Remember how the Bluth family drove that airplane staircase truck in the TV series Arrested Development? My apologies if not, since that’s a bit critical to the lead image gag above. But either way, you can surely appreciate how ridiculous it would be to actually own and drive one of those as a real vehicle. And now thanks to Alibaba, you might not have to purely imagine it anymore.
That’s right! This week’s entry in the future Pulitzer Prize-winning column Awesomely Weird Alibaba Electric Vehicle of the Week is a set of electric airplane stairs that you can drive to the grocery store, bowling alley, or to visit your friend in jail. Just don’t park too close to the fence.
To be fair, there’s a slight chance that the stair trucks in the product images on Alibaba aren’t actually electric. The sales page describes an “electric option” for the truck, and I’ve got a hunch that these might be the old-fashioned dinosaur stairs. But to be honest, I’ve been writing this column for over three years now and I’m starting to worry that I’m outpacing the rate at which China can build new weird EVs, so I’m going to allow it.
And it would make perfect sense to have an electric stair truck, at least if you happen to be operating an airline. The refueling operation for massive airliners seems like the last place you’d want any extra exploding engines driving around.
What makes a bit less sense is why they would be selling one of these on Alibaba. Surely they have a direct phone line to Spirit Airlines – they don’t need to advertise to them online.
But hey, if they’re going to market a set of electric airplane stairs on Alibaba, you better believe I’m going to imagine how they could fit into my life. This could be the big new status symbol in electric vehicles!
We’ve got dudes with too much money buying Cybertrucks just to have the latest rare thing to show off. I was just in Austin, Texas this week and saw a pile of Cybertrucks already. Boring… Next! How about driving around one of these babies, huh?! I can all but guarantee you’ll have the only one in town. Oh, your Cybertruck needs special machinery to produce it? So does my truck. Both of ours may rust when left out in the rain, but only mine comes in both a convertible and hard top!
Oh yea, and at just $60,000 a pop, mine saves me a bit of cash, too!
As usual, I don’t actually recommend trying to buy whatever awesome, weird, or traffic-crime-of-a-vehicle I happen to feature each week from Alibaba. Not only is there a real non-zero chance that you’ll lose your money and never get a vehicle, but almost none of the fun things coming out of China’s EV factories are street-legal in the US. And let’s be honest, where would you park your stair truck, anyway?
Sure, none of us will probably buy an electric stair truck. It’s an extravagance that simply won’t fit into the lives of most average folks like us.
But the next time you’re taking a bleary, red-eye flight to lord only knows where, and you happen to gaze distantly out the terminal window until your eyes lock onto a lonely, disused stair truck on the corner of the tarmac, you can think to yourself, “that could have been me.”
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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.
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.
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.
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 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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