Revel has opened its first-ever fast-charging electric vehicle station in Manhattan at Pier 36 on the Lower East Side.
This is the first fully public, 24/7 EV charging station in Manhattan, which has been a major challenge for companies and individuals utilizing EVs due to very limited real estate.
Revel developed the site with New York City’s Economic Development Corporation (NYCEDC). The site features 10 320 kW chargers made by Kempower.
The big challenge with EV ownership when living in New York City is access to public chargers.
While Revel, Tesla, and others are operating charging infrastructure in various boroughs like Queens and Brooklyn, Manhattan is so limited on space that those who utilize EVs for personal use or ride-sharing truly struggle for options.
Frank Reig, Revel’s Co-Founder and CEO, said:
“Hundreds of thousands of rideshare and taxi trips go in and out of Manhattan every day. With our new Pier 36 Charging Station, Revel is bringing the fastest charging on the market directly to those drivers so they can access EVs easier — saving them money and saving us all from breathing in more needless car pollution…This is Revel’s first in the borough, but definitely not our last!”
Revel has had this new station at Pier 36 in the works for some time. Last year, they hinted during an interview with me that they were working on something in Manhattan. It’s finally here.
This station brings Revel’s total network to 64 public fast chargers across the five boroughs of New York City. Their plans are to expand rapidly, hoping to have 300 active chargers by the end of 2025.
The significance of this station being in Manhattan was recognized by several figures:
State Senator Brian Kavanagh:
“The introduction of this first 24/7 public fast charging station in Manhattan represents a pivotal step in our journey toward a zero-emission transportation network. With the busy flow of rideshare and taxi traffic in and out of Manhattan, providing the fastest charging options directly to drivers not only saves them money but also helps us all breathe a little easier by reducing harmful car pollution.”
NYCEDC President and CEO Andrew Kimball:
“The opening of Revel’s first Manhattan charging station will help New York City become an innovator in accelerating low-carbon alternatives in the transportation sector, spark cutting-edge innovation that will unlock solutions for the global climate crisis, and create new economic opportunity for the city.”
Assemblymember Grace Lee:
“By expanding access to high-speed EV chargers in Lower Manhattan, we are not only promoting green technology but also reducing harmful emissions and improving air quality for our community. This is a crucial investment in the health and well-being of Lower Manhattan, and I look forward to continuing to support initiatives that advance our city’s environmental goals.”
Deputy Mayor for Operations Meera Joshi:
“New York is charging ahead! If we want to meaningfully reduce emissions, more cars will need to plug, rather than chug. But modal shifts will only happen once there’s the infrastructure to support it. Along with our 80,000-strong for-hire vehicle fleet’s transition to electric, the first 24/7 charger in Manhattan is a strong indicator of what’s to come. Thanks to Revel, EDC, DOT and all our partners for this Climate Week milestone. In partnership with the private sector, government continues to deliver for New Yorkers.”
Revel’s expanding number of EV fast chargers will support the evergrowing number of drivers utilizing sustainable powertrains for ride-sharing purposes. The New York City Taxi & Limousine Commission issued approximately 10,000 new licenses for electric-for-hire vehicles in October 2023.
This has brought the share of EV trips to over 10 percent of the total rideshare volume, or approximately 1.5 million rides per month.
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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.
News
Tesla Model Y L is gaining momentum in China’s premium segment
This suggests that the addition of the Model Y L to Tesla China’s lineup will not result in a case of cannibalization, but a possible case of “premiumization” instead.
Tesla’s domestic sales in China held steady in November with around 73,000 units delivered, but a closer look at the Model Y L’s numbers hints at an emerging shift towards pricier variants that could very well be boosting average selling prices and margins.
This suggests that the addition of the Model Y L to Tesla China’s lineup will not result in a case of cannibalization, but a possible case of “premiumization” instead.
Tesla China’s November domestic numbers
Data from the a Passenger Car Association (CPCA) indicated that Tesla China saw domestic deliveries of about 73,000 vehicles in November 2025. This number included 34,000 standard Model Y units, 26,000 Model 3 units, and 13,000 Model Y L units, as per industry watchers.
This means that the Model Y L accounted for roughly 27% of Tesla China’s total Model Y sales, despite the variant carrying a ~28% premium over the base RWD Model Y that is estimated to have dominated last year’s mix.
As per industry watcher @TSLAFanMtl, this suggests that Tesla China’s sales have moved towards more premium variants this year. Thus, direct year-over-year sales comparisons might miss the bigger picture. This is true even for the regular Model Y, as another premium trim, the Long Range RWD variant, was also added to the lineup this 2025.
November 2025 momentum
While Tesla China’s overall sales this year have seen challenges, the Model Y and Model 3 have remained strong sellers in the country. This is especially impressive as the Model Y and Model 3 are premium-priced vehicles, and they compete in the world’s most competitive electric vehicle market. Tesla China is also yet to roll out the latest capabilities of FSD in China, which means that its vehicles in the country could not tap into their latest capabilities yet.
Aggregated results from November suggest that the Tesla Model Y took the crown as China’s #1 best-selling SUV during the month, with roughly 34,000 deliveries. With the Model Y L, this number is even higher. The Tesla Model 3 also had a stellar month, seeing 25,700 deliveries during November 2025.
Tesla needs to come through on this one Robotaxi metric, analyst says
Tesla gets bold Robotaxi prediction from Wall Street firm
