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Jeep to release four EV models by 2025

Credit: Jeep

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During Jeep’s 4xe Day event, the brand announced it would introduce four new Jeep EV models by 2025.

Jeep and other American Stelantis-owned brands Dodge and Chrysler have been late to the electric vehicle market. Still, Jeep intends to change that by introducing four new all-electric models by 2025. In their 4xe event, they announced a fully electric Jeep Wagoneer, a Jeep Wrangler-inspired Jeep Recon (an all-new model name), a Europe-based Jeep Avenger (what has been previously teased as a Jeep Jeepster), and a slew of PHEV models that will come to North America.

 

After hemorrhaging money in paying for carbon credits, primarily in Europe, the American Stelantis brands are now introducing their first all-electric models as part of their 100% EV sales goal for Europe and 50% EV sales goal in the U.S. by 2030.

Jeep Wagoneer S EV

The first model shown in Jeep’s 4xe event was the all-new Jeep Wagoneer S EV. This electric rendition of the now incredibly popular Jeep Wagoneer offers far more angular styling and lighting and a series of aerodynamic upgrades to aid in the vehicle’s efficiency. Most notably, the Jeep Wagoneer EV now adopts a BMW X4 coupe styling as the back window is aggressively slanted, as a wing compliments the rear of the vehicle. Jeep shared a few specs for the Wagoneer S EV; the SUV would have ~400 miles of range (643.738 kilometers), 600 horsepower, and a 0-60 of ~3.5 seconds. No other specifications were released.

jeep grand wagoneer ev

Jeep Grand Wagoneer S EV (Credit: Jeep)

Jeep Avenger EV

Jeep’s Avenger, the first of two new model names announced, will be Jeep’s first all-electric offering in Europe and will be available early next year. The Jeep Avenger is the vehicle that has been inaccurately rumored to be the Jeep Jeepster, though it may come to the U.S. under that model name. The small crossover SUV is ideal for the European market and offers a playful look and feel. Similarly to the wagoneer, limited specifications were released, but the vehicle will have ~400 kilometers (248.548 miles) of range.

jeep avenger ev

Jeep Avenger EV (Credit: Jeep)

Jeep Recon EV

Finally, the Jeep Recon is the brand’s new serious all-electric off-roader. Inspired by the Jeep Wrangler, the vehicle has styling reminiscent of the Ford Bronco and Land Rover Discovery. Jeep gave no specifications for this vehicle, but the brand stated that it was focused on maximizing off-road capability, fun, and freedom. If built off of the Jeep Wagoneer EV platform, the vehicle would likely not be capable of the same 400-mile range due to its decreased aerodynamics and more capable suspension setup but could retain the incredible 600 horsepower.

jeep recon ev

Jeep Recon EV (Credit: Jeep)

Excitingly, Jeep only showed off three fully electric vehicles that would be introduced by the end of 2024, but they stated that the brand would release four. Some have speculated that the brand may be working on an electric truck model based on their Jeep Gladiator platform.

Overall, this is exciting news for the heritage brand! Jeep is one of a few brands attempting to infuse fun and enjoyment into each vehicle. With electric powertrains, their vehicles can become more fun and cleaner simultaneously, and it is good news that they have recognized this fact.

https://youtu.be/bQNxyMYXHmY

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What do you think of the article? Do you have any comments, questions, or concerns? Shoot me an email at william@teslarati.com. You can also reach me on Twitter @WilliamWritin. If you have news tips, email us at tips@teslarati.com!

Will is an auto enthusiast, a gear head, and an EV enthusiast above all. From racing, to industry data, to the most advanced EV tech on earth, he now covers it at Teslarati.

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Elon Musk

The Boring Company’s newest tunnel vehicle runs on Tesla parts and no one is driving it

The Boring Company’s new tunnel vehicle runs on Tesla Model 3 batteries and drive units.

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The Boring Company just introduced a new piece of hardware, and it runs on parts pulled straight from a Tesla showroom. Liner Truck 3, unveiled in a post from the tunneling company’s official X account, is an all electric vehicle built around Tesla Model 3 battery packs and drive units, purpose built to move concrete tunnel segments to the boring machine face without a single person underground.

The job itself is unglamorous but critical. Each precast segment run weighs more than 22,000 pounds, roughly the load of a full cement mixer, and Liner Truck 3 hauls that weight repeatedly between the surface staging area and wherever the Prufrock machine happens to be cutting.

The Boring Company said Liner Truck 3 is piloted remotely out of its Global Operations Control Center in Texas, extending the Zero-People-In-Tunnel approach the company has spent years building toward. An earlier version of a ZPIT liner truck was already tested at the company’s Bastrop, Texas research tunnels, and a factory tour released last month showed an employee flying a fully loaded liner truck with a PlayStation controller. Liner Truck 3 looks like the production version of that same idea, cleaned up and pushed into daily use.

The timing lines up with a company digging in more places than it ever has before. The Boring Company now has multiple Prufrock machines active or arriving in Nashville, where Music City Loop construction has been accelerating since February, and its Vegas Loop network keeps adding tunnel mileage on a near monthly basis. Every one of those projects depends on getting concrete segments to the cutting face fast enough to keep the boring machine from idling, which is exactly the bottleneck Liner Truck 3 is designed to remove.

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It also reinforces something Tesla owners have watched happen gradually across Musk’s companies: passenger car hardware finding a second life in heavy equipment. Model 3 drive units already move people through the Vegas Loop, and now the same components are hauling concrete underground in Nashville and wherever The Boring Company digs next. Whether that kind of component reuse extends further into TBC’s equipment lineup, or into other Musk owned industrial hardware, is the next thing worth watching.

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Elon Musk and SpaceX shrugs off the trading day Wall Street feared most

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Rendering of Elon Musk overlooking a Starship fleet (Credit: Grok)

SpaceX stock did the opposite of what most of Wall Street expected this week, when the day designed to be its most dangerous turned into a rally, and the rally kept going.

Thursday marked the first major lockup expiration since SpaceX’s June IPO, making roughly 911.5 million insider held shares eligible to trade for the first time, more than doubling the company’s public float. Analysts and short sellers had spent weeks bracing for a flood of selling, especially after the stock fell 13 percent following its first earnings report as a public company on Tuesday. Instead, shares rose 6.1 percent Thursday to close at $114.92, and by Friday they were trading near $129, up more than another 12 percent on the day.

SpaceX shorts get warned by Musk ally, echoing Tesla’s early struggles

The setup made the outcome notable. Short interest had climbed to roughly 34 percent of the float heading into earnings, among the highest of any large cap stock, with about 95 percent of available shares to borrow already on loan. CEO Elon Musk warned short sellers twice in the weeks before the lockup, writing on X that “the survival probability of firms who maintain a significant short position in SpaceX over time is very low,” then following up on the morning of earnings with “I try to warn them, but they just double down.”

When the newly unlocked shares hit the market and the selloff never showed up, some of that short position appears to have started unwinding. TipRanks reported that options activity shifted toward bullish strategies like put selling and risk reversals following the rally, with roughly $600 million in options premium trading Thursday alone. Retail buyers also stepped in during the earnings dip, according to Vanda Research.

The fundamentals behind the stock have not changed much in a week. SpaceX’s revenue nearly doubled year over year to $7.8 billion, with Starlink subscribers doubling to 12 million and the company’s AI segment growing 247 percent. What spooked investors on Tuesday was the spending side. Capital expenditures jumped to more than $18 billion for the quarter, up from $2.8 billion a year earlier, with AI investment alone rising from $749 million to $15.8 billion. Wall Street remains split on whether that spending is building infrastructure SpaceX needs or outrunning what the business can currently support, a debate Teslarati has tracked since shares first came under pressure.

None of that resolves the bigger question hanging over the stock. Thursday’s release was only the first of nine staggered lockup tranches, with roughly $800 billion worth of additional shares scheduled to become eligible through October, and Musk’s own stake stays locked until next June. If this week is any indication, the market is treating that supply as something it can absorb rather than something to fear, at least for now.

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The Boring Company’s newest Vegas Station has a permit quietly waiting behind it

Sahara Las Vegas opened a new Vegas Loop station, joining an exclusive two resort transit club.

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Sahara Las Vegas opened a new Vegas Loop station Thursday, giving The Boring Company’s underground transit system its northernmost stop yet on the Strip. The station sits at Sahara’s Paradise Road entrance, on the southeast corner of Las Vegas Boulevard and Sahara Avenue, and connects riders to the Las Vegas Convention Center, other Strip resorts on the network and, eventually, Harry Reid International Airport.

The addition makes Sahara the second resort, after Fontainebleau opened its own station in January, to get a stop built at street level rather than tucked into the property itself. Sahara now joins Westgate as the only two Strip resorts offering both a Vegas Loop station and a stop on the Las Vegas Monorail, giving guests two separate ways to get around without leaving the property.

The Boring Company just doubled its tunneling power in Nashville

The bigger news buried in Thursday’s announcement is what comes next. Boring Company has already secured its first permit to tunnel north of Sahara Avenue, extending the network beyond where it currently ends, even though permits to push the Loop toward downtown Las Vegas still haven’t been granted. Crews are also working on a two mile dual tunnel line running from Westgate to a planned station at 4744 Paradise Road, just north of Tropicana Avenue, that Las Vegas Convention and Visitors Authority CEO Steve Hill has said the company hopes to open in time for November’s Las Vegas Grand Prix.

Ridership has grown alongside the buildout. The Loop moved roughly 82,000 passengers during CONEXPO in early March, a total the company highlighted on its own X account at the time, and the system has now carried more than 4 million passengers through 11 open stations since it began running in 2021. The airport connector tunnels, meant to give the Loop a direct link to Harry Reid, have slipped past their original first quarter target and remain under construction, with Boring Company director Mike Baier saying that a full opening is still a few months out.

For Sahara, the calculation is straightforward. Convention traffic drives a large share of Loop ridership, and a station at the property’s front door gives conventiongoers one more reason to book rooms on the Strip’s north end instead of closer to the convention center itself.

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