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European Investment Bank set to vote on a major fossil fuel lending policy
The European Investment Bank (EIB), the world’s largest international public lending institution, will meet on October 15 to determine whether or not they should continue to fund oil and gas companies with billions of dollars. A potential cut in funding would mean a huge victory for eco-friendly groups, as it would bring an end to direct financial support from the EIB to the main contributors to the climate crisis: oil and gas companies.
European countries and citizens have made it clear that they understand the severity and urgency of climate-based issues, with eight countries in the EU already proposing bills and laws that would begin the phase-out of petrol-powered vehicles. The sale of these cars influences a negative environmental response in a direct manner, as emissions from internal combustion engines hurt the overall quality of the environment. As protests and marches that bring to light the issues of climate change have become more popular and frequent, citizens are doing their part as human beings to increase awareness of the ever-growing issues that fossil fuels provide to the Earth.
In Europe, EIB holds the key to beginning a new era of eco-friendly investing. Bill McKibben, an author, and Schumann Distinguished Scholar in environmental studies at Middlebury College, Vermont, stated that on October 15, the EIB will meet to discuss whether they will continue to fund projects that assist in the growth of the fossil-fuel industry. This meeting could be Europe’s next big step in the war against fossil-fuels.
In 2018, the bank supplied companies in the gas and oil sector with €2.4 billion for projects. If the EIB decides to begin pulling funding from petroleum-based projects, it could pave the way for eco-friendly options to receive financial backing. The EIB’s staff has proposed an end to providing gas and oil companies with funding, a project that would go into effect in 2020. However, resistance is expected to be encountered by governments who still believe in the use of fossil fuels: Germany and Italy to name a couple.
Climate activists know that the first steps in beginning the phase-out period for the use of pollution-inducing petroleum projects is to cut funding. Without money, projects cannot flourish. A key factor in fighting the fossil-fuel sector is to stop funding projects that do not help our environment. With ocean levels rising and global temperatures reaching all-time highs, the time to act is now.
In the U.S., the climate movement is alive and well, but the issue is navigating the government away from projects that involve gas and oil companies. With the country’s current political climate, there seems to be little hope that climate activists will be able to make any significant changes before the 2020 election. But that doesn’t mean that companies and organizations are not making efforts to initiate a “greener” future. In September 2019, the University of California scrapped an $80 billion endowment for stocks that would support fossil fuels.
Whether looking at the world from a transportation or energy stance, it is clear that the future is electric. Oil and gas are becoming less and less convenient, especially for 800,000 homeowners in California’s Bay Area after Pacific Gas and Electric (PG&E) shut off power in an attempt to reduce the possibility of forest fires at the beginning of the windy Autumn season. Tesla CEO Elon Musk made every attempt to help alleviate some of the inconveniences for those who are still without power by offering a discount on the installation of solar and battery systems for residences. In addition, Musk announced that Tesla owners would be able to charge their vehicles with the help of Tesla Powerpacks that will be installed to Supercharger stations within the affected region.
The next few years will be a crucial time for the Earth, as scientists have suggested that a significant amount of effort is needed to fight the global climate crisis. The United Nations’ leading climate scientists have warned that we have 12 years to begin fighting climate issues seriously, or there could be major consequences. Generations to come will have an unlimited amount of issues to fight, such as water and food shortages if action is not taken soon. But the question that remains is this: Can we afford to test this theory? Scientists could be wrong in the estimations, but can humans take the chance?
Tesla just told us twice that the Model Y L is coming to the U.S., and two social media posts definitely just tipped the company’s hand, as if they wanted it to be any other way.
The two social media posts basically confirm that the slightly longer version of the Model Y will be heading to the United States soon, and many have speculated that the company could launch the vehicle as soon as this weekend.
The first post was directly from Tesla, and it showed an incredibly long Dachshund, with words above that said, “Looking forward to the long weekend.”
Looking forward to the long weekend pic.twitter.com/URzH6zOUdn
— Tesla (@Tesla) July 1, 2026
Anyone who knows Tesla knows the company loves to troll its fans and have fun, and this is a perfect example of that. While not a direct acknowledgement, Tesla is very involved on social media, especially CEO Elon Musk’s platform X, and the company is well aware of what is being discussed within the community.
With recent sightings of Model Y L test mules in California, peeks of the vehicle at Giga Texas, and a large call for the car to come to the U.S., Tesla is simply stoking conversation with this.
However, the company also made another move that was recognized on social media. Tesla has a large gallery that includes photos of its products so media and others can use them. This gallery applies to the U.S. market specifically, unless otherwise specified.
Tesla uploaded a Model Y L to the Gallery last night:
This looks like a Model Y L https://t.co/TpnBwrLmH9
— TESLARATI (@Teslarati) July 2, 2026
This seems to be another indication that the Model Y L is coming to the United States.
Musk said last year that the Model Y L could make its way to the United States late this year, but it was not something that was set in stone by Tesla. The company definitely needs to establish something in the SUV market that is larger than the Model Y, and the Model Y L might be the answer.
Even still, there are consumers out there who would love Tesla to develop something even larger, like a competitor to the Tahoe or Expedition. Tesla has not really given much of an indication that it will go in that direction.
Tesla is using the vehicles’ internal microphones to improve build quality, Vice President of Engineering Lars Moravy revealed recently.
It’s no secret that Tesla is always finding ways to make its manufacturing operations more efficient, accurate, and valuable. Constantly trying to make its cars better, the company has never placed any restrictions on what it will do to improve everything from panel gaps to paint.
As Teslas have been driving autonomously on the property of the Gigafactory Texas plant for a while now, Moravy revealed to Herbert Ong in a new interview that cars rolling off production lines now autonomously navigate themselves through a bumps, squeaks, and rattles (BSR) portion of the line. This helps to identify any loose or improperly installed internal parts.
The cabin’s microphones, which are used for a variety of things in ownership, simultaneously monitor any noises inside the vehicle while it rolls through the BSR portion of the production line. Moravy actually revealed that Tesla is trying to build “Full Self-Hearing,” an AI system that will detect minor imperfections so they can be corrected before delivery.
It’s no secret that build quality is something that Tesla struggled with as it scaled to a fully massive production operation that manufactures over 1.6 million vehicles per year. However, in recent years, especially, there have not been as many complaints. Tesla has truly improved upon its build quality and paint quality over the past several years, especially in the U.S.
Tesla’s ‘megacasts’ are key to massive build quality improvements
While those improvements have been evident, there are still some complaints; no automaker is perfect with this. But this step will now ensure that every single car that rolls off the production lines at Gigafactory Texas will be void of any creaks, squeaks, or squeals when it leaves the factory.
This measure is one of the most unique we’ve seen in terms of a strategy to avoid build quality issues, but it is not exclusive to Tesla.
Ford uses acoustic analysis AI to find abnormalities in seat motors, climate control units, and other components. Suppliers and OEMs will also use microphone arrays or particle velocity sensors in end-of-line stations.
The full interview with Lars Moravy is available below:
🚨 If you’re a Tesla investor, this is one interview you don’t want to skip. The full video posted below.
Jeff Lutz @thejefflutz and I sat down with Tesla VP of Engineering Lars Moravy, and it was packed with insights!
A few of the biggest takeaways:
• Cybercab is expected to… pic.twitter.com/fhYSr2dCqP
— Herbert Ong (@herbertong) July 1, 2026
Investor's Corner
Tesla crushes Wall Street expectations, beats delivery estimates by over 15 percent
Tesla (NASDAQ: TSLA) beat Wall Street expectations of 406,000 vehicles delivered in Q2 by reporting 480,126 deliveries for the three months ending in June.
Tesla reported it delivered 467,762 Model 3 and Model Y units, while 12,364 Model S, Model X, and Cybertrucks switched hands during the quarter. The Model S and Model X were officially sunset this past quarter and will no longer be part of the company’s Production & Delivery reports moving forward.
🚨 BREAKING: Tesla delivered 480,126 vehicles in Q2, ANNIHILATING Wall Street expectations of 406,000. Production was reported at 451,758.
Deliveries:
Model 3/Y: 467,762
Other Models: 12,364Production:
Model 3/Y: 442,936
Other Models: 8,822 https://t.co/TTHwQAsKt8 pic.twitter.com/7qI4Zj6FE5— TESLARATI (@Teslarati) July 2, 2026
The quarter is a pleasant surprise and a good rebound from Q1, when Tesla slightly missed the Wall Street consensus of 365,645 cars by reporting 358,023 deliveries for the first three motnhs of the year.
Energy storage deployments also provided some strength in Tesla’s delivery report, hitting 13.5 GWh for Q2. This is a particular division of Tesla’s business that has been overwhelmingly robust over the past few years, truly being a strong point of the company’s overall model.
For the year, Tesla analysts still predict deliveries to trend in the 1.69 million unit region, a modest 3 to 5 percent increase from the 1.64 million cars the company delivered last year. Tesla will likely return to more sequential and noticeable year-over-year growth as the Cybercab project starts to ramp up considerably in the next few years.
Tesla has some other potential catalysts to spur vehicle deliveries, too. Not only is it expecting Cybercab to truly start making a change in the next few years, but other vehicles could be entering the company’s lineup.
Tesla sends production Cybercab with no steering wheel, pedals to on-road testing
The slightly longer Model Y L has been a highly speculated release candidate in the U.S. It has already done incredibly well in China, and U.S. buyers have been wanting slightly more interior space than the Model Y. Now that the Model X is gone, it is more needed than ever.
Q2 highlights a pretty stable automotive division within Tesla, and no true concerns arise from these figures, especially considering it managed to beat expectations convincingly.
Tesla just told us twice that Model Y L is coming to the U.S.
Tesla is using vehicle microphones to improve build quality: here’s how
