News
Leading US Bank calls for renewed fossil fuel support as Tesla shifts industry to sustainables
The Annual World Economic Forum Annual Meeting in Davos, Switzerland took place recently. The Forum is a great opportunity for the world’s leaders to combine their knowledge and ideas in a way that will make our world more efficient. At a time when sustainable solutions are emerging at an accelerated rate thanks to companies like Tesla, it was a chance for leaders across numerous industries to establish their stance on the climate debate.
A few big names were among the guests who were in attendance of the Davos meeting. U.S. President Donald Trump, Billionaire George Soros, German Chancellor Angela Merkel, and Environmentalist Greta Thunberg are few notable names who were present.
During the event, Bank of America CEO Brian Moynihan suggested that oil companies need support now more than ever as the world begins its transition to more sustainable and environmentally-conscious forms of energy. “We should lend to those companies to help them make progress faster, rather than divest from them which won’t help them at all,” he said in an interview with Andy Serwer.
Moynihan’s comments were a response to Thunburg’s claims that no progress has been made toward reducing the emissions of environmentally-damaging carbon gases. He believes that plenty of progress has been made, but he also believes that it could be expedited if more steps were taken.
He’s right, more companies should do more to assist the cause. But there are not enough companies taking the global crisis of climate change seriously enough. While companies continue to make pledges toward reducing carbon emissions by a certain amount before a certain year, what is funding oil companies going to do toward making the world a more environmentally-friendly place?
Moynihan was on a panel with Duke Energy CEO Lynn Good at the Davos Forum. Duke has pledged to reduce carbon emissions by 50% by the year 2030.
“Think about that. That’s a power company. If they’re moving with that kind of pace, and we are saying we need more alternative energy to meet our goals, that business system will get more progress,” he said. “And so yes, we’ve got to make more progress. We’ve got to make it faster. But we’ve got to do it in an aligned way.”
But there are other companies that have the mindset to take two steps forward and one step back.
Amazon CEO Jeff Bezos is the head of one of the biggest companies in the world. The e-commerce giant made huge strides toward environmental sustainability when it became an investor in electric vehicle manufacturer Rivian, whose zero-emissions R1T is set to compete with Tesla’s brutalist Cybertruck. Amazon also purchased 100,000 electric delivery vans from Rivian in an attempt to reduce the amount of carbon emissions from its vehicles.
A few weeks later, a press release from one of the world’s biggest oilfield service companies stated Amazon was one of the main contributors to the U.S. Oil and Gas Industry’s “Production 4.0” forum that would help accelerate and improve oil production. Amazon’s employees pushed Bezos to make changes that would help the Earth. While he promised electric vans and more conscious packaging, Bezos was directly contributing to an industry that continues to harm the Earth in many ways.
As the head of a large bank like Bank of America or one of the biggest companies in the world like Amazon, the responsibility is huge. The environmental impact of these companies is huge and requires extra attention from large corporations. The power these companies hold is the possible key to environmental longevity, and it starts with the halting of oil funding. If the Bank of America CEO’s statements are any indication though, the transition to sustainability may end up being a bit longer than expected.
News
Tesla takes first step in sunsetting Model S and X with drastic move
Tesla won’t be taking custom orders of the Model S or Model X in Europe any longer.
Tesla has seemingly taken the first step in sunsetting two of its older vehicles, the Model S and Model X, by ending international orders.
The flagship sedan and SUV from Tesla are the two oldest cars in the company’s lineup. They account for a very small portion of overall sales, and several years ago, CEO Elon Musk admitted that Tesla only continues to build and sell them due to “sentimental reasons.”
Earlier this year, there were calls for Tesla to end the production of the two cars, but Lars Moravy said that the Model S and Model X were due to get some love later in 2025. That happened, but the changes were extremely minor.
Tesla launches new Model S and Model X, and the changes are slim
Some took this as an indication that Tesla has kind of moved on from the Model S and Model X. A handful of people seemed to think Tesla would overhaul the vehicles substantially, but the changes were extremely minor and included only a few real adjustments.
In Europe, customers are unable to even put a new order in on a Model S or Model X.
We noticed earlier today that Tesla pressing the ‘Order’ button on either of the flagship vehicles takes you to local inventory, and not the Design Studio where you’d configure your custom build:
🚨 Tesla has removed the Model S and Model X Design Configurators from European customers
It will now bring up available inventory for those two vehicles instead of allowing you to build your own config pic.twitter.com/sMnGAr2kuu
— TESLARATI (@Teslarati) July 30, 2025
Tesla simply does not make enough Model S or Model X units to justify the expensive logistics process of shipping custom orders overseas. It almost seems as if they’re that they will essentially build a bunch of random configurations, send them overseas every few months, and let them sell before replenishing inventory.
Inversely, it could also mean Tesla is truly gearing up to sunset the vehicle altogether. It seems unlikely that the company will fade them out altogether in the next couple of years, but it could absolutely think about ending international orders because volume is so low.
Energy
Tesla inks multi-billion-dollar deal with LG Energy Solution to avoid tariff pressure
Tesla has reportedly secured a sizable partnership with LGES for LFP cells, and there’s an extra positive out of it.
Tesla has reportedly inked a multi-billion-dollar deal with LG Energy Solution in an effort to avoid tariff pressure and domesticate more of its supply chain.
Reuters is reporting that Tesla and LGES, a South Korean battery supplier of the automaker, signed a $4.3 billion deal for energy storage system batteries. The cells are going to be manufactured by LGES at its U.S. factory located in Michigan, the report indicates. The batteries will be the lithium iron phosphate, or LFP, chemistry.
Tesla delivers 384,000 vehicles in Q2 2025, deploys 9.6 GWh in energy storage
It is a move Tesla is making to avoid buying cells and parts from overseas as the Trump White House continues to use tariffs to prioritize domestic manufacturing.
LGES announced earlier today that it had signed a $4.3 billion contract to supply LFP cells over three years to a company, but it did not identify the customer, nor did the company state whether the batteries would be used in automotive or energy storage applications.
The deal is advantageous for both companies. Tesla is going to alleviate its reliance on battery cells that are built out of the country, so it’s going to be able to take some financial pressure off itself.
For LGES, the company has reported that it has experienced slowed demand for its cells in terms of automotive applications. It planned to offset this demand lag with more projects involving the cells in energy storage projects. This has been helped by the need for these systems at data centers used for AI.
During the Q1 Earnings Call, Tesla CFO Vaibhav Taneja confirmed that the company’s energy division had been impacted by the need to source cells from China-based suppliers. He went on to say that the company would work on “securing additional supply chain from non-China-based suppliers.”
It seems as if Tesla has managed to secure some of this needed domestic supply chain.
Lifestyle
Tesla brings perhaps the coolest interior feature to cars in latest update
Tesla adds on to the “fun” aspect of its vehicles.
Tesla has brought perhaps the coolest interior feature to its cars in a new update that is rolling out to vehicles now.
The feature will require a newer vehicle that has interior ambient lighting, which is present on the new Model S, Model X, Model 3 “Highland,” and Model Y “Juniper.” The Cybertruck also has ambient lighting strips throughout.
Tesla Model Y’s ambient lighting design changes revealed in leaked video
With the Version 2025.26+ Software Update, Tesla is rolling out a new “Sync Accent Lights w/ Music” feature, which is available on the Tesla Toybox:
Turn your Tesla into a rave cave with the new Light Sync feature 🎶
Rolling out now in software update 2025.26+ pic.twitter.com/IIsQxZ9jDP
— Tesla (@Tesla) July 29, 2025
To enable the feature, you’ll access the Toybox, choose “Light Sync,” and then choose “Sync Accent Lights w/ Music.”
Although it does not improve the performance of the vehicle, it is yet another example of Tesla making one of the coolest cars out there. This is truly a cool add-on that can be used to impress your friends and family.
Tesla takes first step in sunsetting Model S and X with drastic move
Tesla inks multi-billion-dollar deal with LG Energy Solution to avoid tariff pressure
Tesla brings perhaps the coolest interior feature to cars in latest update
-
Elon Musk2 weeks agoWaymo responds to Tesla’s Robotaxi expansion in Austin with bold statement
-
News2 weeks agoTesla exec hints at useful and potentially killer Model Y L feature
-
Elon Musk2 weeks agoElon Musk reveals SpaceX’s target for Starship’s 10th launch
-
News2 weeks agoTesla’s longer Model Y did not scale back requests for this vehicle type from fans
-
News2 weeks ago“Worthy of respect:” Six-seat Model Y L acknowledged by Tesla China’s biggest rivals
-
News2 weeks agoFirst glimpse of Tesla Model Y with six seats and extended wheelbase
-
Elon Musk2 weeks agoElon Musk confirms Tesla is already rolling out a new feature for in-car Grok
-
Energy2 weeks agoTesla launches first Virtual Power Plant in UK – get paid to use solar