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One of the very first Tesla Cybertruck independent range tests shows the electric pickup truck covering only 254 miles on the highway.

That’s significantly less than the 320 EPA range, but it was cold and highway driving only.

One of the things most disappointing about the Cybertruck since its production launch is the range.

The electric pickup truck is only achieving the range originally promised at the launch back in 2019 with a new “range extender” battery system that sits in the bed of the truck.

At $16,000, it adds to the already higher price of the Cybertruck, on top of taking space in the bed and not even being available right now.

In the meantime, a Cybertruck Dual Motor will get you about 320 miles of EPA estimated range on the included tires.

But that’s the EPA range, and we know that a vehicle’s range is affected by a myriad of factors. We are going to need a bunch of independent testing to get a better idea of the electric pickup truck’s range.

Out of Specs got a Tesla Cybertruck this week and drove it on a highway range test at 70 mph (113 km/h) from a full charge to a completely depleted battery.

They livestreamed the whole thing:

The truck managed to travel 254 miles (409 km) before the 123 kWh battery pack was completely depleted.

That’s significantly below the EPA range, but it was mostly all highway driving and the test was performed at a temperature of 46 F (8 C).

Electrek’s Take

That’s not great. I would have expected closer to 270 miles at that temperature.

Now, I am really worried about how the Cybertruck would perform at a temperature below freezing, like we have now in Quebec, and when towing any kind of significant load.

To me, it looks like Cybertruck would be somewhat limited in its capacity to be used as a work truck without the extended range pack, which itself also reduces the bed – a very useful part of a work truck.

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Wheel-E Podcast: NIU electric moped visit, X Games says e-motos too good, more

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Wheel-E Podcast: NIU electric moped visit, X Games says e-motos too good, more

This week on Electrek’s Wheel-E podcast, we discuss the most popular news stories from the world of electric bikes and other nontraditional electric vehicles. This time, that includes a visit to electric moped maker NIU’s factory, Tern’s new GSD e-bike, Rad Power Bikes getting a new CEO, a Segway scooter recall, X Games kicking out electric motorcycles, and more.

The Wheel-E podcast returns every two weeks on Electrek’s YouTube channel, Facebook, Linkedin, and Twitter.

As a reminder, we’ll have an accompanying post, like this one, on the site with an embedded link to the live stream. Head to the YouTube channel to get your questions and comments in.

After the show ends, the video will be archived on YouTube and the audio on all your favorite podcast apps:
Apple Podcasts

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Overcast

Pocket Casts

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RSS

We also have a Patreon if you want to help us to avoid more ads and invest more in our content. We have some awesome gifts for our Patreons and more coming.

Here are a few of the articles that we will discuss during the Wheel-E podcast today:

Here’s the live stream for today’s episode starting at 8:00 a.m. ET (or the video after 9:00 a.m. ET):

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Get this $20,000 Tesla conquest deal on Polestar 3 (before the tariffs hit)

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Get this ,000 Tesla conquest deal on Polestar 3 (before the tariffs hit)

The Trump Administration just slapped huge tariffs on imported cars, causing many car buyers to accelerate their purchase plans and snap up a new car now, rather than wait. If that’s you, and you’re one of the thousands looking to distance yourself from Tesla, the time is now to check out this $20,000 Tesla conquest deal from Polestar.

It might seem hard to believe now, but once upon a time there were a bunch of otherwise sane, intelligent people who believed that there was “infinite demand” for Tesla’s cars. That’s not true anymore – it’s an objective fact that the two million reservations for Tesla Cybertruck haven’t turned into sales, and the rest of the brand’s cars are losing value three times faster than the rest of the new car market, making them tough to sell or trade in.

That’s where incentives come in – and, while a number of car brands are offering several thousands of dollars to EV buyers looking to make the switch, this $20,000 Tesla conquest deal from Polestar might be the one that’s most aggressively targeting Tesla buyers.

From the Polestar website:

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Calling all Tesla owners. Enjoy up to $20,000 towards the lease of a new Polestar 3 when you combine the $5,000 Polestar Conquest Bonus and the $15,000 Polestar Clean Vehicle Incentive.

Polestar 3 is the SUV that drives like a sports car. Featuring range up to 350 miles, 517 hp, 0-60 mph in 4.5 seconds, and built-in technologies like Google Assistant and Apple CarPlay.

POLESTAR US

Polestar hasn’t been shy about what it views as an “opportunity” to snatch up car buyers who want to distance themselves from Musk. The company’s CEO, German auto industry stalwart Michael Lohscheller, told Bloomberg, “For Germany, somebody outside of Germany endorsing right-wing political parties is a big thing. You want to know what I think about it? I think it’s totally unacceptable. Totally unacceptable. You just don’t do that. This is pure arrogance, and these things will not work.”

He’s hoping enough people agree to move the needle on Polestar sales in the US – and the first step to that is for consumers to get behind the wheel of this “masterfully tuned and sneaky-fast SUV,” and see if it’s a fit for them.

Electrek’s Take

I spent half the day in a local Volvo dealership I’ve had a great relationship with for years. I know those guys well. They typically average about 2-3 units per day.

Yesterday? I arrived around 1:30PM with a sack of spicy chicken sandwiches (if you want good customer service, be a good customer), and they’d already moved a half dozen units by the time I got there. They were looking at another dozen fresh leads from panicked city-dwellers looking to come in and make a deal over the weekend.

It’s about to get weird out there, kids. You could do far worse than trying to navigate said weirdness in a new Polestar.

SOURCE | IMAGES: Polestar.

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Activist investor Elliott takes short position in Shell after building a stake in rival BP

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Activist investor Elliott takes short position in Shell after building a stake in rival BP

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

Brandon Bell | Getty Images News | Getty Images

U.S. activist investor Elliott Investment Management has taken a short position against British oil major Shell as part of a global hedging program.

The move, which was first reported by British newspaper The Times on Thursday, comes shortly after it emerged Paul Singer’s hedge fund had taken a near 5% stake in Shell’s struggling rival, BP.

Elliott is said to have amassed an £850 million ($1.1 billion) bet against Shell, The Times reported, citing filings with the Financial Conduct Authority.

The position is reportedly worth 0.5% of Shell’s stock and is thought to represent the biggest short position disclosed against the energy major in nearly a decade. A short position refers to a bet that a company’s stock will fall in value.

Elliott and Shell both declined to comment when contacted by CNBC on Friday.

Shares of Shell traded 0.5% lower at around 11 a.m. London time (7 a.m. E.T.) on Friday. The London-listed stock is up around 13.6% year-to-date.

Earlier this month, it was reported that Elliott had taken a short position of around 670 million euros ($722 million) in French oil giant TotalEnergies. A spokesperson for TotalEnergies did not immediately respond to a request for comment on Friday.

“When a hedge fund creates a long position — leveraged or not, because often they use leverage with these positions — they need for risk management purposes to create an opposite position, i.e. a short, into a similar company,” Maurizio Carulli, energy and materials analyst at Quilter Cheviot, said on Friday.

“The most likely reason for that is because it is an offsetting position with respect to the BP one, so both Total and Shell has been created as a short for risk management,” Carulli told CNBC via video call.

“Otherwise, if for any reason the market moves against them — for example, things like oil prices or whatever — they need to have some protection,” he added.

Elliott’s moves come as European energy majors double down on fossil fuels in an effort to boost near-term shareholder returns.

Shell recently announced plans to increase shareholder returns and cut spending as it reinforces its liquified natural gas (LNG) push. BP and Norway’s Equinor, meanwhile, have also outlined respective plans to slash renewable spending in favor of oil and gas.

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