DIRS.INFO The most relevant business & tech news

☆ Explainer-Biden's EV highway takes shape
▼ + stars: | 2023-02-27 | by ( Jarrett Renshaw | ) www.reuters.com time to read: +4 min

(Reuters) - Armed with billions of dollars, the Biden administration is embarking on the biggest transformation of the U.S. consumer driving landscape in generations, hoping to blanket the nation’s highways with electric vehicle chargers. The federally-funded chargers must be placed within a mile of state-designated electric vehicle corridors. FILE PHOTO: A electric vehicle charger is seen as a vehicle charges in Manhattan, New York, U.S., December 7, 2021. The state received 167 site proposals from 30 different teams, officials told Reuters. In oil-rich Texas, state officials told the administration, “the network will give Electric Vehicle drivers confidence and flexibility when traveling for work, recreation, or exploration regardless of distance traveled or weather conditions.”

☆ Explainer: Biden's EV highway takes shape
▼ + stars: | 2023-02-27 | by ( Jarrett Renshaw | ) www.reuters.com time to read: +5 min

[1/2] A electric vehicle charger is seen as a vehicle charges in Manhattan, New York, U.S., December 7, 2021. REUTERS/Andrew KellyFeb 27 (Reuters) - Armed with billions of dollars, the Biden administration is embarking on the biggest transformation of the U.S. consumer driving landscape in generations, hoping to blanket the nation's highways with electric vehicle chargers. The federally-funded chargers must be placed within a mile of state-designated electric vehicle corridors. Ready and pending electric vehicle corridors — designations that determine if a highway has a sufficient number of charging stations for EV travel. The state received 167 site proposals from 30 different teams, officials told Reuters.

SAN FRANCISCO, Feb 15 (Reuters) - Tesla (TSLA.O) will open part of its U.S. charging network to electric vehicles (EVs) made by rivals as part of a $7.5 billion federal program to electrify the nation's highways to cut carbon emissions, the Biden administration said on Wednesday. There are also nearly 10,000 "destination" chargers with Tesla plugs that can recharge a vehicle overnight. Opening up access to Tesla's network would be a quick win for an ambitious federal program to build 500,000 EV chargers by 2030, up from 130,000 currently. Administration officials did not say whether a contract has been signed, but federal officials will control disbursement of about a third of the $7.5 billion federal program. Chris Harto, a senior policy analyst at Consumer Reports, said, "There is no doubt the $7.5 billion in federal charging investment threatens Tesla's competitive advantage.

It seeks to give consumers unfettered access to a growing coast-to-coast network of EV charging stations, including Tesla Inc's (TSLA.O) SuperChargers. Tesla, the nation's largest EV maker and charging company, plans to adopt the CCS standard and expand beyond its proprietary connectors, the administration said. The United States and its allies Mexico and the European Union (EU) have clashed over protectionist policies implemented by Biden. The United States and the EU set up a task force last year to look at American laws that Europeans fear will discriminate against foreign electric car makers. EV chargers require iron and steel for some of their most crucial parts, including the internal structural frame, heating and cooling fans and the power transformer.

[1/3] A Tesla is charged at an electric car supercharger station in Los Angeles, California, U.S. August 2, 2018. A dearth of chargers on U.S. roads has slowed the growth of EV sales and the positive environmental impact, advocates say. In January of last year, Tesla wrote the Federal Highway Administration, offering the Biden administration suggestions on how to shape the charging program. In Ohio, the company responded to a recent request that companies submit charging proposals, state officials told Reuters. The Department of Transportation next week will detail final requirements that all electric vehicle chargers must meet to be eligible for funding under the $7.5 billion effort to electrify highways and interstates across the nation.

☆ Electric vehicle stocks roar back to life in 2023 — Wall Street's favorite plays from here
▼ + stars: | 2023-02-08 | by ( Michelle Fox | ) www.cnbc.com time to read: +4 min

The average analyst price target calls for at least a 10% gain in the next 12 months, per FactSet. It also has 82% upside to the average analyst price target. Rivian Automotive has a whopping 90% upside to the average analyst price target. Lastly, General Motors has nearly 15% upside to the average analyst price target, with 54% of analysts covering the Cadillac maker rating it a buy. While a majority of the analysts covering the stock rate it a buy, the average price target implies 1% downside.

☆ Cramer's lightning round: I'm very concerned about Veru
▼ + stars: | 2023-01-06 | by ( Krystal Hur | ) www.cnbc.com time to read: +1 min

Loading chart...Veru Inc : "I'm very concerned about it." I think we're going to have to take a major league pass." Suburban Propane Partners LP : "[The] propane market is historically, let's say, too volatile and erratic for me." Loading chart...Axon Enterprise Inc : "It's a terrific law enforcement package that I think is really good for everybody. Loading chart...Nuscale Power Corp : "If you want small, nuclear modular reactors, I'm going to have to say, the Constellation Energy group.

☆ Death of the internal combustion engine — Cowen's best stocks to play the trend
▼ + stars: | 2022-12-04 | by ( Michelle Fox | ) www.cnbc.com time to read: +5 min

For more than 100 years, automobiles have been powered by internal combustion engines. Yet around the globe, consumers are slowly shifting to electric-powered vehicles and countries are putting bans of ICE-based engines into place. This disruption in the mobility space also includes automation, like driverless cars and advanced driver assistance systems (ADAS) applications. Cowen said the company is "well positioned in the growing electrical architecture space as well as with electronic and safety applications." "Deep experience designing purpose-built SoCs [system-on-chip applications] and a decade+ of real world driving data support its positioning," the report said.

☆ Cramer's lightning round: Palantir is a sell
▼ + stars: | 2022-11-08 | by ( Krystal Hur | ) www.cnbc.com time to read: 1 min

Loading chart...ChargePoint Holdings Inc : "I'm not recommending any stocks that are losing money. I can't lose money for people." Loading chart...Cenovus Energy Inc : "I like Cenovus. I wish it gave you a bigger yield, but it's got great assets." Loading chart...Loading chart...Alibaba Group Holding Ltd : "We have enough problems with American stocks; we do not recommend stocks of China."

☆ Cramer's lightning round: Lucid Group is losing too much money
▼ + stars: | 2022-10-26 | by ( Krystal Hur | ) www.cnbc.com time to read: 1 min

Loading chart...Lucid Group Inc : "I love the car. They're losing too much money." Loading chart...Fomento Economico Mexicano SAB de CV : "I don't need to go overseas to lose money. I can lose all the money I want here. They believe in it, and that is going to keep it from going down much more.

☆ EV Charging Still Has Speed Bumps Ahead
▼ + stars: | 2022-10-17 | by ( Jinjoo Lee | ) www.wsj.com time to read: 1 min

America’s EV-charging industry filled up on a fair share of government spending commitments in the past year. Yet after starting their public market debuts with a bang in 2021—many through mergers with special-purpose acquisition companies—they have lost their spark, possibly offering a more accessible price point for investors looking for exposure to electric-vehicle industry growth. ChargePoint Holdings trades at $12.59 a share, a far cry from the $30.11 price tag it commanded shortly after its SPAC merger closing. EVgo goes for around $7.04 per share; less than half of what it fetched following the close of its SPAC merger. And Volta which traded for roughly $9 a share following its public-market debut, is now $0.99 per share.

Search resuls for: "ChargePoint Holdings"

11 mentions found