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Chevron CEO Mike Wirth: No signs that we're in or close to a recession at this point

Chevron is not seeing signs that the U.S. is close to a recession even as President Donald Trump’s tariffs weigh on expectations for oil demand, CEO Mike Wirth said Tuesday.

“There’s no signs that we see at this point that we are in or close to a recession,” Wirth told CNBC’s “Squawk Box.” “There are signs that growth may be slowing and we have to always be prepared for that.”

The International Monetary Fund on Monday cut its growth outlook for the U.S. this year to 1.8%, down from 2.7% previously.

The oil market is expecting reduced demand as a consequence of Trump’s tariffs and the decision by OPEC+ increase production faster than expected, Wirth said. Chevron isn’t changing its capital spending plans in response to drop in prices, the CEO said.

U.S. crude oil prices have fallen about 11% since Trump announced his tariffs on April 2. West Texas Intermediate was last up about 72 cents at $63.80 per barrel. OPEC and the International Energy Agency have cut their demand outlooks for this year.

Wirth said U.S. onshore oil production in patches like the Permian Basin is likely to pull back if prices hit $60 per barrel. Offshore production likely won’t be affected, he said.

“That’s an area where if we were to be at a $60 price or even lower you’re likely to see activity pull back in this sector and you’ll see the production response over a few months,” Wirth said. “That’s what we should watch, not so much the deep water activity.”

Chevron is not expecting a major direct impact on its business from Trump’s tariffs as energy has largely been exempt from the levies, Wirth said.

“The effects that we feel are likely to be more the macroeconomic effects as they flow through the economy,” Wirth said. “The bigger issues would be what would it mean for growth, and global trade and how does that evolve.”

Executives at oil and gas companies were scathing in their criticism of Trump’s tariffs in an anonymous March survey by the Federal Reserve Bank of Dallas, warning that steel tariffs were raising their costs and low prices could impact their activity.

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Bluetti’s new Apex 300 station + bundles get up to $2,377 in exclusive savings, Lectric Endless Summer e-bike Sale, Aiper, more

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3 hours ago

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September 11, 2025

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We have exclusive discounts leading today’s Green Deals, with up to $2,377 savings available for our readers on Bluetti’s new Apex 300 Portable Power Station and its bundles starting from $1,529. We also have Lectric’s Endless Summer Sale that is taking up to $720 off its e-bike bundles, like the largest package to date on the brand’s XPress 750 Long-Range Commuter e-bikes that are getting $424 in FREE gear at $1,299, among all the other models. From there, we’ve got Aiper’s latest IrriSense Smart Sprinkler Irrigation System back at a second-ever $500 low, as well as a new low price on a Greenworks commercial-grade chainsaw, a compact Solo Stove fire pit, and two one-day only tool deals waiting for you below. Plus, there are all the hangover deals collected at the bottom of the page, like yesterday’s Anker SOLIX Fan Fest Sale – now with bonus 5% savings – and more.

Head below for other New Green Deals we’ve found today and, of course, Electrek’s best EV buying and leasing deals. Also, check out the new Electrek Tesla Shop for the best deals on Tesla accessories.

Save up to an exclusive $2,377 on Bluetti’s new expansive Apex 300 power station and bundles starting from $1,529

Bluetti is having an Anniversary Power Week Sale that is taking up to 53% off power stations, but it’s getting all the better for our readers who want to score the brand’s new Apex 300 power station or its bundles thanks to exclusive codes we’ve been provided. Things start with Bluetti’s base Apex 300 Portable Power Station at $1,529.10 shipped, after using the exclusive code 9TO5TOYS10F at checkout. This all-new backup solution only just hit the market last month with a $2,399 full price, which we saw dropped to $1,599 in launch savings, which dropped lower to $1,439 with exclusive discounts. It’s starting off this sale at $1,699, with the exclusive code providing $870 in total savings to land it at the second-best price we have tracked, if you missed out on the lower launch deals. Head below to learn more about this new model and browse the entire lineup of deals we’re seeing in this sale.

Before I go over the Bluetti Apex 300 station’s capabilities, I wanted to point out the bonus promotions we’re seeing during this sale. For this new model and its bundles below, members will score 3x Bluetti Bucks that can be used later to gain additional discounts and rewards. The entire sale also has some free gifts once your order reaches certain pricing thresholds, with $2,000 to $2,999 orders getting a free K5 Power Bank, $3,000 to $3,999 orders getting a free Handsfree 1 power station, and $4,000+ orders get a free Handsfree 2 power station.

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The new Bluetti Apex 300 power station is a beast of a backup power companion, starting with its 2,764.8Wh LiFePO4 capacity (which is rated for a 17-year lifespan by the brand) that can be expanded with further investments up to a monstrous 58kWh. It provides some serious output power too, starting at up to a steady 3,840W that surges to 7,680W and can expand with your setup to provide up to 11.52kW. What’s more, it has quite the UPS switchover time of 0ms whenever power goes out and you have devices/appliances/more connected.

It boasts a robust array of 13 output ports to cover your device/appliance connection needs, as well as the usual in-app smart controls you’d expect. Not only does it support passthrough charging (with a particular focus on generators), but it comes with a solid lineup of recharging methods for its own battery. You can plug it into a standard AC outlet, which can have it to 80% in 45 minutes with its Turbo mode activated, as well as use your car’s auxiliary port, connect a generator, or reach up to its max 2,400W solar input.

***Note: Make sure to use the exclusive code 9TO5TOYS10F at checkout to score these prices.

Bluetti’s Power Week Apex 300 power station deals:

You can browse the entire Bluetti Anniversary Power Week Sale on its main landing page here.

woman standing next to Lectric XPress 750 commuter e-bike

Lectric’s Endless Summer Sale offers $424 in FREE gear with the 60-mile XPress 750 commuter e-bikes at $1,299, more

Lectric has launched its Endless Summer Sale that is offering up to $720 in savings on its lineup of e-bike bundles, which includes the ongoing $500 price cut on the ONE Premium commuter e-bike. Among the group, we spotted a notably large bundle being given to Lectric’s XPress 750 Long-Range Commuter e-bikes that are getting $424 in FREE gear at $1,299 shipped, in both its step-thru and step-over designs. This package would normally run you $1,723 without the bundle savings, which beats out all the bundles we’ve seen before that only ever amounted up to $410 in gear. Along with the e-bike (which is one of my favorite commuters over the years), you’ll be getting a rear cargo rack, fenders to go over both tires, an Elite headlight upgrade, a suspension seat post, two adjustable rear-view mirrors, and an accordion-style folding bike lock. Head below for more on this e-bike’s capabilities and the other deals we’re seeing while the sale lasts.

If you want to learn more about this e-bikes capabilities, or check out the full lineup of e-bike deals, be sure to check out our full coverage of this sale here.

aiper's irrisense smart irrigation system spraying water across yard with house in background

Aiper’s IrriSense smart irrigation system brings far-reaching, app-controlled functionality to your yard at its $500 low

By way of its official Amazon storefront, Aiper is offering a second chance to pick up its latest IrriSense Smart Sprinkler Irrigation System for $499.99 shipped, after clipping the on-page $200 off coupon, which matches the price we’re seeing directly from the brand’s website. It’s only been on the market since May, with it normally going for $700 outside of discounts, of which things have mostly dropped down to $600, except for the first-time fall to $500 we saw mid-August. Now that low price is coming back for round two, as $200 is cut from the tag for the best price we have tracked.

If you want to learn more about this new device’s capabilities, be sure to check out our original coverage of this sale here.

greenworks 82V 16-inch cordless chainsaw sitting on freshly cut tree trunk

Save $202 on commercial-grade cutting power with Greenworks’ 82V 16-inch cordless chainsaw at a new $198 low

Amazon is now offering the best price yet on the Greenworks 82V Commercial-Grade 16-inch Cordless Chainsaw with a 4.0Ah battery and dual-port rapid charger at $198.11 shipped. This newer model has only been on the market since February and ranges between $300 and $400 on average, with regular periods spent down at the former. While there have been a few discounts under that rate, we’ve recently seen it cascading down in price since late August, with the 50% markdown here cutting $202 off the tag for the best new price we have tracked.

If you want to learn more about this electric chainsaw, be sure to check out our original coverage of this deal here.

two women sit chatting with coffee mugs around solo stove's mesa XL fire pit

Enhance at-home or campsite outdoor gatherings with Solo Stove’s Mesa XL tabletop fire pit at $76

Through its official Amazon storefront, Solo Stove is offering its Mesa XL Tabletop Fire Pit for $76.40 shipped. This compact model usually runs for $120 outside of discounts, which we’ve mostly seen keeping the costs between $80 and $96 throughout the year, save for the one-time drop to the $76 low that popped up for a short period in late August. It’s coming in today within $1 of that low price, with the deal here cutting $44 off the tag for the next-best rate we have tracked.

If you want to learn more about this compact fire pit, be sure to check out our original coverage of this deal here.

man cutting tree branch with worx nitro 20V mini chainsaw

Make up to 160 cuts with Worx’s Nitro 20V 5-inch mini chainsaw at its $100 annual low (Today only)

As part of its Deals of the Day, Best Buy is offering the Worx Nitro 20V 5-inch Cordless Mini Chainsaw at $99.99 shipped, which beats out the current Amazon pricing by $48. This handy tool would normally run you $150 at full price, which we’ve mostly seen dropping to $109, with occasional dips lower to $100 and the $99 low. While we haven’t seen that low price again since Christmas sales, you’re looking at the next-best rate here for the rest of the day only, cutting $50 off the tag to land $1 above that low.

If you want to learn more about this mini chainsaw, be sure to check out our original coverage of this one-day-only deal here.

man cleaning edges of driveway with greenworks 80V 17-inch string trimmer

For the rest of the day snag Greenworks’ 80V 17-inch cordless string trimmer at $180

As part of its Deals of the Day, Best Buy is offering the Greenworks 80V 17-inch Cordless String Trimmer with 2.0Ah battery at $179.99 shipped, which you’ll only find in a renewed condition directly from the brand’s website right now, matching the price of this brand-new model, while it’s unavailable on Amazon. It normally goes for $250 at full price, which has mostly been taken down to this same rate, save for the one-time fall to its $171 low we spotted at the top of August. You’re getting the next-best price here for the rest of the day though, which saves you $70 and lands just $9 higher than its lowest tracked rate.

If you want to learn more about this string trimmer, be sure to check out our original coverage of this one-day-only deal here.

Best Summer EV deals!

Best new Green Deals landing this week

The savings this week are also continuing to a collection of other markdowns. To the same tune as the offers above, these all help you take a more energy-conscious approach to your routine. Winter means you can lock in even better off-season price cuts on electric tools for the lawn while saving on EVs and tons of other gear.


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BYD insists its rapid EV growth can’t be stopped, even without electric car grants

Published

4 hours ago

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September 11, 2025

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BYD insists its rapid EV growth can't be stopped, even without electric car grants

BYD-EV-growth

The global EV leader is unleashing new electric cars in the industry’s fastest-growing car segments. Despite being excluded from the UK’s new Electric Car Grant, BYD believes it’s still poised to see strong EV sales growth in the region.

BYD expects EV sales growth in Europe and the UK

The UK’s new Electric Car Grant (ECG) offers buyers a discount of up to £3,750 ($5,000) off the price of a new EV.

New electric vehicles are eligible for a grant of £3,750 ($5,000) or £1,500 ($2,000), depending on how sustainable the manufacturing process is.

Since the program takes into account the energy used to produce the vehicle, Chinese automakers, including BYD, have been excluded from the savings. Despite this, the global EV leader believes it’s still poised to see higher demand in the region.

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BYD’s executive vice president, Stella Li, told Autocar that being excluded from the grant won’t slow its rapid EV sales growth in the UK. Instead, Li insisted that the UK’s new electric car grant was “not fair to consumers” as it left Chinese brands out.

BYD-EV-growth
The BYD Dolphin Surf EV (Source: BYD)

In response, BYD introduced its own savings initiative to “reward drivers choosing to go electric.” The company is offering five years of free maintenance on new EV purchases, including the Dolphin Surf, Dolphin, and Atto 3. Approved used BYD vehicles are also eligible.

BYD also increased its battery warranty to eight years and 200,000 km (155,342 miles) across its entire lineup of electric and hybrid (DM-i) vehicles. The warranty includes those who have already purchased a car.

BYD-EV-growth
BYD “Xi’an” car carrier loading Dolphin Surf EVs for Europe (Source: BYD)

“We understand that customers are looking for more than just savings upfront – they want lasting value and assurance, Steve Beattie, BYD UK’s sales boss, said. Beattie added, “While we may not currently be part of the Electric Car Grant, we didn’t want to wait to show our commitment.”

With a series of new electric vehicles rolling out, BYD will cover nearly all segments, including entry-level, midsize crossover SUVs, luxury, and more.

BYD-EV-growth
The BYD Sealion 7 midsize electric SUV (Source: BYD)

The Dolphin Surf, BYD’s cheapest electric car, starts at just 18,650 GBP ($25,000 in the UK). Even without the grant, it’s still one of the most affordable EVs on the market.

According to Autocar, it’s the fifth cheapest electric car in the country, following the Citroën Ami, Leapmotor T03, Dacia Spring, and Micro Microlino. The Dolphin Surf is more affordable than the Hyundai Inster and Ford Puma-e, even without the savings.

Electrek’s Take

Although the Dolphin Surf is expected to see strong demand, it’s only one model in BYD’s seemingly ever-expanding EV lineup.

BYD also offers the Dolphin and Atto 3, some of its top-selling models globally. Earlier this year, it launched the Sealion 7, a midsize electric SUV set to go head-to-head with the Tesla Model Y and the smaller Atto 2. And then there’s the Seal U DM-i, BYD’s first plug-in hybrid in the UK.

Through the first eight months of 2025, BYD has sold nearly 25,000 vehicles in the UK, a drastic increase from the just over 4,100 cars it sold in the same period last year.

BYD is already outselling major brands like Honda and Mazda, and it’s closing in on Tesla, which has sold 26,951 vehicles in the UK through August.

With several more in the pipeline, BYD is poised to see higher EV sales growth over the next few months/years, with or without government support.


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Tesla owner admits to driving drunk on Full Self-Driving, proving Tesla needs to do more

Published

6 hours ago

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September 11, 2025

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Tesla owner admits to driving drunk on Full Self-Driving, proving Tesla needs to do more

A Tesla owner admitted on video that he drives drunk on Full Self-Driving (FSD) – showing that Tesla doesn’t do enough to prevent abuse of its driver assist system.

29-year-old social media personality Landon Bridges went on comedian Bert Kreischer’s cooking show ‘Something’s Burning’ this week.

During the show, they were drinking, and Bridges admitted to being drunk. While visibly intoxicated, he accepted another drink from Kreischeir and then added:

“You know what’s the biggest game changer for me in 2025? I bought a Tesla, and it has Autopilot.”

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He then looked at Kreischer suggestively – hinting that you can use it when drunk.

Kreischer responded: “Does it work like that?” – suggesting that it is good enough to use while intoxicated – and then said in a drunk voice: “Tesla, take me home.”

The only answer here would be: “No, it’s a driver assistance system and the driver is always responsible for the vehicle and therefore, they can’t be intoxicated to supervise the system.”

Instead, Bridges said:

Yeah. That’s the problem. That’s literally the problem. I’ll go after it. I’ll press the home button (in the navigation system), and as long as you look forward, you are home.

He then suggested that Kreisher, known for his heavy drinking, should consider getting a Tesla with Full Self-Driving.

Here’s the part of the episode where they have the conversation:

Electrek’s Take

This is wild. He openly admits to a potential felony on a YouTube show. The way he is thinking proves that Tesla is not doing enough to communicate to its owners that FSD is not a self-driving system, but rather a driver assistance system that requires the driver’s full attention, meaning sober, at all times.

He says “Autopilot”, but the way he describes the system points to it being “Full Self-Driving (Supervised)” as Autopilot wouldn’t be able to take you through surface streets to take you home.

Tesla has been extremely careless in how it discusses its system publicly.

For example, Tesla recently tweeted that “FSD Supervised gives you back time”:

This suggests that you can do something else while driving, but this is not true based on the automaker’s own warnings and owner’s manual. The driver needs to be paying attention to the vehicle’s driving at all times and be ready to take control.

It is a direct contrast to how Tesla discusses FSD in court after being sued over the numerous accidents involving Autopilot and Full Self-Driving.

In court, Tesla is quick to remind everyone that the driver is always responsible for the vehicle and that, despite its name, Full Self-Driving is only a level 2 driver assistance system, not a level 3-5 automated driving system.

Tesla needs to bring that same energy to its communications with buyers. Otherwise, it contributes to these morons thinking that they can use FSD drunk.

I hope Bridges realizes the carelessness and the danger of his behavior and suggests that others, like Kreischer, should do it.

But it wouldn’t be the first time a Tesla owner would think it OK to use FSD while drunk. We even learned of a crash in 2022 where a Tesla employee decided to use FSD, according to a witness, after day drinking, and his drive ended in a crash, leaving him dead.


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