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☆ Factbox: Makers of EVs, chargers adopt Tesla's charging standard
▼ + stars: | 2023-06-16 | by ( ) www.reuters.com time to read: 1 min

June 16 (Reuters) - General Motors (GM.N) and Ford (F.N) have in recent weeks said they would allow their electric-vehicle customers to use Tesla's (TSLA.O) charging network, in a move that could make the Elon Musk-led company's superchargers the industry standard. Tesla's North American Charging Standard (NACS) is more widely available and reliable than rival charging network CCS, which is backed by automakers such as Volkswagen (VOWG_p.DE) and Hyundai Motor (005380.KS)Analysts and industry experts expect more makers of EVs and chargers to forge partnerships with Tesla as they look to take advantage of its several thousand charging stations in the United States. Here is a list of the companies adopting NACS:Reporting by Akash Sriram and Jaspreet Singh in Bengaluru; Editing by Anil D'SilvaOur Standards: The Thomson Reuters Trust Principles.

Persons: company's, Tesla, Akash Sriram, Jaspreet Singh, Anil D'Silva Organizations: General Motors, Ford, Elon, CCS, Volkswagen, Hyundai, Thomson Locations: KS, United States, Bengaluru

☆ 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

☆ 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

☆ Tesla may just be starting to unlock its true potential
▼ + stars: | 2023-06-10 | by ( Cadie Thompson | ) www.businessinsider.com time to read: +5 min

Tesla will let Ford and GM access its Supercharger network starting in 2024. Tesla is beginning to show just how much potential its technology and infrastructure really have. Starting in 2024, both automakers will be able to give their customers access to Tesla's expansive charging network with adapters. But this may just be the beginning of Tesla starting to cash in on its proprietary technologies. Even with the addition of Ford, GM, and other car makers," Munster said.

Persons: Tesla, Elon Musk, Dan Ives, Musk, What's, Cathie Wood, Wood, Gene Munster, They've, Munster, It's, Ives Organizations: Ford, GM, EV, Wedbush Securities, CNBC, Ives, Apple, Ark, Deepwater Asset Management, Supercharging Locations: 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

☆ 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

☆ What Tesla charging partnerships with Ford and GM mean for the EV industry
▼ + stars: | 2023-06-09 | by ( John Rosevear | In Jrosevear | ) www.cnbc.com time to read: +4 min

Most other EVs and charging stations in the U.S. use the public domain Combined Charging System (CCS) plug standard. Currently, Tesla EVs can use CCS chargers with an adapter, but only Teslas can use NACS chargers. An August 2022 study by JD Power found similar results for CCS chargers in other parts of the country. Notably, it also found Tesla's charging network to be much more reliable. Potential buyers of a Ford or GM EV might like what they experience on a test drive, but without a reliable charging network, both have been at a disadvantage to Tesla.

Persons: Harry Langer, Tesla, JD Power, we've, Barra, CNBC's, Jim Farley, Farley Organizations: American, Detroit, University of California, San Francisco Bay Area, JD, CCS, Ford, GM, ICE Locations: Merklingen, Germany, U.S, Berkeley, San Francisco Bay, Canada

☆ 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

☆ Tesla adds General Motors to growing list of companies that will use its Superchargers
▼ + stars: | 2023-06-08 | by ( Graham Rapier | ) www.businessinsider.com time to read: +2 min

GM cars will be able to use Tesla's Supercharger network. Lack of charging access is one of the biggest hurdles to EV adoption right now. General Motors vehicles will soon be able to charge at a large swath of Tesla's vast Supercharger network starting in 2024, the two companies announced Thursday. Tesla has also opened parts of its European charging network to other cars. Tesla has more than 20,700 Supercharger plugs in North America, according to the Department of Energy, making it easily the largest charging network.

Persons: Tesla, Mary Barra, Elon Musk Organizations: Ford, General Motors, American, Elon, Department of Energy, GM Locations: United States, North America

☆ GM wants to adopt Tesla’s charging network as ‘the standard’
▼ + stars: | 2023-06-08 | by ( Samantha Delouya | ) edition.cnn.com time to read: +2 min

CNN —General Motors electric vehicle owners can soon access Tesla’s vast network of electric vehicle fast chargers, called Superchargers, both companies announced Thursday. GM said it will begin to integrate Tesla’s charging ports, dubbed the North American Charging Standard (NACS), into new EVs in 2025. GM’s move to adopt Tesla’s charging standard comes on the heels of Ford making a similar announcement for its electric cars. In a statement, GM said it hopes its partnership with Tesla will help move the entire EV industry towards Tesla’s NACS charging ports. GM and Ford’s partnerships with Tesla help tackle a common criticism of mass electric vehicle adoption: that long stretches of highway in the US lack critical EV charging infrastructure.

Persons: “, Mary Barra, GM’s, Tesla, Elon Musk, Barra, Musk, ” Organizations: CNN — General Motors, GM, American, Ford, Twitter, EV, CCS Locations: United States, Canada, California, New York

☆ 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.

☆ 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.

☆ 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

[1/2] A Tesla vehicle is charged at a Tesla supercharging station in Kettleman City, California, U.S., January 25, 2023. REUTERS/Mike Blake/File PhotoMay 26 (Reuters) - Ford Motor Co (F.N) shares jumped by more than 7% on Friday after the No. 2 U.S. automaker announced a deal allowing its electric-vehicle owners to access rival Tesla Inc's (TSLA.O) charging stations in North America. Ford shares were up 7.6% at $12.25 in afternoon trade, while Tesla shares rose 7.5% to $197.95. U.S. Transportation Secretary Pete Buttigieg praised the Ford-Tesla deal, but told CNBC that the Biden administration would not dictate an EV charging standard.

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."

☆ Ford partners with Tesla for access to EV Superchargers
▼ + stars: | 2023-05-25 | by ( Samantha Delouya | ) edition.cnn.com time to read: +2 min

CNN —Ford electric vehicle owners will soon gain access to Tesla’s vast EV charging network, according to the CEOs of both companies. Beginning next year, Ford EV owners in the United States can use the Ford’s mobile app to use Tesla’s 12,000 Supercharger stations — the company’s name for its fast charging stations. Tesla’s charging stations outnumber CCS stations in the United States. Existing Ford electric vehicles will use an adapter to access Tesla’s Superchargers. In November, Musk invited other EV makers to build vehicles using Tesla charging ports.

Persons: Jim Farley, Tesla, Elon Musk, Musk, “, ” Musk, Farley, Ford’s, ” Farley Organizations: CNN, Ford, Ford EV, Twitter, General Motors, Audi Locations: United States, California, New York

☆ I drove the $180,000 Lucid Air. It solved my EV range anxiety and charged faster than I've ever seen.
▼ + stars: | 2023-05-18 | by ( Tim Levin | ) www.businessinsider.com time to read: +5 min

I drove the Lucid Air Grand Touring Performance, a $180,000 electric sedan. The Lucid Air Grand Touring Performance. The Lucid Air Grand Touring Performance. The Lucid Air Grand Touring Performance. The Lucid Air Grand Touring Performance.

☆ This under-the-radar EV charging stock could soar by 60%, Bank of America says
▼ + stars: | 2023-05-10 | by ( Ganesh Rao | ) www.cnbc.com time to read: +2 min

Bank of America doubled down on its buy rating for electric vehicle charging company Wallbox and expects its shares to rise by more than 60% over the next 12 months to $5.5 a share. The Barcelona-based company manufactures home electric vehicle chargers and public charging systems for the North American and European markets. The stock trades on the New York Stock Exchange and has declined by 70% over the past year. For example, the bank added that growth has slowed due to slower adoption of electric cars amid supply chain disruption. Bank of America estimates that Wallbox has begun manufacturing these units and will benefit from U.S. subsidies in the Inflation Reduction Act.

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