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Following several new documents containing details of the Tesla Cybertruck posted to the EPA’s website, we have been able to better understand the efficiencies the truck will achieve. While Cybertruck should perform better than nearly all its current competitors in the electric pickup segment, the slightly smaller Rivian R1T appears to have it beaten – even with larger wheels and battery packs.

After years of waiting and speculating, Tesla finally launched its long-promised Cybertruck pickup last week to mixed reviews. On the one hand, the truck has seen some welcomed improvements since its initial debut – for instance, its tough exterior, 48V low voltage system, and, of course, windows that didn’t shatter this time around.

However, the Cybertruck arrives at a much higher price point than originally promised, with significantly less range, leaving a bad taste in the mouths of some reservation holders who had been waiting years for their opportunity to purchase the truck.

The Cybertruck enters a relatively niche but growing electric pickup segment in the automotive industry, now competing against the likes of the GMC Hummer EV, Ford F-150 Lightning, and the Chevy Silverado EV. Another American EV automaker in its own right is Rivian, whose flagship R1T pickup has been on the market longer than all the above and has a demand higher than ever.

Another factor higher than the pickups mentioned above is Rivian’s efficiency, which, on paper, bests Tesla’s Cybertruck, no matter what variant it’s using.

Rivian Cybetruck
Credit: Tesla

Cybertruck specs show efficiency second to only Rivian

As pointed out by Reddit u/Wugz, a slew of new Cybertruck documents were recently uploaded to the EPA’s website. Have a look here:

As the post points out from the documents above, both of the higher-tier versions of the Cybertruck feature a battery pack of 816 V and 150 Ah. That should translate to approximately 122.4 kWh, which makes sense given that the talking point for the truck’s actual battery capacity has been the slightly embellished 123 kWh. For comparison to the Cybertruck, Rivian’s Max pack and Large pack are 149 kWh and 135 kWh, respectively.

We’ll briefly touch on the Cybertruck’s motors but recommend not focusing too much on it because the EPA and Tesla are saying different things. The certificate summary says the Cybertruck AWD will have two permanent magnet motors, while the initial EPA application says one induction motor and one permanent magnet. For Beast, both documents say three permanent magnets, although Tesla has said it will consist of two rear induction motors and one permanent magnet in the front. So, who’s correct?

Here’s where things get interesting. Based on the coastdown tests conducted by Tesla as part of its EPA certification process, u/Wugz was able to compare the Cybertruck to the Rivian R1T, as well as the other pickups mentioned above. While Cybertruck bests Chevy, Ford, and GMC, it can’t touch Rivian, especially over 70 mph:

Obviously, several factors play into this, and Cybertruck’s initial data could change as time goes on. However, Rivian is a clear leader in pickup efficiency at this current point. A big reason for that is sheer aerodynamics – the Rivian R1T has a Cd of 0.30 compared to 0.335 on the Cybertruck. In this sense, Tesla will never be able to compete with Rivian on aerodynamics, especially since it is simply a larger EV with more frontal surface area. Still, Cybertruck blows away the Lightning and Hummer on Cd (0.44 and 0.50, respectively).

Air resistance is a function of velocity cubed, so while the differences may be mostly negligible at 45mph, as the vehicles grow to 60mph and beyond, the Rivian will take an increasingly bigger lead.

One last tidbit to point out in this data-driven comparison between the Tesla Cybetruck and the Rivian R1T is the range tests themselves and the correction factors used by each automaker. Tesla already has a reputation for using rather high correction factors to publicize better range that its EVs usually offer – and the Cybertruck appears to be Tesla’s most optimistic formula to date. Tesla’s factors are estimated to be 0.82 for the AWD truck to reach a 340-mile range and 0.79 for the Beast to get a range of 320 miles.

If Tesla used the industry norm of .7 that other manufacturers adhere to, the Cybertruck range would be about 290 miles for AWD and the Beast would get 283.5. Those are still impressive distances for the 122.4kWh battery and what owners should expect in real-world range.

For comparison, Rivian’s correction factor, as is most of the rest of the industry, on the R1T is 0.70 – which is much more conservative and likely closer to real-world range estimates. Tesla might be able to deliver more range with its 50kWh range extender pack, although it appears Rivian owns the patent for that.

So, to recap, the Rivian R1T has larger batteries, wheels, and a lower correction factor in estimating range, yet it still delivers better efficiency than Cybertruck (according to Tesla’s recent EPA filings, of course).

There are a lot of variables at play here, so don’t shoot the messenger just yet. Even if Cybertruck does take silver in efficiency behind Rivian, its specs remain some of the best in the segment right now. That includes its size, which bests the Rivian in some key areas. That should still be considered a win, especially with its polarizing design.

And the Cybertruck still wins the polygonal contest, so Tesla fans still have that.

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At Trump’s $148 million meme coin dinner, ‘the food sucked’ and security was lax, attendee says

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At Trump's 8 million meme coin dinner, 'the food sucked' and security was lax, attendee says

Crypto investor Nicholas Pinto attends President Donald Trump’s gala dinner for people who spent the most money on Trump’s meme coin, $TRUMP, in a contest, at Trump National Golf Club in Potomac Falls, Virginia, May 22, 2025.

Nicholas Pinto

The price of President Donald Trump‘s meme coin plunged 16% as of Friday morning, just hours after he hosted a black-tie gala at his Virginia golf club for its biggest buyers — an elite crowd that spent a combined $148 million on the token for the chance to be there.

It was billed as “the most exclusive invitation in the world.”

Among the 220 attendees were crypto influencers, industry executives such as Sandy Carter of Unstoppable Domains, and former NBA star Lamar Odom, who used the occasion to praise Trump as “the greatest president” and promote his own token, $ODOM.

The top 25 wallets were promised a private reception and guided tour. Others, such as 25-year-old Nicholas Pinto — whose dad drove him to the event in his Lamborghini — left underwhelmed and still hungry.

“The food sucked,” Pinto said. “Wasn’t given any drinks other than water or Trump’s wine. I don’t drink, so I had water. My glass was only filled once.”

Trump made only a brief appearance, Pinto said. “He didn’t talk to any of the 220 guests — maybe the top 25,” he said.

All in, the president was there for 23 minutes, Pinto said. Trump delivered a brief address rehashing old crypto talking points then left on a helicopter before taking any questions or pictures with his meme coin contest winners, he said.

Phones weren’t locked in RFID pouches, and security was lax, according to Pinto.

“Once Trump left, they didn’t really worry about anything else,” Pinto added.

Contest winners who spent the most on $TRUMP meme coins added their signatures to a poster-sized printout of the leaderboard at a gala dinner at Trump National Golf Club in Potomac Falls, Virginia, May 22, 2025.

Nicholas Pinto

The crowd’s opulence was on full display.

“Richard Mille watches weren’t even rare,” Pinto said. “I saw at least 16 people wearing them. I never see that unless I’m at a high-end restaurant in Miami or Dubai.”

But the vibe was more muted than expected, he said: “Lots of people didn’t even hold the coin anymore. They were checking their phones during dinner to see if the price moved.”

CNBC has reached out to Trump representatives for comment on the dinner and attendees.

Protests

For lawmakers and regulators, the dinner set off alarm bells.

The #1 token holder was Chinese-born crypto mogul Justin Sun, who is currently facing Securities and Exchange Commission fraud charges that were recently paused, with the agency citing “the public interest.”

Sun holds over $22 million in the $TRUMP token and another $75 million in World Liberty Financial’s native token.

“As the top holder of $TRUMP and proud supporter of President Trump, it was an honor to attend the Trump Gala Dinner,” Sun posted on Friday. “Thank you @POTUS for your unwavering support of our industry!”

Outside the gates of Trump National Golf Club in Potomac Falls, Virginia, about a hundred protesters gathered, according to NBC News. Sen. Jeff Merkley, D-Ore., joined them, backing a new End Crypto Corruption Act with Senate Minority Leader Chuck Schumer, D-N.Y.

Signs read “Crypto Corruption” and “Trump is a traitor.”

Crypto on Capitol Hill

“The Trump family activity in the memecoin space makes my work in Congress more complicated,” Rep. French Hill, R-Ark., told CNBC on Friday.

Hill, who’s leading negotiations on a bipartisan stablecoin regulation bill known as the GENIUS Act, called the gala “a distraction from the good work we need to do.”

Now, the GENIUS Act is at risk.

Sen. Josh Hawley, R-Mo., recently added a controversial rider to the bill that would cap credit card late fees — what’s seen as a poison pill that could alienate banking allies and stall final approval.

President Donald Trump speaks at a dinner for meme coin contest winners at Trump National Golf Club in Potomac Falls, Virginia, May 22, 2025.

Nicholas Pinto

On Thursday night as the meme coin contest dinner was underway, a bloc of Senate Democrats announced they’d be pushing for a new provision that would ban presidents and senior officials from profiting off crypto ventures while in office — a direct challenge to the Trump-linked stablecoin USD1 that launched in the spring.

In Washington, there’s growing concern that political infighting over Trump’s crypto ventures could derail the stablecoin bill altogether. That poses an even bigger risk.

According to The Wall Street Journal, major banks including JPMorgan, Bank of America and Citi are in early talks to issue a unified digital dollar to compete with Tether, the foreign-controlled stablecoin that now commands over 60% of global market share.

Those plans hinge on legal clarity.

If the GENIUS Act stalls, the U.S. could lose its window to regain ground in the global race for digital payments.

The White House has tried to draw a line between Trump the president and Trump the private businessman.

“The president is attending it in his personal time. It is not a White House dinner,” press secretary Karoline Leavitt told reporters when pressed on attendee transparency.

President Trump holds controversial private dinner for top investors in his meme coin

The administration declined to release a guest list. But blockchain data — and a patchwork of guest photos — tell part of the story.

A Bloomberg News analysis found that all but six of the top 25 wallets used foreign exchanges, ostensibly off-limits to U.S. users. More than half of the top 220 wallets were linked to similar offshore platforms.

One Nasdaq-listed penny stock, Freight Technologies, disclosed in an SEC filing that it spent $2 million on Trump’s token to push U.S.-Mexico trade policy. It didn’t make the cut for the dinner — finishing 250th.

Since its January debut, the $TRUMP coin has generated more than $324 million in trading fees. Roughly 80% of the $TRUMP token supply is controlled by the Trump Organization and affiliates, according to the project’s website.

WLFI, the Trump’s parallel token, has sold $550 million in two token sales.

President Trump holds meme coin dinner

Still, White House AI and crypto czar David Sacks remained bullish on “significant bipartisan support” for stablecoin legislation.

“We already have over $200 billion in stablecoins — it’s just unregulated,” Sacks told CNBC’s “Closing Bell Overtime” on Wednesday. “If we provide the legal clarity and legal framework for this, I think we could create trillions of dollars of demand for our Treasurys practically overnight, very quickly.”

“We have every expectation now that it’s going to pass,” added Sacks, though he didn’t answer a question about concerns from Democrats that there aren’t sufficient safeguards in place to keep the president and his family from profiting from legislation.

While Sacks sold $200 million in crypto-related holdings before taking his White House job, according to a disclosure filing, Trump and his family have been leaning into building a crypto empire.

The Trumps are financial backers of World Liberty Financial, which is behind the USD1 stablecoin that is backed by Treasurys and dollar deposits.

Abu Dhabi’s MGX investment fund recently pledged $2 billion in USD1 to Binance, the world’s largest digital assets exchange. It’s the company’s largest-ever investment made in crypto.

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President Trump hosts meme coin megadonors amid conflict of interest claims

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Podcast: EV/Solar killing bill moves forward, Elon lies about Tesla’s demand, cheaper EVs, and more

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Podcast: EV/Solar killing bill moves forward, Elon lies about Tesla's demand, cheaper EVs, and more

In the Electrek Podcast, we discuss the most popular news in the world of sustainable transport and energy. In this week’s episode, we discuss the EV/Solar killing bill moving forward, Elon lying about Tesla’s demand, cheaper EVs coming, and more.

The show is live every Friday at 4 p.m. ET on Electrek’s YouTube channel.

As a reminder, we’ll have an accompanying post, like this one, on the site with an embedded link to the live stream. Head to the YouTube channel to get your questions and comments in.

After the show ends at around 5 p.m. ET, the video will be archived on YouTube and the audio on all your favorite podcast apps:

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We now have a Patreon if you want to help us avoid more ads and invest more in our content. We have some awesome gifts for our Patreons and more coming.

Here are a few of the articles that we will discuss during the podcast:

Here’s the live stream for today’s episode starting at 4:00 p.m. ET (or the video after 5 p.m. ET)

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Circle K just opened a new spot exclusively for EV charging with no gas pumps in sight

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Circle K just opened a new spot exclusively for EV charging with no gas pumps in sight

This is what the future of travel will look like. Circle K opened its first location exclusively for EV charging in Europe. The site features ten ultra-fast EV chargers and a convenience store while you wait.

Circle K opens first EV charging-only site in Europe

The new EV charging hub is located in Gårda, near Gothenburg, Sweden. It’s Circle K’s largest EV charging-only location with ten 400 kW chargers that can recharge from 0 to 80% in around 15 minutes.

Kempower supplied two 600 kW Power Units and ten Single Satellite chargers that can deliver up to 400 kW of power.

With an improved version of Kempower’s Autocharge feature, the system can store your information so that the next time you visit, all you have to do is plug in. The system will recognize your vehicle and bill you automatically.

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While you wait, there’s a 1,076 ft² (100 m²) convenience store that offers “a complete retail experience,” offering food, drinks, Wi-Fi, and plenty of seating.

The site expects heavy traffic on Sweden’s E6, with over 10,000 vehicles travelling on the motorway daily.

Circle-K-EV-Charging
Circle K opens its first EV charging-only site in Europe (Source: Kempower)

The new EV charging-only site comes after Circle K opened its largest EV charging hub in Sweden. Located just southwest of Stockholm, the flagship location has 26 fast chargers that can be used with light and heavy-duty vehicles.

Circle K now has over 3,000 branded chargers across Europe and will continue adding to its network as demand for EV charging rises.

Circle-K-EV-charging
Circle K’s largest electric vehicle charging hub in Sweden (Source: Circle K)

With around 17,000 locations globally, the company said it’s “uniquely positioned” to support the transition to electric vehicles.

Will we see Circle K open a location exclusively for EVs in the US? As more electric cars hit the road, more charging options will be needed. A few convenience stores, including 7-Eleven, are already rolling out fast chargers. Through 7Charge, 7-Eleven aims to build “one of the largest and most compatible” EV fast charging networks of any retailer in North America.

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