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Tesla is building a new 218-home luxury development in Florida with solar roofs, batteries, and EV chargers, Yahoo! News reports. Centaur US Holdings is developing the new community, Panther National, around a golf course in Palm Beach. The golf course was designed by Jack Nicklaus, a famous retired professional golfer. The community will cover 2,400 acres. Max Strang, a world-renowned architect based out of Miami, will design the homes.

Panther National announced in July that it was partnering with Tesla Energy to install rooftop solar power systems and Powerwalls, and stated that Tesla’s vision aligns with its own. The aim here is for luxury lifestyle amenities in an energy-efficient and sustainable environment. Panther National said:

“Energy independence and sustainable energy generation has always been the driving force behind Tesla’s focus on home energy systems. Tesla’s vision aligns with Panther National, a new residential development in Florida that combines high-end architecture and amenities with a commitment to clean energy. Tesla plans to install cutting-edge clean energy products throughout the sustainably designed community at Panther National, including Tesla Powerwall+ and Tesla Solar products.”

The company also added that Tesla was happy to collaborate with Panther National Development’s team since they share the goal of building cleaner and more resilient communities. The team is being led by Dominik Senn in collaboration with Willstrong, its construction partner. The company added that with its partners, they are creating modern, energy-independent residences that blend sustainability with elegant architecture.

“The development incorporates site-driven and climate-driven design philosophies that will be coupled with the innovative energy technologies provided by Tesla Energy.”

The Tesla solar panels, Powerwall+ with an integrated inverter, and Tesla wall connectors will work in tandem as a cohesive system that enables residents to become energy independent. Panther National noted that its flat roof design in combination with the Florida sun creates the ideal environment for Tesla’s solar panels. Tesla’s Powerwall+ will replace outdated and noisy generators that are used in storm-prone areas.

The company added that Tesla has made its home energy system affordable for homebuyers throughout the nation — not just for those with the means to afford luxury homes.

“Tesla Energy has diligently refined its system to achieve competitive pricing, ensuring that the home energy systems are accessible to homebuyers throughout the United States. Together with Tesla, Panther National will achieve its vision of creating sustainable buildings and energy independence in a world-class setting.”

The championship core golf course was designed by Jack Nicklaus, and the company added that it offers exclusive access to luxury lifestyle facilities. The aim is the feel of a 5-star resort, but with sustainability and energy independence front and center. There will also be a spa, athletic club, kids club, swimming, and even premium dining. Yes, this is aimed at the luxury homebuyer, not the mass market. Construction for this project is expected to start around the end of this year.

My Thoughts

Sustainability is often seen by many living around the poverty line as a luxury item. I know this because I’ve been in that headspace. Many of my neighbors think solar is something that only the rich can afford. This will change, but in time. As someone who’s been without a home before, I appreciate the work Tesla is doing to make energy independence more affordable.

Note that despite this luxury project, Tesla isn’t a luxury-only company. Unfortunately, Tesla’s reputation as being luxury-only often keeps those who can afford Tesla’s energy products today from even considering Tesla. Tesla actually offers the cheapest solar power systems in the country, and for a decade, let alone two, homeowners who go solar can typically save thousands if not tens of thousands of dollars.

In June, I interviewed John of Tesla Owners of Silicon Valley and he opened my mind to just how affordable Tesla’s solar system truly is. I referred to this interview when I was talking with my landlady about solar. She said she would love to include solar but doesn’t have the budget for it and never really considered Tesla. Perhaps if she looked at financing for it and the long-term savings, she’d change her mind. Many communities that are middle class or lower class don’t even think about adding solar due to the upfront costs that are involved. Some of these include having an electrician re-wire a home. For my own apartment to be energy independent, this would have to happen — my home is 150 years or so old.

We Need Luxury Buyers To Opt For Sustainability

While those who can’t afford such a lifestyle may feel envious, sad, or even motivated to attain the ability to afford such a lifestyle, and may flinch at the word “luxury buyer,” I believe that we need luxury buyers. Their decisions to use their money on products that are sustainable and that create energy independence pave the way for those without the means to one day have that same luxury — but at a lower cost. This is a reflection of Tesla’s Master Plan, actually. That same plan is why Tesla’s reputation of being a luxury company is what it is.

Luxury was Tesla’s initial target market, and it had to be for it to survive. This isn’t a good or bad thing, but a game. In order to beat the matrix, you have to play in it, so to speak. As prices continue to move lower, people will buy. This is why Tesla’s Model 3 is one of the best-selling vehicles ever — its affordability enabled millions of people to buy one.

I think we need to put aside the idea that luxury is bad if you’re unable to afford such a lifestyle, and use this knowledge to better yourself. This is something I’m personally working on in my own life. Having been homeless before, I can tell you that changing that mindset is extremely hard. Yet so empowering. I used to be in the camp that all rich people were bad because they mooched from the poor. This may be the case for some, but not for all.

So let’s put aside the idea that “luxury” = “bad because you took from others,” and replace it with “a market where you can grow and attain your own.” This changes the thought from “I can’t afford it” to “I can create my own,” and that thought can be applied to any business concept, goal, or plan.

Featured image from Panther National



 


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Paris’ popular bike share program has a big sticky finger problem

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Paris' popular bike share program has a big sticky finger problem

Paris’ bike-share system, Vélib has long been considered one of the shining success stories of urban micromobility. With a massive fleet of over 20,000 pedal and electric-assist bicycles around Paris, the service has helped millions of residents and tourists get around the City of Light without needing a car or scooter. But lately, a growing problem is threatening to knock the wheels off this urban mobility marvel: theft and joyriding.

According to city officials and the service operator, more than 600 Vélib bikes are now going missing every single week. That’s over 30 bikes a day simply vanishing from the system – some stolen outright, others taken on “joy rides” and never returned.

“At the moment we’re missing 3,000 bikes,” explained Sylvain Raifaud, head of the Agemob company that currently operates the Velib system. That’s nearly 15% of over 20,000 Vélib bikes across Paris.

The sticky-fingered culprits aren’t necessarily professional thieves or organized crime rings. Instead, they’re often regular users who treat the shared bikes like disposable toys.

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The city estimates that many people have figured out how to pry the bikes out of the system’s parking docks, unlocking one for a casual cruise and then ditching it somewhere far from a docking station.

Once pried free, the bikes are technically usable for the next 24 hours until their automatic locking feature kicks in. At that point, the bikes are often simply abandoned. Some end up in alleyways. Others get tossed in rivers. A few just disappear completely.

And since the bikes are intended to be parked at their many docking stations around the city, they don’t have GPS chips, further complicating recovery of “liberated” bikes.

The issue started small but has grown into more than an inconvenience – it’s beginning to undermine the entire purpose of the service. With bikes going missing at such a high rate, many Vélib docking stations are left empty, especially during rush hours.

Riders looking for a quick commute or a convenient hop across town are increasingly finding themselves without available bikes, or having to walk long distances to find a functioning one.

That kind of unreliability chips away at user confidence and threatens to drive potential riders back into cars, cabs, or other less sustainable forms of transport at a time when Paris has already made great strides to dramatically reduce car usage in the city.

The losses are financially painful, too. Replacing stolen or vandalized bikes isn’t cheap, and the resources spent on tracking down missing equipment or reinforcing anti-theft measures are stretching thin. Vélib has faced theft and vandalism issues before, especially during its early years, but this latest surge has officials sounding the alarm with renewed urgency.

Officials acknowledge that there’s no easy fix. Paris, like many cities with bike-share systems, walks a fine line between accessibility and accountability. Part of what makes Vélib so successful is its ease of use and widespread availability. But those same features make it vulnerable to misuse – especially when enforcement is limited and the consequences for abuse are minimal.

The timing of the problem is especially unfortunate. In recent years, Paris has seen impressive results in reducing car traffic, expanding bike lanes, and promoting cycling as a key part of its sustainable transport strategy. Vélib is a cornerstone of that plan. But if the system becomes too unreliable, it risks losing the very people it was designed to serve.

Meanwhile, as Parisians increasingly find themselves staring at empty docks, the challenge for the city and Vélib will be to restore confidence in the system without making it harder to use. That means striking the right balance between freedom and responsibility, between open access and protection against abuse.

In a city where cycling is supposed to be the future of mobility, losing thousands of bikes to joyriders and sticky fingers isn’t just frustrating; it’s unsustainable.

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CNBC Daily Open: Elon Musk, founder of companies and political parties

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CNBC Daily Open: Elon Musk, founder of companies and political parties

U.S. President Donald Trump and Elon Musk attend a press event in the Oval Office of the White House in Washington, D.C., U.S., May 30, 2025.

Nathan Howard | Reuters

When they lose a significant other, most men do indeed become a “TRAIN WRECK.” Then they pick up the pieces of their lives and start living again — paying attention to their personal grooming, hitting the gym and discovering new hobbies.

What does the world’s richest man do? He starts a political party.

Last weekend, as the United States celebrated its independence from the British in 1776, Elon Musk enshrined his sovereignty from U.S. President Donald Trump by establishing the creatively named “American Party.”

Few details have been revealed, but Musk said the party will focus on “just 2 or 3 Senate seats and 8 to 10 House districts,” and will have legislative discussions “with both parties” — referring to the U.S. Democratic and Republican Parties.

It might be easier to realize Musk’s dream of colonizing Mars than to bridge the political aisle in the U.S. government today.

To be fair, some thought appeared to be behind the move. Musk decided to form the party after holding a poll on X in which 65.4% of respondents voted in favor.

Folks, here’s direct democracy — and the powerful post-separation motivation — in action.

 — CNBC’s Erin Doherty contributed to this report.

What you need to know today

And finally…

An investor sits in front of a board showing stock information at a brokerage office in Beijing, China.

Thomas Peter | Reuters

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CNBC Daily Open: Most people don’t start a political party after separation

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CNBC Daily Open: Most people don't start a political party after separation

US President Donald Trump, right, and Elon Musk, chief executive officer of Tesla Inc., during a news conference in the Oval Office of the White House in Washington, DC, US, on Friday, May 30, 2025.

Francis Chung | Bloomberg | Getty Images

When they find themselves without a significant other, most men finally start living: They pay attention to their personal grooming, hit the gym and discover new hobbies.

What does the world’s richest man do? He starts a political party.

Last weekend, as the United States celebrated its independence from the British in 1776, Elon Musk enshrined his sovereignty from U.S. President Donald Trump by establishing the creatively named “American Party.”

Few details have been revealed, but Musk said the party will focus on “just 2 or 3 Senate seats and 8 to 10 House districts,” and will have legislative discussions “with both parties” — referring to the U.S. Democratic and Republican Parties.

It might be easier to realize Musk’s dream of colonizing Mars than to bridge the political aisle in the U.S. government today.

To be fair, some thought appeared to be behind the move. Musk decided to form the party after holding a poll on X in which 65.4% of respondents voted in favor.

Folks, here’s direct democracy — and the powerful post-separation motivation — in action.

 — CNBC’s Erin Doherty contributed to this report.

What you need to know today

Trump confirms tariffs will kick in Aug. 1. That postpones the deadline by a month, but tariffs could “boomerang” back to April levels for countries without deals. Trump on Friday said letters with “take it or leave it” offers will go out to 12 countries Monday.

U.S. stock futures slipped Sunday. Despite the White House pushing back the return of “reciprocal” tariffs, some investors could be worried trade negotiations would result in higher-than-expected duties. Europe’s Stoxx 600 index dropped 0.48% Friday.

OPEC+ members to increase oil output. Eight members of the alliance agreed on Saturday to hike their collective crude production by 548,000 barrels per day, around 100,000 more than expected.

Elon Musk forms a new political party. On Saturday, the world’s richest man said he has formed a new U.S. political party named the “American Party,” which he claims will give Americans “back your freedom.”

[PRO] Wall Street is growing cautious on European equities. As investors seek shelter from tumult in U.S., the Stoxx 600 index has risen 6.6% year to date. Analysts, however, think the foundations of that growth could be shaky.

And finally…

Ayrton Senna driving the Marlboro McLaren during the Belgian Grand Prix in 1992.

Pascal Rondeau | Hulton Archive | Getty Images

The CEO mindset is shifting. It’s no longer all about winning

https://www.cnbc.com/2025/07/06/the-ceo-mindset-is-shifting-its-no-longer-all-about-winning.html

CEOs today aren’t just steering companies — they’re navigating a minefield. From geopolitical shocks and economic volatility to rapid shifts in tech and consumer behavior, the playbook for leadership is being rewritten in real time.

In an exclusive interview with CNBC earlier this week, McLaren Racing CEO Zak Brown outlined a leadership approach centered on urgency, momentum and learning from failure. 

— Spriha Srivastava

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