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TELO is a new electric truck startup based in Silicon Valley that aims to provide an electric truck with the capabilities of today’s full-size pickup trucks, but in a right-sized package that actually fits in a city.

TELO is a startup cofounded by Jason Marks, who led ADAS/Autonomous drive test programs at National Instruments, and EV industry veteran Forrest North, an early Tesla Roadster engineer, cofounder of Mission Motors and former COO of Recargo/Plugshare.

The startup is still in its early stages, but has big plans for its tiny electric truck, with a spec sheet of some pretty unbelievable specs.

TELO plans to offer a 106kWh battery on its first model, with a dual motor configuration capable of 500 horsepower. This gives the truck a 0-60 time of about four seconds, with a top speed of 125mph.

The company estimates that the truck will have a range of 350 miles, and is targeting a 20-minute charge time from 20-80% capacity (this works out to about a 190kW average charge rate from 20-80%, though it should be able to take about a 320kW peak).

All of this comes in an incredibly small package. It’s only 152 inches long – the same length as the electric Mini Cooper SE. That’s five feet shorter than the Toyota Tacoma, the best-selling “compact” pickup truck in America, and six and a half feet shorter than the F-150 Lightning. And at 4,400 lb., it weighs less than a Tesla Model Y.

Somehow, though, despite the Mini having four seats at that length, TELO promises to fit five seats and a full-size 60″ truck bed, same as the base model crew cab Tacoma. That’s six inches longer than the 54″ bed of the Rivian R1T, six inches shorter than the 66″ bed of the F-150 Lightning, and the same length as the excessive Hummer EV “supertruck,” though with 49 inches between the wheels, the TELO is a little narrower than each.

TELO says that in order to achieve this space-efficiency, it has chosen to optimize for space at all points in the design process. These design choices can be summarized as “good enough to be amazing, but we don’t have to be the best,” said TELO. By not going over-the-top with any particular spec, the company can save space and money.

For example, TELO says its battery – which uses standard 21700 cells –  will be 50% more space efficient than the rest of the industry because it is able to save space with lower-amperage connections since it’s not aiming to break any records with 0-60 times like some other big-battery EVs. And the front of the truck bed is the back of the rear seats, so that’s one fewer body panel or seat part that needs to be designed, tooled, produced, and attached to the vehicle.

On that point – the rear seats act as a mid-gate, and can be folded down to create a flat surface long and wide enough to carry full 4×8 sheets of plywood or a nine-foot surfboard even with the tailgate up (and potentially fully enclosed by a tonneau cover, though TELO has not yet decided if one will come standard).

Even without a tonneau cover, the truck will have enclosed storage in the form of a tunnel storage compartment, which will function similarly to Rivian’s “gear tunnel.” This has been a popular feature on the Rivian, as a place to store dirty items that you don’t want to throw into an open bed, or to use the tunnel door itself as a seat or as a step to access gear on a roof rack.

But on the TELO, the tunnel can also be accessed from above by removing part of the truck bed. This doesn’t just give more options for accessing storage, but opens up a whole new possibility for rear passengers.

As if two rows and a full-size bed weren’t enough, TELO plans to offer an optional camper shell and bolt-in third-row seats, bringing total seating capacity to eight total passengers, says the company. In this configuration, the tunnel gets used as the footwell for the rear passengers.

Alternately, the camper shell can be used without third-row seats for enclosed storage, and TELO wants to connect it to vehicle HVAC, which could be useful for businesses or for owners who often carry pets around in the back.

The truck will be capable of V2L, with outlets in the bed, though TELO hasn’t decided how much draw it will be capable of yet.

TELO is being built with safety in mind from the get-go. Despite the short front-end with only one inch of overhang over the front wheels (on a 111.5-inch total wheelbase), the seating position is not entirely cab-over and occupants are still hidden behind a crumple zone. But in keeping with Marks’s previous expertise working on ADAS testing systems, TELO claims it has several innovative electronic aids for both driver and passenger safety planned, though it couldn’t elaborate on what specific technologies it had in mind.

But more importantly, a small electric truck is inherently safer for roads, pedestrians, and for the environment. In recent years we have seen a trend toward massive land yachts taking over the road (yet with less utility and smaller beds), with SUV and truck sales skyrocketing. And it’s been no coincidence that pedestrian deaths have risen rapidly in sync with sales of larger vehicles that often leave pedestrian safety as an extreme afterthought.

Not only do these massive trucks and SUVs harm pedestrians, they also cause more road damage, run through more tires (causing more particulate pollution from tire particles), contribute to sprawl, and use more resources both to manufacture and to operate. It’s all bad, it’s all dangerous, and we need to do something about it.

Cofounders Forrest North and Jason Marks with designer Yvez Behar

TELO offers a solution here. It’s a vehicle that has the capability of a full-size truck, but uses far fewer resources and is less of a danger to everyone around it. And for a global population that is both growing and urbanizing, small urban EVs are going to be important both for city dwellers who need or choose to have a vehicle, and for businesses that need cargo space but would benefit from a smaller vehicle.

And the company thinks that the market is ready for a truck like this. There has been some pushback brewing against rising vehicle sizes lately, and even “compact” trucks like the aforementioned Tacoma are several feet longer than this vehicle. Crossover SUVs are popular because people want cars that have more space and utility, but aren’t as big as a truck or full-size SUV.

So what if they could have even more utility in an even smaller package? It could be a hit, especially given that there isn’t anything else like it on the American market (and small delivery trucks are already popular in both Europe and Asia, so there’s your proof-of-concept).

So now, down to the bottom line: How much does it cost, and when can we get it?

TELO is currently targeting a price of $50K before incentives, and it should qualify for Inflation Reduction Act tax credits too. In the future, TELO wants to offer a version with a smaller battery and single motor, presumably with a lower price. This would be good for people who know they don’t need a huge 350-mile battery, or for businesses with set routes or mostly intracity travel. But, like most startups, the focus will be to start upmarket and deliver one highly equipped version to start off, then expand with other options later.

As for planned delivery, there are several steps to go before then. TELO wants to have a running prototype by the end of summer, a press vehicle by the end of the year, to do homologation (crash/aero analysis) over the course of the next year and conclude all of those preproduction steps in 2024. Then, it hopes to have the first 500 hand-built vehicles by the end of 2025, and 10,000 contract-manufactured vehicles in 2026.

These are all incredibly tight timelines, and basically describe perfect execution – so, as is often the case with EV startups, there may be some “flexibility” on the above dates.

If you’re interested in getting a TELO, the company is taking pre-orders today at its website, telotrucks.com. Pre-orders are $152 – just like the 152-inch length of the truck. You can also join TELO’s Discord server where it will solicit feedback on development.

Electrek’s Take

I’ve made my thoughts clear about ballooning SUV and truck sizes multiple times before on this site. In short, I’m against it. We need smaller vehicles, and we need to live in denser, greener spaces. These are important steps in the fight against climate change, which is the most important problem humanity has ever encountered.

When it comes to giant SUVs, I’m looking at you, almost every automaker, because all of you seem to be releasing giant three-row electric SUVs this year, which threatens potential emissions reductions from going EV. But I’m also looking at government, because part of the reason for that is due to rules that encourage SUVs, a problem that the EPA finally recognized and is taking some action to fix in its new regulations.

As for the TELO, even though we haven’t gotten to ride in it yet, I think it’s pretty clear that I love everything that’s been promised here.

But, when I said the specs were “unbelievable” above, I meant it. Reading through the press release, I really thought the company was pushing the bounds of reality.

After speaking with the founders, it all does seem more realistic. I can see how they can pack a lot into a tiny package, and how they’re getting a lot of the numbers they’ve quoted.

I’m still skeptical of a couple of them – promising such a huge jump in volumetric energy density, for example – but I see how most of this is possible.

And I’m also a bit skeptical of the need for so many features, when trimmed-down versions of the truck could be more fit-to-purpose. A delivery truck doesn’t need a second row of seats or 0-60 in four seconds, a family hauler doesn’t need to go 125 mph, and so on. But this is just the start, and TELO said they would offer trimmed-down versions in the future, so we’ll hope to see those.

I wouldn’t be surprised to see production timing slip, to see some features cut or made optional, or to see some other changes to price or battery size. But even with a few reductions here and there, this still is an astounding package and fills a market that needs to be filled and that nobody else is filling. And it can’t get here quick enough, in my opinion, so we hope they make it to production (making cars is hard) and can start to bend the needle in the US toward right-sized vehicles with lots of capability in less space.

As always, we’re happy to hear your feedback in the comments. What do you think about the TELO? Are their plans realistic, is there a market for this kind of truck in the US? Let us know below.

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Joe Rogan’s new custom Tesla Model S Plaid looks sick

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Joe Rogan's new custom Tesla Model S Plaid looks sick

Joe Rogan got himself a new Tesla Model S Plaid customized by Unplugged Performance, and I think it looks sick.

Dope or nope?

Rogan was not always a fan of electric vehicles. In fact, at one point, he was one of the biggest EV misinformation spreaders.

It wasn’t intentional. Like many, he got caught in the decades of misinformation pushed by the fossil fuel industry and some automakers trying not to make them.

He eventually got onboard after Elon Musk, Tesla’s CEO, convinced him to get a Model S Plaid during an interview.

The famous comedian and podcaster was impressed by the acceleration of electric vehicles, or more specifically, the Model S Plaid’s acceleration and the overall technology inside Tesla’s vehicles.

For the last year or so, he has been talking about getting a new Model S Plaid and having it modified by Tesla tuner Unplugged Performance (UP). The company has now announced that it has delivered the vehicle to Rogan:

This one-of-one build blends the best of Unplugged Performance’s engineering expertise with Joe’s vision for a perfect blend of class and aggression that can be driven daily. The result is a car that’s as striking in appearance as it is in craftsmanship and performance.

Here’s a gallery of Rogan’s new Model S Plaid:

The main modification is a widebody, which involves a “19-piece prepreg carbon fiber widebody kit that increases the width of the vehicle by 80mm.”

It is also equipped with UP-03 forged monoblock wheels and carbon fiber rocker panels with an integrated Koenigsegg Advanced Manufacturing aerodynamic shark fin at the front wheels.

Here’s Rogan checking out his new car for the first time with UP founder Ben Schaffer:

The vehicle also features UP’s upgraded suspension and brakes.

Dope or nope?

Electrek’s Take

I think it looks pretty dope. I hope it gets Joe to become better informed about electric vehicles because even since he has owned a Tesla, he has kept spreading misinformation about electric vehicles.

I like Joe, but I think he can sometimes be quite careless about the impact of his platform, and I certainly wouldn’t take anything he says too seriously unless it has to do with subjects he is an expert in, which are comedy and martial arts.

As a fan of both, I think he is genuinely knowledgeable on those and worth listening to.

However, recently, I heard him say on his podcast that electric vehicles are worse than gas-powered vehicles for air population because they are heavier and, therefore, produce more brake pad particles.

I couldn’t believe him saying that as a Tesla driver himself. Then he somehow remembered about regenerative braking greatly reducing the use of brake pads in EVs compared to fossil fuel vehicles. I thought he was redeeming himself, but no. He then added that he thought only Tesla vehicles had regenerative braking.

He could really use an EV expert to dispel much of the misinformation he has spread about EVs on his podcast.

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Trump crypto plans have Wall Street CEOs ready to jump into digital assets

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Trump crypto plans have Wall Street CEOs ready to jump into digital assets

A cartoon image of US President-elect Donald Trump with cryptocurrency tokens, depicted in front of the White House to mark his inauguration, displayed at a Coinhero store in Hong Kong, China, on Monday, Jan. 20, 2025.

Paul Yeung | Bloomberg | Getty Images

Just days into President Donald Trump’s second administration, Wall Street is singing a different tune on crypto.

“For us, the equation is really around whether we, as a highly regulated financial institution, can act as transactors,” Morgan Stanley CEO Ted Pick told CNBC on Thursday at the World Economic Forum in Davos, Switzerland.

The newfound optimism among an increasing number of bank execs who were in Davos this week is tied to Trump’s pro-crypto agenda. Trump, a vocal crypto skeptic in his first term, flipped on the issue during his 2024 campaign and came to rely on the crypto industry’s money in his effort to defeat former Vice President Kamala Harris.

The president on Thursday issued a sweeping executive order on crypto, with an emphasis on “protecting and promoting” the use and development of digital assets. Banks have been reluctant to support crypto and enable transactions to this point in large part because of the government’s position. The SEC has brought more than 200 cryptocurrency-related enforcement actions since 2013, according to Cornerstone Research.

“We’ll be working with Treasury and the other regulators to figure out how we can offer that in a safe way,” Pick said.

Trump has nominated multiple crypto advocates to critical positions across his administration. They include Paul Atkins to chair the Securities and Exchange Commission, where he was a commissioner under President George W. Bush. Howard Lutnick, CEO of Cantor Fitzgerald, is Trump’s pick for secretary of Commerce, and hedge fund manager Scott Bessent was tapped to lead Treasury.

How Wall Street is capitalizing on crypto resurgence as market cap hits record $3.2 trillion

If confirmed, Bessent would oversee the IRS and the Financial Crimes Enforcement Network, which both play key roles in shaping tax and compliance policies for crypto transactions and setting guidelines for crypto adoption in the U.S.

Pick says Morgan Stanley will be working with federal regulators to determine whether it’s possible to deepen the bank’s ties to the cryptocurrency markets. His firm has been more aggressive than its Wall Street peers.

In 2021, Morgan Stanley became the first big U.S. bank to offer its wealthy clients access to bitcoin funds. Last August, it was the first major Wall Street player to let its financial advisors start pitching clients on some of the bitcoin exchange-traded funds that launched early last year. So far, wealth management businesses have only facilitated trades if customers requested exposure to the new spot crypto funds.

Pick suggested that the more bitcoin seeps into the mainstream, the more it’s viewed as a legitimate part of the financial system.

“The longer it trades, perception becomes reality,” he said.

‘Just another form of payment’

Bank of America CEO Brian Moynihan echoed a willingness to embrace crypto, specifically as a payment option, if the regulatory environment shifts under the new administration. Speaking in Davos, Moynihan emphasized that clear guidelines could unlock broader adoption.

“If the rules come in and make it a real thing that you can actually do business with, you’ll find that the banking system will come in hard on the transactional side of it,” Moynihan said in an interview on Tuesday with CNBC.

Moynihan, who runs the second-biggest bank by assets in the U.S., noted that crypto could become “just another form of payment,” like Visa, Mastercard or Apple Pay. However, he steered clear of discussing cryptocurrencies like bitcoin as investments or stores of value, calling it “a separate question.”

Goldman Sachs puts over $400 million into bitcoin ETFs

Another major roadblock to Wall Street’s adoption of cryptocurrencies is an accounting rule, issued by the SEC in 2022, that requires banks to classify cryptocurrencies as liabilities on their balance sheets. The rule subjects those assets to strict capital requirements, significantly raising the financial and regulatory risks of offering crypto custody services.

Efforts to overturn the rule, known as SAB 121, gained bipartisan support in Congress last year. But then-President Joe Biden vetoed the proposed legislation, leaving the rule intact and further discouraging banks from adopting digital assets. Banks have been largely forbidden from expanding their crypto offerings beyond derivatives trading and offering ETFs to wealth management clients.

“At the moment, from a regulatory perspective, we can’t own” bitcoin, Goldman Sachs CEO David Solomon told CNBC in an interview in Davos this week. He said the bank would revisit the issue if the rules changed.

With the pro-crypto Trump administration now in power, there is renewed optimism that SAB 121 could be repealed or revised, allowing banks to custody crypto assets without such burdensome capital requirements.

Bitcoin hit a record of nearly $110,000 on Monday ahead of Trump’s inauguration leading broader gains in the crypto market. As of late Thursday, it was trading at around $104,000.

CNBC’s Hugh Son contributed to this report.

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Tesla launches new Model Y in North America and Europe

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Tesla launches new Model Y in North America and Europe

Tesla has officially launched the new Model Y in North America and Europe after launching it in China earlier this month.

The difference is that Tesla is now taking orders for both the older and newer versions of its best-selling electric SUV.

That’s a unique launch for Tesla. I don’t remember the automaker doing that before.

After launching the new Model Y design refresh in China two weeks ago, Tesla is now starting to take orders for the refresh in North America and Europe.

But it looks like the design refresh is still a transitional in Tesla’s production as the automaker is still taking orders for the previous version:

For the launch in North America and Europe, Tesla has only added a new “trim” on the Model Y online configurator for a ‘Launch Series New Model Y’, which is the version unveiled in China earlier this month.

But in China, only this new version has been available for sale since the last two weeks.

Tesla estimates that the new version will have 320 miles of EPA range. Compared to 311 miles for the previous Model Y Long Range AWD, the only version of the new Model Y Launch Series available.

Here are all the other changes with the new Model Y compared to the previous version:

Feature Model Y New Model Y
Starting Price After Est. Savings $31,490 Available Now $46,490 Available Starting March
Trims Long Range RWD Long Range AWD Performance AWD Launch Series Long Range AWD
Range 277-337 miles (EPA est.) 303-320 miles (est.)
Seating First row: power recline and heated Second row: manual fold and heated First row: power recline, heated and ventilated Second row: power two-way folding and heated
Displays 15.4″ front-row touchscreen 15.4″ front-row touchscreen 8″ second-row touchscreen
Ride Comfort First-generation suspension First-generation noise reduction hardware Second-generation suspension Second-generation noise reduction hardware
Cameras 7 exterior cameras 8 exterior cameras (includes a new front-facing camera)
Audio Long Range RWD: 7 speakers Long Range AWD: 13 speakers, 1 subwoofer Performance AWD: 13 speakers, 1 subwoofer Launch Series Long Range AWD: 15 speakers, 1 subwoofer
Connectivity First-generation hardware Second-generation hardware
Trunk Power open Hands-free power open on approach
Interior Footwell and door pocket ambient lighting Wooden detailing with black interior Footwell and door pocket ambient lighting Wrap-around ambient lighting Aluminum detailing and premium textiles
Climate Tinted and laminated safety glass Power-actuated first-row air vents Manual second-row air vents Tinted and laminated safety glass with metallic infrared reflective coating Power-actuated first- and second-row air vents

For the Launch Series, Tesla is pricing the new Model Y Long Range AWD at $59,999 USD. That’s $12,000 more than the previous Model Y Long Range AWD, which is still available to order.

Specifically for the Launch Series, buyers get a bunch of special badging around the car:

But they also get things called “Premium Textil Trim” and “Vegan Suede for Black Interior”:

Currently, Tesla is only offering the new Model Y in Stealth Grey, Pearl White Multi-Coat, Ultra Red, and Quicksilver, but they are all included in the Launch Series price.

The Glacier Blue that is offered in China is currently not offered in North America or Europe.

Tesla is talking about the first deliveries of this new version of the Model Y coming in March in North America.

Electrek’s Take

This came sooner than expected, as most expected the launch to be closer to March based on how Tesla launched the Model 3 refresh last year.

But this is also different since Tesla continues to take orders for the previous version.

Tesla was likely worried about the Osborne effect and this strategy of starting with this more expensive version of the Model Y, the Launch Series, is going to help sales of the much cheaper previous version.

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