Tesla: The New Standard in EV Charging

JARYL
2023-06-22

Texas says state-funded EV charging stations need to include Tesla’s NACS connector. Texas says it will require state-funded electric vehicle charging stations to have a connector for Tesla’s North American Charging Standard (NACS). The news comes as automakers such as Ford, GM and Rivian shift to adopting the NACS and away from the Combined Charging System (CCS).The Texas Department of Transportation told Reuters that the automakers’ move to NACS prompted the requirement for EV charging companies to install NACS connectors if they want to be included in a state program that involves federal funding. DC fast chargers in the state will still need to have a CCS connector to obtain federal dollars through the program.The US Department of Transportation has earmarked up to $7.5 billion in funding for high-speed charging stations along highways. It said EV charging companies would need to include a CCS connector, and now Texas is adding another requirement. States are free to add extra provisons as long as they abide by the federal rules.Tesla said last year it would open source the NACS in the hopes of getting other automakers to adopt it. Tesla has the largest slice of EV charging infrastructure in the US — it claims its more than 21,000 Supercharger points account for around 60 percent of the country’s fast-charging stations. In the last several weeks, GM and Ford announced they would offer owners of their vehicles (which currently use CCS) an NACS adapter before fully embracing that standard in future models. Rivian followed suit with a similar announcement this week. EV charging companies such as ChargePoint and EVgo have said they’re looking into adding NACS to their charging points. As Reuters notes, Texas’ move may prompt other states to push EV charging companies to include an NACS connector. The report suggests that states including California, Michigan and Iowa are reviewing the state of the charging market, while at least one other is said to be considering an incentive for companies to include an NACS port.

Texas says it will require state-funded electric vehicle charging stations to have a connector for Tesla's North American Charging Standard (NACS). The news comes as automakers such as Ford, GM and Rivian shift to adopting the NACS and away from the Combined Charging System (CCS).

$Tesla Motors(TSLA)$ 

  

Will you bottom Tesla at $200 or $180?
Tesla stock continues to dip as the company announced a fresh round of price cuts in mainland China. Tesla already lost 25% this month. If you plan to add, at what price will you buy Tesla? Will you sell put of Tesla at $180?
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Comments

  • fishinglo
    2023-06-27
    fishinglo

    Tesla is paying off its debts and accumulating cash, meaning expansion is coming soon, 550 by eoy

  • shining87
    2023-06-27
    shining87

    Oversold on the 4 hour chart, I would look to buy in here. This is gonna go to 300+.

  • XantheJuliana
    2023-06-27
    XantheJuliana

    Tesla is slated to announce record deliveries for the second quarter, probably on Sunday, July 2. Wall Street predicts Tesla deliveries growing 74% to 445,000, according to FactSet.

  • YeddaJohnson
    2023-06-27
    YeddaJohnson

    Tesla will reach great heights by the time results are out by July 2nd.I have not sold even one share though lost lots of money by nearly 15 percent drop

  • YvetteGunther
    2023-06-27
    YvetteGunther

    I’m long and bullish Tesla. Careful with a premarket trap. Best to let gains (if they materialize) settle for a couple sessions.

  • jeffry09
    2023-06-27
    jeffry09

    Everything under 10$ up in PM is risky to come down ;)

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