Tesla Cybertruck owner gets quoted over $30,000 for Powershare installation
A Tesla Cybertruck owner has been quoted over $30,000 for a Powershare installation to enable his electric pickup truck to power his house.
When Tesla unveiled the production version of the Cybertruck late in the year, the automaker finally confirmed it was its first bi-directional charging-capable vehicle.
The feature allows Cybertruck owners to use the battery pack in trucks for more than just driving the vehicle. They can power virtually anything from the outlets in the bed of the vehicle, even another electric vehicle.
But through Tesla’s new Powershare product, Tesla Cybertruck owners can also power their homes in case of an outage.
The company previously said that Powerwall owners already have the required hardware to use the feature, and if not, you can use Tesla’s Universal Wall Connector ($595) and a Gateway ($1,800). Thought the automaker also unveiled a new ‘Powershare Mobile Connector’.
For Cybertruck Foundation series buyers, Tesla offers this hardware for free and for Cyberbeast Foundation series buyers, the automaker offers $4,000 toward installation, but we warned it could be much more expensive.
However, we didn’t expect it to be about 10 times more expensive, but that’s exactly what a Cybertruck owner was quoted.
Joe Tegtmeyer, a Cybertruck owner better known for his drone flyovers of Gigafactory Texas, shared his quote to install Tesla Powershare at his house:
He is being quoted $64,275, but that’s with 2 Powerwalls to be fair. For the cost of enabling Powershare alone without Powerwalls, Tegtmeyer is being quoted $33,837.50 by installer Treehouse.
The insane pricing is due to suspicious $24,000 upgrade to increase the power input into the house:
It’s unclear why you would need to increase the power input into your house to get backup power? Couldn’t you just backup what you already have?
Tegtmeyer was surprised by the quote as he recently had electrical upgrades for his home solar panel installation:
I had thought Powershare might be a viable option for me, especially since I already had a huge solar panel system & all related electrical upgrades including a completely new main circuit-breaker panel & new heavy-duty wiring included as part of my solar system installation. I had thought this would make the Powershare installation easier, but apparently, that is not the case.
A quote like that will certainly change your plans.
The easy solution is to get another quote, but that can be difficult as you have to go through a Tesla-approved installer and not many have been approved for Powershare yet.
Electrek’s Take
Now, this could be an isolated case, but I feel like it won’t be. It reminds me of the early days of Powerwall when buyers were being given crazy installation quotes when Tesla started working with third parties.
The whole idea of Powershare and bidirectional charging is that it is a cheaper way to get backup power because you already have the battery in your vehicle. The electrical hardware and installation cost are the difference makers.
It looks like Tesla has the hardware under control, but it might need to control the installation cost by working with installers.
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Tesla’s Q2 results are in, and they are way, way down from Q2 of 2024. At the same time, Nissan seems to be in serious trouble and the first-ever all-electric Dodge muscle car is getting recalled because its dumb engine noises are the wrong kind of dumb engine noises. All this and more on today’s deeply troubled episode of Quick Charge!
We’ve also got an awesome article from Micah Toll about a hitherto unexplored genre of electric lawn equipment, a $440 million mining equipment deal, and a list of incompetent, corrupt, and stupid politicians who voted away their constituents’ futures to line their pockets.
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OpenAI is distancing itself from Robinhood‘s latest crypto push after the trading platform began offering tokenized shares of OpenAI and SpaceX to users in Europe.
“These ‘OpenAI tokens’ are not OpenAI equity,” OpenAI wrote on X. “We did not partner with Robinhood, were not involved in this, and do not endorse it.”
The company said that “any transfer of OpenAI equity requires our approval — we did not approve any transfer,” and warned users to “please be careful.”
Robinhood announced the launch Monday from Cannes, France, as part of a broader product showcase focused on tokenized equities, staking, and a new blockchain infrastructure play. The company’s stock surged above $100 to hit a new all-time high following the news.
“These tokens give retail investors indirect exposure to private markets, opening up access, and are enabled by Robinhood’s ownership stake in a special purpose vehicle,” a Robinhood spokesperson said in response to the OpenAI post.
Robinhood offered 5 euros worth of OpenAI and SpaceX tokens to eligible EU users who signed up to trade stock tokens by July 7. The assets are issued under the EU’s looser investor restrictions via Robinhood’s crypto platform.
“This is about expanding access,” said Johann Kerbrat, Robinhood’s SVP and GM of crypto. “The goal with tokenization is to let anyone participate in this economy.”
The episode highlights the dynamic between crypto platforms seeking to democratize access to financial products and the companies whose names and equity are being represented on-chain
U.S. users cannot access these tokens due to regulatory restrictions.
Despite the warnings, BYD continues introducing new discounts. On Wednesday, BYD’s luxury off-road brand began offering over 50% Huawei’s smart driving tech.
BYD introduces new discounts on smart driving tech
After BYD cut prices again in May, the China Automobile Manufacturers Association (CAMA) warned that the ultra-low prices are “triggering a new round of price war panic.”
Although they didn’t single out BYD, it was pretty obvious. BYD slashed prices across 22 of its vehicles by up to 34%, triggering several automakers to follow suit in China.
BYD’s cheapest EV, the Seagull, typically starts at about $10,000 (66,800 yuan). After the price cuts, the Seagull is listed at under $8,000 (55,800 yuan).
It doesn’t look like China’s EV leader plans to slow down anytime soon. Fang Cheng Bao, BYD’s luxury off-road brand, introduced new discounts on Huawei’s smart driving tech on Wednesday.
The limited-time offer cuts the price of Huawei’s Qiankun Intelligent Driving High-end Function Package to just 12,000 yuan ($1,700).
Buyers who order the smart driving tech in July will save over 50% compared to its typical price of 32,000 yuan ($4,500).
Earlier this year, Fang Chang Bao launched the Tai 3, its most affordable vehicle, starting at 139,800 yuan ($19,300). The Tai 3 is about the size of the Tesla Model Y, but costs about half as much.
The Tai 3 will spearhead a new sub-brand of electric SUVs following the more premium Bao 8 and Bao 5 hybrid SUVs.
BYD’s luxury off-road brand sold 18,903 vehicles last month, up 50% from May and 605% compared to last year. Fang Cheng Bao has now sold over 10,000 vehicles for three consecutive months.
The Chinese EV giant sold 382,585 vehicles in total in June, an increase of 12% from last year. In the first half of the year, BYD’s cumulative sales reached over 2.1 million, a YOY increase of 33%.
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