ChargePoint and Blink Charging, two of the largest publicly-held EV charging networks in the United States, are in challenging waters. Electric vehicle giant Tesla’s North American Charging Standard (NACS) is gaining adoption among carmakers, charging satisfaction among consumers is low, and funds are becoming tight.
As per the charging companies’ most recent quarterly findings, both ChargePoint and Blink Charging have less than a year of cash left. ChargePoint’s net cash used in operating activities grew to about $104 million in its first fiscal quarter, and its cash at the end of the period was at $314 million. That leaves about nine months’ worth of cash on hand.
Back in June, ChargePoint CFO Rex Jackson noted that operating losses were the primary driver of the company’s increased cash burn. A spokesperson for the company, however, noted that ChargePoint was committed to reducing its losses and that cash burn should slow materially.
Blink Charging is in the same boat, with the company spending $65 million on operating activities during the first half of 2023, more than double the $31 million spent in the same period the year prior. At the end of the period, Blink Charging’s cash was about $75 million, which translates to roughly seven months of cash on hand.
In a comment to Automotive News, Blink Charging CEO Brendan Jones stated that there are costs associated with the replacement of legacy chargers, which have become a “burden” of sorts due to their outdated tech and reliability issues. Interestingly enough, Jones acknowledged that the industry “made mistakes” in the past by building chargers without paying careful attention to their locations, among other issues.
“It’s a point of reflection to, ‘Now let’s work on the quality,’” Jones said, adding that analysts “want to see station economics improved, cost improved and profitability, and we have a path to get there.”
Sam Abuelsamid, an analyst at Guidehouse Insights, described the current environment faced by charging providers in the United States. “It’s kind of a perfect storm. They’re facing new competition, and their customers are not happy, and they need to spend money, but they can’t get the money, so it’s kind of the worst of all worlds for them,” he said.
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Tesla begins validating Robotaxi in a new area, hinting at expansion

Tesla is validating Robotaxi in a new area, and as the company has continued to gain some additional permissions to begin testing in new states, it seems its Full Self-Driving-based ride-hailing project is moving toward a larger footprint.
Two Robotaxi units with LiDAR validation equipment were spotted in Gilbert, Arizona, recently, showing that Tesla is aiming to launch its ride-hailing service in the state soon:
TESLA ROBOTAXI SPOTTED VALIDATING IN GILBERT, AZ! :0 pic.twitter.com/kqtQEBwl8Y
— Greggertruck (@greggertruck) October 11, 2025
Another unit was spotted in Tempe, Arizona:
Spotted this one and another one behind it in Tempe, AZ. I also saw a pair driving from Mesa to Tempe. Looks like they’re validating the entire east valley. I haven’t seen any in the west valley yet. pic.twitter.com/gFWTHhmBLT
— TechCat (@elviswjr) October 12, 2025
These types of validation vehicles have been spotted in several areas ahead of their launch as a public ride-hailing service for passengers. Tesla first launched Robotaxi in Austin, Texas, back in late June, and since then, it has expanded to the Bay Area of California.
However, Tesla has continued to attempt to expand Robotaxi to other areas as well, including Nevada and Arizona. It has also been working toward approvals in other states based on job postings, as Tesla is hiring for Autopilot Vehicle Operators in New York and Florida, as well.
The expansion of the Robotaxi ride-hailing service has been an effort that Tesla has been spending a lot of time on over the past few months. CEO Elon Musk said the expansion aims to bring Robotaxi to at least half of the U.S. population by the end of the year, but there is still plenty of work to be done.
Tesla Robotaxi heads to a new major Texas city for the first time
Tesla did make its Robotaxi app public in recent months, allowing more members of the public to experience the suite for themselves, as long as they could get to Austin or the Bay Area.
In the coming months, it seems more apparent that Tesla will take a broader focus on expanding Robotaxi, especially with the fact that these validation vehicles are being spotted throughout different parts of the United States.
Elon Musk
Tesla mulls revamping $25k car, strange report claims

Tesla is reportedly mulling the potential revamp of its $25,000 vehicle project, a strange report claims.
It seems unlikely, especially since Tesla launched two new, more affordable models last week with the Model 3 and Model Y Standard trims.
However, a report from European media outlet 36kr claims Tesla has started to advance two vehicle projects, internally codenamed E41 and D50, in China.
People familiar with the matter reportedly told the outlet that “some design and verification reports of the new projects are inherited from the current Model Y and Model 3.”
Tesla axed one of the Model Y’s best features in ‘Standard’ trims: here’s why
These new simplified models would be priced between $5,000 and $5,500 cheaper than what the new ‘Standard’ trims cost. The report also claims that these vehicles would be launched only if the new ‘Standard’ models “fall short of sales expectations.”
$TSLA 🇺🇸 BREAKING 🚨 Tesla is reportedly restarting work on its NV91 and NV93 projects for models smaller than the Model Y 💥
The NV91 project refers specifically to the $25,000 vehicle that CEO Elon Musk had mentioned, a model that was halted in Feb.2024 despite being… pic.twitter.com/L8TDvzmNwm
— Ming (@tslaming) October 14, 2025
This report suggests that potentially more affordable models are being offered, but this seems unlikely, considering Tesla launched the two Standard models just last week, and the only truly affordable model it is working on will be the Cybercab.
However, there is potential for a car to launch that undercuts the newest configurations of the Model 3 and Model Y. As of now, it just seems as if it is something that is far-fetched.
When Tesla’s patent for the unboxed process was published just last month, it seemed more than obvious that the vehicle it would be used for was the Cybercab.
The language used in the patent itself was geared toward more streamlined and quality production and manufacturing, which Tesla must implement to meet the likely demand for the vehicle.
It will be easier to scale vehicles with the unboxed process, and the Cybercab has been routinely mentioned with the sub-$30,000 price tag, even by CEO Elon Musk.
He said during the Q3 2024 Earnings Call:
“I think having a regular 25K model is pointless. It would be silly. Like it would be completely at odds with what we believe…It’s fully considered cost per mile is what matters. And if you try to make a car that is essentially a hybrid, manual, or automatic car, it’s not going to be as good as a dedicated autonomous car. So, yes, Cybercab is just not going to have steering wheels and pedals.”
Elon Musk
SpaceX aces Starship’s 11th launch with success in every mission objective

SpaceX aces its eleventh Starship test launch on Monday evening, marking the company’s second consecutive takeoff that crossed off each of the planned mission objectives.
It was also the final launch of the V2 Starship rocket. The twelfth test flight will feature the larger V3 Starship rocket, followed by V4, which will eventually make the first trip to Mars.
The launch was overwhelmingly successful. In its 12th test flight, SpaceX was able to achieve every major mission objective, including the second successful deployment of Starlink satellite simulators and the relight of a Raptor engine while in space. The latter achievement demonstrated “a critical capability for future deorbit burns,” the company said.
The ship officially launched at 6:23 p.m. local time in Starbase, Texas, with all 33 engines igniting and sending the Ship to space.
Liftoff of Starship! pic.twitter.com/sbfmGAEPa6
— SpaceX (@SpaceX) October 13, 2025
Stage separation occurred just over eight minutes later, and Super Heavy started its descent back to the Gulf of America, where it successfully splashed down. The first part of the launch was complete.
Starlink simulators were deployed about twenty-one minutes after launch, as the Pez dispenser sent the faux-satellites out to space without any issue:
Starship has successfully deployed our @Starlink simulators pic.twitter.com/muNMalZkbT
— SpaceX (@SpaceX) October 13, 2025
Perhaps the most anticipated part of the launch was with Starship’s banking maneuver and subsequent splashdown in the Indian Ocean.
Prior to Starship 11’s launch and successful re-entry and splashdown, SpaceX had lost a few vehicles during this portion of the previous flights.
However, the company had made tremendous improvements and has now aced two consecutive launches. On Monday, its approach and splashdown were both overwhelmingly successful:
Splashdown confirmed! Congratulations to the entire SpaceX team on an exciting eleventh flight test of Starship! pic.twitter.com/llcIvNZFfg
— SpaceX (@SpaceX) October 14, 2025
The re-entry phase of this particular Starship launch aimed to gather data on the performance of the heatshield, SpaceX said. The heatshield was intentionally stressed to its limits to determine how much it could withstand without failing.
SpaceX will now turn its focus to the next vehicles, including V3, which is larger, more capable, and will help the company gather even more information about its launches into space:
SpaceX unveils Starship V3, the rocket built to finally reach MARS
The new design features Raptor 3 engines and massive grid fins
Musk says it’s leaner, meaner, and READY for Mars pic.twitter.com/Wj8fBuXPIa
— RT (@RT_com) October 14, 2025
CEO Elon Musk has said the third-generation Starship rocket will be built and tested by the end of the year.
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