Update: 3:46 PM EST 12/19: Quote from Aptera added to para. 6
Due to recent economic turbulence, the future of solar EVs is being called into question.
This morning, Sono Motors reservation holders were hit with a shocking notification; the company is on the verge of abandoning its solar electric vehicle project due to a lack of funds. A few weeks prior, solar EV brand Aptera announced that they would be making yet another prototype variation and pushing back its production start date. And while Lightyear Motors has begun producing its Lightyear 0 solar EVs, it is far from the scale many hoped for. So is this the end of solar EVs? It’s not immediately clear.
Starting with the announcement from Sono Motors this morning, the message was grim. Despite securing over 20,000 orders, they couldn’t secure the necessary investment to continue the development of their upcoming vehicle. However, this is not the end. At the very least, Sono will continue to produce solar panel technology as they already have been, but they also have another route. Sono is throwing a hail mary play and asking reservation holders to either increase their investment into the company, increase their downpayment, or even share the #savescion tag.
Looking to Aptera, many were optimistic earlier this year when the company showed off the Gamma prototype, a vehicle that at the time was supposedly production ready. Optimism was built further when Teslarati interviewed Aptera CEO Chris Anthony, where the CEO claimed that production would start in early 2023. Now it appears those plans may have changed.
Not only will Aptera be developing another prototype vehicle, the Aptera Delta, but production has become funding-dependent. And even with the funding, the company will be nine months away from beginning any delivery, according to a recent Aptera webinar.
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Aptera Motors sent this comment in response to an inquiry from Teslarati:
Our development plan consists of four phases: Alpha, Beta, Gamma, and Delta. We have efficiently completed the first three phases and are currently in Delta, the final phase of Aptera’s path to production, which includes: the completion of our production-intent design, systems integration & Delta builds, crash testing and production validation, and lastly, the start of production. Once we meet our funding objectives, we will be able to provide a more accurate delivery timeline. In the meantime, we thank our reservation holders for their patience and continued support.
Finally, the glimmer of hope for solar EVs, Lightyear Motors has begun production of its solar EV in Finland. However, the company has been criticized for its small production volume and morose production timeline, only planning to produce 150 units. The company has defended the move as it plans for the vehicle to demonstrate technology ahead of a mass market option.
What is being seen in the solar electric vehicle space is colloquially called “production hell.” As countless EV startups have come to market over the past few years, there is a reason that essentially only Tesla, Lucid, and Rivian have actually made it to market; production is harrowing, and funding might be even more challenging.
Overall, the sad reality is that these EV startups are going through the gauntlet, and simply due to the challenge of introducing a new vehicle to the market, they are suffering for it. And while many consumers, engineers, and company CEOs have pointed out the benefits of solar EVs, that doesn’t necessarily mean they will make it to the market. Here’s to hoping that each of these manufacturers can work their way out of the woods and bring these remarkable technologies to the market.
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!
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Elon Musk has updated his timeline for when humans will walk on Mars and for when ships will simply get there.
The objective of getting to Mars has been one of Musk’s biggest goals since becoming a serial entrepreneur and realizing that time on Earth is limited. Musk has said several times he hopes to die on Mars, and not by impact.
Musk now believes that people will be on Mars in “roughly 5 to 7 years.” He said that a Mars lander will get there “a few years sooner.”
People on Mars in roughly 5 to 7 years.
Mars lander a few years sooner.
— Elon Musk (@elonmusk) July 29, 2026
The response from Musk comes after NASA Administrator Jared Isaacman said that SpaceX’s biggest priority is the Moon and not Mars. Because of this, Isaacman conceded that he believes nuclear power and propulsion investments will provide “potentially the pathway with the fewest miracles required to put four people on Mars in the next 10 to 15 years.”
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Of course, this is what NASA can do through taxpayer funding and nuclear investments, he added.
Musk’s grand ambitions are much more optimistic than most, and it is certainly a double-edged sword. This is not the first time timelines for Mars have been somewhat lofty, especially to those normal thinkers like you and me, not super geniuses like Musk.
In fact, the SpaceX and Tesla frontman has said on at least a dozen occasions that we could be on Mars in the coming years. Musk said 2020 would be the big year as early as 2009. In 2020, he was “highly confident” of a landing in 2026, and had even said 2024 in a best-case scenario.
The point is, the range has varied, and it’s anyone’s guess when we’ll get there. This latest adjustment to the timeline is typical of Musk, and while the Moon has seemingly taken priority over Mars, it is still worth mentioning that the ultimate goal is to make life multiplanetary, and it starts potentially with the Red Planet.
SpaceX (NASDAQ: SPCX) got an absolutely crazy price target rating from Raymond James after the company experienced a tough first few weeks following its Initial Public Offering (IPO).
Despite the tumultuous start, SpaceX has plenty of believers, and the company’s massively successful Starship launch last Friday, its 13th test flight of the massive rocket, went so smoothly that Raymond James analysts pushed its price target on the company to roughly 7 times its current trading level.
SpaceX Starship just nailed something it’s never done before
The firm officially put a “Strong Buy” rating and an $800 price target on the stock. It currently trades at around $113. Its all-time high is $225.64, reaching this trading level shortly after shares first went public.
Raymond James’ price target is tied to the firm’s confidence after Starship’s 13th test flight. Analysts at the firm said it was an incremental step that reduces engineering risks, citing the widely successful heat shield test that CEO Elon Musk recently detailed, the smooth deployment of Starlink V3 satellites, and a successful in-space engine relight.
SpaceX also managed to see Starship splash down safely in the Indian Ocean, while the Super Heavy Booster fell down to the Gulf of America with no incidents.
It is interesting to see these launches have such a tremendous impact on the stock and what investors think of it. After SpaceX initially delayed the Starship launch last week, shares fell tremendously. Most probably did not realize that the stand-down is a standard practice, especially if everything is not perfect.
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The mission was initially aborted due to an issue with Raptor engines. This was resolved, and Starship launched last Friday after another delay on Thursday, which was caused by weather.
Now that analysts have seen what SpaceX launches are capable of and how impressive the feat is, firms are adjusting their price targets accordingly, making it known that they have high expectations for the space exploration company.
Tesla CEO Elon Musk has responded to reports that Volvo is officially discontinuing the LiDAR sensor on two of its cars.
Volvo announced that it would officially scrap LiDAR systems on its EX90 and ES90 vehicles in various markets. In Norway, owners will get a €1,800 compensation for features that will never arrive due to this decision. There will be no option to remove the unit from vehicles, either.
The issue stems from Volvo’s supplier, Luminar, and its bankruptcy filing. Luminar will no longer be able to supply LiDAR units to Volvo for the EX90 and ES90, effectively axing any use the unit has on vehicles. Volvo will phase out the data collection processes via the LiDAR system, and it will not be utilized whatsoever.
Musk saw the story on X and responded, stating:
“I did try to warn them. Humans drive using neural nets and optical sensors. Same is true for robot cars.”
I did try to warn them.
Humans drive using neural nets and optical sensors. Same is true for robot cars.
— Elon Musk (@elonmusk) July 29, 2026
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Musk has been publicly vocal about his disdain for LiDAR systems, once calling them “a fool’s errand,” as he has consistently kept the outlook that they are not needed for effective self-driving.
The typical example used as evidence for this by Musk is humans themselves: made with only eyes and memories, humans are capable of navigating a car by using what they can see and what they’ve personally experienced on the road.
Elon Musk argues lidar and radar make self driving cars more dangerous
“Same is true for robot cars,” Musk says, as Teslas have eight exterior cameras that help see everything surrounding the vehicle, and a neural network that analyzes behavior and tendencies with every mile driven.
Tesla is a vision-only self-driving company that ditched sensors and radar several years ago in favor of cameras. Behind this effort, the company has established a reputation for having one of the most robust self-driving platforms in the world.
Musk’s big bet with Tesla on its self-driving program’s strategy has widely paid off. Other companies continue to utilize things like LiDAR, radar, and sensors for effective self-driving, but Tesla has shown that there is more than one way to give consumers a strong and accurate driver assistance suite.
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The real question is: who will be the first company to take Musk’s advice and attempt a self-driving platform based on cameras only, or even license FSD for themselves?
Elon Musk updates the SpaceX timeline for Mars
SpaceX gets an absolutely crazy price target after rough IPO
