News
Tesla destination charging facility, also Pittsburgh EV landmark will be demolished
Vast construction projects at Pittsburgh’s Carnegie Mellon University will soon engulf a site that became a landmark in the development of electric vehicles in western Pennsylvania. It was a pioneering facility and the largest charging site in the region for many years.
The Electric Garage’s chargers are being relocated immediately with demolition of the site to begin in July.
At its peak, the Electric Garage boasted eight J1772 Level 2 chargers offering 203V at 30 amps. In 2014, a Tesla HPWC with 40 amp charging was added. Charging and parking was free to the public for up to four hours a session– a welcome oasis in the otherwise congested and paid parking of Oakland. It was easily the largest charging site in western Pennsylvania for most of its life and was open 24 hours/7 days a week on a first-come, first-serve basis. Non-charging parking spots on the site were marked as permit only.
The original six Eaton chargers were installed in 2012, using funding provided from the Pennsylvania Department of Environmental Protection’s Office of Energy and Technology Deployment which had a special mandate from the Office of Acronym Abatement at the Bureau of Ridiculously Long and Expansive Government Agency Naming Commission Department.
Originally built as an Exxon gas station, the Electric Garage was the invention of CMU robotics professor Illah Nourbakhsh.  The university bought the property in 2009 and Nourbakhsh transformed it soon after into the workshop for the ChargeCar program. ChargeCar worked to further and develop EV technology, converting several vehicles and working out designs for regenerative braking.  The industry’s pace of development soon overran much of ChargeCar’s work as more manufacturers brought EVs into mass production.
Undaunted, ChargeCar hosted numerous community outreach events to showcase the everyday feasibility of EVs to the general public. The site then morphed into a charging station and ChargeCar moved from primarily making gas-electric conversions to educating local mechanics in how to repair EVs.
Notice of the Electric Garage’s potential demise first bubbled up in May 2014, just months after the Tesla HPWC was installed. For several years, Tesla would use the Electric Garage as their main charging facility for Pittsburgh Test Drive events. There was no official Tesla presence in the city and Superchargers were too far from downtown. The proximity of the Electric Garage to the test drive events’ hosting facilities and hotels (and its number of chargers) made it an ideal overnight parking area for a small fleet of Teslas, hungry after a day of being pummeled by curious Pittsburghers.
Taking the place of the Electric Garage will be CMU’s new Tata Consultancy Services (TCS) Building. The 40,000 square foot structure is designed by Skidmore, Owings & Merrill and will be built by Mascaro Construction. CMU described the new mixed-use building as “a new home for the university stores, a dining facility on the ground floor, and academic or administrative office and shelled space. The stand-alone structure will house state-of-the-art facilities, providing collaborative spaces for the CMU community.” CMU expects to spend $22.5 million on the project, which should break ground late this year.
Demolition of the Electric Garage will take place in July. The university has indicated that the chargers will be relocated to other places on campus, though EV drivers will likely have limited access the parking garages that will house some of them. It is also unlikely that all of those will remain available to the general public.
Current plans are as follows: 2 chargers move to the East Campus Garage, 2 chargers to the Dithridge Garage and the CIC Garage will have 5 stations.
If any are publicly available, it would most likely be the 5 chargers at the CIC garage. The notice from CMU Parking & Transportation Services indicates that these 5 chargers “will be located on the outside prior to entering the garage.” Given the awkward placement of the garage in relation to the campus and nearby train tracks, that could be interpreted a number of different ways.  The approach roads to the garage are narrow, but there could be room for creative placement and there is a more hospitable lot close by. It also seems probable that the Tesla HPWC could be reappearing at this location.  CMU has not yet responded to requests for clarification.
The passing of the Electric Garage “era” is lamentable, but CMU’s commitment to relocate the chargers is to be commended. Many businesses would have simply shoved them into a warehouse (or worse). It is an unfortunate development for EV drivers who have enjoyed both free parking and charging in Oakland, but with CMU’s inherent focus on technology there is hope for more charging stations in the future.
For local Tesla owners, the chargers were more about convenience than necessity. Long distance travelers are similarly unaffected by the change for the most part (ever since the Somerset and Cranberry Superchargers went online). With the opening of Ross Park Mall’s Tesla store this summer– complete with outdoor HPWCs– and the expected opening of a Pittsburgh Service Center later this year, there is also no longer a need for test drive fleets to recharge overnight in Oakland.
Elon Musk
SpaceX (SPCX) IPO is live today at $135: Here’s exactly what you need to know
SpaceX priced its historic IPO at $135 per share today, raising a record $75 billion.
SpaceX officially priced its initial public offering at $135 per share, offering 555,555,555 shares of Class A common stock and raising $75 billion in what is the largest IPO in stock market history. Shares are set to begin trading on the Nasdaq Global Select Market on Friday, June 12, under the ticker symbol SPCX. The previous record holder was Saudi Aramco’s 2019 offering at $29 billion, followed by Alibaba’s $22 billion offering in 2014.
At $135 per share and roughly 555.6 million shares, the implied valuation sits near $1.75 trillion, which would make SpaceX roughly the seventh largest company in the United States, just above Tesla’s current market cap. Regular investors can request shares at the IPO price through Robinhood, Fidelity, Charles Schwab, SoFi, and E*TRADE, though the deal is heavily oversubscribed and most retail allocations will be partial or unfilled. Once trading opens June 12, anyone with a brokerage account can buy SPCX on the open market.
SpaceX’s amended S-1 is sparking a major Tesla merger conversation
The valuation is anchored primarily by Starlink. Starlink crossed 10 million subscribers as of February 2026 and is adding 750,000 to 1.5 million new users per month, with the connectivity segment already posting a $1.19 billion profit last quarter. The offering also bundles in xAI following SpaceX’s all-stock merger earlier this year, adding Grok and the Colossus supercomputer to the investment thesis. As Teslarati reported, Starlink ended 2025 with $10 billion in revenue, a figure analysts project could reach $24 billion by end of 2026.
Wedbush analyst Dan Ives has been vocal in his support. “I think the time is right,” Ives said, adding that the offering expands the Elon Musk ecosystem rather than competing with Tesla. An average 12-month price target of $165 per share represents roughly 22% upside from the IPO price. Not everyone agrees – Motley Fool noted xAI is spending $1 billion per month playing catch-up to OpenAI and Anthropic.
Musk founded SpaceX in 2002 with a single stated purpose. “Elon founded SpaceX with a goal to change humanity, to make us a multi-planet species,” CFO Bret Johnsen said in the company’s retail roadshow video this week. Musk himself has been more direct: “We are building the systems and technologies necessary to provide global connectivity on Earth and beyond, to understand the true nature of the universe, and to extend the light of consciousness to the stars.”
Investor's Corner
Tesla unfolded its first European “folding Supercharger”
Tesla’s folding Supercharger just arrived in Europe and it changes how fast charging expands.
Tesla’s Folding Unit Supercharger has officially landed in Europe, with the company teasing a new installation in its effort for a broader rollout targeting major motorway rest stops across the European continent in Q3 2026. The arrival marks a notable shift in how Tesla is thinking about network expansion, moving from hardware performance alone to engineering the logistics chain itself.
While Tesla did not reveal the exact location for the new folding Supercharger in Europe, the photo shared on X heavily suggests that this maybe somewhere in Norway. Historically, whenever Tesla rolls out an entirely new infrastructure architecture in Europe, whether it was the original Supercharger stalls years ago or these brand-new modular V4 “Folding Units”, Norway is almost always the designated launch pad because of its unmatched EV adoption rate and supportive infrastructure
The Folding Unit, introduced in March 2026, is a factory pre-assembled V4 charging station built on an industrial hinge system mounted to a heavy-duty concrete base. The entire assembly arrives on site ready to unfold and connect. Tesla confirmed the units feature telescopic light poles specifically designed for easy transportation and fast on-site deployment, a detail that signals how carefully the logistics chain has been engineered alongside the hardware itself. The design allows 33% more stalls per delivery truck, cuts installation time roughly in half, and reduces overall deployment costs by more than 20% compared to traditional installations.
Tesla’s newest “Folding V4 Superchargers” are key to its most aggressive expansion yet
Tesla also noted telescopic light poles which provide benefits over traditional Supercharger installations that require fixed-height poles that are awkward to ship, slow to position on site, and often require separate crews and equipment to erect before charging hardware can even be staged. By engineering poles that compress for transit and extend on arrival, Tesla has removed one of the quieter bottlenecks in the physical deployment process. Every hour saved on a light pole installation is an hour redirected toward getting stalls energized. At scale, across dozens of new sites per quarter, those hours add up to a meaningful acceleration in how quickly a location goes from approved permit to serving its first customer.
Each Folding Unit pairs a single V4 power cabinet with eight charging posts. The V4 cabinet delivers up to 500 kW per stall for passenger vehicles and up to 1.2 MW for the Tesla Semi, supporting twice the stalls per cabinet at three times the power density of its predecessor. Longer cables make every new station immediately usable by non-Tesla vehicles, a priority as Tesla continues opening its network to Ford, GM, Rivian, Hyundai, Stellantis, and others.
As Teslarati reported when the Folding Unit was first unveiled, Tesla’s Gigafactory New York produced its final V3 Supercharger cabinet in March 2026 after more than seven years and 15,000 units, completing a full pivot to V4 production. The European arrival of the folding design is the next chapter in that transition.
Faster and cheaper deployment means Tesla can justify building in markets and corridors that were previously too expensive to serve, filling the coverage gaps that have slowed EV adoption outside major urban centers.
First Folding Unit Superchargers in Europe 🇪🇺 https://t.co/KNfYWJukkL pic.twitter.com/YR1udIpH1i
— Tesla Charging (@TeslaCharging) June 10, 2026
Tesla has stunned by gaining yet another approval for its Full Self-Driving suite in Europe, its second in two days and its fifth overall.
Belgium will be the latest country to allow Tesla owners to utilize FSD on public roads in Europe, joining a quickly growing list that started with the Netherlands, Lithuania, and Estonia.
On Tuesday, Denmark announced its approval of the FSD suite, which has now been followed by Belgium just one day later.
The country’s Minister of Mobility, Annick De Ridder, announced the approval on her X account, stating that she had just signed the approval of Tesla FSD. It now goes to the country’s homologation department for the last step of the approval process.
De @Tesla community houdt hier al geruime tijd de vinger aan de pols over de toelating voor de FSD-technologie op onze Vlaamse en Belgische wegen.
Uit waardering voor jullie niet-aflatende interesse (en aanmoediging 😉), krijgen jullie hierbij de primeur: ik heb net de toelating… pic.twitter.com/Yrps4OHTj8— Annick De Ridder (@AnnickDeRidder) June 10, 2026
The Belgian approval is one of mighty importance because it truly shows how quickly countries in Europe could greenlight the FSD suite consecutively. Approvals are already coming in relatively quickly, which is a great sign.
Perhaps the next big development that could come from FSD approvals in Europe is an approval from a country like England, Italy, France, Spain, or Germany. It would be something to see how FSD would perform in a major European metro, such as London, Barcelona, Madrid, Paris, Rome, or Berlin.
Getting Full Self-Driving in Spain and England will be such huge milestones for Tesla. I am so excited to see how FSD performs in Madrid, Barcelona, and London, specifically.
The ultimate test will always be Mumbai or New Delhi. Excited for India’s eventual approval! https://t.co/paw9Ch1qmL pic.twitter.com/9RdDERVSSJ
— TESLARATI (@Teslarati) June 9, 2026
Full Self-Driving does an excellent job of roaming around major U.S. cities like New York and Los Angeles, but other high-profile international cities of significance would truly mark a line in the sand for Tesla, which can simply enable any vehicle in its customer-owned fleet to run FSD with the correct approvals.
SpaceX (SPCX) IPO is live today at $135: Here’s exactly what you need to know
Tesla unfolded its first European “folding Supercharger”
