News
Ford F-150 Lightning, Rivian R1T, Hyundai Ioniq 5 land on AutoTrader’s ‘Best New Cars for 2022’
Three of the electric automotive sector’s newest additions have landed on AutoTrader’s list of “Best New Cars for 2022.” The Ford F-150 Lightning and Rivian R1T, two of the EV sector’s freshest pickups, along with the Hyundai Ioniq 5 SUV, landed on the list, which featured the twelve best vehicles based on a team of experts “who collectively tested and ranked new models using a range of criteria.”
AutoTrader said in its release of the list that with so many great and competitive options on the market today, car buying is more confusing than ever. As the industry is beginning to shift toward a more pivotal role for electric cars, the list hand selects the twelve most competitive choices based on over 300 options.
“While electric vehicles, driver-assist technology, and fun, efficient, affordable gasoline-powered cars aren’t necessarily new things for car shoppers, the sheer amount of choices drivers now have really stands out as new for 2022,” Executive Editor for Autotrader Brian Moody said. “Automakers are building a wider variety of vehicle types with each passing year. A great example is electric vehicles – now there are many good all-electric cars in a variety of prices, shapes and sizes. In fact, one-third of our Best New Cars list this year is made up of electric vehicles, and two of those are trucks.”
Ford F-150 Lightning
(Credit: Ford Motor Company)
Perhaps the most anticipated EV release of this year will be the Ford F-150 Lightning. As the electric pickup sector begins to heat up with recent releases from GMC and Rivian, Ford, the undisputed leader of the American pickup truck sector, will have its say in what the best electric truck will be later this year. Deliveries are slotted for Spring 2022, and Ford opened the Order Bank for customers to finalize their trim packages in January. AutoTrader says:
“Combining the popularity of the F-150 pickup with the capability off an all-electric vehicle creates a real winner. With Ford’s Intelligent Backup Power, over-the-air software updates, and 11 power outlets available, this version of the F-150 is the perfect tool for both consumers and contractors. Bonus points for the large ‘Frunk.’”
Rivian R1T
(Credit: Rivian)
Rivian’s initial vehicle, the R1T pickup, technically started deliveries last year. However, 2022 is where the truck will really make its mark as the young and scrappy Rivian begins to ramp production of the R1T at its plant in Normal, Illinois. Rivian is backed by Amazon, which means their cash flow is basically limitless and they have backing from several other notable companies. The R1T is really the perfect outdoor truck as Rivian’s whole goal was to cater to those who love to adventure. AutoTrader says:
“Pickups and SUVs have been a sort of blind spot when it comes to electric vehicles, as their size and weight (and often the demands placed on trucks) make them poor candidates for all-electric power. But now, Rivian has opened that door. Like Tesla, Rivian isn’t a long-standing legacy automaker, yet it has created a very compelling electric vehicle that looks good and performs well. The Rivian R1T isn’t a concept or plan or a “someday” electric truck – it is here now making its way into consumers’ hands, and it is very good.”
Hyundai Ioniq 5
Credit: Hyundai
Hyundai is not necessarily too discussed in the EV sector, but the Ioniq 5 is certainly a vehicle worth talking about. The company has plenty of plans to expand its electrification footprint across the world. In 2028, Hyundai plans to have at least six new electric vehicles on the market in India. However, the company has discussed hydrogen technology as a possible route on several occasions, a move that many pure-EV enthusiasts will challenge on any occasion. AutoTrader says:
“Electric vehicles have matured beyond just traditional gasoline cars fitted for electric powertrains later in life. Now, cars like the Hyundai Ioniq 5 are purpose-built EVs designed to be electric from the very beginning. This matters because when you eliminate the need for a large gas tank and delete a huge chunk of metal from between the two front wheels, the designer is freer to make dramatically different choices in terms of the car’s overall look, interior space and technology. And our editors like the way the Ioniq 5 looks.”
The full list is available here.
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Elon Musk
Musk bankers looking to trim xAI debt after SpaceX merger: report
xAI has built up $18 billion in debt over the past few years, with some of this being attributed to the purchase of social media platform Twitter (now X) and the creation of the AI development company. A new financing deal would help trim some of the financial burden that is currently present ahead of the plan to take SpaceX public sometime this year.
Elon Musk’s bankers are looking to trim the debt that xAI has taken on over the past few years, following the company’s merger with SpaceX, a new report from Bloomberg says.
xAI has built up $18 billion in debt over the past few years, with some of this being attributed to the purchase of social media platform Twitter (now X) and the creation of the AI development company. Bankers are trying to create some kind of financing plan that would trim “some of the heavy interest costs” that come with the debt.
The financing deal would help trim some of the financial burden that is currently present ahead of the plan to take SpaceX public sometime this year. Musk has essentially confirmed that SpaceX would be heading toward an IPO last month.
The report indicates that Morgan Stanley is expected to take the leading role in any financing plan, citing people familiar with the matter. Morgan Stanley, along with Goldman Sachs, Bank of America, and JPMorgan Chase & Co., are all expected to be in the lineup of banks leading SpaceX’s potential IPO.
Since Musk acquired X, he has also had what Bloomberg says is a “mixed track record with debt markets.” Since purchasing X a few years ago with a $12.5 billion financing package, X pays “tens of millions in interest payments every month.”
That debt is held by Bank of America, Barclays, Mitsubishi, UFJ Financial, BNP Paribas SA, Mizuho, and Société Générale SA.
X merged with xAI last March, which brought the valuation to $45 billion, including the debt.
SpaceX announced the merger with xAI earlier this month, a major move in Musk’s plan to alleviate Earth of necessary data centers and replace them with orbital options that will be lower cost:
“In the long term, space-based AI is obviously the only way to scale. To harness even a millionth of our Sun’s energy would require over a million times more energy than our civilization currently uses! The only logical solution, therefore, is to transport these resource-intensive efforts to a location with vast power and space. I mean, space is called “space” for a reason.”
The merger has many advantages, but one of the most crucial is that it positions the now-merged companies to fund broader goals, fueled by revenue from the Starlink expansion, potential IPO, and AI-driven applications that could accelerate the development of lunar bases.
News
Tesla pushes Full Self-Driving outright purchasing option back in one market
Tesla announced last month that it would eliminate the ability to purchase the Full Self-Driving software outright, instead opting for a subscription-only program, which will require users to pay monthly.
Tesla has pushed the opportunity to purchase the Full Self-Driving suite outright in one market: Australia.
The date remains February 14 in North America, but Tesla has pushed the date back to March 31, 2026, in Australia.
NEWS: Tesla is ending the option to buy FSD as a one-time outright purchase in Australia on March 31, 2026.
It still ends on Feb 14th in North America. https://t.co/qZBOztExVT pic.twitter.com/wmKRZPTf3r
— Sawyer Merritt (@SawyerMerritt) February 13, 2026
Tesla announced last month that it would eliminate the ability to purchase the Full Self-Driving software outright, instead opting for a subscription-only program, which will require users to pay monthly.
If you have already purchased the suite outright, you will not be required to subscribe once again, but once the outright purchase option is gone, drivers will be required to pay the monthly fee.
The reason for the adjustment is likely due to the short period of time the Full Self-Driving suite has been available in the country. In North America, it has been available for years.
Tesla hits major milestone with Full Self-Driving subscriptions
However, Tesla just launched it just last year in Australia.
Full Self-Driving is currently available in seven countries: the United States, Canada, China, Mexico, Australia, New Zealand, and South Korea.
The company has worked extensively for the past few years to launch the suite in Europe. It has not made it quite yet, but Tesla hopes to get it launched by the end of this year.
In North America, Tesla is only giving customers one more day to buy the suite outright before they will be committed to the subscription-based option for good.
The price is expected to go up as the capabilities improve, but there are no indications as to when Tesla will be doing that, nor what type of offering it plans to roll out for owners.
Elon Musk
Starlink terminals smuggled into Iran amid protest crackdown: report
Roughly 6,000 units were delivered following January’s unrest.
The United States quietly moved thousands of Starlink terminals into Iran after authorities imposed internet shutdowns as part of its crackdown on protests, as per information shared by U.S. officials to The Wall Street Journal.
Roughly 6,000 units were delivered following January’s unrest, marking the first known instance of Washington directly supplying the satellite systems inside the country.
Iran’s government significantly restricted online access as demonstrations spread across the country earlier this year. In response, the U.S. purchased nearly 7,000 Starlink terminals in recent months, with most acquisitions occurring in January. Officials stated that funding was reallocated from other internet access initiatives to support the satellite deployment.
President Donald Trump was aware of the effort, though it remains unclear whether he personally authorized it. The White House has not issued a comment about the matter publicly.
Possession of a Starlink terminal is illegal under Iranian law and can result in significant prison time. Despite this, the WSJ estimated that tens of thousands of residents still rely on the satellite service to bypass state controls. Authorities have reportedly conducted inspections of private homes and rooftops to locate unauthorized equipment.
Earlier this year, Trump and Elon Musk discussed maintaining Starlink access for Iranians during the unrest. Tehran has repeatedly accused Washington of encouraging dissent, though U.S. officials have mostly denied the allegations.
The decision to prioritize Starlink sparked internal debate within U.S. agencies. Some officials argued that shifting resources away from Virtual Private Networks (VPNs) could weaken broader internet access efforts. VPNs had previously played a major role in keeping Iranians connected during earlier protest waves, though VPNs are not effective when the actual internet gets cut.
According to State Department figures, about 30 million Iranians used U.S.-funded VPN services during demonstrations in 2022. During a near-total blackout in June 2025, roughly one-fifth of users were still able to access limited connectivity through VPN tools.
Critics have argued that satellite access without VPN protection may expose users to geolocation risks. After funds were redirected to acquire Starlink equipment, support reportedly lapsed for two of five VPN providers operating in Iran.
A State Department official has stated that the U.S. continues to back multiple technologies, including VPNs alongside Starlink, to sustain people’s internet access amidst the government’s shutdowns.
Musk bankers looking to trim xAI debt after SpaceX merger: report
SpaceX launches Crew-12 on Falcon 9, lands first booster at new LZ-40 pad
