Tesla nearly doubled its revenue in Q1 despite industry wide supply chain woes

Tesla built 305,000 vehicles in the first “exceptionally difficult” quarter of this year, delivered 310,000 of them, and opened new factories in Berlin and Austin — all while CEO Elon Musk sought a highly publicized hostile takeover of Twitter.

Tesla’s recent factory investments, as well as efforts to shore up its battery component supply chain, are part of the company’s localization strategy, which seeks to lower production costs by building vehicles closer to the markets they’ll eventually be sold in. But like the rest of the automotive industry, Tesla faces an increasingly tight supply of critical semiconductors and rising prices spurred by inflation itself brought on by Russia’s invasion of Ukraine. It also is currently navigating the shuttering of its Gigafactory in Shanghai, which closed due to COVID outbreaks in the region. Work at the factory has only partially resumed in recent days.

At the opening of the Austin Gigafactory earlier this month, Musk confirmed that the long-awaited Cybertruck would finally be going on sale in 2023 and that a wide beta of its Full Self-Driving technology would be rolling out throughout North America this year. However, both the Cybertruck and the upcoming Roadster (as well as “Future Products”) are still listed as “in development,” as opposed to “in production” as the X/S and 3/Y are in this latest investors deck. “We remain on track to reach production of the cybertruck next year,” Musk assured investors and journalists present on Wednesday’s call. Q1 2022 also saw price increases across Tesla’s model lineup and the elimination of gratis mobile charging equipment. Overall, the company posted $3.3 billion in net income up from $438 million last year.

Looking ahead, Musk anticipates another banner year in 2022. While the company’s official outlook estimates a 50 percent increase in vehicle production, “I think we actually have a reasonable shot at a 60 percent increase over last year,” Musk said. He also made mention of the Robotaxi prototype Tesla is developing. “That’s highly optimized for autonomy, meaning it would not have a steering wheel or pedals, and a number of other innovations that I think are quite exciting,” he added. The Robotaxi could reach volume production as soon as 2024.

Indi One first look: Part EV, part gaming PC

While established automakers try to come to grips with the electric revolution, fresh EV startups are thinking up innovative ways to cater to a new generation of drivers. And after checking out an early version of its upcoming car at the New York Auto Show, it feels like INDIEV may have created the first electric car made for gamers.

When it comes to general specs and performance, INDIEV’s Indi One seems to be using the Tesla Model Y as a template. The base model is slated to cost around $45,000 and features a 75 kWh battery, all-wheel drive and 230 miles of range. Meanwhile, the $65,000 premium version will sport a 95 kWh battery with 300 miles of range and a 0 to 60 time of 4.2 seconds. Even the shape of the Indi One is somewhat reminiscent of Tesla’s popular electric crossover, sporting a shortish hood, room for five passengers and a sloping rear end.

The Indi One's VIC or vehicle integrated computer is located beneath the car's hood, where a frunk might be in other EVs.
The Indi One’s VIC lives beneath the hood, which means you won’t get a frunk. 
Sam Rutherford/Engadget

However, where INDIEV is changing things up comes on the inside. That’s because unlike other cars, the premium version of the Indi One features a VIC, or vehicle integrated computer designed to let occupants play games, edit photos and videos, or even live stream while on the go.

Now other car makers like Tesla have dabbled with in-car gaming, with owners enjoying support for titles like the Witcher 3, Stardew Valley, Cyberpunk 2077, and more on its vehicles. But the few dozen or so games available in Tesla’s Arcade feature are still a far cry from what you can get from PC marketplaces like Steam or the Epic Game Store. Additionally, due to NHTSA regulations, you can’t game on a Tesla’s main screen while the car is in motion, which makes a lot of sense, but is a bummer for any passengers seeking alternative entertainment.

The Indi One features two different interior screens: one running Android Automotive, and another powered by Windows.
Sam Rutherford/Engadget

But on the One, INDIEV gets around that restriction by having two large screens on the car’s dashboard. There’s a main infotainment screen powered by Android Automotive, along with a second screen on the passenger’s side running Windows. Not only does this mean guests can play while moving, it also means you can install pretty much any PC app you want. The car’s gaming credentials aren’t too shabby either. At the show, INDIEV reps told me the car currently features an Intel Core i7 CPU and an Nvidia RTX 2080 GPU. But by the time the One officially goes on sale next year, the company is hoping to upgrade that to an RTX 3080 or better (assuming we’re still not in the midst of a chip crunch).

While it probably won’t be easy, INDIEV says the car’s GPU may even be user-replaceable, so you shouldn’t have to worry about buying a whole new car after a few years when it struggles to play the latest AAA games. And while I didn’t get a chance to game on it myself, I was able to pull up Twitch, get a glance at the standard Windows UI running underneath and see the One’s in-car streaming setup in action. INDIEV even lets users access one of the car’s built-in cameras to capture your face, so there’s no need for an external webcam. That said, because there isn’t a built-in mouse, keyboard or gamepad, you’ll need to figure out a control setup that works for your needs.

The Indi One's Windows-based computer allows users to install practically any app they want, including live streaming software and games.
The Indi One’s VIC will run Windows so you can install games or apps like Streamlabs, which you can see running here. 
Sam Rutherford/Engadget

INDIEV also teamed up with markers of ARK Park so guests can dive into in VR, with the game set to mimic the motion and turns of the car to reduce motion sickness. Additionally, the VIC will be open-sourced and will have an SDK for developers, so if you’re not afraid of some code, you can create custom apps and routines. And thanks to military-grade vibration reduction surrounding the VIC, the car’s gaming components shouldn’t come loose due to unforeseen bumps in the road. How’s that for geeky?

Finally, INDIEV says the One supports blockchain integration, allowing the car’s computer to function as a node for an unspecific decentralized ledger. This means the car could rake in a bit of passive income when you’re not driving it, which sounds like a nice idea in an alternate world where crypto has overtaken cash and credit, but I don’t think we’re yet. I should also point out that it’s hard to say how much juice gaming or running a node will have on the One’s range, which could render both of these features moot if you’re low on battery.

Of course, EV startups are kind of a dime a dozen these days. And for every Tesla that makes it big, there are sure to be others that crash and burn before reaching critical mass. But as someone who has always wondered why car makers don’t try to get more utility out of the computers inside them, I appreciate the ambition. And as we seen from Tesla and other EV makers have already proven, the tech inside a car matters just as much as how it looks or drives.

Now I admit that the newness of being able to game in your car makes it difficult to say if INDIEV’s endeavor will be a success or even help sell an extra car or two. But as someone who never has enough time to play games as it is, the idea of fitting in a quick round of Apex Legends while recharging or poking away in Civ 6 as a passenger during a road trip sounds fantastic. So if you’ve ever dreamed about an EV that can push pixels just as well as your rig at home, the One provides an interesting glimpse at a next-gen driving machine.

Reservations for the Indi One are available now ahead of its official release date next year in Q2 2023.

BMW’s first all-electric 7 series starts at $120,295

BMW isn’t letting Mercedes’ EQS go unanswered. The German marque has introduced its first completely electric 7 series, the i7 xDrive60. The long-wheelbase luxury sedan offers solid performance, with a dual-motor setup providing 536HP, a 0-60MPH sprint in 4.5 seconds and a preliminary EPA range of 300 miles. As with the conventional 7 series, though, the focus is on creature comforts — this is designed as much for chauffeured executives as it is for drivers.

That driver will see a curved dual-display interface that includes a 12.3-inch instrument panel and a 14.9-inch infotainment screen. BMW is touting a smartphone-like interface, but you’ll also find a new “Interaction Bar” that provides touch-sensitive controls for common features like climate settings and hazard lights. You can even customize the bar’s lighting to react to certain events, such as incoming calls or invoking BMW’s Intelligent Personal Assistant (including from the rear seats, for the first time).

As we mentioned, though, the best experience is likely in the back. Spring for the optional Theater Screen and you’ll get a 31-inch, 32:9 ratio 8K rear display with a Fire TV interface. Rear window shades will even close when you switch the system on. Each rear door has its own 5.5-inch touchscreen for climate, media and seating controls, while a standard panoramic LED roof can produce a light show in addition to showing the sky above. You’ll have access to 5G, including a “Personal eSIM” that can migrate between cars. 

Other tech upgrades include an optional Highway Assistant (part of a Driving Assistance Professional Package) that provides hands-free driving up to 80MPH, a smarter Parking Assistant Professional with remote control and a Maneuver Assistant that can replicate tricky driving scenarios (such as a tight parking garage). An augmented reality view on the instrument screen merges video with directions and similar info, while the doors will both detect potential hazards and (with another option) automatically open by touching the handles or Interaction Bar. Owners of recent, UWB-equipped iPhones can also use Digital Key Plus to automatically lock and unlock the doors, and eventually open the doors or activate the alarm system.

Unsurprisingly, this excess will cost you. The i7 xDrive60 will start at $120,295 ($119,300 plus a destination fee) when it reaches the US in the fourth quarter of the year, and that’s before you add extras like the 36-speaker Bowers & Wilkins Diamond Surround Sound System. That’s not an outlandish price for BMW’s target audience, though, and it undercuts the $125,900 of the EQS 580.

Lexus announces the RZ, its first purpose-built EV

Lexus has today announced the RZ, the luxury marque’s second entry into the EV market, and the first designed from the ground-up as an electric vehicle. With a 71.4kWh battery and a claimed range of around 280 miles, the RZ will also show off a new active four-wheel drive system dubbed DIRECT4. That will, so the company says, enable the car to automatically distribute force to each wheel according to its need. And Lexus says that DIRECT4 will offer “excellent driving performance” with a “stronger human-machine connection.”

Given this is Toyota’s luxury brand, there’s plenty of mention of omotenashi, the Japanese concept of overwhelming your guests with hospitality. Here, Lexus says that owners can expect lots of interior space and plenty of comfort, both for the driver and their passengers. Rear passengers look like they’ll get decent legroom, and a dimming panoramic roof will help make those seats feel a little more spacious, especially compared to most Lexus crossover SUVs.

Image of the Lexus RZ
Lexus

Of course, the only thing anyone will likely want to focus on is the steering yoke, because you can’t drive a futuristic EV with something as old-fashioned as a wheel, come on. (Don’t worry, it’s an option, the default version comes with a wheel). 

The RZ isn’t Lexus first foray into making a battery electric vehicle, and offered a EV version of its UX series (the 300e), which garnered lukewarm praise from critics. The Lexus build quality and luxury on offer might have been appreciated, but with a range under 200 miles, cramped rear space and poor charging dimmed its shine. Thankfully, the RZ is based on the same e-TNGA EV platform you’ll find underpinning both Toyota’s new bZ4X and Subaru’s Solterra. And we’d expect the RZ to sit as a fancier-pantsier version of the bZ4X, with better interior options and the already-mentioned longer range.

Audi’s Urbansphere EV concept is built for tomorrow’s megacities

As automobiles gain increasing autonomy and their occupants spend less time actively paying attention to the task of driving, Audi is reimagining the role of the vehicle’s cabin space — from a rigid, safety-centered, face-forward setup to a more open, communal design. The automaker showcased this evolution in its new Urbansphere EV concept, which it unveiled on Tuesday.

The Urbansphere's rear LED panel
Audi

The Urbansphere is the third in a trifecta of futuristic Audi EV concepts. It joins the Skysphere — a 623-HP EV roadster announced last August reminiscent of the Disco-era Chevy Camaro or Jaguar XJ6 — and the Grandsphere touring coupe announced in September. All three are built with level 4 autonomous vehicle technology in mind, a project that Audi is collaborating on with CARIAD, Volkswagen Group’s software business. The hope is to get to market in the second half of this decade.

The Urbansphere is the largest of the trio and the biggest Audi concept vehicle to date. It sits on 24-inch rims and measures a whopping 18 feet in length — the same as GM’s Hummer EV; it’s over 6.5 feet wide (a Paul Pierce wingspan) and 5.8 feet tall (approximately one entire Tom Hardy!) And because the Urbansphere doesn’t have to account for a conventional arrangement of a combustion-powered car’s components “it prioritizes the occupants’ need to experience ample space as a distinctive comfort factor,” the company wrote in a Tuesday press release.

Static photo, Color: Electric Slate
Audi

As such, the Urbansphere’s interior offers two bucket seats in both rows, the rear pair boasting seatbacks that recline up to 60 degrees with extendable footrests. The front seats swivel to enable fed-up parents to more easily get at their misbehaving progeny without having to pull this goddamn car over and then NOBODY’S going to Disneyland, though a series of privacy dividers and seat back-mounted television screens should help keep the peace.

Think Star Trek Taxicab but make the rear seats recline. Everything is somehow both sterile and covered in wool?
Audi

Audi also has plans to include a “large-format and transparent OLED screen” that pivots vertically from the roof down between the two rows. It would span the entire width of the cabin interior, like a taxi divider, and allow the rear passengers to watch movies or take conference calls. (Because even in the most idealized future Audi can imagine, we are still inconvenienced by conference calls.) When not in use, the screen will remain transparent or will fold up against the vehicle’s equally clear glass roof.

Ok so you know those sneeze guards they had at buffets in the beforetimes? That but with Paw Patrol projected onto it and small monitors mounted in the seatbacks.
Audi

The vehicle could include an anxiety detection program that “uses facial scans and voice analysis to determine how passengers are feeling” and might offer “personalized suggestions” to relieve stress. Audi does appear to be taking the relaxation of the Urbansphere’s conceptual drivers quite seriously, incorporating calming wood accents throughout the cabin and obscuring display panels in the central infotainment screen until the car powers on.

Static photo, Color: Electric Slate
Audi

Part of the experience that Audi envisions is the Urbansphere serving as a pseudo-assistant, allowing the driver to, say, make restaurant reservations from inside or order groceries for curbside pickup. It might also leverage level 4 capabilities to ferry riders to their destination then independently find a parking or charging station.

Interior
Audi

With an 800V architecture supporting a 270 kw max DC charging speed, it shouldn’t take too long to top off the Urbansphere’s cells. Its 120 KwH battery pack requires just 25 minutes to charge from 5 to 80 percent of its 466-mile range capacity. Overall, Audi estimates it can wring 186 miles out of a quick 10-minute charge.

Mercedes’ EQS SUV arrives in US showrooms this year

Building upon the success of the EQS and the launch of the EQE, Mercedes has another electric vehicle on the way to the United States. This time it’s more in line with what the US wants: an SUV.

The oddly named EQS SUV is to the sedan EQS what the GLS is to the regular S-Class — an upright take on its ultra high-end model. It was unveiled recently in Germany and we got a chance to check out the taller electric vehicle from Mercedes. In addition to having room for seven, the electric SUV has an off-road mode and special running boards that help reduce drag. 

While Mercedes is mum on pricing and range details for the US, we do know that its European range will be “up to 600 kilometers” based on the WLTP standard, which should make the range top out at a shade over 300 miles in the US’ more stringent EPA ratings. As for pricing, well, the regular EQS starts at just over $100,000 so the SUV is going to be in a similar bracket to Tesla’s Model X. The car’ll be built in the US and available this fall, and you can watch the video above for the full story.

VW ID.Buzz first look: An EV that makes vans cool again

We’re in the middle of an EV revolution and every day it feels like there’s a new electric car, truck or SUV hitting the road. But if you want an electric van, your options are a lot more limited, which is precisely what VW is hoping to address with the upcoming ID.Buzz.

Unfortunately, I wasn’t able to attend the ID.Buzz’s official debut back at SXSW, so when I heard that it would be making another appearance at the New York International Auto Show, I made sure to stop by and check it out. Now technically, VW isn’t calling the ID.Buzz a van, so I’ll let you decide where this thing fits among other EVs. But what we do know is that it’s slated to go on sale sometime in 2024, featuring a 77-kWh battery with two rows of seats for the European model (which is what version VW had on display) or a full three rows of seats and slightly longer chassis for the US market. Other specs like its range and price are still to be determined.

While the Euro spec version of the ID.Buzz only has two rows of stats, the US model will feature a longer wheelbase and a full three rows of seating.
Sam Rutherford/Engadget

But make no mistake, unlike the countless number of Microbus concepts we’ve seen over the past 20 years, this is a production-ready car, so it’s more or less what you’ll see at dealers. And I think it looks absolutely fantastic, which is actually kind of impressive. Normally, when you think about buying a van, it feels like you’re giving up on being hip or cool in favor of practicality.

Just like the original, VW has kept the Microbus’ two-toned color scheme. Though if that’s a bit much for your taste, there will also be less flashy single-color paint jobs. Meanwhile, to bring the Microbus’ design into the 21st century, the company has gone minimalist with a lot of its details, opting for clean lines and a big VW logo in front and back, along with blacked-out pillars that makes the bus look like it’s wearing a visor.

Inside, VW continues the new styling by using the same diamond pattern seen on the front grille, and a two-toned interior featuring animal-free upholstery and vegan leather. The infotainment system is similar to what’s available in the VW ID.4, with a small display behind the steering wheel and a larger touchscreen in the center sporting icons that can be made to match the Buzz’s paint job. There’s also a thin lightstrip that runs across the base of the windshield that serves as a heads-up notification system, though I didn’t get to see it in action because it’s typically only active when the car is in motion.

My favorite thing about the ID.Buzz’s interior are all the little usability touches. I spotted no less than four USB-C ports — one in every door — and I’m willing to bet the US version will have at least one or two more for third-row passengers. VW also made it so that you can completely remove the center console between the front seats, giving passengers more room to move about. It even threw in some fun easter eggs like a smiley face behind the front passenger’s interior door handle and little ID.Buzz logos on the rear windshield and the base of the rear seats. And while VW didn’t have it on hand, there’s even an accessory that goes in the trunk to create a flat load shelf. That means you can throw a mattress in back and use the Buzz for stuff like camping, which was one of the best things about the old Microbus.

One of the many easter eggs scattered around the VW ID.Buzz.
Sam Rutherford/Engadget

Perhaps most importantly, when you step back and look at the future van market, VW is leading the way with the ID.Buzz. Sure, Ford is working on an electric version of the Transit, and Mercedes has an EV version of Sprinter. But those are designed to be commercial vehicles, not something that the average person might buy. And that’s kind of sad, because hauling kids or animals short distances around town is the perfect use case for an electric vehicle.

So when the ID.Buzz finally arrives sometime in 2024, it’ll be well ahead of competitors like the Chrysler Pacifica, which currently only exists as a plug-in hybrid. Not only has VW made what looks to be a great reinterpretation of a classic, the ID.Buzz is a pioneering electric van. Oh, and if you just want to haul stuff around, VW is planning to make a cargo version of the ID.Buzz too.