Tesla

I began the week in Miami, looking forward to what a friend of mine describes as ‘the finest sight in all Florida – the departure lounge’. That is a little unfair; a tour of Cape Canaveral is mind-blowing. But beyond that I confess I find the state brash and gaudy, a fitting place for Donald Trump’s retirement. If indeed the 45th President has retired. No one will be surprised if he runs again, nor if he is re-elected with the help of his Republican party which has been busy restricting voters’ rights and playing origami with constituency boundaries. I doubt he will win the popular vote, but nor does he

I loved the Ford Mustang Mach-E which I had on loan for four days. It was gorgeous to drive, and slightly saner than the Tesla Model 3 — in that some of the controls involve physical switches and buttons, rather than an on-screen interface. The only annoyance was a persistent whining noise. This came from my teenage daughter who endlessly delivered her strongly held opinion that a fat, 55-year-old advertising man shouldn’t be driving a Mustang. As I patiently explained, when you are a 55-year-old man, you don’t really buy a car for yourself, you buy it for your Jungian shadow-self. So whereas your real-life wife and children might not

Where do you want to go? China or India? I have always found India infinitely more fascinating — for a simple reason. If you ask Sinophiles about China, they always quote statistics; Indophiles tell you stories. It’s fine to know that China has built 24,000 miles of high-speed rail track, or that its GDP is growing at an annualised rate of 8.27 per cent, but it doesn’t make me want to visit. It’s like reading an article about the film industry in the Economist: informative, yes, but it doesn’t make you want to go to the cinema. The electric car market is trapped in a similar numerical morass. The more

Shops are boarded up. More than four million people are on furlough with little idea of whether they will have jobs to go back to. Global trade has hit levels last seen a decade ago, and government deficits are soaring, while most developed economies have seen output shrink by 10 per cent, a collapse not seen since the Great Depression of the 1930s. On just about every measure imaginable, the global economy has never been in worse shape, and we are all a lot poorer. And yet here is a puzzle. Why can’t we see any evidence for that in the financial markets? Instead we are witnessing a series of

Which is madder, bitcoin at $41,500 — oops, make that $31,000 on Monday — or Tesla shares at $880 apiece? Don’t get me started on the crypto-mania in which the Financial Conduct Authority has warned gamblers ‘they should be prepared to lose all their money’. But Tesla, relatively speaking, is a real thing: a California-based carmaker which has expanded the frontiers of the electric vehicle market that’s going to become huge in the next decade and could soon make carbon–fuelled road transport extinct. Put that way, it’s not so surprising — in tech stock terms — that investors should value Tesla higher than the rest of the US auto industry

Ford’s Kumar Galhotra once remarked that carmaking is 100,000 rational decisions in search of one emotional decision. You spend five years and billions of dollars perfecting the drive train, the suspension and the onboard software only for people to choose a car based on the number of cupholders or the fact that the satnav is voiced by James Earl Jones. I’m hardly immune to this myself. I recently decided I wanted a Tesla because it offers an ingenious function called dog mode. This is faintly absurd to begin with: it’s even more ridiculous when you consider that I don’t own a dog. Consumer capitalism is the Galapagos Islands of human

When I first heard Abba’s magnificent 1982 swansong ‘The Day Before You Came’, I’d never come across the Americanised use of the verb ‘make’, meaning ‘reach’. So the line ‘I must have made my desk around a quarter after nine’ baffled me. Given the Swedish obsession with self-assembly furniture, I even wondered whether Björn was using the word conventionally, and Ms Fältskog was in fact kneeling on the floor aligning Tab A with Groove C, while looking for the elusive Allen key with which to attach the castors. On the other hand, if you are British, the lyrics to the Beach Boys’ song ‘Little Deuce Coupe’ are like the poem