It was not exactly mourned by the types of auto hobbyists who read car magazines: If you'd ever driven a Versa rental car, you'd probably understand. It was a tiny thing even by subcompact standards, and not rich in features, style or horsepower. But what it was, was a relatively cheap and affordable new sedan you could purchase in the United States.
Tesla's domestic sales in China held steady in November with around 73,000 units delivered, but a closer look at the Model Y L's numbers hints at an emerging shift towards pricier variants that could very well be boosting average selling prices and margins. This suggests that the addition of the Model Y L to Tesla China's lineup will not result in a case of cannibalization, but a possible case of "premiumization" instead.
Apple delivered its best results ever in a July quarter, while Samsung achieved its strongest July-quarter growth on record. Demand for Apple's new iPhone 17 lineup was robust, with pre-orders surpassing those of the previous generation. At the same time, Samsung's Galaxy Z Fold 7 and Galaxy Z Flip 7 outperformed all earlier foldable models, creating renewed momentum for the foldables segment.
Daniel Currell's guest essay in The New York Times shows how Walt Disney World Resort has evolved from an accessible "all-American vacation" to a luxury experience targeting high-net-worth households. Wealthy visitors can pay for premium passes that let them bypass lines; one tech executive quoted in the article experienced 16 attractions in seven hours. Meanwhile, Scarlett Cressel, a bus driver who could not afford to pay for special ride reservations and other perks, managed nine attractions over 14 hours.
"Consumer interest in premium and super-premium products seems to fall into two camps: life-extending and life-affirming," he says. "Life-extending refers mostly to functional non-alcohol products that are purported to promote good health, such as probiotics and nootropics."