Solaray Director Jonathan Fisk moves a solar panel at the solar power installation company’s Sydney facility.
Jason Reed | Reuters
Shares of Enphase Energy surged more than 12% during extended trading on Tuesday after the company reported record revenue during the third quarter, despite ongoing headwinds from supply chain bottlenecks.
The company, which makes microinverters and backup energy storage for solar systems, posted sales of $351.5 million during the period, compared to the $345 million analysts surveyed by StreetAccount were expecting.
Revenue jumped 11% quarter over quarter, and was nearly double the $178.5 million earned during the third quarter of 2020. The company also issued upbeat guidance, saying it expects fourth quarter revenue to be between $390 million and $410 million. Wall Street analysts were expecting revenue guidance of $373.6 million, according to estimates from StreetAccount.
Still, while CEO Badri Kothandaraman said business is booming, Enphase, like companies across sectors and industries, is facing supply chain constraints. In an effort to get products to consumers faster, the company qualified alternate suppliers during the quarter, and also chose to airship some microinverters. That significantly increases costs, and combined with ocean freight rates rising by eight times, the company opted to pass along some of those costs to the consumer by raising prices. Enphase is planning to once again raise prices during the fourth quarter.
“Every component in the supply chain is stressed,” Kothandaraman told CNBC. “It is all hand to mouth…every cost is going up and that’s happening right now.” He noted that a shipping container that cost $2,000 last year now costs $16,000.
While Kothandaraman expects the company to navigate the supply chain headwinds during the current quarter, he did not issue any guidance for next year. But this is not a deviation from the normal — Enphase never issues outlook beyond the current period.
“The situation is dynamic. What’s happening on logistics tomorrow may be totally different…the situation is changing every day,” he said, while adding that the fourth quarter looks better on the microinverter front than the third quarter, just as the third quarter looked better than the second quarter. Logistics around batteries, which can’t be shipped by air, have gotten worse, however.
But the company doesn’t envision any slowdown in demand for products despite longer delivery times. Enphase expects to ship between 90 and 100 megawatt hours of storage systems in the fourth quarter, up from 65 megawatt hours during the third quarter.
Enphase has focused on cutting costs, and raising prices for consumers will help offset growing expenses. But gross margins could edge lower during the current quarter. Third-quarter GAAP gross margins came in at 39.9%. Guidance for the fourth quarter puts that number between 37% and 40%.
The company is also expanding its product base. On Monday Enphase announced the IQ8 — a new microinverter that allows a solar system to continuing functioning even if the grid goes down, and without on-site storage.
“Overall, it was a strong quarter, as higher logistics costs were offset by pricing increases and cost management and microinverter demand continues to outstrip supply,” Citi wrote in a note to clients following the earnings announcement.
Shares of Enphase are down 1% for 2021 as of Tuesday’s close.
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.
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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 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 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.
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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.
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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!
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.
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.
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).
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.
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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:
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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.
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