Quick Charge Podcast: July 31, 2021

Listen to a recap of the top stories of the day from Electrek. Quick Charge is available now on Apple PodcastsSpotifyTuneIn and our RSS feed for Overcast and other podcast players.

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Stories we discuss in this episode (with links):

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MKBHD Checks Out GMC Hummer EVs In Person

MKBHD Checks Out GMC Hummer EVs In Person

After checking the Ford F-150 Lightning (see here), Marques Brownlee (aka MKBHD) visited GMC’s studio to see the two upcoming all-electric Hummers – GMC Hummer EV pickup and GMC Hummer EV SUV.

According to Marques Brownlee, those are the only two working units in the world. They both look massive in person – huge, tall with high clearance, and heavy. The pickup is expected to exceed 9,000 lbs (4,082 kg). It’s so big that it requires three windshield wipers.

Despite its size and weight, the new Hummer will be very quick, comparable to a sports car, with 0-60 mph in just around 3 seconds.

2022 GMC Hummer EV

2022 GMC Hummer EV

2024 GMC Hummer EV SUV Front

GMC Hummer EV SUV

The GMC Hummer EV offers tons of storage, including a big front trunk. Among the cool features noted by Marques Brownlee are lights that indicate battery state-of-charge.

GMC appears to be very proud of its new Hummer and flooded it with logos everywhere (32 according to MKBHD).

The fully loaded Edition 1 of the GMC Hummer EV pickup is coming on the market before the end of this year, while the SUV is to follow in 2023.

GMC Hummer EV pickup:

  • Edition 1 (Fall 2021): $112,595 (MSRP) – reservations full
    range of 350+ miles (563+ km)
  • 3X (Fall 2022): $99,995 (MSRP)
    range of 300+ miles (483+ km)
  • 2X (Spring 2023): $89,995 (MSRP)
    range of 300+ miles (483+ km)
  • 2 (Spring 2024): $79,995 (MSRP)
    range of 250+ miles (402+ km)
external_image

GMC Hummer EV SUV:

  • Edition 1 (Early 2023): $105,595 (MSRP) – reservations full
    range of 300+ miles (483+ km)
  • 3X (Spring 2023): $99,995 (MSRP)
    range of 300+ miles (483+ km)
  • 2X (Spring 2023): $89,995 (MSRP)
    range of 300+ miles (483+ km)
  • 2 (Spring 2024): $79,995 (MSRP)
    range of 250+ miles (402+ km)
external_image
Tesla Model S Plaid takes its place as production EV king with Porsche Taycan Turbo S beatdown

Tesla Model S Plaid takes its place as production EV king with Porsche Taycan Turbo S beatdown


Very, very few cars can make the Porsche Taycan Turbo S look like it’s standing still in a quarter-mile race, but here we are. While the Taycan Turbo S is already unnervingly fast, all it apparently takes for Porsche’s flagship all-electric performance car to look like a slow car in the drag strip is a Tesla Model S Plaid, even one without a full battery or an experienced driver. 

Drag racing veteran and DragTimes host Brooks Weisblat recently took delivery of his Tesla Model S Plaid, and so far, he has been testing the vehicle’s performance both on the drag strip and on the streets. In a recent YouTube video, Weisblat put his new Model S Plaid against the Taycan Turbo S, a vehicle that was able to beat the “Raven” Model S Performance in a heads-up race. 

Credit: DragTimes/YouTube

The two high-performance EVs faced each other in three quarter-mile races, and each time, the Tesla Model S Plaid soundly beat the German electric sports car. So dominating was the Model S Plaid that in the first race, it completely left behind the Taycan Turbo S despite its driver having issues with his launch and the vehicle not being fully charged. Speaking after the first race, the Model S Plaid driver noted that he had not been able to engage Drag Strip Mode at all. 

But despite this, the Model S Plaid dominated the race, hitting the quarter-mile mark 0.8 seconds faster than its German-made competitor. The next two races were equally one-sided, with the Tesla simply blitzing away from the Taycan all the way to the quarter-mile mark. In later comments, Weisblat and a colleague who drove the Model S Plaid remarked that Tesla’s latest flagship vehicle is nothing short of a monster — one that makes the automotive world’s future very exciting. 

After all, with the Tesla Model S Plaid beating down the Porsche Taycan Turbo S completely, there is a good chance that the German automaker would respond in kind. And when that happens, Tesla may have the next-generation Roadster ready, or perhaps even the Model S Plaid+, which might be equipped with the company’s new 4680 cells. Needless to say, the Model S Plaid seems to be the ultimate performance electric car in production today, and its successors would likely be nothing but amazing. 

Credit must be given to Tesla, however, for making such an insanely powerful car for $130,000. At that price, nothing, electric or otherwise, comes close. This point was so evident in DragTimes‘ latest video that after the first bout of the two high-performance EVs, the Porsche Taycan Turbo S owner promptly got his phone out and headed to Tesla’s official website, where he configured and ordered his own Model S Plaid. 

Watch the Tesla Model S Plaid battle the Porsche Taycan Turbo S in the video below. 

Don’t hesitate to contact us with news tips. Just send a message to [email protected] to give us a heads up. 

Tesla Model S Plaid takes its place as production EV king with Porsche Taycan Turbo S beatdown





Hot-selling Revolt electric motorcycle to get lower-cost sibling, the RV1

Hot-selling Revolt electric motorcycle to get lower-cost sibling, the RV1

You may have heard of the Revolt RV400, which has been in hot demand since its debut. Now it’s getting a new member of the family with a lower sticker price.

The new model will be known as the Revolt RV1, and its introduction will replace the current RV300 electric motorcycle.

Both the RV300 and RV400 electric motorcycles were unveiled back in 2019, though production hit several snags during the COVID-19 pandemic due to the bikes’ international supply chains.

The RV400 debuted with a top speed of 85 km/h (53 mph), making it one of the faster urban-use electric motorcycles on the market – certainly faster than the slew of 45 km/h (28 mph) electric scooters it competed with indirectly.

The Revolt RV400 was rated for 156 km (97 mi) of city range, which is more than sufficient for most riders.

The RV400 sold well right from its launch, often selling out quickly when new production batches opened for orders. The last batch sold out in just two hours due to pent-up demand.

But the lesser-spec’d RV300 never received as much attention, and its sales suffered as a result.

Now we’re learning that the model will be retired in favor of being replaced by the upcoming new RV1 low-cost electric motorcycle.

The RV1 will also be the first model in the family to be completely produced domestically in India.

As the company explained to Drivespark:

“By December this year, our product will become completely make-in-India. We have been importing parts from China but we are now focusing on every single supply from India. The manufacturing of the new bike will start from January.”

Due to the local production of the RV1, industry estimates put the price tag at around 75,000 INR (US $1,008).

The existing RV300 models that are still unsold have been purchased en masse by Dominos Pizza in India, which will use them to replace its large fleet of gas-powered delivery motorcycles.

India is one of the largest two-wheeler markets in the world. The motorbike industry there has seen a huge push for electrification, aided by government incentives via the FAME II program.

Domestic production of electric two-wheelers has also become a quickly growing segment of the industry. Ola Electric is making quick progress on its electric scooter megafactory designed to produce 2 million units per year initially before ramping up to an eventual output of 10 million units per year.

Gogoro’s entry into the Indian market is also expected to provide another shot of adrenaline into an already quickly growing industry.


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Tesla Hints At Simple Solution For Supercharging Non-Tesla EVs

During the second-quarter earnings call, Tesla‘s CEO Elon Musk answered a question about the upcoming opening of the Supercharging network to other EVs.

The technical solution to implement the access will be fairly simple, based on an app. Once a user will register and assign a credit card, he/she will be able to indicate the stall (probably using a QR code), accept the price, and unlock the power for a non-Tesla electric vehicle.

However, there are two catches that Elon Musk revealed. First concerns North America where most of the non-Tesla EVs use the CCS Combo 1 DC fast charging connector, which is incompatible with the Tesla-proprietary standard.

In Europe, new Tesla’s like the Model 3 and Model Y uses CCS Combo 2-compatible connector and Superchargers were retrofitted with CCS2 plugs that can be used by most of the new EVs.

It means that to connect to the chargers, non-Tesla EVs will have to either buy an adapter or use an adapter available at the station. Both options were mentioned by Elon Musk.

“Non-Tesla EVs would have to use a Supercharger adapter, which Musk jokes would be available on Supercharger Stations. “Our goal is to support the advent of sustainable energy. Our intention is not to create a walled garden that we can use to bludgeon our competitors,” Musk jested.”

It means that Tesla is not switching to the CCS1 standard in North America.

Not only that, Tesla will develop and produce a new adapter for CCS1-compatible EVs (CHAdeMO version is doubtful, as there will be no new models with CHAdeMO).

The third thing is a question – how about an official adapter for Tesla cars in North America, that would allow using third-party CCS1 chargers? So far only Setec Power tries to offer such a solution, but as far as we know, without Tesla’s support. See George Bower’s review here.

The second most important thing hinted at by Elon Musk is the pricing for non-Tesla EVs. It will reflect the utilization of the station, as well as the power output.

In terms when the Superchargers are highly occupied, the prices are expected to be higher than in off-peak hours. Moreover, the higher the charging power (probably average), the lower the rate will be, as the value of a stall lies not only in energy dispensed (kWh) but also availability (time). At least, that is how we understand Musk’s words.

““The biggest constraint to Superchargers is time,” Musk said, adding that there are times when charging stations are packed and other times when they are empty. “Tesla will also be smarter in terms of how it charges for electricity,” Musk added, noting that Tesla will use time-based pricing for non-Tesla EVs.”

We guess that the dynamic pricing will be adopted also for Tesla drivers, but not necessarily simultaneously.

Tesla Model S Plaid takes its place as production EV king with Porsche Taycan Turbo S beatdown

Tesla Q2 2021 earnings results: What to expect


Tesla’s (NASDAQ:TSLA) is scheduled to post its second-quarter financial results later today after markets close. A live Q&A session would be held by Tesla’s management at 2:30 p.m. PT (5:30 p.m. ET), which would allow the company to discuss several key developments in its projects, as well as potential headwinds that investors could expect for the coming quarters. 

Despite an ongoing chip shortage that has negatively affected the automotive industry, Tesla’s second-quarter vehicle deliveries and production were impressive. With this in mind, here is a brief outline of what TSLA investors could expect for Tesla’s Q2 2021 earnings results. 

Analyst Ratings to Date

Wall Street currently has a consensus $686.94 12-month price target on TSLA stock, based on 38 analysts covering the company. As per The Deep Dive, eight of these analysts maintain a “Strong Buy” rating, six analysts have a “Buy” rating, 15 have a “Hold” rating, five have a “Sell” rating, and four have a “Strong Sell” rating on Tesla. 

Price targets for Tesla shares vary among the analysts covering the company, though the Street high as of writing comes from Elazar Advisors, which maintain a price target of $1,471 per share. The lowest price target for TSLA stock stands at $67 from GLJ Research, though this figure seems more like a statement than a serious estimate considering Gordon Johnson’s record with Tesla. 

Revenue Estimates

So far, 22 analysts have posted revenue estimates for Tesla’s Q2 2021 results. The mean revenue estimate among the 22 analysts is $11.299 billion, a numbest that’s been flat as of late. The highest estimates from the Street predict that Tesla would post revenue of $12.827 billion, while the lowest estimate points to the company posting $9.5 billion of revenue. 

EBITDA Estimates

There are currently 11 analysts who have posted their second-quarter EBITDA estimates for Tesla. So far, the mean EBITDA estimate among these 11 analysts stands at $2 billion. Street high estimates currently sit at $2.5 billion in EBITDA, while the lowest estimate sits at $1.5 billion. 

Earnings per Share

Analysts currently estimate that Tesla’s second-quarter earnings per share would be at $0.98 per share. So far, the Street high estimate for Tesla’s Q2 2021 EPS stands at $1.34 per share, while the lowest estimate stands at $0.62 per share. 

Other Topics to Expect

Tesla is currently in the middle of its largest ramp to date, despite the challenging landscape in the automotive market today due to the chip shortage and other supply chain difficulties. With this in mind, Tesla executives may cover a number of pertinent topics for its near-term growth, such as the launch of Giga Berlin and Gigafactory Texas, the expansion of Gigafactory Shanghai, and the ramp of its 4680 battery cell production

The progress of vehicles like the Tesla Semi and the Cybertruck would likely be discussed as well. Tesla may also discuss its progress with its Autopilot and Full Self-Driving suite, which recently switched to a vision-only approach that no longer uses radar data. Tesla’s Energy division is also moving forward despite a battery cell shortage, with the company recently launching a Virtual Power Plant project in California. 

Disclaimer: I am long TSLA.

Don’t hesitate to contact us with news tips. Just send a message to [email protected] to give us a heads up. 

Tesla Q2 2021 earnings results: What to expect