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Tesla’s Virtual Power Plant program, a way for Powerwall owners to make money selling energy to the grid in times of need, is rolling out to San Diego Gas & Electric utility customers now.

SDG&E announced late last month the start of its own virtual power plant (VPP) program which would leverage household backup batteries and smart devices to reduce demand and increase supply of electricity to the grid during “demand response” events – when the grid is stressed and needs to spin up extra capacity to keep the lights on.

However, Tesla’s program is separate from SDG&E’s, even though it’s part of the same service area.

Demand response events are often expensive, because the price of a blackout is high, and the price of marginal electricity generation (often via gas peaker plants) is costly both economically and environmentally. During last year’s record heat wave, the wholesale spot price of electricity got as high as ~$2,000/MWh in parts of the state (as of the writing of this article, the price is currently ~$49/MWh).

A home or business with access to energy storage might want to leverage that storage by buying electricity while it’s cheap, and then discharging it to the grid while it’s very expensive. While this is possible on a home-to-home basis by arbitraging cheap off-peak energy and using it during on-peak times, it isn’t really great for widespread grid events unless several home storage systems can be joined together.

What does a Virtual Power Plant do?

Enter the VPP, which combines thousands of internet connected devices across a wide area and manages them all together in order to make a significant difference on the grid in times of need.

SDG&E has been running its own pilot VPP program since December, which has been tested 17 times. Participants get a message that a demand response event is coming and can choose to opt-out for certain devices (for example, to keep their air conditioning running at full blast). SDG&E says that the opt-out rate has been very low so far, suggesting that participants are happy to do their part when the grid is in need.

We saw similar behavior statewide in California last year when the grid faced its highest level of demand ever recorded on an exceptionally hot day. California’s grid operator sent out a text message to everyone in the state asking them to conserve energy, and Californians reduced their energy use by multiple gigawatts in mere minutes, thus saving the grid from overloading statewide.

But with a virtual power plant, participation doesn’t need to be voluntary, it can be automatic (for those who have signed up). And in exchange for the valuable benefit of helping to avoid blackouts by adding electricity to the grid when it is most expensive, VPP participants can be paid for their service.

We’ve already seen this happening with one of the largest and earliest VPPs out there, Tesla’s VPP in Northern California, in the service area of Pacific Gas & Electric. We saw participants receive checks of up to $575 for their first year of participation in the program.

Growth of Tesla VPP as it expands to San Diego

Tesla’s VPP program has been growing. Last time we checked in last year, it was capable of providing 50 MW across California, which is about as much as one average gas peaker plant (the state has about 7GW of gas peaker capacity total). This was right after Tesla opened up the program to SoCal Edison customers.

As of now, the site we were using to track growth has changed its measurements a little, but it looks like the system can provide ~116MWh of potential backup energy – so as much as running two gas peaker plants for an hour or so.

And as of now, Tesla Powerwall owners in San Diego can join the Virtual Power Plant program by enrolling through the same Tesla app which they use to manage their Powerwall.

All owners need to do is open up their app to the Powerwall page and tap on the “Virtual Power Plant” item, which should be at the top of the list, as seen below:

Tesla will provide an estimate of how much you can earn by participating in the program, based on the size of your system and your standard usage. Of course this is just an estimate, and you can always change your settings or usage to try to maximize this number, especially on days where demand response events are likely (e.g., hot days in California, which tend to stress the grid the most due to overuse of air conditioning).

In addition to California’s struggles with hot weather events (which are worsening due to climate change), SDG&E has rather wide time-of-use rates, with super off-peak rates of 24 cents per kWh, raising as high as 70-80 cents during on-peak times. This makes Powerwalls more attractive due to the possibility of energy arbitrage – and even more attractive during demand response events, where effective wholesale rates can go much higher than that.

Tesla also is also working on rolling out VPPs to Texas and Puerto Rico, and has another massive VPP in South Australia, an area which has been struggling with electricity issues for years now.

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Kia’s first electric hatchback is here and it has nearly 400 miles range: Meet the EV4 hatch

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Kia's first electric hatchback is here and it has nearly 400 miles range: Meet the EV4 hatch

Who said hatchbacks are going out of style? Kia’s first electric hatchback, the EV4, went on sale in the UK on Monday, offering the longest driving range of any of its EVs to date. Here’s a full breakdown of prices and specs.

Meet the EV4, Kia’s first electric hatchback

After launching the sedan version in Korea in April, the EV4 already took the top spot as the best-selling domestic electric sedan in its second month on the market. It’s already being called a “box office hit.” Now, the new hatch variant is officially on sale.

Kia opened orders for the EV4 hatchback in the UK on Monday, starting from £34,695 ($47,700). The EV4 is Kia’s first crack at an electric hatchback.

With an impressive 388 miles of WLTP driving range, it’s also the longest driving range of any EV Kia has ever produced.

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The hatch is based on the same E-GMP platform as the EV4 sedan and Kia’s other electric vehicles, but it’s custom-tailored for European buyers.

The base EV4 “Air” is available with two battery packs: 58.2 kWh or 81.4 kWh, providing a WLTP driving range of up to 273 miles or 388 miles on a full charge. Kia said it’s the brand’s first electric vehicle offering a range of over 380 miles.

Kia-EV4-first-electric-hatchback
Kia EV4 hatchback GT-Line (Source: Kia)

The sporty “GT-Line” and top-spec “GT-Line S” variants are available exclusively with the extended range (81.4 kWh) battery, which offers a range of 362 miles.

All EV4 hatchback models are powered by a single front motor with 201 bhp (150 kW) and 283 Nm of torque, good for a 0 to 62 mph sprint in 7.5 secs.

Kia's-first-electric-hatchback
Kia EV4 hatchback (Source: Kia)

The interior features a similar setup to Kia’s latest EV models, like the EV3 and EV9, with its new connected car Navigation Cockpit (ccNC) at the center. The setup features dual 12.3″ driver clusters and infotainment screens in a curved panoramic display. An additional 5.3″ touchscreen for climate control is included for easy access to heating and ventilation functions.

Like the EV3, Kia’s electric hatchback will include an AI Assistant, powered by ChatGPT. It will also be the brand’s first vehicle with several entertainment settings, including “Rest mode” and Theatre mode.”

Kia-EV4-first-electric-hatchback-interior
Kia EV4 hatchback interior (Source: Kia)

With all the seats upright, the electric hatch has a boot space of 435 liters, which Kia claims makes it “one of the most practical vehicles in its segment.”

With a length of 4,430 mm, a width of 1,860 mm, and a height of 1,485 mm, the EV4 hatchback is about the size of Kia’s XCreed.

The EV4 hatch can recharge from 10% to 80% in 29 minutes, while the larger battery will take approximately 31 minutes to charge using a 350 kW DC fast charger.

Kia EV4 hatchback trim Starting Price Driving Range
(WLTP)
Air Standard Range £34,695 ($47,700) 273 miles
Air Long Range £37,695 ($51,700) 388 miles
GT-Line £39,395 ($54,000) 362 miles
GT-Line S £43,895 ($60,200) 362 miles
Kia EV4 hatchback prices and range in the UK

Kia opened orders for the new electric hatch on Monday, July 1. It will join the EV3, EV6, and EV9 in the brand’s European lineup. The EV4 hatchback will be built at Kia’s plant in Slovakia to expedite deliveries, which are scheduled to begin in the Fall.

Kia also announced on Monday that a new EV4 Fastback variant will join the lineup, but didn’t offer any additional details. More info, including prices and specs, “will be revealed in due course.” Check back soon for the latest.

What do you think of Kia’s first electric hatchback? Would you buy one in the US? Unfortunately, it’s not likely to make the trip overseas, but we will see the sedan version launch at some point in early 2026. Let us know your thoughts in the comments.

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Tesla (TSLA) is about to release Q2 deliveries: here’s what to expect

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Tesla (TSLA) is about to release Q2 deliveries: here's what to expect

Tesla (TSLA) is about to release its Q2 2025 delivery and production results. Here, we examine what Wall Street expects and what would make sense in reality.

Wall Street has struggled to understand Tesla’s decline in deliveries over the past year.

The analyst consensus for the first quarter was over 450,000 deliveries in January, but that number dropped to 377,000 deliveries by the end of the quarter.

They had to adjust down by 73,000 units, or about $3 billion in sales, over just two months, and they still got it wrong by more than 40,000 units.

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Something similar is happening this quarter.

The Wall Street consensus was for 444,000 deliveries in April, indicating that analysts believed Tesla when it stated that the poor performance in the first quarter was solely due to the Model Y changeover and that it could return to growth or maintain demand, as it had delivered approximately 444,000 vehicles in Q2 2024.

However, that consensus waned throughout the quarter as data confirmed that Tesla is not production-constrained, yet still faces significant demand issues.

The Wall Street consensus for Tesla’s Q2 deliveries is now at 385,000 vehicles.

This represents a 13% decline year-over-year, despite Tesla currently offering record discounts and incentives, including 0% financing on both the Model 3 and Model Y in most markets.

However, it is likely that analysts are again overestimating deliveries.

Electrek’s Take

We have great data in Europe and China, where Tesla is basically down by a few thousand units despite the new Model Y being widely available during the second quarter.

The only primary market with limited data for the second quarter is the US.

The US is likely where the new Model Y had the biggest positive impact, and Tesla will need to perform well there for deliveries to surpass its Q1 2025 results.

The automaker has no chance at annual growth in the second quarter, but based on the best data available, I think it should end between 330,000 and 360,000 units – way below the current analyst consensus.

The lower end of the spectrum would result in a massive 25% drop in annual deliveries, while the higher end would result in a still significant 19% drop.

There’s no other way to cut it: Tesla’s automotive business is in crisis.

The crazy thing is that Wall Street is completely missing this story and only adjusting for the decline throughout the quarter.

At the end of the first quarter, analysts still expected Tesla to avoid a decline in deliveries in 2025, with approximately 1,850,000 vehicles.

The consensus now stands at 1.6 million units, which is still likely too high by 100,000 units, representing billions of dollars in sales.

Furthermore, they predict that Tesla will experience a resurgence in growth in 2026, despite the EV tax credit being eliminated in the US, its least affected market so far.

Tesla has minimal prospects for returning to automotive growth beyond some significant reforms that are nowhere in sight, given Musk’s leadership.

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Tesla (TSLA) crashes after Trump threatens to set DOGE on Elon Musk

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Tesla (TSLA) crashes after Trump threatens to set DOGE on Elon Musk

Tesla’s stock (TSLA) crashed by as much as 5% in pre-market trading after President Trump threatened to set DOGE on Elon Musk, who has been criticizing his ‘Big Beautiful Bill’.

After being kindly shown the door to the White House last month, Musk had a brief moment of clarity and started to criticize Trump and the Republican party, which he helped elect with almost $300 million of his own money in the 2024 elections.

He highlighted how Trump’s “Big Beautiful Bill” is expected to increase the deficit and debt. The Tesla CEO even linked Trump to Jeffrey Epstein, something that has been well known for decades, but Musk conveniently ignored it as he was backing the President and wearing hats that read, “Trump was right about everything.”

Musk quickly calmed down and even apologized for “going too far” and started praising Trump again.

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That didn’t last long.

Over the last few days, as the Senate attempts to pass Trump’s budget and tax bill, Musk has renewed his efforts to halt the legislation.

The CEO appeared to renew the attacks after the Senate updated the bill to kill the EV incentive sooner and to increase taxes on solar and wind projects.

However, Musk said that he doesn’t mind EV and renewable energy subsidies going away, but he believes that fossil fuel subsidies should also be removed, which is not in the plans at all.

Trump campaigned on Musk’s money, claiming that he would get America to “drill, baby, drill” again.

The CEO went as far as threatening any Senator who vote for the bill, all Republicans, to face his money in their next primary. He added that if the bill passes, he will create a new “America Party.’

Musk’s attacks have focused on the bill itself and the Republicans voting for it, but Trump likes to call it his bill, and unsurprisingly, he is unhappy with Musk.

Last night, he took to Truth Social to highlight again that Musk “would probably have to close up shop and head back to South Africa” without US government subsidies.

The President then suggested that he could have DOGE, a department that Musk created, go after him and the subsidies that his companies get:

Elon Musk knew, long before he so strongly Endorsed me for President, that I was strongly against the EV Mandate. It is ridiculous, and was always a major part of my campaign. Electric cars are fine, but not everyone should be forced to own one. Elon may get more subsidy than any human being in history, by far, and without subsidies, Elon would probably have to close up shop and head back home to South Africa. No more Rocket launches, Satellites, or Electric Car Production, and our Country would save a FORTUNE. Perhaps we should have DOGE take a good, hard, look at this? BIG MONEY TO BE SAVED!!!

Tesla’s stock dropped by more than 4% in pre-market trading following the President’s threat.

Musk responded to the President by pointing out that he is asking to remove the subsidies, but he didn’t add his usual caveat of also removing all subsidies for fossil fuel.

Electrek’s Take

It’s both sad and funny to see Elon now. It’s sad because the US is plunging back into an energy dark age of relying on fossil fuels. Still, it’s amusing because Elon is acting as if he’s just now realizing what he has done, despite everyone but a few cult members screaming at him that this was going to happen for the last year.

Elon got what he wanted out of Trump with his $300 million, and now, he realizes that his influence has limits and that Trump is going to do way more damage than just what Musk wanted out of him: to stop illegal immigration and the so scary “woke mind virus.”

The result will be a significant blow to the growth of electric vehicles and clean energy in the US, and Tesla will be affected in the process, exactly what we have been saying for the last year.

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