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Former long-time Tesla CFO Deepak Ahuja joins JB Straubel’s Redwood Materials

1 month 2 weeks ago

Deepak Ahuja, who served as Tesla’s chief financial officer for 11 years across two separate stints, is joining Redwood Materials as CFO. The move reunites him with Tesla co-founder and former CTO JB Straubel.

The hire comes at a pivotal moment for Redwood, which recently laid off 10% of its workforce and lost several senior executives as it restructures around a fast-growing energy storage business.

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Fred Lambert

XPeng (XPEV) reveals Mona L03 SUV with 650 km range for ~$20,500

1 month 2 weeks ago

XPeng (XPEV) is expanding its hit Mona budget EV lineup with the L03, the sub-brand’s first SUV, which surfaced in Chinese regulatory filings with up to 650 km of CLTC range, a 183 kW motor, and LFP battery options up to 69 kWh.

Chinese automotive media reports indicate the Mona L03 will start at approximately 150,000 yuan (~$20,500), making it one of the most aggressively priced electric SUVs on the market. XPeng also filed for two additional SUVs — the larger Mona L05 and flagship G9L — signaling a massive product offensive for the second half of 2026.

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Fred Lambert

Tesla China retail sales fall 10% in April despite reports of 36% surge

1 month 2 weeks ago

Tesla’s actual retail sales in China fell 10% year-over-year in April to just 25,956 vehicles, according to new data from the China Passenger Car Association (CPCA) — despite widespread reports last week that Tesla’s China sales had surged 36%.

The discrepancy is the same one we’ve been flagging for months: the 36% figure is based on wholesale numbers from Giga Shanghai, which include exports. The retail figure, which reflects what Chinese consumers actually bought, tells a very different story.

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Fred Lambert

Survey Sunday: How much home battery backup do YOU need?

1 month 2 weeks ago

Home batteries are getting a lot of attention lately, but are people really looking for a full “whole home” setup, or are they just interested in keeping their phones alive for some post-hurricane doom scrolling? We asked you, our brilliant Electrek readers, what you were looking for in your home battery. Here’s what you said.

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Jo Borrás

Tesla postpones Model S/X Signature delivery event, leaving attendees holding the bag

1 month 2 weeks ago

Tesla has postponed its highly anticipated Signature Edition delivery event that was scheduled for May 12 at the Fremont factory. The company sent a brief email to attendees today — just three days before the event — offering no explanation and no new date.

The last-minute postponement is leaving buyers who already spent thousands of dollars on plane tickets and hotel reservations holding the bag.

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Fred Lambert