Rad Power Bikes says it may close down by January

Rad Power Bikes, one of the most well-known electric bicycle companies in North America, appears to be headed for collapse as troubling signs have continued to stack up.

Rad Power Bikes, one of the most well-known electric bicycle companies in North America, appears to be headed for collapse as troubling signs have continued to stack up.

The board of Rivian has introduced a new pay package for the American automaker’s founder and CEO, RJ Scaringe, incentivizing him to stay on target and maintain growth over the next decade. If it comes to fruition, Scaringe’s revamped pay package could be one of the most robust in history.

We’re kicking off this week’s Green Deals with Anker’s full SOLIX early Black Friday Sale that is taking up to 65% off a large lineup of power stations and solar bundles starting from $158. One of the notable standouts is the SOLIX F3800 Plus Portable Power Station with a FREE protective cover at a new $2,499 low. From there, we have the best bundles on both Lectric’s standard XP4 and long-range XP4 750 e-bikes with up to $514 in FREE gear starting from $999, as well as the latest 48-hour flash sale from EcoFlow, a rare discount to the annual low for Husqvarna’s Power Axe 350i, and more waiting for you below. And don’t forget about the hangover deals from last week that are collected together at the bottom of the page, rounded up in our latest edition of Electrified Weekly here.
Head below for other New Green Deals we’ve found today and, of course, Electrek’s best EV buying and leasing deals. Also, check out the new Electrek Tesla Shop for the best deals on Tesla accessories.

Used vehicles are not exactly flying off the lot right now, but EVs are bucking the trend with prices hitting the sweet spot of around $20,000 to $30,000.

In October, Tesla (TSLA) saw its worst sales performance in China in years – down 36% year-over-year. It was its worst month of the year – even worse than when the automaker was transitioning production to the refreshed Model Y.

Emmanuel Lamacchia, the program manager for Tesla’s Model Y, its best-selling car, announced that he is leaving the automaker.
Tesla has now lost two program managers on the same day.

SUPER73 just pulled the curtain off its latest e-bike, the SUPER73-MZFT, and it looks like the brand is coming back to its roots – with a twist. Known for building retro-inspired, moto-style electric bikes that blur the line between fun and functional, SUPER73 now says the MZFT represents the first in a new generation of e-bikes that’s designed to welcome in a broader, more diverse group of riders – especially those just getting started.

Tesla is launching a new car rental program out of its stores in the US, as sales are crashing due to the end of the federal tax credit.
It’s available at select stores in the US right now.