Connect with us

News

Volkswagen admits to Tesla’s 10-year headstart in the electric car race

(Credit: John Foulkes/Twitter)

Published

on

It is no secret that Tesla is ahead of everyone in the electric vehicle race, and other manufacturers will likely be playing catch up with the Elon Musk-headed company for years to come. This is something that was admitted recently by a Volkswagen board member, who stated that Tesla has a 10-year headstart in the electric vehicle race, according to Reuters.

“Tesla is an impressive manufacturer,” Volkswagen’s electromobility board member Thomas Ulbrich said.

Tesla’s industry dominance did not come overnight. It has been a 17-year long journey that has included many triumphs and failures, all of which have contributed to the company’s ability to establish itself as an industry leader in sustainable transportation and energy.

Despite Tesla’s trials and tribulations and its current lead, however, Volkswagen believes it can eventually catch up to Tesla’s current state of dominance with the right strategy. “It is a motivator for us. Tesla has ten years more experience. But we are very quick in catching up,” Ulbrich added.

While Tesla may not have been the first company to produce an electric vehicle, it is the first company to enter the competitive automotive market with a strategy that exclusively involves battery-powered cars. Tesla has pretty much disrupted the entire automotive industry, and with the acquisitions of battery technology companies like Maxwell and Hibar, as well as a serious push towards autonomy, Tesla remains a leader in the EV sector.

Advertisement

As the Silicon Valley-based company saturated the United States and entered other markets with the Model 3, its most disruptive sedan yet, Tesla is beginning to make a measurable impact on established automakers. Volkswagen is one of them.

In 2019, VW announced its plans to begin a massive push toward electric vehicles, but the company’s road towards sustainable transport has been anything but smooth. Volkswagen’s ID.3 has been delayed due to software issues, and the company recently announced that it is retiring the e-Golf in the United States.

Volkswagen has been one of Tesla’s most vocal supporters. When Musk announced the company’s decision to bring a European Gigafactory to Berlin, VW CEO Herbert Diess was ecstatic and saw it as an excellent opportunity to revamp Germany’s dominance in the automotive market. Not to mention, the company’s zero-emission vehicles would contribute to the European goal of slashing global pollution that comes from automobiles.

“I would say that we share a vision, which is that we only can achieve the CO2 targets and reduce carbon emissions through electric cars,” Diess said to Musk after announcing the plans for Giga Berlin.

The details of Volkswagen’s plan to overtake Tesla as the world’s leading electric vehicle manufacturer is unknown to anyone outside the VW boardroom. But one thing is for sure, if Volkswagen plans to catch up in the EV race, it better start soon. Tesla, after all, is on the eve of a massive Model Y delivery push, and it is also making headway in its efforts to roll out a full self-driving solution to its fleet of vehicles. With this in mind, the gap between Tesla and its competitors in the electric car race may end up being wider very soon.

Advertisement

Joey has been a journalist covering electric mobility at TESLARATI since August 2019. In his spare time, Joey is playing golf, watching MMA, or cheering on any of his favorite sports teams, including the Baltimore Ravens and Orioles, Miami Heat, Washington Capitals, and Penn State Nittany Lions. You can get in touch with joey at joey@teslarati.com. He is also on X @KlenderJoey. If you're looking for great Tesla accessories, check out shop.teslarati.com

Advertisement
Comments

News

Tesla’s Supercharger Diner probably just secured more locations

Published

on

tesla diner
Credit: Tesla

Tesla’s Supercharger Diner in Los Angeles dominated the company’s global usage rankings after just one year, proving the concept is more than just a one-off novelty location that will fade away.

The performance could incite the company to build more locations, something that CEO Elon Musk has hinted at for some time.

Tesla’s Supercharger Diner delivered 21.2 GWh of energy in its first year of operation, the company’s head of Charging, Max de Zegher, revealed on X. Of the top 10 most utilized Supercharger locations in Tesla’s global infrastructure, the Diner in Los Angeles was the most used by drivers, and it wasn’t particularly close:

On its launch day one year ago, nobody was too sure what the Tesla Diner would be about. It seemed like an interesting concept, and considering it had been in the works for years, it was a highly anticipated launch that many were looking forward to.

Based on its success, we could see additional Diners with Superchargers built throughout the United States, and potentially beyond. Musk has said on several occasions that the company would be willing to bring the Diner idea to more markets.

Tesla makes major change at Supercharger Diner amid epic demand

Advertisement

Of the markets that Musk has mentioned, both Palo Alto and Austin have come to be perceived as ideal selections. However, there are no concrete plans as of now to build new Supercharger Diners anywhere; the location on Santa Monica Boulevard will remain the exclusive spot to pick up Tesla-inspired eats, at least for the time being.

Continue Reading

Investor's Corner

Tesla short sellers win big after shares fall after earnings

Published

on

A red Tesla Roadster driving around a turn
(Credit: Tesla)

Tesla short sellers won big following the company’s massive fall on Wall Street after it reported subpar Earnings on Wednesday.

Tesla short sellers collected about $4.12 billion in single-day profits on Thursday, according to BloombergShares fell as much as 15 percent during Thursday’s session. It closed as one of the worst days for Tesla on Wall Street in the past three years.

Investors sold off the stock after Tesla said it would aggressively direct its spending toward AI and its Optimus robot project. The company had record revenues, which were driven by one of the strongest quarters in terms of vehicle deliveries in company history.

Advertisement

However, it missed EPS estimates by reporting just $0.33, a far cry from the $0.53 analysts expected.

S3 Partners reported that about 3 percent of Tesla’s outstanding stock is sold short. Managing Director at S3, Ihor Dusaniwsky, provided the short seller’s potential profit, as well as another figure: shorts have likely had paper gains of $8.92 billion this year, as Tesla shares are down 30 percent in 2026.

Tesla (TSLA) Q2 2026 earnings results: miss on EPS, beat on revenue

Tesla has burned short sellers many times in the past, but the company’s latest Earnings Call was a chance for those skeptics to taste some payback. Although the company gave some very transparent information regarding future projects, the rollout of Robotaxi, Optimus, and Semi, many investors took their profits on Thursday.

Notable short sellers like Michael Burry have been transparent about their skepticism around Tesla shares. Burry just revealed three weeks ago that he had opened up a new short on the stock, stating he shorted Tesla shares at $416.22. “Happy it jumped back to this level,” he said in a blog post.

Advertisement

At the time of publication, Tesla shares were down about 3 percent and the stock was trading at $309.92.

Continue Reading

News

Tesla door handle saga gets its latest chapter and a big change is coming

Published

on

Credit: Tesla | Model 3 Owner's Manual

Tesla’s long-standing saga regarding its door handles and a manual release has entered its latest chapter, and as a result, a big change is coming.

On Friday, the National Highway Traffic Safety Administration (NHTSA) denied Tesla’s petition that was seeking a defect investigation into roughly 180,000 Model 3 vehicles for an issue involving the emergency mechanical door release.

Advertisement

NHTSA said that Tesla’s petition did not present evidence of a safety-related defect in the door handles or their emergency releases. Instead, the agency determined that it would rather solve the issue of the lack of labeling or location of emergency mechanical door releases and the federal safety rules that govern them.

Essentially, the NHTSA wants to create and enforce rules that would require automakers to make emergency door latch releases more clearly labeled in a car. Despite a Tesla having manual door releases on all four passenger doors, many people do not know they exist or how they work.

Tesla addresses door handle complaints with simple engineering fix

In recent times, Tesla has faced some criticism involving its door handles, specifically because some occupants have reported that they are unable to exit their vehicles after losing power. The door handles on a Tesla are electronically operated, but in the event that the 12V battery dies, there is a manual release that can be used.

The NHTSA only identified a single complaint involving the mechanical door releases: a 2022 Model 3 owner said the release was concealed and unlabeled after the vehicle lost power after a front-end collision. It has also already started to create a separate rulemaking process to make emergency door-egress systems more obvious.

Advertisement

It should be noted that all Teslas have mechanical emergency door releases, but they are placed in various locations as the vehicles have aged and been redesigned from year to year. Refer to the safety manual for your vehicle if you have any confusion about where the emergency releases are and how they work.

Continue Reading