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.
Investor's Corner
Tesla gets its latest short from Michael Burry: ‘Happy it jumped back to this level’
Tesla short seller Michael Burry, the subject of the film “The Big Short,” where he was portrayed by Steve Carell, has revealed he has opened a new bet against the stock.
In a new update to his Substack newsletter in a post titled “Trading Post June 30, 2026,” Burry revealed a new set of bets against Tesla, Caterpillar, NVIDIA, Applied Materials Inc., and the iShares Semiconductor ETF.
In regard to Tesla, Burry wrote:
“And finally I shorted Tesla at 416.22. Happy it jumped back to this level.”
This means Burry likely opened his new short position after the company’s recent rally on Wall Street, which saw Tesla shares sink in mid-May, only to recover to well over the $400 mark. Currently, shares trade at around $427.
The company saw a big Tuesday as shares climbed considerably, over 10 percent. The size of the Tesla short was not provided, nor did Burry give any information on the position’s structure, the number of shares, dollar value, or whether options were used in the short.
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Over the years, Burry has been one of the more vocal critics of Tesla, calling its share price “media inflated,” and saying it was “ridiculously overvalued” as recently as December.
The company has largely transitioned away from being known as an automotive company and instead is much more widely regarded as an AI play, mostly due to its Full Self-Driving efforts, Optimus robot development, and data collection related to both.
This has not pulled those skeptics away from being vocal about their distaste for how Tesla is valued, but there’s no denying that the company is a global force in many things, including sustainable energy, automotive, and AI.
Wedbush Securities is initiating stock coverage on SpaceX (NASDAQ: SPCX), marking the first comments on the company since it went public several weeks ago. Wedbush and its analyst handling coverage, Dan Ives, are widely bullish on fellow Musk company Tesla (NASDAQ: TSLA).
Ives wrote his first note initiating coverage of SpaceX shares on Wednesday with a $190 price target and an ‘Outperform’ rating. The firm believes the company is well positioned off of its IPO because of its wide array of projects, including AI compute power and infrastructure, connectivity projects, and launches.
“We view SpaceX as one of the most differentiated assets within the tech market with a strong footprint across its three core markets, with Starlink driving success with connectivity,” Ives wrote, “Starship launches leading to a demand flywheel and increasing deal flow for its Colossus clusters.”
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Wedbush leans heavily on Starlink, which they say is the “profitability driver given the strength of its recurring revenue base of ~12 million subscribers as of June 5th.” Ives believes Starlink is still in the “early innings” of penetrating the global telecommunications and broadband market, as it only holds less than a 1 percent share. However, this number is sure to increase over time.
It also highlights the importance of Starship, which it says is an “essential layer” of SpaceX’s overall success. SpaceX developing and displaying the ability to reuse rockets is a major cost and reliability advantage “as it reduces the necessary hardware launch costs while generating a feedback loop for future flights to improve their launch flight rate without accelerating capex spend.”
Finally, SpaceX’s recent AI/Compute projects are also very elementary, Ives writes. It is worth mentioning Wedbush said its $190 price target is derived from a valuation forecast that sees the company yielding roughly $2.48 trillion of implied enterprise value.
There are also some factors that Wedbush did not take into account with its initial coverage. The firm wrote in the note:
“We note that there is optional value coming from Starship’s accelerating scale towards sub-$200/kg unit economics, orbital data centers, and enterprise AI monetization as these factors could drive meaningful upside but these face major hurdles, so we do not take that into account with our valuation.”
SpaceX shares are down just over 2 percent today, trading at around $167 at the time of publication.
Tesla has expanded the footprint of a massive safety feature worldwide with a recent Software Update labeled as 2026.20.6. The expansion of the “Blind Spot Warning While Parked” feature represents the more widespread availability of the feature, which aims to prevent “dooring.”
Dooring is when a driver or passenger opens a car door into the path of an oncoming road user, usually a cyclist or motorcyclist. It is among the most common types of cycling accidents, the League of American Bicyclists says.
For this reason, Tesla created a feature that warns occupants not to open the door because an object is approaching. The feature will sound a chime, and it will also delay the opening of the door to prevent an incident.
The release notes state (via Not a Tesla App):
“If you attempt to open a door while an approaching object is detected in your blind spot (for example, a bicyclist approaching from behind) a chime sounds, and your door will not open upon initial button press. Wait a short time and press the button a second time to override the warning.”
Tesla initially rolled out this feature back in 2024 with the Model 3 “Highland.” However, it remained with the Model 3 exclusively for over a year; that was until Tesla added it to the Cybertruck this past Spring.
Now, it is making its way to the new Model Y, 2021 and newer Model S, and 2021 or newer Model X.
The prevention of dooring incidents could eliminate many injuries to cyclists, especially in an urban setting. Dooring accounts for 10-20 percent of bike-related crashes in major cities, and over 17,000 dooring-related incidents were treated in the U.S. over the course of a decade. These usually involve fractures, contusions, and head trauma.
Tesla gets its latest short from Michael Burry: ‘Happy it jumped back to this level’
SpaceX gets initial stock coverage from Tesla’s biggest bull
