Tesla (TSLA) is reportedly looking to raise almost $800 million from a debt sale backed by its auto leases.
Bloomberg reported the move, which Tesla is reportedly premarketing the debt sale to the market right now:
The deal, being run by Societe Generale, would be the electric-vehicle maker’s second transaction of the year and is expected to price next week, according to a person familiar with the matter who asked to be identified as they’re not authorized to speak publicly. March’s $750 million deal had a 5.53% coupon on its top tranche.
As interest rates started to go down this year, automotive asset-backed security (ABS) deals have picked up.
Ford just did a $1.7 billion ABS deal and Tesla did one earlier this year.
As of its latest reported quarter (Q2 2024), Tesla had over $4.2 billion in ABS notes:
Tesla is also sitting on $30 billion in cash, cash equivalent, and short-term investments at the end of last quarter
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Genesis is turning 10, and it’s celebrating with a few big surprises. The rising luxury brand is rolling out a slate of new hybrids and EVs, including an ultra-luxe flagship SUV and off-roader.
Genesis gears up for new EVs, hybrids, and EREVs
Hyundai’s luxury brand has quickly emerged as a dark horse in the luxury market. Genesis is celebrating its 10th anniversary with a bang.
By 2030, the brand aims to sell 350,000 vehicles annually. Genesis is launching a new lineup, including its first hybrid, a new flagship SUV, an off-roader, and several performance vehicles.
Hyundai confirmed during its CEO Investor Day on Thursday that Genesis will launch several new models soon, including new EVs, hybrids, and extended-range vehicles (EREVs).
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Genesis will launch its first hybrid in 2026, followed by EREVs shortly after. At least two new SUVs are set to join the lineup, a full-size flagship model and an off-roader.
Hyundai said the new luxury SUVs will be based on the Neolun and X Gran Equator concepts. Although we have yet to learn all the details, the Neolun is expected to arrive as the GV90, an “ultra-luxe,” full-size flagship electric SUV. The X Gran Equator concept is a more rugged, luxury off-road SUV.
Genesis Neolun ultra-luxury electric SUV concept (Source: Genesis)
Genesis plans to expand the brand into up to 20 European markets while strengthening its presence in the US. Those in the US will see the first hybrid Genesis vehicles roll out, starting in 2026.
Genesis X Gran Equator Concept (Source: Genesis)
The luxury brand will also launch its first EREV, which Hyundai promises will deliver over 600 miles of range by using a battery and a gas engine that acts as a backup generator.
Genesis is entering “the realm of high-performance vehicles” with its new Magma brand. The first performance model, the GV60 Magma, will arrive later this year.
Genesis GV60 Magma testing with other Magma vehicles (Source: Genesis)
In under eight years, the Genesis brand sold a total of over 1 million vehicles. Over the next few years, it’s betting on new EVs, hybrids, advanced tech, sleek designs, and more to solidify its position in the luxury space.
Hyundai is also launching new vehicles across nearly all powertrains and segments. Check out our recap of Hyundai’s CEO Investor Day to see what’s coming.
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Starting at under $35,000 with up to 319 miles of range, class-leading tech, and more, the Chevy Equinox EV is hard to beat. But, is “America’s most affordable 315+ miles range EV,” really the best value?
The Chevy Equinox EV wins best value electric vehicle
The fastest-growing EV brand in the US is not Tesla or Rivian, it’s Chevy, largely thanks to the electric Equinox. After launching the lower-priced LT model last year, starting at just $34,995, Chevy’s electric SUV has been flying off the lot.
GM expects the Chevy Equinox EV will be the third top-selling electric vehicle in the US in 2025, behind the Tesla Model Y and Model 3.
Considering what it offers, the electric Equinox is hard to beat, but is it really the best value? According to Cars.com, it is. The online marketplace released its latest Top EV picks ahead of the Federal EV tax credit, set to expire on September 30, naming the 2025 Chevy Equinox EV the best value electric vehicle.
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The online car-shopping marketplace sifted through the 77 EV models now available, naming the best for 2026 across value, usability, performance, and technology.
Chevy Equinox EV LT (Source: GM)
Other top EV picks included the 2026 Hyundai IONIQ 5 for best 2-Row SUV, the 2026 Kia EV9 for best 3-Row SUV, and the 2026 Hyundai IONIQ 6 for top electric car.
The 2026 Lucid Air was named the top luxury EV, while the 2026 Chevy Silverado EV took the title for top electric pickup truck.
Chevy Equinox EV interior (Source: GM)
“The federal EV tax credit helped make EVs more affordable, and while its expiration at the end of September may slow demand in the short term, it doesn’t mean the end of affordable EVs,” Aaron Bragman, Detroit Bureau Chief at Cars.com, explained.
Many automakers, including Chevy, Nissan, and Hyundai, are planning to launch lower-priced electric vehicles, while several state and local incentives will remain.
2025 Chevy Equinox EV trim
Starting Price
EPA-estimated Range
Monthly lease Price (September 2025)
LT FWD
$34,995
319 miles
$249
LT AWD
$40,295
307 miles
$319
RS FWD
$45,790
319 miles
$324
RS AWD
$49,090
307 miles
$367
2025 Chevy Equinox EV prices, range, and lease price September 2025 (Including $1,395 destination fee)
With leases starting at just $249 per month, the Chevy Equinox EV is hard to match right now. Chevy is offering pretty significant discounts across its entire EV lineup, including a $10,000 bonus on most models and 0% APR financing on any 2025 model year EV.
The Equinox EV is not only one of the most affordable to lease, but it’s also one of the cheapest to insure. According to a recent study from Insurify, the Chevy Blazer and Equinox are the most affordable EVs to insure.
If you’re looking to grab the savings while they are still available, we can help you get started. You can use our links below to find deals on the top electric vehicles in your area.
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EV Realty just broke ground on its first big truck charging hub in San Bernardino, California. The site sits in a prime location: by the San Bernardino Intermodal Facility, 60 million square feet of warehouse space, and Interstates 10 and 215 – a major freight route from the Ports of Los Angeles and Long Beach.
The hub will pack 9.9 megawatts of grid capacity and 76 DC fast charging ports, including megawatt charging pull-through stalls designed for big rigs. It’s built to serve regional and short-haul fleet customers in the Inland Empire metropolitan area, a hotspot for logistics and home to nearly 17,000 medium- and heavy-duty trucks.
EV Realty’s California charging hub is backed by the South Coast Air Quality Management District. It has a conditional award from California’s EnergIIZE Commercial Vehicles Project, funded by the California Energy Commission. It’s scheduled to open later this year.
EV Realty also announced today that it’s secured another $75 million in growth equity from private equity firm NGP, with contributions from the company’s management team. The funding will help scale its Powered Properties portfolio, including construction of the San Bernardino hub.
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Founded in 2022, EV Realty is focused on delivering turnkey, scalable charging solutions for commercial truck fleets. Last month, it partnered with Prologis to give drivers charging access across both networks. Earlier this year, EV Realty acquired a portfolio of assets from charging provider Gage Zero.
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