General Motors has officially launched the GMC Hummer EV, the veteran automaker’s answer to the Tesla Cybertruck, the Rivian R1T, and the upcoming Ford F-150 Electric. A look at the features and specs of the massive all-electric truck shows that GM means business.
At first glance, the Hummer EV looks every bit like its namesake, which, ironically enough, was one of the vehicles that ushered in the extinction of the EV1, GM’s modern electric car. It’s a behemoth of a vehicle like Hummers of years past, and it exudes toughness from the ground up. The Hummer EV has an intimidating stance, making it evident that GM is looking to establish the vehicle as a formidable force in the all-electric pickup truck market.
The Hummer EV will be offered in four trims: the Edition 1, the EV3X, the EV2X, and the EV2. The rollout of the vehicle will be done in four phases too, with the Edition 1 rolling out next year and the rest of the lineup being released at a later date — some at a significantly later date.
Hummer EV Edition 1
The Hummer EV Edition 1 will be equipped with three electric motors that provide the vehicle with 1,000 horsepower and 11,500 pound-feet of torque. The vehicle is fitted with a 200-kWh Ultium battery pack, giving it an estimated range of over 350 miles per charge. Fast charging is supported up to 350 kW thanks to its 800-volt architecture, allowing the Hummer EV to gain 100 miles of range in just 10 minutes.
Performance-wise, the Hummer EV Edition 1 is not a slouch, with GM stating that the all-electric truck will be capable of going from 0-60 mph in just 3.0 seconds thanks to a driving mode that the veteran automaker calls “Watts to Freedom.” The Hummer EV’s massive size does not mean that it’s not nimble either, with GM releasing the vehicle with 4-wheel steering features and a “Crabwalk” function, which would help the truck navigate tight spaces.
Other unique goodies are available on the Edition 1, which as an “Infinity Roof” with modular, transparent sky panels, unique badging in the interior, and a white exterior.
The Hummer EV Edition 1 starts at $112,595.
Hummer EV3X
After the Edition 1 rolls out next year, the Hummer EV3X will be released in the fall of 2022. The EV3X, just like the Edition 1, will be fitted with three electric motors, but it is estimated to have only 300+ miles of range per charge. While the vehicle is not listed with the Edition 1’s “Watts to Freedom” driving mode, it is still an impressive truck with 800 horsepower and 9,500 lb-ft of torque.
Features like Crabwalk, adaptive air suspension, torque vectoring, “Adrenaline Mode,” 4-wheel steering, and GM’s SuperCruise are standard on the Hummer EV3X.
The Hummer EV3X starts at $99,995.
Hummer EV2X
The Hummer EV2X is expected to be available on Spring 2023. Unlike the EV3X and the Edition 1, the Hummer EV2X will only be equipped with two electric motors that enable 625 horsepower and 7,400 lb-ft of torque. Similar to its EV3X sibling, the EV2X is estimated to have a range of 300+ miles per charge.
The EV2X is still quite robust with features, with still having features like Crabwalk, 4-wheel steering, and an adaptive air suspension system that allows the truck to navigate tricky, off-road terrain. It does, however, not have torque vectoring features.
The Hummer EV2X starts at $89,995.
Hummer EV2
The base Hummer EV2 will not be available until Spring 2024, making it over three years away. Like the EV2X, the EV2 has two electric motors that produce 625 horsepower and 7,400 lb-ft of torque. Despite its entry-level status, the Hummer EV2 is still well-equipped with features as well, including Supercruise, an “Adrenaline Mode” and 22″ wheels with 35″ tires.
The EV2, however, has the least range in the Hummer EV lineup, with the vehicle having a rather conservative 250+ miles of range per charge. It also lacks some key features that make the EV2X, EV3X, and Edition 1 very compelling, such as Crabwalk, adaptive air suspension, and 4-wheel steering.
The base Hummer EV starts at $79,995.
Watch GM’s unveiling of the Hummer EV in the video below.
Elon Musk
SpaceX (SPCX) IPO is live today at $135: Here’s exactly what you need to know
SpaceX priced its historic IPO at $135 per share today, raising a record $75 billion.
SpaceX officially priced its initial public offering at $135 per share, offering 555,555,555 shares of Class A common stock and raising $75 billion in what is the largest IPO in stock market history. Shares are set to begin trading on the Nasdaq Global Select Market on Friday, June 12, under the ticker symbol SPCX. The previous record holder was Saudi Aramco’s 2019 offering at $29 billion, followed by Alibaba’s $22 billion offering in 2014.
At $135 per share and roughly 555.6 million shares, the implied valuation sits near $1.75 trillion, which would make SpaceX roughly the seventh largest company in the United States, just above Tesla’s current market cap. Regular investors can request shares at the IPO price through Robinhood, Fidelity, Charles Schwab, SoFi, and E*TRADE, though the deal is heavily oversubscribed and most retail allocations will be partial or unfilled. Once trading opens June 12, anyone with a brokerage account can buy SPCX on the open market.
SpaceX’s amended S-1 is sparking a major Tesla merger conversation
The valuation is anchored primarily by Starlink. Starlink crossed 10 million subscribers as of February 2026 and is adding 750,000 to 1.5 million new users per month, with the connectivity segment already posting a $1.19 billion profit last quarter. The offering also bundles in xAI following SpaceX’s all-stock merger earlier this year, adding Grok and the Colossus supercomputer to the investment thesis. As Teslarati reported, Starlink ended 2025 with $10 billion in revenue, a figure analysts project could reach $24 billion by end of 2026.
Wedbush analyst Dan Ives has been vocal in his support. “I think the time is right,” Ives said, adding that the offering expands the Elon Musk ecosystem rather than competing with Tesla. An average 12-month price target of $165 per share represents roughly 22% upside from the IPO price. Not everyone agrees – Motley Fool noted xAI is spending $1 billion per month playing catch-up to OpenAI and Anthropic.
Musk founded SpaceX in 2002 with a single stated purpose. “Elon founded SpaceX with a goal to change humanity, to make us a multi-planet species,” CFO Bret Johnsen said in the company’s retail roadshow video this week. Musk himself has been more direct: “We are building the systems and technologies necessary to provide global connectivity on Earth and beyond, to understand the true nature of the universe, and to extend the light of consciousness to the stars.”
Investor's Corner
Tesla unfolded its first European “folding Supercharger”
Tesla’s folding Supercharger just arrived in Europe and it changes how fast charging expands.
Tesla’s Folding Unit Supercharger has officially landed in Europe, with the company teasing a new installation in its effort for a broader rollout targeting major motorway rest stops across the European continent in Q3 2026. The arrival marks a notable shift in how Tesla is thinking about network expansion, moving from hardware performance alone to engineering the logistics chain itself.
While Tesla did not reveal the exact location for the new folding Supercharger in Europe, the photo shared on X heavily suggests that this maybe somewhere in Norway. Historically, whenever Tesla rolls out an entirely new infrastructure architecture in Europe, whether it was the original Supercharger stalls years ago or these brand-new modular V4 “Folding Units”, Norway is almost always the designated launch pad because of its unmatched EV adoption rate and supportive infrastructure
The Folding Unit, introduced in March 2026, is a factory pre-assembled V4 charging station built on an industrial hinge system mounted to a heavy-duty concrete base. The entire assembly arrives on site ready to unfold and connect. Tesla confirmed the units feature telescopic light poles specifically designed for easy transportation and fast on-site deployment, a detail that signals how carefully the logistics chain has been engineered alongside the hardware itself. The design allows 33% more stalls per delivery truck, cuts installation time roughly in half, and reduces overall deployment costs by more than 20% compared to traditional installations.
Tesla’s newest “Folding V4 Superchargers” are key to its most aggressive expansion yet
Tesla also noted telescopic light poles which provide benefits over traditional Supercharger installations that require fixed-height poles that are awkward to ship, slow to position on site, and often require separate crews and equipment to erect before charging hardware can even be staged. By engineering poles that compress for transit and extend on arrival, Tesla has removed one of the quieter bottlenecks in the physical deployment process. Every hour saved on a light pole installation is an hour redirected toward getting stalls energized. At scale, across dozens of new sites per quarter, those hours add up to a meaningful acceleration in how quickly a location goes from approved permit to serving its first customer.
Each Folding Unit pairs a single V4 power cabinet with eight charging posts. The V4 cabinet delivers up to 500 kW per stall for passenger vehicles and up to 1.2 MW for the Tesla Semi, supporting twice the stalls per cabinet at three times the power density of its predecessor. Longer cables make every new station immediately usable by non-Tesla vehicles, a priority as Tesla continues opening its network to Ford, GM, Rivian, Hyundai, Stellantis, and others.
As Teslarati reported when the Folding Unit was first unveiled, Tesla’s Gigafactory New York produced its final V3 Supercharger cabinet in March 2026 after more than seven years and 15,000 units, completing a full pivot to V4 production. The European arrival of the folding design is the next chapter in that transition.
Faster and cheaper deployment means Tesla can justify building in markets and corridors that were previously too expensive to serve, filling the coverage gaps that have slowed EV adoption outside major urban centers.
First Folding Unit Superchargers in Europe 🇪🇺 https://t.co/KNfYWJukkL pic.twitter.com/YR1udIpH1i
— Tesla Charging (@TeslaCharging) June 10, 2026
Tesla has stunned by gaining yet another approval for its Full Self-Driving suite in Europe, its second in two days and its fifth overall.
Belgium will be the latest country to allow Tesla owners to utilize FSD on public roads in Europe, joining a quickly growing list that started with the Netherlands, Lithuania, and Estonia.
On Tuesday, Denmark announced its approval of the FSD suite, which has now been followed by Belgium just one day later.
The country’s Minister of Mobility, Annick De Ridder, announced the approval on her X account, stating that she had just signed the approval of Tesla FSD. It now goes to the country’s homologation department for the last step of the approval process.
De @Tesla community houdt hier al geruime tijd de vinger aan de pols over de toelating voor de FSD-technologie op onze Vlaamse en Belgische wegen.
Uit waardering voor jullie niet-aflatende interesse (en aanmoediging 😉), krijgen jullie hierbij de primeur: ik heb net de toelating… pic.twitter.com/Yrps4OHTj8— Annick De Ridder (@AnnickDeRidder) June 10, 2026
The Belgian approval is one of mighty importance because it truly shows how quickly countries in Europe could greenlight the FSD suite consecutively. Approvals are already coming in relatively quickly, which is a great sign.
Perhaps the next big development that could come from FSD approvals in Europe is an approval from a country like England, Italy, France, Spain, or Germany. It would be something to see how FSD would perform in a major European metro, such as London, Barcelona, Madrid, Paris, Rome, or Berlin.
Getting Full Self-Driving in Spain and England will be such huge milestones for Tesla. I am so excited to see how FSD performs in Madrid, Barcelona, and London, specifically.
The ultimate test will always be Mumbai or New Delhi. Excited for India’s eventual approval! https://t.co/paw9Ch1qmL pic.twitter.com/9RdDERVSSJ
— TESLARATI (@Teslarati) June 9, 2026
Full Self-Driving does an excellent job of roaming around major U.S. cities like New York and Los Angeles, but other high-profile international cities of significance would truly mark a line in the sand for Tesla, which can simply enable any vehicle in its customer-owned fleet to run FSD with the correct approvals.
SpaceX (SPCX) IPO is live today at $135: Here’s exactly what you need to know
Tesla unfolded its first European “folding Supercharger”
