Watts Up: EV News of the Week for December 2, 2022

Jo Borras
by Jo Borras


The biggest EV news of the last week has to be the official start of Tesla Semi deliveries, which were perfectly timed (intentionally or not) to drown out the news that the electric car brand had been forced to slash prices in both China and the US in the face of reduced site traffic and waning approval for the brand as-a-whole.


“Waning” approval might be underplaying it, in fact, as Tesla’s public approval rating has actually gone negative for the first time in the company’s history, with the electric automaker starting 2022 with a net-positive score of 5.9 percent, then peaking in May at 6.7 percent before falling to -1.4 percent in November, while Car News China reported that traffic to Tesla showrooms has dropped by as much as 50% in recent weeks.

As a truck, the Tesla Semi, itself, seems off to a good enough start. The company recently showed a fully loaded electric semi completing a 500-mile trip “fully loaded,” on Twitter.

The first deliveries of the Tesla Semi are going to Pepsi Frito-Lay, which is kind of the ideal partner for an electric semi, since deliveries of bagged chips are more about moving a given volume of goods, rather than weight, allowing a BEV truck to pull just as many bags as a diesel without those same batteries putting the rig as-a-whole over any legal weight limits.

There seemed to be a special sort of irony in Tesla announcing a driverless semi at the same time that the US government was making moves to crush a rail union strike, too, but that seems like something for the Best and Brightest to sort out, not me.

More Cybertruck News

The Semi wasn’t the only electric truck news to come out of Tesla’s press event. The company has added “megawatt charging” to the long list of capabilities of its perpetually in-progress Cybertruck model, which now adds “fully charged in less time than it takes to fill up a gas tank” to a laundry list of promises that already included bulletproof glass, a bioweapon defense mode, and amphibious capabilities with a $39,900 starting price.


Meanwhile, Tesla’s troubled electric truck rivals at Lordstown Motors have defied the predictions of a number of industry insiders — mine, included! — and have put their Endurance pickup into limited production, received EPA and CARB homologation, and begun deliveries of their hub-motored electric pickup truck.

The formerly GM-owned Lordstown, Ohio factory that builds the Endurance is now owned by Foxconn, which is also set to build electric farm tractors and the upcoming, sub-$30K Fisker Pear compact.

Yes, That Fisker

Yes, this is the same Henrik Fisker that designed the BMW Z8 roadster before setting off on his own to build high-end body kits for the R230 Mercedes SL in the early ‘00s, only to be hired by Tesla to work on the styling of the Model S, then get sued by Tesla for developing his own, competing EV project in the form of the Fisker Karma (that 2008-12 era was an absolutely wild time for EVs!).

In addition to the Foxconn-built Pear, Fisker is also launching the Magna Steyr-built Ocean electric SUV, but a recent report from the Fisker shorts at Fuzzy Panda Research claims that things might not be as rosy for Fisker as they’d have us believe.


The short version is that Fisker pitches itself as an “asset-light” automotive brand, the “Apple” to Magna’s “Foxconn,” if you will, and often cites its large cash balance as proof that they’ve created a better business model than other automakers. The trouble is, that cash might be all tied up.

“We discovered Fisker has large undisclosed bank guarantees that sets a minimum cash balance,” reads the Fuzzy Panda document. “The bank guarantees are to Magna and estimated at ~$790-825 million … this is Fisker’s entire current cash balance!”

The report also claims that Fisker has attempted to hide the fact that the EV platform they are licensing was built for a Chinese EV, reminding some of the Electric Last Mile Solutions (ELMS) debacle, in which another EV SPAC tried to hide their vehicles Chinese origins — and, it should be noted, was also “outed” by Fuzzy Panda.

Other Startups Are Doing Better

If it seems like a lot of this week’s news is about new brands, as opposed to “legacy” brands, that might be by design — the legacies all got time to shine in Europe and LA in recent weeks, while we missed “Watts Up” Fridays during Veteran’s Day and Thanksgiving weekend, so it could be called “smart” for these smaller brands to wait until the noise died down a bit.

One brand that definitely took that route was Walmart-backed, Canoo, which delivered a prototype of its new Light Tactical Vehicle (LTV) to the United States Army this week, in fulfillment of a contract for Analysis & Demonstration awarded to the company in July 2022.


The Canoo LTV is being called a “jack-of-all trades” in the official press kit, which claims that the Light Tactical Vehicle can be converted from a pickup to a flatbed truck, a cargo vehicle, “and more,” while promising that its transformable flatbed platform can be configured to “easily” carry standard sized plywood, construction materials, and tactical equipment or attachments (read: big-ass guns) for whatever the given mission requires.

“The LTV is another milestone proving the power of our technology and how it can be used, even in tactical situations,” said Tony Aquila, Chairman & CEO at Canoo. “This is a winning algorithm for our customers and company.”

In Other News

In other EV news, both Ford and Volvo spinoff Polestar announced major production milestones for their first mainstream EVs, with Ford claiming it’s built its 150,000th Mustang Mach-E and Polestar claiming its 100,000th 2 sports sedan.

Meanwhile, another EV startup brand, Drako, has revealed a new, all-electric, 2000 HP Dakar-style rally raider of an EV complete with gullwing doors, sub-2.0-second 0-60 MPH time, and the now requisite quilted leather seats and big ‘ole touchscreen.

Finally, in the spirit of, “if the mountain won’t come to Mohammed, Mohammed must go to the mountain,” hydrogen fuel cell hypercar brand Hyperion has announced that, since the US government doesn’t seem to be in a hurry to roll out a hydrogen infrastructure any time soon, it will ensure its well-heeled hypercar buyers have a ready supply of H (and hydrogen, too) in the form of a mobile hydrogen filling station that is blessed with some of the best, atomic-age GM styling I’ve seen in decades.

It's all vaporware and nonsense meant to generate eyeballs and deposits that will probably never lead to anything more than tax write-offs, but I can dream, can’t I?

[Images: Screenshot of Tesla launch; provided by the manufacturers]

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Jo Borras
Jo Borras

I've been in and around the auto industry since 1997, and have written for a number of well-known outlets like Cleantechnica, the Truth About Cars, Popular Mechanics, and more. You can also find me talking EVs with Matt Teske and Chris DeMorro on the Electrify Expo Podcast, writing about Swedish cars on my Volvo fan site, or chasing my kids around Oak Park.

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  • El scotto El scotto on Dec 05, 2022

    @28-cars-later; Sir, I'll get you a maple bacon doughnut and and cup of coffee.

  • Mcs Mcs on Dec 06, 2022

    Something missed in the article is that electric semis are allowed to be heavier than ICE. In the E.U., electric semi trucks are allowed to be 2 tons (~4,400 pounds) heavier than diesel equivalents, and in the U.S. the allowance is 0.9 tons (2,000 pounds).

    

  • Roger hopkins The car is in Poland??? It does look good tho...
  • Kwik_Shift_Pro4X The push for EV's is part of the increase in our premiums. Any damage near the battery pack and the car is a total loss.
  • Geozinger Up until recently this was on my short list of cars to replace my old car. However, it didn't pass the "knee test" with my wife as her bad knee makes it difficult for her to get in and out of a sedan. I saw a number of videos about the car and it seems like the real deal as a sporting sedan. In addition I like the low price, too, but it was bad luck/timing that we didn't get to pull the trigger on this one.
  • ToolGuy I agree with everyone here. Of course there are exceptions to what I just said, don't take everything so literally. The important thing is that I weighed in with my opinion, which is helping to move things forward. I believe we can all agree that I make an important contribution (some will differ, that is their prerogative). A stitch in time saves nine. Life isn't fair, you know. I have more to say but will continue at our next meeting. You can count on that, for I am a man of my word. We will make it happen. There might be challenges. I mean, it is what it is. This too shall pass. All we can do is all we can do. These meetings are never really long enough for me to completely express all the greatness within me, are they? Let's meet to discuss. All in a day's work. After all, Rome wasn't built in a day. At the end of the day, I must say I agree with you. I think you will agree. When all is said and done, there is more said than done. But of course that is just one man's opinion. You are free to disagree. As I like to say...(I am working on my middle management skills -- how am I doing?)
  • Golden2husky Have to say he did an excellent job on the C7, especially considering the limited budget he was given. I am very happy with my purchase.
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