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Woz pranks the Internet with 'his' Tesla Model X

This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings. People pay attention to Steve Wozniak. People pay attention to Tesla Motors. Put the two together, with the bonus of a not-yet-available Model X, and you've got the makings of Twitter gold. This was proven yesterday, when Woz Tweeted a picture of himself with what he said was "our new Tesla!" Excited admirers offered their congratulations and wanted to see the cool Falcon doors in action. But it was all a dream too sweet. The Model X, after all, isn't due until the end of the year and even an Apple co-founder can't bend time that much. Tech editor at The Street Chris Ciaccia popped the bubble with this Tweeted explanation: "Despite @stevewoz tweeting a pic of him w/the Model X, not his new car. Just a photo op with the display model at that charging station." So, really, "Woz's" Model X could belong to anyone who wants to go to wherever the display model is located and snap a picture. We would not be surprised, though, if Woz is one of the 12,000 (guesstimated) pre-orders for the Model X. The all-wheel drive, all-electric CUV can hit 60 miles per hour in under five seconds thanks to a powertrain similar to the one in the Model S. Like the popular S, the X will come with either a 60- or 85-kWh battery. You can see the Falcon doors move up and down, digitally, here.

Why Tesla's $35,000 Model E is a pipe dream

A car that costs 80 percent as much to produce as another can't be half the price. That's the simplistic version why Stanphyl Capital Management says Tesla Motors will not be able to sell its "mass market" sedan for the low, low (by luxury electric-vehicle standards) Elon Musk-backed price of $35,000. In fact, the California-based automaker will take about a $13,000 bath for each unit it sells of the new vehicle, now referred to as the Model E. Stanphyl Capital Management breaks down the fourth-quarter costs and revenue associated Tesla's Model S, of which it sold about 6,900 units during the last three months of the year. In a nutshell, Tesla generated a whopping $106,000 per vehicle sold, with about two-thirds of the company's gross profit coming from battery and optional upgrades. And while Tesla may be able to get the Model E battery costs down to about $8,100 compared to the $15,600 cost of the Model S battery (the smaller car will use a smaller battery that will provide about a 200-mile single-charge range), all of the other stuff brings the Model E's unit cost up to about $48,000. That compares to the $59,600 average cost of a Model S. Fremont, we have a problem. Reports came out in December saying that the Model E may be unveiled at one of next year's auto shows and sales could start as early as 2016. The argument against the possibility of a $35,000 Model E may sound reasonable on paper, but more than a few people have lost money betting against Elon Musk. You can read more at ValueWalk.

Best and worst car brands of 2022 according to Consumer Reports

It's that time again, Consumer Reports this morning lifting the curtain on its 2022 Annual Car Brand rankings and its 10 Top Picks in the car, crossover, and truck category. Drumroll, please: This year, Subaru climbs two spots to claim the winner's circle, having come third the last two years. Last year, Mazda climbed three spots from 2020 to take the crown. This year, Mazda slipped to second, BMW taking the last spot on the podium, also a one-spot drop from 2021. Six automakers in the top 10 hailed from Japan, which is one more than last year, and five luxury makers occupied the top 10, which is two more than last year. And South Korean representation didn't crack the top this year, after Hyundai managed tenth last year. The seven makes after BMW are: Honda, Lexus, Audi, Porsche, Mini, Toyota, and Infiniti.  The magazine and testing concern says its Brand Report Card "[reveals] which automakers are producing the most well-performing, safe, and reliable vehicles based on CR’s independent testing and member surveys," and that "Brands that rise to the top tend to have the most consistent performance across their model lineups." The domestics also took steps back among the 32 OEMs ranked on the 2022 card. Chrysler and Buick were the domestic carmakers who made last year's top 10 in eighth and ninth, respectively. This year, Buick dropped to eleventh, Chrysler to thirteenth. Dodge went from fourteenth to sixteenth. CR continues to ding Tesla's yoke steerer, the not-exactly-natural handhold responsible for the electric carmaker going from sixteenth last year to twenty-third this year.