Enjoy this video of the tank turn buttons on the new electric G-Wagen, won’t you?
Nilay Patel

Editor-in-Chief
Editor-in-Chief
More From Nilay Patel

The tech and the consumers both might not be quite ready yet, but he’s betting big on an AI future.
Hayes reads liberally from Josh Dzieza’s award-winning 2020 feature on Foxconn in Wisconsin in telling the story of how President Biden came to announce a Microsoft AI facility in Racine, of course.
But look, it’s not all bad: the good people of southeastern Wisconsin can still gaze upon Foxconn’s tiny dome, where it makes 3+3=∞.
A number of private equity firms are thinking about buying Peloton and taking it private, according to CNBC. That’s after the company’s bad quarter (and lack of strategy) led to both a 15 percent staff layoff and CEO Barry McCarthy stepping down. How will the PE vultures fix things? They have “zeroed in on cutting Peloton’s operating expenses,” of course. That’ll fix it, sure.
The big DOJ antitrust trial over Google Search revealed last week that Big G pays Apple $20 billion a year to be the default search on iOS. That’s over 20 percent of the “services” revenue Tim Cook loves to talk about on earnings calls, but hey, where is all that money on the balance sheet?
BI’s Peter Kafka found out: Apple categorizes it as “advertising.”
[Business Insider]

Polestar, now a more independent brand distinct from Volvo, is gearing up to deliver its most affordable cars yet.
On today’s Decoder, Verge transportation editor Andy Hawkins and I try to figure out Tesla. The company has been on a real rollercoaster these past two weeks — in terms of its stock price, its basic financials, and well, its vibes. With Elon Musk saying he’s going all in on autonomy and announcing a robotaxi event in August, it seems like we’re getting closer to a make-or-break moment for the company.
Between when we recorded this episode and today, there have been more than a half dozen new updates in the Tesla saga, including another wave of layoffs. That is a lot of chaos for a company that is trying to execute a huge pivot to become a very different kind of business than it is today — and do so very quickly. Like I said, Andy and I tried to explain Tesla. You let us know if we succeeded.

The all-EV future might not land in 2030, but it’s coming — and a new slate of challenges is coming with it.

