<keyword id="12952883" type="General" weightage="20" keywordseo="Ignitron-Motocorp" source="Orion">Ignitron Motocorp</keyword>, a new electric vehicle start-up, on Friday unveiled its third electric sports bike '<keyword id="13050599" type="General" weightage="20" keywordseo="GT-120" source="Orion">GT 120</keyword>' in the Indian market. According to the company, GT 120 has been designed and built indigenously with a combination of pioneering design, intuitive/ AI-enabled technology and safety features. "With our complete range of products, we aim to cater to the vast needs of our enthusiast customers by providing an electrifying experience with uncompromised features and unmatched style. We believe our motorbikes will be a game changer in the electric mobility segment," Raghav Kalra, Founder, Ignitron Motocorp, said in a statement. The bike aims to offer a superior EV experience that not only redefines the identity for electric sports mobility but also comes with environment-friendly technology. The GT 120 comes with a 4.68 kWH Lithium-ion battery that can churn out a top speed of 125km/h with a range of 180 km. The bike offers features such as Geo locate/Geo fencing, battery status, USB charging, Bluetooth, Key less ignition (remote control) and digital cluster. The battery is fixed due to its size and weight, weather proof and touch-safe, provides a back up of 4-5 hours with 100 per cent charging and comes with 15 amp fast home charger. The bike delivers acceleration of 0-40 km/h in 2.5 seconds. It features three riding modes - Eco, Normal and Sport, each suiting the riding style and needs of the rider. The motorbike is also equipped with reverse mode and parking assist along with multiple sounds. It comes with Telescopic Forks up-front and a fully-adjustable mono shock at the rear to give an exclusive riding experience. SEE ALSO: <a href="https://www.businessinsider.in/business/auto/news/cost-of-owning-and-running-an-electric-scooter-vs-a-petrol-scooter/articleshow/89119184.cms">Here’s how much buying and owning an electric scooter costs in India versus a petrol scooter</a> <a href="https://www.businessinsider.in/business/auto/news/tork-motors-launches-news-ebikes-kratos-and-kratos-r-in-india/slidelist/89171224.cms">All you need to know about the latest Tork Motors e-bikes — KRATOS and KRATOS-R</a>

Ignitron Motocorp launches GT 120 electric sports bike in India

<ul class="summary-list"><li>The <keyword id="13534999" type="UNKNOWN" weightage="60" keywordseo="hyundai-ioniq-5" source="Orion">Hyundai Ioniq 5</keyword> just won MotorTrend's SUV of the Year award. </li><li>It's the first time an electric vehicle has won the prize.</li></ul>Promising an attractive mix of futuristic looks, 300-plus miles of range, and a roughly $40,000 price, <keyword id="12020233" type="UNKNOWN" weightage="60" keywordseo="hyundai" source="Orion">Hyundai</keyword>'s Ioniq 5 SUV became one of the most anticipated new <keyword id="6358835" type="UNKNOWN" weightage="60" keywordseo="electric-cars" source="Orion">electric cars</keyword> after its <a href="https://www.businessinsider.com/hyundai-ioniq-5-ev-suv-tesla-volkswagen-electric-range-evs-2021-2">reveal last year</a>.As it turns out, the Ioniq 5 lives up to the hype. It just became the first battery-powered car ever to <a href="https://www.motortrend.com/news/hyundai-ioniq-5-2023-suv-of-the-year/">win MotorTrend's SUV of the Year award</a>.The automotive outlet called it a "game-changing rethink of what an SUV can be," praising its unique design, ultra-fast charging ability, and bang for buck. And I tend to agree. Hyundai loaned me a $55,000 all-wheel-drive model earlier this year. Here are the five things I liked most about the <a href="https://www.businessinsider.com/tesla-model-y-vs-hyundai-ioniq-5-electric-suv-compared-2022-10">terrific Tesla rival</a>. <h2>Space-age looks</h2><div type="image" title="The 2022 Hyundai Ioniq 5." height="1623" width="2164" msid="90625808" hostid="261"></div>Not everyone will be completely sold on the Ioniq 5's looks, but there's no denying it'll turn some heads. You won't lose it in a parking lot, that's for sure. <div type="image" title="The 2022 Hyundai Ioniq 5." height="2000" width="3000" msid="90625811" hostid="261"></div>I, for one, love the sharp angles and overall sci-fi aesthetic. It's futuristic, but in a charmingly retro way — like if you asked someone in 1980 to imagine the car of tomorrow. The Ioniq's so-called "pixelated" headlights and taillights, made up of an array of little squares, look incredibly cool and unique in person. <h2>Ultra-fast charging</h2><div type="image" title="The 2022 Hyundai Ioniq 5 electric SUV." height="1477" width="1970" msid="90625814" hostid="261"></div>Charging can be one of the most daunting elements of electric-car ownership. Fortunately, when it comes to fueling up, the Hyundai Ioniq 5 soars above the pack. It's one of the very few EVs that can accommodate 350-kilowatt fast-charging, the most powerful form of charging that's available at <a href="https://www.businessinsider.com/ev-charging-stations-near-me-electric-car-charger-map-apps-2021-9">public stations</a>. Hyundai says an Ioniq 5 with a 10% charge can reach 80% in just 18 minutes. <div type="image" title="The 2022 Hyundai Ioniq 5." height="2000" width="3000" msid="90625818" hostid="261"></div>While an unseasonably frigid day dashed my hopes of confirming that claim (<a href="https://www.businessinsider.com/electric-car-polestar-2-cold-weather-driving-range-2022-1">cold stunts charging speeds</a>), I found the Hyundai still was able to add 180 miles of range (15% to 82%) in a relatively swift 33 minutes. Twenty percent to 80% happened in 28 minutes. <h2>Minivan spaciousness and comfort</h2><div type="image" title="The 2022 Hyundai Ioniq 5." height="2000" width="3000" msid="90625820" hostid="261"></div>"It feels like a minivan," one friend said when I had him sit shotgun in the Ioniq 5. While that's admittedly a little strong, the Hyundai does indeed feel way bigger on the inside than you'd expect from a compact SUV. Since Hyundai wasn't constrained by a big combustion engine or a bulky transmission, it was able to free up tons of space in the Ioniq's cabin. The distance between the Ioniq 5's front and rear wheels is greater than that of Hyundai's much-larger, three-row Palisade SUV. <div type="image" title="The 2022 Hyundai Ioniq 5." height="2000" width="3000" msid="90625823" hostid="261"></div>It has a completely flat floor, with spacious footwells and a <a href="https://www.businessinsider.com/hyundai-ioniq-5-ev-interior-feature-tesla-volkswagen-electric-vehicle-2021-2">giant spot for a backpack or purse</a> by the driver's feet. The center console can even slide backward to open up more floor space. A glass roof that comes on the top-end Limited model adds headroom and a sense of openness. <div type="image" title="The 2022 Hyundai Ioniq 5." height="2000" width="3000" msid="90625825" hostid="261"></div>Not only is the Ioniq 5 big inside, but it's also sleek, comfortable, and feels high-end. <h2>Quick, thrilling acceleration</h2><div type="image" title="The 2022 Hyundai Ioniq 5." height="1478" width="1971" msid="90625827" hostid="261"></div>By their nature, electric cars <a href="https://www.businessinsider.com/ev-first-drive-audi-e-tron-gt-electric-sedan-2021-5">leap from a stop</a> with an immediacy you won't find in most combustion-engine cars. The Ioniq 5 is no exception. The dual-motor, all-wheel-drive tester I had is rated at 320 horsepower and 446 pound-feet of torque. In Sport mode, it shoots forward with a force that's almost nauseating if you (like me) overdo it. According to Hyundai, the all-wheel-drive Ioniq 5 sprints to 60 mph in around five seconds.<div type="image" title="The 2022 Hyundai Ioniq 5." height="2024" width="3000" msid="90625830" hostid="261"></div>In the Eco and Normal settings, the SUV primarily uses the rear motor and feels more subdued. <h2>Handy head-up display</h2><div type="image" title="The 2022 Hyundai Ioniq 5." height="1875" width="2500" msid="90625832" hostid="261"></div>The Ioniq 5 is far from the only vehicle to have a <a href="https://www.businessinsider.com/mazda-3-turbo-hatchback-review-crossover-suvs-2022-3">head-up display</a> that projects important information onto the windshield in front of the driver. But that doesn't make it any less useful. Seeing my speed, cruise-control settings, and other key data right on the windshield meant I rarely had to take my eyes off the road. The head-up display even indicates if there's a car in the Ioniq's blind spot — an amazingly helpful feature more vehicles should offer.

The Hyundai Ioniq 5 just won MotorTrend's SUV of the Year. See the 5 things we liked best about the electric model when we tested it.

<ul><li>In the last few years, sustainability has become more than just a buzzword in the marketing and advertising world. It is now one of the biggest decision-making factors.</li><li>Consumers are asking for more transparency and expecting to see more concrete action from Indian brands.</li><li>E-commerce packaging, which comes in layers of plastic, bubble wrap, tape, air packets, paper and cartons, have contributed a lot to India’s plastic waste.</li><li><keyword id="5900102" type="PERSON" weightage="20" keywordseo="mahesh-pratap-singh">Mahesh Pratap Singh</keyword>, Head of <keyword id="11840132" type="UNKNOWN" weightage="20" keywordseo="sustainability-and-social-responsibility">Sustainability and Social Responsibility</keyword>, <keyword id="6354742" type="COMPANY" weightage="20" keywordseo="Flipkart">Flipkart</keyword> talks to us about embracing sustainability across multiple departments within an organisation, finding an organisation’s true purpose and how it is adopting zero waste practices.</li></ul>After the emergence of social media, consumers across the world have started demanding that brands do more than just sell their products. They are demanding more sustainable products, faster service and less <keyword id="1820144" type="PERSON" weightage="20" keywordseo="plastic-pollution">plastic pollution</keyword>. Indian companies have responded by onboarding a dedicated full-time resources to prioritise sustainability and social responsibility, developing purposeful strategies and even by embedding sustainability and purpose into their overall B2C communication. However, due to COVID-19 and the resultant global demand for safe disposable solutions, the issue of plastic pollution has compounded. One of the least studied and underreported generators of plastic are e-commerce companies. E-commerce packaging often comes in layers of plastic, bubble wrap, tape, air packets, paper and cartons and it has contributed a lot to India’s landfill waste. It has to be bulkier than usual to protect the product throughout the journey to avoid any damage. With the festive season upon us, e-commerce packaging is at an all-time high. Earlier this month, e-commerce giant Flipkart announced that it has eliminated all single-use plastic packaging used across its fulfillment centres in India. On the logistics front, Flipkart currently operates close to 1000 electric 3-wheelers and 2-wheelers and aims to completely transition to electric vehicles by 2030. We spoke to Mahesh Pratap Singh, Head of Sustainability and Social Responsibility, Flipkart to find out how the home-grown company is working towards substantially reducing its carbon footprint to help build a greener future. He further shared how Flipkart is in process of creating a consolidated sustainability policy. Excerpts: <cmsannotation type="cmsannotation" annotationid="Q. The COVID-19 pandemic has added a safety dimension to sustainability that consumers and organizations must now balance. Many organisations have switched to one-time plastic use to ensure their consumers' safety. With this, sustainability is kept on the backburner. Has it been challenging for you to achieve 100% single-use plastic elimination?" text="Q. The COVID-19 pandemic has added a safety dimension to sustainability that consumers and organizations must now balance. Many organisations have switched to one-time plastic use to ensure their consumers' safety. With this, sustainability is kept on the backburner. Has it been challenging for you to achieve 100% single-use plastic elimination?">Q. The COVID-19 pandemic has added a safety dimension to sustainability that consumers and organizations must now balance. Many organisations have switched to one-time plastic use to ensure their consumers' safety. With this, sustainability is kept on the backburner. Has it been challenging for you to achieve 100% single-use plastic elimination?</cmsannotation> Sustainability by definition is to understand and meaningfully adapt to the world around while keeping a systems view of the future. The pandemic has only further strengthened our resolve to ensure that as a company we continue to evolve in the most sustainable manner possible to ensure long term trust and value for all our communities. Flipkart has been very meticulously driving its sustainability initiatives across electrification of its fleet, waste management and increasing the use of renewable energy and elimination of single-use plastic. In line with this, we doubled down on our sustainability initiatives and made a pledge to eliminate single-use plastic packaging from our own supply chain, which we achieved last month (July 2021). In our journey, we have been incorporating the circularity approach of 5R’s (Reduce|Reuse|Recycle|Refurbish|Regenerate) where possible. Throughout our warehouses and logistics operations we have been implementing packaging optimization and creating national standards on packaging materials to reduce waste in our supply chain, promote reusable and recyclable materials, and work with close to 70 brands on removing additional layers of packaging. We have also partnered with Canopy on their Pack4Good initiative to promote the use of forestry certified and responsibly managed pulp and paper across our packaging initiatives. In addition to this, we have also filed for patents for 2 ply wrap, which is a replacement for bubble wrap) and for security paper bags made from virgin Kraft paper. <cmsannotation type="cmsannotation" annotationid="Q. Is sustainability an immediate focus today at Flipkart? Why is sustainability becoming an important component of your strategic thinking?" text="Q. Is sustainability an immediate focus today at Flipkart? Why is sustainability becoming an important component of your strategic thinking?">Q. Is sustainability an immediate focus today at Flipkart? Why is sustainability becoming an important component of your strategic thinking?</cmsannotation> To answer this simply, yes. At Flipkart, we believe in ensuring that we continue to democratize all aspects of the business we are in, and sustainability is no exception. With e-commerce becoming an important part of our lives to meet our evolving requirements, instilling the principles of sustainability into our business operations is imperative. Given the uncertainty that the world is currently facing, as a business the more we have incorporated sustainability it has resulted in business constructs that ensure innovation, affordability, availability and long-term success and value for the entire business. The last one and a half years under the shadows of the pandemic brought in a different side of businesses where they have stepped up to take care of not just their own but the entire ecosystem. This has been an encouraging shift where sustainability conversations are no longer just powered by individual actions and passion projects but have the support of the entire leadership structure. As companies relate business continuity with sustainability principles, the shift towards incorporating sustainability as an intrinsic part of the corporate strategy is great to observe. <cmsannotation type="cmsannotation" annotationid="Q. Please tell us more about your larger sustainability plan. Where did you start and how did you get to where you are now?" text="Q. Please tell us more about your larger sustainability plan. Where did you start and how did you get to where you are now?">Q. Please tell us more about your larger sustainability plan. Where did you start and how did you get to where you are now?</cmsannotation> As we look at creating a responsible value chain, some of the initiatives currently being implemented are: Packaging: We have eliminated single-use plastic in packaging arising from our warehouses and currently 100% of shipments from Flipkart's own warehouses use alternative materials for the outer layer of packaging. We are also working with our sellers to influence and help them reduce reliance on single-use plastics for their packaging needs in instances where sellers make their own packaging decisions. As we move forward, we are also working with brands that sell on Flipkart on reinforcing the primary packaging to be storing enough to withstand e-commerce logistics thereby eliminating the need for a secondary layer altogether. Our ambition is to take this project to 40% of our packaging by 2023. We continue to pilot and scale a range of different solutions to fit all our shipping requirements in order to reduce our downstream carbon footprint. As we look for alternative materials, we are also ensuring that we do not create an adverse impact on the forestry landscape and only source from responsibly managed forests. Mobility: In 2020, we signed up for the EV100 commitment to completely transition to electric vehicles in our logistics fleet by 2030 and introduce 25,000 EVs in our delivery fleet. In less than a year of this commitment, we currently operate close to 1000 electric 3-wheelers and 2-wheelers in our last-mile fleet. Operations: As part of our extended producer's responsibility (EPR) across plastic waste and e-waste, we currently recycle 100% of the plastic being used at our warehouses and liquidate all our e-waste through certified Producer Responsibility Organizations (PROs). We also ensure the use of energy efficient lighting across our facilities and operate close to 30 ISO 14001 facilities. We are also working with all our facilities to ensure proper waste management and water management. Infrastructure: We currently have our entire energy load across 4 strategic facilities being met entirely by solar power and continue to set up rooftop solar across all facilities to reduce our reliance on fossil fuels for electricity generation. We are also ensuring that any new construction that Flipkart undertakes meets the Indian Green Building principles. Products &amp; Sourcing: As we look for opportunities across our value chain, we have also tried to ensure that the manner in which we source our products is also sustainable. We are now incorporating sustainable materials, recycled fabrics and responsibly sourced rayon and viscose for all our in-house brands. We are in the process of creating a consolidated sustainability policy and a defined approach to climate change mitigation which looks at innovation and technologies to reduce our environmental impact across the value chain. We are still far from done across the business but as we continue to partner across the sustainability community, the support we have received has been immense. We are hoping to continue our partnership in this manner. <cmsannotation type="cmsannotation" annotationid="Q. How are you ensuring that you get more Flipkart consumers to switch to eco-friendly practices?" text="Q. How are you ensuring that you get more Flipkart consumers to switch to eco-friendly practices?">Q. How are you ensuring that you get more Flipkart consumers to switch to eco-friendly practices?</cmsannotation> We have been working across our category teams to identify and onboard sustainable brands as part of the portfolio of products. We have identified close to 50 brands that are currently selling on the Flipkart platform and have sustainable attributes that we will be showcasing throughout the year. We believe that sustainability is a common goal, and it is important to develop a culture that encourages participation of stakeholders, including employees, and enables continuous learning and action towards achieving sustainability goals. Flipkart has been conducting a series of workshops and awareness activities, including webinars on adopting zero waste practices; upcycling and reusing old products; the importance of biodiversity, and more for thousands of our employees. These initiatives are also amplified on our respective social channels to extend the conversation to millions of our customers across the country. <cmsannotation type="cmsannotation" annotationid="Q. Tell us how Flipkart has improved its ecological footprint? What kind of changes are you bringing about to make your business more environmentally friendly, and why was this important?" text="Q. Tell us how Flipkart has improved its ecological footprint? What kind of changes are you bringing about to make your business more environmentally friendly, and why was this important?">Q. Tell us how Flipkart has improved its ecological footprint? What kind of changes are you bringing about to make your business more environmentally friendly, and why was this important?</cmsannotation> Flipkart performed its first greenhouse gas assessment in 2020 where we looked across the business to identify our footprint across our own operations and in our sourcing and supply chain. Through the exercise, we identified various aspects of our operations that we could take action on to make long-term sustainable choices. Our involvement in the EV100 program, WWF’s UnPlastic Collective as well as our recent partnership with Canopy are part of those efforts. As we move forward to the next phase of sustainability, we do see some exciting possibilities across the supply chain and moving forward with initiatives that empower and enable not just our own activities but also creating learning and sharing opportunities beyond. <cmsannotation type="cmsannotation" annotationid="Q. Brands play a huge role in bringing about change in society. How do you think brands can empower consumers to have eco-friendly choices around waste management?" text="Q. Brands play a huge role in bringing about change in society. How do you think brands can empower consumers to have eco-friendly choices around waste management?">Q. Brands play a huge role in bringing about change in society. How do you think brands can empower consumers to have eco-friendly choices around waste management?</cmsannotation> The Covid-19 pandemic has made us aware of the interconnected nature of the world we live in. It has exposed the dangers of a linear waste-making business model and underlined the importance of reducing our carbon footprint. The role of corporations in creating resilient and sustainable communities is vital. Data suggests that companies that manage their ESG (Environmental Social and Governance) goals well are outperforming other businesses. So, it is important for businesses to learn how to build resilience, prepare themselves for risks, and build resilience within the communities they work with. At Flipkart, environmental sustainability is deeply embedded in our DNA and we are committed to fostering sustainable practices across our business and value chain and lay deep emphasis on both environmental sustainability and social responsibility. We are also creating awareness about our sustainability initiatives both at industry and at customer level to ensure widespread conversations on the importance of sustainable means of living. <cmsannotation type="cmsannotation" annotationid="Q. Going ahead, what does your sustainability roadmap look like? Many companies have pledged to become carbon neutral by 2025, reduce waste of landfills, etc." text="Q. Going ahead, what does your sustainability roadmap look like? Many companies have pledged to become carbon neutral by 2025, reduce waste of landfills, etc.">Q. Going ahead, what does your sustainability roadmap look like? Many companies have pledged to become carbon neutral by 2025, reduce waste of landfills, etc.</cmsannotation> Moving forward, there are several milestones that we hope to achieve in our journey and are working with global experts to help us define what those should be. While we fully acknowledge that sustainability is an evolving topic we are proud of the support we have received across the organization. We have been very meticulously driving our sustainability initiatives across electrification of our fleet, reducing wastage and tapping renewable energy and elimination of single-use plastic. What started as a one-of-its-kind initiative for Flipkart a few years ago has transformed into an organisation-wide motive where multiple stakeholders both within and outside the org came together to build a sustainable supply chain. We are also working with our seller community and other stakeholders in the ecosystem to understand how it can best implement new innovations to bring sustainability in their operations. We have made tremendous progress in achieving its sustainability targets that are spread across various categories and will further our initiatives to offer the benefits of e-commerce to customers in a sustainable manner.

COVID-19 has exposed the dangers of a linear waste-making business model and underlined the importance of reducing our carbon footprint: Mahesh Singh, Flipkart

Greater Noida, Feb 5 () Homegrown auto major Mahindra &amp; Mahindra on Wednesday introduced electric variant of its compact SUV KUV100 at starting price of Rs 8.25 lakh (ex showroon Delhi post FAME benefits) at Auto Expo here. The company claims that electric KUV 100 (eKUV 100) is India's most affordable passenger electric vehicle in the segmen. eKUV100 offers peak power output of 40kW, torque of 120 Nm and a range of 147 km, ideal for city commuters. It comes with automatic transmission and could be fast charged to 80 per cent within 60 minutes. Besides, the company showcased e-XUV300, which is expected to hit the market in the second half of 2021 to strengthen its position in the EV segment. The company, part of USD 20.7 billion Mahindra group has also showcased Aton, a new age urban mobility solution and Funster, a roadster electric concept with convertible rooftop. "It is our firm belief that shared mobility would drive large scale adoption of electric vehicles and hence our product offerings would continue to redefine shared mobility space. We intend to offer widest range of vehicles to meet the needs of shared mobility, " said Mahindra &amp; Mahindra Managing Director Pawan Goenka here. He further said " affordability" is the guiding principle of the company in EV category. Speaking on e-KUV 100, he said it was an ideal vehicle for shared mobility and personal mobility. Sharing the details of e-KUV 100, Mahindra's Head of Electric Vehicle Development Ashish Malik said it would give the thrill of driving an SUV and eco-friendly feeling at the same time. " It comes with a city friendly motor of 15.9 KV, which is perfect for city commute. It delivers power of 40 kw and torque of 120 Nm. The range is almost 150 km," he said. It can be fast charged to 80 per cent in 55 minutes. "It comes with a liquid cool battery pack and also offers the convenience and comfort of auto transmission and many connected car features as pre cool and switch it off and on remotely or even digital connected features which would be revealed at the launch," said Malik. While talking about eXUV300, Goenka said, "it would be launched in the second half of 2021." The eXUV300 is powered by a powerful motor and a large battery capacity ensures a long range. It has a new futuristic design with new features, smart and premium interiors with blue highlights to accentuate the new character of this SUV. It has been built on a platform that has 5-star safety rating from GNCAP. According to Goenka, the company has invested around Rs 1,700 crore on development of electric vehicles which includes technology, infrastructure and products. "Right now we are investing another Rs 500 crore to set up a new R&amp;D centre at Bengaluru and a new capacity which we are setting at Pune," he said. Goenka further said shared mobility would be the driver of growth as it would be commercially viable. "I do believe that in EV in India the primary segment for drive the growth would be shared mobility. The reason is that the EV would be commercially viable. They have to be driven 150 to 200 km in a day which cannot happen in personal use mobility," he said adding " that is the reason Mahindra is focussing on shared mobility before we get into vehicle like eKUV 100 or eXUV 300." The company also has plans to launch Treo.4 of its first lithium battery based three-wheeler auto. "This will have everything locally manufactured except lithium cell," he said adding "it would be coming out very soon". On the future of electric three-wheelers, he said: I wouldn't be surprised if in 3 to 5 years 50 per cent three-wheelers sold in India are electric three-wheelers." While talking about Funster, Goenka said it was designed at the company's own design studio at Mumbai. Funster offers an output of 230 kW with a top speed of 200 kmph, clocking 0 to 100 kmph in 5 seconds. Mahindra has showcased 18 vehicles in the Auto Expo and has one of the widest displays of EVs by an Indian OEM here. KRH ANUANU

Mahindra launches eKUV100 priced at Rs 8.25 lakh

<ul class="summary-list"><li>The <keyword id="6526661" type="UNKNOWN" weightage="60" keywordseo="vision">Vision</keyword> <keyword id="9343994" type="UNKNOWN" weightage="60" keywordseo="avtr">AVTR</keyword> is a futuristic concept car from <keyword id="25952" type="CITY" weightage="60" keywordseo="Mercedes-Benz">Mercedes-Benz</keyword></li><li>The vehicle features no steering wheel, and instead is controlled by an interactive joystick.</li><li>It was inspired by the alien creatures and vehicles found in James Cameron's film "<keyword id="44111" type="CITY" weightage="60" keywordseo="Avatar">Avatar</keyword>."</li></ul>Following is a transcript of the <keyword id="21654" type="COMPANY" weightage="60" keywordseo="video">video</keyword>.Narrator: This here is the Vision AVTR, Mercedes' futuristic concept car inspired by the movie "Avatar." The car replaces multiple basic controls in the pursuit to be more connected to the driver, like switching out the steering wheel and pedals for an interactive joystick-like controller on the center console. Here's what it's like inside the symbiotic concept.Inside the AVTR, the car comes to life when the driver puts their hand on the central control pad. The device is used by drivers to accelerate, brake, and turn the car. The pad itself vibrates and pulsates like a heartbeat in order to mimic a living, breathing animal. Instead of a dashboard or infotainment screen, the front of the cabin features one giant curved display module that projects real-time footage of the road ahead. You can even choose for it to light up with 3D graphics of Pandora, the fictional world from the 2009 film "Avatar." In order to access the car's different features, take your hand off the center pad, and a menu of controls is projected onto your palm that you can cycle through with gestures.The car's body uses Mercedes' same one-bow design, like many of the automaker's other <keyword id="87931" type="PERSON" weightage="60" keywordseo="Concept-cars">concept cars</keyword>, but features a massive windshield and entirely transparent doors. This is a car you're gonna want to dress your best for. Its most distinct feature is the 33 bionic flaps on the rear of the car. These flaps move and light up in different colors to indicate when the vehicle is accelerating, braking, or turning.Despite being a show car, the AVTR is no slouch on the road. The all-electric concept features four motors, one at each wheel, that together make a combined 469 horsepower. Its battery also manages a total driving range of up to 435 miles. The car's spherical wheels combined with two independently moving axles allow it to crab-walk sideways at a 30-degree angle, both a neat party trick and potentially useful for certain driving situations that require squeezing through some very tight spaces.The AVTR's battery cell takes eco-friendly to another level. Unlike modern EV batteries made from toxic metals like lithium and cobalt, this concept's battery is graphene-based, making it recyclable through composting. The battery also has a high-energy density, making it capable of being fully charged in 15 minutes. It's good for the environment and convenient for drivers, but still requires a lot of research before this technology is applied to modern <keyword id="20632" type="ORGANIZATION" weightage="60" keywordseo="Cars">cars</keyword>. And while we don't expect anything close to this car in the near, or even distant future, some influencers got a chance to test-drive the concept earlier this year for the first time.

Futuristic Mercedes doesn't have a steering wheel

<ul><li>With <keyword id="6354947" type="UNKNOWN" weightage="20" keywordseo="bitcoin">Bitcoin</keyword>’s price dipping to below $30,000, <keyword id="107096" type="COMPANY" weightage="20" keywordseo="Tesla">Tesla</keyword> is now sitting on a loss of $90 million for the second quarter.</li><li>Due to ‘impairment’ costs, the Elon Musk-led company will have to show the loss even if Bitcoin’s price manages to recover before June 30.</li><li>This may also mean that Musk will inevitably have to sell off a portion of the company's Bitcoin holdings in the next quarter, provided prices pick up, in order to square off this quarter’s losses.</li></ul>Tesla may be sitting on a loss of $90 million with Bitcoin’s value dipping to below $30,000 on Wednesday. And, even if the <keyword id="6357017" type="DEFINITION" weightage="20" keywordseo="cryptocurrency">cryptocurrency</keyword>’s price manages to recover by the end of June, Tesla will still have to show the loss on its books. Tesla CEO <keyword id="6355315" type="UNKNOWN" weightage="20" keywordseo="elon-musk">Elon Musk</keyword> is known for shaking up the crypto world with his outburst on Twitter. He’s gone from loving <a href="https://wazirx.com/signup?invite=2kpah6gr&amp;utm_source=business-insider&amp;utm_medium=referral&amp;utm_campaign=microsite">Bitcoin</a> to endorsing Doge, and is now in the environmentalist camp raising concerns about the energy consumption of mining. <div type="ExtQuote" text="&quot;You just know it's a rather dry spell for Tesla when bitcoin is the dominant new story and dominant driver of investor discussion day in, day out.&quot;" auname="Morgan Stanley analyst told Business Insider"></div> His electric vehicle (EV) company, Tesla, has its own Bitcoin holdings — ones that are not personally held by Musk, but on the company’s balance sheets affecting its profit and loss. <div type="image" title="Bitcoin&amp;#39;s price over the last one year" msid="83774146" hostid="261" caption="&amp;lt;p&amp;gt;Bitcoin&amp;#39;s price over the last one year&amp;lt;/p&amp;gt;"></div> <cmsannotation type="cmsannotation" annotationid="How much Bitcoin does Tesla own?" comment="subhead" text="How much Bitcoin does Tesla own?">How much Bitcoin does Tesla own?</cmsannotation> The company’s <a href="https://www.sec.gov/Archives/edgar/data/1318605/000095017021000046/tsla-20210331.htm">earnings</a> for the first quarter show that Tesla’s Bitcoin holdings amounted to a sum total of $2.84 billion on March 31. At the time, the cryptocurrency’s price was around $59,000, which means Tesla owns an estimated 42,000 Bitcoins. So, when it bought these Bitcoins for $1.33 billion, they were valued at $31,620 a piece. This means that <a href="https://www.businessinsider.in/stock-market/news/teslas-bitcoin-holdings-grew-to-2-5-billion-in-the-1st-quarter-sec-filings-show/articleshow/82294696.cms">Tesla</a>, as of March 31, had total realized and unrealized gains exceeding $1.2 billion — a return of more than 80% on its investment within the span of <a href="https://www.businessinsider.in/tech/news/teslas-bitcoin-investment-reportedly-made-more-profit-this-year-than-car-sales-in-the-whole-of-2020/articleshow/81126186.cms">eleven weeks</a>. However, since Bitcoin’s price dipped to $28,814 on Wednesday, Tesla’s books will now reflect a loss of $90 million, provided Musk hasn’t already sold off its holdings. <table style="border-width: initial; border-style: none; table-layout: fixed; width: 468pt;"><colgroup></colgroup><col /><col /><col /><tbody><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Time </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Cumulative value </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Price/Bitcoin </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Value of Tesla’s Bitcoins on March 31 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">$2.48 billion </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">$59,000 </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Value of Tesla’s Bitcoins at time of purchase </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">$1.33 billion </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">$31,620 </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Value of Tesla’s Bitcoins at $28,814 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">$1.2 billion </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">$28,814 </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Estimated loss at the end of June </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">$90 million </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">- </td></tr></tbody></table>Source: Data from CoinMarketCap.com and the US Securities and Exchange Commission (SEC), Calculations done by BI India <cmsannotation type="cmsannotation" annotationid="Why won’t an increase in Bitcoin’s price help Tesla?" comment="subhead" text="Why won’t an increase in Bitcoin’s price help Tesla?">Why won’t an increase in Bitcoin’s price help Tesla?</cmsannotation> Normally realised losses or gains are only accounted for once <a href="https://wazirx.com/signup?invite=2kpah6gr&amp;utm_source=business-insider&amp;utm_medium=referral&amp;utm_campaign=microsite">Bitcoin</a> is sold, but it doesn’t work that way for companies. Accountants consider Bitcoin to be a ‘collectible’. This means any investments in the cryptocurrency are held at a cost. In Tesla’s case, Bitcoin is held at a cost of $27 million, which it calls 'impairment losses’. The company also doesn’t follow the ‘end of the quarter’ approach. It takes an impairment any time that Bitcoin’s price falls during the quarter. This means that even if Bitcoin’s price manages to climb back up, Tesla doesn’t just get to mark the value of its holdings back up. And, the only way it can register a gain is by actually selling the Bitcoin it holds. From an accounting point of view, $90 million is not a huge loss. But, it would be embarrassing for Musk’s influencer narrative. The <a href="https://www.businessinsider.in/cryptocurrency/news/elon-musks-bitcoin-obsession-may-be-why-tesla-is-going-through-a-dry-spell-morgan-stanley-analysts-say/articleshow/83577656.cms">impact of Bitcoin’s price drop</a> can already be seen in Tesla’s share price. <div type="image" title="tesla share price chart" msid="83774198" hostid="261" caption="&amp;lt;p&amp;gt;Tesla&amp;#39;s share price over the last six months&amp;lt;/p&amp;gt;"></div> A loss would also mean that Tesla will inevitably have to sell off a portion of its Bitcoin in the next quarter, provided prices pick up, in order to square off this quarter’s loss in its balance sheet. <cmsannotation type="cmsannotation" annotationid="It could snowball into a loss much bigger than $90 million" comment="subhead" text="It could snowball into a loss much bigger than $90 million">It could snowball into a loss much bigger than $90 million</cmsannotation> The $30,000 mark is a support threshold. If the cryptocurrency continues to dip below $30,000 on a regular basis, it will set up Bitcoin to test its December 2020 breakout level of $20,000. According to <a href="https://www.sec.gov/Archives/edgar/data/1318605/000095017021000046/tsla-20210331.htm">US-Bookies.com</a>, they’re an increasing possibility that Bitcoin could even fall to $10,000 this year — the kind of dip that people like <a href="https://www.businessinsider.in/cryptocurrency/news/jim-cramer-says-he-will-buy-bitcoin-again-if-it-falls-to-near-10000-a-day-after-saying-he-sold-nearly-all-his-holdings/articleshow/83754762.cms">Jim Cramer</a> are waiting for to buy Bitcoin again. When Bitcoin initially started falling in mid-May, Musk <a href="https://www.businessinsider.in/cryptocurrency/news/bitcoin-crashes-to-42000-after-elon-musk-tweet-storm-but-rebounds-after-he-clarifies-tesla-hasnt-sold-its-holdings/articleshow/82705281.cms">claimed</a> that the company had not sold any of its holdings. Despite his assurances, Bitcoin prices have continued to plummet given global regulatory concerns. Not even <a href="https://www.businessinsider.in/cryptocurrency/news/el-salvadors-bitcoin-experiment-is-gaining-momentum-even-if-the-world-bank-doesnt-want-to-lend-its-support/slidelist/83634654.cms">El Salvador</a> accepting Bitcoin as legal tender could keep the bull run going. And, now Tesla’s original holdings are worth far less than when Bitcoin was soaring at its height of $64,863 in mid-April. The inherent volatility of cryptocurrencies doesn’t make Tesla’s hard-to-predict earnings any easier to discern. <a href="https://forum.businessinsider.in/">For a more in-depth discussion, come on over to Business Insider Cryptosphere</a> — a forum where users can deep dive into all things crypto, engage in interesting discussions and stay ahead of the curve. SEE ALSO: <a href="https://www.businessinsider.in/cryptocurrency/news/investments-in-crypto-hit-17-billion-in-the-first-six-months-of-2021/articleshow/83740327.cms">Investments in crypto hit a new record of $17 billion, but Indian funds are yet to jump on the bandwagon</a> <a href="https://www.businessinsider.in/cryptocurrency/news/indian-cryptocurrency-exchange-wazirx-has-listed-shiba-inu-tokens-for-trading-in-indian-rupees/articleshow/82731429.cms">Chiacoin claims to be an eco-friendly cryptocurrency — here's how it works</a> <a href="https://www.businessinsider.in/cryptocurrency/news/here-is-why-a-ban-on-cryptocurrencies-may-not-be-even-possible/articleshow/82741310.cms">Is a ban on cryptocurrencies even possible?</a> <a href="https://www.businessinsider.in/cryptocurrency/news/latin-america-and-south-asia-show-two-ends-of-the-crypto-regulatory-spectrum/articleshow/83638437.cms">Even as Latin America embraces Bitcoin, Southeast Asia is clamping down on cryptocurrencies</a>

Bitcoin's dip to below $30,000 has Tesla sitting on a loss of $90 million even if the price recovers

<h2></h2><ul class="summary-list"><li><keyword id="11897862" type="UNKNOWN" weightage="60" keywordseo="elon-musk" source="Orion">Elon Musk</keyword> is expected to serve as temporary CEO of Twitter.</li><li>Musk amassed $7.14 billion in equity commitments toward the purchase of the social media platform.</li></ul>Elon Musk is expected to serve as temporary CEO of Twitter, according to<a href="https://www.cnbc.com/2022/05/05/elon-musk-expected-to-serve-as-temporary-twitter-ceo-after-deal-closes.html"> CNBC</a>. Musk amassed $7.14 billion in equity commitments toward the purchase of the social media platform, according to an <a href="https://www.sec.gov/Archives/edgar/data/0001494730/000110465922056055/tm2214608-1_sc13da.htm">SEC filing </a>on Thursday. New investors include Oracle co-founder Larry Ellison who will contribute $1 billion.In the filing, Musk stated he is open to receiving "additional financing commitments." Adding, should additional financial contributions be made, they "may replace portions of the financing commitments previously reported."The billionaire's bid to buy Twitter was accepted last month, ending a roller-coaster of back-and-forth interactions between the <keyword id="6358815" type="UNKNOWN" weightage="60" keywordseo="tech" source="Orion">tech</keyword> CEO and the social media giant.His defiance of the status quo, coupled with other key attributes, like his ability to sell his vision and solve problems in innovative ways, provides lessons for other <keyword id="11915157" type="UNKNOWN" weightage="60" keywordseo="ceos" source="Orion">CEOs</keyword>, <keyword id="11893566" type="UNKNOWN" weightage="60" keywordseo="leadership" source="Orion">leadership</keyword> experts said. At the same time, Musk's raw outspokenness and his abrasive way of treating people are cautionary tales of what not to do."This takeover is typical Elon," Anna Crowley Redding, author of "Elon Musk: A Mission to Save the World" said. "He likes skin in the game, whether it's financial, intellectual, time, he is all in." The CEO of <keyword id="11900744" type="UNKNOWN" weightage="60" keywordseo="tesla" source="Orion">Tesla</keyword> and <keyword id="11908743" type="UNKNOWN" weightage="60" keywordseo="spacex" source="Orion">SpaceX</keyword> <a href="https://twitter.com/elonmusk/status/1514564966564651008">tweeted</a> mid-April an SEC filing containing an unsolicited offer to buy Twitter for $43 billion, hinted at a tender offer in <a href="https://www.wsj.com/articles/elon-musk-could-make-a-tender-offer-for-twitter-what-does-that-mean-11650559395">a cryptic post</a>, then revealed in another <a href="https://www.sec.gov/Archives/edgar/data/1418091/000110465922048128/tm2213229d1_sc13da.htm">SEC filing</a> that he had lined up $46.5 billion to finance the deal. Twitter will be acquired by an entity wholly owned by Musk for $54.20 per share in cash, in a transaction valued at about $44 billion. The acceptance of the offer marks an about-face by Twitter from the initial lukewarm reception.Musk's Twitter takeover is his latest unorthodox move, and it's typical of how he operates. From reimagining the car industry and trying to colonize Mars to flouting government laws and tweeting whatever is on his mind despite market backlash, Musk shows complete disdain for convention in his personal and business interactions. According to Redding and other experts, Musk has been interested in improving the world of social media, so he decided to do it himself. "It's both shocking and classic Elon," David Yoffie, a leadership professor at Harvard Business School who's published research on Musk, said. "It reflects his extreme self-confidence that he can make businesses work where others fail." <div type="image" title="Tesla CEO Elon Musk speaks before unveiling the Model Y at the company's design studio in Hawthorne, Calif." height="3188" width="4782" msid="90867214" hostid="261"></div><h2>Lean into your vision </h2>Musk, 50, has an uncanny ability to get consumers, investors, and employees behind his mission, three leadership sources said. His secret is that he taps into people's yearning for inspiration — something the general public <a href="https://www.businessinsider.com/richard-edelman-highlights-key-takeaways-from-the-2022-trust-barometer-2022-1">is increasingly seeking</a> in its business leaders. Exhibit A: He was able to continuously secure billions in funding even though Tesla didn't report its first full-year profit until 2021, after 18 years in business. Exhibit B: He continues to garner global support for SpaceX despite <a href="https://www.space.com/every-spacex-starship-explosion-lessons-learned">numerous explosions</a>. He doesn't just sell companies, he sells answers to big problems weighing on humanity's future, Crowley Redding said. Tesla was his answer to weaning the world off gas, and he coupled eco-friendly transportation with luxury. SpaceX aims to secure humanity's future through space colonization — taking something typically thought of as a far-off, government-only task and making it a private venture, speeding up the mission in the process. Now he's promising a new era for free speech and connectivity. "Twitter has extraordinary potential," Musk said in a <a href="https://www.complex.com/life/elon-musk-offers-to-buy-twitter">letter</a> to the company's leadership. "I will unlock it." "He's an expert in defining the mission, communicating the mission, and getting your employees to buy into that mission," said Crowley Redding, who has researched Musk for four years. "You're not going to work for an Elon Musk company and sit back, come in, and clock in, clock out. You are going to work harder than you've ever worked in your whole life because the stakes are so high." The takeaway for CEOs and aspiring leaders is to tap into your vision, your purpose, and be clear to all stakeholders about it, said Vitaliy Katsenelson, the CEO of Denver-based investment firm IMA and author of the leadership book, "<a href="https://www.amazon.com/Soul-Game-Art-Meaningful-Life/dp/0857199072">Soul in the Game</a>." "Musk has soul in the game," Katsenelson, who also wrote "<a href="https://www.amazon.com/Tesla-Elon-Musk-Revolution-depth-ebook/dp/B08KTK5YCC">Tesla, Elon Musk and the EV Revolution,</a>" said. "You can see it and feel it. He puts his everything into what he's working on." Pouring your everything into your work is something leaders should copy from Musk, Katsenelson added. The tech visionary also convinces people to take the long-term bet on him, said Harvard's Yoffie, author of the leadership book, "<a href="https://www.amazon.com/Strategy-Rules-Timeless-Lessons-Gates/dp/0062373951">Strategy Rules</a>." "He is the most visionary CEO on the planet today," Yoffie said. "He's inspired enough confidence that he can ultimately do these incredible things. That's what gives capital markets the permission to go after these goals long term." <div type="image" title="Elon Mush holds a Tesla-branded hard hat." height="1980" width="3000" msid="90867217" hostid="261"></div><h2>Look at things from a different perspective</h2>In engineering and physics, there's a mode of thinking called "first-principles thinking," and Musk has <a href="https://medium.com/the-mission/elon-musks-3-step-first-principles-thinking-how-to-think-and-solve-difficult-problems-like-a-ba1e73a9f6c0">attributed it</a> to his success. First-principles thinking is essentially a consideration of how you would solve a given problem if you were an alien who's never seen or heard of the problem before. Pay no mind to how things have been done in the past, and reject every prior assumption so you can start fresh. Embracing this mindset has driven Musk's hiring decisions and what he demands of his workers. Imagine, for example, designing car-door handles one way your whole career and then being asked to come up with something <a href="https://insideevs.com/news/523577/tesla-ongoing-battle-door-handles/">completely different</a>. Then, feeling satisfied with your new design, you're told to scrap it and create a completely new one for the <a href="https://insideevs.com/news/523577/tesla-ongoing-battle-door-handles/">next model</a>. Such is life under the world's greatest visionary."He wanted people to say, 'Well, we've always done things this way because of X reason, but maybe we could do it another way if we disregard Y,'" Tim Higgins, author of "<a href="https://www.amazon.com/Power-Play-Tesla-Elon-Century-ebook/dp/B08MQ4KWWR">Power Play: Tesla, Elon Musk, and the Bet of the Century</a>," said. "It was sort of a startup mentality." <div type="image" title="Elon Musk smoking weed" height="852" width="1136" msid="90867219" hostid="261"></div><h2>Be authentic, but to a point </h2>Musk has done things most business leaders would get fired for, some more serious than others. He <a href="https://www.businessinsider.com/elon-musk-smokes-weed-on-joe-rogan-experience-podcast-2018-9">smoked weed</a> while taping a podcast with Joe Rogan, and that same year called a rescue diver in the 2018 Thai cave-rescue mission a "<a href="https://www.cnbc.com/2018/07/18/elon-musk-apologizes-to-british-cave-diver-followingbaseless-pedo-gu.html">pedo</a>," a slur for a pedophile (he later apologized). He also kicked off a legal battle with the Securities Exchange Commission after tweeting he had "funding secured" to take Tesla private at <a href="https://www.businessinsider.com/elon-musk-denies-his-420-stock-about-weed-wasnt-high-2018-8">$420 per share</a>, which Musk at one point said was a joke <a href="https://www.businessinsider.com/sec-says-elon-musks-420-price-point-was-a-weed-reference-2018-9">about weed</a>. In 2017, SpaceX put out a <a href="https://whnt.com/news/spacex-releases-fail-video-of-all-of-its-rocket-explosions/">compilation video</a> mocking its many rocket explosions and failures. "There are clearly things that he's doing that most people are not going to be able to get away with in their normal, day-to-day careers," Higgins said. What makes Musk so engaging — and bulletproof — is his authenticity, said Crowley Redding. Musk has built a reputation for being unapologetically himself, something few image-conscious CEOs can pull off. For instance, she noted how Musk's responses in interviews don't appear to be pre-written. She also noted that CEOs shouldn't replicate some of the more wild things Musk has said and done (like his recent <a href="https://twitter.com/elonmusk/status/1517707521343082496">tweet</a> comparing Microsoft co-founder Bill Gates to a pregnant man), but said it wouldn't hurt most executives to be a bit more off-the-cuff to seem more relatable. "CEOs often focus on projecting confidence and perfection and poise at the expense of identifying the problem they're trying to solve and working to solve the problem," Crowley Redding said. "Elon is unconcerned with people thinking he's perfect." <div type="image" title="Elon Musk Axel Springer Awards" height="3153" width="4730" msid="90867221" hostid="261"></div><h2>Know how and when to break the rules </h2>Musk is desperate to find answers to big problems, so he seeks the most innovative solutions. Many times, that means he breaks the rules or veers from convention — for better or worse — Crowley Redding said.While breaking the rules has been a driver of innovation at his companies, it's also led Musk to become ensnared in a number of messy, public legal battles. Musk currently faces <a href="https://www.politico.com/news/2022/04/12/sec-elon-musk-twitter-00024667">SEC</a> trouble over potential securities-law violations for filing notice of his ownership stake in Twitter later than required. In 2017, the <a href="https://www.theverge.com/2019/9/27/20887897/tesla-elon-musk-tweets-union-nlrb-illegal">National Labor Relations Board</a> found him guilty of breaking labor laws for his tweets threatening employees over unionization efforts. "He has a tendency to be reckless," Harvard Business School's Yoffie said. Musk also breaks some of the rules regarding how leaders should treat employees. "He has a very good eye for hiring talent, but the problem over time has been he doesn't always listen to that talent and he burns through them very quickly," Higgins said. "They leave either because they've given up on him, they've burned out on him, or he's burned out on them." There have been multiple <a href="https://thesuffolkpersonalinjurylawyer.com/injuries-unsafe-working-conditions-reported-tesla-factory/#:~:text=Others%20have%20told%20The%20Guardian,50%25%20decline%20in%20overtime%20hours.">reports</a> of stress- and exhaustion-driven injuries at Tesla and <a href="https://www.businessinsider.com/ex-tesla-employees-reveal-the-worst-parts-of-working-there-2019-9">rampant burnout</a>."The worst part is the toxicity that Elon creates — unrealistic stretch targets without a realistic plan in order to achieve them," one former manager who worked directly with Musk <a href="https://www.businessinsider.com/ex-tesla-employees-reveal-the-worst-parts-of-working-there-2019-9#the-toxic-environment-elon-musk-creates-1">previously told Insider</a>. "It's a culture in which, if you don't have a solution to a problem and you don't have that problem resolved within a few days or a week or two, you're gone." Yoffie likened Musk's leadership style to the late Apple founder and CEO Steve Jobs, who was said to have been <a href="https://www.businessinsider.com/steve-jobs-jerk-2011-10">unkind</a> to employees on multiple occasions. "Without question, he could be more empathetic," Yoffie said of Musk. "Like Jobs, Musk has done things that are characteristic of bad leadership, specifically treating people very poorly." Higgins, the author and Wall Street Journal reporter, agreed. "The question I think is, 'How long can Elon get away with some of this stuff?'"This article originally published on April 15.

What other CEOs can learn from Elon Musk's aggressive, unorthodox Twitter takeover

<div class="KonaFilter image-container display-table float_right"><div><div class="image on-image"><img src="https://static-ssl.businessinsider.com/image/56a7f13ddd089590108b467a-2900-2175/elon musk hk.jpg" alt="Elon Musk" data-mce-source="Reuters/Bobby Yip" data-mce-caption="Tesla Chief Executive Elon Musk stands on the podium as he attends a forum on startups in Hong Kong" />Reuters/Bobby YipTesla Chief Executive Elon Musk stands on a podium as he attends a forum on startups in Hong Kong</div></div></div>Elon Musk is betting there will be one city in the world that leads the way for the adoption of electric cars, and that city is not in the US. Hong Kong will become the top city for EV growth, <a href="https://www.youtube.com/watch?v=12FVtZh5SLs" target="_blank">Musk said at a Tesla event</a> in the city on Monday. "I actually think that Hong Kong will probably be the leading city in the world for electric cars," Musk said. "It's going to be really a leading light because I think it will actually have more EVs per capita than any other city."Musk has good reason to believe the city will become a beacon for sustainable transport. Between 2014 and 2015, the number of EVs registered in Hong Kong grew 270%, according to figures Musk cited. There are currently about 4,000 EV on the road in Hong Kong, and most of them are Teslas, Musk said. The company plans to bring its Model X to China during the second half of 2016 and aims to begin building some Tesla vehicles in China before 2020. During a <a href="https://www.youtube.com/watch?v=cklkWajRiiE" target="_blank">CNN interview on Monday</a>, Musk said that the company must begin <a href="http://www.techinsider.io/musk-says-tesla-cars-to-be-built-in-china-2016-1" target="_blank">building cars locally to become eligible for the government incentives</a>, which will ultimately help bring down the cost of it selling its cars in China. Because demand for eco-friendly cars is expected to grow so much in the region, Musk said Tesla will pioneer charging solutions in Hong Kong first before taking them to the rest of the world. One example Musk cited was figuring out how handle charging larger electric cars on the grid in China. <div class="KonaFilter image-container display-table"><div><div class="image on-image"><img src="https://static-ssl.businessinsider.com/image/56a7f13ddd089590108b467b-1743-1307/hong kong-6.jpg" alt="Hong Kong" data-mce-source="Flickr / Loïc Lagarde" data-link="https://www.flickr.com/photos/loic80l/13316613984/in/photolist-nf2aun-ncdJvQ-nbSzuQ-nd9iQ6-mXtrRt-mHs87x-mvGWb6-ms33z3-mhK8oQ-kPqB7W-kMq2jr-kL3Ck9-kDFjEM-k789Ru-jsmA4L-iLpRWm-iDfr6Q-ihZVbP-igt2FS-iayuxS-i4HTF2-hUFJwv-hTbK8e-hHAZQa-hEAUzP-hCTVG9-hAY4nm-hy44nQ-hwVcGQ-htytWv-hrFbFN-hmMnyg-h9UTof-h1rqMG-gXeqDC-gVQyb3-gSkLJW-gQF4tT-gNJxd6-gKGELJ-gxqMh4-gvEJ3v-gsTCi9-gnbQMh-gkt8rZ-g9KSSS-g1BmGq-fX4TxM-fTMRWQ-fPaHZE" /><a href="https://www.flickr.com/photos/loic80l/13316613984/in/photolist-nf2aun-ncdJvQ-nbSzuQ-nd9iQ6-mXtrRt-mHs87x-mvGWb6-ms33z3-mhK8oQ-kPqB7W-kMq2jr-kL3Ck9-kDFjEM-k789Ru-jsmA4L-iLpRWm-iDfr6Q-ihZVbP-igt2FS-iayuxS-i4HTF2-hUFJwv-hTbK8e-hHAZQa-hEAUzP-hCTVG9-hAY4nm-hy44nQ-hwVcGQ-htytWv-hrFbFN-hmMnyg-h9UTof-h1rqMG-gXeqDC-gVQyb3-gSkLJW-gQF4tT-gNJxd6-gKGELJ-gxqMh4-gvEJ3v-gsTCi9-gnbQMh-gkt8rZ-g9KSSS-g1BmGq-fX4TxM-fTMRWQ-fPaHZE">Flickr / Loïc Lagarde</a></div></div></div>There are currently 340 super chargers and 1,600 destination chargers in China. Musk said that the company plans to build a large service center in Hong Kong and will continue to expand its charging network in the region. Tesla will also continue to invest in new stores in the region. It currently has 15 stores in seven major Chinese cities and plans to open a new store in Macau by the end of 2016. <div class="margin-top"> <h3>NOW WATCH: <a href="http://www.businessinsider.com/tesla-summon-driverless-parking-garage-2016-1">Tesla's new driverless parking feature works in real life - and it's scary accurate</a></h3> <div> <div> <script src="http://player.ooyala.com/v3/6e12e8b3387a44daacfb73afba25a76e"></script> <div class="ooyala-video-player" data-video-autoplay="false" data-video-id="djMDc1MDE6oQizU_TFS7ghxCJAYnFlGA" data-player-variable="ooyalapopvideo" id="ooyalaplayer_popvideo" style="width:1280px;height:720px"></div> <script> if (typeof RunFunctions === 'undefined') { var RunFunctions = []; } RunFunctions.push(function() { var ooyalapopvideo = OO.Player.create('ooyalaplayer_popvideo', 'djMDc1MDE6oQizU_TFS7ghxCJAYnFlGA',{ autoplay: 'false' }); }); </script> <noscript><div>Please enable Javascript to watch this video</div></noscript></div> </div> <script>(function() { function createPlayer() { OO.ready(function() { RunFunctions.forEach(function(ooyalaFunction) { ooyalaFunction(); }); RunFunctions = [];}); } createPlayer(); }()); </script> </div>

Elon Musk says one unexpected city will lead the way with electric vehicles

<img class="gwt-Image" src="/photo/51207428.cms" /> 
Unless you’re living <a href="http://www.businessinsider.in/searchresult.cms?query=Hugh+Glass">Hugh Glass</a>’s life, you know what happened yesterday. <a href="http://www.businessinsider.in/searchresult.cms?query=Leonardo+DiCaprio+">Leonardo DiCaprio </a>finally took home his <a href="http://www.businessinsider.in/searchresult.cms?query=Oscar">Oscar</a> in the ‘Best Actor’ category after 22 years and and 6 nominations. 
 
Basically, this is what happened. 
<img class="gwt-Image" src="/photo/51207333.cms" /> 
<a href="http://pictoline.com/" target="_blank">Image Source</a> 
In case you live under a rock, here’s what he said in his historic acceptance speech. 
 
<iframe allowfullscreen="" frameborder="0" height="315" src="https://www.youtube.com/embed/JLJfjYaPkBI" width="560"></iframe> 
You heard him speak about <a href="http://www.businessinsider.in/searchresult.cms?query=climate+change">climate change</a>? This may come off as a surprise, but <a href="http://www.businessinsider.in/searchresult.cms?query=Leonardo+DiCaprio+">DiCaprio</a> has been an environmentalist, philanthropist and <keyword id="6368449" type="COMPANY" weightage="80" keywordseo="investor">investor</keyword> for quite a while, with a strong interest in startups that try to make the world greener. 
 
Here are some of his most interesting bets: 
 
Lab-made Diamonds 
<img class="gwt-Image" src="/photo/51207452.cms" /> 
<a href="http://www.businessinsider.in/searchresult.cms?query=Leonardo+DiCaprio+">DiCaprio</a>’s invested in <a href="https://www.diamondfoundry.com/">Diamond Foundry</a> back in 2008, which claims it can ‘manufacture’ diamonds in labs, weighing up to nine carats each. 
 
The gems are ‘grown’ in chemical reactors that can reach a scorching 8,000 degrees Celsius - hotter than the surface of the Sun. These are not murky, synthetic diamonds, but awesome white gems that are atomically identical to mined ones. This could rid the $100 billion diamond industry of cartels, human right violations, and child labor. 
 
Diamond Foundry has secured angel funding from Mark and Alison Pincus and Ev Williams, and former <a href="http://www.businessinsider.in/searchresult.cms?query=Facebook">Facebook</a> COO <a href="http://www.businessinsider.in/searchresult.cms?query=Owen+Van+Natta">Owen Van Natta</a>. 
 
Read more <a href="http://www.businessinsider.in/Leonardo-DiCaprio-just-invested-in-a-startup-that-claims-it-can-grow-real-diamonds-in-weeks-heres-the-science-behind-it/articleshow/49752918.cms">here</a>. 
 
Uber for trash 
<img class="gwt-Image" src="/photo/51207469.cms" /> 
<a href="http://techcrunch.com/2015/07/02/rubicon-global-hires-first-cto/">Image Source</a> 
<a href="http://www.businessinsider.in/searchresult.cms?query=Leonardo+DiCaprio+">DiCaprio</a> invested in an Atlanta-based garbage startup,. <a href="https://www.rubiconglobal.com/">Rubicon Global</a>,<a href="https://www.rubiconglobal.com/"> which</a> offers waste and recycling management services. 
 
The company uses software to manage a network of independent waste haulers that bid on picking up trash from business customers, with a focus on keeping trash out of landfills. Customers get lower bills, and help the environment as well. 
 
Basically, it’s Uber for thrash. 
 
An eco-friendly super car 
<img class="gwt-Image" src="/photo/51207502.cms" /> 
<a href="http://www.autoevolution.com/news/fisker-karma-hybrid-could-be-resurrected-as-the-2016-elux-karma-92610.html">Image Source</a> 
A superstar has to ride in style, but why harm the earth meanwhile? <a href="http://www.businessinsider.in/searchresult.cms?query=Leonardo+DiCaprio+">Leonardo</a> invested in <a href="http://www.karmaautomotive.com/">Fisker Technologies</a>, a green American sports car company that produced an eco-friendly car. 
 
It launched the <a href="http://www.businessinsider.in/searchresult.cms?query=Fisker+Karma">Fisker Karma</a>, one of the world’s first production plug-in hybrid luxury sports sedans. It turned heads at the 2008 Detroit Auto Show, and started deliveries from 2011. For a ‘mere’ $95,900 you could get the base model with a solar panel roof that recharges the car’s Lithium-Ion battery and runs the climate control system. How cool is that?! 
 
The company was bought by China’s Wanxiang Group in February 2014. 
 
Image credit: Indiatimes

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