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Stand With Crypto’s bus tour through five battleground states kicked off last week in Phoenix and Las Vegas.

Logan Dobson/Stand With Crypto Alliance

LAS VEGAS — In Nevada’s 4th Congressional District, a crypto PAC spent nearly $2 million on ads this cycle to support the reelection of Steven Horsford, a Democratic congressman who’s voted in favor of some major pro-crypto bills.

But watching the ads, you’d learn nothing about that agenda.

“He’s leading on jobs, bringing good paying union jobs to Nevada and rebuilding our infrastructure,” one 30-second commercial says. “He capped insulin prices at $35 a month” and “worked multiple jobs to support his hard-working single mother and siblings.”

The ad wraps up with the disclosure, “Fairshake is responsible for the content of this ad.”

Fairshake was the largest crypto-aligned super PAC in the 2024 election cycle, spending piles of cash to support crypto allies and vote out antagonists across the country. The group brought in $170 million, accounting for a huge chunk of the amount raised by crypto-related PACs and other groups, which totaled more than $245 million, according to Federal Election Commission data.

Crypto has accounted for nearly half of all corporate money flowing into the election, according to a report from nonprofit watchdog Public Citizen. No other sector is close. That includes oil companies and banks, which have historically been big political contributors. Crypto even outpaced Elon Musk, the world’s richest person, who spent tens of millions of dollars to try to get Republican nominee former President Donald Trump back in the White House in his contest against Democratic Vice President Kamala Harris.

A big part of the crypto industry’s strategy when it came to distributing cash was to identify key races and then flood the zone.

Industry advocacy group Stand With Crypto Alliance, launched by Coinbase last year, developed a grading system for the presidential race and for House and Senate candidates across the country, helping it determine where to spend.

Bitcoin hits three-month high as bipartisan support of crypto industry fuels spot ETF inflows

Horsford received an A grade based on his public comments and his voting history while in office. His campaign received money from Fairshake as well as individual donations from Coinbase CEO Brian Armstrong, Ripple co-founder Chris Larsen, venture capitalist and longtime crypto investor Reid Hoffman, and billionaire twins Cameron Winklevoss and Tyler Winklevoss.

Nevada is home to two of the thirteen “critical elections” singled out by Stand with Crypto, a designation the group defines as races that are “critical to the future of crypto in America.” In addition to Horsford’s election, the other Nevada race is the Senate contest between Democratic incumbent Jackie Rosen and Republican challenger Sam Brown. Both candidates received an A grade.

According to data shared by Stand with Crypto, 385,000 Nevadans are crypto owners, and more than 16,000 people in the state have signed up to be advocates for the group, which made a stop in Las Vegas in September as part of a multi-state tour.

The other races deemed critical were for Senate in Montana, Ohio, Pennsylvania, Arizona, Massachusetts, Michigan, Wisconsin and Maryland, and for specific House contests in Colorado, Iowa and Oregon.

To reach potential voters, Fairshake isn’t talking a lot about crypto. Nor are its affiliate PACs, which have names like Defend American Jobs and Protect Progress. They’ve collectively spent more than $135 million this cycle, mostly on ads.

“Not mentioning crypto assets explicitly is probably a savvy move to avoid alienating voters who prefer traditional currencies and might be put off by connections to crypto,” said David Nickerson, an associate professor of political science at Temple University who worked in the analytics department for President Barack Obama’s reelection campaign in 2012.

The biggest single target of crypto money this cycle was Ohio Sen. Sherrod Brown, the Democratic chair of the Senate Banking Committee. Brown backed Sen. Elizabeth Warren, D-Mass., in holding hearings on whether digital tokens were tied to terrorism.

In December, Brown told journalists that he wasn’t concerned about the crypto industry’s rumblings against him.

“Bring ’em on,” Politico quoted Brown as saying to a crowd of reporters.

Some $40 million of crypto money has been directed at defeating Brown, and one PAC has paid for five ads designed to boost awareness of Republican rival Bernie Moreno, a blockchain entrepreneur. The race is crucial in determining which party will control the Senate.

Protect Progress, a PAC affiliated with Fairshake, has given more than $10 million apiece to Senate candidates in Arizona and Michigan. In Arizona, the group favors Democrat Ruben Gallego, who is vying for the seat being vacated by Kyrsten Sinema. In Michigan, the preferred choice is Elissa Slotkin, who is currently a Democratic House member.

Democratic Rep. Katie Porter of California lost in the primary for Senate after Fairshake spent over $10 million in ads against her. Defend American Jobs spent more than $3 million to support Republican Jim Justice in West Virginia, who has been declared the winner, replacing exiting Democratic Sen. Joe Manchin.

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10,000 buyers snapped up 776 hp electric AUDI wagon – in its first 30 minutes!

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10,000 buyers snapped up 776 hp electric AUDI wagon – in its first 30 minutes!

With dual electric motors pumping out 776 hp, over 400 miles of all-electric range, and a relatively low MSRP, the new AUDI E5 Flagship Quattro electric wagon is electrifying the Chinese wagon market – scoring over 10,000 orders in its first thirty minutes on sale!

First launched last fall, the new Audi-backed AUDI sub-brand kept the sexy wagon aesthetic but ditched the Germans’ interlocking rings and Auto Union heritage in favor of a simple, all-caps AUDI logo on the E concept wagon. Now seen in production trim, the production AUDI E5 Sportback is surprisingly true to the original concept – except in the horsepower department, that is.

But, while a production car having lower horsepower figures than the concept car that preceded it is pretty typical, the production AUDI E5 is different: it actually offers more peak power than the 765 hp concept!

That’s right, kids! the range-topping Flagship Quattro version of the new AUDI E5 Sportback offers buyers 776 horsepower (that’s 11 more than the concept), and gets 402 miles (CLTC) of range from its 100 kWh battery. And, while that version is a monster, even the base-level Pioneer version at just 235,900 yuan ($33,000, as I type this) offers a 76 kWh battery pack sending power to a 295 hp rear-mounted electric motor and over 600 km of range (~385 miles).

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It’s a solid achievement in value and tech, and the Audi people seem pretty proud of themselves. “The AUDI E5 Sportback is our first model based on the Advanced Digitized Platform, and it delivers on our brand promise: the best of both worlds,” says Fermín Soneira, CEO of the Audi and SAIC Cooperation Project. “Audi’s DNA and engineering excellence is blended with China’s digital ecosystem and innovations, specifically tailored for our tech-savvy customers.”

And it’s pretty.

AUDI E5 Sportback


The wagon’s exterior, while not necessarily shouting “Audi” in the conventional, Western sense, is still proportioned well enough to carry the four rings (or, looked at another way, a VW logo). But, while it’s a great-looking wagon on the outside, it’s on the inside that the all-new E5 AUDI Sportback really sets itself apart.

The interior of the AUDI E5 Sportback is noticeably different from any Audi model, being much more inline with similar entry-luxe EVs sold in China. The E5 dash also sports a 59″-inch” wide screen that stretches across the entire dash, digital side mirrors, Alcantara seating surfaces, and wireless phone chargers.

All that tech is powered by the QUALCOMM Snapdragon 8295 automotive chipset with 5-nanometer precision and the ability to perform 30 billion operations per second, and the Chinese-market AUDI OS offers what its makers call, “an intuitive experience designed to make the vehicle occupants’ lives easier.”

You can take a look at the new E5 Sportback’s interior, below, then let us know whether or not you think an Audi AUDI like this (and its purple mood lighting) would be a hot seller Stateside in the comments.

E5 Sportback interior


SOURCE | IMAGES: AUDI.


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Forget Tesla hype — Einride begins public L4 autonomous electric semi operations

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Forget Tesla hype — Einride begins public L4 autonomous electric semi operations

While Tesla has struggled to deliver on the hype of its self-driving promises, Einride has been quietly developing a Level 4 self-driving electric truck. Now, that quiet effort is paying off. For the first time, the company is operating a fully autonomous, heavy-duty EV on public roads in Europe.

The Einride Level 4 autonomous HDEV is being operated under a relatively new Belgian regulatory framework, and showcases how Einride (and Europe) might hope to take the lead in advancing autonomous freight technology. Now in service at the Port of Antwerp-Bruges, one of the most complex logistics centers in the world, Einride believes its autonomous trucks can move goods with more efficiency and lower emissions than human-driven, diesel-powered rivals.

“Antwerp is more than a logistical hub,” explains Johan Klaps, an alderman at the port of Antwerp. “(Antwerp) is also a place where the mobility of tomorrow is tested and concretized. Autonomous and sustainable applications such as Einride’s proves that innovation is a driver for competitiveness and economic growth.”

Einride autonomous HDEV


The Einride truck itself is an impressive piece of engineering, fitted with a robust 320 kWh li-ion battery pack that promises more than 650 km (405 miles) of all-electric range, thanks to a combination of slippery aerodynamics, energy-efficient electric drive motors, and (of course) the energy-smart driving tactics employed by its impressive self-driving software.

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Einride says its autonomous driving system (backed by a remote operator, Waymo-style, to help deal with edge cases) processes over 5 million data points per second, using radar and LiDAR to feed AI that generates real-time driving instructions for seamless navigation and freight delivery. And, thanks to its purpose-built, cab-less design and 82,000 lb. GVWR, each electric truck can operate with fewer than one remote operator per vehicle, paving the way for far more cost-efficient and expansive logistics operations without the need for many more operators.

“What we are seeing today in Antwerp perfectly aligns with European ambitions,” says Andrea De Candido, Connected, Cooperative and Automated Mobility (CCAM) DG RTD – European Commission. “(We’re) developing innovative technologies that are efficient, safe, sustainable and scalable. Through pioneering projects like this, we strengthen Europe’s position in future-oriented automated mobility solutions.”

With driver shortages still hitting the industry and electric semi fleets already running across Europe, the Middle East, and even here in the US, it’s only a matter of time before Einride rolls out its autonomous trucks in more markets.

SOURCE | IMAGES: Einride; via LinkedIn.


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Hacker reveals details of Tesla’s upcoming stripped-down Model Y

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Hacker reveals details of Tesla's upcoming stripped-down Model Y

A hacker has revealed new details of Tesla’s upcoming stripped-down Model Y, which is likely going to be the automaker’s most affordable level yet.

Tesla has been teasing the release of “more affordable models” since last year, but there’s been confusion around what Tesla plans to release.

As we have reported for almost a year, CEO Elon Musk canceled Tesla’s planned “$25,000 EV” in favor of stripped-down versions of its Model 3 and Model Y.

Due to Tesla still referring to them as “new, more affordable models”, many people believed that Tesla would still bring to market new, cheaper models.

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In fact, the automaker initially stated that it would arrive in the “first half of 2025.”

The first half of 2025 came and went without new, cheaper models. Instead, Tesla claimed that the “first build” of the new model was produced in June, and it will launch later this year.

In July, Musk finally confirmed that the first “new affordable model” is in fact simply a Model Y.

The new stripped-down Model Y is codenamed E41 and is expected to feature cheaper materials and fewer features than the normal Model Y, which starts at $45,000 in the US.

It is expected to be similar to what Tesla did with the new base Model 3 in Mexico, which features cloth materials instead of vegan leather, lacks a rear display, has no ambient lighting, and features a less advanced audio system.

However, we now learn that the new affordable Model Y will go further than a cheaper interior.

Green, a well-known Tesla hacker who often reveals new features in vehicles through looking deep in firmware updates, claims to have uncovered new details about the upcoming Model Y E41 through the latest Tesla firmware update.

The details are somewhat limited as he has to decode them from the firmware, but here’s the full list of what he has found out about the new cheaper Model Y:

  • “Essential” and “essential with commodity” audio packages
  • Backup camera without heater
  • No “air wave” in the center console, which likely means no air flow control for the second row
  • A new front fascia
  • Simplified fiberglass headliner
  • Simplified cabin lighting (footwell only)
  • Simplified seat controls (single axis)
  • No power mirror folding
  • No puddle lamps
  • No glass roof
  • No second row display
  • No Tire Pressure Monitoring System
  • Simplified 18″ wheels
  • Downgraded suspension

Tesla has yet to confirm when the new Model Y version will launch, but we previously reported that Tesla is likely waiting for Q4 as it is enjoying strong demand in Q3 from the end of the federal tax credit in the US.

Electrek’s Take

I like “simplified”. I don’t know if the term comes from Green or Tesla, but it certainly works better than “stripped-down,” even though it is also accurate based on what we are learning about the new version.

This didn’t work with the Cybertruck. Tesla quickly discontinued the “simplified” version, but the Cybertruck was already much less popular than Model Y.

I don’t know. This could work. It depends entirely on pricing. If it brings the base price down to $35,000, I can see some people going for it.

However, it will likely devalue Tesla’s “premium” brand and the Model Y significantly.

Also, most of the demand is likely going to come from Model Y buyers in the first place – cannibalizing Tesla’s own sales.

In short, it’s more of a placeholder to slow down the degradation of Tesla’s EV business amid its shift to autonomous driving and robotics, rather than a solution to return to EV growth. That’s a bummer.

Tesla needs brand-new EV models. It’s plain and simple.

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