Is Alterra feeling the heat yet?

After years of unbridled growth and blind optimism in spite of a warming planet, Alterra Mountain Company is now facing mounting corporate, legal, and operational headwinds that reflect longer-running structural challenges in the ski industry, culminating in recent executive departures and workforce layoffs. Denver based Alterra is another ski resort conglomerate that followed the model of Vail Resorts and that now owns and operates nearly 20 mountain destinations (such as Steamboat, Deer Valley, and Mammoth Mountain) and manages the multi-destination Ikon Pass.

It’s notable to mention that Park City is the only ski town where both companies operate. In contrast, Vail owns and operates roughly 42 mountains globally, leaning into a massive, highly standardized network. Alterra’s collection about half the size of Vail Resorts is supplemented heavily by Ikon Pass external partners.

Likewise, Vail optimizes a broad network access and regional feeder loops via its Epic Pass while applying a centralized, corporate-standardized guest and digital model across its network, while Alterra tends to preserve more independent, place-specific character and autonomy at its individual flagship resorts, but less efficiently. Jared Smith stepped down as CEO after a three-and-a-half-year run, leaving the executive committee—including former CEO Rusty Gregory and major stakeholders like KSL Capital Partners—to steer the company. 

Alterra just implemented corporate layoffs affecting year-round, full-time staff across Denver headquarters, remote roles, and various destinations, driven by an unaligned cost structure and slowed post-pandemic growth. In addition, the company alongside competitor Vail Resorts, Boyne, Powdr, and industry research firm RRC Associates, was hit with a federal class-action antitrust lawsuit in August 2026 alleging an overarching conspiracy to inflate season pass and lift ticket prices by coordinating and sharing confidential pricing metrics via dynamic-pricing platforms. 

This follows another federal antitrust complaint filed earlier in 2026 targeting anticompetitive bundling practices that forced skiers into high-cost multi-mountain bundles like the Ikon Pass by artificially hiking single-day window rates. Heavy reliance on mega-passes has frequently outstripped the physical carrying capacity of popular resort regions. These strains were worsened by historically poor western snowfall cycles during recent winter seasons, raising questions over the return on massive terrain expansions at flagship locations like Deer Valley, here in Park City. 

I’m not even mentioning the Elephant in the Room. It's simply global warming, a looming threat to Alterra and Vail Resorts business model. I suspect their management and shareholders are fast becoming spooked by this impending developing problem...

Warmer climate and American politics

Will this record-breaking warm summer influence politics in the USA? The unusually hot summer of 2026 could have a political effect in the US, although probably not in the simple sense of “hot weather will get more Democratic votes.” The interesting part is that the political consequences may come through people's electricity bills, health, insurance, water, agriculture, wildfires and everyday inconvenience, rather than through climate ideology. 

July 2026 was the hottest month ever recorded for the contiguous United States, with every one of the lower 48 states at least 1°F above its 20th-century average. And the current August heat wave is affecting roughly 97 million Americans. The biggest effect may be psychological as there’s an important difference between “Scientists say the climate is getting warmer.” and “I can't sleep because my bedroom is 85°F, my electricity bill is $300, and my children can't play outside.” The second experience is politically much more powerful.

An AP-NORC survey conducted in late July found that 90% of Americans said extreme heat had affected their lives at least somewhat. About 80% said it affected their electricity bills, while roughly 70% said it disrupted outdoor family activities. That turns climate change from an abstract environmental question into a cost-of-living question. Let's make America more resilient.” 

Republicans face a particularly interesting political problem, as Trump has moved aggressively to roll back federal climate policies. Pew's March survey found that 87% of Democrats thought the federal government was doing too little on climate change, compared with only 31% of Republicans, but extreme heat creates a problem for Republicans if their voters are personally experiencing its consequences. Imagine a Republican voter in Arizona, Texas, Utah or Florida who says: “I don't want Washington telling me how to live. But I do want affordable electricity, reliable water, protection from wildfires and somebody to do something about these 110-degree days.” 

That voter doesn't necessarily need to become a climate-change voter, but could become an adaptation-and-cost voter. If politicians respond to heat primarily with higher energy prices, restrictions on gasoline cars, restrictions on natural gas, expensive regulations, taxes and bans, then voters may react negatively—even if they accept that the climate is warming. This is why I think energy affordability may be the key political variable. The most interesting possibility, in my view, is not a Democratic electoral landslide. It is the emergence of a new bipartisan politics of climate adaptation. 

And that could be more consequential in the long run than simply increasing the number of people who say they are worried about global warming. In other words: 2026 may be the summer when climate change becomes less a question of “Do you believe in it?” and more a question of “What are you going to do about what is happening to us?” That is a much more politically dangerous question for both parties.

How long will my Tesla last? (Part Two)

While as we’ve seen yesterday that the core motor and battery pack hold up well, specific secondary components exhibit recurring wear patterns as Teslas age. Due to the heavy weight of high-voltage battery packs, Tesla suspension bushings, control arms, and ball joints experience accelerated wear compared to lighter gas cars. 

On Model S and X, the upper and lower control arms, as well as front half-shafts tend to develop squeaks or shuddering under hard acceleration and often require replacement every 60,000 to 100,000 miles. On Model 3 and Y: Front upper control arm ball joints (housed in composite/metal arms) are known to dry out and creak over time, often needing replacement or regreasing around 50,000–80,000 miles. 

Legacy Model S, X, 3, and Y models used conventional lead-acid 12V starter batteries to power cabin electronics, door locks, and computers. These lead-acid batteries typically failed quite soon due to constant cycling from the high-voltage pack. In recent production years, Tesla transitioned across all models to a 16V Lithium-ion auxiliary battery, effectively eliminating short-life 12V battery failures.

For air conditioning and heating, modern Model 3 and Model Y vehicles use a complex heat pump and fluid manifold system that manages cabin climate and battery cooling simultaneously. While highly efficient in cold weather, thermal heat pump valves, coolant pumps, and sensors represent a common failure point as vehicles exceed 100,000 miles. 

Because regenerative braking handles up to 90% of daily deceleration, standard brake pads and rotors wear at an exceptionally slow rate (often lasting 100,000+ miles). However, in regions with heavy winter road salt, rust and slide-pin seizure can occur due to lack of use if the brakes are not periodically cleaned and lubricated. As you can see, if battery, motor and transmission work surprisingly well, the rest of the car is merely average—or occasionally worse than average. 

Many uses have found problems involving things such as, body hardware, windows and doors, electronics, suspension and steering, charging systems, trim and problem with fit or finish and noises or leaks. Now you know everything, but we should give it another 10 years to grab the full picture!

How long will my Tesla last? (Part One)

That’s a pretty fair question! With the Tesla model S out since 2012 or so, I sometime wonder what kind of reliable history has been compiled on the millions of Tesla sold in the world. The good news is that over more than a decade of deployment—starting with the Model S in 2012 and followed by the Models 3, X, and Y—much of real-world reliability, component aging, and longevity data has been compiled by automotive research firms, consumer advocacy groups, and fleet telemetry studies. 

I found a comprehensive breakdown of what long-term studies, reliability tracking, and real-world owner data reveal about Tesla's reliability, durability, and primary aging trends. When evaluating Tesla reliability, industry analysts draw a sharp line between build quality/electronics fitment and powertrain durability. In terms of fit and finish, consumer agencies frequently score Tesla lower in initial quality due to non-mechanical issues—such as panel gaps, paint defects, weather stripping leaks, trim rattling, and infotainment glitches. 

However, mechanically, the core EV propulsion system performs far more consistently over high mileage than traditional internal combustion engines (ICE). It’s simply because an EV lacks complex transmissions, spark plugs, timing belts, fuel injectors, exhaust systems, and turbos. This means routine maintenance costs over 100,000+ miles average 40% to 50% lower than comparable luxury ICE vehicles. Battery health is the most closely studied aspect of long-term EV durability. 

Battery capacity loss is non-linear. The average Tesla battery experiences its fastest degradation during the first 20,000 to 30,000 miles (losing roughly 3% to 5% of original capacity). After this initial drop, the degradation curve flattens significantly, settling into a slow loss of about 1% capacity per 15,000–20,000 miles. Tesla’s aggregated fleet data indicates that after 200,000 miles (approx. 320,000 km) of driving, 

Model S and Model X packs retain an average of 88% to 90% of their original capacity. First-generation Model S vehicles suffered higher-than-average failure rates in their drive units, Most were replaced under Tesla's 8-year/unlimited-mile warranty. In Model 3, Y, and modern S/X) with permanent magnet reluctance motors have proven exceptionally durable. Tesla engineers designed these drive units with a target lifespan of 1,000,000 miles, and real-world high-mileage teardowns show minimal gear teeth wear or rotor degradation well past 200,000 miles. 

Tomorrow, we’ll see how the rest of the car survives over the years…

False alert!

Last Sunday, around 4pm a loud buzz from my phone got my full attention. The large message said: “Your residence has been placed in a GO Status. EVACUATE NOW!” As anyone should, we took that very seriously and switched into a panic mode, but there was no fire in view, no sirens and nothing, so we went out of our house, looked around, saw our next door neighbor on his e-bike going around to see where the fire was.

Then we talked to more neighbors and came to the conclusion that no matter how ominous the message was, this was a false alert, an option we unanimously preferred! Plenty of strong emotions to wrap up the weekend. That “Go” evacuation notice sent to cell phones across Park City and the South Summit Fire District was issued in error according to Skyler Talbot with the Summit County Sheriff’s office. 

The alert applies only to residents on West Henefer Road and East Canyon Road, some 28 miles (50 km) distant from Park City, as the crow flies. Obviously no one bother to dismiss it in the same manner. “There are no pre-evacuation or evacuation notices for South Summit Fire District,” the South Summit Fire District said, noting Summit County sent the alert by mistake. Park City residents also received the erroneous notification. 

Now we know how an evacuation notice feels like, but we still have to develop a pragmatic household plan for it!

Are Infantino days at Fifa counted?

I’m not into professional football and as a result don’t know much about that big-money sport. Yet, from the time Gianni Infantino concocted a FIFA Peace Prize for Trump, considered and acted on Trump’s request, during this summer’s World Cup, to utilized Article 27 of its disciplinary code and put the automatic one-match suspension on hold, placing Balogun, that US player that got a red card, on a one-year probation instead and making him immediately eligible to face Belgium. 

Then, there was the controversial, now-shelved proposal to sell a 20% commercial stake in the World Cup to private investors, including Trump’s son-in-law, Jared Kuschner. All this series of unprofessional moves make me think that Infantino's days as FIFA president could be considered "numbered" (or counted) due to a severe political and governance crisis triggered by less than transparent moves. 

There’s no question that Infantion job is a cushy one as is total annual compensation package amount to approximately $6 million! 

Infantino’s position is now in jeopardy mostly because of the $20 billion plan called FIFA Forward Enterprise (FFE) that aimed to create a commercial subsidiary backed by private investors (including Joshua Kushner’s fund). 

This audacious move was reinforced by a 53-day ultimatum he had given FIFA’s 211 member associations to sign up for the plan under a financial incentive structure, which critics and confederations labeled as coercive and a "sell-off" of the game. 

Europe's UEFA and its 55 member nations unanimously rejected the plan, threatening a total boycott of all FIFA tournaments—including the World Cups—if he proceeded. CONCACAF and the AFC also formally opposed the scheme. Key allies of Infantino and senior staff have distanced themselves or resigned, and UEFA lawyers have demanded the preservation of documents while weighing legal action and regulatory complaints. 

Additional damaging reports regarding past governance (such as historic departure payments from his time at UEFA) have compounded the pressure, leading prominent figures and confederations to openly call for an independent review and his resignation ahead of the March 2027 presidential election. I guess time will tell...

Innovative phone dial pad

Another recent dream that I wanted to share today was also the most bizarre. Of course, it also woke me up. 

I was attempting to dial up using an old rotary phone. As I dialed one number and the wheel returned to its original position, I couldn’t remember which number was next (again, it was just a dream), so after some frustrating attempts I was presented with another phone, not the touch-tone phone device we all know, but a bizarre contraption that only had three keys.

Perhaps, I just couldn’t remember what a touch-tone dial looked like, which might say a lot about the quality of my old memory… As a result I seemed to have no choice but to create a new one with only three keys to make things simple. 

This said, during my dream I still couldn’t comprehend how it worked, but suffice to say that it looked like the rendition pictured here. Now, go figure (if you can)!