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The Tesla Cybertruck Has Strong Sales Potential, But Only If US Buyers Step Up

Much has been written concerning the Tesla Cybertruck because it was first unveiled as a prototype in December 2019. Last week was the launch of the manufacturing model and, as anticipated, media protection has skyrocketed.

This truck is an evolution of the pickup in some ways. Its daring design, quite a few options, attention-grabbing options, and positioning available in the market make it one in every of this 12 months’s most essential revelations. But what’s its actual influence on Tesla’s gross sales quantity and international markets?

A ‘Crazy’ Vehicle With A Competitive Price

The Cybertruck is arguably Tesla’s most succesful car, combining true hypercar acceleration (0-60 mph in 2.6 seconds) with pickup practicality and room for 5 within the cabin. Thanks to the capabilities of its batteries and software program, Tesla has managed to shake up not solely main electrical car markets, but additionally the business generally. The Cybertruck is the affirmation of this development.

With an entry worth of $61,000, the Cybertruck is not precisely low-cost. The worth is a far cry from the $40,000 Musk promised four years ago and is the results of inflation and real-world manufacturing challenges. However, this can be a aggressive base worth for a car with these options. The volume-weighted common retail worth of electrical pickup vehicles bought within the US between January and September 2023 was $82,835.

Competition In The US

On the opposite hand, the most affordable rear-wheel-drive Cybertruck will not be obtainable till 2025, and it prices $11,000 greater than the least costly Ford F-150 Lightning. The Chevrolet Silverado EV can even have a price ticket of a number of thousand {dollars} much less, so Tesla will not have the luxurious of merely undercutting Detroit manufacturers in a worth conflict.

Things are totally different on the different finish of the pricing scale. The costliest Cybertruck, formally referred to as the Cyberbeast, has 845 horsepower and may journey as much as 320 miles on a single cost. Its worth is $99,990, which on this case, works out to be extra reasonably priced than its closest rival, the GMC Hummer EV Pickup. While that truck has 1,000 hp, it is also heavier by over 2,000 kilos and is slower than Cybertruck. The most vary is a bit higher at 381 miles, however the flagship GMC Hummer EV 3X trim begins at $106,945. Rivian is aggressive price-wise, however nonetheless a bit slower than the Cyberbeast.

As such, the newest Tesla appears aggressive in comparison with its rivals within the United States. Given its efficiency, capabilities, and worth, it might do very properly within the US market the place pickup vehicles rule the roads. Of course, this will depend on consumers stepping away from conventional combustion engines to undertake electrical energy.

Americans are shopping for EVs. Between January and October 2023, a complete of 959,000 new light-duty electrical autos had been bought within the United States. While this can be a strong 60 % improve over the identical interval in 2022, these autos solely accounted for 7.4 % of the overall market. Meanwhile, battery electrical autos had been 15 % of the European whole and round 20 % in China.

US Market Isn’t Kind To Electric Trucks

The electrical pickup phase continues to be pretty unpopular within the States. Their gross sales represented lower than 3 % of whole EVs by way of October. The F-150 Lightning bought simply 16,200 items in its first 10 months, in keeping with JATO Dynamics. While electrical autos accounted for practically 9 % of whole SUV gross sales, electrical pickup vehicles accounted for 1.2 % of the phase’s whole.

Will the Cybertruck deliver consideration to electrical vehicles? I’m positive, sure. However, America’s pickup tradition is simply as robust as its connection to gasoline. Changing this example would require a unique strategy. Consumers within the truck market doubtless will not take to electrical energy as simply as these in different segments, reminiscent of SUVs.

For Cybertruck to succeed, it should win in North America. Tesla has created the world’s best-selling automotive within the Model Y because of robust gross sales across the globe, however the Cybertruck does not have that very same international potential. Big pickups are solely fashionable within the United States and Canada.

The creator of the article, Felipe Munoz, is an Automotive Industry Specialist at JATO Dynamics.

Google Introduces AI Image Generation through Search Bar

Google has announced a new feature that allows users to generate AI images directly from the search bar. As part of this update, Google is also providing a new tool for writing inspiration. An example given by Google is a scenario where someone is researching contractors to convert their garage into an office. In this case, the person can simply type, “Write a note to a contractor asking for a quote to turn my garage into a home office,” and the AI will generate a draft to inspire them.

Once the draft is generated, users have the option to make some edits. They can choose to shorten, lengthen, or make the draft more casual. Once satisfied with the AI’s work, users can export the draft to Google Docs or Gmail and make further edits themselves.

However, it’s important to note that this feature, known as the SGE program, is currently only available to a limited number of users in the U.S., India, and Japan. Additionally, access to the image generation capabilities is restricted to U.S. Google account holders who are 18 years or older.

Source: SlashGear

Welcome to BMW Park – FC Bayern Munich Basketball’s home arena is renamed.

+++ BMW Park written proudly over the main entrance +++ Naming forms part of the mobility partnership between BMW Munich and FC Bayern Munich Basketball GmbH +++ Basketball fans can visit BMW Park for the first time on 16th and 17th September +++


Munich.
The mobility partnership between BMW Munich and FC Bayern Munich Basketball GmbH, which started in July, is now prominently displayed at the home arena of the Bundesliga club. On Friday, the new title of BMW Park was prominently written across the main entrance to the Rudi-Sedlmayer-Halle in Munich Westpark, which was constructed in 1972.

FC Bayern Munich Basketball will have its first matches at BMW Park on September 16th and 17th, 2023 as part of an exclusive pre-season tournament called the “MagentaSport Cup”. This tournament features only EuroLeague teams and will see the German cup winners play against Virtus Bologna (ITA) on Saturday. The second semi-final will feature Alba Berlin (GER) versus Red Star Belgrade (SRB). The match for third place and the final will take place on Sunday. The first BBL home match at BMW Park is scheduled for September 29th, 2023 against Mitteldeutscher Basketball Club.

In addition to the on-court collaboration, BMW Munich will be providing fully electric vehicles for the players and coaching staff as part of their long-term partnership with FC Bayern Munich Basketball GmbH. The two partners will also collaborate on social responsibility and non-profit projects off the court.

Will Toyota Lead the Next Electric Vehicle Revolution?

Toyota has often been criticized for its limited involvement in the electric vehicle (EV) market compared to its competitors. While companies like Tesla, Volkswagen, and Chinese car brands dominate the EV scene, Toyota’s presence in terms of products and sales has been relatively minor.

However, it is important to acknowledge that Toyota has been working with electric drivetrains and batteries for over 20 years. Despite lagging behind in pure electric vehicles, the company’s experience and expertise in this field cannot be disregarded.

Running Up The Electric Bill

In 2022, Toyota ranked 29th in global EV sales by automakers, delivering only 22,300 electric vehicles worldwide. Numerous smaller manufacturers, including Renault, BMW, Ford, and various Chinese newcomers, have surpassed Toyota in terms of electric car sales. Pure electrics account for just 0.2 percent of Toyota’s total sales of 10.48 million vehicles in 2022.

Toyota’s electric vehicle lineup is limited to three SUVs (C-HR, bZ4X, and Lexus UX) and a family of commercial vans (Proace). In comparison, BYD, China’s largest EV maker, offers 13 different models excluding vans, BMW Group has eight EVs available, and Stellantis has nine battery-electric passenger cars and 15 vans.

While Toyota’s Western competitors were focused on accelerating the transition to electric vehicles, the Japanese company dedicated its efforts and resources to improving its hybrid technology.

Over 25 Years Of Know-How

In 1997, Toyota introduced the world’s first mass-produced hybrid car, the Toyota Prius. This groundbreaking model was the result of Toyota’s commitment to producing low-emission vehicles, as outlined in the Earth Charter document announced in 1992.

Since then, Toyota has sold over 5.05 million units of the Prius across four generations. The company has been instrumental in paving the way for the development and adoption of pure electric cars while consistently reducing the average emissions of its vehicle fleet.

What To Expect?

One of Toyota’s key strengths is its deep understanding of global markets. The company has a strong presence in almost every country, offering a wide range of products that cater to the needs of different consumers. Toyota is the preferred choice for new car buyers in Africa, the Middle East, Japan, Southeast Asia, and Oceania. It is also a highly popular brand in the United States, China, Latin America, and Europe due to its reputation for reliability and trustworthiness.

Looking ahead, Toyota’s recent “electric” plans, which include the development of batteries capable of traveling up to 600 miles by 2026 and 900 miles on a single charge after 2028, indicate a significant shift towards electric vehicles. These plans represent just the beginning of Toyota’s recovery in the EV market.

In my opinion, Toyota should not be underestimated. The company’s size, know-how, and international presence position it well to capitalize on the electric vehicle boom once demand is firmly established. These are three elements that even Tesla is still working to achieve.

5 Reasons Why You Should Choose Google Bard Over ChatGPT

Google Bard surpasses ChatGPT in multiple aspects. Unlike ChatGPT, which only accepts written prompts, Google Bard supports both written and spoken inputs. With its microphone access feature, users can interact with the AI chatbot using their voice. By simply clicking on the microphone icon, users can speak their prompts, watch Bard transcribe it, and receive a response. This feature makes Google Bard more inclusive and user-friendly, especially for individuals who are unable to physically use a mouse and keyboard.

Google Bard allows users to utilize audio inputs similar to text prompts. Instead of typing a request, users can comfortably communicate with Bard through speech. Whether it’s inquiring about recent news, requesting a Facebook caption for a store anniversary, having it generate code for a Raspberry Pi project, or even translating languages, Bard’s audio prompts prove to be highly advantageous. While it currently supports only three languages (U.S. English, Korean, and Japanese) at the moment, the developers are actively working on expanding the language options, providing users with the possibility of utilizing additional languages in the future.