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GMC GM was chosen because it's company "is playing serious catchup in the electric-vehicle game," which is true. Until recently with the Lyriq and GMC Hummer, it was behind the times. Time magazine notes that the company sold just 21,000 EVs last year. It's also playing defense against Volkswagen, who also made the list. Time interviewed CEO Mary Barra who said of Tesla "There's really no self-driving vehicles out on the road right now other than in pilots like we have with Cruise. They're driver-assist systems. [When] we talk about GM's Super Cruise, we keep it hands-on. We make sure you...

April 19, 2021 10:30am by Barry Ritholtz     How can an entire sector consist of companies all of which are priced as if they will soon dominate their industry? That describes the Electric Vehicle (EV) sector —  not just Tesla — and it has become a “ big market delusion.” The phrase was coined by Brad Cornell, a professor at UCLA and at Caltech, and referenced in a recent research piece by Rob Arnott, Research Affiliates (RAFI) founder and chairman. Arnott notes the companies in the EV space have risen together. While some will win and some will lose, they al...

The DIY e-bike scene is obsessed with speed and clout It’s more than just a hobby, with some enthusiasts hoping to strike it rich Share this story Jacob Pustilnik built his first electric bike when he was 17 because he was tired of showing up at school drenched in sweat. Texas is notoriously humid, but Pustilnik only lived a few miles from his school in Houston and was reluctant to abandon his trusty Trek mountain bike. At first, he thought putting a milk crate on the rear rack for his backpack would be enough to eliminate the dreaded back sweat, but it was only a half measure. Eventually h...

Let’s dive in …  Email me at kirsten.korosec@techcrunch.com to share thoughts, criticisms, opinions or tips. You also can send a direct message to me at Twitter — @kirstenkorosec. Micromobbin’ Last week I highlighted how Lime was getting into the shared moped business. Now, shared moped startup Revel is getting into the EV charging game. I wonder if we are starting to witness the beginning of a business diversification trend in micromobility? Revel said it is building a DC fast-charging station for electric vehicles in New York City, the first in a new business venture that will even...

Rad Power Bikes raises $150 million as electric bike sales boom Electric bike sales boomed in 2020, a phenomenon driven by the COVID-19 pandemic and the disruption it delivered consumers’ daily lives. Now, Rad Power Bikes is reaping those rewards and using them to double its workforce and scale globally. The Seattle-based startup said Thursday it has raised $150 million from institutional investors including Morgan Stanley’s Counterpoint Global Fund, Fidelity Management & Research Company, TPG’s global impact investing platform The Rise Fund and funds and accounts advised by T. Rowe Pri...