Tesla jumps as GM deal makes its charging network closer to US standard

Logo Channel NewsAsiaChannel NewsAsia
2023-06-09 19:20:00  • 3 mins

Best News Website or Mobile Service

WAN-IFRA Digital Media Awards Worldwide

Best News Website or Mobile Service

Digital Media Awards Worldwide

:Tesla shares were up 5 per cent on Friday after General Motors joined Ford in agreeing to use its electric-vehicle charging network, a big win that analysts said could make Tesla Superchargers an industry standard in the United States.

The rare partnership among three of the biggest U.S. automakers ensures that more than 60 per cent of the country's EV market can access Tesla's North American Charging Standard (NACS), which should make it the primary network in the country.

The White House on Friday said electric-vehicle charging stations using Tesla 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 is hoping that CCS adapters will help it meet that requirement to qualify for federal tax dollars," said Garrett Nelson, senior investment strategist at CFRA Research.

Continue read on channelnewsasia.com

Key Points About 80% of all EV charging takes place at home, according to the Department of Energy. Sixty percent of Level 1 users say they are likely to...
Logo CNBCCNBC
2023-09-29 14:00:27  • 1 min
Electric vehicle sales are increasing sharply and that's boosted EV stocks in 2023. But automakers are fighting over customers in electric vehicles, which is...
Logo NasdaqNasdaq
2023-09-29 10:30:00  • 1 min
Key Points The United Auto Workers union is holding up negotiations with Ford Motor over future EV battery plants, Ford CEO Jim Farley said Friday. "I...
Logo CNBCCNBC
2023-09-29 17:23:43  • 1 min
The electric vehicle (EV) market is jam-packed with competitors ranging from younger entrants such as Tesla, Rivian, or Polestar to legacy automakers like...
Logo NasdaqNasdaq
2023-09-29 09:38:00  • 2 mins
Best News Website or Mobile Service WAN-IFRA Digital Media Awards Worldwide 2022 Best News Website or Mobile Service Digital Media Awards Worldwide 2022...
Logo Channel NewsAsiaChannel NewsAsia
2023-09-29 10:12:01  • 1 min
Best News Website or Mobile Service WAN-IFRA Digital Media Awards Worldwide 2022 Best News Website or Mobile Service Digital Media Awards Worldwide 2022 Ford...
Logo Channel NewsAsiaChannel NewsAsia
2023-09-27 10:04:16  • 1 min
Investing.com -- The United Auto Workers union may reportedly expand its ongoing strikes at plants owned by three big U.S. automakers on Friday if labor...
Logo Investing.comInvesting.com
2023-09-29 13:38:10  • 1 min
Its one of the oldest adages in the gaming ecosystem: the house always wins. That doesnt mean the house always wins every hand or roll of the dice. But play...
Logo NasdaqNasdaq
2023-09-29 15:00:03  • 1 min
The United Automobile Workers union said more of its members would walk off the job two weeks after it began strikes at the Big Three automakers. The United...
Among the underlying components of the Russell 3000 index, we saw noteworthy options trading volume today in General Motors Co (Symbol: GM), where a total of...
Logo NasdaqNasdaq
2023-09-29 19:26:07  • 1 min
What happened Shares of Nikola Corp. (NASDAQ: NKLA) rocketed as much as 36% higher this week, according to data provided by S&P Global Market...
Logo NasdaqNasdaq
2023-09-29 22:56:56  • 2 mins
The Canadian government matched financial incentives available in the U.S. to attract the investment from Northvolt, a Swedish company. Northvolt, a Swedish...
Key Points Northvolt announced Thursday it will establish a fully integrated lithium-ion battery gigafactory in the Canadian province of Quebec its first...
Logo CNBCCNBC
2023-09-29 11:10:27  • 1 min
Key Points The United Auto Workers union will expand strikes against General Motors and Ford Motor. UAW President Shawn Fain said Chrysler-parent Stellantis...
Logo CNBCCNBC
2023-09-29 14:57:09  • 1 min
The United Auto Workers union is expanding its strike against U.S. automakers to two new plants, as 7,000 workers at a Ford plant in Chicago and a General...
Logo CBCCBC
2023-09-29 15:56:22  • 1 min
Tesla CEO Elon Musk arrives for a U.S. Senate bipartisan Artificial Intelligence Insight Forum at the U.S. Capitol in Washington, D.C., on Sept. 13, 2023....
Logo CNBCCNBC
2023-09-29 16:37:06  • 2 mins
Key Points Non-Chinese brands of electric cars, such as Tesla and BMW, could be examined as part of an ongoing subsidy investigation on China that the...
Logo CNBCCNBC
2023-09-28 08:27:25  • 1 min
MANILA -Philippine logistics startup Mober unveiled on Wednesday its flagship electric vehicle (EV) charging station in Pasay City, holding a public showcase...
Logo Inquirer.netInquirer.net
2023-09-28 23:56:51  • 1 min
The government has confirmed the majority of new cars sold in Britain will have to be electric by 2030 despite Rishi Sunaks decision last week to delay a ban...
Logo The GuardianThe Guardian
2023-09-28 15:56:49  • 1 min
Over the past few years, investors have paid a growing amount of attention to semiconductor stocks. Advanced chips are powering an increasing number of...
Logo NasdaqNasdaq
2023-09-29 20:00:00  • 1 min