Cadillac’s Electric Push Includes the Opulent Velocity Concept
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Cadillac’s Electric Push Includes the Opulent Velocity Concept

By Jim Motavalli
Mon, Apr 1, 2024 7:00amGrey Clock 3 min

Though General Motors overall has shown some ambivalence about the pace of electric vehicle introductions—first canceling the entry-level Bolt, then reinstating it last year (though for an undisclosed date)—Cadillac is all in.

To prove it, the company is introducing a full range of new plug-in models in top-to-bottom market segments. Luxury is definitely covered. GM sold just over 75,000 electric vehicles last year, up 93% from 2022. The Cadillac electric line currently includes the Lyriq (a luxury-minded SUV that starts at US$57,195); Escalade IQ (a very fancy three-row that, later this year, will start at US$130,000); Celestiq (an ultra-luxurious limited-edition sedan, starting at US$350,000); and Optiq (an entry-level electric SUV for 2025, slotted below the Lyriq), starting around US$45,000. And let’s not forget the forthcoming 2026 Vistiq, a three-row SUV to complement the iQ. No price yet. And did you notice they all end in “IQ”?

Cadillac sold approximately 9,000 Lyriqs in 2023, with 3,800 of them moving in the last quarter. That made the Lyriq the best seller among electric compact luxury SUVs. Admittedly, a few qualifiers there: The Lyriq is also offered in China, and sales there climbed 60% in 2023.

Departing from the IQ convention is a new show car, the Opulent Velocity, which Cadillac has only shown in a teaser photograph and video. In the latter, a blurred image of the car races past. Speculation is that it will be a luxurious sedan like the flamboyantly styled Celestiq, but possibly more conventionally designed and with an emphasis on performance.

The Opulent Velocity concept car is in part a celebration of Cadillac’s V-Series, which presents performance versions of popular models. Recent offerings include the 2025 CT5-V and CT5-V Blackwing. These are brute-force supercharged V8 sedans. The US$96,000 Blackwing version produces 668 horsepower and 659 pound-feet of torque, coupled to a (rare these days) six-speed manual or 10-speed automatic.

The 2025 Optiq will be the entry-level electric Cadillac SUV
Cadillac

Phil Dauchy, global head of brand strategy and international marketing at Cadillac, points out that the company’s performance series is now 20 years old.

“The V-Series cars perform at the top of their segments,” Dauchy says, adding that the V-Series nomenclature will remain as the brand goes electric. But the EVs with lots of power are already there. “If you buy a Lyriq Sport all-wheel drive right now you get a car with more than 500 horsepower,” he says.

The electric lineup now is heavy on SUVs, but Dauchy says that Cadillac’s current CT4 and CT5 sedan models are performing very well in the marketplace. “There is a significant piece of the luxury market that is sedans, including in China,” he says. “Cadillac remains dedicated to its sedan lineup.”

The 2026 Vistiq is slotted between the Lyriq and Escalade IQ.
Cadillac

Dauchy declined to say how many people have bought those pricey Celestiqs. “It’s not about the sales numbers, though we have an internal sales goal,” he says. “We intend to produce fewer than we can sell. We want a vehicle that is hard to get. We also want a unique buying experience, with prospective buyers coming out to the Cadillac House in Warren, Michigan and choosing colours and fabrics and working with a concierge.” This bespoke approach has worked well for other luxury brands, from Rolls-Royce to Maserati.

Spokeswoman Stephanie Obendorfer says the concept will not be featured at the New York International Auto Show , which runs through April 7. “We look forward to sharing more details on Opulent Velocity later this year,” Obendorfer says.

Specialised venues—such as the recent Amelia Island and Audrain concours events—are a better fit for showing exclusive cars like Opulent Velocity, Dauchy says.

All of Cadillac’s new models will be electric going forward. Internal-combustion cars will remain in the lineup until the end of the decade. But the pursuit of performance remains. EVs today are the world’s fastest cars off the line, even if they don’t always excel at top speeds. The Celestiq, though its emphasis is on luxury, reaches 60 mph in 3.8 seconds, and its two electric motors produce 600 horsepower and 640 pound-feet of torque.



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Artificial intelligence is making it easier than ever to build a business without building a team. As AI takes over coding, customer support, marketing, administration, and other day-to-day tasks, a growing number of solo founders are scaling startups to millions in revenue with few—or even no—employees. While the trend is lowering barriers to entrepreneurship, it is also reshaping hiring, raising questions about the future of work and how businesses will grow in the AI era.

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Ben Broca launched a company last December that offers AI tools to entrepreneurs. He’s already added 10,000 paying customers and is on track to bring in $10 million in revenue this year.

One thing he hasn’t added: any other employees.

The 40-year-old is part of a class of entrepreneurs who are launching, and then often running, new companies on their own. Artificial intelligence tools answer Broca’s emails, help write and debug code, field requests from customers, sign up new subscribers and grant refunds when issues arise.

Broca relishes his ability to make whatever decisions he wants on his own, often from his sun-drenched Sausalito, Calif., living room. “I think compromises make lukewarm results,” he said.

Once upon a time, running a business of a certain size required a team. AI is turning that assumption upside down, and more aspiring entrepreneurs are going it alone.

Ben Broca sitting in his home office.
Tech has seen an explosion of solo founders in the past year. Broca said he likes being able to work at his own speed, unencumbered by a team. Jonah Reenders for WSJ

An analysis by the payments company Stripe shows there are thousands of solo operators on the company’s platform that are generating over $1 million in revenue, with their ranks doubling between 2023 and 2025. The number of solo operators crossing the $10 million threshold nearly tripled in that same span.

In the past, people without business contacts or particular savvy might not have known how to get their ideas off the ground, said Ernie Tedeschi, Stripe’s chief economist. “Now, AI can be a built-in business partner,” he said.

AI’s ability to handle various administrative tasks makes it potentially useful for launching solo businesses in many fields. But the technology’s ability to also handle key tasks in tech, like coding, make that field a particular hot spot.

Analyzing Census Bureau data, Bank of America Institute economist Taylor Bowley found that among all industries, new business applications in the information sector have seen the biggest percentage increase—nearly 45%—over the past year. At the same time, the rate of information-sector applicants saying they plan to hire workers has experienced the sharpest decline of any measured industry.

This Census dataset doesn’t track solo-operated businesses. But the numbers broadly show—in tech and beyond—that applications are flat among businesses likely to hire workers, but generally rising elsewhere. Economists say that’s a strong sign that solo operators are on the upswing.

“The bar for getting started has never been lower,” said Julian Weisser, who runs a San Francisco-based accelerator for solo founders working in tech. The accelerator—which offers founders seed money and mentorship in exchange for an equity stake—attracted 4,500 applicants for 10 slots made available in its most recent cycle, nearly five times the number it drew when it launched last May.

Going it alone with AI can still be surprisingly expensive. Broca said he was losing money on many customers’ accounts while paying to access Anthropic’s Claude to run his clients’ requests—that AI company, as well as others, charges based on usage. He has since switched to free open-source AI models from China.

Broca said he has raised $30 million from investors and, at the same time, has saved millions in salary since he hasn’t needed a team of software engineers.

Another risk: If it’s easy for one entrepreneur to launch an AI-assisted business, copying them can be easy, too. This creates anxiety for founders like Troy Johnston, who runs an AI-assisted business alone in Orlando, Fla.

“Everybody has the sword and we all have the ability to unsheathe Excalibur now,” said Johnston, 40, who used AI to code an app that helps people get the most out of credit card benefits. The company makes around $3,000 a month in profit, with no employees, and is continuing to grow.

Headshot of Troy Johnston.
Troy Johnston said AI’s power and ease of use is an incredible boon for entrepreneurs like him—and also a double-edged sword. Luann Koerper

What one-person businesses will mean for the labor market remains to be seen. Polling has shown Americans are worried that AI will replace jobs, and top economists are wrestling with that possibility, too. But AI is also creating lots of new jobs, and the go-it-alone entrepreneurs show how the technology can both open doors and limit employment opportunities.

“If everyone’s hiring less, but you get four times more firms, what does that do to head count?” said Rembrand Koning, an associate professor at Harvard Business School who studies entrepreneurship. He co-authored a recent study that found that among 50,000 startups the researchers examined, those focused on AI tended to operate with 25% fewer employees.

Koning also believes a soft hiring environment that’s left some people mired in long job searches has encouraged more to try their hand at launching businesses.

Some founders cite different motives. “It’s a perfect storm of post-pandemic burnout and a re-evaluation of one’s priorities, and also booming AI and a sense of what’s possible,” said Samir Ahmad, 39, who lives in Breinigsville, Pa.

Two years ago, Ahmad decided to leave the corporate job he had worked at Verizon for almost two decades to start a solo coaching and consulting business. He had been seeing social-media posts touting the ease and virtues of AI, which he used to chart a business plan and help with marketing. “It was like my chief of staff, a second in command,” he said.

The business ultimately petered out within months, though, and Ahmad is now back to a full-time corporate role with a utility company.

For Claire Vo, 41, AI helped her turn a passing impulse into a business. She was working full-time as a tech executive when she tapped AI in late 2023 to help code an app that would help her manage documentation and design for new products, with customers ranging from financial services to healthcare firms.

“I was copying and pasting from ChatGPT,” said Vo, who lives in San Francisco.

Claire Vo smiling into the camera while recording a podcast.
Claire Vo used AI to code an app that’s on track to make seven figures in profit this year. Claire Vo

She put the app online for $1 a month, and within weeks people downloaded it thousands of times. Nearly three years later, Vo’s company—which she ran solo for nine months before hiring an engineer—now has 100,000 users and is on track to make seven figures in profit this year. AI handles the company’s marketing, sales and customer support.

While AI is a shortcut, Vo said her network and credibility in the industry were key. “I think people over-index on how easy AI is and under-index on how much I did to get to this point,” she said.

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