Connect with us

Published

on

Tesla CEO Elon Musk and Christian Democratic Union (CDU) party leader Armin Laschet visit the construction site of Tesla’s Gigafactory in Gruenheide near Berlin, Germany, August 13, 2021.
Patrick Pleul | Reuters

Tesla CEO Elon Musk has said the fundamental good the electric car maker does will be measured in the acceleration of the world to sustainable energy.

Tesla’s role in the auto industry’s move to electrification is undeniable. Many major automakers are now investing billions in EV and battery manufacturing, and consumer interest in EVs continues to grow. While a Pew Research Center survey this summer found only 7% of U.S. adults currently had an electric or hybrid vehicle, 39% said they were considering an electric vehicle to be the next car they bought. 

“One of the many things he did is he pushed the industry toward taking EV seriously,” former Ford CEO Mark Fields said of Musk.

Tesla didn’t surpass 1% share of new car sales until 2018, but during the first half of 2021, Tesla’s share of the all-electric segment of the auto market stood at about two-thirds.

“Profitability as a pure EV maker is an accomplishment in and of itself,” said Driss Lembachar, manager of transportation and infrastructure research at Morningstar’s Sustainalytics.

Tesla‘s stock price, now near-$900, and its rise to a near-$1 trillion company, shows that investors have been rewarded for sticking with a company that five years ago traded under $50 amid constant reporting on financial struggles.

But for ESG analysts including Lembachar, “There is some room for improvement.”

Beyond Tesla earnings and sales

As Tesla gets set to report its latest earnings on Wednesday and demand for its EVs show continued growth, its balance sheet becomes less volatile, and it ramps up manufacturing around the globe — including operations in Europe and China — its success is also an indication that Tesla has passed beyond its roots as a California start-up. It’s becoming a mature automaker. That is one reason ESG experts are watching closely to see how Musk’s company evolves in relation to investor concerns about environmental, social and governance issues.

Yana Kakar, global managing partner emeritus at Dalberg, said when the ESG debate is boiled down to a choice between whether the product a company produces is good, such as a Tesla EV, or the way it produces the product is good, that is a mistake.

“That’s a false dichotomy,” she said. “There is no necessary tradeoff. It is not a zero-sum game.”

How a company produces its products can be a reflection of the same values in the products it creates, and “that is entirely achievable,” Kakar said. 

This debate over Tesla has a parallel to the rise of Silicon Valley companies that are “revolutionizing” industries and, as a result, have to keep their focus on that primary goal and not ESG.

“That attitude has been particularly prevalent in Silicon Valley,” said Jaakko Kooroshy, head of sustainable investment research at FTSE Russell. “But investors have come around to the view that a company can continue ‘saving the world’ and also have decent sustainability disclosures, and those disclosures do matter in the context of the company trying to save the world.” He added, “The line from Tesla for a very long time was ‘we are busy here saving the world so who cares about our emissions disclosures and corporate governance mechanisms.”

Tesla shareholders are pressing company on ESG

The recent Tesla annual shareholder meeting showed how investor pressure is being applied to the company, with a measure for diversity, equity and inclusion reporting approved by shareholders over management objections. The vote came shortly after a legal case in which a former Tesla contract worker sued over a hostile work environment and was awarded $137 million.

ESG experts say it is a sign that Tesla shareholders are making their voices heard, but it will be another year before ESG experts and shareholders can assess any changes made by Tesla in response to the shareholder measure. Shareholder measures are non-binding, and though corporate management often enacts changes in response to shareholder wins, it is not always with the scope or comprehensiveness that shareholders expected.

To date, in spite of all of the “good” the company is doing related to climate change, Tesla has not had the best ESG track record.

Paul Tudor Jones’ ESG firm JUST Capital ranks Tesla among the bottom 10% of all companies on ESG — its ESG methodology is weighted more heavily to broad social issues than climate specifically.

FTSE Russell has Tesla ranked last among carmakers globally on ESG issues.

Tesla did not respond to a request for comment on its ESG philosophy.

Environment and climate

ESG rating agencies, in the early days of the industry, don’t yet agree on how to assess Tesla even on the “E” of environment with which it is synonymous.

Lembachar said on the environmental pillar in ESG, “They are one of the best … it goes without saying they produce only cars without emissions, and they have been credited for that.”

But in 2018, FTSE Russell gave Tesla a “zero” on environment because even though its revenue sources are green and its cars are non-emitting, the company didn’t disclose its own operational emissions.

Historically, Tesla did not provide transparency in terms of reporting its Scope 1 and Scope 2 carbon emissions, water use, or waste management. But Tesla has improved as investors pressed for more information and it has started publishing more corporate disclosures in recent years, said Kooroshy, which has led to an improvement in Tesla’s environmental ranking in the FTSE Russell ESG analysis.

How Tesla deals with the waste it generates and its water usage, particularly as it is starting to scale around the world and provide millions of vehicles, does matter, he said. There are many ways to produce EVs, some cleaner and some more problematic, and supply chains and sourcing of raw materials such as cobalt, which goes into batteries, and human rights and labor issues in regions where minerals are sourced, need to be considered by investors as risk factors.

“What is clear is that Tesla has made some improvements, but compared to many of its peers in the auto industry, its environmental reporting is still fairly rudimentary,” Kooroshy said. “They are conscious of, and made commitments to disclose more data points in future, and as they do, when they do, we will see it reflected in those ratings.” 

Labor

On balance, social and governance issues remain the major hurdles for Tesla. MCSI places Tesla above average in its rankings, but not as an ESG leader.

“If you look at labor management or product safety quality, we see some issues there,” said Arne Klug, vice president of ESG research at MSCI. “We couldn’t say that the company’s programs, in terms of labor management, or product safety, quality, are really aligned with its growth strategy based on our assessment.”

In March, the National Labor Relations Board ruled that Tesla violated federal labor laws while United Auto Workers and other unions tried to organize at its original plant in Fremont, California. The NLRB also found Tesla guilty of “coercively interrogating” three employees over unionizing activities, illegally firing another and disciplining another.

For JUST Capital, worker issues are one of the primary reasons Tesla gets “tripped” up in its rankings, Whittaker said. How a company supports local communities, what is it doing on diversity, and what it is doing on fair pay and worker issues, are all issues that JUST weighs more heavily than climate alone in its overall ESG rankings because Whittaker said, “the public weighs them highly.”

The labor issues will pose a material risk to Tesla as it expands around the world, Lembachar said, as they do for any company with global operations where a confrontation with a labor force at one site can increase the risk of more general strikes.

“Workforce issues can have more of an effect now that the company is getting out of this start-up stage and expanding around the world and in Europe, where there is a really strong union tradition,” he said. “The company must be prepared for labor-related risks and, according to us, must have stronger labor-related programs prepared to tackle issues related to the expansion of its workforce engine around the world.”

Autopilot as an ESG issue

Tesla is facing investigations from the National Highway Traffic Safety Administration regarding Autopilot, the automated driving technology currently in Tesla’s Models 3, S, X and Y in 2021.

While it may at first not seem obvious how self-driving is an ESG issue, it in fact falls within traditional categories that date all the way back to the days of Ralph Nader and “unsafe at any speed”: product safety and passenger safety.

Lembachar said Tesla’s full self-driving (FSD) is something his firm receives a lot of questions about as an ESG scoring metric, but he says it is simple: “Anything related to passenger safety is product governance and falls under the ‘Social’ pillar. Everything related to recalls, accidents, defects, responsibility of company is product governance.”

He was quick to point out that if self-driving works it may ultimately cut down on accidents by as much as 90%, and Tesla is potentially far ahead of competitors with the technology. But in a period of time when it is being scrutinized as the cause of accidents and fatalities, self-driving remains a product governance negative, and that metric has a heavy weighting for the auto industry. That hits other companies, too, such as GM after its recent recall on electric cars due to battery fire risk. And Lembacher said these issues have a material cost: for GM, more than $1 billion in the case of the recalls. “That is a very material issue,” he said.

Corporate governance and Tesla’ ESG future

Even though tweets may seem ephemeral, Musk’s confrontation with the Securities and Exchange Commission over controversial tweets can negatively impact the company’s corporate governance score.

“In terms of corporate governance, we see the confrontation between Musk and the SEC as problematic,” Lembacher said. “Tweets are problematic when they change the share price and that can be harmful for shareholders … and that’s why the SEC has been flagging it. There is a risk that the regulator at some point will sanction the company and since we are running a risk rating product, we have to flag this issue.”

Questions also remain about the company’s acquisition of SolarCity, which was controlled by Musk’s cousins (a legal case is ongoing brought by shareholders).

The corporate governance issues raise a bigger question about Musk’s impact on ESG ratings.

“It is not enough to say the company is being run by a ‘genius’ and as a result, ‘please don’t ask us too many questions,” Kooroshy said. “There is no doubt about the achievements of this company, particularly about accelerating the transition to sustainable energy. This is stuff for the history books, but at the end of the day, for investors trying to understand how much of a portfolio to invest in this company … not enough, he said. “It’s still not a free pass. … Making these disclosures doesn’t stop them from innovating.”

Kakar said Tesla’s mission of accelerating the transition to sustainable energy, and its focus on that as an argument in its defense, is implicitly a relative statement comparing itself to other automakers, and that is where the false tradeoff comes in. “It is terrific they are making EVs … but relative to the next guy is not the important point, and doesn’t obfuscate responsibility.” 

Many ESG investors and ESG investment products today accentuate the “E” and climate specifically. “That’s where the action is at and investors have seen it as a good story, and if you think about environmental performance and climate as the big opportunities, you see Tesla as a big solution and will be attracted to it,” Whittaker said.

But as any company grows in scope and scale, the range of issues they have to contend with changes and investors will ask more about the “how” behind the growing business.

“That’s what is going to happen with Tesla as people become more aware of the social risk of how it operates,” Whittaker said. “It is bound to become more of an issue for investors and more of an operational risk for the company if it doesn’t perform well … more prominent in the overall calculus of company competitiveness and success.”

“That is not to say it won’t do well,” he added. “Musk is an incredible entrepreneur and business leader and I am sure if it becomes an issue he thinks will affect the value of the company or brand, he will respond accordingly. I expect it will become more of an issue for the management team to have to deal with.”

Continue Reading

Environment

Chevy lowers Equinox EV prices with a new 0% financing offer

Published

on

By

Chevy lowers Equinox EV prices with a new 0% financing offer

GM’s most affordable electric SUV just got a bit cheaper. Chevy introduced a new 0% financing offer on the 2026 Equinox EV, knocking about $4,000 off the price.

2026 Chevy Equinox EV financing offers

The electric Chevy Equinox is already one of the most affordable EVs you can get your hands on, with starting prices under $35,000.

Although the 2026 Chevy Equinox EV starts at $36,495, $1,500 more than the 2025 model year, Chevy is making up for it with its latest promo.

Chevy introduced a new 0% financing offer for 60 months on all 2026 Chevy Equinox EV trims last Friday. That’s a drastically lower rate than the previous 3.9% APR it was offering. According to online auto research firm CarsDirect, the rate cut could save you about $4,000 on a $40,000 loan.

Advertisement – scroll for more content

For comparison, Tesla is advertising a 3.99% APR financing rate for the Model Y Standard, which starts at $39,990.

You might even be able to finance the $44,000 RS trim for less than the Model Y. The sporty trim offers an upgraded design with 21″ black wheels, a blacked-out grille, and other RS-exclusive features.

Chevy-Equinox-EV-financing
Chevy Equinox EV RS (Photo: Chevrolet)

GM also extended the $1,250 conquest bonus to the 2026 Equinox EV. It’s available for those who own or lease a non-GM vehicle that’s at least a 2011 model year.

The 2026 Chevy Equinox EV starts at $36,495 with up to 319 miles of range, including a $1,395 destination fee. You can upgrade to AWD for an extra $5,300. The AWD variants offer up to 307 miles of range.

Chevy-Equinox-EV-financing
Chevy Equinox EV RS interior (Source: Chevrolet)

All 2025 model year Chevy electric vehicles, including the Equinox, Blazer, and Silverado, are available with 0% financing for 60 months.

Chevy Equinox EV trim 2025 Starting Price 2026 Starting Price EPA-estimated Range
LT 1 FWD $34,995 $36,495 319 miles
LT 1 AWD $38,295 $39,795 307 miles
LT 2 FWD $43,295 $43,295 319 miles
LT 2 AWD $46,595 $46,595 307 miles
RS FWD $44,795 $45,595 319 miles
RS AWD $48,095 $48,895 307 miles
2025 and 2026 Chevy Equinox EV price and range by trim (Including $1,395 destination fee)

You can also score a $3,000 Customer Cash bonus on the 2025 Chevy Equinox EV, plus the $1,250 conquest offer. The 2025 Chevy Blazer EV is available with $3,500 in Customer Cash and a $1,250 conquest bonus.

With an affordable price and over 300 miles of driving range, the electric Chevy Equinox has become the third-most-popular EV in the US, trailing just the Tesla Model Y and Model 3.

Want to check out Chevy’s electric vehicles for yourself? You can use our links below to find Chevy Equinox, Blazer, and Silverado EVs at a dealership near you.

FTC: We use income earning auto affiliate links. More.

Continue Reading

Environment

Anker launches SOLIX C2000 Gen 2 station starting from $749, save up to $1,116 during Tenways’ early Black Friday e-bike sale, more

Published

on

By

Anker launches SOLIX C2000 Gen 2 station starting from 9, save up to ,116 during Tenways' early Black Friday e-bike sale, more

Headlining today’s Green Deals is the official launch of Anker’s new SOLIX C2000 Gen 2 Portable Power Station and bundles that start at $749 for folks who took advantage of the early-bird savings promotion, while everyone else can score them starting from $799. We also have Tenways’ Early Black Friday Sale with up to $1,116 in savings on e-bikes, as well as select 50% off Power Bank (range extender) bundle options – all starting from $1,499. From there, we have exclusive Bluetti Halloween Sale deals on the Apex 300 Versatile Power Station and bundles starting from a new $1,349 low, as well as lawncare equipment from Worx and Greenworks, first savings on VIOFO’s new A229 Ultra dash cams, and more ongoing favorites waiting for you below. And don’t forget about the hangover deals from last week that are collected together at the bottom of the page, like yesterday’s Aventon Level 3 Smart Commuter e-bike early Black Friday savings, EcoFlow’s latest 48-hour Halloween flash sale that ends tonight, and more.

Head below for other New Green Deals we’ve found today and, of course, Electrek’s best EV buying and leasing deals. Also, check out the new Electrek Tesla Shop for the best deals on Tesla accessories.

man and woman sitting by lake with Anker SOLIX C2000 Gen 2 power station connected to RV

Anker officially launches new SOLIX C2000 Gen 2 power station and bundles with up to 50% savings from $749

Anker has officially launched its new SOLIX C2000 Gen 2 Portable Power Station with up to $1,100 savings, unless you subscribed ahead of time to receive the code that allows for additional savings from the brand’s direct website. For folks who missed out on the early-bird deals, you can pick up the power station on its own for $799 shipped, which is also matching in price over at Amazon. It will normally fetch $1,499 at full price once these launch deals end, with the folks who subscribed and scored the code ahead of time getting an additional $50 off the price for $749 shipped. These are the very first savings of $700 and $750 off the going rate, setting the bar for future deals. Head below to learn more about this station’s capabilities, as well as get the full lineup of bundle deals we’re seeing both from the brand’s website and Amazon.

Coming as a remodeling of the legacy F2000 model, Anker’s new SOLIX C2000 Gen 2 power station brings more power and faster charging within a smaller and lighter form factor. It’s base LiFePO4 battery capacity starts at 2,048Wh and can be expanded up to 4,096Wh with the expansion battery bundle below. Through its 11 output ports (five ACs, one TT-30R RV port, three USB-Cs, one USB-A, and a car port) it delivers up to 2,400W of power that can surge up to 4,000W, which beats out its predecessor by 400W.

Advertisement – scroll for more content

Anker’s SOLIX C2000 Gen 2 comes with six primary recharging methods, including an AC outlet (88 minutes for 100%), a gas generator (88 minutes for 100%), up to 800W of solar input (three hours for 100%), using both AC and solar simultaneously (58 minutes for 100%), your car’s auxiliary port (23 hours for 100%), or with the brand’s new 800W alternator charger.

***Note: The prices below do not factor in the early-bird savings code you should have received by subscribing ahead of this launch, so be sure to use it at checkout for even lower rates!

Anker SOLIX C2000 Gen 2 launch deals:

If you’re looking for something more compact, you can still score Anker’s PowerCore Reserve 60,000mAh/192Wh power station down at $80 right now. There’s also the brand’s Halloween Sale that is offering up to 63% discounts on units, with camping-ready solutions starting from $398, while we’re also seeing returning low prices on the SOLIX F3000 power station and bundles starting from $1,399, as well as the F3800 Plus power station and bundles starting from $2,599.

man and woman sitting on beach at night next to Tenways CGO600 Pro e-bikes

Get up to $1,116 early Black Friday savings on Tenways e-bike bundles starting from $1,499

Tenways has launched its Early Black Friday Sale, with up to $600 in savings on e-bikes alongside 50% off accessories, including the ongoing $1,116 savings on the AGO X All-Terrain Mid-Drive e-bike that gets a FREE Power Bank (range extender). Among the other deals we’re seeing, you can find Tenways’ CGO600 Pro Lightweight Commuter e-bike (both the chain and belt drives) with $118 in FREE add-on gear at $1,499 shipped – plus, you can add on a Power Bank (range extender) at 50% off on the page. Normally going for $1,899 in full, we’ve mostly been seeing the price taken down to $1,599 since March due to tariff hikes, with occasional falls lower to $1,499 for short timeframes. While we have seen it go lower in the past pre-tariff market, the deal here is a solid $400 price cut lending to a total $518 in savings ($672 if you add the Power Bank) that is the best price we’ve seen in our post-tariff market. You can also score an additional $150 off when buying two e-bikes together, with the usual medical provider, first responder, teacher, or military member discounts available too.

If you want to learn more about these particular e-bikes, as well as browse the full lineup of deals, be sure to check out our original coverage of this Early Black Friday Sale here.

father and daughter at camping table surrounded by lights powered by Bluetti Apex 300 power station

Bluetti offers up to 47% exclusive Halloween savings on its Apex 300 series starting from new $1,349 low

As part of its newly launched Halloween Sale, and running parallel to the ongoing exclusive Pioneer Na(Sodium) power station launch savings, we are seeing lower-than-ever pricing on the brand’s Apex 300 Versatile Power Station and its bundles. Prices start from $1,349.10 shipped for the power station alone, after using the exclusive code 9TO5TOYS10F at checkout (and which only works for this series). It’s been carrying a $2,399 MSRP since releasing in May, though we’ve regularly had exclusive deals for our readers that take significantly more off the tag. We spotted this station previously dropping down the lowest three weeks ago during Prime Day, when it hit $1,394, but that rate is beaten out here by $45, giving you a total $1,050 savings at the best price we have tracked.

If you want to learn more about this power station series, or see the full lineup of offers, be sure to check out our original coverage of these exclusive deals here.

man converting the Worx 20V 10-inch cordless chainsaw into a pole saw

Worx’s 20V 10-inch cordless chainsaw gains extended reach with the pole attachment for $130

Amazon is offering the versatile Worx 20V 10-inch Cordless PowerShare Pole/Chainsaw Kit at $129.99 shipped. While it carries a $190 MSRP directly from the brand, it’s been keeping to $158 at full price here, with discounts mostly dropping costs between $140 and $130, though we did spy a one-time drop to $102 back in February. Aside from the early-year deal, you’re getting the next-best price that we have tracked over 2025, with $28 cut from Amazon’s going rate (and $60 off the MSRP).

If you want to learn more about this handy 2-in-1 tool, be sure to check out our original coverage of this deal here.

man mowing front lawn with Greenworks 80V 21-inch cordless self-propelled SmartCut Lawn Mower

Best Fall EV deals!

Best new Green Deals landing this week

The savings this week are also continuing to a collection of other markdowns. To the same tune as the offers above, these all help you take a more energy-conscious approach to your routine. Winter means you can lock in even better off-season price cuts on electric tools for the lawn while saving on EVs and tons of other gear.

FTC: We use income earning auto affiliate links. More.

Continue Reading

Environment

Tesla signals Cybercab might actually get a steering wheel

Published

on

By

Tesla signals Cybercab might actually get a steering wheel

Tesla’s chairwoman said that the automaker might redesign the Cybercab, specifically add a steering wheel and pedals.

Last year, Tesla unveiled the Cybercab, a two-seater electric car without a steering wheel or pedals.

Musk was quoted during the design of the Cybercab:

No mirrors, no pedals, no steering wheel. Let me be clear. This vehicle must be designed as a clean robotaxi. We’re going to take that risk…But we are not going to design some sort of amphibian frog that’s a halfway car. We are all in on autonomy.

Here’s the interior of the Tesla Cybercab:

Advertisement – scroll for more content

The vehicle was one of several new, cheaper electric vehicles that Tesla was developing for its new ‘unboxed’ platform, but CEO Elon Musk canceled the others, believing they wouldn’t be needed with the advent of autonomous driving.

However, Tesla has yet to solve unsupervised autonomous driving, and Musk has been consistently wrong about predicting when it will happen.

Tesla plans to bring the Cybercab to production in 2026, and during Tesla’s earnings call last week, Musk said the Cybercab will account for the bulk of Tesla’s upcoming production growth.

That’s not going to happen if Tesla hasn’t solved unsupervised self-driving.

Furthermore, while federal regulations for self-driving vehicles have been relaxed recently, there’s only an exemption available for 2,500 passenger vehicles without a steering wheel or pedals per manufacturer per year.

Now, Tesla chairwoman Robin Denholm said in an interview with Bloomberg today that Tesla plans to add a steering wheel and pedals to the Cybercab if needed:

“If we have to have a steering wheel, it can have a steering wheel and pedals.”

Tesla is currently setting up Cybercab production at Gigafactory Texas near Austin.

The automaker has framed the vehicle as a cheaper alternative to Model Y for its Robotaxi service.

Electrek’s Take

Just yesterday, I was talking to my friend Bastien, and he called it. He told me he bets Tesla does launch the Cybercab next year, but with a steering wheel and pedals.

Now, let’s be clear. As of today, Tesla’s need for a steering wheel and pedals in the Cybercab is not driven by regulators, as Denholm suggests.

Tesla hasn’t solved unsupervised self-driving as evidenced by the current version of ‘Full Self-Driving (Supervised)’ in consumer vehicles, and its Robotaxi service still has safety monitors.

If Tesla wants to produce and deliver the Cybercab in any significant volume, it would need a steering wheel.

The regulations are just an excuse as of now.

It could change in the future, but for now, Tesla’s technology is without a doubt the limiting factor.

FTC: We use income earning auto affiliate links. More.

Continue Reading

Trending