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industry

Energy business, used car business, and plain ol’ business business

July 16, 2026 · Electrek · Score: 15

This roundup is a podcast episode covering car and energy industry business news, and none of it points to anything homeowners need to act on. It touches on Elon Musk's purchase of a gas turbine company to power his AI product, a reported 40 percent stock crash (and denial of bankruptcy rumors) at electric vehicle maker Lucid, and a used Tesla Model S selling for well over $100,000 above its original price.

The more relevant thread for anyone tracking electric vehicle costs is that prices keep falling. Hyundai cut prices on its IONIQ 5 N by $6,300 and is offering 0% financing with up to $10,000 off other models. Polestar EVs are reportedly discounted by $25,000 after being banned from US sales. A separate report on June's national EV pricing data shows prices continuing to drop overall.

None of this is about home energy upgrades, weatherization, or rebate programs. It is industry and market news about EV makers, corporate finances, and a tech company's energy infrastructure purchase. If you're weighing an electric vehicle purchase alongside home upgrades like a heat pump or solar panels, the discounts on Hyundai and Polestar models, along with the broader drop in EV prices, are worth knowing about. But there is no new program, deadline, or rebate here that affects your house directly.

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