It seems the legend of the “New Roaring 20s” continues, with a short squeeze of historical proportions dominating headlines after one of the most eventful weeks on Wall Street since the Crash of 2008. Now that I’ve glossed over that, all things considered, the world of cars had a pretty busy week too.

Tesla Posts Profits for All of 2020, Releases New Model S

Now is a great time to be Elon Musk, who recently took the helm as the richest man in the world. Sure, the occasional SEC investigation due to a few stray tweets may be a hamper on a good mood, but Tesla posted its first full-year of profitability for 2020. Not only that, but industry analysts expect Tesla to boost deliveries by nearly 50 percent from the nearly 500,000 vehicles it delivered last year.

Adding even more to the good news is the reveal of the revised 2021 Model S. Outside, not much has changed since last year besides new standard black trim and updated wheel options. However, the inside has been completely revamped with additions including but not limited to: a steering yoke (not technically a yoke since it doesn’t operate by moving in and out, but come on—it looks like it was plucked out of a Lambda-class Imperial Shuttle), new screens for the front and rear, redesigned rear seats, and new drivetrain + battery setups. Tesla claims the souped-up, speed-focused Plaid version of the car will reach about 390 miles on a single charge, while the Long Range model will go 412 miles. Such a minute difference in maximum range is overshadowed by the difference in 0-60 mph times between the two. The Long Range will hit 60 in 3.1 seconds (which is… blistering), but the Plaid will shave more than a second off at 1.99 seconds (with rollout subtracted). Quite a stretch to get under the 2 second mark, but very impressive nonetheless.

The 2021 Model S is expected to start shipping in March, according to Tesla.

BMW Launches M5 CS, Their Most Powerful Production Car Ever

To the chagrin of Audi sales executives, BMW decided to stick with a more conventional design for their kidney grille (looking at you, M3 and M4…) on their latest addition to the M-lineup: the 2022 M5 CS.

At 627-hp, it is the most powerful car the Munich-based company has ever released. BMW claims it will reach 60 mph in under 3 seconds and will top out at a governed 190 mph—because BMW gonna BMW. Be ready to gather all your fun coupons too, because the M5 CS will start at $142,995, a full $30,000 beyond the regular M5 with the Competition package. Youch.

GM Announces They Will Go All Electric Starting in 2035

General Motors announced on Thursday their plans to become carbon neutral in their US factories by 2030, and for whole company to reach the same milestone by 2040. Even more, they declared their plans to completely phase out sales of gasoline and diesel-powered vehicles by 2035. With the reveal of the 2022 GMC Hummer EV fresh in the rearview-mirror, it’s clear that GM is not playing around in the EV-market anymore and will likely follow through with their goals. Even if their 2035 deadline gets delayed in the future, the internal-combustion engine, for commercial use in vehicles, is entering the twilight of its life.

The Week Ahead…

Over the next few weeks, we’re expecting to see full reveals on the new Blackwing-lineup from Cadillac and the 2022 Ford Raptor. Keep in mind that news on the Ferrari Purosangue, Lexus LC F, Porsche Macan EV, and Aston Martin Vanquish is expected soon as well, with no official news to report as of yet.

See you next Sunday!