FILE PHOTO: Tesla Inc CEO Elon Musk speaks onstage during a delivery event for Tesla China-made Model 3 cars at its factory in Shanghai, China January 7, 2020. REUTERS/Aly Song/File Photo
Tesla’s ascent came the same year that activist hedge funds and other investors ratcheted up pressure on corporations to fight climate change. Evidence is growing that more investors have concluded the century-long dominance of internal combustion engines - “ICE” in industry slang - is headed toward a close within a decade.
The best-selling vehicles in the United States remain large, petroleum-burning pickup trucks. Demand for these vehicles powered a recovery for Detroit automakers after the pandemic forced factories to shut down in the spring. The shift toward electric vehicles is speeding a parallel transformation of vehicles into largely digital machines that get much of their value from software that powers rich visual displays and features such as automated driving systems.
Tesla’s use of smartphone-style over-the-air software upgrades was once a unique feature of the Silicon Valley brand. In 2020, the best-selling model line in the United States, the Ford F-150 pickup, was redesigned to offer over-the-air software updates, making the technology as mainstream as it gets.In the best of times, traditional internal-combustion vehicles would have faced huge costs and disruptions to their workforces to evolve to electric, software-intensive vehicles.
No other car company than tesla has a competitive EV on the road! And if they would, there Software would lack!
Glad to see people are finally paying attention. Best car I’ve ever owned. If you haven’t driven a Tesla or any other electric car you really should. They’re fun to drive and cheap to run so it’s a win / win
smashing tesla mode
Trump rally in Taiwan
Nothing like trying to save the planet than by driving a car that uses electricity that in America is mostly made by burning coal, just over 50% comes from coal wow way to save the world😂
No it’s just the year dumb people were conned into buying shares so Elon can get his bonus 🤣
Hydrogen free energy motors is here now...hurray,hurray,hurray
this is terrible news