News
Tesla denied grant applications in Texas for Superchargers despite fractional costs
Tesla recently applied for a series of grants through a program in the State of Texas that would cover up to 70 percent of an electric vehicle charging stall installation. However, the applications from the United States’ leading electric automaker were denied, despite costs being a fraction of what competitor installations would cost. According to a report from Forbes, which examined the rejected applications and what would instead be installed, Texas is doing itself a disservice, selecting “the most expensive stations in the worst locations for their money.”
Despite a laid out sheet of ground rules, which tend to gravitate toward impartial and unbiased selections, it does not always work out that way. The $21 million in grants, which are awarded on a first-come-first-serve basis, provided enough funding for 170 chargers at 41 stations. Tesla’s applications were not selected for a single project, despite aligning with the grant’s requirements, which would have made Tesla install CHAdeMO or CCS connectors, which would open the Superchargers up to other car manufacturers.
Interestingly, the article states that around 70 percent of EVs on the road would benefit from even more Tesla Superchargers. The robust network of global charging stations for Tesla, which recently eclipsed 30,000 worldwide, provides energy for the industry’s best EVs. Sales figures for Tesla are simply incomparable to other EV companies, as it is the only company in the United States to consistently mark hundreds of thousands of deliveries per quarter, with each one being an electric powertrain.
Tesla’s Superchargers would not have only benefitted drivers of the all-electric automaker’s products. The Forbes report indicates Tesla had only applied for a “small portion” of the money to build its first four stations, which would also accept non-Tesla EVs, much like a “pilot” program the company has started to test in Europe.
Tesla’s non-Tesla Supercharger pilot program expands to France, Norway
While it has not yet happened in the United States, Tesla Superchargers could be used to provide energy to other EV manufacturer products. Tesla stands to gain in other ways, too, as the company allowing other cars to access its infrastructure would help relieve range anxiety concerns. However, its biggest advantage is having 70 percent of the station covered by grant money.
Even if Tesla planned to use the grant funds to expand its charging infrastructure, the decision not to accept their applications is questionable. The prices in unaccepted grant applications, representing up to 70 percent of the actual cost, are as follows:
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- Chargepoint: $150K+ for 2-plex
- EVgo: $150K+ for pair, $126K for 4-plex
- Circle-K: $75K for 4-plex to $150K+ for 2-plex
- 7-11: $126K for 2-plex
- “Retail EV Charging North/South Texas” (Buc-ee’s) $100K/charger for 6-plex
- Various small players: $75K to $150K, averaging at least $133K/charger
- Accepted applications so far from various players average $123K+/charger
- Tesla: $29K for 17-plex, $42K for 9-plex
Opening up potential Supercharger locations to other automakers would be extremely advantageous from a cost perspective. It also would give Tesla the ability to test the waters of a potential pilot program in the United States, with plenty of restrictions that would still give Tesla owners prioritization at the stalls.
Ultimately, the EV infrastructure doesn’t seem to gain any benefits from what the Forbes article’s author, Brad Templeton, calls “misguided grants.” Instead, funding the EV infrastructure with what drivers actually need, which is more stations in advantageous areas, like shopping centers or tourist destinations, is the answer.
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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.
We’re sending a ship out to recover Starship https://t.co/fUqUZTITO9
— Elon Musk (@elonmusk) July 28, 2026
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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.
The ship landing was precise, meaning that it would have been caught by the tower arms https://t.co/6nbNrRfX9P
— Elon Musk (@elonmusk) July 29, 2026
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 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.”
People on Mars in roughly 5 to 7 years.
Mars lander a few years sooner.
— Elon Musk (@elonmusk) July 29, 2026
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.
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.
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.
Elon Musk sheds two new bits of detail on Starship after 13th test launch
Elon Musk updates the SpaceX timeline for Mars
