Ford recently unveiled the Mustang Cobra Jet 1400. It happens to be the first all-electric dragster prototype from Ford and is purpose-built to conquer the dragstrip. The last time we heard the words ‘Mustang’ and ‘electric’ in the same sentence was in the Mustang Mach-E, an electric Mustang with the body of a crossover.
Last year, we also got a glimpse of the Ford Mustang Lithium at SEMA. Built in collaboration with Webasto, the Mustang Lithium is packed with dual electric motors and dual power inverters to produce a mind-blowing 900 horsepower and 1,000 pound-feet of torque – all without burning a single drop of fuel in the process.
But the Mustang Cobra Jet 1400 is different. Yes, it has the body of a Mustang coupe, but the ‘Cobra Jet’ moniker pays homage to the original models from the 1960s. While the Lithium is an electric roadgoing version of the current Mustang, Ford intended the electric Cobra Jet 1400 to conquer the dragstrips like its forebearers.
“Ford has always used motorsport to demonstrate innovation,” said Dave Pericak, Global Director, Ford Icons. “Electric powertrains give us a completely new kind of performance, and the all-electric Cobra Jet 1400 prototype is one example of pushing new technology to the absolute limit.”
When it comes to dragsters, power is everything, and the Ford Mustang Cobra Jet 1400 has tons of it. According to Ford, the Cobra Jet is pushing 1,400 horsepower and 1,100 pound-feet of torque to the tarmac. With that much power, it has no problems crushing the quarter-mile run in less than 8 seconds at more than 170 mph.
“This project was a challenge for all of us at Ford Performance, but a challenge we loved jumping into,” said Mark Rushbrook, Global Director, Ford Performance Motorsports. “We saw the Cobra Jet 1400 project as an opportunity to start developing electric powertrains in a race car package.”
But Ford Performance was not alone in creating this vicious electric pony car. The American carmaker collaborated with Cascadia for the electric motors and inverters; AEM EV for the software controls; MLe Racecars for tuning and building the car; and Watson Engineering for the roll cage and chassis. “This has been a fantastic project to work on, and we hope the first of many coming from our team at Ford Performance Motorsports,” added Rushbrook.
The Mustang Cobra Jet 1400 is scheduled to officially debut later this year at a still-unnamed drag racing event. There was no mention of the motor setup, battery capacity, or range. Nevertheless, we can’t wait to see it in action.
Tesla Set To Deliver The First Semi To Pepsi
In October, Tesla’s CEO revealed that the production of the Tesla Semi had begun, and it was bound to be delivered today. Tesla has already started the countdown, and we expect the unveiling event to go down at the Nevada factory. The electric truck will be dispatched to Pepsi, which had ordered 100 units. Investor reports that Tesla’s stock price increased by 7.7% on Wednesday, probably in anticipation of Tesla’s Semi first delivery.
Musk tweeted on Saturday that the “Tesla team just completed a 500-mile drive with a Tesla Semi weighing in at 81,000 lbs!” However, considering that Musk said that the company is dealing with supply chain issues and market inflation, it’s unclear if Tesla will stick to the original $180,000 price it intended to sell at when it was announced in 2017. Then again, Tesla offers a cheaper Semi that will be available for about $150,000 — but it can only achieve up to 300 miles at full load capacity. For now, we can only wait until it’s on the road to confirm if the specs match up to what was promised five years ago.
Coinbase Joins Elon Musk In Slamming The Apple App Store Tax
Coinbase complained that Apple’s insistence on its cut unreasonably interfered with its business.
Coinbase’s argument was largely the same as Elon Musk’s, and the basis of Epic Games’ aforementioned lawsuit. According to all of the above, Apple was half of a duopoly: with Google, it controlled the global app marketplace. The “duopoly” part of the argument is pretty much incontrovertible: As of October 2022, both Apple and Google control 99.43% of the global smartphone market between them (via StatCounter). Both get a 30% cut of everyone’s action on its marketplace. From the perspective of Coinbase, that took too much money out of too many elements of its business.
You might have noticed you can’t send NFTs on Coinbase Wallet iOS anymore. This is because Apple blocked our last app release until we disabled the feature. 🧵
— Coinbase Wallet (@CoinbaseWallet) December 1, 2022
Epic sued over that and, as noted above, won with an asterisk. Apple had restricted in-app purchases, and courts found that anticompetitive, but did require that Apple get a 30% cut of the profits, even though they took place in someone else’s app. In short, according to the Verge, the court said that if you’ve found a way to make money using iOS, you owe Apple 30%, period.
Epic thought in-app purchases should be exempted from the tax. Coinbase thinks elements of the NFT development process — in this case, gas prices to run the processing equipment necessary to mint NFTs — should be exempt from Apple’s app tax. Apple treats all user expenses on an app as in-app purchases and, per the Epic court decision, in-app purchases mean Apple gets a cut.
It’s not a simple problem, and it’s not likely to be solved anytime soon. Stakeholders and regulators have barely begun to integrate cryptocurrency and NFTs into the conventional marketplace. Who gets paid for what is likely to be a conversation for years on end. For now, all that’s certain is that conversation has begun.
LastPass Security Breach Exposed Some Customer Data, But Details Are Still Slim
LastPass’ new blogpost continues to be vague about the nature of the latest security incident that has affected the platform. What it does reveal, however, is that the company recently detected yet another incident of “unusual activity” within a third-party cloud storage service connected to LastPass. LastPass stopped short of revealing details surrounding the affected third-party cloud service. However, TechCrunch has hinted at the possibility of the cloud service being AWS. For those unaware, starting in 2020, LastPass began using AWS (Amazon Web Services) to store more than a billion customer records on Amazon’s cloud.
We recently detected unusual activity within a third-party cloud storage service, which is currently shared by both LastPass and its affiliate GoTo. Customer passwords remain safely encrypted due to LastPassâ€™s Zero Knowledge architecture. More info: https://t.co/xk2vKa7icq pic.twitter.com/ynuGVwiZcK
— LastPass (@LastPass) November 30, 2022
LastPass goes on to add that the security incident prompted an immediate internal investigation, following which they ascertained that the threat actor was able to access “certain elements” of LastPass’ customer information. Interestingly, LastPass has also confirmed that the unauthorized party used data from the August 2022 incident to gain access to LastPass’ systems.
While LastPass hasn’t revealed the exact nature of customer information that has been breached, they maintain that customers’ passwords have not been affected. LastPass also said it had engaged the services of Mandiant — a leading security firm — to help them with the investigation. The company has also notified law enforcement agencies about the same. The company has promised to share more updates surrounding the latest incident after they conclude an internal investigation.
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