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☆ EV charging body says Tesla's charger connector is not standardized yet
▼ + stars: | 2023-06-12 | by ( ) www.reuters.com time to read: +1 min

June 12 (Reuters) - CharIN, the industry body promoting the Combined Charging System (CCS) standard to power electric vehicles, said on Monday Tesla's (TSLA.O) charging model is not a standard yet and does not provide an open charging ecosystem for the industry. U.S. automakers General Motors (GM.N) and Ford (F.N) said they will adopt Tesla's model of charging cars with their vehicles having North American Charging Standard (NACS) ports, starting 2025. Charging equipment makers Blink Charging (BLNK.O), ChargePoint (CHPT.N) and Tritium (DCFC.O) said they will offer NACS as a connector option along with CCS in their charger offerings. Tesla's NACS connector is known to be more compact and lighter than a CCS charger for fast charging, making it easier for motorists to use. The partnerships between Tesla, Ford and GM will enable the NACS standard to dominate 60% of the U.S. EV market.

Persons: CharIN, Akash Sriram, Krishna Chandra Organizations: U.S, General Motors, Ford, CCS, GM, EV, Thomson Locations: Bengaluru

☆ What EV owners need to know about Tesla's charging partnership with Ford and GM
▼ + stars: | 2023-06-10 | by ( Associated Press | ) www.businessinsider.com time to read: +5 min

Tesla's Supercharger Network will open up to Ford and GM EV owners in 2024. As part of their move, both Detroit-area automakers have decided to adopt Tesla's EV charging connector, the plug that links an electric vehicle to a charging station. With GM and Ford joining Tesla's charging system, the rest of the auto industry may be forced to follow suit. At present, two main types of EV charging plugs exist: Tesla's North American Charging Standard and CCS, used by nearly all other automakers. GM and Ford EV owners also win because they will gain access to double the number of chargers that they had before.

Persons: Tesla, Here's, Gary Silberg, you'd, Sam Abuelsamid, Ford, Abuelsamid, Silberg, Stellantis, it's Organizations: Ford, GM EV, General Motors, GM, CCS, EV, KPMG, Associated, Energy Department, Tesla, North America, Guidehouse Insights, Ford EV, Kia, Nissan, Toyota, Hyundai, VW Locations: DETROIT, Detroit, United States, U.S, North America, North, America

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

☆ Futures dip after Wall St rally, focus on Fed
▼ + stars: | 2023-06-09 | by ( ) www.reuters.com time to read: +3 min

The S&P 500 (.SPX) has risen 20% from its Oct. 12 closing low, heralding the start of a new bull market, as defined by some market participants. The Nasdaq and S&P 500 have notched new year-to-date highs in recent sessions, boosted by an AI-driven rally in megacap stocks, a better-than-expected earnings season and expectations that the Fed is nearing the end of its rate-hiking cycle. Fed fund futures are pricing in a 76% chance that the U.S. central bank will hold interest rates at the current 5%-5.25% range at its June 13-14 policy meeting, according to CMEGroup's Fedwatch tool. Signs of a resilient U.S. economy and hopes of the Fed pausing its aggressive monetary tightening have pushed volatility gauges tumbling. ET, Dow e-minis were down 75 points, or 0.22%, S&P 500 e-minis were down 6.25 points, or 0.15%, and Nasdaq 100 e-minis were down 5.75 points, or 0.04%.

Persons: Jerome Powell, Sruthi Shankar, Vinay Dwivedi Organizations: Dow, Nasdaq, BNP Paribas, Apple Inc, Amazon.com Inc, Microsoft Corp, Tesla Inc, General Motors, Tesla, GM, Dow e, Target Corp, Citi, Thomson Locations: megacap, U.S, 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

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 moves premarket: SentinelOne, Lululemon, Dupont and more
▼ + stars: | 2023-06-02 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +3 min

SentinelOne — Shares fell more than 35% in premarket trading after cybersecurity company missed revenue expectations for the first quarter and cut its full-year revenue guidance. The company reported first-quarter revenue of $133.4 million, below the consensus estimate of $136.6 million from FactSet. It sees just $141 million in revenue for the second quarter, well below the $152.1 million consensus estimate from FactSet. ChargePoint said revenue would be between $148 million and $158 million this quarter, below the consensus estimate of $165.6 million from FactSet. Asana's revenue last period was $152.4 million,compared to the analyst consensus of $150.5 million from FactSet.

Persons: MongoDB, Lululemon, Dupont De, Corteva, Morgan Stanley, ChargePoint, PagerDuty, CNBC's Hakyung Kim, Jesse Pound, Yun Li Organizations: Dupont De Nemours —, Chemours, U.S . Water Systems, Bloomberg Locations: Canadian, U.S, China, FactSet

☆ Stocks making the biggest moves after hours: Lululemon, MongoDB, Five Below and more
▼ + stars: | 2023-06-01 | by ( Samantha Subin | ) www.cnbc.com time to read: +2 min

Lululemon — Lululemon's stock popped 12% after the athletics apparel retailer posted better-than-expected fiscal first-quarter earnings and lifted its full-year guidance. However, Five Below posted revenue of $726 million, compared with Wall Street's forecast of $728 million. PagerDuty reported adjusted earnings per share that beat Wall Street's estimates, but issued weaker-than-expected revenue guidance. The electric vehicle charging stock beat Wall Street's earnings expectations but shared light guidance for the current quarter that was below consensus estimates. SentinelOne — SentinelOne shares cratered 34% after the bell as the cybersecurity company cut its revenue guidance and fell short of Wall Street's revenue expectations in the most recent period.

Persons: MongoDB, Asana, Darla Mercado Organizations: Broadcom, Revenue Locations: San Diego , California, FactSet

☆ Solar trees could soon be charging your car
▼ + stars: | 2023-05-30 | by ( Nell Lewis | ) edition.cnn.com time to read: +5 min

CNN —Metal trees with a seven-meter canopy of solar panels that generate electricity may soon be coming to car parks and shopping malls in the UK. In the UK, EV charging infrastructure is rapidly growing, with more than 40,000 public charging points installed by the end of April 2023, up 37% from the previous year, according to ZapMap, an EV mapping service. SolarBotanic Trees has partnered with RAW Charging to supply co-branded trees (shown here in a rendering) as part of a network of EV charging sites. Charging upSolarBotanic Trees are likely to cost between £18,000 and £25,000 ($22,000 to $30,000), considerably more than a conventional solar panel source. Shelley notes that he is also exploring creating a solar tree solution for powering electric scooter charging hubs.

☆ Stocks making the biggest moves midday: Nvidia, Tesla, Coinbase and more
▼ + stars: | 2023-05-30 | by ( Samantha Subin | ) www.cnbc.com time to read: +2 min

Visitors at the Nvidia stand at the 2022 Apsara Conference in Hangzhou, China, Nov 3, 2022. Nvidia — Shares of the chipmaker and artificial intelligence beneficiary popped nearly 6%, building on its recent gains on the heels of a blowout quarter. Tesla — Shares gained 6% following a Reuters report a private jet used by CEO Elon Musk arrived in China, his first visit in three years. ChargePoint — Shares rose nearly 11%. Devon Energy , Diamondback , Chevron , ExxonMobil — Energy stocks were under pressure Tuesday as prices for oil and natural gas slid.

☆ Here are Tuesday's biggest analyst calls: Nvidia, Tesla, Ford, Wayfair, Coinbase, Disney, PayPal & more
▼ + stars: | 2023-05-30 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

Here are Tuesday's biggest calls on Wall Street: Barclays reiterates Tesla as overweight Barclays said the stock is well positioned for more gains. "The dominant narrative ahead for Tesla is one of growth, with expectations for significant volume growth and share gains in the years ahead." Roth MKM upgrades Constellation Brands to buy from hold Roth MKM said it sees the company accelerating market share gains. "As weather warms, we expect the share gains for Modelo Especial and Corona to accelerate. Morgan Stanley upgrades Medtronic to overweight from equal weight Morgan Stanley said in its upgrade of Medtronic that it's turning an operational corner. "

Bank of America thinks electric vehicle charging company ChargePoint is well-positioned to capitalize on industry and regulatory tailwinds. Analyst Alex Vrabel upgraded shares to buy from neutral. His new price target of $14 implies a 65% rally from Friday's close. "CHPT [is] a best-in-class way to play [the] EV charging theme," he added. Despite the decline, Vrabel said the company's fundamentals remain intact and that he is comfortable on the "line of sight to cash inflection.

☆ 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.

☆ I drove the $62,000 Kia EV6 GT — a genius electric SUV with supercar speed. Here are 8 things it taught me.
▼ + stars: | 2023-05-04 | by ( Alanis King | ) www.businessinsider.com time to read: +8 min

I heard a lot of great things about the Kia EV6 GT before driving one myself. The Kia EV6 GT is geniusThe EV6 is Kia's new electric crossover, and it starts at $48,700. The 2023 Kia EV6 GT. The 2023 Kia EV6 GT. The 2023 Kia EV6 GT.

☆ These 3 clean tech stocks should beat the market the rest of the year, JPMorgan says
▼ + stars: | 2023-05-01 | by ( Samantha Subin | ) www.cnbc.com time to read: +3 min

Investors may want to consider betting on three downtrodden clean technology stocks situated to outperform the market as the year stretches on, according to JPMorgan. But these stocks should benefit from favorable policy tailwinds, analyst Bill Peterson said in a Monday note to clients. Support for hydrogen, electric vehicle charging and batteries following the Inflation Reduction Act should fueled strong demand for these stocks going forward, Peterson said. PLUG YTD mountain Plug Power shares in 2023 So far this year, the stock's tumbled more than 28%. Another name JPMorgan is betting on long-term is ChargePoint as a longer-term clean tech winner.

☆ Lightning Round: Go with T-Mobile over AT&T
▼ + stars: | 2023-04-25 | by ( Jim Cramer | ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailLightning Round: Go with T-Mobile over AT&T"Mad Money" host Jim Cramer weighs in on stocks, including Jazz Pharma, AT&T, Walt Disney, JD.com, Chargepoint, Petrobas and World Wrestling.

☆ Nearly half of Americans say it's unlikely they'll buy an electric vehicle as their next car: Poll
▼ + stars: | 2023-04-11 | by ( Emma Newburger | ) www.cnbc.com time to read: +3 min

Nearly half of Americans in a new poll say it's unlikely they would purchase an electric vehicle as their next car, citing the lack of charging options and the high costs as the main barriers to going electric. The findings come as the Biden administration pushes to aggressively boost EV sales and transition the country to clean energy. The White House has set a goal that up to half of all new vehicle sales be electric by 2030 in order to slash emissions and mitigate climate change. The poll found that just 35% of Americans support setting stricter auto emissions rules to encourage automakers to increase EV sales and only 27% support requiring that all new car sales be electric or hybrid vehicles by 2035. The survey also found that about half of Americans think climate policy is important, though this view is largely partisan.

☆ EPA reportedly planning to announce significant limits on tailpipe emissions to boost electric vehicle adoption
▼ + stars: | 2023-04-08 | by ( Ashley Capoot | ) www.cnbc.com time to read: +2 min

Under the proposed limits, electric cars will represent between 54% and 60% of new cars sold in the U.S. by 2030, and between 64% to 67% of new cars by 2032, the Times report said. These limits would also surpass President Joe Biden's previous goal to have all-electric cars make up around 50% of cars sold by 2030. Many automakers have already begun to make significant investments in electric vehicles, but forcing such rapid adoption of the technology will present challenges. Large numbers of all-electric cars will require expansive charging infrastructure, for instance. Even if the infrastructure is in place, consumers ultimately have to be willing to adopt electric vehicles, which means companies will also have to be able to maintain reasonable vehicle costs.

The biggest makers and network operators of EV charging stations include Tesla Inc (TSLA.O), ChargePoint Holdings Inc (CHPT.N), EVgo Inc (EVGO.O) and Electrify America. In Arizona, the state's Department of Transportation is leading efforts to build charging stations, and expects $76.5 million in federal charging funds over the next five years. The first, $1.25 billion round of the Biden buildout is focused squarely on the highway fast chargers, with later rounds including slower chargers for overnight charging, for instance. Its South Korean charger manufacturer, SK Signet Inc (260870.KN), is planning to open a Texas factory to produce up to 10,000 direct-current fast chargers annually by 2026. Shares of EVgo jumped nearly 10% on Feb. 15, when the U.S. government announced the new rules for chargers.

☆ Lightning Round: I like Sempra more than Cheniere Energy
▼ + stars: | 2023-03-21 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailLightning Round: I like Sempra more than Cheniere EnergyMad Money host Jim Cramer weighs in on all manner of stocks, including ChargePoint, Cheniere Energy and ZIM Integrated Shipping.

☆ Stocks making the biggest moves premarket: C3.ai, Zscaler, ChargePoint and more
▼ + stars: | 2023-03-03 | by ( Sarah Min | ) www.cnbc.com time to read: +4 min

Check out the companies making headlines before the bell:C3.ai — Shares surged 17% after C3.ai reported third-quarter results that topped expectations. It also reported revenue of $66.7 million, surpassing expectations of $64.2 million. The company reported adjusted earnings of 63 cents per share on revenue of $7.81 billion. Zscaler — Shares of the cybersecurity company slid 11% in premarket trading despite Zscaler beating estimates on the top and bottom lines for the fourth quarter. The wholesale retailer reported revenue of $55.27 billion, less than the consensus estimate of $55.54 billion, according to Refinitiv.

☆ Stocks making the biggest moves after hours: C3.ai, Zscaler, ChargePoint, Marvell Technology and more
▼ + stars: | 2023-03-02 | by ( Hakyung Kim | ) www.cnbc.com time to read: +2 min

The company posted a loss of 6 cents per share, compared to analysts' estimates for a 22 cent loss. Dell's revenue also exceeded expectations, coming in at $25.04 billion versus analysts' estimates of $23.39 billion. Marvell Technology — Shares of the semiconductor company shed 6% after the company posted mixed results for the fourth quarter. Meanwhile, its revenue of $1.42 billion topped the $1.40 billion analysts had expected. Hewlett Packard also posted revenue of $7.81 billion, beating estimates of $7.43 billion.

☆ Alternative Energy: 3 buys and a bail
▼ + stars: | 2023-02-28 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailAlternative Energy: 3 buys and a bailGina Sanchez, chief market strategist at Lido Advisors, joins 'The Exchange' to share 3 buys and a bail, including ChargePoint, Plug Power, First Solar, and Rivian Automotive.

☆ 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.

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