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What will happen to Obama’s National EV Charging Corridor initiative?
As part of an eight year commitment to combat climate change, increase access to clean energy technologies, and reduce U.S. dependence on oil, the Obama administration unveiled a series of executive actions to establish 48 national electric vehicle (EV) charging corridors on U.S. highways. But will the proposed EV charging corridors, which were announced in early November, 2016, stand up to the formidable will of Donald Trump’s transitional head of the EPA, Myron Ebell?
Ebell is director of the Center for Energy and Environment at the conservative Competitive Enterprise Institute and is the lead voice of U.S. climate deniers. He chairs the Cooler Heads Coalition, which comprises over two dozen non-profit groups in this country and abroad that question global warming “alarmism” and oppose “energy rationing” policies. Ebell’s role on the Trump team has been interpreted by many, including Scientific American, National Geographic, and the New York Times, as a sign that the next administration will be looking to drastically reshape the climate policies that the EPA has pursued under the Obama administration.
Since President Obama took office, the number of plug-in EV models has increased from one to more than twenty, battery costs have decreased 70 percent, and the number of EV charging stations has grown from less than 500 in 2008 to more than 16,000 in 2016. Described as “creating a new way of thinking about transportation that will drive America forward,” the National Electric Vehicle Charging Corridors on U.S. Highways initiatives were intended to create 48 designated EV routes which would cover nearly 25,000 miles in 35 states.
The National Electric Vehicle Charging Corridors on U.S. Highways initiative is part of a larger Obama administration plan to lower EV purchase costs through increasing automotive manufacturers’ demand. By promoting EV innovation and adoption and expanding the national EV infrastructure, the Obama administration has fostered a climate in which more than $1 million and 1,211,650 gallons in potential annual fuel savings could be accrued. However, Trump has indicated that his administration will work to remove EPA environmental regulations as a way of allowing American business to thrive.
Trump consistently has been vocal in his skepticism of climate change science, which calls for the shift in U.S. fuel consumption to alternative sources like decentralized electricity.
While on the campaign trail, Trump had focused on lifting restrictions on oil and gas instead of looking to U.S. clean energy and an eventual reduction of reliance on fossil fuels. Trump stated that lifting fossil fuel restrictions would increase GDP by more than $127 billion, add about 500,000 jobs, and increase wages by $30 billion each year over over seven years. Those figures come from the Institute for Energy Research, a nonprofit that advocates for a free-market approach to energy and claims there is an “enormous volume of sensationalized, simplistic and often plain wrong information” on climate change.
“This is not academic research and would never see the light of day in an academic journal. The pioneering research … from years ago is rarely employed any more by economists,” said Thomas Kinnaman, chair of the Economics Department at Bucknell University, who reviewed the IER report. Kinnaman’s analysis was confirmed by Peter Maniloff, assistant professor of economics at the Colorado School of Mines, who said the IER study is based on a questionable assumption. “The IER report assumes that policy restrictions are the major factor holding back coal, oil, and gas production.” He went on to describe the rationale as more to do with straightforward economics,” he said. “Domestic oil drilling on available land has dropped by three-quarters since 2014 due to low prices.”
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Another area in which the Obama administration sought to promote EV clean energy was the release of up to $4.5 billion in loan guarantees to support commercial-scale deployment of innovative EV charging facilities. In support, nearly 50 industry members signed onto a “Guiding Principles to Promote Electric Vehicles and Charging Infrastructure” agreement. Thirty-eight new businesses, non-profits, universities, and utilities committed to provide EV charging access for their workforces, with 24 state and local governments partnering with the Administration to increase the procurement of EVs in their fleets.
Investment in such a robust network of charging facilities contradicts energy policy promoted by Ebell, who has said that “a lot of third, fourth and fifth rate scientists have gotten a long ways” by embracing climate change. He frequently mocks climate leaders like Al Gore and has called the movement the “forces of darkness” because “they want to turn off the lights all over the world.”
Ebell has been a voice in the ear of Congress with his opposition to President Obama’s Clean Power Plan. This is a series of policy initiatives designed to lower emissions from fossil fuel generating plants, particularly those that still rely on coal to generate electricity. The United States Department of Transportation (DOT) would be the liaison among the administration, states, localities, and the private sector for the EV corridors. Already, 28 states, utilities, vehicle manufacturers, and change organizations have committed to accelerating the deployment of an EV charging infrastructure on the DOT’s corridors. The goal is that these initial corridors would serve as a basis for “coast to coast zero emission mobility on our nation’s highways.”
Obama caricature [Source: globalwarming.org]
Earlier, Ebell had written a blog post stating that the Obama administration’s Existing Source Performance Standards contained within the Clean Power Plan were “colossally costly” and “obviously illegal.” His post includes the mashup of President Obama.
To ascertain optimal national EV charging deployment scenarios, including along DOT’s designated fueling corridors, the United States Department of Energy (DOE) is in the midst of conducting two studies. Developed with national laboratories and with input from a range of stakeholder, the first is a national EV infrastructure analysis that identifies the optimal number of charging stations for different EV market penetration scenarios. The second will provide best practices for EV fast charging installation, including system specifications as well as siting, power availability, and capital and maintenance cost considerations.
The future of U.S. coast to coast zero emission mobility on our nation’s highways is in serious jeopardy with President Trump in the White House.
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SpaceX (NASDAQ: SPCX) reported a beat in revenues and EBITDA in its first earnings call report while also minimizing losses as its business continues to gain momentum.
After its IPO in July, SpaceX saw some tough losses on Wall Street due to a major selloff after a delay in its 13th Starship test flight. The ship launched later that week and completed what was arguably the most successful IFT operation in the Starship program’s history.
Nevertheless, the company is continuing on and reported some encouraging financials while also promoting what appears to be a robust outlook moving forward in its Space, AI, and Connectivity divisions.
SpaceX to report first-ever earnings today: here’s what to expect
Earnings Results
- Revenues: $7.8 billion reported vs. $6.7 billion expected
- Adjusted EBITDA: $3.5 billion vs. $2 billion expected
- Net loss of $541 million, an improvement of $467 million from net loss of $1.0 billion
Additionally, CFO Bret Johnsen had these comments:
“2026 has been a momentous year so far, and the second quarter demonstrated the true power of SpaceX. Revenue growth accelerated across all our business segments and we delivered strong operating leverage, with significant margin expansion led by our new AI compute agreements. Our unparalleled leadership in launch, Starlink subscriber growth, new enterprise and government partnerships, and best-in-class AI infrastructure underscore our ability to drive meaningful scale and deliver attractive returns. As a newly public company, we are delighted to welcome our broad base of shareholders and bondholders. We ended the second quarter with $100 billion of cash, cash equivalents, and marketable securities, and $47.5 billion in backlog. This financial strength gives us substantial capacity to invest in Starship, Starlink Broadband and Mobile satellites, and our AI platform, while maintaining a disciplined long-term capital allocation framework.”
Space Business Highlights
SpaceX shared some of its biggest Space Business Highlights for Q2:
- Space revenues grew 55% sequentially and 29% year-over-year to $962 million, driven by a higher number of large customer launches and a favorable customer shift compared to the prior year
- Total costs and expenses for the Space segment were up by $389 million year-over-year, as we continued to accelerate R&D investments in our Starship program, which we believe will reduce the cost to orbit by 99% or more relative to the historical average, and unlock significant revenue potential across all business segments
- Leading launch provider for the world with 78 launches and 1,041 metric tons of mass to orbit deployed over the six months ended June 30, 2026, primarily allocated to Connectivity for the deployment of our Starlink constellation
- Starship V3 development continued to advance towards full and rapid reusability:
- Completed Starship V3’s first suborbital mission in May, Flight 12, which achieved a successful lift off from our new Starbase pad, a precision landing of Starship’s upper stage, and deployment of modified V2 Starlink satellites
- Subsequent to the second quarter, completed Starship Flight 13 in July, which achieved all flight objectives including deploying 20 production V3 satellites, demonstrating in-space relight of a Raptor engine, and executing the softest ever splashdown of Starship, providing critical views of an intact heatshield
SpaceX will report its earnings today at 4:30 P.M. EDT.
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Elon Musk issued a second pointed warning to SpaceX short sellers on Tuesday, just hours before the company was set to release its first quarterly earnings as a publicly traded firm. Responding to a report highlighting elevated short interest, Musk wrote on X: “I try to warn them, but they just double down …”
The comment came as data from S3 Partners showed roughly 95 percent of available SPCX shares to borrow were on loan, translating to about 34 percent short interest as a percentage of the float. The stock has traded under pressure since its record-breaking IPO in June 2026, declining significantly from early peaks.
I try to warn them, but they just double down … 🤷♂️
— Elon Musk (@elonmusk) August 4, 2026
This marks the second such message from Musk in under three weeks.
On July 17, amid post-IPO volatility, he stated: “The survival probability of firms who maintain a significant short position in SpaceX over time is very low.” At that time, SPCX had fallen roughly 30 percent from its peak above a $2.6 trillion valuation, with short sellers reportedly realizing gains of about $8.7 billion.
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Musk’s warning aligned with optimistic analyses projecting that Starship-driven cost reductions could enable a multi-trillion-dollar space economy through applications such as orbital solar power, asteroid mining, data centers, and Mars-related projects, positioning SpaceX as critical infrastructure.
SpaceX is scheduled to report second-quarter results after the market close later today, followed by a webcast. Analysts anticipate revenue near $6.9 billion, reflecting growth in Starlink, launch services, and AI-related segments. The earnings release precedes a major lockup expiration on August 6 that could free hundreds of millions of insider shares.
Musk has a long track record of confronting short sellers, particularly regarding Tesla, where he has argued that persistent bearish positions underestimate transformative technologies. Critics view his optimism as overly ambitious given near-term stock fluctuations, while supporters see temporary dips as opportunities in a longer-term expansion of the space economy.
As SpaceX opens its books to public scrutiny for the first time, the high short interest and Musk’s repeated cautions set the stage for heightened market attention on the results and management’s commentary.
Tesla’s AI lead Ashok Elluswamy doubled down on the company’s strategy regarding Full Self-Driving’s speed settings, and owners are definitely confused.
Earlier versions of Full Self-Driving allowed owners to set a max speed that the vehicle could travel while operating under the semi-autonomous driver assistance platform. This allowed more customization for the driver, giving them the ability to experience FSD’s robust performance with their own personal preferences.
Speed is massively important for obvious reasons — it’s not only a question of keeping the vehicle occupants comfortable by traveling at a safe speed, but it’s also something that could contribute to a ticket or infraction from law enforcement.
With the release of FSD v14 last year, Tesla removed the ability to set a max speed and instead opted for five Speed Profiles, ranging from “Sloth,” the most conservative, to “Mad Max,” the most aggressive and spirited. These profiles not only control speed, but also how frequently the vehicle will execute passes, perform lane changes, and other contributing factors.
The removal of the Max Speed setting was a major complaint amongst the Tesla community because it left owners scrambling for a way to experience suitable behaviors while traveling at an appropriate speed. Most felt the driving profiles would be a good indicator of the behaviors, while speed would still be left up to the discretion of the driver.
Instead, Tesla’s Speed Profiles determine both, and the constant tinkering of how they behave has been a major bottleneck and point of confusion for both owners and the company. From update to update, the Speed Profiles will change, sometimes more drastically than others. Some owners have complained that the “Standard” profile is too fast, while others have experienced “Mad Max” traveling below the speed limit:
What has happened to Mad Max?
At one point it was going 32 in a 35. Traffic ahead had pulled away considerably https://t.co/bjKvaMVTNX pic.twitter.com/aaZSWmLu5v
-— TESLARATI (@Teslarati) January 24, 2026
These things change with each update, but the big complaint is that owners are on the hook for any tickets that come from FSD’s infractions; that’s the caveat of the suite being named FSD (Supervised). It ultimately means the driver is responsible, and the automaker has no liability when it comes to speeding tickets or general traffic infractions.
It is the driver’s responsibility to take over or adjust based on this.
Elluswamy essentially confirmed that there are no plans to bring back Max Speed control, because it is what he referred to as “an anti pattern.” He then echoed something that CEO Elon Musk has started to really push with FSD, and that’s the idea that Tesla is really honing in on the preferences of the driver.
Max speed control is an anti pattern.
We are working on better learning of user’s implied preferences.
— Ashok Elluswamy (@aelluswamy) August 3, 2026
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Owners were confused by Tesla’s decision, stating that there must be a better way, especially considering disengagements for incorrect speeds are common:
This…. is not the way
— Kyle Conner (@itskyleconner) August 4, 2026
😭 I appreciate this mentality ! But currently the no.1 reason I disengage in Australia is incorrect speed zones.
— Ryan’s Model Y (@ryanjaycowan) August 3, 2026
This is fine but you need to start accepting liability for speeding tickets then. https://t.co/lyCgdA83gQ
— Jeremy Judkins (@jeremyjudkins_) August 4, 2026
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Okay https://t.co/nOvoXQkNg1 pic.twitter.com/jGRtF2xtox
— Chad Moran (@ChadMoran) August 3, 2026
From personal experience and using FSD for over 72 percent of my driving miles since v14 was released late last year, I make Speed Profile adjustments constantly. If FSD is traveling a tad too quickly, I will scale it back, and if it’s too conservative, I’ll make it more aggressive.
I don’t complain about making the Speed Profile changes too frequently, but it would certainly be nice to have it happen less frequently. There are far too many times I am concerned about getting a ticket, even in Standard mode.
The biggest issue for me, personally, which seems to be echoed throughout the community, is the fact that Tesla’s goal is to minimize disengagements. Many drivers are stating that speed is a major reason for disengagements.
However, Tesla is not willing to bring back this one level of input because it would technically be a regression.
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Whether it’s right or wrong in your opinion, it is what Tesla is going with, and it seems like it has pivoted quite a bit from its other strategies for minimizing interventions by pushing its AI to behave in a way that would fit the occupant’s personal preferences.
SpaceX reports beat in first earnings while minimizing losses
Elon Musk sends second warning to SpaceX shorts ahead of first earnings
