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Tesla currently finds itself in quite a dilemma: the company’s core business is in free fall, with Elon Musk at the helm.

However, now that Tesla’s stock is firmly in the “meme stock” category, it would likely crash without him pumping it.

Nothing can prove that Tesla is a meme stock that trades on vibes more than the stock going up 20% this week after it reported its worst earnings in years and came in way below expectations.

Tesla’s earnings trends point to a company in a difficult situation:

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Tesla’s vehicle deliveries have been declining since 2024, along with its automotive gross margins, despite a rise in EV sales globally.

Last quarter, Tesla would have lost money if it weren’t for the sale of regulatory credits, despite energy storage sales surging.

Energy storage is Tesla’s only silver lining. Still, the company has warned that it could become problematic since it relies on inexpensive Chinese battery cells, which are now subject to tariffs. Furthermore, the competition is intensifying with companies like CATL and BYD, which supply battery cells to Tesla’s energy storage products, having launched competing products.

With Tesla’s EV sales dropping, in part due to Musk alienating half of Tesla’s customer base, and in part due to his leadership pushing for autonomous driving rather than a more diverse vehicle lineup, the automaker is in clear need of new leadership.

Musk is becoming too political and controversial to be the face of a consumer product company, and he is splitting his time with six different projects, making significant mistakes in the process.

Under Musk, Tesla has launched a single new vehicle in the last 5 years, the Cybertruck, and it has been a total commercial flop. He has been consistently wrong about when Tesla would solve self-driving for the last 10 years. Most CEOs would have been fired by now.

At this point, it is difficult to argue that Tesla’s business would not benefit from new leadership.

However, there is one aspect of Tesla that would not benefit from Musk leaving: Tesla’s stock. It currently trades at an insane 165 price-to-earnings ratio amid declining earnings.

That’s unheard of in the auto industry, and it is also extremely rare in the tech industry, in which Musk attempts to position Tesla to justify such a high P/E even though most of its earnings are still tied to selling cars.

The only reason Tesla is currently able to maintain this is the fact that there are a surprising number of people who believe Musk when he says that Tesla is on the verge of solving “real-world AI”, which refers to self-driving vehicles and humanoid robots.

That’s it.

Tesla’s stock price has basically become an index of how much investors trust Musk’s claims about Tesla’s self-driving and robotic efforts – because no one can argue that it has anything to do with Tesla’s core business and fundamentals since those are in free fall and would justify Tesla trading at about a fifth of its current valuation.

Therefore, the stock price relies on people believing that Musk, who has been consistently wrong about Tesla solving self-driving and never releasing any data to prove otherwise, is right this time about Tesla being on the verge of solving the problem and ahead of the competition.

If Musk leaves, those people would likely take the stock with them, resulting in a potential crash.

Electrek’s Take

That’s quite the conundrum.. for some. For me, you save the business and not the stock. The stock will eventually come down at some point anyway. The business of selling millions of EVs is actually good for the world and employs about 100,000 people.

Musk has been able to keep things going for a long time, to his credit, with the hope that Tesla will eventually catch up to his hype, but it looks like the most likely outcome is that he can only keep things going until other companies start to scale their autonomous driving efforts.

Waymo is already completing 250,000 autonomous rides per week in the US. Musk has been able to make his cult ignore that by claiming that it’s not scalable, even though those weekly rides have more than doubled in the last year.

In China, Baidu, WeRide, PonyAI, and others are already becoming mainstream.

As those efforts become more popular and the number of people who use them regularly reaches the millions, it will become harder for Musk to present Tesla as a leader in autonomy while carrying a decade of missed deadlines.

I think Tesla has a real shot at solving general autonomy, but I believe it will happen closer to 2027-2028, with a new hardware suite. By that time, Tesla will have plenty of established competition, in addition to Waymo, and it will carry the significant liability of having promised self-driving capabilities on millions of HW3-4 vehicles that it cannot deliver.

This is not a great situation, and it’s entirely because of Musk.

However, he has his position at Tesla secured. Even Tesla shareholders who have serious doubts about Tesla’s self-driving efforts don’t want to oust him on the off-chance that he might be right. This points to most of Tesla’s value currently lies in the mystique of Musk being a “super genius.”

You often see it on social media. When someone criticizes Musk or Tesla, instead of providing a counterargument to the criticism, Musk fans will simply attack the messenger and ask: “Who are you to question Musk? How many rockets have you landed?”

This is cult behavior. You can’t question the leader. It’s a perilous situation that rarely has a happy outcome.

Musk is smart, and his companies have achieved incredible things under his leadership, but that doesn’t mean he is a super genius who can’t make mistakes.

He has been wrong many times and has lied on numerous occasions. He has proven himself willing to lie and mislead people for his own benefit. That’s not someone you should put your trust in. People, especially in the US, tends to assign a ton of value to someone who has amassed wealth.

I am not someone who automatically thinks someone is bad because they are a billionaire. However, I also know that if you are somewhat intelligent, connected to wealthy individuals, and have low morals, it is fairly easy to accumulate wealth. I think Musk fits this category with a messiah complex on top of it.

I am curious to know if anyone sees a way out of this conundrum for Tesla at this point. As a fan of Tesla’s original mission to accelerate the advancement of electric transportation, I believe Tesla can still contribute to that goal, but not with Musk at the helm.

Yet, the only people who can kick Musk out are Tesla shareholders, and as described above, they are incentivized not to push him out because it would likely lead to a significant decline in Tesla’s stock price.

What can be done? I’ll hang out in the comments to see if you have ideas.

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Americans don’t want self-driving cars, so Stellantis won’t be making them

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Americans don't want self-driving cars, so Stellantis won't be making them

A recent AAA poll shows that just 13% of Americans trust self-driving cars, leaving 87% either unsure about, or “too afraid” to give up the controls. At the same time, it seems like Stellantis is giving up on its highly-publicized AutoDrive Level 3 ADAS.

Is this the beginning of the end of self-driving hype?

Reuters is reporting that several inside sources have Stellantis shelving its STLA AutoDrive Level 3 ADAS program over of high costs, technological challenges, and – cruciallyongoing concerns about consumer trust in self-driving technology.

A 2025 survey from AAA indicates that more than 60% of American drivers are “afraid” to ride in a self-driving car, while only 13% think the development of self-driving technology should be a priority – but what might be more disturbing for companies that are deeply invested in autonomy is that the public’s attitudes don’t seem to be improving.

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As of February 2025; via AAA.

In fact, the percentage of people afraid of self-driving has actually grown from 2021 to ’25, rising from 54% to 61% over the last few years.

“Most drivers want automakers to focus on advanced safety technology,” explains AAA automotive engineering director Greg Brannon. “Though opinions on fully self-driving cars vary widely, it’s evident that today’s drivers value features that enhance their safety.”

Given that, it’s no wonder Stellantis is backing off – but not giving up. “(STLA AutoDrive) was unveiled in February 2025 was L3 technology for which there is currently limited market demand,” a Stellantis spokesperson told Reuters. “So this has not been launched, but the technology is available and ready to be deployed.”

When asked how much time and money was spent on AutoDrive, Stellantis declined to say.

Electrek’s Take


Model Y Robotaxi; by Tesla.

When you’re busy doubling down on self-driving technology while lying about the tech’s capabilities and fending off ten-figure lawsuits – well, let’s just say that the optics are not good. Here’s hoping Elon doesn’t spend all that bonus he got (he might need it).

SOURCES: AAA, via Forbes; Reuters.


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MAN Trucks CEO: an electric semi will pay for itself in three years (*)

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MAN Trucks CEO: an electric semi will pay for itself in three years (*)

Alexander Vlaskamp, the outspoken CEO of MAN Trucks, claims that an electric semi truck can pay for itself in less than three years – but there are a few asterisks in that statement. We’ll try to unpack them all for you here.

MAN began series production of its eTruck electric semi in July on a flexible line capable of building up to 100 trucks per day with either diesel or battery-electric power. With production underway, the challenge now is selling the things. That means proving that the higher upfront cost pays off with a lower total cost of ownership (TCO), and the first stop on that train is incentives.

The good news is that, in the EU, incentives are plentiful. MAN says those programs, together with Europe’s much higher diesel prices compared to the US (about $6.80/gal compared to $3.70, as I type this), can help the eTruck pay for itself in as little as two and a half years.

And, if you’re not familiar with European incentives for electric semi trucks, hold on to your hats because they are wild:

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  • up to 80% of vehicle purchase price subsidy in Austria (ENIN)
  • in Belgium, there’s a subsidy for up to 32% of the price of the truck (up to 2 trucks per company)
  • in Ireland, government incentives cover 30–60% of the up-front cost difference versus a comparable diesel truck
  • Norway offers a similar 60% diesel cost difference incentive
  • etc., etc., ad nauseam

MAN’s customers can do that math easily enoughthe company says it already has 700 orders on the books already, and expects to hit 1,000 by year’s end. But that math only maths if those customers can actually access the electrons to replace all that diesel … and the charging infrastructure they’re going to need for all those trucks? That’s still a ways off.

“It’s all about the charging infrastructure, that’s the problem,” Vlaskamp told Börsen-Zeitung. “When it comes to investment in charging stations, Europe is lagging far behind … what’s needed now is the political will to reverse this trend,” adding, “We need to act quickly.”

Charging is key


MAN electric truck charging
Charging an eTruck; via Man Trucks.

Spanish-language site Motorpasión notes that red tape isn’t the only reason charging lags. Driving investment into new charging infrastructure is lagging, too – but MAN’s CEO thinks there’s a simple fix: take half of annual toll revenues generated by commercial trucks (around €7 billion in Germany, alone) and funnel it directly into DC fast charging.

In addition to the still deficient charging network, another obstacle is the cost of electricity for charging. Vlaskamp proposes a reduced price for commercial truckers, as has traditionally been the case with diesel. Currently, the average price is 45 to 50 cents per kWh, but says the ideal would be, “between €0.20 and €0.30/kWh.”

TL;DR: if charging was cheaper and easier to access and the government was willing to subsidize EVs as much as they’ve subsidized oil with the creating and ongoing support of a globalized military industrial complex, MAN Trucks’ CEO thinks plug-in semis would be a no-brainer.

Head on down to the comments and let us know if you agree.

SOURCE | IMAGES: MAN, via Börsen-Zeitung, Motorpasión.


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Celebrate Labor Day with these awesome (electric) work truck deals

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Celebrate Labor Day with these awesome (electric) work truck deals

It’s Labor Day weekend, which means big deals on car lots across America – especially if you’re shopping for a new electric vehicle to help with your labor. We’ve rounded up the best offers on electric pickups, vans, and even a great option for ride share drivers!

Sure, there’s a bit of irony in pitching “work vehicles” on a holiday meant for not working – but for many small business owners, work is part of who they are. And with the $7,500 federal EV tax credit set to expire, plus a wave of great Labor Day deals on work-ready EVs, now might be the best time yet to plug into a new electric ride.

Here are some of the standout electric vehicles offers we found this Labor Day weekend (2025), organized by vehicle type.

Electric pickup | F-150 Lightning


2023 Ford F-150 Lightning Is Cheaper To Lease Than Its ICE-Powered F-150 Sibling
F-150 Lightning; via Ford.

The “Ford for America,” summer sales event continues through Labor Day with interest-free 0% financing, $0 down payment, and zero payments for up to 90 days for retail customers. Ford is also throwing in $0 maintenance for 24 months.

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But wait, there’s more! Ford Authority is reporting that a complimentary home charger and standard installation might also be included as part of the Ford Power Promise promotion happening at participating dealers in select markets with the purchase of a new F-150 Lightning pickup through the end of September.

Lease customers aren’t being left out, either. You can lease a 2025 Ford F-150 Lightning XLT 4P 311A pickup at $399 per month for 36 months, with “just” $399 due at signing (basically your first month’s payment).

Electric van | Chevy Brightdrop


Chevrolet Brightdrop ZEVO; via GM.

The best electric vehicle deal in the business keeps on truckin’ into Labor Day weekend, with new 2025 Brightdrop models currently eligible for up to $21,500 in manufacturer rebates before any Federal, state, local utility, or even Costco membership incentives kick in.

For your money, you get a capable, Ultium-based electric cargo van with more room than your college dorm and a nationwide dealer network to keep it up and running when you need it most.

Electric van (hon. mention) | Mercedes eSprinter


2024 eSprinter; via Mercedes-Benz.

Despite being based on the company’s existing diesel platform, Mercedes’ eSprinter has proven itself a capable urban hauler in the hands of Amazon, DHL, and countless European tradespeople. Despite that, there are still a handful of leftover 2024 models hanging around dealer lots – enough that Mercedes is offering up to $30,000 (!) Customer Cash on any new ’24MY eSprinter purchased from dealer stock.

That discount is enough to bring the price of this 2024 eSprinter in Chicago from $87,823 all the way down to $57,823 this Labor Day weekend – and that’s before you factor in state and local utility incentives that can bring the price down even further.

As you can imagine, there’s some fine print on that Customer Cash deal. It can’t be combined with Special APR programs through Mercedes-Benz Financial Services (MBFS), but it can be combined with the Mercedes-Benz Commercial Vehicles Medium Fleet Program.

Ride share ride | VW ID.4


Volkswagen-ID.4-lease-deal
VW ID.4 AWD Pro S; via Volkswagen.

Ride share drivers looking for comfortable seats, room for five adults and their luggage, proven battery life, and lickety-quick charging speeds can stop looking. Volkswagen is offering a sweet ID.4 lease at nearly half the cost of an entry-level Jetta with payments starting at just $129/mo. – that’s despite the ID.4 carrying a significantly higher MSRP.

And, while we’re at it, it’s probably worth noting that serious road warriors will probably save more than $129/mo. in fuel alone.

If you prefer to own your vehicles after making payments on them for a few years, you can also get 0% interest financing on select ID.4s for up to 72 months. It’s important to note here that Volkswagen’s deals can vary wildly by region. That $129/mo. offer is available in California and a few other West Coast states, for example, but the electric crossover’s listed at $329 for 24 months with $4,499 due at signing in others.

Disclaimer: the vehicle models and financing deals above were sourced from CarsDirectCarEdge, and (where mentioned) the OEM websites – and were current as of 29AUG2025. These deals may not be available in every market, with every discount, or for every buyer (the standard “with approved credit” fine print should be considered implied). Check with your local dealer(s) for more information.

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