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California Energy Commission pushes efforts to hold unreliable EV charging networks accountable
The California Energy Commission is taking steps to increase EV charging networks’ accountability and responsiveness to complaints. The efforts are timely as the number of electric vehicle owners in the state is growing at a quick pace.
Among electric vehicle makers, only Tesla has really solved the problem of long-distance travel in an all-electric car. This is largely due to the Tesla Supercharger Network, which provides a simple, quick, and reliable system for the company’s lineup of vehicles. Tesla’s Supercharger Network in the United States is still exclusive to Tesla as of writing, so non-Tesla EV owners are required to use other DC charging solutions for their vehicles.
This is where problems ensue since DC fast charging systems even in electric vehicle hubs like California are still far from very reliable. As noted in a Car and Driver report, EV charging networks may list a charger as “working” as long as the stations respond to a ping request from a remote center. The system is better than nothing, but it is prone to errors since charging stations can maintain cellular connectivity despite having issues such as jammed credit card readers, or software errors, to name a few.
The issue has been so notable that electric vehicle owners have come up with crowdsourced solutions to accurately rate DC chargers. Among these is the @rateyourcharge account on Twitter, which was created by EV group Out of Spec Studios to provide accurate reports of EV charger capabilities in the wild.
Amidst this environment, the California Energy Commission has shared plans to establish regulations for evaluating the reliability and availability of public electric vehicle charging stations. The commission is set to begin a public feedback process with the aim of defining “uptime” standards for EV chargers. These are expected to block excessive exemptions that would enable EV charging networks to avoid being held accountable for the reliability of their service.
The Commission also noted that it would no longer rely on self-reported claims from EV charging network providers regarding the availability and uptime of public charging stations. Instead, the commission plans to gather data from various sources to gain feedback from the public about the reliability and availability of EV charging stations. This feedback could include reports of non-functioning stations that are posted on apps and other platforms.
Apart from this, efforts are underway for California to evaluate the availability of EV charging stations at the individual station level instead of the overall site. This is quite different from the draft standards being developed by the National Electric Vehicle Infrastructure (NEVI) program, which could result in some charging sites getting a 100% score just because one stall is functioning. EV charging networks generally prefer this system, but electric vehicle owners are the ones that end up with the shorter end of the stick.
Providing fast and reliable charging solutions to electric vehicles is no small task. Non-Tesla Supercharger networks like Electrify America have to cater to numerous brands of cars with equally numerous types of software, and details such as payment options are abounding. Managing membership plans for electric car owners is also a pretty complicated task. But as electric vehicles become more mainstream, the time is right to demand more accountability among EV charging network providers. There will only be more EVs on the road in the coming years, after all, so it only makes sense to ensure that they are well-supported.
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Tesla stock (NASDAQ: TSLA) closed at an all-time high on Tuesday, jumping over 3 percent during the day and finishing at $489.88.
The price beats the previous record close, which was $479.86.
Shares have had a crazy year, dipping more than 40 percent from the start of the year. The stock then started to recover once again around late April, when its price started to climb back up from the low $200 level.
This week, Tesla started to climb toward its highest levels ever, as it was revealed on Sunday that the company was testing driverless Robotaxis in Austin. The spike in value pushed the company’s valuation to $1.63 trillion.
Tesla Robotaxi goes driverless as Musk confirms Safety Monitor removal testing
It is the seventh-most valuable company on the market currently, trailing Nvidia, Apple, Alphabet (Google), Microsoft, Amazon, and Meta.
Shares closed up $14.57 today, up over 3 percent.
The stock has gone through a lot this year, as previously mentioned. Shares tumbled in Q1 due to CEO Elon Musk’s involvement with the Department of Government Efficiency (DOGE), which pulled his attention away from his companies and left a major overhang on their valuations.
However, things started to rebound halfway through the year, and as the government started to phase out the $7,500 tax credit, demand spiked as consumers tried to take advantage of it.
Q3 deliveries were the highest in company history, and Tesla responded to the loss of the tax credit with the launch of the Model 3 and Model Y Standard.
Additionally, analysts have announced high expectations this week for the company on Wall Street as Robotaxi continues to be the focus. With autonomy within Tesla’s sights, things are moving in the direction of Robotaxi being a major catalyst for growth on the Street in the coming year.
Elon Musk
Tesla needs to come through on this one Robotaxi metric, analyst says
“We think the key focus from here will be how fast Tesla can scale driverless operations (including if Tesla’s approach to software/hardware allows it to scale significantly faster than competitors, as the company has argued), and on profitability.”
Tesla needs to come through on this one Robotaxi metric, Mark Delaney of Goldman Sachs says.
Tesla is in the process of rolling out its Robotaxi platform to areas outside of Austin and the California Bay Area. It has plans to launch in five additional cities, including Houston, Dallas, Miami, Las Vegas, and Phoenix.
However, the company’s expansion is not what the focus needs to be, according to Delaney. It’s the speed of deployment.
The analyst said:
“We think the key focus from here will be how fast Tesla can scale driverless operations (including if Tesla’s approach to software/hardware allows it to scale significantly faster than competitors, as the company has argued), and on profitability.”
Profitability will come as the Robotaxi fleet expands. Making that money will be dependent on when Tesla can initiate rides in more areas, giving more customers access to the program.
There are some additional things that the company needs to make happen ahead of the major Robotaxi expansion, one of those things is launching driverless rides in Austin, the first city in which it launched the program.
This week, Tesla started testing driverless Robotaxi rides in Austin, as two different Model Y units were spotted with no occupants, a huge step in the company’s plans for the ride-sharing platform.
Tesla Robotaxi goes driverless as Musk confirms Safety Monitor removal testing
CEO Elon Musk has been hoping to remove Safety Monitors from Robotaxis in Austin for several months, first mentioning the plan to have them out by the end of 2025 in September. He confirmed on Sunday that Tesla had officially removed vehicle occupants and started testing truly unsupervised rides.
Although Safety Monitors in Austin have been sitting in the passenger’s seat, they have still had the ability to override things in case of an emergency. After all, the ultimate goal was safety and avoiding any accidents or injuries.
Goldman Sachs reiterated its ‘Neutral’ rating and its $400 price target. Delaney said, “Tesla is making progress with its autonomous technology,” and recent developments make it evident that this is true.
Investor's Corner
Tesla gets bold Robotaxi prediction from Wall Street firm
Last week, Andrew Percoco took over Tesla analysis for Morgan Stanley from Adam Jonas, who covered the stock for years. Percoco seems to be less optimistic and bullish on Tesla shares, while still being fair and balanced in his analysis.
Tesla (NASDAQ: TSLA) received a bold Robotaxi prediction from Morgan Stanley, which anticipates a dramatic increase in the size of the company’s autonomous ride-hailing suite in the coming years.
Last week, Andrew Percoco took over Tesla analysis for Morgan Stanley from Adam Jonas, who covered the stock for years. Percoco seems to be less optimistic and bullish on Tesla shares, while still being fair and balanced in his analysis.
Percoco dug into the Robotaxi fleet and its expansion in the coming years in his latest note, released on Tuesday. The firm expects Tesla to increase the Robotaxi fleet size to 1,000 vehicles in 2026. However, that’s small-scale compared to what they expect from Tesla in a decade.
Tesla expands Robotaxi app access once again, this time on a global scale
By 2035, Morgan Stanley believes there will be one million Robotaxis on the road across multiple cities, a major jump and a considerable fleet size. We assume this means the fleet of vehicles Tesla will operate internally, and not including passenger-owned vehicles that could be added through software updates.
He also listed three specific catalysts that investors should pay attention to, as these will represent the company being on track to achieve its Robotaxi dreams:
- Opening Robotaxi to the public without a Safety Monitor. Timing is unclear, but it appears that Tesla is getting closer by the day.
- Improvement in safety metrics without the Safety Monitor. Tesla’s ability to improve its safety metrics as it scales miles driven without the Safety Monitor is imperative as it looks to scale in new states and cities in 2026.
- Cybercab start of production, targeted for April 2026. Tesla’s Cybercab is a purpose-built vehicle (no steering wheel or pedals, only two seats) that is expected to be produced through its state-of-the-art unboxed manufacturing process, offering further cost reductions and thus accelerating adoption over time.
Robotaxi stands to be one of Tesla’s most significant revenue contributors, especially as the company plans to continue expanding its ride-hailing service across the world in the coming years.
Its current deployment strategy is controlled and conservative to avoid any drastic and potentially program-ruining incidents.
So far, the program, which is active in Austin and the California Bay Area, has been widely successful.
Tesla stock closes at all-time high on heels of Robotaxi progress
Tesla needs to come through on this one Robotaxi metric, analyst says
