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8+ min ago (372+ words) Ellison fell from the second-richest person in the world to the third. The combination of weaker revenue and higher-than-expected AI spending led to the drop in Oracle's share price, erasing $80 billion in market value on Thursday. Investors wanted to see Oracle turn AI spending into revenue quickly, per Bloomberg. Related: Someone Just Dethroned Elon Musk as the World's Richest Person'And It May Not Be Who You Think Ellison was briefly the world's richest person in September following a strong Oracle earnings report that drove the company's stock price up. Even after the plunge, Ellison remains wealthier than most tech peers, including Jeff Bezos, who has a net worth of $253 billion according to the Index, and Mark Zuckerberg, who is worth $231 billion. Other tech billionaires have faced similar or worse losses. In April, Zuckerberg lost about $24 billion of his net worth,…...

12+ min ago (480+ words) Turning cheap daytime solar into electricity you can actually use at night just got a lot cheaper. A new analysis from energy think tank Ember shows that utility-scale battery storage costs have fallen to $65 per megawatt-hour (MWh) as of October 2025 in markets outside China and the US. At that level, pairing solar with batteries to deliver power when it's needed is now economically viable. Battery storage costs have fallen dramatically over the past two years, and the decline continues. Following a steep decline in 2024, Ember's analysis indicates that prices continued to fall sharply again in 2025. The findings are based on real-world data from recent battery and solar-plus-storage auctions in Italy, Saudi Arabia, and India, as well as interviews with active developers across global markets. According to Ember, the cost of a whole, grid-connected utility-scale battery storage system for long-duration projects…...

14+ min ago (187+ words) In the'Electrek Podcast, we discuss the most popular news in the world of sustainable transport and energy. In this week's episode, we discuss'a very telling Tesla Optimus fail, Rivian's AI/Autonomy day, Mercedes GLB EV, and more. The show is live every Friday at 4 p.m. ET on'Electrek's YouTube channel. 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 at around 5 p.m. ET, the video will be archived on'YouTube'and the audio on all your favorite podcast apps: We now have'a Patreon'if you want to help us 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…...

14+ min ago (514+ words) Peugeot is testing a square steering wheel with variable ratio steer-by-wire that it plans to put Peugeot isn't just tinkering with design quirks, it's actively pushing to bring its experimental "Hypersquare' steering wheel into the real world. The company is pairing the concept with a new steer-by-wire system slated for the next-generation 208. Nearly three years after first unveiling the square wheel in early 2023, the Stellantis brand has started testing it in earnest, and it's already let a few journalists take it for a spin. Read: Peugeot's Concept For Next 208 Reinvents Driving Starting With A Square Steering Wheel Much like Tesla set off the tablet-style infotainment craze, its steer-by-wire tech and unconventional yoke steering stirred up fresh interest in non-traditional driver interfaces. Peugeot picked up that thread with its Inception Concept, showcasing a squared-off wheel as part of its vision for…...

21+ min ago (195+ words) CHESAPEAKE, Va. " A company based in South Korea is making a record-breaking investment to build a manufacturing complex in Hampton Roads, creating hundreds of jobs, Gov. Glenn Youngkin announced Friday. LS Cable & System will spend $689 million towards this effort to boost manufacturing in Chesapeake. The project is expected to create more than 430 jobs while producing materials for American weapons such as Javelin missiles and F-35 fighter jets. "The largest economic development in Chesapeake and Hampton Roads, particularly for a manufacturing site and we thought it couldn't get any better," Youngkin said. Specifically, the facilities will make copper rods, magnet wire and rare earth magnets in an attempt to bypass "the monopoly of Chinese Suppliers," according to a release put out by Youngkin's office. Watch related coverage: LS Greenlink breaks ground on new Chesapeake manufacturing facility Earlier this year, LS Cable & System…...

28+ min ago (266+ words) The company is also offering one free service, like free paint color, interior color, or upgraded wheels, making the deal sweeter. It also offers 0% APR financing for up to 72 months and low-interest financing for other models. Tesla's strategy is to make the deal more affordable for customers with easy monthly payment options. With the help of these lucrative offers, Tesla is planning to clear out their inventory and is trying to keep up with third-quarter sales and revenue numbers with their incentive program. The company delivered 497,099 vehicles, which rose 7% year over year and topped our estimate of 435,370 units. The Model 3/Y registered deliveries of 481,166 vehicles, which rose 9% year over year and topped our expectations of 416,456 units. Tesla's latest move may be a step forward, but they have to be more competitive with their offers. While discounts or offers can work…...

33+ min ago (230+ words) Rivian surged in Friday's stock market to its highest levels since January 2024 following Thursday's "Autonomy & AI Day" where the EV startup announced it has developed an in-house silicon AI chip, while also outlining its next-generation AI platform. Rivian also reported its new autonomous vehicle platform will include a combination of cameras, radar and LiDAR. The EV startup held its "Autonomy & AI Day" at noon ET Thursday and CEO RJ Scaringe, speaking from Palo Alto, said in late 2026 its "Generation 3" autonomy platform will use AI, along with 65 megapixel cameras, a radar array with an added front-facing long range LiDAR. Oops, something went wrong Rivian Stock Soars Following These Announcements At Its Autonomy & AI Day Rivian surged in Friday's stock market to its highest levels since January 2024 following Thursday's "Autonomy & AI Day" where the EV startup announced it has developed an in-house…...

34+ min ago (995+ words) How carbon fiber could turn car bodies into power sources. A battery usually sits inside a machine like dead weight. It stores energy, but it does not help a car drive straighter, an aircraft stay aloft, or a phone survive a fall. Now, a team of researchers in Sweden has built a battery that does all of that at once. I know you must be scratching your head right now, but that's because you haven't heard of structural batteries. These are batteries that serve at least two purposes: storing electrical energy like a traditional battery and providing mechanical strength as a load-bearing component, essentially making the device's chassis or frame its power source. Engineers at Chalmers University of Technology have created a structural battery that performs up to ten times better than earlier versions of its kind. The advance brings…...

38+ min ago (476+ words) The confirmed death of two other GM models all but seals the Chevy car's fate RECENT months have seen virtually every major car brand offered in America make a major U-turn on their former EV promises and goals. However, one legacy automaker in the United States is set to completely abandon a gas-powered model for its EV equivalent in the near future. While its competitors and fellow General Motors brands abandon their electrification plans, Chevrolet seems set to double down on its own. It was reported earlier this year that one Chevrolet model would have its gas-powered version axed after a disappointing sales year in 2024. While the gas-powered Blazer's sales dropped 20% year-over-year from 2023 to 2024, the Blazer EV has seen significant success in its debut year. The gas-powered Blazer has also been slowly but surely sliding in sales figures since its…...

40+ min ago (393+ words) The slump in the U.S. electric vehicle (EV) industry continued in 2025, and several startups, including Nikola (NKLAQ) and Canoo (GOEVQ), filed for bankruptcy, continuing the spate of bankruptcies from the previous year. Most U.S. EV startups that went public between 2020 and 2021 have already gone out of business or become inconsequential. Cut to 2025, and the EV landscape is much different and looks set to worsen further following the withdrawal of the EV tax credit. Amid the EV industry's persistent woes, Morgan Stanley recently downgraded Tesla, Rivian, and Lucid Motors while upgrading General Motors (GM). Meanwhile, while Lucid once pitched itself as the "next Tesla," I find Rivian as an aspirant, too. Like Tesla, it too started with premium models and is now pivoting to affordable ones. Moreover, it is an integrated player like Tesla and has built its own sales network, bypassing dealers....