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GM's electric vehicles got access to Tesla Superchargers last month. AdvertisementFor the better part of a week, I was the lone Chevy at my local Tesla Superchargers. Before I could offer to help, a flock of Tesla owners amassed to troubleshoot with him. Access to Elon Musk's charging network is the latest improvement GM has made to charging access for electric vehicle owners. For a long time, the Supercharger network was a selling point for EV shoppers worried about range anxiety.
Persons: , didn't Organizations: Service, Chevrolet, Equinox, Elon, GM, GM Energy Locations: North America
Little details in design make the Equinox EV feel special. Equinox EV doesn't sacrifice style for function, offering a ton of storage space. AdvertisementI drove the new Chevrolet Equinox EV for a few days, and some features quickly jumped out as my favorites. This isn't the first time I've been behind the wheel of the Equinox EV — I first drove the crossover SUV over the summer on a short, pre-planned route. From charging to styling to unexpected features, the Equinox EV has worked nicely as a family hauler built for suburban life.
Persons: , I've Organizations: Service
A row of Tesla superchargers is shown at a supercharging location in Los Angeles on June 5, 2024. Tesla shares saw more gains in premarket trading Wednesday, after jumping 10% in the previous session following the release of second-quarter vehicle production and deliveries figures that beat analyst expectations. Tesla's total deliveries hit 443,956 vehicles in the second quarter, with total production at 410,831 vehicles over the period. Analysts had expected that Tesla deliveries — the closest approximation of sales disclosed by the automaker — to reach 439,000 in the three-month stretch ending on June 30, according to a consensus of estimates compiled by FactSet StreetAccount. In a Tuesday note, Citi analysts said they anticipate a "favorable share price reaction" following the release.
Persons: Tesla, FactSet StreetAccount, — CNBC's Lora Kolodny, Ganesh Rao Organizations: Citi Locations: Los Angeles
CNN —Lydia Wu had never driven an electric vehicle before she rented a car from Avis last February. Rental car companies may have overestimated their customers’ readiness for a switch, though. In my case, I’ve rented EVs from Turo, a peer-to-peer car rental platform that’s sort of like Airbnb but for cars. Customer service as keyJoulez, an EV rental company, rents its fleet through its own website as well as through Turo. But not everyone has such a bad time when renting an EV from a big rental car company.
Persons: Lydia Wu, Wu, EVs, Hertz, Stephen Scherr, it’s, ” Hertz, Doug Jensen, Tesla, , , ” Wu, I’ve, Micah Bergdale, they’re, Joulez, Jay Waldron, Waldron, Kia Organizations: CNN, Avis, Cox Automotive, Tesla, General Motors, Hertz, Kia, EV, Turo, Hyundai Kona EV, National Locations: Kansas City , Kansas, Hertz, San Diego, it’s, Polestar, New York City, , Turo, Georgia, Washington, DC
15,000+ Tesla superchargers available for non-Teslas with an adapter starting todayOn the downside: Did you catch it? Many automakers have switched to Tesla's charging technology over the past year. Tesla's charging network is one of its biggest advantages over EV rivals — from faster and more accessible charging stations to more amenities. Non-Tesla EV owners can charge at updated Superchargers that have a Magic Dock adapter. On Thursday, Tesla opened V3 chargers to Ford owners who can use a NACS adapter supplied by Ford, according to Tesla's website.
Persons: , Tesla, Marques Brownlee, Brownlee, ITuxtLsDju — Marques Brownlee, Elon Musk Organizations: Service, Ford, Business, Ford EV, Tech, Tesla EV, EV, Locations: New York
GM CEO Mary Barra said at the time that her company expected to save up to $400 million of a planned investment in building out EV charging stations. "People shopping for a Tesla aren't typically cross-shopping at Kia, Ford, or Mercedes-Benz dealers because they simply want a Tesla," Fiorani wrote. "Tesla is not afraid to use government regulations for income and has been working all possible revenue streams for much of its existence," Fiorani wrote. Tesla reports charging revenue with its "Total automotive & services and other segment revenue." WATCH: Tesla charging connector is on pace to become the North America EV standard
Persons: Jim Farley, Tesla, Mary Barra, Elon Musk, Sam Fiorani, Fiorani, AutoForecast, Biden's, hasn't, William Navarro Jameson Organizations: Ford, LinkedIn, Ford EV, General Motors, Canada, AutoForecast Solutions, Tesla, Kia, Benz, North America EV Locations: North America, U.S
Some automakers are slowing down EV production, saying electric vehicles are too expensive. Auto execs have pointed to high prices as a big reason why demand for electric cars has slumped this year. AdvertisementHere's three reasons why electric cars are getting more affordable. Cheaper battery packsBy far the most expensive part of any EV is the battery, and spiking battery prices have hit automakers hard. "You have to get to a certain scale to really start to make money on electric cars and for the costs to go down," Valdez Streaty said.
Persons: , Kelley, Tesla, Goldman Sachs, EVs, David Browne, Patrick T, Fallon, Browne, Matthias Preindl, Stephanie Valdez Streaty, it's, Valdez Streaty, Elon, you've Organizations: Service, Ford, General Motors, EV, Atlas Public, EVs, Bloomberg, Department of Energy, Smart, Toyota, Manufacturers, ICE, Columbia University, Smith, Cox, Chicago Tribune, Getty Locations: China, Germany, Los Angeles
A reporter with The Wall Street Journal visited over 100 non-Tesla fast-charging stations across LA. She said 27% of the 126 fast-charging stations she visited did not work for various reasons. Tesla will allow cars from other brands to use its charging stations in the next year. During his drive, he stopped at three different charging stations before he was able to find one that was compatible with his car. The move will make electric vehicle charging more widely available to EV owners and may help address range anxiety among some non-Tesla owners.
Persons: , Joanna Stern, Stern, Axios, Dan Primack, Primack Organizations: Wall Street Journal, Service, Tesla, US, Tesla EV, Wall Street, Consumer, Ford, General Motors, Toyota, Hyundai, EV Locations: LA, Los Angeles, Boston, New York City
REUTERS/Andrew Kelly/File Photo Acquire Licensing RightsSEOUL, Oct 5 (Reuters) - Hyundai Motor Co (005380.KS) said on Thursday it has decided to adopt Tesla Inc's (TSLA.O) electric vehicle (EV) charging technology in the United States and Canada. That will give Hyundai EVs with NACS ports access to more than 12,000 Tesla Superchargers across the United States, Canada, and Mexico, the company said. Owners of existing and future Hyundai EVs with the current CCS will have access to the Tesla Supercharging Network starting in the first quarter of 2025. In June, Hyundai Motor said it would consider making its vehicles more readily compatible with the NACS charging system. Tesla's NACS is widely available, with the U.S. Department of Energy saying they make up about 60% of the fast chargers in the United States.
Persons: Andrew Kelly, Tesla, Hyundai's, Elon, company's superchargers, Jose Munoz, NACS, Heekyong Yang, Christian Schmollinger Organizations: Hyundai Kona, New York, REUTERS, Rights, Hyundai, Ford, General Motors, Nissan, Hyundai Motor, Hyundai Motor's, Global, CCS, Tesla Supercharging Network, U.S . Department of Energy, Volkswagen, Kia Corp, BMW, Thomson Locations: Manhattan , New York City, U.S, Rights SEOUL, KS, United States, Canada, Mexico
Hyundai Motor and Kia announced Thursday they will soon adopt Tesla's electric vehicle charging system, beginning in the fourth quarter of 2024 in the United States. Hyundai and Kia join others like Ford and General Motors to integrate the Tesla charging ports, called North American Charging Standard, into their electric vehicles, allowing drivers to use any Tesla charging stations. The charging tech has gained steam in recent months toward becoming a unified charging standard among electric vehicle makers. "Our collaboration with Tesla marks another milestone in our commitment to delivering exceptional EV experiences to our customers," said José Muñoz, president and global COO of Hyundai. Additionally, owners of current Hyundai and Kia electric vehicle models will be able to access Tesla Superchargers using adapters beginning in the first quarter of 2025.
Persons: Tesla, José Muñoz, Mary Barra Organizations: Hyundai Motor, Kia, Hyundai, Ford, General Motors, South Korean, Hyundai EV Locations: United States, U.S, Canada, Mexico, North America
Simply put, America's patchwork of CCS chargers offers spotty coverage, hard-to-use devices, and, too often, chargers that are broken. Not to mention, there are fewer than 12,000 CCS fast chargers across the U.S. today. Opening up the Tesla charging network to our customers, that's about them and it scales very quickly for them. watch nowThe broad uptake of Tesla's charging tech is generally good news. What's more, Tesla's chargers all work the same way, whereas CCS chargers from rival companies may have very different procedures.
Persons: Mark Blinch, Reuters There's, General Motors, it's, Joe Biden, Tesla, Justin Sullivan, JD Power, Brent Gruber, Ford, John Lawler, Lawler, We're, Elon Musk, EVgo Organizations: Benz, Canadian, Reuters, Ford Motor, General, Volkswagen, Cox Automotive, Consumer, Energy, Institute, University of Chicago, Associated Press, NORC, for Public Affairs Research, United Auto Workers, EV, Public, U.S . Department of Energy, , Detroit, CCS, University of California, JD, Ford EV, Ford, GM, Volvo, Mercedes, SAE International, ABB Locations: Toronto , Ontario, Canada, U.S, San Rafael , California, Berkeley, Bay, Swiss
Dividends may be harder to find these days, and that means investors should be discerning as they hunt for an income strategy, according to Berenberg. In fact, as the economy slows, investors can turn to dividend stocks to play defense. The largest company, Exxon Mobil , has a 12-month forward dividend yield of 3.3% and a surplus free-cash-flow yield of 4%, Stubbs said. It has a 4.7% 12-month forward dividend yield and a surplus free-cash-flow yield of 2.2%. It has a 12-month forward dividend yield of 5.8% and a 5% surplus free-cash-flow yield, according to Berenberg.
Persons: Jonathan Stubbs, Stubbs, Berenberg, Darren Woods, CNBC's, Eli Lilly, Ford, — CNBC's Michael Bloom Organizations: P Global Market Intelligence, Exxon Mobil, Pfizer, Food and Drug Administration, Novo Nordisk, Ford Locations: U.S, Canada
Gia Mora, an electric-vehicle enthusiast, went on a 1,000-mile road trip in a Tesla Model 3. Gia MoraWe decided to rent a longer-range electric car on Turo, a peer-to-peer car-rental app. Using a key card is different from controlling the car by appMora locks the Model 3 with a key card. Tesla Model 3 one-pedal driving is hard to adjust toBy the end of the trip, Mora felt comfortable driving the Tesla Model 3. Tesla Model 3 is worth the hypeThe Model 3 had a reliable range, accessible charging stations, luxurious seats, and glasslike driving.
Persons: Gia Mora, Mora, Tesla, Amy, Amy Senger, Steve Mandzik, Amy Senger Amy, Mora sips, San Luis Obispo, Senger, we'd, I'd, would've Organizations: Tesla, Nissan, Fiat, John Wayne Airport, Turo Locations: Northern California, San Ardo , California, Orange County , California, Orange County, Los Angeles County, Salinas, Santa Barbara, San Ardo, San Luis, San Luis Obispo , California
Ford CEO Jim Farley hit the road in an electric F-150 Lightning last week. Access to the Supercharger network in 2024 could ease these challenges. Farley hit the road in an F-150 Lightning last week , traversing Route 66 and the American West to put the electric truck through its paces. At the end of the trip on Sunday, Farley shared his experience with charging the massive electric pickup truck. But the Dearborn, Michigan-based car company is partnering with Tesla to make the Supercharger network available to Ford drivers starting next spring .
Persons: Jim Farley, Farley, Ford EVs, Tesla, Rivian Organizations: Morning, Twitter, Ford, GM Locations: American, Coalinga , California, Dearborn , Michigan
Seven automakers plan to build an electric-vehicle charging network to take on Tesla. Seven car companies are making their own charging network to take on Elon Musk's Tesla Superchargers. Tesla, by comparison, has spent over a decade building out a vast network of charging stations specifically for its owners. And that network, which historically only allowed Tesla owners to plug in, has been a huge driver of Tesla sales. It sounds like the planned charging network aims to mimic some of the things Tesla got right, and add some extra conveniences.
Persons: Tesla, Elon Musk's Tesla Organizations: Tesla, Elon, BMW, General Motors, Honda, Hyundai, Kia, Benz, Fiat, Dodge, EV, Volkswagen, CCS Locations: North America, America, North, Superchargers
Volvo Cars CEO Jim Rowan photographed in Nov. 2022. Volvo Cars does not plan to use autonomous driving technology from Tesla and will instead focus on developing its own systems, according to the company's CEO. Speaking to CNBC's "Squawk Box Europe" on Thursday morning, Volvo Cars chief Jim Rowan was asked whether this meant the business would consider using Tesla's autonomous driving tech in the future. "And we've chosen that we want to be in full control of our ADAS [advanced driver assistance systems], all the way up to full AD [autonomous driving] software," he added. In a sign of how the company's strategy is taking shape, Volvo Cars announced late last year that it had taken full ownership of Zenseact, a business specializing in AD software.
Persons: Jim Rowan, carmaker, Elon, Tesla, We've, Rowan Organizations: Volvo, Elon Musk's, Volvo Cars Locations: Gothenburg, U.S, Mexico, Canada
Before deciding to purchase a Tesla, many consumers will need to know: "How much will it cost to charge this thing?" It all depends on the Tesla model you buy and where you decide to plug in, but charging a Tesla generally costs significantly less than refueling a gas car. How much does it cost to fully charge a Tesla at a charging station? At these rates, the cost of charging a Tesla is about three times cheaper per mile than the cost of fueling a gas-powered car. The cost of charging a Tesla is more than three times cheaper per mile than the cost of fueling a gas-powered car.
Persons: Tesla Superchargers, Tesla, you'll Locations: Tesla's
The company joins American rivals Ford (F.N) and General Motors (GM.N) to adopt the North American Charging Standard (NACS) as they try to expand their network of fast-chargers in an attempt to make owning EVs easier. Mercedes-Benz will be the first German automaker to sign up for Tesla's charging design for its North American customers. Mercedes-Benz will initially offer an adapter that would help its existing EVs with the Combined Charging System in North America to charge on the NACS network from 2024. It also plans to simultaneously expand its charging network with more than 400 charging hubs, including over 2,500 high-power chargers in North America by the end of the decade. Tesla, meanwhile, has expanded beyond its connectors to include CCS at some of its U.S. charging stations as the Biden administration seeks to provide billions in subsidies to expand charging networks.
Persons: Tesla, Biden, Shivansh, Arun Koyyur Organizations: Benz, Ford, General Motors, American, Mercedes, North, Volkswagen, CCS, U.S . Department of Energy, Thomson Locations: North America, United States, Bengaluru
Electric vehicle sales fell 2.8% to 14,843 in the second quarter. It's worth noting that Ford EV sales are up 11.9% year to date, and total sales of more than 1 million vehicles in 2023 rose 10%. Despite solid quarterly sales, shares of Ford dropped more than 2.5% to just under $15 each. General Motors (GM) on Wednesday said total second-quarter U.S. auto sales increased by nearly 19% to 691,978. However, GM's electric vehicle sales in Q2 dropped 32% to 15,652.
Persons: Ford, it's, Tesla, Jim Farley, Jim Cramer's, Jim Cramer, Jim, Christopher Furlong Organizations: Ford, General Motors, Monday, EV, Federal, Energy Department, CNBC, Getty Locations: U.S, Canada, EVs, Halewood, England
Volvo EVs to now have access to Tesla superchargers
  + stars: | 2023-06-27 | by ( ) www.reuters.com   time to read: +1 min
June 27 (Reuters) - Swedish carmaker Volvo Cars (VOLCARb.ST) said on Tuesday it had signed an agreement with Tesla (TSLA.O) to give its electric vehicles (EVs) access to the EV maker's Supercharger network in the United States, Canada and Mexico. The deal makes Volvo the first European automaker to adopt Tesla's North American Charging Standard (NACS), adding to the slew of EV makers and charging equipment manufacturers taking up the technology. Tesla's Superchargers account for about 60% of the total fast chargers available in the United States, according to the U.S. Department of Energy. Its recent deals represent major strides in displacing rival standard CCS that earlier exclusively had the backing of President Joe Biden's administration. The government is offering $7.5 billion in funding to speed the deployment of EV chargers in the United States.
Persons: Joe Biden's, Akash Sriram, Maju Samuel Organizations: Volvo, Tesla, EV, Rivian Automotive Inc, General Motors, U.S . Department of Energy, Thomson Locations: Swedish, United States, Canada, Mexico, California, Bengaluru
After Ford signed a deal to get its owners access to Tesla charging, it increased Mach-E inventory. Ford tripled its advertised inventory of the Mach-E electric SUV to a total of 11,000 cars, according to S&P Global Mobility. Experts say this is a sign Ford is optimistic about the Tesla partnership boosting demand. Ford aggressively grew its stock of Mustang Mach-E electric vehicles after signing a groundbreaking deal with Elon Musk giving its customers access to Tesla charging stations, according to S&P Global Mobility. Bolstering Mach-E inventory might be Ford's way of "perhaps maximizing the marketing impact of its shared-charger arrangement with Tesla," the S&P Global Mobility note said.
Persons: Ford, Elon Musk, Tesla, Ford's Organizations: P Global Mobility, Elon, Ford, P Global, P, EV, GM
Tesla stock is on track for the biggest two-month rally since 2020 as the company secures more charging deals. The shares have surged almost 60% since end-April, buoyed by the EV maker' collaborations with GM, Ford, and Rivian. Tesla also bagged another win after Texas approved the company's charging plugs as the state's industry standard. Simultaneously, Texas said it would mandate Tesla's charging plugs as the standard for the state's electric vehicle charging companies, according to Reuters. In recent weeks, the carmaker announced partnerships with General Motors and Ford, allowing both companies to use Tesla's charging stations by 2024.
Persons: Tesla, , Elon, Rivian, RJ Scaringe, Dan Ives, bullishness Organizations: GM, Ford, Texas, Service, EV, Tesla, American, Adventure, Reuters, General Motors, Federal Reserve Locations: , Texas, China
EV maker Rivian to adopt Tesla's charging standard
  + stars: | 2023-06-20 | by ( Abhirup Roy | ) www.reuters.com   time to read: +4 min
SAN FRANCISCO, June 20 (Reuters) - Electric vehicle maker Rivian (RIVN.O) said on Tuesday it has agreed to adopt Tesla's (TSLA.O) charging standard, giving Rivian customers access to the biggest U.S. charging network and adding momentum to Tesla's bid to set the industry standard. Rivian also said it will make a Tesla-style charging port standard on its vehicles starting in 2025. While other automakers get access to Tesla's charging network, Tesla stands to profit from selling power to a bigger group of electric vehicle drivers. Tesla's charging standard had been proprietary until November, when it made the design and specifications public and rebranded the technology as the North American Charging Standard (NACS). "It's great to see the industry coming together to adopt the North American Charging Standard," Tesla's senior director of charging infrastructure, Rebecca Tinucci, said in a statement.
Persons: Rivian, Tesla, paring, Dan Ives, Tesla's, Mike Blake, RJ Scaringe, Joe Biden's, Rebecca Tinucci, Abhirup Roy, Akash Sriram, Kevin Krolicki, Will Dunham, Stephen Coates Organizations: FRANCISCO, General Motors, Ford, carmaker, EV, Wedbush Securities, Reuters, U.S . Department of Energy, REUTERS, Mike Blake Services, American, ABB, America, Toyota, Nissan, Thomson Locations: United States, Canada, Irvine , California, Carlsbad , California, U.S, Swiss, China, Japan, San Francisco, Bengaluru
REUTERS/Mike BlakeSAN FRANCISCO, June 20 (Reuters) - Electric vehicle maker Rivian (RIVN.O) said it has agreed to adopt Tesla's (TSLA.O) charging standard, giving customers access to the biggest U.S. charging network and adding momentum to Tesla's bid to set the industry standard. While other automakers get access to Tesla's charging network, Tesla stands to profit from selling power to a bigger group of electric vehicle drivers. Tesla's charging standard had been proprietary until November, when it made the design and specifications public and rebranded the technology as the North American Charging Standard (NACS). "It's great to see the industry coming together to adopt the North American Charging Standard," Tesla's senior director of charging infrastructure, Rebecca Tinucci, said in a statement. China, the world's largest market for electric vehicles, has its own charging standard.
Persons: Mike Blake, FRANCISCO, Rivian, Tesla, Tesla's, RJ Scaringe, Biden, Rebecca Tinucci, Abhirup Roy, Kevin Krolicki, Stephen Coates Organizations: REUTERS, General Motors, Ford, carmaker, U.S . Department of Energy . Services, American, ABB, America, Toyota, Nissan, Thomson Locations: Carlsbad , California, U.S, United States, Canada, Irvine , California, Swiss, China, Japan, San Francisco
Concepts that feel plucked from sci-fi novels and films are quickly making their way into mainstream travel, shaping every step of the journey. Seamus PayneLike air travel, eco-conscious hotels are paving the way for more sustainable travel in the future. HyperloopTTUS entrepreneur Elon Musk has been talking about hyperloop technology – an ultra-high-speed transport system in a low-pressure vacuum tube – for years. Meanwhile, Toronto-based TransPod hopes to bring hyperloop technology to Canada with its eponymous tube-based transportation system powered by renewable energy. By 2025, the company plans to build a 620-mile-per-hour TransPod link between Calgary and Edmonton, connecting the two cities in 45 minutes.
Persons: Elijah Nouvelage, Indira Gandhi, Paris Charles de Gaulle, Austin Farmer, we’ll, don’t, David ”, you’ll, Alexander the Great, ” Michael Breer, KAWS, collectables –, Breer, ” Breer, You’ve, ” Jetson, Peter Ternstrom, Apollo, Cruise, , what’s, Boom’s, , Seamus Payne, room2, Marcel Breuer, Tesla, charades, Yusaku Maezawa, Elon Musk, hyperloop, Virgin Hyperloop, HyperloopTT, Hardt Hyperloop Organizations: CNN, Travel, Hartsfield, Jackson Atlanta International Airport, Bloomberg, Getty, Dubai International Airport, Hong Kong International Airport, Indira, Indira Gandhi International, European Union, Emirates, Dubai International, American Airlines, United, Delta, Bluetooth, Alaska Airlines, Lufthansa, Qatar Airways, Specterras Productions, CNN Travel, VR, Aircraft, Federal Aviation Administration, Baidu, Hyundai, Las, CNN Travel ., Alphabet Inc, Beta, International Civil Aviation Organization, Alice, DHL, Air New, Concorde, Japan Airlines, Bauhaus, CEH Technologies, Origin, SpaceX, International Space, NASA, Galactic, Space Training Academy, Nastar Center, Boring Company, Virgin, Hyperloop Transportation Technologies, China Morning Post, China Aerospace Science, Industry Corporation, European Hyperloop Center Locations: Singapore, Dubai, Tokyo Narita, Tokyo Haneda, Delhi, London Heathrow, Paris, Dutch, Europe, Florence, Palmyra, Machu Picchu, New York, Ehang, China, Boston, Las Vegas, Motional, Phoenix, San Francisco, Los Angeles, North America, Austin, Beijing, Chongqing, Wuhan, Shanghai, Guangzhou, Mexico, Air New Zealand, Denver, New York City, Frankfurt, LA, Sydney, London, New Haven , Connecticut, Hungarian, Norway, Red, Saudi Arabia, Amsterdam, Chicago, Cleveland, Pittsburgh, Shanxi province, Netherlands, Toronto, Canada, Calgary, Edmonton
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