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☆ California regulator probes crashes involving GM's Cruise robotaxis
▼ + stars: | 2023-08-19 | by ( ) www.reuters.com time to read: +3 min

A Cruise self-driving car, which is owned by General Motors Corp, is seen outside the company's headquarters in San Francisco where it does most of its testing, in California, U.S., September 26, 2018. The statement from California Department of Motor Vehicles (DMV) came after a Cruise robotaxi was involved in a crash with an emergency vehicle in San Francisco late on Thursday, the latest accident involving the self-driving cars. The two have been running robotaxi tests limited by times and geographic areas within San Francisco. San Francisco will suffer serious harms from this unfettered expansion," he said in a statement. Reporting by Abhirup Roy and Hyunjoo Jin in San Francisco; editing by Diane Craft and Sonali PaulOur Standards: The Thomson Reuters Trust Principles.

Persons: Heather Somerville, robotaxi, Cruise, David Chiu, Abhirup Roy, Hyunjoo Jin, Diane Craft, Sonali Paul Organizations: General Motors Corp, REUTERS, FRANCISCO, General Motors, California Department of Motor Vehicles, DMV, San Francisco Police Department, Reuters, California Public Utilities Commission, City, Thomson Locations: San Francisco, California, U.S, Cruise

☆ EV maker Lucid slashes prices of Air sedan as part of offer amid heating competition
▼ + stars: | 2023-08-05 | by ( Abhirup Roy | ) www.reuters.com time to read: +2 min

[1/2] A Lucid Air electric vehicle is displayed in Scottsdale, Arizona, U.S., September 27, 2021. REUTERS/Hyunjoo Jin/File PhotoSAN FRANCISCO, Aug 5 (Reuters) - Electric vehicle maker Lucid (LCID.O) cut prices of its Air luxury sedans by as much as $12,400 as part of an offer, it said on Saturday, amid rising competition in the U.S. EV industry and a price war sparked by Tesla (TSLA.O). A spokesperson for Lucid said the company was unable to provide details on how much stock will be part of this offer. But rising interest rates to curb inflation and fears of recession have dampened consumer demand, prompting market leader Tesla to slash prices this year. Newark, California-based Lucid is expected to show deepening losses in its second-quarter earnings on Monday after reporting a fall in April-June production due to supply-chain problems.

Persons: Hyunjoo Jin, Tesla, Lucid, Abhirup Roy, Jonathan Oatis Organizations: REUTERS, FRANCISCO, U.S, EV, Plaid, Saudi Arabia's Public Investment Fund, Thomson Locations: Scottsdale , Arizona, U.S, Newark , California, San Francisco

The directive to present the optimistic range estimates came from Tesla CEO Elon Musk, this person said. The lawsuit's three plaintiffs cite occasions when their Teslas didn't achieve close to their advertised ranges and said they had complained to the company without success. The lawsuit states: "Had Tesla honestly advertised its electric vehicle ranges, consumers either would not have purchased Tesla model vehicles, or else would have paid substantially less for them." The complaint seeks class-action status to represent "all persons in California who purchased a new Tesla Model 3, Model S, Model Y, and Model X vehicle." A California Tesla owner also filed a proposed consumer class action in April after Reuters reported that Tesla employees had shared on an internal messaging system sensitive images and videos captured by cars' cameras.

Persons: Pascal, Tesla, Elon Musk, Adam A, Edwards, Coleman Bryson Phillips Grossman, James Porter, Hyunjoo Jin, Mike Scarcella, Steve Stecklow, Kevin Krolicki, Edwina Gibbs Organizations: REUTERS, Wednesday, Northern, Northern District of, Reuters, Tesla, California Tesla, Thomson Locations: Chateauvillain, France, California, U.S, Northern District, Northern District of California, Nevada, Petaluma , California

☆ Analysis: Tesla taps Biden tax credits to offset EV price cuts
▼ + stars: | 2023-07-21 | by ( Hyunjoo Jin | ) www.reuters.com time to read: +4 min

Including the $7,500 Biden tax credit, the price is down 35%. "Tesla's manufacturing tax credits should help to at least partially offset some of the price cuts Tesla had to implement to spur demand," Morningstar analyst Seth Goldstein said in an interview. Reuters GraphicsDespite benefiting from the tax credits, Musk has criticized U.S. President Joe Biden and many of his policies and called for subsidies to be eliminated. Many analysts exclude the regulatory credits Tesla collects from other automakers, but include the Biden manufacturing credits, when calculating its underlying profit margin. Tesla's quarterly automotive gross margin, excluding the regulatory credits, fell to 18.1% in the second quarter from 26% a year earlier.

Persons: Elon Musk, Musk, Tesla, Morningstar, Seth Goldstein, Joe Biden, Zach Kirkhorn, Biden, Hyunjoo Jin, Kevin Krolicki, Richard Chang Organizations: Cox Automotive, Panasonic, Benchmark, General Motors, LG Energy, Reuters, U.S, Thomson Locations: SEOUL, United States, China, U.S, Nevada, Texas

July 19 (Reuters) - Tesla (TSLA.O) CEO Elon Musk signalled on Wednesday that he would cut prices again on electric vehicles in "turbulent times", even as his all-out price war on automaker rivals squeezes the company's own margins. The large price cuts have pressured Tesla's automotive gross margin, a closely watched indicator in the industry, but Musk has said Tesla would sacrifice margin to drive volume growth. As an example, Tesla this year cut U.S. prices of its Model Y long-range version by a quarter to $50,490. In 2020, Musk unveiled a plan to produce Tesla's own EV batteries called "4680" cells. Tesla said production of the long-delayed electric pickup Cybertruck remained on track for initial deliveries this year.

Persons: Elon Musk, Musk, Tesla, Thomas Martin, Akash Sriram, Hyunjoo Jin, Abhirup Roy, Peter Henderson, Joe White, Sayantani Ghosh, Matthew Lewis, Sam Holmes Organizations: Globalt Investments, EV, Ford, General Motors, Reuters, Thomson Locations: United States, China, Texas, Bengaluru, Hyunjoo, San Francsico

Shares of the Austin, Texas-based automaker rose 2% after briefly falling 2% in trading after the bell. Under pressure from increasing competition and an uncertain economy, Tesla has cut prices and increased discounts and other incentives to reduce inventory. Recently, a lack of new models has made it tougher for Tesla to take on rivals in China, where glitzier offerings from local players have weighed on demand. The company reported revenue in the April-June period of $24.93 billion, compared with estimates of $24.48 billion, according to Refinitiv data. Tesla's share price has more than doubled this year, helped by rival automakers backing Tesla's charging standard, as well as expanded federal credits for Model 3s and investor excitement over artificial intelligence.

Persons: Tesla, Elon Musk, Akash Sriram, Hyunjoo Jin, Sayantani Ghosh, Shounak Dasgupta, Matthew Lewis Organizations: EV, Thomson Locations: Austin , Texas, China, United States, Bengaluru, Hyunjoo

☆ SK Signet signs electric vehicle charger deal with Francis Energy
▼ + stars: | 2023-07-14 | by ( Hyunjoo Jin | ) www.reuters.com time to read: +2 min

SAN FRANCISCO, July 14 (Reuters) - SK Signet (260870.KN) told Reuters on Friday that it has signed a deal to supply 1,000 electric vehicle chargers to Francis Energy, in a move to tap federal funding on charging stations nationwide. The two are among several companies which were selected by Ohio state to receive more than $18 million in combined federal funds to build 27 electric vehicle fast charging stations along some of its interstate corridors. SK Signet, which also counts charging station operators Electrify America and EVgo (EVGO.O) as its customers, last month opened its first U.S. manufacturing facility in Texas. Ohio said all 27 stations announced this week will have the required Combined Charging System (CCS) plug, not Tesla connectors. "We’re considering whether to require it (the Tesla connector) or make it an optional enhancement in future rounds," a state official told Reuters.

Persons: Biden, Hyunjoo Jin, Aurora Ellis Organizations: FRANCISCO, SK Signet, Reuters, Francis Energy, EV, America, Ford, GM, Thomson Locations: Ohio, . Ohio, America, Texas

☆ Texas defers decision on EV charging funds amid industry pushback on Tesla plugs, sources say
▼ + stars: | 2023-07-12 | by ( Abhirup Roy | ) www.reuters.com time to read: +2 min

The vote in Texas is being closely watched in the industry as it could drive similar moves in other states. Reuters reported last month that Texas planned to mandate EV charging companies to include Tesla's North American Charging Standard (NACS) standard if the companies wanted access to a program to electrify highways using federal funds. Washington state has talked about similar plans and Kentucky has mandated that EV charging companies include Tesla's plug. The rollout of the federal funds require charging companies to offer CCS. But plans to adopt Tesla's technology by Ford Motor (F.N) and General Motors (GM.N) have prompted a flurry of automakers and charging companies to embrace the technology.

Persons: let's, Abhirup Roy, Hyunjoo Jin, Sonali Paul Organizations: FRANCISCO, Reuters, U.S, EV, CCS, Ford Motor, General Motors, Thomson Locations: Texas, Washington, Kentucky, San Francisco

☆ Tesla says Model 3 consumer tax credits likely to be reduced after Dec.31
▼ + stars: | 2023-07-12 | by ( ) www.reuters.com time to read: 1 min

SAN FRANCISCO, July 12 (Reuters) - Tesla (TSLA.O) said the $7,500 federal tax credits for its Model 3 electric vehicles are likely to be reduced after Dec. 31, according to its website. The move will come after the U.S. government said in June that all Tesla Model 3 vehicles qualify for the full consumer tax credits after two of the three versions were eligible for half the credits. Reporting by Hyunjoo JinOur Standards: The Thomson Reuters Trust Principles.

Persons: Hyunjoo Jin Organizations: FRANCISCO, U.S, Tesla, Thomson

☆ Texas defers decision on EV charging funds amid industry pushback on Tesla plugs - sources
▼ + stars: | 2023-07-12 | by ( Abhirup Roy | ) www.reuters.com time to read: +2 min

Tesla, which had previously stopped the referral program as it was too expensive, up to now has focused on real-time adjustments to prices posted on its websites. It revived the referral program recently to boost sales, analysts said. The EV sales market globally has become more competitive, forcing automakers to cut prices or boost incentives in several markets. The automaker has used its industry-leading profit margins as a weapon in the EV price war, putting pressure on both legacy automakers as well as cash-strapped EV startups. A number of Tesla owners in China posted their referral codes online and invited others to use them.

Persons: Tesla, Elon Musk, Garrett Nelson, Nelson, Needham, Chris Pierce, Ford, Chavi Mehta, Hyunjoo Jin, Shounak Dasgupta Organizations: Tesla, Thomson Locations: cashback, U.S, United States, China, Germany, France, Canada, Mexico, Hong Kong, Singapore, Bengaluru, San Francisco

☆ Volkswagen to launch self-driving vehicles in Texas by 2026
▼ + stars: | 2023-07-06 | by ( Hyunjoo Jin | ) www.reuters.com time to read: +1 min

SAN FRANCISCO, July 6 (Reuters) - Volkswagen (VOWG_p.DE) said on Thursday that it plans to launch autonomous, or self-driving, vehicles for ride hailing and goods delivery services in Austin, Texas by 2026. The company took over nearly 100 people from Argo, as well as its hub in Austin where Argo was testing autonomous vehicles. "The big aim is that we bring fully autonomous vehicles to the market as a commercial, scalable product," said Christian Senger, a Volkswagen board member who oversees development of autonomous driving. Volkswagen joins GM's Cruise and Alphabet's Waymo in testing autonomous vehicles in Austin, Texas, known for the least restrictive regulations on self-driving cars. But Tesla, Cruise and Waymo and other firms have missed their targets to launch self-driving cars and their vehicles have had difficulty in handling rare and unforeseen driving situations.

Persons: Argo, Christian Senger, Cruise, We're, Katrin Lohmann, Hyunjoo Jin, Rashmi Organizations: FRANCISCO, Mobileye, Volkswagen, Argo, Volkswagen ADMT, Companies, Thomson Locations: Austin , Texas, Austin

☆ Samsung sues Chinese rival over alleged patent violation on iPhone displays
▼ + stars: | 2023-07-03 | by ( Hyunjoo Jin | Industry Insight | Corporate Attorneys Don T Want To Pay Law Firms For Chatgpt When They Could Use It Themselves | ) www.reuters.com time to read: +2 min

SAN FRANCISCO, July 3 (Reuters) - South Korea's Samsung Display has filed a lawsuit against BOE Technology (000725.SZ), accusing the Chinese rival of infringing five of its patents for displays used in mobile devices including Apple's (AAPL.O) iPhone 12. Samsung Display, a unit of Samsung Electronics (005930.KS), asked a federal jury in Texas to award damages for the infringement of patents regarding organic light emitting diode (OLED) displays supplied by BOE. Samsung also seeks an injunction from the court to halt the import and sale of the affected displays. Apple has been using OLED displays on some of its Apple Watch and iPhone models, including the latest iPhone 14. The OLED display market is dominated by Samsung Display, with BOE narrowing the gap, overtaking South Korea's LG Display (034220.KS) as the No.

Persons: BOE, Apple, OLED, Omdia, Choi Kwon, Hyunjoo Jin, Stephen Nellis, Matthew Lewis Organizations: FRANCISCO, Samsung, BOE Technology, Samsung Electronics, U.S, Apple, Apple Watch, South, LG, U.S . International Trade Commission, San, Thomson Locations: Texas, East Texas, South Korea, China, San Francisco

☆ Kentucky mandates Tesla's charging plug for state-backed charging stations
▼ + stars: | 2023-07-03 | by ( Hyunjoo Jin | ) www.reuters.com time to read: +2 min

San Francisco, July 3 (Reuters) - Kentucky is requiring that electric vehicle charging companies include Tesla's plug if they want to be part of a state program to electrify highways using federal dollars, according to documents reviewed by Reuters. Kentucky's plan went into effect on Friday, making it the first state to mandate Tesla's charging technology, although Texas and Washington states previously shared such plans with Reuters. In addition to federal requirements for the rival Combined Charging System (CCS), Kentucky mandates Tesla's plug, called the North American Charging Standard (NACS), at charging stations, according to Kentucky's request for proposal (RFP) for the state's EV charging program on Friday. Each port shall also be capable of connecting to and charging vehicles equipped with charging ports compliant with the North American Charging Standard (NACS)," the documents say. It added that the rule allows charging stations to have other connectors, as long as they support CCS, a national standard.

Persons: Kentucky's, Tesla, Hyunjoo Jin, Mark Porter, Leslie Adler, Conor Humphries Organizations: Reuters, American, EV, SAE CCS, Ford, Texas Transportation Commission, U.S . Department of Transportation, CCS, Electric Vehicle Infrastructure, Thomson Locations: San Francisco, Kentucky, Texas, Washington, United States

SAN FRANCISCO, June 30 (Reuters) - Tesla (TSLA.O) is set to report record vehicle deliveries, after the top electric vehicle maker increased discounts and other incentives to boost sales in the face of economic uncertainty and rising competition. Tesla is expected as early as this weekend to report global deliveries of 445,000 vehicles in April to June, according to the average estimates of nine analysts by Refinitiv. Tesla CEO Elon Musk's plan to sharply increase sales this year faces challenges from aging and limited product line-ups as competition intensifies especially in China, and demand softens. It has avoided major price cuts in the past couple of months but has increased discounts, another form of sales incentive. Tesla is set to increase China sales by 13% from the previous quarter to a record number of vehicles, according to an analyst.

Persons: Tesla, Elon Musk's, Graphics Tesla, Thomas Martin, Goldman Sachs, Hyunjoo Jin, Akash Sriram, Joseph White, Zoey Zhang, Peter Henderson, Matthew Lewis Organizations: FRANCISCO, Refinitiv, Graphics, Reuters, Globalt Investments, Thomson Locations: China, United States, Supercharging, Europe, Berlin, San Francisco, Bengaluru, Detroit, Shanghai

June 27 (Reuters) - Tesla's (TSLA.O) electric-vehicle charging technology is being put on a fast track to become a North American standard, giving a further boost to the automaker's plan to expand access to its once-exclusive chargers. Tesla's charging technology has been gathering momentum for weeks. Volvo Car (VOLCARb.ST) on Tuesday joined General Motors (GM.N), Ford (F.N) and Rivian (RIVN.O) in embracing Tesla's charging design, shunning earlier efforts by the Biden administration to make the Combined Charging System (CCS) the dominant charging standard in the United States. Tesla calls its technology "the North American Charging Standard (NACS)," but it has yet to be approved as a standard by SAE International. Building out the public charging network will require between $33 billion and $55 billion of cumulative public and private capital investment, according to the NREL study.

Persons: Biden, Tesla, Frank Menchaca, It's, Ali Zaidi, Hyunjoo Jin, Trevor Hunnicutt, Peter Henderson, Matthew Lewis Organizations: Volvo, Tuesday, General Motors, Ford, SAE, GM, Sustainable Mobility, SAE International, Reuters, American, National Renewable Energy Laboratory, Biden, White, CCS, Thomson Locations: American, United States, Texas, Washington, San Francisco

☆ Tesla charging technology put on fast track to become US industry standard
▼ + stars: | 2023-06-27 | by ( ) www.reuters.com time to read: +1 min

June 27 (Reuters) - Tesla's (TSLA.O) electric-vehicle charging technology is being put on a fast track to become a U.S. standard, the automotive industry group of engineers that reviews standards said on Tuesday. Tesla's NACS standard has been gathering momentum for weeks. General Motors (GM.N) and Ford (F.N) have said they would embrace Tesla's NACS, shunning earlier efforts by the Biden administration to make the Combined Charging System (CCS) the dominant charging standard in the United States. On Tuesday the Society of Automotive Engineers (SAE) said it would start an expedited process to review NACS as a potential public standard. "The new SAE NACS connector standard will be developed on an expedited timeframe and is one of several key initiatives to strengthen the North American EV charging infrastructure," the engineers group said in a statement.

Persons: Tesla's, Biden, Hyunjoo Jin, Peter Henderson, Matthew Lewis Organizations: General Motors, Ford, of Automotive Engineers, SAE, North, Thomson Locations: U.S, United States, San Francisco

☆ Washington state plans to mandate Tesla's charging plug -official
▼ + stars: | 2023-06-26 | by ( Jarrett Renshaw | ) www.reuters.com time to read: +2 min

June 23 (Reuters) - Washington state plans to require electric vehicle charging companies to include Tesla's plug if they want to be part of a state program to electrify highways using federal dollars, an official told Reuters on Thursday. Washington follows the move by Texas to mandate Tesla's technology, The North American Charging Standard (NACS), adding momentum to CEO Elon Musk's hope of making it the national charging technology. GM (GM.N), Ford (F.N) and Rivan (RIVN.O) have said they would embrace Tesla's NACS, shunning efforts by the Biden administration to make the Combined Charging System (CCS) the dominant charging standard in the United States. Buell said state officials are still trying to determine the right mix of NACS chargers based on current federal requirements. The plan by Washington may add pressure on other states and the federal government to adopt Tesla's NACS.

Persons: Elon Musk's, Tesla's, Biden, I’m, Tonia Buell, Kris Rietmann Abrudan, Buell, Jarrett Renshaw, Hyunjoo Jin, Peter Henderson, Daniel Wallis, Jamie Freed Organizations: Reuters, GM, Ford, Washington state's Department of Transportation, Washington State Department of Transportation, Thomson Locations: Washington, . Washington, Texas, United States

[1/3] A Lucid Air electric vehicle is displayed in Scottsdale, Arizona, U.S., September 27, 2021. REUTERS/Hyunjoo Jin/File PhotoJune 26 (Reuters) - British luxury carmaker Aston Martin (AML.L) has reached a deal that will give U.S. electric vehicle (EV) maker Lucid Group (LCID.O) a 3.7% stake in the company in return for access to its "high performance" technology, Aston Martin said on Monday. Subject to shareholder approval, Aston Martin will issue about 28.4 million new ordinary shares to Lucid Group. Smaller carmakers such as Aston Martin are more reliant on partnerships to make the transition. Lucid and Aston Martin have a common shareholder in Saudi Arabia's Public Investment Fund (PIF).

Persons: Hyunjoo Jin, Aston Martin, Lucid, Aston Martin's, PIF, Aby Jose Koilparambil, Rashmi Aich, Barbara Lewis Organizations: REUTERS, Lucid, Mercedes, Benz, Aston, Public Investment Fund, U.S, Tesla Inc, Thomson Locations: Scottsdale , Arizona, U.S, Aston Martin, Saudi, Bengaluru

☆ Tesla on Autopilot crashes into stopped truck in Pennsylvania -police
▼ + stars: | 2023-06-26 | by ( Hyunjoo Jin | ) www.reuters.com time to read: +1 min

June 26 (Reuters) - A Tesla (TSLA.O) vehicle that was operating on its Autopilot software crashed into a stationary truck on a highway in Pennsylvania on Friday night, police said, adding to scrutiny of the automaker's driver assistance system. The police said the car lost control due to being on Autopilot, adding that the 18-year-old male driver was charged with "careless driving." U.S. regulators have been investigating a series of accidents where Tesla vehicles on Autopilot collided with parked emergency vehicles. In February, a Tesla Model S crashed into a stationary fire truck in Walnut Creek, California, killing the car's driver and triggering an investigation by the National Highway Traffic Safety Administration. Tesla says Autopilot enables a car to steer, accelerate and brake automatically within its lane, but those features require active driver supervision and do not make the vehicle autonomous.

Persons: Tesla, Hyunjoo Jin, Jamie Freed Organizations: Freightliner, Pennsylvania State Police, Tesla, National, Traffic Safety, Thomson Locations: Pennsylvania, Walnut Creek , California

☆ Exclusive: Washington state plans to mandate Tesla's charging plug
▼ + stars: | 2023-06-23 | by ( Jarrett Renshaw | ) www.reuters.com time to read: +2 min

June 23 (Reuters) - Washington state plans to require electric vehicle charging companies to include Tesla's plug if they want to be part of a state program to electrify highways using federal dollars, an official told Reuters on Thursday. Washington follows the move by Texas to mandate Tesla's technology, The North American Charging Standard (NACS), adding momentum to CEO Elon Musk's hope of making it the national charging technology. GM (GM.N), Ford (F.N) and Rivan (RIVN.O) have said they would embrace Tesla's NACS, shunning efforts by the Biden administration to make the Combined Charging System (CCS) the dominant charging standard in the United States. We want to provide access to as many makes and models as possible," said Tonia Buell, alternative fuels program manager at Washington state's Department of Transportation. The plan by Washington may add pressure on other states and the federal government to adopt Tesla's NACS.

Persons: Elon Musk's, Tesla's, Biden, I’m, Tonia Buell, Buell, Jarrett Renshaw, Hyunjoo Jin, Peter Henderson, Daniel Wallis Organizations: Reuters, GM, Ford, Washington state's Department of Transportation, Thomson Locations: Washington, . Washington, Texas, United States

In recent days, Twitter owner Musk and Facebook parent Meta (META.O) CEO Zuckerberg - whose social media platforms duke it out daily for advertising dollars - have been trading bluster about going mano a mano. The brouhaha began Tuesday when Musk tweeted he was "up for a cage match" with Zuckerberg, who's trained in jiujitsu. “Vegas Octagon,” Musk tweeted, referring to an events center where mixed martial arts (MMA) championship bouts are held. Musk in recent months has stepped up criticism of Zuckerberg and his companies, and has mocked reported plans by Meta for a platform to rival Twitter. SportsBetting.ag gives better odds for Zuckerberg, who is 12 years younger than Musk.

Persons: Elon Musk, Mark Zuckerberg, Musk, Zuckerberg, mano, who's, he's, ” Musk, Porte, Gonzalo Fuentes, Vegas . SportsBetting.ag, Owain Flanders, Flanders, Hyunjoo Jin, Greg Bensinger, David Gaffen, Jonathan Oatis Organizations: FRANCISCO, Facebook, Twitter, Elon, SpaceX, Tesla, Viva Technology, Porte de, REUTERS, Meta, Thomson Locations: Manila, Las Vegas, Paris, France, Vegas .

A source previously told Reuters that Musk would brief Modi on plans to set up a manufacturing base in India. "He (Modi) really cares about India because he's pushing us to make significant investments in India, which is something we intend to do," Musk told ANI. Executives of Tesla visited India and held talks with Indian bureaucrats and ministers last month on establishing a manufacturing base for cars and batteries in India. U.S. companies need to reduce reliance on China as a manufacturing base in the face of tensions between Washington and Beijing. If we don't obey local government laws, we will get shut down...," Musk told reporters on Tuesday.

Persons: Elon Musk, Narendra Modi, Modi, Musk, Tesla, Jack Dorsey, Hyunjoo Jin, Shivangi Acharya, Aftab Ahmed, Aditya Kalra, Aditi Shah, Tanvi Mehta, Conor Humphries, Angus MacSwan, Mark Heinrich, Cynthia Osterman, Kim Coghill Organizations: Reuters, Tesla, Twitter, Thomson Locations: United States, India, U.S, China, Washington, Beijing

Those announcements follow decisions by GM (GM.N) and Ford (F.N) to add Tesla charging technology, shunning efforts by the Biden administration to make CCS the dominant charging standard in the United States. Texas - home to Tesla's headquarters and a new car factory complex - is the first state which will mandate Tesla's charging technology, giving a boost to CEO Elon Musk's hope of making it the national charging standard. "It’ll effectively make an NACS the new charging standard," Cox said. The move was to prevent Tesla's North America Charging Standard from dominating the network. And at least one other state is considering giving applicants bonus points on applications if they include the Tesla charging ports.

Persons: Rivian, Tesla, Biden, Elon Musk's, Lew Cox, It’ll, Cox, Jarrett Renshaw, Hyunjoo Jin, Abhirup Roy, Lisa Shumaker Organizations: Reuters, BTC, GM, Ford, CCS, Texas Department of Transportation, U.S . Department of Transportation, Tesla's, Thomson Locations: Texas, United States . Texas, California , Iowa, Michigan, U.S, Philadelphia, San Francisco

☆ Musk to brief Modi on Tesla's India investment plans in U.S. meeting
▼ + stars: | 2023-06-20 | by ( Shivangi Acharya | ) www.reuters.com time to read: +2 min

June 20 (Reuters) - Tesla (TSLA.O) chief executive Elon Musk will directly brief Indian Prime Minister Narendra Modi on plans to set up a manufacturing base there, a source with direct knowledge said. Executives of the U.S. automaker visited India and held talks with Indian bureaucrats and ministers last month on establishing a manufacturing base for cars, and also to make batteries in India. Musk will discuss investment plans and outlook with Modi, the source said, describing the planned discussion as a "high-level meeting about India's economic potential". "Tesla has very strong plans for India, including looking at manufacturing," the person added. Tesla last year shelved its India entry plans due to high import tax structures, but has renewed talks in recent weeks by sharing plans with Indian officials about a manufacturing base there, which India has long sought.

Persons: Elon Musk, Narendra Modi, Musk, Modi, Tesla, Jack Dorsey, Shivangi Acharya, Aftab Ahmed, Aditya Kalra, Aditi Shah, Hyunjoo Jin, Conor Humphries, Angus MacSwan, Mark Heinrich Our Organizations: Indian, U.S ., Apple, Twitter, Reuters, Thomson Locations: United States, India, Indian, U.S, China, Washington, Beijing

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