Hasta La Gadget!

After shipping its first solar EV only weeks ago, Dutch automaker Lightyear has announced that it’s suspending production of that model (called the 0) to focus on the more affordable Lightyear 2. It made the move after opening a waitlist for the Lightyear 2 that generated more than 40,000 subscriptions on top of the existing 20,000 pre-orders from fleet owners. 

“In order to safeguard our vision, we had to decide to redirect our focus and resources completely towards Lightyear 2,” the company wrote in a press release. “This means in effect that we had to suspend the production of Lightyear 0.” The company didn’t provide a timeline for Lightyear 2 production or other details.

The news does raise concerns about the company’s financial situation. Lightyear said it submitted a request “to open suspension of payment proceedings” in relation to its operating company responsible for producing the Lightyear 0. (Companies in The Netherlands can request to have debts frozen for 18 months to buy time to reorganize, according to TechCrunch.) The company said it hopes to “conclude some key investments in the coming weeks in order to scale up to the Lightyear 2.”

The Lightyear 0 costs nearly $300,000 and was designed to produced in limited quantities, much like the Polestar 1. On the other hand, the Lightyear 2 will cost around $40,000, according to the company. It’s supposed to have up to 500 miles of range, aided by its solar panels, but the company has yet to reveal other details or show complete images of the vehicle.

The concept of both EVs is the same. The car’s solar panels can provide up to 44 miles of range on a sunny day, meaning drivers with relatively short commutes may rarely need to charge their vehicles. For longer distances, the vehicles have battery packs that provide nearly 400 miles of extra range, in the case of the Lightyear 0. That’s also aided by very slippery aerodynamic profiles. 

“That person was our president,” the exasperated late-night host exclaimed.

Elon Musk said he could’ve sold his SpaceX shares to take Tesla private when he took the witness stand again to defend his 2018 “funding secured” tweets in a lawsuit filed by the automaker’s shareholders. According to CNBC, Musk proclaimed: “SpaceX stock alone meant ‘funding secured’ by itself. It’s not that I want to sell SpaceX stock but I could have, and if you look at the Twitter transaction — that is what I did. I sold Tesla stock to complete the Twitter transaction. And I would have done the same here.” He didn’t say how many of his shares he’d have to sell, however, to be able to fund the transaction. 

The plaintiffs’ lawsuit is based on Musk’s infamous 2018 tweets in which he said he was “considering taking Tesla private at $420.” He even said that he already had “[f]unding secured.” Musk first took the stand for this particular case last week to defend himself against the plaintiffs’ accusations that the tweets he made cost them significant financial losses. Tesla’s shares temporarily stopped trading after those tweets and remained volatile in the weeks that followed. He said at the time that just because he tweets something “does not mean people believe it or will act accordingly.”

This time, Musk reiterated his previous claim that he had an agreement with Saudi Arabia’s Public Investment Fund to take Tesla private. He told the court that the country was “unequivocal” in its support of the transaction, which ultimately didn’t go through. According to Bloomberg, the court discussed his communication and eventual falling out with Saudi fund governor Yasir Al-Rumayyan regarding the deal. A text exchange was reportedly presented to the jury, wherein Musk accused Al-Rumayyan of backing out of their handshake agreement. The Saudi official responded that he didn’t have sufficient information to be able to commit to the buyout and called Musk’s public announcement of their discussions “ill advised.”

The plaintiffs’ lawyer also asked Musk what many of us were probably wondering: If the $420 share price in his tweets was made as a joke in reference to marijuana. Apparently, it wasn’t a joke, and he chose it “because it reflected about a 20 percent premium on Tesla’s stock price.” Musk is expected to testify again on Tuesday, so we’ll likely hear more details about his failed bid to convert Tesla into a private entity. 

As Bloomberg notes, the judge in this case had already determined that his tweets were “objectively false and reckless.” However, the plaintiffs still have to prove that Musk knew his tweets were misleading and that his tweets caused their losses to win the case. Musk and Tesla previously had to pay the Securities and Exchange Commission $20 million each to settle a separate lawsuit over the same tweets, accusing him of making “false and misleading statements” that could be constituted as fraud. The CEO said on the stand that he told the SEC about SpaceX and that the plaintiffs’ lawyer “deliberately exclud[ed] that from jurors.”

In most cases, you can use your phone or tablet charger to recharge the Nintendo Switch due to how the USB Power Delivery specification is designed.

Over a century ago, the mummy of a teenage boy was found in Nag el-Hassay, Egypt. The body remains wrapped to this day, but a team of researchers just used CT scanning to peer through the linens to find 49 amulets on and inside the boy’s body.

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