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Following up the exclusive $600 discount on the 1,200W Smartravel Electric Bike that is still going, we’re now tracking the best price we have seen on Aventon’s Pace 500.3 Cruiser e-bike at $1,099. It comes joined by the Camplux 18kW Tankless Electric Water Heater at $270 that hasn’t seen a discount in many months. Plus, all of today’s other best new Green Deals.

Head below for other New Green Deals we’ve found today and, of course, Electrek’s best EV buying and leasing deals. Also, check out the new Electrek Tesla Shop for the best deals on Tesla accessories.

Aventon’s Pace 500.3 Cruiser e-bike now $1,099

Best Buy is offering one of the best deals we’ve seen to start off the new year on the Aventon Pace 500.3 Cruiser e-bike for $1,099 shipped. Normally priced at $1,799, we only ever saw this particular model priced down to $1,599 during holiday events and short-lived flash sales. Today’s deal comes in as a 39% discount off the going rate, beating out all our previous mentions by $500 and giving you the opportunity to grab the latest generation of the Pace series for the lowest price we have tracked. We detail everything to expect in our launch coverage.

This e-bike is equipped with a 500W rear-hub motor coupled with a fully integrated 48V lithium-ion battery that is able to reach top speeds of up to 28 MPH with a range of up to 60 miles on a single charge. It features four levels of pedal assistance: eco, tour, sport, and turbo. It also sports an upright cruiser frame with integrated lights that offer turn signal functionality, as well as a backlit LCD full-color display that keeps you informed of your speed, battery life, and pedal assist level. You can even charge your smartphone with its concealed USB port and sync to the Aventon app during your ride.

Camplux 18kW Tankless Electric Water Heater now $270

Amazon is offering the Camplux 18kW Tankless Electric Water Heater for $269.99 shipped. Down from a $350 price tag, this model has only seen a handful of discounts since its release in June, with the greatest among them happening back in September before prices began climbing for the last few months of 2023. Today’s deal comes in as a 23% markdown off the going rate, giving you $80 in savings and dropping costs to the second-lowest price we have tracked, just $20 above its September low. With this 240V electric water heater you’ll only be waiting for a few seconds before receiving plenty of hot water for your shower. The low-consumption heating rod bolsters efficiency up to 99.8% and requires two 40A breakers, saving you “up to 60% on your water-heating costs” for your home. It features overheating protection, anti-dry heating protection, and water-electricity separation to provide you with a stable and consistent water temperature output.

Save $600 on this motorbike-style Smartravel e-bike

Wellbots is offering one of the more unique e-bike deals we’ve seen as of late. The 1,200W Smartravel Electric Bike stands out with a motorbike-style design that packs plenty of higher-end features to match its standout build. Now, it drops down to $1,299 shipped when you apply our exclusive code 9TO5BIKE250. That’s down from the usual $1,899 price tag, and takes an extra $250 off the $1,549 sale price that went live earlier today.

The Smartravel e-bike arrives with a 1,200W brushless motor that notably is backed by 80Nm of torque for tackling those steeper includes. It can hit 32 MPH top speeds across an over 30-mile range. The unique design houses a pair of 20-inch fat tires as well as a dual-shoulder suspension system for the front dorks and rear shocks to really lean into its off-road prowess.

Winter e-bike deals!

juiced hyperscrambler 2

Other new Green Deals landing this week

The savings this week are also continuing to a collection of other markdowns. To the same tune as the offers above, these all help you take a more energy-conscious approach to your routine. Winter means you can lock in even better off-season price cuts on electric tools for the lawn while saving on EVs and tons of other gear.

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Cleveland-Cliffs shares jump 17% as steelmaker looks into rare earths mining

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Cleveland-Cliffs shares jump 17% as steelmaker looks into rare earths mining

Signage outside the Cleveland-Cliffs Inc. Cleveland Works steel mill in Cleveland, Ohio, US, on Wednesday, Aug. 17, 2022.

Luke Sharrett | Bloomberg | Getty Images

Cleveland-Cliffs is looking into building a rare earths mining business, CEO Lourenco Goncalves told investors Monday.

The steelmaker has two sites in Michigan and Minnesota where geological surveys have found indications of rare earths, Goncalves said in a statement on Cleveland-Cliffs’ third-quarter earnings.

Shares of Cleveland-Cliffs were trading about 17% higher.

“If successful, it would align Cleveland-Cliffs with the broader national strategy for critical material independence, similar to what we achieved in steel,” the CEO said “American manufacturing shouldn’t rely on China or any foreign nation for essential minerals, and Cliffs intends to be part of the solution.”

Rare earths are used to manufacture magnets that are key inputs in U.S. weapons platforms, electric vehicles, semiconductor fabrication, robotics and other applications.

China dominates the global rare earth supply chain and the U.S. is dependent on Beijing for imports. Beijing imposed strict export controls on rare earths earlier this month, provoking President Donald Trump to threaten 100% tariffs in retaliation.

The U.S. has only one commercial rare earth mine. The Defense Department struck a deal in July with the mine’s owner, MP Materials, that included an equity stake, a price floor and an offtake agreement.

Investors have been speculating that the Trump administration will strike similar deals with other U.S. companies that are trying to stand up domestic rare earths mines and processing facilities.

This is a developing story. Please check back for updates.

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Lucid (LCID) enlists big-name stars to hype its new luxury electric SUV

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Lucid (LCID) enlists big-name stars to hype its new luxury electric SUV

Lucid Motors (LCID) is recruiting more high-profile stars to spotlight its new luxury electric SUV, the Gravity.

The luxury EV maker is teaming up with some of the NBA’s biggest stars, Jalen Brunsen and Josh Hart, in its latest collaboration.

Lucid enlisted Jalen and Josh, teammates on the New York Knicks, for a new market campaign designed to celebrate “those who refuse to settle for the status quo.”

Keep a lookout this Wednesday, October 22, during the New York Knicks home opener against the Cleveland Cavaliers to see Jalen and Josh hype the Lucid Gravity electric SUV.

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Lucid, Hart, and Brunson plan to showcase “how precise performance, cultural influence, and athletic excellence come together — on the court, on the road, and in the moments that move individuals.” The partnership is the latest as Lucid builds a roster of high-profile celebrities and athletes to promote the brand.

Lucid-stars-electric-SUV
NBA superstars Jalen Brunson and Josh Hart alongside the Lucid Gravity (Source: Lucid Motors)

“To be one of the best, you have to be willing to do whatever it takes,” Brunson said, adding “It’s a commitment to improving every day, and never accepting that you can’t reach that next level. I see that same passion for excellence in Lucid.”

Lucid said the collaboration “underscores the brand’s mission to compromise nothing” as it builds a roster of high-profile celebs and athletes to promote the new Gravity electric SUV.

In August, Lucid teamed up with Timothée Chalamet, its first global brand ambassador, for an ad campaign called “Driven.”

Lucid also attended NFL star Travis Kelce’s, Kelce Car Jam last month. For every test drive, Lucid donated $87 to Kelce’s Eighty-Seven and Running Foundation. Kelce founded Eighty-Seven & Running in 2015 to mentor disadvantaged youth, help develop their skills, and motivate them to get out and do their best.

As it ramps up output, the EV maker has been actively promoting the Gravity. Last week, Lucid trolled Tesla on social media in a video asking Elon Musk’s Grok, “What’s the best luxury EV?”

Grok’s answer: The 2025 Lucid Air. Do you agree? ChatGPT and CoPilot said the same.

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Elon Musk threatens to leave Tesla (TSLA) if he doesn’t get his ridiculous pay

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Elon Musk threatens to leave Tesla (TSLA) if he doesn't get his ridiculous pay

Elon Musk has openly threatened to leave Tesla, or at least his role as CEO, if he doesn’t get his ridiculous compensation.

He is now saying the quiet part out loud.

Tesla shareholders are about to vote on a new, controversial compensation package for Elon Musk.

While many are focused on the ridiculous size of the stock options, which could be worth up to $1 trillion, many analysts have highlighted other problems with the package.

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A Reuters report last week noted that, with business as usual and a market capitalization growth below the S&P average, Musk could still receive one or even two tranches of his compensation package, worth between $20 billion and $40 billion.

In short, under the rules of the package, Musk could receive the biggest payday in history for returning below average returns.

That’s on top of the CEO already having received more compensation from Tesla than the company has earned in profits since its existence.

One commentator on X pointed out the concern about the first tranche of the compensation plan. Instead of addressing the genuine concern, Musk responded by boasting about Tesla’s market capitalization and suggesting that he won’t be Tesla’s CEO if he doesn’t get the pay:

Tesla is worth more than all other automotive companies combined. Which of those CEOs would you like to run Tesla? It won’t be me.

The CEO then shared posts encouraging Tesla shareholders to vote for the shareholders meeting, which is happening on November 6th.

Electrek’s Take

There are many issues with this comment. First off, it completely ignores a real problem with the comp package. Even if you believe that Musk would deserve $1 trillion in compensation for bringing Tesla’s valuation to $20 trillion, the package shouldn’t allow for Musk to make tens of billions from below average return.

It looks like the package is being used as a trojan horse to dazzle shareholders with the promise of unlikely crazy returns when the more likely outcome is to give Musk what would still be a record compensation for Tesla delivering a below average return on investment.

The fact that Musk doesn’t want to address this clear issue is a red flag.

Furthermore, Musk is using a dirty card: you play by my rules or I’m gone.

This is what I previously called the ‘Tesla Dilemma’: Elon Musk is destroying Tesla’s profitable car business, but at the current valuation, his lies about self-driving and robots is what is keeping the stock alive.

Therefore, Tesla shareholders are disincentivized to vote against Musk if he threatens to leave because he would leave with his stock pumping lies – leading in the stock crashing.

He has a complete hold on Tesla and he is going to force shareholders to give him another ridiculous stock compensation package.

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