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Over three years of sharing intentions to bring a more affordable version of its flagship electric personal watercraft to market, Taiga Motors has officially launched the Orca Performance. This redesigned new model features the same specs as its predecessor, but at a more consumer-friendly price. Have a look.

Taiga Motors is a Quebec-based manufacturer that we’ve been following for years as it continues to reimagine the powersports segment for an all-electric future. This includes 100% electric snowmobiles and a zero-emission personal watercraft called the Orca.

In fact, Electrek‘s own Fred Lambert has been fortunate enough to out test out the all-electric Orca on the waters on Canada. The company currently sells the Orca Carbon for starting for over $26,000 – but back in 2020, Taiga vowed to deliver a lower priced model called the Orca Performance.

Now, three years later, Taiga Motors has made good on its promise and begun taking orders for the new Orca model.

Taiga Motors launches Orca Performance watercraft

Taiga Motors shared that the recent launch of the Orca Performance is the result of six years of research and development, resulting in a new electric watercraft that features differences you can and cannot see when you look at it.

For example, The Orca Performance features a hull made of Sheet Molded Compound (SMC), resulting in softer dampening properties that offer a smoother, quieter ride than the Orca Carbon whose hull is made of… wait for it… carbon fiber. A representative for Taiga told Electrek that the revamped hull design is also on the the main drivers of the Orca Performance’s lower price.

A factor you won’t visibly see on the Orca performance that is still vital to its price is Taiga’s re-thought manufacturing strategy that improves efficiencies and enables a model for mass production at scale. Taiga co-founder and CEO Sam Bruneau elaborated:

Orca Performance stands as a true game-changer. This groundbreaking model represents a leap forward in mass-market boating electrification, showcasing our commitment to pushing boundaries and delivering exceptional performance at competitive prices. Our design and engineering teams have pushed themselves, enabling us to optimize designs for high volume manufacturing without compromising the Orca’s distinctive character lines, agile hydrodynamics or exhilarating acceleration.

Other than the redesigned hull and manufacturing techniques, the Orca Performance delivers the same performance specs (seen above) as its carbon fiber sibling, but at a more affordable price Taiga hopes will entice even more consumers. How much you ask?

The new Orca Performance starts at $19,490 – $7,000 less than the Orca Carbon, making good on the price cut promised three years ago. Bruneau spoke again:

No more trips to the gas station, no more hauling fuel down to the dock or spills into the lake, and no more engine maintenance; Orca Performance truly redefines the experience of owning a personal watercraft. Spend an afternoon on the water with up to 2 hours of riding, charge, unplug and repeat. Orca Performance will keep delivering year after year with minimal maintenance so users can focus on what matters- exploring the great outdoors with friends, family, and conserving waterways for future generations.

Check out the new Orca Performance electric watercraft in action through Taiga’s video below:

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Offshore driller Transocean plunges after offering shares at a discount

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Offshore driller Transocean plunges after offering shares at a discount

Transocean Barents, an oil platform passes through Canakkale Strait as vessel traffic suspended in both directions in Canakkale, Turkiye on November 12, 2024.

Enishan Keskin | Anadolu | Getty Images

Shares of Transocean plunged Thursday after the offshore driller announced the sale of a large number of shares at a discount.

Transocean is planning to sell 125 million shares at a price of $3.05, significantly lower than Wednesday’s close of $3.64. It is offering 25 million shares more than it originally planned.

The Swiss company’s stock was last down 14.8% premarket. The offering is expected to close on Friday.

Transocean expects to book about $381 million from the sale. It will use the proceeds to pay off debt.

(Correction: Updates with correct share offering price.)

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NYC’s new 15 MPH speed limit for e-bikes goes into effect next month, but cars still get a pass

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NYC’s new 15 MPH speed limit for e-bikes goes into effect next month, but cars still get a pass

New York City’s new 15 mph speed limit for electric bikes is officially set to take effect next month, in what city officials claim is a move to improve street safety. But not everyone is convinced the crackdown is targeting the real threat on the roads.

The new limit, approved earlier this year, applies to e-bikes, mopeds, and other micromobility vehicles operating in city bike lanes. Riders caught exceeding 15 mph could face warnings or citations, though the exact enforcement strategy remains murky. The NYPD says it will focus on “education first,” but given the city’s track record, that could just be the calm before the ticket storm.

The rule comes amid growing concerns from some residents and officials about rising speeds among e-bike riders, especially delivery workers who often rely on throttle-equipped bikes to meet tight deadlines. But while the new speed cap is aimed at micromobility vehicles, there’s a noticeable omission: cars, trucks, and SUVs, which continue to be allowed to travel at 25 mph – and in practice, often much faster – even though they pose exponentially more risk to vulnerable road users and are responsible for orders of magnitude more deaths each year.

It’s a move that raises eyebrows and has resulted in thousands of publicly-submitted comments that the New York Department of Transportation has seemingly ignored.

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After all, the majority of traffic fatalities in New York City don’t involve e-bikes. They involve cars. And while some e-bike riders certainly ride irresponsibly, the blanket limit nearly cuts in half the more widely accepted e-bike speed limits used around the US, and doesn’t even apply to pedal bikes, which can easily exceed such speeds despite nearly identical average weights when factoring in the vehicle and rider. Not to mention, it ignores the critical role that e-bikes play in reducing traffic congestion and emissions, especially in the delivery and commuting sectors.

So while New York is slowing down its most efficient and sustainable form of urban transport, it’s letting the real heavyweights keep their speed. If the goal is safety, then it’s fair to ask: why aren’t cars being asked to go 15 mph too?

Because once again, it seems the rules are written for the powerful – not the vulnerable.

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Tesla is now buying ads on Elon Musk’s X to get people to vote for his $1 trillion compensation

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Tesla is now buying ads on Elon Musk's X to get people to vote for his  trillion compensation

Tesla is now buying advertising on Elon Musk’s X (formerly Twitter) to get Tesla shareholders to vote for his CEO compensation package worth up to $1 trillion in stock options.

Tesla, under Elon Musk’s leadership, has famously been against advertising. The CEO is even on the record saying that he “hates advertising” and that “other companies spend money on advertising and manipulating public opinion, Tesla focuses on the product.”

However, that was before he acquired Twitter, now X, which relies heavily on advertising.

After that, he started to push Tesla to do some advertising, but the company quickly stopped or greatly reduced its advertising efforts.

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We reported that Tesla’s advertising effort picked back up last week, starting with a few Google ads to encourage Tesla shareholders to vote for Musk’s new unprecedented CEO compensation package worth up to $1 trillion.

The automaker is in a full-on marketing blitz to convince shareholders to vote for the package and to allow Tesla to issue more shares in exchange.

Now, Tesla is even buying social media ads to push shareholders to vote for Musk’s compensation package and they are even buying ads on Musk’s privately owned platform, X:

They are also buying ads on Instagram, Facebook, and Reddit.

As we previously reported, Tesla’s board has claimed that voting for the compensation package will determine the future of Tesla.

Musk went even further and linked his compensation package to the future of the world.

Earlier today, the CEO claimed that his compensation plan is not about money, but about control over Tesla:

It’s not about “compensation”, but about me having enough influence over Tesla to ensure safety if we build millions of robots. If I can just get kicked out in the future by activist shareholder advisory firms who don’t even own Tesla shares themselves, I’m not comfortable with that future.

The CEO previously threatened Tesla shareholders not to build AI products at Tesla, despite claiming they were critical to the company’s future, if he doesn’t get 25% control over the company.

Electrek’s Take

The CEO of a publicly traded company threatens shareholders to gain control over the company and uses company funds to purchase ads that benefit his privately held company, with the goal of persuading the shareholders of the publicly traded company to give him more money.

If that’s not late-stage capitalism, I don’t know what is.

Also, I know I won’t shock anyone here, but Elon is lying about this not being about money.

If he wants to increase his percentage of Tesla shares, he could do exactly what his friend Larry Ellison did with Oracle and do long-term buybacks. It would benefit everyone, but it’s not what he wants. He wants the shiny new stock options.

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