Elon Musk has sold another tranche of Tesla shares, this time worth $3.6 billion, amidst ongoing chaos related to his twitter takeover. The sale was announced in a Form 4 filing with the SEC on Wednesday night.
The sale represents almost 22 million shares of TSLA sold over the course of the last three trading days, at share prices between $156-$176. TSLA stock has fallen about 20 points in that time period, losing more than 10% of its value.
Yesterday Musk took to twitter to reassure Tesla shareholders that they would âbenefit long termâ from his twitter ownership. We now know that, at the time, he was currently in the process of offloading tens of millions of shares.
This is not the first time Musk has sold TSLA shares since he first announced his bid to take over Twitter. The first was last December after running a twitter poll about whether he should purchase the company or not, after which he claimed to have sold roughly enough of his stake in Tesla to fund the purchase.
But thatâs not the only time he said he was done selling Tesla stock related to the twitter acquisition. In August, we reported on him selling $6.9 billion in stock, after which he explicitly said âYesâ when asked if he was âdone selling.â
Todayâs sale is Muskâs fourth major sale of Tesla stock related to the acquisition, now totaling about $16 billion worth. Musk purchased Twitter for $44 billion, though he did gain additional funding in the form of loans from outside sources. Those loans have a total interest bill of about $1 billion yearly â a significant cost for a company that had heretofore lost on the order of $200 million per quarter, while it was publicly run.
While we donât know about Twitterâs current financial situation as it is now private, available external signs point to trouble. There has been a drastic dropoff in advertising revenue, with advertisers pulling ads from the platform, and desktop visits to their ad manager software dropping by up to 85%.
Between additional costs for twitter and dropping revenue, Musk seems to have seen the necessity of freeing up more funding for his new company. While twitterâs new paid verification option may make up some of that revenue, it is unlikely to make a huge difference compared to the additional debt and loss of revenue that twitter is currently facing.
In the past, Musk had repeatedly stated that he would be the last person to sell Tesla stock.
Electrekâs Take
Yesterdayâs message that Tesla shareholders would âbenefit long termâ from Muskâs twitter ownership led us to wonder: âbut how?â In hindsight, it perhaps had something to do with preparing shareholders for todayâs large stock sale announcement.
In the Electrekâs Take section for that article (which I encourage you all to read), Fred mentioned the echo chamber that Musk has created around himself, and that even the superfans allowed into that echo chamber are currently questioning whether Musk is fit to lead Tesla.
He certainly seems distracted, spending so much of his time on Twitter issues, and very little on Tesla issues. And now, more Tesla stock is being sold to âthrow into the twitter dumpster fire,â as Fred so succinctly wrote. This puts downward pressure on Tesla stock, which makes it difficult to believe that the twitter takeover is helping TSLA shareholders or Teslaâs mission as a whole.
We here at Electrek are obviously interested in the electric vehicle revolution, as it is the one of the most significant ways that we can decarbonize society. As such, we support Teslaâs mission and think that the leading company in automotive electrification should have competent leadership paying attention to the needs of the company.
It is clear that this distraction is harming the companyâs perception in the public eye, and we would like to see less distraction from Tesla leadership.
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In a significant move that marks a departure from its traditional e-bike offerings, Trek has introduced the FX+ 1, its first-ever electric bike equipped with a throttle. This launch responds to growing consumer demand for more versatile and accessible e-biking options, particularly in the North American market.
The FX+ 1 is a hybrid e-bike designed for urban commuting, recreational riding, and light off-road adventures. At its core is a 500W Hyena rear hub motor delivering 60 Nm of torque, providing enough power for various terrain riding, though it might not be able to hang with the wide range of 750W e-bikes cruising US streets. The motor is paired with a UL-certified 540 Wh battery integrated into the downtube, offering a range of up to 50 miles on a single charge.Â
The top speed can be user-adjusted to either 20 mph or 28 mph (32 km/h or 45 km/h), providing performance that matches the maximum limit for Class 2 and Class 3 e-bikes in the US, respectively.
Riders can choose between two versions: the standard FX+ 1, a Class 2 e-bike with pedal assist and throttle support up to 20mph, and the FX+ 1S, a Class 3 variant that extends pedal-assisted speeds up to 28mph while maintaining the same throttle limit.Â
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The FX+ 1 boasts a lightweight aluminum frame available in both mid-step and high-step configurations, accommodating riders from 5â1â to 6â6â. It rolls on 27.5-inch wheels fitted with 50mm Bontrager GR0 gravel tires, balancing efficiency on pavement with comfort on rougher paths.Â
The bike includes with integrated front and rear lights, with brake light and turn signal functions as well. Trek even says that once the battery is depleted to 0%, thereâs still enough juice left in it to run the bikeâs lights for another three hours.
The bike also features an 8-speed Shimano ESSA drivetrain, hydraulic disc brakes with 180mm rotors, and mounts for racks and fenders, improving its utility for daily commutes and errands.Â
Charging is streamlined through Trekâs new EasyMag magnetic charger, which fully charges the battery in approximately 5.5 hours. The system includes a wall-mountable unit with easy-to-see LED indicators, simplifying the charging process. Â
Historically, Trek has focused on pedal-assist e-bikes, emphasizing a natural riding experience shying away from throttles that allow riders to power the bikeâs motor without any pedaling input. The introduction of a throttle-equipped model signifies a strategic pivot to meet the preferences of many North American e-bike consumers who have long shown a buying preference for e-bikes with throttles..
Taylor Cook, marketing manager for Trek Canada, explained the rationale: âThere are a lot of bikes out there calling themselves e-bikes that arenât really made to be pedaled. This isnât that. Itâs still a Trek bike, built to be ridden, just with an extra bit of help when you need it.âÂ
By entering the throttle e-bike segment, Trek positions itself head-to-head against newer brands that have capitalized on this market niche. The FX+ 1âs combination of reputable build quality, thoughtful design, and relative affordability (for a Trek) at $1,999 makes it a compelling option for a broad range of riders.
Electrekâs Take
The FX+ 1 is certainly an interesting expansion of Trekâs e-bike portfolio, and I think fans will be happy to see the company blending traditional cycling performance with modern electric bike throttles. Its introduction shows that the company is well aware of how many US riders prefer to have a throttle on their e-bike, and has made moves to meet that need.
The fact that Trekâs sister company Electra began including throttles two years ago was likely a great way for Trek to get its feet wet in the throttle game. The company no doubt saw the increase of riders that were flocking to Electraâs throttle-equipped electric bikes and wanted to get a piece of that pie as well.
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That network of dependable high-speed chargers, paired with solid app integration that makes it easy for Tesla drivers to find available chargers just about anywhere in the US, gave the brand a leg up â but no more. By opening up the Supercharger network to brands like Ford, Hyundai, Kia, and others, Tesla has given away its biggest competitive advantage.
Add in charging and route-planning apps like Chargeway, that make navigating the transition from CCS to NACS easier than ever with its intuitive colors and numbers and easy on/off switch for vehicles equipped with NACS adapters, and it feels like the time is right to start suggesting alternatives to the old EV industry stalwarts. As such, thatâs exactly what Iâm going to do.
Here, then, are my picks for the best Tesla S3XY (and Cybertruck) alternatives you can buy.
Less Model S, more Lucid Air
Lucid Air sedans; via Lucid.
Developed by OG Tesla Model S engineers with tunes from Annie Get Your Gun playing continuously in their heads, the Lucid Air promises to be the car Tesla should and could have built, if only Elon had listened to the engineers.
With panel fit, material finish, and overall build quality thatâs at least as good as anything else in the automotive space, the Lucid Air is a compelling alternative to the Model S at every price level â and I, for one, would take a âtoo f@#king fastâ Lucid Air Sapphire over an âas seen on TVâ Model S Plaid any day of the week. And, with Supercharger access reportedly coming later this quarter, Air buyers will have every advantage the Supercharger Network can provide.
HONORABLE MENTIONS
Less Model 3, more Hyundai IONIQ 6
2025 Hyundai IONIQ 6 Limited; via Hyundai.
Hyundai has been absolutely killing it these days, with EVs driving record sales and new models earning rave reviews from the automotive press. Even in that company the IONIQ 6 stands out, with up to 338 miles of EPA-rated range and lickety-quick 350 kW charging available to make road tripping easy â especially now that the aerodynamically efficient IONIQ 6 has Supercharger access through a NACS adapter (the 2026 âfaceliftâ models get a NACS port as standard).
Once upon a time, Mrs. Jo BorrĂĄs and I were shopping three-row SUVs and found ourselves genuinely drawn to the then-new Model X. Back then it was the only three-row EV on the market, but it wasnât Elonâs antics or access to charging, or even the Model Xâs premium pricing that squirreled the deal. It was the stupid doors.
We went with the similarly new Volvo XC90 T8 in denim blue, and followed up the big PHEV with a second, three years later, in Osmium Gray. When itâs time to replace this one, you can just about bet your house that the new 510 hp EX90 with 310 miles of all-electric range will be near the top of the shopping list.
The sporty EV6 GT made its global debut by drag racing some of the fastest ICE-powered cars of the day, including a Lamborghini, Mercedes-AMG GT, a Porsche, even a turbocharged Ferrari â and it beat the pants off âem. Combine supercar-baiting speed with an accessible price tag, NACS accessibility, $10,000 in customer cash on remaining 2024 models ($3,000 on 2025s) and just a hint of Lancia Stratos in the styling, the EV6 is tough to beat.
If you disagree with that statement and feel like driving a new Tesla Cybertruck is the key to happiness, Iâm not sure an equally ostentatious GMC Hummer EV or more subtle Rivian R1T will help you scratch that particular itch â but maybe therapy might!
HONORABLE MENTIONS
COMMENTER FAVORITES
Not getting the USAF joke.
Projecting obsessions onto the author.
Feeling butthurt about the Pit Vipers and tribal tats.
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Komatsu-Dimag mobile charger at work; rendering via ChatGPT.
Thereâs no question that electric construction equipment is safer, more precise, and generally better than the diesel equipment itâs replacing, but getting power to that equipment remains a logistical challenge that hasnât been solved for. With this new mobile Megawatt charging station, however, Komatsu think theyâve found a solution â with up to 6 MW of power!
Developed by Tesla co-founder Ian Wright, Dimaag, and Japanese equipment giant Komatsu, the groundbreaking Mobile Megawatt Charging System (MWCS) promises to bring electricity where itâs needed, anywhere on the job site, then quickly dispense enough energy to get the electric machines under its care back up and running.
And, with Megawatt power delivery on tap, the new Komatsu-Dimaag MWCS can power up equipment assets between shift changes â if it even takes that long!
Komatsu Dimaag mobile charger
Mobile Megawatt charger; via Dimaag.
The MWCS boasts a compact, high-efficiency DC-DC converter and a long-life, high-discharge-rate Battery Energy Storage System (BESS) on board that can be connected to a DC fast charger itself, or get âtrickle chargedâ between shifts. Both the battery and its control systems make use of an advanced thermal management solution that Komatsu and Dimaag say optimizes both safety and battery life during high-power delivery.
To make sure the MWCS can get all that power where it needs to, wherever it needs to, the machine is equipped with with stout, construction-grade AT tires, 4-wheel drive, and 4-wheel steering to navigate tight surroundings and rough terrains that other solutions wouldnât be able to get to. And, while it isnât mentioned in the press release, thereâs a common sense idea here that you could, in a pinch, use the MWCS to tow less capable vehicles out of the mud and snow, if needed.
For their part, it seems like the people at Dimaag are pretty happy with the results. âDimaag is excited to collaborate with Komatsu, introducing our advanced ESS and DC-DC architecture to revolutionize electrification in construction,â stated Ian Wright, VP Engineering at Dimaag. âOff-road vehicle electrification demands practical solutions that not only meet but exceed the performance of equivalent large diesel engine vehicles, while also providing substantial Total Cost of Ownership (TCO) savings. Dimaagâs electrification and high-power megawatt charging systems are designed to achieve this.â
The prototype MWCS shown, above, features a 295 kWh battery pack and an MCS connector delivering up to 1,500 amps and 1,000 volts of power. Komatsu envisions a scenario wherein the mobile charger makes its rounds on the job site charging up equipment and heading back to grid power (if available) to charge itself.
Conceptually similar to the mobile power platform being developed by American firm Dannar, this new mobile Megawatt charging unit has some heavy-hitting names behind it that make it impossible to ignore. Combine that with Komatsuâs ever-increasing push towards full electrification (the two machines shown, above, are all-new in the last 60 days, with more to come) and it really feels like the MWCS is going to be A Real Thingâ˘ď¸somewhat sooner than later.
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