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Tesla briefly increased the deposit amount for the Cybertruck last night before reverting to the original price.

Is the automaker signaling a deposit increase with the launch?

While the vehicle’s premiere in 2019 wasn’t without issue or criticism, with the unbreakable window demonstration failing, it also helped generate a lot of attention. CEO Elon Musk announced that Tesla received over 250,000 reservations for the Cybertruck within a week of unveiling the vehicle.

Generally, Tesla receives a lot of reservations early after an unveiling, and then things taper off – but this wasn’t the case with the Cybertruck.

Even throughout the pandemic, insider sources told Electrek that some Tesla stores were getting hundreds of Cybertruck reservations per week and that pre-orders even helped boost sales of other Tesla vehicles.

By 2021, a crowdsourced Cybertruck reservation tally was putting the pre-orders at over 1 million units.

Two years later, the same tally put the number of reservations at 2 million, and Musk confirmed that it was over 1 million.

The only thing that undermined the impressive level of reservations is the fact that Tesla set a much lower refundable deposit amount, $100, to reserve the Cybertruck.

Previously, Tesla asked for a $1,000 deposit for new vehicles pre-delivery.

Last night, Tesla briefly updated its pre-order page for the Cybertruck with a $250 deposit.

Several readers reported the change made overnight:

However, by the time I could check for myself this morning, Tesla had reverted to a $100 deposit in the US ($150 CAD in Canada).

It’s unclear why Tesla made the update or why they reverted to the original amount.

Electrek’s Take

When Tesla starts deliveries of a new vehicle, the process generally involves converting reservations into orders by asking for a bigger deposit – between $1,000 and $2,500 depending on the time and model.

The total amount for the purchase is required at delivery.

To make that happen, Tesla opens up its online configurator, but the process has changed with different vehicles.

It’s possible that Tesla doesn’t open the Cybertruck configurator to everyone right away on Thursday as it slowly reaches out to employees and early reservation holders to convert their reservations into orders.

During that time, it’s possible that Tesla will ask for a bigger deposit for new reservations, and we saw a glimpse of that with this overnight update that was reverted.

What do you think? Let us know in the comment section below.

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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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NYC’s newest EV charger hangs 10 feet high on a lamppost

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NYC’s newest EV charger hangs 10 feet high on a lamppost

Voltpost just rolled out the Voltpost Air, its next-gen lamppost EV charger in New York City, and this one comes with a key twist: it’s mounted 10 feet above ground.

The Voltpost Air uses that elevated design with a retractable cable system to protect against weather damage and vandalism, setting it apart from Voltpost’s original curbside charger. It’s also built for faster installation, broader pole compatibility, and better reliability.

It can be installed on both wooden and metal lampposts and utility poles, curbside or in parking lots. Site hosts can deploy one or two chargers per pole, making it a flexible option for cities and property owners. Drivers can pay with the app or by tapping with a credit card. Voltpost Air supports Level 2 charging, up to 9.6 kW per charging port. 

Luke Mairo, COO and cofounder of Voltpost, said that “the modular design and quick installation reduce costs and complexity, making it easier than ever to expand charging infrastructure.” Voltpost is already operating chargers in Oak Park, Illinois, and at the American Center for Mobility near Detroit. The company has projects underway in New York, California, Michigan, Illinois, Connecticut, and Massachusetts.

Former US Joint Office of Energy and Transportation executive director Gabe Klein, now a Voltpost board advisor, said, “The transition to renewable transportation requires bold, scalable solutions that can integrate seamlessly into existing urban infrastructure. Technologies like Voltpost’s lamppost chargers are vital because they unlock new opportunities to deploy EV charging.”

The Brooklyn installation is part of New York City Economic Development Corporation’s (NYCEDC) Pilots at Brooklyn Army Terminal (BAT) program, which supports climate-tech companies in scaling new solutions. It’s expected to be available to the public by the end of the year. New York State Energy Research and Development Authority (NYSERDA) president and CEO Doreen M. Harris called the model “highly replicable” and said it could be adopted across New York State.

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Voltpost Air is now available for deployment at public and private sites.

Read more: Voltpost just flipped the switch on its first public lamppost EV charger


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Kia’s electric van was spotted in the US again, but this time it looks a little different

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Kia's electric van was spotted in the US again, but this time it looks a little different

Is Kia’s electric van finally coming to the US? The Kia PV5 was caught testing with a unique design, hinting it’s destined for the US.

Is Kia’s electric van coming to the US?

Although Kia has yet to announce it publicly, all signs point to the PV5 launching in the US. In February, the electric van was first spotted charging at a station in Indiana.

A few photos and a video sent to Electrek confirmed it was indeed the Kia PV5. The sighting came somewhat as a surprise, as the only official statement from Kia said the PV5 would arrive in Europe and South Korea this year, followed by “launches in other markets” in 2026, but no mention was made of the US.

After another PV5 was spotted in Arizona, rumors that Kia’s electric van was coming to the US began to surface again.

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Kia still has yet to confirm or deny a US launch, but another sighting hints at the PV5’s imminent debut. The latest spotting, by KindelAuto, appears to be of the US-spec 2026 Kia PV5.

It looks about the same as the Kia PV5 Passenger, which is already available in parts of Europe and South Korea. However, although it’s not very clear, Kia’s electric van appears to have added side marker lights, a requirement in the US.

Following its launch in the UK earlier this year, the Kia PV5 Passenger is now being introduced to new European markets.

Kia-electric-van-spotted-US
The Kia PV5 Passenger electric van (Source: Kia)

In the UK, it starts at £32,995 ($44,000) on the road. In Germany, the PV5 Passenger is priced from €38,290 ($45,000) or €249 per month.

Kia’s electric van is available in two variants: Passenger, for everyday driving, and Cargo, for business use. The PV5 Passenger is available with two battery pack options: 51.5 kWh and 71.2 kWh, providing WLTP ranges of 183 miles and 256 miles, respectively. Meanwhile, several more variants are on the way.

Kia's-electric-van-spotted-US
Kia PV5 tech day (Source: Kia)

During its PV5 Tech Day in July, we learned that Kia plans to launch seven PV5 body types, including a Light Camper, a premium “Prime” Passenger model, and an open bed version.

We’ll have to wait for the official word, but there’s still hope Kia’s electric van will make it to the US. We should find out soon. Can we get the EV5 too? That might be pushing it.

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