logo
Charlotte Motor Speedway Just Opened Gearhead Heaven

Charlotte Motor Speedway Just Opened Gearhead Heaven

Forbes02-04-2025
(HHP/Jacy Norgaard)
NASCAR tracks don't survive on race weekends alone. While the roar of stock cars brings in packed grandstands and lucrative TV deals, the reality is that modern racetracks have evolved into year-round businesses with a variety of revenue streams—everything from corporate events and driving experiences to concert venues and rental opportunities. But Charlotte Motor Speedway has just unveiled a new venture that puts all the others to shame.
If you are a lifelong gearhead, a lover of speed, or the kind of person who thinks the best sound in the world is a naturally aspirated V12 screaming at 8,000 RPM, then welcome to what might just be your version of heaven: Ten Tenths Motor Club.
Opening this week next to Charlotte Motor Speedway, Ten Tenths isn't just another storage facility for people who have garages bigger than most of our homes. It's an automotive utopia, a playground for those lucky enough to own the kind of cars the rest of us spend our free time drooling over on YouTube. And yet, it's more than just a clubhouse for the rich—it's a shrine to speed, to racing, to the kind of motoring passion that makes you wake up early just to go for a drive with no destination in mind.
The vision for Ten Tenths began over a decade ago when Marcus Smith, CEO of Speedway Motorsports, saw what was happening with exclusive driving clubs around the country. "I thought, man, what a great concept this is," Smith recalls. "I love cars. I'm a big race fan and a big sports car fan, and I just thought there must be some application here for us." He wasn't alone. A quick conversation with his neighbor—who just happens to be Rick Hendrick—sealed the deal. "I said, 'Do you want to do this together?' and he said, 'Yeah, let's do it.' In about half a second."
NASCAR Hall of Famer Rick Hendrick and Marcus Smith, Speedway Motorsports, Inc., President & CEO ... More (Photo by Jared C. Tilton/Getty Images)
Ten Tenths offers something beyond mere car storage. It features a world-class driving circuit designed by former F1 and Le Mans racer Alex Wurz, a bespoke lounge, private wine storage, a cigar lounge, and, of course, access to some of the finest driving experiences money can buy. It's a place where you don't just own a Ferrari—you actually get to drive it the way Enzo intended. Whether you crave the grip of a mid-engined masterpiece slicing through corners or the sheer brute force of a big-block American muscle car thundering down a straightaway, this is a place where horsepower is truly celebrated.
And to kick things off, the club is hosting The Heritage Invitational, a high-octane festival that aims to be America's answer to the legendary Goodwood Festival of Speed. More than 60 of the world's most sought-after collector cars will be on display, including legendary Porsche racers, an array of Lamborghinis, and Rick Hendrick's personal supercar collection. There will also be historic Trans Am racing, a Celebrity Pro-Am race featuring legends like Jeff Gordon and Kyle Petty, and enough motorsport action to make even the most jaded car enthusiast grin like a kid in a candy store.
But this isn't just a static display of automotive excellence—it's a full-throttle experience. Expect to hear the unmistakable wail of a vintage F1 car echoing across the speedway, the guttural roar of classic V8s ripping through gears, and the shriek of modern hypercars proving their worth on the track. The Heritage Invitational isn't just about looking at cars; it's about feeling them, hearing them, and—if you're lucky—riding shotgun in one of the world's most breathtaking machines.
"What's been really fun is that we've been able to build this without having to pre-sell anything," Smith says. "We're just building it. We haven't even opened up membership yet, but we're already fielding a lot of calls." Translation: If you have the means to join, you probably should get in line now.
Ten Tenths Motor Club features a world-class driving circuit designed by former F1 and Le Mans racer ... More Alex Wurz, (HHP/Jacy Norgaard)
Of course, for the rest of us—those whose car collections consist of one or two reasonably fast machines and a pile of dreams—Ten Tenths might seem like an unreachable paradise. But Smith is quick to point out that the facility won't just sit empty between private driving days. "We'll have some of the Ford Performance driving schools on-site, we're already booking manufacturer residencies, and we'll have nights where enthusiasts can come out and drive," he explains.
And that's where the magic of Ten Tenths extends beyond its exclusive membership. It's not just a retreat for those who can afford to fill a warehouse with supercars—it's a hub for automotive culture, a place where passion meets performance, and where car lovers, no matter their budget, can experience the thrill of high-speed driving. Whether you're behind the wheel of a McLaren or a Mustang, there's a place for you here.
So while we may not all be able to afford a garage there, we can still experience a taste of what it's like to drive at full throttle in a place built for people who believe cars should be driven—not just admired. And that, my friends, is worth celebrating.
Ten Tenths isn't just a playground for the ultra-wealthy—it's a financial goldmine for the Speedway, transforming it into a high-end automotive destination that attracts both deep-pocketed members and enthusiasts eager to pay for premium experiences. And in the process, it helps keep Charlotte Motor Speedway's books in the black all year round.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Venture Global, Inc. Announces Updated Timing for Release of Second Quarter 2025 Earnings
Venture Global, Inc. Announces Updated Timing for Release of Second Quarter 2025 Earnings

Business Wire

time29 minutes ago

  • Business Wire

Venture Global, Inc. Announces Updated Timing for Release of Second Quarter 2025 Earnings

ARLINGTON, Va.--(BUSINESS WIRE)--Venture Global, Inc. ('Venture Global') (NYSE: VG) announced that it plans to release its second quarter 2025 financial results before market open on Tuesday, August 12, 2025. As previously announced, Venture Global will host a conference call for investors and analysts beginning at 9:00 am Eastern Time (ET) on Wednesday, August 13, 2025, to discuss second quarter results. A listen-only webcast of the conference call and accompanying slide presentation will be available at Venture Global's Investor Relations website HERE. After the conclusion of the conference call, a replay will be made available on the Venture Global website. About Venture Global Venture Global is an American producer and exporter of low-cost U.S. liquefied natural gas (LNG) with over 100 MTPA of capacity in production, construction, or development. Venture Global began producing LNG from its first facility in 2022 and is now one of the largest LNG exporters in the United States. The company's vertically integrated business includes assets across the LNG supply chain including LNG production, natural gas transport, shipping and regasification. The company's first three projects, Calcasieu Pass, Plaquemines LNG, and CP2 LNG, are located in Louisiana along the Gulf of America. Venture Global is developing Carbon Capture and Sequestration projects at each of its LNG facilities.

The great "rebalancing" in EV lithium has begun
The great "rebalancing" in EV lithium has begun

Axios

time29 minutes ago

  • Axios

The great "rebalancing" in EV lithium has begun

A global glut of lithium prompted a Chinese battery company to suspend production at a massive mine, triggering a rise in commodity prices and a jump in stock prices of lithium companies. Why it matters: Lithium is an essential raw material in electric vehicles, so any increase in prices could translate into higher costs for EV makers. Driving the news: Chinese battery giant Contemporary Amperex Technology Co. Ltd., known as CATL, halted output at a property in the Jiangxi province, prompting global speculation about whether the country is teeing up a crackdown on overcapacity. "The fate of the CATL mine — the biggest in China's lithium hub of Yichun — had been under close scrutiny for weeks, amid speculation that authorities wouldn't extend its license," Bloomberg reported. The mine makes up about 6% of global lithium mining, according to Bank of America figures cited by Bloomberg. The impact: Spot lithium carbonate prices in China rose about 3% Monday, FT reported. Corporate lithium stocks also jumped around the world: U.S. chemicals company Albemarle closed up 7.0%, while American lithium miner Piedmont gained 14.1% and Lithium Americas rose 9.3%. What they're saying: "This is a rebalancing of the disequilibrium that exists within the global lithium market," Gracelin Baskaran, director of the Critical Minerals Security Program at the Center for Strategic & International studies, tells Axios in an email. Context: Lithium prices have tanked over the last several years amid a global slowdown in EV sales growth. In Australia — the world's top producer — miners had already "curtailed production or delayed expansions" amid the drop in prices, a trend seen throughout 2024, Reuters reported in June. The market is "significantly oversupplied," according to a recent report by BNP Paribas senior commodities desk strategist David Wilson. Zoom in: The average global weighted price of lithium carbonate has plunged from an all-time high of $70,957 per tonne in January 2023 to $9,553 in the first week of August, according to Benchmark Minerals data. "These prices are even untenable for Chinese producers," Baskaran says. "By reducing the global surplus, we expect prices to go up and allow Western producers to operate more cost competitively." Yes, but: It might be a temporary lull in demand. Benchmark Minerals is projecting a 204% increase in demand over the next decade. What we're watching: Whether this is part of a broader move by Chinese authorities to crack down on the broader EV sector amid a feverish price war.

Trump extends China tariff deadline by another 90 days
Trump extends China tariff deadline by another 90 days

UPI

timean hour ago

  • UPI

Trump extends China tariff deadline by another 90 days

Aug. 11 (UPI) -- President Donald Trump has signed an executive order, delaying the deadline for the United States to implement higher tariffs on Chinese goods by another 90 days, the White House announced Monday. The order was signed just before midnight, Sunday, hours before the current tariff pause was set to expire. The extension to Nov. 9 follows progress last month in Stockholm, Sweden, during talks between U.S. and Chinese trade negotiators. "We hope that the U.S. will work with China to follow the important consensus reached during the phone call between the two heads of state ... and strive for positive outcomes on the basis of equality, respect and mutual benefit," foreign ministry spokesman, Lin Jian, said in a statement. Last week, U.S. Treasury Secretary Scott Bessent said he, too, was optimistic about "the makings" of a trade deal with China. China is one of the United State's largest trade partners. In June, Trump announced a trade agreement with China over rare earth minerals. Under the deal, China would export rare earth minerals to the United States with both countries reducing their tariffs for 90 days. Rare earth minerals fuel energy sources for mobile devices and electric vehicles. As Trump signed the executive order Sunday night, he called on China to quadruple its purchases of American soybeans to reduce the United States' trade deficit with China. "China is worried about its shortage of soybeans. Our great farmers produce the most robust soybeans. I hope China will quickly quadruple its soybean orders," Trump wrote in a post on X. "This is a way of substantially reducing China's Trade Deficit with the United States. Rapid service will be provided. Thank you President Xi." Despite ongoing trade threats, China's economy posted second quarter Gross Domestic Product growth at 5.2% last month, according to the National Bureau of Statistics, as exporters took advantage of the Trump administration's pauses in reciprocal tariffs, which were announced April 2. Since the announcement, Trump hit China with tariffs as high as 145%, while China threatened retaliatory tariffs of 125%. During the initial 90-day truce, the United States reduced its China tariffs to 30%, with China dropping its tariffs on U.S. goods to 10%. "We'll see what happens," Trump told reporters at the White House. "They've been dealing quite nicely. The relationship is very good with President Xi and myself." Over the past few weeks, the Trump administration announced trade deals -- to lower tariffs in exchange for larger U.S. investment -- with Japan, South Korea and the European Union.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store