This is the first time Formula E has opened a season in Mexico City, with the last four seasons being launched in Diriyah, Saudi Arabia. Unlike the last few seasons, the opening race is not a doubleheader this time around – there will only be one race, on Saturday, so if you wait until Sunday to tune in, you’ll miss the live action.
At nearly 2,300m/7,500ft altitude, Mexico City’s track provides an excellent demonstration of the strengths of electric drive. Combustion vehicles that race there have to contend with thinner air, which means less efficient combustion and lower engine power. With electric drive, this isn’t a worry – electric motors work equally well at any elevation.
New car
The most exciting change this year is the new car, which is a big change from last year’s car. The Gen3 spec looks very different than before, with a much more angular look.
They’re also smaller in every dimension – length, width, wheelbase, height, and most importantly weight. Smaller cars mean there’s more room on the track, which can potentially mean more overtakes on track. Smaller, lighter cars also perform better, since there’s less weight to push around in turns or during acceleration or braking.
But the biggest and most interesting change is in the powertrain. In addition to a boost to 350kW of power (as compared to 250kW in Gen2) and top speed of 200mph, the Gen3 car also has an additional 250kW front motor specifically for regenerative braking. This makes the Formula E Gen3 car the first Formula car to have both front and rear powertrains.
This means the car is capable of regenerating up to 600kW of power under braking, more than double what it could last year. So the cars will be more efficient and, therefore, able to go further and faster.
In fact, there’s so much energy recovery available from the motors that the car won’t even have rear brakes. Instead of rear friction brakes, the car relies only on its 350kW motor for rear braking. It still has front friction brakes, given that the front axle does the majority of work during braking due to load transfer, but the front brakes won’t need to be as large since they’re backed up by the front motor.
That said, these two powertrains do not make the Gen3 car an all-wheel drive vehicle. Like other formula cars, it still gets all of its acceleration power from the rear axle. But theoretically it would be possible to move to all-wheel drive without a significant car redesign, so we wonder if that might be in the Gen3 car’s future.
That power now goes through Hankook instead of Michelin tires, as Formula E has changed tire suppliers for the first time. But the tires will remain all-weather, treaded tires, suitable for street racing even in wet(-ish) conditions, rather than racing slicks like most racing cars use, which offer much better grip in dry conditions. So between a more powerful rear motor and all-weather tires, Formula E cars will continue to be squirrelly on corner exit, testing driver skill at every turn.
So there isn’t that much of a change in balance during acceleration, but the new car should offer a totally different braking experience, which will take the drivers some time to get used to, especially the first time they take to the track in anger this weekend. We expect some interesting passing opportunities in the early half of the season.
That 600kW of total system regenerative braking capacity is relevant in another way, too. The car’s battery is capable of up to 600kW DC quick charging. Not only does this get used in the race by the braking system, but Formula E plans to add mid-race charging pit stops this year.
In races with these pit stops, the series will require that every driver make a short charging stop, and doing so will unlock activations of “attack mode,” a higher power mode which gives the cars a boost in energy for a few minutes at a time. This change should add more passing and dynamism to the race, while also demonstrating 600kW charging, twice the speed of the fastest consumer chargers.
All of this put together resulted in cars going about half a second faster around the test track in Valencia during pre-season testing last month, part of which was in wet conditions, which meant teams didn’t get as many dry laps as they’d like. While half a second doesn’t sound like a lot, it’s quite a bit in racing – and it’s also a comparison between an outgoing powertrain and an incoming one.
Whenever technology changes happen, it takes a while for teams and drivers to get used to them, and for changes this significant, we can imagine there will be quite a learning curve. We wouldn’t be surprised if the cars end up even faster after shaking out the new technology through the rest of the season.
Formula E’s revised season 9 schedule / Source: FIA
As with other Formula E seasons, particularly during the time of COVID, the calendar is subject to change. Previously the series planned to race again in Seoul, South Korea, which closed out the last season of racing. But that race had to be cancelled due to renovations and was replaced by Cape Town. But the four new circuits still need to be certified by the FIA for race preparedness, so it’s entirely possible we will see some changes to the calendar.
Hyderabad will host the first Formula E race in India, home of Mahindra racing, a longstanding fan favorite team in the series. Cape Town isn’t the first time Formula E has visited Africa – but the other visits have been in North Africa, so it’s the first sub-Saharan site the series has visited. São Paulo is the first time Formula E has visited race-obsessed Brazil, a country with a long history and rabid fanbase in motorsport, though the series has visited nearby Uruguay, Argentina, and Chile many times. And Portland will be the fourth location in the United States that has seen a Formula E race, behind Long Beach, Miami and New York. We’ve now seen one race in each corner of the United States. (Sorry middle America – you’re next perhaps?)
Other changes
One long-awaited rule change, at least amongst motorsport fans, is the end of FanBoost.
FanBoost was conceived in the original season of Formula E as a way to drive fan engagement. Fans could vote for their favorite driver on social media and the top three drivers would get a short boost of power they could use at any point during the race.
While it rarely had a big effect on racing, especially in recent years as the boosts got shorter, many motorsport fans immediately dismissed the series thinking that FanBoost sullied the purity of it all (as motorsport fans are wont to say about … almost everything).
Defending champion Stoffel Vandoorne, who won last year with Mercedes, has shifted to DS Penske (formerly DS Techeetah), alongside two-time champion Jean-Eric Vergne. Mercedes was last year’s constructor’s champion, but they have left the series, and their team is now in the hands of McLaren.
In addition to McLaren taking over for Mercedes, we’ve had other team changes as well. Nissan has taken full ownership of the e.dams team, the ABT team is back with the help of Cupra after missing last year due to ending their relationship with Audi, DS has cut ties with Techeetah and partnered with Penske instead, and Maserati has taken over the ROKiT Venturi team in their first return to racing as a constructor since the 1950s.
Several drivers have shifted teams or departed the series (including veteran and longtime EV advocate Alexander Sims, who we’re sad to see go). But we want to focus on the two new drivers: Sacha Fenestraz and Jake Hughes.
Fenestraz participated in the very last race of last season (taking over for Giovinazzi after a hand injury), so he’s essentially a rookie this year. He’s a French former Formula Renault Eurocup champion and has been a Formula E reserve driver for Jaguar for the last few seasons.
Hughes has raced in several series, and is a former champion of the BRDC Formula 4, now known as the GB3 championship, which is the top single-seater racing category in Britain, where Hughes hails from. He served as a reserve and development driver for Mercedes’ team for the last two seasons and will start racing this weekend, with McLaren.
The racing starts on Saturday January 14 at 2:00 pm local Mexico City time, which is noon Pacific Time, 3:00 pm Eastern and 8:00 pm UTC. The race will be aired on CBS Sports Network in the United States (though it looks like it will be shown delayed at 11:30 pm Eastern). Practice sessions will be streamed on YouTube.
If you’re not in the United States, you can check the Formula E website for ways to watch in your country. If you can’t find a way to watch the race live, Formula E usually uploads race highlights to their youtube channel within days, though we don’t know whether they’ll be posting full races on there as this seems to change season to season.
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Tesla has officially launched the Model YL, a new, larger Model Y with 6 seats, in China, and it starts at 339,000 Chinese Yuan, the equivalent of about $47,000 USD.
After a few weeks of teasing, Tesla has officially launched the new version of the Model Y on its online configurator in China:
The main things we didn’t know about the vehicle yet were the price and range. Those questions are now answered.
The Model YL starts at ¥339,000, equivalent to approximately $47,000 USD. It’s about $3,600 USD more expensive than the Model Y Long Range AWD in China.
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It is rated with a range of 751 km (466 miles) based on the CLTC driving cycle, which typically yields a longer range than the WLTP and EPA standards.
For comparison, the larger version achieves roughly the same range as the smaller Model Y Long Range AWD, thanks to its larger battery pack.
Tesla has released new images of the new version of the Model Y:
Last month, the first specifications and dimensions were released, confirming a length of approximately 180mm (7 inches) longer, a height of about 24mm (1 inch) taller, and a wheelbase that is also 150mm (or approximately 6 inches) longer.
Now, Tesla has confirmed a few more features, including up to 2,539 liters of storage space and electric armrests in the second-row seats.
The automaker is guiding deliveries in September.
Electrek’s Take
The price is reasonable in comparison to Tesla’s current lineup, making the upgrade relatively affordable.
However, it is a lot more expensive than other 6-seater all-electric SUV options in China, such as the Onvo L90, which is about $8,000 cheaper.
I’m curious to see how it will be priced in North America, where I think it would be much more popular than in China.
Tesla needs to go downmarket to access a bigger market in China – not upmarket, but the new option is still a positive for the automaker.
If the pricing matches the one in China, it shouldn’t be much more than $51,000 in the US, which I think would make it a popular option.
However, I think it would be the end of the Model X.
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Startups with little more than a pitch deck are raising hundreds of millions. Valuations have become “insane.” Capital is chasing a “kernel of truth” with feverish speed.
The OpenAI CEO still believes the long-term societal upside of AI will outweigh the froth, and he’s ready to keep spending in pursuit of that goal.
“Are we in a phase where investors as a whole are overexcited about AI? My opinion is yes,” he said at a recent dinner with reporters. “Is AI the most important thing to happen in a very long time? My opinion is also yes.”
He repeated the word ‘bubble‘ three times in 15 seconds, then half-joked, “I’m sure someone’s gonna write some sensational headline about that. I wish you wouldn’t, but that’s fine.”
While Altman warned that valuations are now out of control, he’s ready to shell out on more infrastructure.
“You should expect OpenAI to spend trillions of dollars on datacenter construction in the not very distant future,” Altman said. “And you should expect a bunch of economists wringing their hands, saying, ‘This is so crazy, it’s so reckless,’ and we’ll just be like, ‘You know what? Let us do our thing.'”
OpenAI is already looking beyond Microsoft Azure’s cloud capacity, and is shopping around for more.
The company signed a deal with Google Cloud this spring and, according to Altman, OpenAI is “beyond the compute demand” of what any one hyperscaler can offer.
“You should expect us to take as much compute as we can,” he added. “Our bet is, our demand is going to keep growing, our training needs are going to keep going, and we will spend maybe more aggressively than any company who’s ever spent on anything ahead of progress, because we just have this very deep belief in what we’re seeing.”
It’s not just OpenAI. All the megacaps are trying to keep up.
In their most recent earnings, tech’s biggest names all raised capital expenditure guidance to keep pace with AI demand: Microsoft is now targeting $120 billion in full-year capital expenditures, Amazon is topping $100 billion, Alphabet raised its forecast to $85 billion, and Meta lifted the high end of its capex range to $72 billion.
Wedbush’s Dan Ives said Monday on CNBC’s “Closing Bell” that demand for AI infrastructure has grown 30% to 40% in the last months, calling the capex surge a validation moment for the sector.
Ives acknowledged “some froth” in parts of the market, but said the AI revolution with autonomous is only starting to play out and we are in the “second inning of a nine-inning game.”
“The actual impact over the medium and long term is actually being underestimated,” he said.
Citi’s Rob Rowe, speaking Monday on CNBC’s “Money Movers,” pushed back on comparisons between today’s AI boom and the dotcom bubble.
“Back then, you had a lot of over-leveraged situations. You didn’t have a lot of companies that had earnings,” Rowe said. “Here you’re talking about companies that have very solid earnings, very strong cash flow, and they’re funding a lot of this growth through that cash flow. So in many respects, it’s a little different than that.”
He added that the current wave of AI investment is being driven by structural shifts in the global economy, particularly the rapid growth of digital services, which now account for a large share of global exports. Also unlike the dotcom cycle of the late 90s, companies today are funding their infrastructure spending with strong cash flow rather than relying on debt.
Still, concerns about overheating have been mounting.
Alibaba co-founder Joe Tsai pointed to worrying signs in the AI sector well before the hyperscalers raised their annual capex guidance during the latest earnings prints.
In March, he warned of a brewing AI bubble in the U.S.
Speaking at HSBC’s Global Investment Summit in Hong Kong, Tsai said he was astounded by the scale of datacenter spending under discussion. Tsai questioned whether hundreds of billions in spending is necessary, and flagged concern about companies starting to build datacenters “on spec,” without clear demand.
Altman, for his part, sees these cycles as part of the natural rhythm of technological progress.
The dotcom crash wiped out scores of companies, but still gave rise to the modern internet. He expects AI to follow a similar path: a few high-profile wipeouts, followed by a lasting transformation.
“I do think some investors are likely to get very burnt here, and that sucks. And I don’t want to minimize that,” he said. “But on the whole, it is my belief that… the value created by AI for society will be tremendous.”
Waymo founder and former CEO John Krafcik is a critic of Tesla’s approach to self-driving, and he has so far accurately predicted the rollout of the “Robotaxi” service.
He is now taking another dig at Tesla.
Krafcik is a highly respected leader in the auto industry. He began his career as a mechanical engineer at the NUMMI plant, which was then a joint GM-Toyota factory, but is now owned by Tesla.
He spent 14 years at Ford, where he was chief engineer of the Ford Expedition and Lincoln Navigator, a very successful vehicle program. He then moved to Hyundai America, where he served as President for five years.
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However, Krafcik is best known for leading Waymo from 2015 to 2021, helping it become the consensus leader in self-driving technology.
There’s a Tesla employee in the front seat of every “Robotaxi” in the fleet, which is only about a dozen vehicles, based on crowdsource data, which is the only data available, as Tesla doesn’t release any.
Those supervisors in the front seat have their fingers on a kill switch ready to stop the vehicle at all times, and there are many examples of them intervening to prevent accidents or traffic violations.
In new comments (via Business Insider), Krafcik makes it clear that he doesn’t consider this to be a “robotaxi” service:
“Please let me know when Tesla launches a robotaxi — I’m still waiting. It’s (rather obviously) not a robotaxi if there’s an employee inside the car.”
More recently, Tesla expanded its “Robotaxi” service area to the Bay Area in California, but it again has an employee in the car, this time in the driver’s seat.
Krafcik commented:
“If they were striving to re-create today’s Bay Area Uber experience, looks like they’ve absolutely nailed it.”
He continued:
“I think the AV industry would be delighted if Tesla followed Waymo’s approach to launch a robotaxi service, but they are not doing that.”
Furthermore, Tesla has been limiting access to “invite-only” and the invites have been primarily going to Tesla influencers and investors who are rarely critical of the company.
CEO Elon Musk has been discussing “opening up” the service in Austin to the public next month, but it appears that Tesla will need to retain the in-car supervisor for the foreseeable future.
Electrek’s Take
It must be a bit frustrating for Waymo, which has deployed an actual robotaxi service for years, to see Tesla calling this a robotaxi.
When Waymo was using in-car “safety drivers’, it didn’t call its service “robotaxi.” It was obviously in the testing phase.
If Tesla were to remove the safety drivers, which I suggest they don’t, based on the current disengagement rate of FSD and the interventions we have seen from supervisors in the currently minimal “Robotaxi” service in Austin, it would officially be about 5 years behind Waymo.
The argument that Tesla will magically scale faster because they don’t use lidar should be retired, as the goal should be the safest, not the fastest, at scaling.
And when it comes to scaling, Tesla’s current bottleneck is safety. It needs to be safe enough to remove the safety supervisor, and it’s clearly not there yet.
I really don’t like Tesla’s approach. It seems to be more about optics than adopting a safe and transparent approach.
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