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.
Tesla stock (NASDAQ: TSLA) endured one of its sharpest single-day declines in years on July 23, tumbling approximately 14.5 percent and closing near $320 after opening the session around $374. The drop erased more than $140 billion in market value amid heavy trading volume and left the shares at multi-week lows.
The sell-off followed the company’s second-quarter 2026 results, released the previous evening. Tesla reported record revenue of $28.2 billion, up 26 percent year over year, driven by a Q2-record 480,126 vehicle deliveries. Energy storage deployments also rose strongly.
Tesla (TSLA) Q2 2026 earnings results: miss on EPS, beat on revenue
Yet profitability disappointed sharply. Operating income fell 57 percent to $398 million, compressing the operating margin to just 1.4 percent. Non-GAAP earnings per share came in at $0.33, well below the roughly $0.53 analysts had expected. Free cash flow turned negative by $1.1 billion as capital expenditures surged 142 percent to $5.8 billion, largely tied to accelerated spending on artificial intelligence, robotics, and autonomous systems.
The losses on capex were expected, as Tesla said it would be spending heavily in 2026.
Investors also reacted to lingering uncertainty surrounding key product timelines. During the Earnings Call, management reiterated ambitions for Robotaxi deployment and the Optimus humanoid robot, but offered limited new concrete milestones, renewing questions about execution pace that have long accompanied Tesla’s ambitious roadmap.
The magnitude of the decline places it among Tesla’s more severe one-day percentage losses since its 2010 initial public offering. Historically, the two largest single-day drops (split-adjusted) remain September 8, 2020, when shares fell 21.1 percent amid broader market volatility and valuation concerns, and January 13, 2012, with a 19.3 percent plunge during the company’s early growth struggles.
Other notable declines include an 18.6 percent drop on March 16, 2020, at the onset of pandemic-related market turmoil. Thursday’s move ranks roughly ninth on the all-time list but stands out as the steepest in more than a year.
Despite the short-term pain, Tesla’s long-term trajectory has repeatedly recovered from such volatility. The latest results underscore both the strength of its core automotive and energy businesses and the near-term costs of heavy investment in next-generation technologies.
Elon Musk clapped back at France’s decision to withhold the approval for Tesla’s Full Self-Driving (FSD) Supervised system, projecting a clear and blunt message to French Transport Minister Phillippe Tabarot, after he publicly rejected the technology in its current form.
Tabarot outlines several concerns with Tesla Full Self-Driving in a detailed video statement, where he said, “The safety trade-offs are not yet sufficient to authorize it as it currently stands,” he said. He emphasized that FSD is not a true self-driving system and that the driver remains fully responsible.
Key issues Tabarot also brought up included allowing speeding when surrounding traffic exceeds limits and what he believes are insufficient guarantees of driver attention during complex urban maneuvers such as lane changes, intersections, and roundabouts.
Delaying the approval of FSD in France will cost lives
— Elon Musk (@elonmusk) July 22, 2026
While acknowledging technological progress and France’s support for autonomous innovation, Tabarot stressed that deployment must prioritize road safety. He noted ongoing technical discussions with Tesla, the Netherlands, and other European partners, with further ecosystem meetings planned for the fall.
Musk’s rebuke highlights the human cost of regulatory caution. Tesla’s latest safety reports provide compelling data supporting accelerated adoption. In the most recent 12-month period, vehicles using FSD (Supervised) recorded one major collision per approximately 5.1 million miles driven, dramatically better than the U.S. national average of one crash per 698,000 miles.
Even Tesla vehicles driven manually with active safety features outperform the average by a wide margin. These figures come from billions of real-world miles of telemetry, showing FSD vehicles involved in far fewer incidents than both manual Teslas and the broader U.S. fleet.
Critics argue Tesla’s comparisons require careful scrutiny regarding reporting thresholds and fleet demographics, yet the data consistently positions FSD as a potential lifesaver. With road fatalities remaining a leading cause of death worldwide, Musk contends that proven safer technology should not face prolonged bureaucratic hurdles.
France’s measured approach reflects the broader European regulatory caution, which many, especially Musk, have been critical of in the past. However, as autonomous systems from Tesla and competitors like Waymo demonstrate superior safety in independent studies, pressure is mounting for harmonized approvals.
Musk’s warning carries the belief that every month of delay may equate to avoidable tragedies on European roads.
In a striking revelation that underscores the lucrative crossover between Big Tech and space exploration, Alphabet Inc., Google’s parent company, disclosed a massive $94.1 billion equity stake in SpaceX following the rocket company’s blockbuster initial public offering earlier this year.
The disclosure came in Alphabet’s quarterly filing, marking the first time the long-held private investment has been publicly valued at market prices. Google was an early backer, investing alongside Fidelity in 2015 with roughly $500-900 million at a time when SpaceX was valued around $12 billion.
That bet has delivered extraordinary returns, roughly a hundredfold, transforming a strategic play on satellite internet and launch capabilities into one of Alphabet’s largest assets.
Google, $GOOGL, has said they hold $94 billion in SpaceX, $SPCX, shares after IPO.
— unusual_whales (@unusual_whales) July 23, 2026
Of the total holding, approximately $80 billion remains subject to short-term post-IPO lockup restrictions, preventing near-term sales. An additional $14.1 billion faces longer-term restrictions, extending into the third quarter of 2027. This structure limits immediate liquidity but protects against market volatility as SpaceX transitions into public trading.
The SpaceX position contributed significantly to gains in Alphabet’s broader investment portfolio, which also includes a major stake in AI leader Anthropic. Combined, these holdings helped drive nearly $100 billion in investment gains during the second quarter, providing a substantial boost to net income amid ongoing AI spending pressures.
Analysts view the disclosure as validation of Alphabet’s venture strategy beyond its core search and cloud businesses. The investment aligns with deeper ties, including reported multi-billion-dollar deals for AI computing capacity on SpaceX infrastructure. As SpaceX advances Starship flights, Starlink expansion, and ambitious Mars goals under Elon Musk, Google’s stake positions it to benefit from the commercialization of space.
For Alphabet, the windfall highlights how patient, forward-looking bets in transformative sectors can yield outsized rewards. While lockups temper short-term impact, the holding cements SpaceX as a cornerstone of Alphabet’s diversified portfolio in an era where aerospace, AI, and connectivity increasingly intersect. Investors will watch closely as restrictions lift and SpaceX’s public performance unfolds.
Tesla stock tumbles after earnings, one of its sharpest single-day declines
Elon Musk is not happy about this Tesla Full Self-Driving approval delay
