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Tesla’s stock (TSLA) tumbled today on price cuts across its lineup and the dream sold by Elon Musk that Tesla vehicles will become an “appreciating asset” is going away.

The automaker did a bit of a news dump late last night with the release of the updated Model 3 in Europe and Asia.

While the launch of the new version was bad for the company, the other two changes to Tesla’s lineup were not a good look.

Tesla updated Model S/X configurations and slashed the price of the FSD package.

With the Model S and Model X, Tesla killed each vehicle’s software-locked Standard Range versions despite launching them just a few weeks ago.

On top of getting rid of the Standard Range versions, Tesla slashed the price of the Long Range versions by $15,000.

Those kinds of price cuts show that Tesla is having some demand issues for its top-of-the-line vehicles.

As for the FSD package price cut, it was slashed from $15,000 to $12,000, and that presents a whole other set of issues.

It opens up a weird can of worms.

Tesla CEO Elon Musk famously said that Tesla vehicles have become “appreciating assets” due to the Self-Driving (FSD) package.

The logic behind the claim is that he believes as Tesla improves its FSD package through software updates, it would increase the value of Tesla vehicles. To reflect that, he said that Tesla would incrementally increase the price of the FSD package.

Musk suggested that the value of FSD could end up closer to $100,000 to $200,000 once fully autonomous, but those claims have yet to materialize, and Tesla has missed several of Musk’s public timelines to achieve self-driving.

At least, Tesla has been gradually increasing the price of the package, which has created a sense that people who bought FSD early were getting a deal compared to those buying it now.

But now, Tesla is going back by reducing the price of the FSD package by $3,000.

Considering the fact that Tesla has yet to deliver on its promise under the package, those who bought it for $15,000 believing that it would keep going up if they wait have an argument to be reimbursed the difference.

The good news for Tesla is that it shouldn’t be a massive bill for the automaker as the FSD take-rate is estimated to be under 8% globally and under 15% in the US, where the price cut was implemented.

The Model S/X demand problem and the FSD pricing fiasco might explain why Tesla’s stock is down almost 6% today despite the market being flat.

Electrek’s Take

I think it’s clear that Tesla is having some issues with Model S and Model X demand and those price cuts will hurt margins.

However, a big reason that those models are having demand issues in the US is the fact that people feel like they are leaving money on the table because they were not eligible for the federal tax credit.

Now that the Model X starts under $80,000, it will help greatly on that front.

As for the FSD pricing, that’s quite a mess. I think Tesla should offer a $3,000 rebate for anyone who paid $15,000 – if anyone actually paid $15,000 for FSD.

I know it’s not the case, but it would be funny if Tesla reduced the price because FSD Beta is getting worse. I’ve had a horrible experience with the latest update.

If the plan is to increase the price as FSD beta gets better, it would make sense to reduce the price when they have a bad update.

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Hyundai cuts 2025 IONIQ 5 lease prices to just $179 per month

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Hyundai cuts 2025 IONIQ 5 lease prices to just 9 per month

Hyundai’s electric SUV is more affordable than ever. After cutting lease prices again this month, you can lease the new 2025 Hyundai IONIQ 5, which now features a longer range and a Tesla NACS charging port, for just $179 per month.

Hyundai cuts 2025 IONIQ 5 lease prices again in June

The 2025 Hyundai IONIQ 5 is better in every way possible compared to the outgoing model. It now boasts up to 318 miles of driving range, sleek new styling both inside and out, and an NACS port, allowing you to charge at Tesla Superchargers.

Hyundai’s electric SUV remains a top seller in the US with nearly 16,000 models sold through May. After cutting lease prices again in June, Hyundai looks to draw in even more buyers.

The 2025 Hyundai IONIQ 5 SE Standard Range RWD is now listed at just $179 for 24 months with $3,999 due at signing. That’s a notable difference from May.

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Last month, IONIQ 5 lease prices started at $209 a month. Although that was considered one of the best EV deals, the new rate will save you $30 a month.

Hyundai-2025-IONIQ-5-lease
2025 Hyundai IONIQ 5 Limited (Source: Hyundai)

The SE Standard Range trim starts at $43,975, with a driving range of up to 245 miles. However, the extended range SE model may be an even better deal. You can upgrade to the longer-range SE trim, which has up to 318 miles of range, for just $199 a month.

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2025 Hyundai IONIQ 5 Limited interior (Source: Hyundai)

You can even lease the off-road XRT variant for $299 a month right now. Hyundai’s offers end on July 7 and include the $7,500 federal EV tax credit.

2025 Hyundai IONIQ 5 Trim EV Powertrain Driving Range (miles) Starting Price*  Monthly lease price June 2025
IONIQ 5 SE RWD Standard Range 168-horsepower rear motor 245 $42,500 $179
IONIQ 5 SE RWD 225-horsepower rear motor 318 $46,550 $199
IONIQ 5 SEL RWD 225-horsepower rear motor 318 $49,500 $209
IONIQ 5 Limited RWD 225-horsepower rear motor 318 $54,200 $309
IONIQ 5 SE Dual Motor AWD 320-horsepower dual motor 290 $50,050 $249
IONIQ 5 SEL Dual Motor AWD 320-horsepower dual motor 290 $53,000 $259
IONIQ 5 XRT Dual Motor  AWD 320 horsepower dual motor 259 $55,400 $359
IONIQ 5 Limited Dual Motor AWD 320-horsepower dual motor 269 $58,100 $299
2025 Hyundai IONIQ 5 prices and range by trim (*includes $1,475 destination fee)

As an added bonus, Hyundai is still offering a free ChargePoint Level 2 home charger with the purchase or lease of a new 2025 IONIQ 5. If you already have one, you can opt for a $400 public charging credit.

With Trump’s “One Big Beautiful Bill” calling to end federal EV incentives, including the $7,500 tax credit, many of these savings will soon dry up.

Want to check out Hyundai’s electric SUV for yourself? With leases as low as $179 per month, it’s hard to pass up right now. You can use our link to find deals on the 2025 Hyundai IONIQ 5 in your area (trusted affiliate link).

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Pipeline giant Enbridge just lit up its first Texas solar farm

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Pipeline giant Enbridge just lit up its first Texas solar farm

Canadian oil and gas pipeline giant Enbridge just launched its first solar farm in Texas, adding more clean energy to its “all-of-the-above” energy mix, mainly fossil fuels.

Enbridge’s Orange Grove Solar project in Jim Wells County now sends up to 130 megawatts (MW) of clean electricity to the Texas ERCOT grid. That’s enough to power around 24,000 homes. Roughly 300,000 solar panels stretch across 920 acres.

AT&T has signed a long-term virtual power purchase agreement for all the output from Orange Grove. That deal helps AT&T reduce its carbon footprint and stabilize long-term energy costs.

“We are pleased to be able to deliver additional zero-emission electricity into the grid in support of local and Texas state-wide economic growth and energy demand,” said Matthew Akman, Enbridge’s EVP of corporate strategy and president of its power business.

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This isn’t Enbridge’s first dip into renewables: it bought its first wind farm in 2002, and it says its renewable assets are part of its plan to achieve net zero by 2050.

But Enbridge is still ultimately best known for its oil and gas pipelines – and its troubled environmental history. In 1991, the company was responsible for the largest inland oil spill in the US, in Minnesota. It’s faced criticism for other spills and environmental risks tied to its pipeline network, which is the longest across North America and the largest oil export pipeline network in the world.

Enbridge is building a second, much larger solar farm southeast of Abilene in Callahan County. Called the Sequoia Solar project, it’s expected to generate 815 MW of power – more than six times the size of Orange Grove – making it one of the biggest solar farms in North America once it’s complete.

Both projects are part of Enbridge’s growing push into clean power, especially in Texas, where demand for electricity in the ERCOT market keeps climbing. It’s a notable shift for a company still deeply rooted in fossil fuels without plans to abandon them. But it’s now tapping into the sun as part of its evolving energy portfolio.

Akman continued, “Enbridge is proud to operate a wide range of critical energy infrastructure across the Gulf Coast area, including liquids pipelines and export facilities, natural gas pipelines and storage, as well as wind and now solar power.”

Read more: Texas just shot its wind + solar boom in the foot on purpose [Update]


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Your personalized solar quotes are easy to compare online and you’ll get access to unbiased Energy Advisers to help you every step of the way. Get started here. –trusted affiliate link*

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The Kia EV4 actually looks pretty sharp in real life [Video]

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The Kia EV4 actually looks pretty sharp in real life [Video]

Kia’s new entry-level EV was spotted driving in the US with its official launch just around the corner. The EV4 is Kia’s first electric sedan, and in real life, it looks even better.

Kia EV4 spotted in real life on US streets

We’ve been waiting since Kia’s first annual EV day in 2023, when we first saw the concept for the electric sedan, to finally arrive. The EV4 is part of the brand’s new lineup of entry-level electric vehicles, alongside the EV2, EV3, and EV5.

After opening EV4 pre-orders in Korea earlier this year, Kia is preparing to launch it globally. The electric car starts at about $30,000 (41.92 million won) in its home market.

Similar to Korea, the EV4 will be offered in the US with two battery options: 58.3 kWh and 81.4 kWh. The entry-level “Light” trim will come with a standard 58.3 kWh battery, which Kia estimates will provide a range of 235 miles.

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The Wind and GT-Line trims will be available with the long-range 81.4 kWh battery, providing up to 330 miles of range.

Kia-EV4-real-life
2026 Kia EV4 (Source: Kia)

Kia says the EV4’s sports car-like design contributed to its impressive driving range. With a drag coefficient of just 0.23, the EV4 is Kia’s most aerodynamic vehicle yet.

It will also come with a built-in NACS port on the front passenger side for charging at Tesla Superchargers. With DC fast charging, the EV4 can recharge from 10% to 80% in about 29 minutes (Light battery). The long-range (81.4 kWh) battery will take around 31 minutes.

Kia-EV4-real-life
2026 Kia EV4 electric sedan (Source: Kia)

The EV4 was recently spotted driving in the US ahead of its official launch, giving us a better idea of what Kia’s electric sedan looks like in real life.

The video, courtesy of KindelAuto, shows the EV4 with Michigan plates on public roads. You can see it’s not your average four-door sedan. Kia calls it an “entirely new type of EV sedan” with a wide, low stance.

2026 Kia EV6 spotted driving in the US ahead of upcoming launch (Source: KindelAuto)

Kia’s new “EV Tiger Face” design is showcased up front, featuring vertical headlights and its signature Star Map lighting.

The interior will feature nearly 30″ of screen space as part of Kia’s new connected car Navigation Cockpit (ccNC) infotainment system.

kia-ev4-interior
Kia EV4 GT-Line interior (Source: Kia)

The setup includes dual 12.3″ driver display and navigation screens, plus a 5″ climate screen. It also offers wireless Apple CarPlay and Android Auto support.

Kia will launch the EV4 in Europe later this year and in the US in early 2026. We will learn prices closer to when it arrives, but Kia’s electric sedan is expected to start at around $35,000 to $40,000.

We also got a look at the upcoming EV4 GT this week, after it was spotted outside Kia and Hyundai’s facility in Korea.

What do you think about Kia’s first electric sedan? Would you buy one for around $35,000? Let us know in the comments.

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