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To be fair, the ring radiator driver is likely to be much more expensive to produce than a standard driver, and to be doubly fair, this is not a completely standard driver either.
It might have a standard diaphragm but from the looks of that youtube video circulating they’ve taken a page out of beyerdyamic’s playbook with a ring magnet and a hole directly behind the centre of the diaphragm, letting the backwave from the centre of the diaphragm straight out unlike every other dynamic headphone with a normal diaphragm on the market where the backwave from the centre rebounds straight into the magnet behind it.
A lot of people seemed to completely miss the point of the Tesla driver, talking about its “powerful magnets” – the main innovation there is actually that hole (along with the less resonant metal frame) and I expect to see most of the dynamic manufacturers quietly copying it from now on with their higher end headphones.
I believe that's already the case on the HD650 / HD600 / HD5..... line-up, and most Beyers even before the Tesla line appeared, and in fact possibly many more headphones.
You can find an example for a Sennheiser here :
http://apuresound.com/hdsennmod.html
BTW, you can also see that the "vented" driver of the HD700 isn't that innovative, the HD650's one is vented, just to a lesser degree. They've just improved the venting by a substantial degree.
I believe the Tesla "innovation" displaces the magnet to the sides to make the hole potentially bigger, so that's more a question of size of the hole than existence of the hole.
But then, it also seems to be quite a marketing gimmick, at least partially, as the DT1350 almost completely blocks the back hole of the driver with a plastic filler that only leaves a 1mm hole, as if Beyer tuned by ear the driver after conceiving its magnet. One may wonder if it wouldn't have been much better to correctly design the magnet in the first place. As an example, the Philips Fidelio L1 also has a small hole at the back of its driver, but I suspect given what we've seen so far of its internals it doesn't use a plastic "tuner" at the back. Maybe, and that's just speculation, Philips's higher development resources allowed them to spend money on getting the driver right in the first place (maybe design by computer ?).
BTW, I find it misguiding that the DT1350's box presents a picture of its driver without the plastic filler and markets it with a larger vent than usual - which clearly isn't the case in reality.
One could retort though, that I'm talking here about a closed pair of headphones, which is a different environment. And it's true that the T1 doesn't have anything at the back.
All in all I wouldn't put Sennheiser's R&D and Beyer's R&D at the same level right now, it seems to me Sennheiser may be at least a little more proficient overall at this moment. They've succeeded in doing quite a lot of world's "firsts" lately (RS220, HD800's soundstage, etc.).
Not to denigrate Beyer's line-up though, I do enjoy some of them and I find the "plastic-tuned" DT 1350 to be one of the most remarkable portable headphones I've tried.
It also seems that most Tesla headphone seem very easy to drive as measured by Tyll on Innerfidelity - so it's likely part of the marketing around the Tesla technology is founded.