With revenue tumbling almost as fast as market share, Tesla stock is taking a pounding – exactly like CEO Elon Musk predicted! We’ve also got FSD rolling out in China, a German automation acquisition, and more on today’s red candlestick edition of Quick Charge!
We’ve also got some clarifying news at Mercedes-Benz, which is set to ditch its confusing EQ-based model alphanumerics and (God willing) their suppository-based styling language, too. Plus, Rivian launches a new upfit service to make it easier for fleet managers to order ready-to-work EVs, Ram ProMaster EV lives up to its promises with more options and a lower price tag, and a big solar deal goes down.
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Hyundai took its smaller electric SUV and injected it with fun upgrades. Meet the Insteroid EV — Hyundai’s “Dream Car.” The concept car has sporty design elements like an added wing spoiler, a widened stance, and more. Like the IONIQ 5 N, it will make you feel like you’re in a real sports car. It even has an added Drift Mode.
Meet Hyundai’s Dream Car, the Insteroid EV concept
We knew Hyundai was up to something after a trademark filing for the name “Insteroid” was discovered with the European Intellectual Property Office last month.
During a private “Night Garage Party” in Seoul on Tuesday, Hyundai officially took the sheets off the Insteroid, giving media and other attendees the first look at its “Dream Car” concept.
Hyundai’s concept car was “crafted in secrecy” by its European design team. The name Insteroid combines “Inster” and “Steroid” for its muscular design. More than just a car, the Insteroid “represents a modern take on the idea of a dream car,” according to Hyundai Motor Europe’s chief designer, Eduardo Ramírez.
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The Insteroid gives Hyundai’s smaller electric SUV some soul with massive flared wheel arches, side skirts, a rear spoiler, and much more.
On the inside, the cockpit is stripped down with sporty bucket seats and a roll cage. The exclusive instrument display creates “an immersive driving experience.” True to the motto “Built it, play it, break it, repeat,” every element in the Insteroid EV is fully adjustable.
Hyundai’s dream car is not just about looks. It’s also about how it sounds and how it makes you feel. Like the IONIQ 5 N, Hyundai’s Insteroid EV features a unique sound signature and added “Drift Mode.”
The company said the concept car is “another step in the hot-selling production model’s journey. ” Hyundai will showcase the concept car at the Seoul Mobility Show starting April 3. It will also make an appearance at major auto events in Europe and Korea. But will we ever see it come to life?
Hyundai unveils the Insteroid EV
Hyundai already launched the “Inster EV Cross,” an outdoor-ready trim starting at £28,745 ($35,000) in the UK. The Insteroid could preview a bigger Inster EV, but nothing is official. In the meantime, Hyundai will launch the Inster EV in new markets this year, including Central and South America, Asia-Pacific, and the Middle East.
What do you think? Should Hyundai launch a production version of the funky electric car? Drop us a comment below and let us know your thoughts.
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Tesla’s European problems are not over. Some countries have already reported their March delivery numbers,, and despite the new Model Y, Tesla’s electric car sales decline is deepening in some European countries.
In the first two months of 2025, Tesla had a terrible performance in Europe.
In March, Tesla started to deliver the updated Model Y, which many hope will help Tesla turn things around.
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The early data from countries that already reported their March numbers is not looking good:
France reports 3,159 Tesla deliveries in March – down 37% from March 2024 and down 41% in Q1
Netherlands reports 1,536 Tesla deliveries in March – down 61% from March 2024 and down 50% in Q1
Sweden reports 911 Tesla deliveries in March – down 64% from March 2024 and down 55% in Q1
Austra reports 815 Tesla deliveries in March – down 34% from March 2024 and down 48% in Q1
Portugal reports 1,209 Tesla deliveries in March – up 2% from March 2024 and down 26% in Q1
Norway reports 2,211 Tesla deliveries in March – down 1% from March 2024 and down 25% in Q1
While Tesla started deliveries of the new Model Y and benefited from a few weeks of orders in March, it hasn’t delivered the new RWD version of the updated Model Y, which should help sales to a certain degree.
There’s no doubt that brand damage is having an effect on Tesla in Europe, it is just difficult to gauge because of the Model Y changeover effect on top of it.
Tesla shareholders like to downplay the brand damage, but they often forget that the Model Y changeover is not all bad for Tesla’s deliveries in Q1. Tesla had a significant inventory of the old Model Y, which it heavily discounted, and the new Model Y deliveries in March benefited from a few weeks of taking orders since January.
Q2 should give us a better idea, but even then, RWD deliveries are expected to start halfway through the quarter. Q3 should give us the best idea of Tesla’s situation in Europe, but that’s quite far away.
In the meantime, some numbers still need to come from Europe, but it looks like Tesla’s sales will be down about 40% in Q1 compared to 2024, which was already a down year for Tesla in Europe.
I expect more than half of that to be due to brand issues, and the rest is due to the Model Y changeover.
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In what is unlikely to become a new trend but really should anyway, Ampler Bikes has just unveiled the world’s first production electric bicycles that feature recharging via USB-C, allowing riders to share the same charger they already use for their laptop computers.
The Estonian-based electric bicycle company Ampler, which shares its high-tech lineage with the connected mobility company Comodule and the equally tech-forward Äike electric scooter company, announced the new Nova and Nova Pro e-bikes this morning.
In a world increasingly defined by convenience and connectivity, Ampler has taken a bold step into the future of urban mobility, hopefully dragging the rest of the industry with it, even if they must come kicking and screaming. Ampler has been known for its minimalist designs and hand-built craftsmanship, despite those simple designs hiding away impressive technology inside. Now the Nova and Nova Pro are building even further upon that legacy with the introduction of USB-C recharging.
Yes, you read that right: USB-C. The same connector you use to charge your laptop or smartphone can now power your electric bike. It’s a move that could set a new standard in the e-bike industry—and one that also happens to be perfectly timed with the EU’s upcoming 2026 directive mandating USB-C charging across electronic devices. However, it is unclear how many e-bike makers would actually adopt the charging protocol.
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While the Nova and Nova Pro maintain Ampler’s signature understated style and lightweight builds, they come loaded with thoughtful upgrades aimed squarely at modern riders. The headline feature, of course, is the embedded USB-C charging port, which allows you to charge the bike with a standard 140W laptop charger. A quick 2.5-hour top-up is enough for most daily rides, and a full charge takes about 3.5 hours.
Even more impressively, the charging system works both ways. Not only can you power the bike with USB-C, but the bike itself can charge smaller devices like your phone—essentially turning the Nova into a mobile power bank on wheels.
The shift away from bulky, proprietary chargers is a welcome one, especially for city dwellers, commuters, and anyone who’s ever had to haul an awkward brick-shaped charger across town. It’s also a win for sustainability. According to Ampler, an estimated 11,000 tons of e-waste are generated each year from unused or discarded chargers. USB-C helps cut that down by embracing a universal standard that riders already carry in their bags.
As for the bikes themselves, the Nova and Nova Pro share Ampler’s clean, commuter-friendly design language but cater to slightly different riders.
The base model Nova is built for urban cruising, with wide 27.5” tires and a 9-speed MicroSHIFT drivetrain. It’s designed for comfort, stability, and simplicity—ideal for those dipping their toes into the e-bike world or just looking for a no-fuss daily rider.
Meanwhile, the Nova Pro is the more performance-oriented sibling, featuring 28” sportier wheels, and a choice between a low-maintenance Gates Carbon belt drivetrain or a 10-speed Shimano Deore drivetrain. The Nova Pro is said to be aimed at riders who want to go farther and faster, whether on longer commutes or weekend adventures.
Both models come in high-step and low-step frame options, with a range of sizes to accommodate different rider heights and preferences. The frames are designed to be modular and customizable, with compatibility for everything from racks and fenders to child seats and trailers.
Ampler also put a strong emphasis on serviceability. The bikes use standard components from well-known brands like Shimano, MicroSHIFT, Gates, Panaracer, and Selle Italia—making them easy to repair at virtually any bike shop across Europe or by owners with a bit of wrench-turning experience.
Production takes place in Ampler’s own Tallinn, Estonia-based factory, which runs entirely on renewable energy. That local, low-impact manufacturing approach further underlines the company’s long-standing commitment to sustainability.
The Nova lineup is also part of a broader shift at Ampler toward inclusivity. Newly appointed CEO Eva Raigo is putting women riders and families at the center of the brand’s 2025 vision, noting, “E-bikes need to reflect the diversity of their riders, and it’s time we see more women not only riding but also designing these bikes.”
Other notable features include GPS tracking and ride analytics through the Ampler app, smart ride settings, a weatherproof frame and screen, and compatibility with leasing programs like JobRad. Pricing starts at €2,990 for the Nova and €3,490 for the Nova Pro, with orders opening on April 1 and deliveries beginning in June 2025.
Electrek’s Take
Freakin’ FINALLY! I’ve literally been calling for this for years. I’ve actually begged e-bike companies to do this. No one would listen. We had to go all the way to Estonia to finally find a company brave enough to buck the easy route of choosing a battery and charger from some Chinese company’s catalog and instead develop their own alternative that can include the most accessible, standardized form of charging on the planet for consumer electronics.
Whether you buy one or not, we ALL owe Ampler a debt of gratitude for showing the industry that this is possible.
Now let’s get to the bikes. Universal charging, sleek design, easy maintenance, and inclusive appeal all wrapped into a stylish, made-in-Europe package. Sure thing, sign me up! The North American market may not be impressed with the specs, but for Europeans, these bikes have a lot going for them! If I can get one here in Tel Aviv, I’d ride the hell out of it.
And the prices are even quite reasonable for a made-in-Europe e-bike, especially one with features like GPS tracking and USB-C charging. I’ve actually visited Ampler’s factory in Estonia before and I’ve seen the dedication they put into building their e-bikes. If I lived in Europe, I’d throw down a few grand on one of these easily.
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