New passenger car registrations in the UK amounted to 186,128, although the growth rate of 28% year-over-year is considered “artificially lifted” as the 2020 year was affected by lockdowns.
The plug-in electric market on the other hand continues to expand at a rapid rate. In June, the number of registrations increased 131% year-over-year to almost 32,000. That’s 17.2% of the market!
It’s one of the best months ever and let’s take a note that all-electric cars took more than a tenth of the market.
BEVs: 19,842 (up 123% year-over-year) at market share of 10.7%
PHEVs: 12,139 (up 146% year-over-year) at market share of 6.5%
Total: 31,981 (up 131% year-over-year) at market share of 17.2%
So far this year, more than 132,000 new passenger plug-in cars were registered in the UK at an average market share of 14.5%.
BEVs: 73,893 (up 139% year-over-year) – market share of 8.1%
PHEVs: 52,207 (up 197% year-over-year)- market share of 6.4%
Total: 132,100 (up 161% year-over-year) – market share of 14.5%
More details, including also other types:
In June, the volume deliveries of the Tesla Model 3 (as usual in the last month of a quarter) resulted in a very strong result of 5,468 registrations, which is the best result overall.
The Model 3 is not yet in the top 10 year-to-date, which means it must be below 15,124. What we know is that with 6,585 units in March, the Model 3 is at no less than 12,053.
Vauxhall (part of Opel) reports that the Vauxhall Corsa-e (in the rest of Europe known as Opel Corsa-e) noted 2,795 sales so far this year and remains the best-selling all-electric supermini (the Corsa is also #1 overall with 24,399 ICEs/BEVs).
Vauxhall Vivaro-e is the top-selling electric delivery van in the UK, with a record of 613 units in June, and 1,487 YTD. Sales of the Vivaro-e clearly accelerate thanks to a huge order backlog.
“Vauxhall enjoyed a successful first half of 2021 in the LCV sector, with e-LCV sales topping 1,487. Vauxhall is now one of the few manufacturers able to offer fleets and business customers an electric van across its entire LCV line-up, following the announcements of its All-New Movano-e large van and the All-New Combo-e compact van.
Sales success in the first half of the year was underpinned by the multi-award winning all-electric Vivaro-e, which has seen record sales of 613 in June, making it the best-selling model not only this month, but for the year-to-date in the a e-LCV sector.”
11:34 a.m. Routt County Sheriff’s Office deputies responded to a report of wildlife in the 100 block of US Highway 40.
11:47 a.m. Steamboat Springs Police Department officers received a complaint about a bicyclist in the 800 block of Yampa Street.
2:56 p.m. Officers responded to a suspicious vehicle outside a vehicle in the 900 block of Strings Road.
7:46 p.m. Officers received a report of theft from a condo in the 1900 block of Storm Meadows Drive.
10:27 p.m. Officers responded to a vehicle complaint on Locust Court and Paloverde Way.
Total incidents: 66
• Steamboat officers responded to 41 cases including calls for service and officer initiated incidents such as traffic stops.
• Sheriff’s deputies responded to 15 cases including calls for service and officer initiated incidents such as traffic stops.
• Steamboat Springs Fire Rescue firefighters responded to seven calls for service.
• North Routt Fire Rescue firefighters responded to three calls for service.
The Record offers a glimpse of police activity and is not a comprehensive report of all police activity. Calls such as domestic violence, sexual assaults and juvenile situations typically do not appear in The Record.
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US electric car maker Tesla Vice President Jerome Guillen poses at the Paris Auto Show on the last press day on October 3, 2014. The Paris Auto show opens to the public on Saturday.
Eric Piermont | AFP | Getty Images
Former Tesla executive Jerome Guillen sold more than $270 million worth of shares by exercising stock options after his departure on June 3, according to recent filings with the Securities and Exchange Commission.
Guillen became president of automotive in the third quarter of 2018, overseeing all of Tesla’s automotive business. During his tenure, the company opened its first plant overseas in Shanghai, expanded its battery cell supply partnerships and started mass-producing the Model Y.
But Tesla also struggled with quality issues, recalls and parts shortages under Guillen that significantly constrained production — the company produced zero Model S and X vehicles in the first quarter of the year before he was moved out of the role.
Tesla moved him into the role of president of heavy trucking in March this year, and in June Guillen left the company. The exact circumstances of his departure have not been disclosed.
According to Ben Silverman, director of research at InsiderScore, the filings indicate that Guillen exercised options for 451,118 shares of Tesla and likely sold the underlying shares for gross proceeds of $274.1 million.
After that, Guillen had 75,780 exercisable options left, Silverman estimates.
Tesla executives don’t get any special treatment when they leave. In more formal terms, they are at-will employees with no guaranteed severance or accelerated vesting of equity if they resign or are fired, Silverman noted.
Guillen had approximately $442 million in unvested options and unvested restricted stock when he left, according to InsiderScore’s analysis. Filings indicate that he also had 1,212 restricted shares that would have vested just two days after his last day at Tesla and would have been worth nearly $700,000.
How options work
Stock options give employees or executives at a company the right to purchase that company’s stock at a certain price for a limited window of time.
Execs at fast-growing tech companies often earn more through vesting and exercising options than they do from their salary. Some compensation plans allow them to vest shares only after hitting certain milestones at the business, not just based on time spent employed there.
When share prices rise above their exercise price, an employee or exec who has vested their shares can buy and then immediately sell them to pocket the difference as cash, or they can exercise the options but hold on for the long term if they believe the value of the shares will continue to rise.
Typically, exercising stock options will incur taxes and sometimes other fees whether the shareholder decides to hang on or sell them right away.