Tensions in the Mideast are as high as they’ve been in recent memory after Saturday’s invasion of Israel and the massacre of its citizens by the terrorist group Hamas. The deadliest attack on Israel in a half-century sparked volatility in financial markets and could have ripple effects for investors around the world depending on what happens in the coming days and weeks. The fighting caused an expected rise in U.S. and global oil prices. West Texas Intermediate crude, the American benchmark, jumped more than 4% on Monday. Brent crude, the international standard, rose by a similar amount. The Dow Jones Industrial Average , the S & P 500 and the Nasdaq on Monday reversed steep earlier declines and traded higher. Reaction in the U.S. bond market, which was closed Monday for Columbus Day, will have to wait another day. If stocks had been forced to contend with a higher 10-year Treasury yield Monday, the market would have been under more pressure, Jim Cramer said earlier in the day . The 10-year yield Friday hit a 16-year high before easing by the end of the session. The market does not know how to factor in what’s happening in the Mideast, Jim Cramer said Monday afternoon. Russia’s war against Ukraine, which started in February 2022 and is still ongoing, ushered in more inflation and led to the Federal Reserve’s aggressive monetary tightening to stop rising prices. Jim said the Hamas-Israeli war might actually “stay the Fed’s hand.” Before making a judgment, Jim added that he wanted to see this week’s inflation data. In the broad context of the Mideast, efforts to craft a Saudi-Israel normalization deal, being pushed by the United States, are on hold at best, with Israel’s entrance into Gaza with ground forces viewed as inevitable. Israel, which has been amassing tens of thousands of troops near the strip, has bombed the area and cut off electricity, fuel, food and other supplies in retaliation. It remains to be seen who else will be drawn into the conflict. The terrorist group Hezbollah is on the Northern border and the common link between Hamas and Hezbollah is Iran, a key power in the Mideast and a top producer of oil globally. Concern about wider fallout from the Hamas-Israeli conflict is likely to put a floor under oil prices for the time being. That’s a positive for U.S. producers as it means healthy free cash flow from steady pricing for dividends and buybacks. The geopolitical upheaval, however, is less favorable for stocks outside of energy, which represents a major input cost for most companies and a drag on the consumer whose spending fuels nearly two-thirds of the American economy. Higher energy prices are inflationary, but the Fed puts less weight on them. The Fed likes to measure inflation by using the core personal consumption expenditures (PCE) price index, which strips out the impact of food and energy. However, we have to consider that if energy remains high, or goes higher, companies will once again consider price actions to pass the costs through to their customers and protect their profit margins. There’s too much uncertainty at the moment to be pounding the table on stocks in either direction. The Fed, which does not meet this month, has until November to gauge the impact of yet another variable to deal with in its fight against inflation. Central bankers paused their interest rate increases at their September meeting. But they indicated higher rates for longer, signaling one more rate increase this year and fewer cuts next year. Bottom line If the Hamas-Israeli conflict remains contained, we would expect the rally in oil to have limited upside. Remember, U.S. crude tanked last week after a really strong third quarter. Earnings season kicks off Friday with major banks reporting their quarters, including Club name Wells Fargo . With little direct impact on U.S. corporate earnings and fundamentals, we expect investors to focus on the results more than what’s happening in the Mideast. Monday’s price action seems to exemplify this sentiment. Stocks opened lower with very little reason to be buying right here but recovered and marched higher later in the day. For now, we’re staying level-headed and patient as we wait to see how things play out. We’re looking for opportunities in what’s been an oversold market, according to the S & P 500 Oscillator . We made several small buys into weakness last week. However, we do remain conscious that cash can be increasingly valuable in the days and weeks ahead because the Hamas-Israeli war could always spread to other parts of the Mideast. (See here for a full list of the stocks in Jim Cramer’s Charitable Trust.) As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust’s portfolio. If Jim has talked about a stock on CNBC TV, he waits 72 hours after issuing the trade alert before executing the trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB. NO SPECIFIC OUTCOME OR PROFIT IS GUARANTEED.
A building that collapsed following the fall of a rocket in south Tel Aviv, today October 8, 2023.
Yahel Gazit | AFP | Getty Images
Tensions in the Mideast are as high as they’ve been in recent memory after Saturday’s invasion of Israel and the massacre of its citizens by the terrorist group Hamas. The deadliest attack on Israel in a half-century sparked volatility in financial markets and could have ripple effects for investors around the world depending on what happens in the coming days and weeks.
On today’s energized episode of Quick Charge, a Tesla executive leaks news of a new Model S and X as protests at retail locations escalate and key staff continue their exodus from the troubled brand. Plus: 0% financing deals on EVs and PHEVs and Volvo brings off-grid power to bauma.
We’ve also got a look at the crowded EV sedan market the updated Tesla Model S (if it happens) will enter, talk about the Chinese answer to Rolls-Royce and Bentley from Huawei, and the latest off-grid BESS substation concept from Volvo Penta. Enjoy!
New episodes of Quick Charge are recorded, usually, Monday through Thursday (and sometimes Sunday). We’ll be posting bonus audio content from time to time as well, so be sure to follow and subscribe so you don’t miss a minute of Electrek’s high-voltage daily news.
Got news? Let us know! Drop us a line at tips@electrek.co. You can also rate us on Apple Podcasts and Spotify, or recommend us in Overcast to help more people discover the show.
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Zevtron, ParkMobile, and Athena Partners Strategy Group are together supporting charging site owners and EV drivers affected by Shell Recharge’s shutdown of its EV charger software.
Shell Recharge is discontinuing its Shell Sky software in third-party commercial EV chargers in the US and Canada. It will service third-party commercial fleet EV chargers until April 30; after that, it’s lights out, leaving hundreds of EV charging stations across the US inoperable.
Zevtron, ParkMobile, and Athena Partners Strategy Group is deploying Zevtron’s white-label EV charging software across the former Shell Recharge network to restore full operational capacity to these chargers.
“Shell’s exit has left hundreds of chargers effectively stranded,” said Chris Mckenty, SVP of sales & marketing at Zevtron. “Our goal is to rapidly restore these stations to full functionality while enhancing their capabilities with flexible branding, seamless payment options, and improved management tools.”
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ParkMobile will extend its capabilities to process EV charging sessions so users can both park and charge. “Integrating EV charging parking sessions into ParkMobile simplifies access for millions of drivers who already rely on our platform,” said Andy Harman, vice president of sales at ParkMobile.
Athena Partners Strategy Group will work closely with cities, businesses, and property owners to deploy the new solution efficiently. “We see this as a major opportunity to not only restore EV charging infrastructure but also improve it for the long term,” said Nick Stanton, managing partner of Athena Partners Strategy Group.
The partnership says it’s a “turnkey solution to ensure uninterrupted service, enhanced user experience, and improved revenue potential.”
For more information on transitioning Shell Recharge EV chargers to the Zevtron-powered network, contact Chris Mckenty at cmckenty@zevtron.com
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The Volkswagen ID.4 was the third best-selling EV in the US last month, trailing only the Tesla Model Y and Model 3. Volkswagen’s electric SUV made a comeback after sales surged over 650% in January.
Volkswagen ID.4 was the third best-selling EV in January
Although ID.4 sales fell by 55% last year after Volkswagen halted production and deliveries in September due to a recall over faulty door handles, the EV made a triumphant return in 2025.
Volkswagen sold 4,979 ID.4’s in the US last month, up 653% from January 2024. To put it in perspective, VW only sold 646 ID.4 models in the fourth quarter and just over 17,000 in 2024. At this rate, ID.4 sales are on pace to reach nearly 60,000 by the end of 2025.
According to Cox Automotive’s latest EV Market Monitor report, the ID.4 was the third best-selling EV in the US last month, behind the Tesla Model Y and Model 3.
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The Honda Prologue and Tesla Cybertruck rounded out the top five. Combined, the top five selling EV models accounted for 54% of total sales in the US last month.
Rank
Model
1.
Tesla Model Y
2.
Tesla Model 3
3.
Volkswagen ID.4
4.
Tesla Cybertruck
5.
Honda Prologue
Top-selling EVs in the US in January 2025 (Cox Automotive)
Over 102,200 electric vehicles were sold in the US in January, up nearly 30% from January 2024. Although sales were down from the record 132,392 sold in December 2024, a drop was expected over typical seasonal trends.
Tesla doesn’t provide a breakdown of US sales, so we will not know exact sales numbers until registration data is released.
2024 Honda Prologue Elite (Source: Honda)
Honda’s electric SUV continues to take the market by storm, with 3,744 Prologues sold in January. After delivering the first models last March, the Honda Prologue became the seventh best-selling EV in the US last year, with over 33,000 models sold.
Volkswagen announced the ID.4 was back on sale last month, with the “aim of re-instating the ID.4 to its prior position as one of the best-selling electric vehicles in the US and Canada.” It looks like it’s happening quicker than expected.
Volkswagen ID.4 (Source: Volkswagen)
The new entry-level 2025 Volkswagen ID.4 RWD Pro model starts at $45,095, while the AWD Pro costs $48,995. Both are powered by an 82 kWh battery. Volkswagen said the 62 kWh battery will be available later this year. The larger battery provides an EPA-estimated range of up to 291 miles.
VW’s base models feature a gloss black grille, black roof rails, and a 12.9″ infotainment system with Android Auto and Apple CarPlay support. The AWD version has 20″ wheels, a heated windshield, and a tow hitch.
Volkswagen ID.4 interior (Source: Volkswagen)
The ID.4 Pro S RWD starts at $50,195, and the AWD model has a sticker price of $54,095. It gets an added illuminated VW logo at the front and rear, premium LED projector headlights, a panoramic fixed glass roof, power tailgate, and more.
Volkswagen’s range-topping 2025 ID.4 Pro S Plus is only available in AWD and starts at $57,295. The Plus trim features 21-inch wheels, added exterior design elements, heated rear seats, a premium Harman Kardon audio system, and an Area View (an overhead view camera).
Both electric SUVs feature some of the biggest discounts on the market right now. To make room for 2025 models, VW is offering close-out prices on the 2024 ID.4, with leases starting as low as $189 per month. However, the Honda Prologue is hard to pass up, starting at just $209 per month. Ready to check them out for yourself? You can use our links below to find deals on the Volkswagen ID.4 and Honda Prologue in your area today.
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