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Tesla CEO Elon Musk said that “your family’s life might depend on” having solar, despite that he’s part of a US government administration that has already made it harder to get solar, and seems poised to try to make it even harder.

Tesla hosted its Q4 and full year 2024 earnings call today, missing expectations on revenue and earnings. The company had its first down sales year since 2011, despite a rising EV market. The market initially responded poorly to the numbers, but recovered as Tesla guided a return to growth.

As part of the call, an investor asked if Tesla had given up on ramping its solar roof. The product was originally unveiled way back in 2016, and hasn’t particularly lived up to the hyped expectations of the time (especially due to some, uh, hiccups along the way).

Tesla’s answer highlighted that the roof remains a core part of its residential product portfolio, along with Powerwall, and that it draws a lot of customer interest despite it being a “premium” product (in contrast to original promises that it would cost less than a regular roof). But Tesla isn’t installing the roof itself, it says it would rather produce units to send to the roofing industry.

Then, CEO Elon Musk went into a soliloquy about the benefits of having home solar, which are true if perhaps a little overstated:

I think it looks really cool, and your house generates electricity. And if you combine it with the Tesla Powerwall battery, then you can be self sufficient, so that even if the grid turns off – even if the grid turns off for several days – your house still works. And your roof looks awesome. So it’s like, I recommend anyone who can afford it, get Tesla’s solar roof and Powerwall, your family’s life might depend on it. And just in terms of convenience, your kids are not gonna yell at you cause their computers don’t work and their power went out and they cant charge their phone. Actually happens. You literally cant even call anyone cause your phone’s out of juice.

Despite the answer being a bit rambly, there’s an important portion in there, when Musk says “your family’s life might depend on it.”

This is perhaps a little alarmist, but there is a point to be made in there. Having ready access to energy can be helpful in a bad situation, like for example during increasing natural disasters which Musk himself seems to deny are happening.

So, while Musk is wrong about climate change, he’s right that solar and batteries can increase resiliency of a home – which could, indeed, be lifesaving for that home’s residents in certain circumstances. But it’s still hyperbolic, and self-serving, to leverage these fears in order to sell a “premium” product – one which costs in the multiple tens of thousands of dollars – to fearful family members.

But then we must consider the larger context in which these words were said.

The White House’s occupant opposes solar

Unfortunately for the US, and for Elon Musk’s businesses selling renewable energy products, that three-time candidate finally managed to get more votes than his opponent (while still failing to attain a majority, and despite committing treason in 2021, for which there is a clear legal remedy). And after campaigning against solar, he’s already started attempts to marginalize it as an energy source in his first week squatting in the Oval Office.

On his first day occupying the seat on which traitors do not belong, he signed a memo stating that the US should focus on all forms of energy except wind and solar, the latter of which the company that virtually all of Musk’s wealth comes from sells.

Mr. Trump has also attempted to freeze disbursement of funds related to the Inflation Reduction Act, some of which go to solar projects. The IRA reduces energy costs for Americans and was responsible for a massive boost in American manufacturing, both things which Mr. Trump opposes.

We’re not sure what effect these directives will have, given their questionable legality and the fact that Congress is responsible for government budgets, not former reality TV hosts. But then again, it should be expected that a convicted felon would break the law again, especially if said felon shows no remorse for their illegal actions.

And Mr. Trump has ignorantly promised – inasmuch as the promises of a compulsive liar ever matter – to continue to attack this cheap, clean energy source in his quest to make life worse for Americans. Many estimate there is more nonsense to come, and given past experience with the ignoramus in question, that seems like a good bet.

But we’re talking about Elon Musk here, what does he have to do with all of this?

Elon Musk’s involvement in anti-solar actions

Elon Musk spent much of last year campaigning for Mr. Trump, despite that he made it openly clear that he wants to harm solar, the fastest-growing energy source in the US, which is cheaper and cleaner than fossil fuels. That candidate instead favors dirty, costly fossil fuel energy.

As a thank you for Musk’s massive bribes to Mr. Trump’s campaign, he has been appointed to the Department of Government Efficiency. This is not an actual department, but an advisory panel with no official authority.

It was created to be helmed by Musk and Vivek Ramaswamy, two of the supposedly most intelligent and capable republican operatives, who nevertheless were both tasked to do a job that would normally accomplished by one person (Ramaswamy has since quit or been forced outbefore the job even started). The panel has a redundant mission to the already-existing Government Accountability Office – making it a redundant office to reduce redundancy (no, this is not a Monty Python sketch, this is apparently real life).

So, Musk is an official part of this administration which is making these anti-solar moves.

It’s a change from Musk’s previous statements about solar power. Even as recently as 2022, Musk has decried anti-solar moves, and yet he’s now thrown large chunks of his personal wealth and effort into a group committing several of them.

While Musk and his advisory panel haven’t necessarily been directly associated with these anti-solar actions, the idea of freezing government funds is related to the supposed purview of his department, so it would be reasonable to think that he might have some input into this.

Further, Musk has shown in the past that when an administration does something he objects to, he’s willing to leave an advisory position in protest. He did this in 2017 when Mr. Trump signaled that he wanted to pull the US out of the Paris Agreement, an action which Musk said was “not good for America or the world” and quit an advisory board that he had been on (Trump did the same thing again last week, and Musk didn’t resign his position this time, signaling his newfound spinelessness).

So – the fact that Musk has not pulled out of the administration despite these anti-solar moves, combined with the fact that he has shown disapproval through resignations before, suggests that he at least tacitly accepts these moves to make it harder for you to install solar.

So… Elon Musk says you’ll die without solar, but wants to make it harder for you to get it?

And now we get to the point of this all: if Elon Musk thinks that your family is in mortal peril if it doesn’t install solar panels, but he also seems okay with government making it harder to install solar panels, does that mean he wants you to die too?

Worth a thought, especially for those apparently few investors who are still onboard for Tesla’s mission, rather than just holding onto base hopes that the company might benefit from some unspecified corruption.

Although, given the policies we’ve seen, which will directly harm Tesla’s business, maybe even that latter group might reconsider how the corruption is working out for them.


If you’d like to install home solar from a company that *isn’t* working actively to harm solar adoption in the US,  it’s always a good idea to get quotes from a few installers. To make sure you find a trusted, reliable solar installer near you that offers competitive pricing, check out EnergySage, a free service that makes it easy for you to go solar. It has hundreds of pre-vetted solar installers competing for your business, ensuring you get high-quality solutions and save 20-30% compared to going it alone. Plus, it’s free to use, and you won’t get sales calls until you select an installer and share your phone number with them. 

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UK backtracks on plans to double the power of electric bikes

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UK backtracks on plans to double the power of electric bikes

If it sounded too good to be true, that’s because it was. A proposal made last year to double the allowable power limit of electric bicycles in the UK was canceled after pushback on the plan.

Current laws in the UK are similar to those throughout most of Europe, limiting electric bicycles to 250 watts (1/3 hp) and 25 km/h (15.5 mph) of top speed.

A proposal put forth by the Conservatives would have seen that power limit doubled to 500W in the UK, and potentially also allowed for the use of a hand throttle, according to Bike Radar.

After the Department for Transport began a public consultation to assess public opinion, it became clear that while the general public had mixed feelings, most bicycling organizations were largely in favor of keeping the existing regulations unchanged.

“While the difference between the overall number of respondents being in favour and those not in favour was relatively small, this was not the case with main stakeholder organisations, with the vast majority opposing the proposals,” the Department for Transport explained. 

While European electric bicycle laws are relatively strict, limiting electric bicycle motors to less power than a healthy adult can generate with their own legs, North American e-bike laws are generally less restrictive.

In Canada, electric bicycles can support up to 500W of power and feature hand throttles that allow the e-bikes to be powered even without pedaling. In the US, the vast majority of states have adopted the three-class system, which allows all electric bicycles to support motors of up to 750W of power, or three times the European limit. Hand throttles are also allowed on some electric bikes, but the specifics can vary from state to state. The subject of speed, as well as hand throttles on e-bikes, has become a contentious subject in the US with increased regulatory activity.

In much of Europe, bicycles and e-bikes are seen as more integrated members of the larger public transportation system. In North America, cities are much more car-centric and often even hostile to cyclists.

While not all European cyclists enjoy the utopia of Amsterdam’s bicycle-friendly streets, most European cities are more likely to feature better-developed cycling infrastructure that lets cyclists safely travel at slower speeds. Conversely, many American riders feel that higher speeds and motor power levels are essential for their safety when sharing the roads with cars, as higher performance allows riders to better pace existing vehicle traffic.

Regulations don’t just dictate how powerful an e-bike can be, but rather they can also shape how e-bikes are used in daily life. In Europe, where most e-bikes are capped at 250W and 25 km/h (15 mph), more emphasis is placed on pedal-assisted cycling, encouraging active riding while offering a boost for longer trips.

Many cities in Europe have extensive bike lane networks that accommodate e-bikes alongside traditional bicycles, reinforcing the idea that e-bikes are simply a modernized version of cycling rather than a separate vehicle class.

In North America, where 750W e-bikes are common and Class 3 e-bikes can reach 28 mph (45 km/h), the riding experience can sometimes be closer to that of a moped. While many riders enjoy this broader freedom, it has caused friction in many cities who seek to rein in higher performance electric bikes.

At the same time, higher power limits and throttle-assist features can make e-bikes more attractive for recreational riders, commuters, and even delivery workers, especially in cities where bike lanes are scarce. This has contributed to a wider diversity of e-bike styles in North America, from fat-tire adventure bikes to powerful cargo e-bikes capable of carrying heavier loads.

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Polestar unveils a new collection of ‘Arctic Circle’ EVs that will be shown off at an ice race [Video]

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Polestar unveils a new collection of 'Arctic Circle' EVs that will be shown off at an ice race [Video]

Polestar has unveiled a new collection of one-off “Arctic Circle” EVs designed to showcase the brand’s performance DNA. The rally-inspired upgrades have now been applied to the Polestar 2, 3, and 4 EVs and were put through their paces in the frigid Arctic before they make their public debut at an ice race in Austria. See more in Polestar’s video below.

Although Polestar is technically a Chinese brand since it is majority-owned by Geely Holding, its roots and design are still very Swedish. The premium EV brand is just now starting to gain some clout with consumers as its lineup of available vehicles has expanded to three models: the Polestar 2 sedan, 3 SUV, and 4 crossover.

Aside from several additional models in its pipeline, Polestar has developed several performance variants of its models. Well, actually, up until now, there has been just one model, the Polestar 2. Nevertheless, we’ve seen two high-performance BST Editions as well as a unique “Arctic Circle” Polestar 2 that made its debut in February 2022.

Three years later, Polestar’s lineup has grown by two, and the automaker has returned to the chilly tundra of the Arctic Circle with unique one-off variants designed to kick up some snow and drift across the ice. Today, Polestar shared images and a video of the new Arctic Circle collection before the three unique EVs perform some hot laps on the ice of Austria this weekend.

  • Polestar Arctic
  • Polestar Arctic

Polestar shows off its tuning prowess in the Arctic Circle

According to news shared by Polestar this morning, the previously mentioned one-of-a-kind Polestar 2 Arctic Circle is now part of a trio of ice-ready EVs alongside its Polestar 3 and 4 siblings. The new Arctic Circle collection is a design exercise in rally-inspired EVs that showcase Polestar’s performance prowess. Company CEO Michael Lohscheller elaborated:

The Arctic Circle collection illustrates our unique performance DNA, rooted in motorsport and combined with Scandinavian design. We develop our cars under challenging conditions within the Arctic Circle in Sweden, and at the FAT Ice Race we will showcase that on ice there is nothing better than a Polestar. We are really excited to be part of this special event with our full model line-up, where it’s all about car culture and the performance experience.

Following today’s online debut of the new Arctic Circle EVs, Polestar said the three one-off models will make their public debut during the 2025 FAT Ice Race in Zell am See, Austria, on February 1. We asked the Polestar team if the Arctic Circle EVs would be competing, but they unfortunately will not.

However, Polestar told us the Arctic Circle EVs will be out on the ice track for some hot laps in front of the race attendees, operated by professional drivers and Polestar engineers, including Polestar’s Head of Driving Dynamics Joakim Rydholm and multiple STCC and WTCC champion Thed Björk.

The vehicles were built at one of Polestar’s Swedish R&D facilities and feature raised ride heights with custom 3-way adjustable Öhlins dampers, specialized Pirelli studded tires, and OZ racing wheels. The Polestar 2, 3, and 4 Arctic Circle EVs also showcase new Quad Evo front spotlights from Stedi, bucket seats from Recaro, and a slew of exterior winter accessories like skis, roof racks, storage containers, and recovery equipment.

Per Polestar, here’s how each of the Arctic Circle EVs break down in terms of specs and accesories:

Polestar 2 Arctic Circle Polestar 3 Arctic Circle Polestar 4 Arctic Circle
MY21 Long Range Dual
Motor with Performance Pack
and software upgrade
469 hp / 502 lb-ft (350 kW)
MY24 Long Range Dual
Motor with Performance Pack
517 hp / 671 lb-ft (380 kW)
MY24 Long Range Dual
Motor with Performance Pack
544 hp / 506 lb-ft (400 kW)
Custom Öhlins 3-way
adjustable dampers (2-way
compression, 1-way rebound)
with external gas reservoirs
Custom Öhlins 3-way
adjustable dampers (2-way
compression, 1-way rebound)
with external gas reservoirs
Custom Öhlins 3-way
adjustable dampers (2-way
compression, 1-way rebound)
with external gas reservoirs
+1.2-inch ride height +1.6-inch ride height +0.8-inch ride height
Front and rear strut braces Front strut brace Front strut brace
Specialized 19” Pirelli
Scorpion All-Terrain Plus with
250 4-mm studs (245/45R19)
(for ice track driving)
Specialized 20” Pirelli Scorpion
All-Terrain Plus with 300 4-mm
studs (295/40R20) for ice track
driving
Specialized 20” Pirelli Scorpion
All Terrain Plus with 300 4-mm
studs (295/40R20) for ice track
driving
Pirelli P Zero Winter
(245/45R19) (for road driving)
Pirelli Scorpion Winter 2
(255/50R20 front, 285/45R20
rear) (for road driving)
Pirelli Scorpion Winter 2
(255/50R20) (for road driving)
OZ Racing Rally Racing
wheels (19”)
OZ Racing Rally Legend
wheels (20”) (world premiere)
OZ Racing Rally Legend
wheels (20”) (world premiere)
Recaro Pole Position bucket
seats
Recaro Pole Position bucket
seats
Recaro Pole Position bucket
seats
Paddle-operated launch control  Stedi ST4K roof light bar  Drift-inspired hydraulic hand
brake
Stedi Quad Pro LED front
spotlights
Stedi Quad Pro LED front
spotlights
Stedi Quad Pro LED front
spotlights
Rally-inspired mud flaps 
and Swedish gold tow hooks
Rally-inspired mud flaps 
and Swedish gold tow hooks
Rally-inspired mud flaps 
and Swedish gold tow hooks
Thule WingBar Edge roof rails
and SnowPack ski mounts
Thule WingBar Edge roof rails
and custom roof basket
Specialized ski mounts
Blackcrows all-terrain skis  Fiskars SnowXpert shovel,
Peli 1650EU Protector Case,
and snow ladders
Blackcrows all-terrain skis 

If you happen to be in Zell am See, Austria, this weekend, bundle up and check out some ice races and hot laps from Polestar. If you’d rather stay where you are and remain nice and warm, you can enjoy winter driving footage in the Arctic Circle from Polestar below:

https://plstr.car/arctic-circle-documentary

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Oil giant Shell raises dividend despite full-year profit miss

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Oil giant Shell raises dividend despite full-year profit miss

A Shell logo is displayed on May 03, 2024 in Austin, Texas.

Brandon Bell | Getty Images News | Getty Images

British oil giant Shell on Thursday reported a significant drop in annual profit, citing higher exploration write-offs, lower trading margins and weaker crude prices over the final three months of the year.

Shell posted adjusted earnings of $23.72 billion for the full-year 2024, compared to annual profit of $28.25 billion a year earlier.

Analysts had expected Shell’s full-year 2024 net profit to come in at $24.71 billion, according to an LSEG-compiled consensus. A separate forecast from analysts polled by Vara Research expected full-year profit to come in at $24.11 billion.

The energy major posted weaker-than-anticipated adjusted earnings of $3.66 billion for the final quarter of 2024.

Shell announced a 4% increase in dividend per share and launched another share buyback program of $3.5 billion, which is expected to be completed over the next three months.

Speaking to CNBC’s “Squawk Box Europe” on Thursday, Shell CEO Wael Sawan described 2024 as a “very strong year,” one which gave the company a platform “to do everything we said we were going to do.”  

Asked whether it was time for Shell to move its listing from London to New York to close the valuation gap on its U.S. peers, Sawan said the firm was “always reviewing headquarter listings and the like.”

However, “there is no live discussion at the moment on this in Shell because our number one priority is to make sure that we unlock the full potential of this company,” Sawan noted.

The world’s top oil and gas companies have seen profits fall from record levels in 2022, when Russia’s full-scale invasion of Ukraine prompted international benchmark Brent crude to jump to nearly $140 a barrel.

Oil prices have since cooled amid faltering global demand, with Brent crude futures averaging $80 a barrel in 2024. That was about $2 a barrel less than the previous year, according to the U.S. Energy Information Administration.

In a trading update on Jan. 8, Shell trimmed its liquefied natural gas (LNG) production outlook for the final three months of 2024 and warned that trading results for its chemicals and oil products division were expected to be “significantly lower” on a quarterly basis.

Shares of the London-listed company traded 0.7% higher at 8:10 a.m. London time.

‘First sprint’

Shell’s full-year results come as the company enters the final stretch of its so-called “first sprint.” The strategy, which was launched in 2023 and runs to the end of this year, aims to close the valuation gap with U.S. peers by boosting the major’s profitability.

Shell CEO Wael Sawan has prioritized the firm’s more profitable oil and gas operations as part of this shift, while cutting spending on areas such as offshore wind and hydrogen and withdrawing from power markets in Europe and China.

Like other oil and gas majors, Shell has watered down climate targets and green investments in recent years. The company, however, has said it remains committed to becoming a net-zero energy business by 2050.

U.S oil giants Exxon Mobil and Chevron are both scheduled to report earnings on Friday, while European peers TotalEnergies and BP are set to follow suit on Feb. 5 and Feb. 11, respectively.

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