News
Tesla’s Elon Musk gets invited to hire Ohio’s GM workers: ‘Lordstown is ready for you’
When GM announced that it was closing several of its plants in the US and Canada, questions were raised if Elon Musk would jump on the opportunity to acquire more facilities for Tesla. The electric car maker, after all, has grown significantly over the years, starting as a niche carmaker that manufactured a small, quick two-door sports car, and evolving to a company that currently produces one of America’s best-selling passenger cars. With the Model 3 ramp, Tesla has found itself struggling to meet demand, and even its expansive Fremont factory, as Elon Musk put it, had become “packed to the gills.”
Tesla is poised for even more growth, as the company is set to release some of its most ambitious vehicles yet, such as the Model Y SUV, the Tesla pickup truck, the Tesla Semi, and the next-generation Tesla Roadster. With GM closing several of its plants, an opportunity appears to be emerging for Tesla to acquire more manufacturing capabilities in the US. This is an idea that Elon Musk is open to, as revealed during his recent segment in CBS‘ 60 Minutes. When asked by host Lesley Stahl if he is interested in acquiring facilities that GM would be retiring, Musk answered in the affirmative.
“It’s possible that we would be interested, if they (GM) were going to sell a plant or not use it, that we would take it over,” he said.
Musk’s statement appears to have resonated with Ohio officials, particularly Governor John Kasich. In a recent post on Twitter, Kasich invited Musk and Tesla to come to Ohio. Kasich even pitched the state’s workers to the CEO, stating that “there are no better workers than Ohio workers.” Directly referencing the GM plant set to be closed down in 2019, the Ohio governor added that “Lordstown is ready for you.” Musk, for his part, has issued a brief response to Kasich’s post.
Thanks, will consider next year
— Elon Musk (@elonmusk) December 20, 2018
The past few years have not been kind to the seasoned auto workers from Lordstown, Ohio. Over the course of 2018, the 52-year-old assembly plant, which is responsible for building the Chevrolet Cruze, had seen several layoffs. Back in April, for example, GM cut the plant’s second shift, eliminating 1,500 jobs in the process. By late November, the American legacy automaker confirmed that it would be retiring the facility next year, as the company focuses on building crossovers, SUVs, pickups, and electric vehicles.
Ohio’s officials attempted to keep the Lordstown plant open for as long as they could. A report from local news outlet Cincinnati.com noted that US Sen. Sherrod Brown, Ohio’s senior senator, attempted to get a commitment from GM CEO Mary Barra. Ohio governor John Kasich did the same, even discussing the possibility of repurposing the facility with the GM CEO. Despite these efforts, the Lordstown assembly plant was listed as one of the facilities under GM’s chopping block nonetheless.
My statement on a conversation I had this morning with GM CEO Mary Barra. pic.twitter.com/B8Tf5xu4Tr
— John Kasich (@JohnKasich) November 29, 2018
If Tesla does end up acquiring GM’s Lordstown plant, the electric car maker would be able to tap into a seasoned workforce that has decades of experience building cars. This bodes well for Tesla, particularly as the company has several vehicles expected for release in the coming years. That said, acquiring the plant might present challenges for the electric car maker as well, particularly as the United Auto Workers union (UAW), an organization that is not in good terms with Tesla, was influential in the Lordstown facility.
Tesla’s mission of accelerating the world’s transition to sustainable energy is starting to take form. Faced with competitive, disruptive, zero-emissions vehicles like the Model 3, legacy carmakers such as GM are now taking on a more EV-friendly approach. As the established companies go through these transitions, though, there are bound to be casualties. For GM, some of these casualties are the Lordstown plant’s employees. For these seasoned workers, the possible arrival of Tesla might very well be what they need to ensure that the auto industry remains alive in the state for years to come.
News
SpaceX unveils Starlink next-gen V5 kit: here’s what’s new
SpaceX’s Starlink has launched its latest residential hardware kit: the V5. Designed for reliable high-speed internet, the new terminal represents a significant leap forward in user equipment.
The next generation Starlink Kit is designed to deliver reliable, high-speed home internet. Starlink V5 has a smaller form factor and lightweight design with greater power efficiency than the Starlink V4.
With speeds up to 375+ Mbps, Starlink V5 delivers seamless connectivity… pic.twitter.com/0dorU6n0oD
— Starlink (@Starlink) July 14, 2026
The new V5 Starlink kit features a dramatically smaller and lighter form factor, measuring approximately 384 mm x 306 mm x 34 mm and weighing just 1.1 kg, which is less than half the weight of the previous V4 model, which was 2.9 kg.
This compact design makes installation easier and more versatile, whether mounted on a roof, pole, or even integrated with a pipe adapter. An integrated LED light aids setup in low-light conditions.
Power efficiency sees major gains too. The V5 draws only 35-50W, reducing energy consumption and making it ideal for off-grid or solar-powered setups. Despite its smaller size, performance remains robust. Starlink claims peak speeds of 375+ Mbps, supported by a new Wi-Fi 6 Router Mini that covers up to 2,200 square feet and connects up to 235 devices simultaneously.
The kit maintains strong signal reliability in diverse environments, from urban rooftops to remote rural areas, as demonstrated in the promo footage released by SpaceX, showing seamless operation under cloudy skies.
These improvements expand suitable applications considerably. Households can enjoy lag-free 4K streaming, smooth video conferencing, online gaming, and smart home device management without interruption. The V5’s efficiency and portability also benefit RVs, small businesses, and temporary installations in disaster-recovery zones where quick deployment is critical. Its lightweight build lowers shipping costs and simplifies user handling compared to bulkier predecessors.
Starlink’s Broader Impact on Global Internet Connectivity
Since SpaceX began launching Starlink satellites in 2019, the constellation has grown rapidly. By mid-2026, over 10,400 satellites orbit Earth, with thousands more deployed annually. This massive low-Earth-orbit network delivers broadband to approximately 160 countries and territories, reaching millions of users who previously lacked reliable internet access.
Starlink plays a vital role in bridging the digital divide. It provides essential connectivity to remote communities, maritime vessels, airlines, and regions affected by natural disasters or infrastructure gaps. By combining advanced satellite technology with iterative hardware upgrades like the V5 kit, SpaceX continues to push the boundaries of global internet access, fostering education, economic opportunity, and emergency response capabilities worldwide.
As production ramps up, the V5 promises to make high-performance internet even more accessible to users everywhere.
Investor's Corner
Lucid denies rumors of bankruptcy after over 40% stock drop
Electric vehicle maker Lucid Group has denied rumors of an imminent bankruptcy after a report from this morning sent the stock on a dramatic drop on Wall Street, seeing losses of more than 40 percent during trading hours.
Lucid’s Director of Communications, Nick Twork, responded to the report from Eletric-Vehicles.com, which stated the company’s restructuring advisor, AlixPartners, was asked to review two decisions: taking Lucid shares private or filing for Chapter 11 bankruptcy protection.
The report also claims AlixPartners told the Lucid board to “concentrate on Gravity production while improving its quality, and to temporarily hold back the Lucid Air, the sedan that has defined the company since its launch.”
Twork said:
$LCID The rumors are completely false. The company has sufficient liquidity to carry its operations well into next year, as recently published in its last quarterly filings, and it has not formed any special Board committee to explore the scenarios reported today. Our focus is…
— Nick Twork (@ntwork) July 14, 2026
Shares rebounded after the response to the report, halving its losses as the trading day neared 3 p.m. Eastern.
Lucid has struggled to get its sales off the ground and into more respectable numbers, but the company is in its early years, when things are hard to begin with. It is also backed by several notable investors, including the Saudi Public Investment Fund (PIF), which has nearly limitless money and likely would not ditch an investment of this size so soon.
Lucid shares were down just 14 percent at the time of publication, a far cry from the 55 percent its losses topped out at during the day.
News
Tesla owner attempts resale of Model S Signature Edition for over $260k
A Tesla owner who purchased a Model S Signature Edition, one of the final 250 units of the all-electric flagship vehicle that the company discontinued earlier this year, is attempting to sell the car despite a no-resale clause that prohibits reselling for the first year.
The car is being sold by J&S Autohaus in Ewing, New Jersey, and is priced at $260,490, well above the $159,420 that Tesla sold it for earlier this year.
🚨 The first Tesla Model S Signature Edition is up for sale for $260,490
Tesla placed a no-resale clause on the Model S and X Signature, so it will be interesting to see if the company takes any action. https://t.co/N9rKGHnbD6 pic.twitter.com/6FZhDL1KNR
— TESLARATI (@Teslarati) July 14, 2026
To those who do not know, the Model S Signature was a highly exclusive, limited-run farewell variant of the Model S Plaid that was produced this year to mark the end of production of both the Model S and Model X, Tesla’s two flagship vehicles.
Limited to just 250 units with invite-only sales, it serves as a collector’s item celebrating the legacy of the Model S, which helped pioneer Tesla’s electric vehicle success since its 2012 launch.
It bundles top-tier performance with bespoke cosmetic and luxury upgrades, plus Tesla’s Luxe Package. Here’s what the Model S Signature has over the typical Model S Plaid:
- Exclusive Exterior – Unique Garnet Red Paint, matching door handles, gold Tesla “T” badges upfront, gold Plaid and Signature badging at the rear.
- Premium Interior – White Alcantara upholstery with gold piping/accents, gold Plaid seat badges, Signature-marked door sills, individually numbered dashboard plaque, gold puddle lights, special interior lighting sequence, and a custom Signature key fob.
- Performance Upgrades – Carbon-ceramic brakes with gold calipers
- Bundled Luxe Package – Full Self-Driving (Supervised), four years of Premium Connectivity, free lifetime Supercharging
- Performance Metrics – ~1,020 horsepower, sub-2-second 0-60 MPH, ~390-mile range
Tesla quickly introduced a No Resale Agreement for the Signature Editions of the Model S and Model X, which would penalize the seller for “the amount of $50,000 or the value received as consideration for the sale or transfer, whichever is greater.”
The company continues:
“If you sell or otherwise transfer the ownership of your Model S or Model X, the remainder of the Recommended Maintenance, Wheel and Tire Protection Plan, and Windshield Protection Plan will transfer automatically to the buyer. The Full Self-Driving (Supervised), Free Supercharging and Premium Connectivity will not transfer with the vehicle and will terminate once the ownership of the Model S or Model X is transferred.”
Tesla will likely come after the seller, especially as it has been about two months since Tesla launched deliveries.