Tesla’s botched Cybertruck event is good news for Rivian, other EV truck makers
Tesla delivered the first Cybertrucks yesterday, to lukewarm reaction given revelations on its specs, pricing and availability. But Tesla’s miss might be other EV truck makers’ gain, as the big question marks on Cybertruck have been answered disappointingly.
At the original Cybertruck unveiling, Tesla said the truck would start at $39,900, be available in late 2021, have a payload of 3,500 pounds in a 6.5ft bed, and a tow rating of up to 14,000 pounds max range of 500+ miles for the top-end version (which was meant to start at $69,900).
As of yesterday, we know that none of those numbers are true. The truck starts at $79,990 today (and $60,990 in 2025), has a payload of 2,500 pounds in a 6ft bed, tow rating of up to 11,000 pounds and range of 340 miles, or 470 with an additional battery that eats up a chunk of your bed space.
It seems like the only place where Tesla exceeded its original estimation is in 0-60 times for the mid- and high-spec configurations, which are .6 and .3 seconds faster respectively. These are nice specs and it’s awesome to see a Cybertruck beat a Porsche 911 while towing a Porsche 911, but a truck is still not a sportscar no matter what the quarter-mile results suggest.
And overall, the presentation at the event was just underwhelming (you can view a recording of our live-react watch party here). Not only was the event almost half an hour late and poorly-lit, but Tesla CEO Elon Musk showed off his standard poor presentation skills (which have been getting worse lately with his twitter distraction, prompting questions from investors). Worse, some cool Cybertruck features weren’t even mentioned – like Powershare bidirectional charging which lets you run your home, camp, or another vehicle off of the Cybertruck’s battery.
Tesla even did a repeat of its window strength testing stunt from the original Cybertruck unveiling, but it pointlessly used a lobbed baseball instead of a steel ball.
All of this has led to a lot of disappointment among order holders – and made room for competing electric trucks now that we finally know answers to questions that have loomed large over the segment for years now.
Other electric trucks compare favorably with Cybertruck’s unveiled specs, pricing
Prior to now, other electric trucks have suffered from the comparison to a potential Cybertruck, with millions of preorders and a promised $40k base price.
With that product looming, it’s hard to look at an F-150 Lightning at a base of $50k (which is also $10k over its originally-promised price) and think that you’re getting a great deal. And the Rivian R1T, which has been widely praised as easily the best pickup ever, looks like even more of a stretch at its $73k base price.
But now that Cybertruck specs and pricing have been officially unveiled, those comparisons become a lot better.
There is a question whether many people were actually cross-shopping the Cybertruck versus more traditional-looking pickup trucks in the first place, but a difference in base price of more than $20k can make up for a lot of questionable styling.
The comparison was made directly on reddit, in a post comparing Musk’s past statements about the Lightning’s price with the actual prices of the Cybertruck – which are now much more expensive than the base and even upgraded trims of the Lightning, both of which are available now whereas the base model Cybertruck won’t come until 2025.
We’ve also seen plenty of comments, including the top comments on our own post about the Cybertruck yesterday, which aren’t happy about the Cybertruck’s base price and compare directly to the Lightning.
So despite the Cybertruck’s unconventional look, it’s clear that a lot of people are putting it into the “truck” category, and comparing it against other offerings. Tesla did so too, themselves, by offering a comparison against the Lightning, F-350 Super Duty, and Rivian R1T in a tractor-pulling test during the presentation yesterday.
The market has noticed
This means that Tesla’s loss is the other trucks’ gain. If Tesla truly has 2 million order holders who were waiting off on buying an electric truck until they finally saw the Cybertruck specs, surely some percentage of those holders will end up deciding to go elsewhere.
And it seems like the stock market has already made this comparison, because the market isn’t looking favorably on Tesla’s unveiling, whereas other EV truck makers are up quite a bit (with Rivian leading the pack, since trucks are their whole thing). The whole market is up intraday, but Rivian is up quite a bit more than the sector as a whole.
Even Tesla seems to have recognized that those reservation-holders might want to go elsewhere. Soon after the event, it offered Cybertruck reservation-holders $1,000 off its other EVs.
There has been a lot of talk recently about EV demand, but much of it is false. EV sales are indeed still rising, and rising at a good pace that is comparable to previous years. There are headwinds in the entire auto market right now, but a lot of the complaints can be shown to have ulterior motives – like, potentially being used to influence upcoming tailpipe regulations.
But for electric trucks specifically, both GM and Ford have backed off on production plans, for supply chain and other reasons, even though Ford just set an all-time Lightning record with a 100% year-over-year sales increase. Rivian has not reduced its production plans – in fact, it has increased them twice this year.
Given the poor reaction to the Cybertruck’s unveiled specs, maybe it’s time for those production plans to ratchet up a little further, since we think there will be some customers out there looking for something else to buy.
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Geely-backed performance EV brand Polestar has had some troubling times in recent months, but its future is looking a whole lot better after the company secured a $600 million loan facility to help it keep on keepin’ on.
Despite vehicle sales picking up in 2025 on the strengths of the Polestar EV brand’s Swedish sensibilities, cutting-edge Chinese EV tech, and Volvo-aided safety specs, the company’s financial picture has been anything but rosy, with the threat of having its stock delisted from the NASDAQ looming large at several points.
In a vote of broader confidence and better times ahead, Volvo’s parent company Geely Sweden Holdings AB is backing the brand with more than half a billion dollars of fresh funding to extend its operational runway:
Polestar, as borrower, entered into a credit agreement with a wholly owned subsidiary, as lender, of Geely Sweden Holdings AB in relation to a subordinated term loan facility of up to USD 600 million, of which the last USD 300 million would require lender consent based on Polestar’s future liquidity needs. The term loan facility is available to Polestar for general corporate purposes.
The new funds are just the most recent part of a big week for Polestar – one that saw the Polestar 4 recently begin deliveries to its first North American customers, and recent upgrades to the Polestar 3 have made that car a viable V2G/V2x offering in Europe, as well. With that in mind, it’s no wonder that Geely wants to see how this all plays out.
The company has four models in its current line-up on sale in 28 countries, along with additional planned models that include the Polestar 7 SUV (set to be introduced in 2028) and the Polestar 6 coupe/roadster.
Electrek’s Take
Product-wise, at least, it’s hard to argue that Polestar’s future appears to be anything but bright. The new Polestar 3 crossover is a viable competitor to the industry-leading Tesla Model Y, and the upcoming Polestar 4 and 5 models seem like winners, too. To drive that point home, Polestar is promoting up to $18,000 in incentives to lure in Tesla buyers.
You can find out more about Polestar’s killer EV deals on the full range of Polestar models, from the 2 to the 4, below, then let us know what you think of the three-pointed star’s latest discount dash in the comments section at the bottom of the page.
SOURCE: Polestar.
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Whether it’s to keep the lights on after a natural disaster or just to avoid peak energy rates, more people than ever are adding battery energy storage to their home solar systems — but li-ion batteries aren’t the only option. The new WATT Fuel Cell uses the natural gas connection your home already has to generate power when you need it.
Technically a solid oxide fuel cell, the WATT unit turns the natural gas in your home into electricity without combustion, relying instead on a chemical reaction between the natural gas and oxygen in the air to create an electric current in a way that’s conceptually similar to a hydrogen fuel cell, but that makes use of a more readily available (and far cheaper) fuel source to generate power while producing far fewer harmful emissions than a conventional generator.
How it works
The company’s latest offering, the WATT HOME system, recently achieved certification at a 2 kW power rating, marking an important step on the company’s commercialization roadmap as it races to meet market demands for a natural-gas-powered backup solution to guarantee uptime in outage-prone regions.
This week, the company marked another major milestone by installing the of its first 2 kW WATT HOME solid oxide fuel cells (SOFC) at the Edward M. Smith National Career and Life Skills Development Center, Hope Gas’ new state-of-the-art training facility in Clarksburg, West Virginia – but the news doesn’t end there.
The company plans to take advantage of the new 30% ITC benefit (a federal tax credit that lets homeowners deduct 30% of the cost of qualifying clean energy systems, which now includes natural gas) under the One Big Beautiful Bill Act to help drive sales, with installations beginning in Hope Gas’ utility territory in Q1 of 2026.
“The WATT HOME system’s new 2 kW certification … validates the performance capabilities we’ve engineered for years and strengthens our competitive position as we move into multi-year deployment with Hope Gas,” says Caine Finnerty, WATT’s CEO and Founder. “With the ITC benefit, we anticipate accelerated adoption and substantial value for customers, utilities, and investors.”
The gas fuel cell can send power directly to the home’s panel, keeping the lights on directly, or perform the same function as a solar panel, sending power to a battery where it can be stored for later use.
Keep in mind, though – this isn’t a zero emissions option the way a solar + battery solution is. This is very much a fossil fuel-powered solution that gives off carbon and nitrous emissions, and the only reasons we’re talking about it are:
- the tech is kind of cool
- I didn’t know these existed
- it is objectively cleaner than a conventional ICE generator
That said, while solar is still the better solution in an ideal world, a WATT HOME fuel cell might be a better option in situations where rooftop space is limited (or nonexistent), such as condos or vertically-designed townhomes. In those scenarios, solar panels are unlikely to generate a meaningful amount of electricity, but a fuel cell that can tap into the buildings’ existing natural gas lines to provide reliable backup power if the grid fails.
That makes the fuel cell an attractive option for residents in multi-unit buildings, older historic neighborhoods with strict aesthetic rules, or any building where adding solar panels aren’t feasible, but a low-emission, low-noise backup solution is still needed.
The better question, then, isn’t is it better than solar – it’s is it better than solar for you? If you’re in West Virginia, you might be able to find out in just a few weeks. In the meantime, watch WATT’s own explainer video, below, then let us know what you think of the idea of a natural gas fuel cell in the comments.
Powering your home with a fuel cell
SOURCE | IMAGES: WATT, via PRNewswire.
If you’re considering going solar, it’s always a good idea to get quotes from a few installers. To make sure you find a trusted, reliable solar installer near you that offers competitive pricing, check out EnergySage, a free service that makes it easy for you to go solar. It has hundreds of pre-vetted solar installers competing for your business, ensuring you get high-quality solutions and save 20-30% compared to going it alone. Plus, it’s free to use, and you won’t get sales calls until you select an installer and share your phone number with them.
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French heavy lift and logistics specialists Mammoet are living up to their name with the addition of a new, mammoth-sized, 60-ton hybrid crane from the electric equipment experts at XCMG.
The 60-ton XCA60 EV crane from Chinese heavy equipment brand XCMG rides on three heavy-duty axles and packs a 48-meter telescopic boom. Add in an optional 16-meter jib, and the big crane’s hoist height tops 60 meters – more than enough to work on urban construction jobs or shipside at port.
“This delivery marks more than just a product handover – it’s a step forward in redefining what’s possible in sustainable lifting operations,” explains Zhen Li, chairman of XCMG Europe. “We’re proud to support Mammoet’s efforts to reduce environmental impact and look forward to seeing the XCA60-EV contribute to a cleaner, more efficient tomorrow.”
Taking delivery
The XCMG XCA60 EV powers its drive and lift motors with a 170 kW (~230 hp) electric motor that’s fed by a 115 kWh li-ion battery pack that’s integrated into the crane’s counterweight system. That means that the crane’s bigger battery, in this case, means more lifting power as well as more operating time on battery power – in this model, the crane’s battery is good for 6-8 hours of continuous operation.
On sites where access to grid power is limited, the onboard diesel generator can kick on and provide additional, extended hours of operation (hence: hybrid) while offering as much as a 40% increase in efficiency compared to a diesel drive unit.
Mammoet’s new XCA60 EV is one of the first production examples of the big electric-drive crane, which was first shown as a concept at Bauma 2022, to reach customers – but it won’t be the last.
“Mammoet is proud to be investing in the XCMG XCA60-EV crane, which is another important step in our ambition to deliver sustainable heavy lifting to the Dutch market, and beyond,” says Peter van Oostrom, director of global assets at Mammoet. “We look forward to seeing it deliver real results for our clients, helping to reduce the carbon impact of projects, while increasing their safety.”
SOURCE | IMAGES: Mammoet, via Crane Briefing; PRNewswire.
If you’re considering going solar, it’s always a good idea to get quotes from a few installers. To make sure you find a trusted, reliable solar installer near you that offers competitive pricing, check out EnergySage, a free service that makes it easy for you to go solar. It has hundreds of pre-vetted solar installers competing for your business, ensuring you get high-quality solutions and save 20-30% compared to going it alone. Plus, it’s free to use, and you won’t get sales calls until you select an installer and share your phone number with them.
Your personalized solar quotes are easy to compare online and you’ll get access to unbiased Energy Advisors to help you every step of the way. Get started here.
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