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EVgo and GM partner to offer an incredibly streamlined EV charging experience

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On Monday, EVgo and General Motors (GM) announced that all GM EVs with DC fast-charging capability can now use Plug and Charge on the EVgo network.

Utilizing Plug and Charge, EVgo GM users may begin a fast-charging session without having to launch a smartphone app or swipe a credit card or RFID. To access the new service, customers must have an EVgo account, active OnStar connected services, and the GM brand app (myChevrolet, myGMC, and myCadillac) linked to their vehicle.

GM’s Plug and Charge service uses the latest version of EVgo’s Autocharge technology, which enables registered customers to start a fast-charging session in a snap. By streamlining the user experience, the Autocharge technology expands on EVgo’s reputation as a leader in EV charging innovation.

Ivo Steklac, Chief Technology Officer at EVgo, believes the most recent version of the Autocharge technology is fundamentally a customer convenience. “At its core, this latest iteration of the Autocharge technology is a customer convenience feature that can save drivers time by simplifying the fast-charging experience while maintaining a high level of security and protection,” he said. “In collaboration with GM, EVgo continues implementing new technology across multiple hardware and software platforms to enhance the charging experience.”

All GM EVs customers will have access to the DC fast-charging capability at EVgo stations. The customers can also access simple, fast charging on the EVgo network after completing a single enrollment process. The charger and the car will communicate to properly match the vehicle to the driver’s EVgo and GM brand app account.

To sign up, GM consumers must register their car in the myChevrolet, myGMC, and myCadillac brand app, link their EVgo account, and turn on Plug and Charge inside the app.

Hoss Hassani, GM vice president of EV Ecosystem, wants to provide everyone with an easy and convenient EV experience. “We want to be the company that makes the EV experience seamless and convenient for everyone, he said. “Our collaboration with EVgo on Plug and Charge complements the work already in place with Ultium Charge 360 and is a part of our greater effort this year to expand charging infrastructure, access, and education.”

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GM’s Electric Vehicle Development

Despite a tough Q4 where GM only delivered 26 EVs, the company owned 7.6 percent of the global electric vehicle market share in 2021. CEO Mary Barra has pushed for GM to continue surging forward in its pursuit of industry leader Tesla, who she believes will eventually fall behind GM. Barra said in May she planned to get GM to a point where it could offer affordable electric vehicles at prices thousands less than competitors. The Chevy Bolt’s EV and EUV options for 2022 came in at prices under $30,000, an encouraging development in GM’s press forward.

Nearly 50% of 2017-19 Chevy Bolt EVs have been remedied after battery fire recall

The company has set aside $35 billion in capital for its EV transition and has plans to bring several new exciting models to the market over the next few years, including the Chevrolet Silverado EV. “We’ve really worked to listen and understand what the customer is looking for,” Barra said in an interview with Yahoo! Finance earlier this year.

I’d love to hear from you! If you have any comments, concerns, or questions, please email me at christine@teslarati.comYou can also reach me on Twitter @Christi86567288, or if you have news tips, you can email us at tips@teslarati.com.

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Elon Musk

Elon Musk sheds two new bits of detail on Starship after 13th test launch

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Credit: SpaceX

Elon Musk shed two new bits of detail on Starship following its 13th test launch, which was an overwhelming success.

SpaceX launched Starship for the 13th time last Friday after two delays: one on Monday when several Raptor engines did not ignite, and another on Thursday due to unfavorable weather conditions in Starbase, Texas.

The launch was overwhelmingly successful. SpaceX was able to complete a necessary test of the heat shield tiles by increasing the acceleration of Starship from launch throughout the flight; 20 Starlink v3 satellites were released with no issue; the Super Heavy Booster landed safely in the Gulf of America, Ship successfully reignited engines while in space; and it also splashed down without incident in the Indian Ocean.

SpaceX Starship just nailed something it’s never done before

Nevertheless, more details are coming out about Starship, and Musk is doing the talking.

Starship Will Be Retrieved in the Ocean

Musk revealed on Tuesday night that Starship would be recovered by a ship in the Indian Ocean. SpaceX routinely tries to recover Starship after splashdown in an effort to find out more about the flight by examining the spacecraft afterward.

This helps engineers find out more about why things might have happened, allows them to examine any potential damage or anomalies that might have occurred, and increases the chances of an even more successful flight next time thanks to the additional information recovered.

Ship Could Have Been Caught by Tower Arms, Musk claims

Musk has already indicated that SpaceX will plan to attempt a catch of Starship with the 14th test flight. While this would be a major accomplishment, it would be an expected next step, considering the fact that the Super Heavy Booster has already been caught by the chopsticks on numerous occasions.

A ship catch would be a great indication of where SpaceX stands in terms of reusability and launch cadence. A successful catch with relatively no incidents would be a good sign that SpaceX is nearing a more frequent launch of Starship, but also that the reusability of the massive rocket would be something many would expect in the near future.

It is a necessity to make life multiplanetary.

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Elon Musk

Elon Musk updates the SpaceX timeline for Mars

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Rendering of a colonized Mars by way of SpaceX
Rendering of a colonized Mars by way of SpaceX

Elon Musk has updated his timeline for when humans will walk on Mars and for when ships will simply get there.

The objective of getting to Mars has been one of Musk’s biggest goals since becoming a serial entrepreneur and realizing that time on Earth is limited. Musk has said several times he hopes to die on Mars, and not by impact.

Musk now believes that people will be on Mars in “roughly 5 to 7 years.” He said that a Mars lander will get there “a few years sooner.”

The response from Musk comes after NASA Administrator Jared Isaacman said that SpaceX’s biggest priority is the Moon and not Mars. Because of this, Isaacman conceded that he believes nuclear power and propulsion investments will provide “potentially the pathway with the fewest miracles required to put four people on Mars in the next 10 to 15 years.”

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Of course, this is what NASA can do through taxpayer funding and nuclear investments, he added.

Musk’s grand ambitions are much more optimistic than most, and it is certainly a double-edged sword. This is not the first time timelines for Mars have been somewhat lofty, especially to those normal thinkers like you and me, not super geniuses like Musk.

SpaceX Board has set a Mars bonus for Elon Musk

In fact, the SpaceX and Tesla frontman has said on at least a dozen occasions that we could be on Mars in the coming years. Musk said 2020 would be the big year as early as 2009. In 2020, he was “highly confident” of a landing in 2026, and had even said 2024 in a best-case scenario.

The point is, the range has varied, and it’s anyone’s guess when we’ll get there. This latest adjustment to the timeline is typical of Musk, and while the Moon has seemingly taken priority over Mars, it is still worth mentioning that the ultimate goal is to make life multiplanetary, and it starts potentially with the Red Planet.

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Investor's Corner

SpaceX gets an absolutely crazy price target after rough IPO

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Credit: SpaceX

SpaceX (NASDAQ: SPCX) got an absolutely crazy price target rating from Raymond James after the company experienced a tough first few weeks following its Initial Public Offering (IPO).

Despite the tumultuous start, SpaceX has plenty of believers, and the company’s massively successful Starship launch last Friday, its 13th test flight of the massive rocket, went so smoothly that Raymond James analysts pushed its price target on the company to roughly 7 times its current trading level.

SpaceX Starship just nailed something it’s never done before

The firm officially put a “Strong Buy” rating and an $800 price target on the stock. It currently trades at around $113. Its all-time high is $225.64, reaching this trading level shortly after shares first went public.

Raymond James’ price target is tied to the firm’s confidence after Starship’s 13th test flight. Analysts at the firm said it was an incremental step that reduces engineering risks, citing the widely successful heat shield test that CEO Elon Musk recently detailed, the smooth deployment of Starlink V3 satellites, and a successful in-space engine relight.

SpaceX also managed to see Starship splash down safely in the Indian Ocean, while the Super Heavy Booster fell down to the Gulf of America with no incidents.

It is interesting to see these launches have such a tremendous impact on the stock and what investors think of it. After SpaceX initially delayed the Starship launch last week, shares fell tremendously. Most probably did not realize that the stand-down is a standard practice, especially if everything is not perfect.

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The mission was initially aborted due to an issue with Raptor engines. This was resolved, and Starship launched last Friday after another delay on Thursday, which was caused by weather.

Now that analysts have seen what SpaceX launches are capable of and how impressive the feat is, firms are adjusting their price targets accordingly, making it known that they have high expectations for the space exploration company.

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