Latest / Elon Musk Podcast / Tesla charging network hold out Lucid motors says NO to TESLA NACS

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Tesla charging network hold out Lucid motors says NO to TESLA NACS · Elon Musk Podcast

• 0:07
  The electric vehicle sector experience.
• 0:09
  A significant shift on Tuesday is rivi on an American
• 0:12
  automaker. Specializing in electric pickup,
• 0:15
  trucks, and SUVs confirmed. Its decision to adopt test has
• 0:18
  proprietary charging standard. This watershed moment, propels
• 0:22
  Vivian's customers out of the largest EV charging Network in
• 0:25
  the United States and augments Tesla's aspiration to establish
• 0:29
  a Cecily adopted industry, standard Arabian with its roots
• 0:34
  firmly planted in Illinois. Projected that its patrons would
• 0:37
  enjoy access to a whopping twelve thousand Tesla
• 0:40
  superchargers sprinkled across the u.s. and Canada starting in
• 0:43
  the spring of 2024. This compatibility would require
• 0:46
  adapters in the initial phase. Additionally, the automaker is
• 0:50
  played a progressiveness towards incorporating a Tesla style
• 0:54
  charging port as standard on its Vehicles by the year 2025
• 0:58
  replacing its current proprietary Elegy currently
• 1:02
  Vivian operates, a modest network of its own fast charging
• 1:05
  stations. However, the Allure of Tesla's
• 1:07
  connector touted for its compactness and extensive
• 1:10
  infrastructure has led Vivian's leadership to the Strategic
• 1:14
  pivot. They said we see a golden
• 1:16
  opportunity to capitalize on the charging infrastructure that
• 1:20
  Tesla has painstakingly built. Now this alliance with Tesla
• 1:24
  forms, part of a recent Trend that has seen several automakers
• 1:28
  and charging infrastructure providers.
• 1:30
  Choosing to adopt Tesla's charging standard on the same
• 1:33
  day as reviens announcement. BTC power, a major player in EV
• 1:37
  charging Solutions, declared its plan to integrate Tesla's
• 1:40
  standard into its portfolio. The government of Texas echoed
• 1:44
  the sentiment mandating state-funded charging stations
• 1:47
  to incorporate Tesla's plug as well at the same time.
• 1:50
  Korean automaker Hyundai Motors is contemplating a more
• 1:53
  significant alignment of its vehicles.
• 1:56
  With Tesla standard Tesla is agreements with automakers such
• 1:59
  as Vivian. General Motors and Ford are
• 2:01
  double-edged swords on one side. These automakers gain access to
• 2:05
  test has extensive charging Network while on the other Tesla
• 2:09
  unlocks, a new Revenue stream by selling power to an expanded
• 2:13
  demographic of EV drivers. Now, the financial markets
• 2:17
  responded positively to these announcements with rivi and
• 2:20
  shares Rising by 5.5% and Tesla's stock going up 5.3%
• 2:28
  notably Tesla has witnessed in a press of 49 percent gain since
• 2:32
  the for deal was made public in late, may it despite shifting
• 2:36
  towards Tesla standard. Vivian remain steadfast in its
• 2:39
  commitment to expanding its own fast, charging Network as well.
• 2:42
  Back in 2021, Vivian unveiled plans for more than 3,500
• 2:46
  charging stations. Furthermore, the capitalize on
• 2:49
  Tesla's customer base, Radiance network will also accommodate
• 2:52
  Tesla's standard plugs, thereby opening up substantial revenue
• 2:56
  streams. Now, the anticipate, this
• 2:59
  development will result in a quick shift towards
• 3:02
  profitability for the network. Now, the adoption of the North
• 3:06
  American charging standard. The anacs put forth by Tesla,
• 3:10
  has been gaining traction, among automakers, and EV charging
• 3:13
  companies. However, not every industry,
• 3:15
  stakeholder is singing the same tune a CEO of EV luxury brand
• 3:22
  Lucid Motors. Peter Rawlinson his voice has
• 3:25
  reservations about joining the anacs.
• 3:27
  Bandwagon Rollins sent emphasize that the priority should be on
• 3:32
  developing high. Voltage power, charging
• 3:34
  infrastructure, rather than focusing solely on the physical
• 3:37
  charging plug. He said focusing on a high
• 3:41
  voltage. High powered.
• 3:43
  Charging infrastructure is a key factor for the EV industry's
• 3:46
  growth in its value to the American people.
• 3:49
  He also stressed that taxpayer money should be funneled towards
• 3:52
  a future proof. Charging infrastructure capable
• 3:55
  of delivering ultra-high voltage a A 1000 volt, standard Tesla's
• 4:00
  nacs offers, several key advantages, to automakers that,
• 4:05
  adopt it for starters. It provides unmitigated access
• 4:08
  to Teslas. Extensive supercharger Network
• 4:11
  eliminating, the need for cumbersome adapters.
• 4:14
  In this immediate access to a Nationwide network of charging.
• 4:18
  Stations is a compelling factor for establish Automotive, Giants
• 4:22
  such as Ford and General Motors as well as promising newcomers
• 4:25
  like reveillon. It's worth noting that While
• 4:28
  Tesla has established an extensive charging Network, the
• 4:32
  company initially had to navigate the path of a lone
• 4:35
  Pioneer. The Surge of support from other
• 4:37
  automakers, strengthens Tesla's position, and reaffirms, its
• 4:41
  commitment to an accessible and unified EV charging
• 4:45
  infrastructure. This collaboration and
• 4:47
  integration of resources, could expedite the growth of the EV
• 4:50
  industry bringing about greater compatibility inconvenience for
• 4:54
  electric vehicle owners. And while Tesla was
• 4:57
  Traditionally viewed as a rival but other EV manufactures its
• 5:01
  emergence. As a de facto service provider
• 5:04
  has Amplified its influence in the EV industry.
• 5:08
  The role is not merely symbolic though.
• 5:11
  It solidifies an additional Revenue stream for Tesla.
• 5:14
  Derived from Power sales to an expanded network of all of those
• 5:19
  other EV drivers from the other EV companies.
• 5:23
  The rise of raveena Tesla shares following.
• 5:26
  The announcement is a testament to the market approval of this
• 5:29
  emergency interview Alliance and the consolidation of charging
• 5:33
  standards coupled with Tesla's ongoing expansion and strategic
• 5:37
  Partnerships with other. Automakers collectively
• 5:39
  contribute to the escalating stock price, the markets
• 5:42
  response. Underlines investors confidence
• 5:44
  in the prospects of a standardized EV charging at
• 5:47
  work. Nonetheless, as the industry
• 5:49
  hurdles towards standardization, it must also consider the
• 5:53
  Development of the charging systems themselves.
• 5:56
  While standardized plugs can offer convenience Rollins sends
• 6:00
  emphasis on high voltage, high power, charging infrastructure
• 6:03
  serves as a reminder that the performance and efficiency of
• 6:06
  charging systems should not be overshadowed by the type of the
• 6:10
  plug that's used in the vehicles.
• 6:12
  Now the cautionary stands on the switch to nacs.
• 6:15
  Also raises important considerations regarding the
• 6:18
  allocation of taxpayers money. Now given the many charging
• 6:21
  stations or funded by the government The design of these
• 6:24
  stations needs to be future proof and the Strategic pivot
• 6:28
  towards adopting test has nacs is certainly not without its
• 6:31
  share of challenges companies like Lucid, which are holding
• 6:35
  off at adapting. The anacs May risk isolation.
• 6:38
  However the decision could also place them as the Vanguard of
• 6:42
  the high-voltage. Revolution more aligned with the
• 6:45
  progressive vision for EVS. And as the EV Market Teeters on
• 6:49
  the precipice of widespread adoption of the anacs.
• 6:52
  It's in a Rigging period, for this industry, the consolidation
• 6:56
  of charging standards can significantly Advance the
• 6:58
  industry. Facilitating convenience
• 7:01
  broadening accessibility and potentially accelerating the
• 7:04
  adoption of EVS yet the rush towards standardization.
• 7:09
  It's vital not to overlook the voices advocating for high
• 7:12
  voltage, high power, charging infrastructure and strategic
• 7:15
  future proof, Investments strikes.
• 7:18
  The right balance between standardization performance and
• 7:21
  investment. And it's Oil to ensure the EV
• 7:24
  sectors sustainability and inclusive growth both in the
• 7:29
  United States and globally. Thank you so much for listening
• 7:33
  to the show today. Everybody, I appreciate you
• 7:35
  spending your time here with me today.
• 7:37
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• 7:59
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