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This Austin startup is bringing electric powersports vehicles to town

This Austin startup is bringing electric powersports vehicles to town
(@volcon.ev/Instagram)

A new startup coming to Austin is changing the electric vehicle game in the form of the Grunt, the Stag and the Beast.

Volcon, an all-electric powersports manufacturing startup, is working on filling a gap in the powersports market and making outdoor adventures sustainable again. After purchasing 53 acres of Austin land for its headquarters, the dream is becoming a reality.

The company, which is still crowdfunding through WeFunder, is currently the only fully-electric outdoor powersports vehicle company in the industry and said it aims to be the "Tesla of the $10B outdoor powersports industry."

The company will offer three weird-looking vehicles:

The Grunt

Big tires and a small body are the defining features of this diverse terrain motorcycle. Starting at $5,995 reserved, the grunt will get you to its top speed, 60 mph, in six seconds with a 100 mile range, 70 feet per pound of torque and features swappable batteries so you can spend more time riding. The grunt is expected to become available in April or May 2021.

The Stag

volcon.com

A more practical option, the stag has two seats and 150 miles of range. Volcon is offering the stag in both two and four wheel drive options, both of which will take you zero to 60 in five seconds, with a top speed of 70 mph and 300 pound-feet of torque. The stag starts at $14,995 but isn't even available for reservation yet.

The Beast

volcon.com

If you just can't drive a vehicle without a truck bed, Volcon has you covered with the beast. This "beast" gives you double the torque of the stag, 600 pound-feet, a top speed of 80 mph covering a range of 150 miles and it will get you zero to 60 in 4.5 seconds. The Beast will cost you a pretty penny, $24,995, but you'll be able to feel the wind through your hair.

Production for the Stag and the Beast isn't expected to start until late 2021 in Austin. Through WeFunder, Volcon is offering equity in the company for investments of $1,000 and up.

Though these new vehicles aren't on the market, or even guaranteed to hit the market, if the grunt does well, expect to see these funky vehicles hitting the great outdoors soon.

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elon musk

With deposition and trial looming, Elon Musk has offered $44B for Twitter, again

With deposition and trial looming, Elon Musk has offered $44B for Twitter, again
Shutterstock

Elon Musk has proposed once again to buy Twitter for $54.20 a share.

The news that Musk is offering to carry on with the $44 billion buyout was first reported by Bloomberg. Now, a filing with the Securities and Exchange Commission shows Musk made the proposal in a letter to the tech giant on Monday.

The New York Stock Exchange temporarily halted trading in Twitter stock twice Tuesday, first because of a big price move and the second time for a news event, presumably the announcement of Musk's renewed offer.

While the per share offer price on this latest proposal remains the same as the original offer, it’s unclear if Musk has made other term changes or if Twitter would reject it. According to other reports, a deal could be reached this week.

The stock closed at $52.00/share Tuesday, indicating market uncertainty around the $54.20 offer.

After Musk informed Twitter of plans to terminate the original agreement in July, Twitter sued. A trial has been expected in Delaware Chancery Court on Oct. 17.

With the proposition of a buyout on the table again, it revives the question of whether Musk might move Twitter from San Francisco to Central Texas.

He’s done so with some of his other companies. Tesla’s headquarters in southeast Travis County had its grand opening earlier this year and tunneling business The Boring Company moved to Pflugerville. At least two other Musk companies, SpaceX and Neuralink, have a Central Texas presence without being headquartered here.

Technology journalist Nilay Patel this afternoon voiced concerns that owning Twitter and Tesla together could be problematic for Musk, as his Tesla manufacturing facilities in Germany and China are both in countries that have disputes with Twitter over content moderation and censorship.

Telsa shares fell after the Twitter news became public, before rallying to close up, at $249.44.

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real estate

Austin rents nearly double in a year and are now in the top 5 nationwide

Austin rents nearly double in a year and are now in the top 5 nationwide
Dwellsy

While searching for a place to live, Austin renters will face monthly rates of nearly $3,000, a recent guide from rental marketplace Dwellsy shows.

The median rent in August this year was $2,930, a more than 86% increase since August 2021. That’s $820 more than the nationwide median asking rent in August and puts Austin just below the Bay Area, Boston and New York for large cities with the most expensive asking rent.

“Within this group, Austin, TX stands out for the highest increases in asking rent, which has nearly doubled since this time last year,” the study notes.

Outside of those large cities, however, others are seeing even higher rent spikes. Metro areas that ranked above Austin in one-year increases include those like Kansas City, MO with a 112% change in rent since last August and Tucson, AZ with a 124% change.

The data reflects large apartment communities, single-family homes and 2-6 unit buildings.

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