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☆ Exclusive: Exclusive: EV maker Rivian to adopt Tesla's charging standard
▼ + stars: | 2023-06-20 | by ( Abhirup Roy | ) www.reuters.com time to read: +4 min

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

☆ Ford CEO says he didn't really hesitate on the Tesla deal: 'It's good for customers'
▼ + stars: | 2023-06-20 | by ( Julie Coleman | ) www.cnbc.com time to read: +2 min

CNBC's Jim Cramer sat down with Ford CEO Jim Farley on Tuesday to discuss the company's earnings, future, electric vehicles, deal with Tesla and more at Ford's headquarters in Dearborn, Michigan. "I have no problem being opportunistic when it comes to advantaging my customers," Farley said. During negotiations, Farley said Tesla CEO Elon Musk was respectful, but "more because of Henry Ford than Jim Farley." The company split off its EV undertaking from the rest of its vehicles, and Ford now has three main sectors: Ford Blue for its conventional vehicles, Ford Model e for its EVs, and Ford Pro for its commercial vehicles. "We believe in American-made BlueOval city in Tennessee or Kentucky-built pick-up truck, EV pick-up truck, people will pay for that American technology."

Persons: CNBC's Jim Cramer, Jim Farley, Tesla, Farley, didn't, Elon Musk, Henry Ford, Ford Organizations: Ford, Ford Pro, United Auto Workers Locations: Dearborn , Michigan, Canada, America, Silicon, North America, Tennessee, Kentucky

☆ Ford CFO sees supply disruptions easing, retail prices softening
▼ + stars: | 2023-06-15 | by ( ) www.reuters.com time to read: +2 min

June 15 (Reuters) - Supply-chain disruptions are easing as retail prices for vehicles are softening, a top Ford Motor (F.N) executive said on Thursday. Lawler said Ford's recent decision to join Tesla's EV charging network will not require additional capital investment on Ford's part. Owners of Ford electric vehicles will gain access to more than 12,000 Tesla Superchargers in North America, starting in early 2024. General Motors (GM.N) last week followed Ford's lead in joining the Tesla charging network. Lawler said Ford sees continued strength and growth in its combustion vehicles "for the next few years" as it ramps up investment in and production of electric vehicles.

Persons: John Lawler, it's, Lawler, Tesla, Ford's, Ford, Tesla's, Shivansh, Paul Lienert, Joseph White, Matthew Lewis Organizations: Ford, Deutsche Bank, company's Ford Pro, EV, General Motors, New York Stock Exchange, Thomson Locations: North America, Bengaluru, Detroit

☆ 10 Things in Tech: Twitter 2.0, how to create with AI, and Reddit employees' swag warning
▼ + stars: | 2023-06-14 | by ( Nathan Rennolds | ) www.businessinsider.com time to read: +4 min

Twitter's new CEO, Linda Yaccarino, is looking to turn the site into an accurate, real-time source of information — Twitter 2.0. For Insider's most fascinating stories of the day, delivered right to your inbox, sign up for Insider Today. Twitter logo and Linda Yaccarino. Linda Yaccarino wants to turn the platform into a place where you can find accurate, timely information on hot topics with minimum effort. Reddit CEO Steve Huffman has told staff to avoid wearing branded gear amidst a mass revolt by the platform's users.

Persons: Nathan Rennolds, Linda Yaccarino, Tayfun, Isaac Brekken, —, Yaccarino, Nat Friedman, Rich, it's, Steve Huffman, Tesla, TikTok, Bernstein, Tim Levin, Hallam Bullock Organizations: Twitter, Insider, Anadolu Agency, Getty Images, Penske Media, Getty, Bloomberg, Nvidia, eBay, Ford, GM, Google, Toyota bZ4X AWD, Toyota, Washington DC, Everest Locations: London, New York, Washington, Everest's

☆ Tesla's charging deals with GM and Ford have charging rivals scrambling to keep up
▼ + stars: | 2023-06-13 | by ( Graham Rapier | ) www.businessinsider.com time to read: +2 min

Tesla is slowly opening many of its charging stations to vehicles of other automakers. Ford and GM recently said their cars will be able to use Tesla Superchargers. It looks like Tesla's Superchargers are going to win out after all. Tesla's NACS will now compete with two other main charging port types: CCS and CHAdeMO, which companies like Tritium and EVgo also offer. Tesla only recently switched to the name "North American Charging Standard" recently, a move that appears to have paid off.

Persons: Tesla, Ford, Jaan Juurikas, Tesla's NACS, Dan Ives Organizations: Ford, GM, Morning, General Motors, American, Tesla, EV, Hyundai, Kia, Volkswagen, Wedbush Securities Locations: Australian

☆ Analysis: EV charger makers guardedly look to adopt Tesla standard
▼ + stars: | 2023-06-12 | by ( Abhirup Roy | ) www.reuters.com time to read: +5 min

The White House said on Friday that EV charging stations that offer Tesla plugs would be eligible for billions of dollars in federal subsidies as long as they included CCS connectivity. The White House aims to spur deployment of hundreds of thousands of chargers, which it sees as integral to EV adoption. The person, who now works for a charging company, is not authorized to speak to the media and declined to be named. The company that is developing CCS chargers, is "reviewing" its strategy because of the Tesla-GM deal. Logvinov, who is also chief executive of EV charging parts supplier IoTecha, said CCS was worth backing because it had worked for more than a decade with multiple vendors.

Persons: Biden, Tesla, Asaf Nagler, Ashley Horvat, BLNK.O, Jonathan Levy, Aatish Patel, Patel, Superchargers, Oleg Logvinov, Abhirup Roy, Hyunjoo Jin, Jarrett Renshaw, Sayantani Ghosh, Jonathan Oatis Organizations: Ford, GM, Tesla Inc, Tesla's, EVgo Inc, ABB, America, ABB Ltd, Schneider, EV, Ford Motor Co, General Motors Co, ChargePoint Holdings, Reuters, Tesla, CharIN, Logvinov, IoTecha, Thomson Locations: U.S, Swiss, America, CharIN North America, San Francisco, Philadelphia

June 9 (Reuters) - The White House on Friday said electric-vehicle charging stations using Tesla (TSLA.O) standard plugs would be eligible for billions of dollars in federal subsidies as long as they included the U.S. charging standard connection, CCS, as well. The statement follows separate announcements by U.S. automakers Ford Motor (F.N) and General Motors (GM.N) that they were adopting the Tesla model of charging, known as the North American Charging Standard (NACS). Tesla shares rose 4.1%. Some of them said on Friday that they would work to adapt to the Tesla standard. [1/2] Tesla charging stations are pictured in a parking lot in Shanghai, China March 13, 2021.

Persons: Biden, Tesla, Robyn Patterson, Patterson, Tesla's, Oleg Logvinov, Aly, Logvinov, Sam Houston, Danni Hewson, AJ Bell, Blink, Jonathan Levy, We've, They've, Asaf Nagler, ChargePoint, Jarrett Renshaw, Abhirup Roy, Hyunjoo Jin, Chavi Mehta, Bhanvi, Sayantani Ghosh, David Gaffen, Peter Henderson, Matthew Lewis Organizations: U.S, Ford Motor, General Motors, American, CCS, Analysts, Ford, GM, EV, Reuters, Volkswagen, Hyundai Motor, Kia, IoTecha, REUTERS, CharIN, Union of Concerned, Tesla, ABB, America, Thomson Locations: United States, Shanghai, China, CharIN North America, Swiss, Philadelphia, San Francisco, Bengaluru

☆ White House welcomes Tesla to take advantage of federal dollars
▼ + stars: | 2023-06-09 | by ( Jarrett Renshaw | ) www.reuters.com time to read: +5 min

June 9 (Reuters) - The White House on Friday said electric-vehicle charging stations using Tesla (TSLA.O) standard plugs would be eligible for billions of dollars in federal subsidies as long as they included the U.S. charging standard connection, CCS, as well. Tesla shares rose as much as 7.5% on Friday but pared gains to close 4.1% higher at $244.40. Analysts said the Ford and GM news was a big win that could make Tesla Superchargers an industry standard in the United States. GM and Ford shares closed up 1.1% and 1.3%, respectively. Musk on Friday said in a tweet it would be "ideal" for Tesla chargers to need only CCS adapters to meet federal charging standards.

Persons: Biden, Tesla, Robyn Patterson, Patterson, Tesla's, Sam Houston, Danni Hewson, AJ Bell, Blink, Jonathan Levy, ChargePoint, Musk, Jarrett Renshaw, Hyunjoo Jin, Abhirup Roy, Chavi Mehta, Bhanvi, Sayantani Ghosh, David Gaffen, Peter Henderson, Matthew Lewis Organizations: U.S, Ford Motor, General Motors, American, CCS, Ford, GM, EV, Reuters, Volkswagen, Hyundai Motor, Kia, Union of Concerned, Tesla, Elon, Thomson Locations: United States, Philadelphia, San Francisco, Bengaluru

☆ Warner Bros Discovery and Tesla power this week's gains as S&P 500 hits highest level since August
▼ + stars: | 2023-06-09 | by ( Michelle Fox | ) www.cnbc.com time to read: +3 min

Warner Bros Discovery and Tesla helped push the market higher this week, as the S & P 500 approached its fourth straight week of gains. Warner Bros Discovery popped 19% week to date, and still has another 47% upside — based on FactSet's average analyst price target. About 59% of the analysts covering the stock rate it a buy. Meanwhile, Tesla 's ride higher continued this week, with the electric vehicle maker climbing about 16% since Monday. Norwegian has rallied more than 41% in 2023, but just 37% of analysts covering the stock rate it a buy.

Persons: Tesla, Chris Licht, Donald Trump, Itay Michaeli Organizations: Warner Bros Discovery, Warner Bros, CNN, GM, Ford, Citi, Cruise, Cruises Locations: Norwegian

☆ Tesla stock charges upwards on deal with GM
▼ + stars: | 2023-06-09 | by ( Peter Valdes-Dapena | ) edition.cnn.com time to read: +3 min

Both Ford and GM EV drivers will, for now, need special adapters to allow their vehicles to use Tesla chargers. Tesla’s charging system had been proprietary and only usable by Teslas – although Teslas could use CCS chargers with an adapter. But CEO Elon Musk announced in late 2022 that he was inviting other automakers and charging companies to use Tesla’s charging system and design standards. Tesla’s NACS chargers outnumber CCS chargers in the United States by a factor of two to one, according to Tesla. Other automakers, such as KIa, Hyundai, BMW, Mercedes and Volkswagen, still use the CCS charging standard and have not announced any plans to change.

Persons: CNN — Tesla, ”, Gary Silberg, –, Elon Musk, Mary Barra, Sam Abuelsamid, Tesla, Justin Sullivan, Guidehouse’s, KPMG’s Silberg, Abuelsamid, Musk, GM’s Organizations: CNN, General Motors, Ford, GM EV, Tesla, KPMG, GM EVs, Guidehouse, CCS, GM, GM’s Chevrolet, Cox Automotive, KIa, Hyundai, BMW, Mercedes, Volkswagen Locations: United States, CALIFORNIA, San Rafael , California, North America

☆ GM CEO to discuss future of EV charging with Musk on Twitter
▼ + stars: | 2023-06-08 | by ( David Shepardson | ) www.reuters.com time to read: +1 min

June 8 (Reuters) - General Motors (GM.N) Chief Executive Mary Barra said on Twitter she will discuss the future of EV charging with Tesla (TSLA.O) CEO Elon Musk at 4:30 p.m. EDT (2030 GMT) on Thursday. Musk said on Twitter, "Thank goodness! Musk acquired Twitter last year. Ford (F.N) CEO Jim Farley held a similar discussion with Musk on Twitter last month announcing the No. Farley told CNBC last month that GM and other automakers are going to "have a big choice to make" in selecting between Tesla's EV chargers and the Combined Charging System (CCS).

Persons: Mary Barra, Elon Musk, Musk, Jim Farley, Tesla, Farley, David Shepardson, Matthew Lewis Organizations: General Motors, Twitter, EV, GM, Ford, CNBC, Thomson Locations: America, Barra, U.S, North America, Washington

The deal, announced last month, would open more than 12,000 Tesla Superchargers to drivers of Ford vehicles in North America starting in 2024. SS&C has invested in such charging companies as ChargePoint Holdings Inc (CHPT.N), EVgo Inc (EVGO.O) and Blink Charging Co (BLNK.O). The Ford deal was a boost to Tesla's more widespread, reliable North American Charging Standard (NACS) and dented the value of smaller players offering the rival Combined Charging System (CCS). Complaints about other charging companies' software bugs or broken charging hardware only opens the door to greater access for Tesla's standard, however, industry officials said. Under its new deal, Ford will distribute Tesla adapters to customers and starting in 2025 will equip future EVs with NACS.

Persons: Joe Biden, Paul Baiocchi, Ford, Elon Musk, Tesla's, Biden, Pete Buttigieg, Tesla, Lazard, Mohit Kohli, Chris Harto, Arcady Sosinov, Chris Anthony, Sosinov, Abhirup Roy, Hyunjoo Jin, David Shepardson, Jarrett Renshaw, Ben Klayman, Matthew Lewis Organizations: FRANCISCO, Ford, North America, U.S, SS, C ALPS Advisors, ChargePoint Holdings, EVgo Inc, CNBC, CCS, EVs, Volta, Volkswagen AG, General Motors Co, BMW, Consumer, Aptera, Thomson Locations: U.S, North, Europe, San Francisco, Washington

☆ Stocks making the biggest premarket moves: ChargePoint, Ford, Nvidia, Tesla and more
▼ + stars: | 2023-05-30 | by ( Michelle Fox | ) www.cnbc.com time to read: +2 min

Check out the companies making some of the biggest moves in premarket trading:ChargePoint — Shares of the electric vehicle charging station company jumped 5% premarket after Bank of America upgraded the stock to buy. Tesla — Shares gained 3% premarket. Last Thursday, Tesla and Ford announced a partnership giving Ford owners access to Tesla Superchargers. Coinbase — Shares gained 4% in premarket trading. Nvidia — Shares continued to near $1 trillion in market value, up 3.7% in premarket trading.

☆ Ford's EV charging deal with Tesla puts pressure on GM, other rival automakers
▼ + stars: | 2023-05-26 | by ( Michael Wayland | ) www.cnbc.com time to read: +1 min

DETROIT – A surprise deal between Ford Motor and Tesla on electric vehicle charging technology and infrastructure could put new pressure on other automakers' EV strategies. The tie-up between the two rivals will give Ford owners access to more than 12,000 Tesla Superchargers across the U.S. and Canada, starting early next year. More importantly, Ford's next generation of EVs — expected by mid-decade — will use Tesla's charging plug, allowing owners of Ford vehicles to charge at Tesla Superchargers without an adapter. Ford CEO Jim Farley and Tesla CEO Elon Musk announced the deal Thursday during a live audio discussion on Twitter Spaces. Tesla vehicles and its Supercharger network use what's known as NACS.

☆ Ford CEO Jim Farley on new Ford-Tesla EV partnership: It's a bet for our customers
▼ + stars: | 2023-05-26 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFord CEO Jim Farley on new Ford-Tesla EV partnership: It's a bet for our customersFord CEO Jim Farley joins 'Squawk Box' to discuss the company's new partnership with Tesla, where Ford owner will be granted access to thousands to Tesla superchargers across the U.S. and Canada starting early next year, how the alliance was forged, and more.

Persons: Jim Farley, It's, Tesla Organizations: Ford, Tesla Locations: Canada

☆ Stocks making the biggest moves midday: Ford, Marvell Technology, Paramount, Gap and more
▼ + stars: | 2023-05-26 | by ( Michelle Fox | ) www.cnbc.com time to read: +3 min

Tesla 's stock gained 4.72%. Marvell Technology — The semiconductor stock soared 32.42% after the company's earnings beat analyst expectations. Despite reporting an earnings and revenue beat, shares fell on the company's reduced operating margin outlook for the full year. Paramount — Shares of the media company gained 5.89% after National Amusements, Paramount's majority voting shareholder, announced a $125 million preferred equity investment by BDT Capital Partners. Workday also raised the low end of its full-year subscription revenue guidance and named a new chief financial officer, Zane Rowe.

DETROIT – Ford Motor will partner with Tesla on charging initiatives for its current and future electric vehicles in an unusual tie-up between the two rivals, CEOs of the automakers announced Thursday. Under the agreement current Ford owners will be granted access to more than 12,000 Tesla Superchargers across the U.S. and Canada, starting early next year, via the use of an adapter. And, Ford's next-generation of EVs — expected by mid-decade — will include Tesla's charging plug, allowing owners of Ford vehicles to charge at Tesla Superchargers without an adapter, making Ford among the first automakers to explicitly tie into the network. A Ford spokesman said the company has "this option available to us but have no news to share today." A separate Ford spokesman told CNBC that pricing for charging "will be competitive in the marketplace."

☆ A Tesla driver was fatally shot following an argument at a charging station
▼ + stars: | 2023-05-04 | by ( Sarah Jackson | ) www.businessinsider.com time to read: +2 min

A Tesla driver in Colorado was fatally shot on Wednesday at a Tesla Supercharger station. The man who allegedly shot the driver left the scene before calling police; he was subsequently taken into custody. A Tesla driver was killed Wednesday following an altercation at a charging station. The man who allegedly shot the Tesla driver left the scene before calling police to report what happened, Fulton said. Tesla Superchargers were previously only available to owners of Tesla vehicles.

☆ Tesla reports 422,875 deliveries for first quarter of 2023
▼ + stars: | 2023-04-02 | by ( Lora Kolodny | ) www.cnbc.com time to read: +2 min

Tesla on Sunday posted its first-quarter vehicle production and delivery report for 2023. The company reported deliveries of 10,695 of its higher-priced Model S and X vehicles, about 2% of deliveries in the quarter. Tesla reported deliveries of 412,180 of its lower priced Model 3 sedan and Model Y crossover during the quarter. The first quarter of 2023 was marked by repeated price cuts by Tesla including in the U.S., Europe and China. Tesla shares rose more than 60% in the first quarter to close at $207.46 on Friday ahead of the production and deliveries report.

☆ Tesla opening its exclusive Superchargers to rivals leaves some owners worried about waiting in line behind Fords and Kias
▼ + stars: | 2023-03-16 | by ( Tim Levin | ) www.businessinsider.com time to read: +5 min

The reliable and extensive Supercharger network used to be only for Tesla owners. Some Tesla owners worry the move could lead to long waits at charging stations. He believes the Tesla charging experience is so far ahead of the competition that non-Tesla owners will arrive in droves. Other Tesla owners Insider spoke with don't foresee major issues and cheer a move that could accelerate EV adoption. Experts said Tesla Superchargers could get more crowded, but there probably won't be major issues.

☆ You'll be able to plug in any EV at some Tesla Superchargers by the end of 2024
▼ + stars: | 2023-02-15 | by ( Kate Duffy | ) www.businessinsider.com time to read: +2 min

The Biden administration said Tesla will open at least 7,500 chargers to all EVs by the end of 2024. EV drivers must use the Tesla app or website to use the charging stations, the White House said. EV drivers will need to use the Tesla app or website to take advantage of Superchargers, the administration said. Tesla also agreed to more than double its US network of Superchargers, which are made in Buffalo, New York, it added. The White House said it aimed to create a "convenient, reliable and Made-in-America electric vehicle charging network so that the great American road trip can be electrified."

☆ Solar electric vehicle startup says its car will go 400 miles on a full battery and never needs to be charged
▼ + stars: | 2023-01-23 | by ( Tim Levin | ) www.businessinsider.com time to read: +4 min

The California-based company unveiled in January its Launch Edition solar vehicle, its first model that will hit customer driveways. Aptera Launch Edition vehicle. Aptera Launch Edition vehicle. Aptera Launch Edition vehicle. Aptera Launch Edition vehicle.

☆ The US needs 8 times more charging stations by 2030 to handle the coming wave of electric cars
▼ + stars: | 2023-01-09 | by ( Alexa St. John | ) www.businessinsider.com time to read: +3 min

Charging needs to quadruple by 2025 and grow eight-fold by 2030 to accommodate EVs. Specifically, the US needs to quadruple its charging infrastructure by 2025, and grow it more than eight times by 2030, according to a new report out of S&P Global Mobility. Automakers are betting their futures on available chargingA lack of charging infrastructure is a problem, as nearly every major automaker is buying into electrification with billions in new technology, models, and manufacturing. That's despite the fact that a majority of EV charging can be done at home — if an EV owner has access to a garage and plug. That could change with more and more momentum from the Biden Administration, which is targeting a national network of 500,000 public charging stations by 2030 and has slated $7.5 billion toward charging build-out.

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