Connect with us

News

Tesla Model 3 featured in Chevron ad for battery and fast charger investments

(Image: Chevron/YouTube)

Published

on

Chevron’s investment into clean energy technologies seems to have a clear inspiration: The success of Tesla. In a marketing video touting the energy giant’s partnerships with Natron Energy and ChargePoint, a white Tesla Model 3 was featured while the future omnipresence of electric vehicles was being discussed.

“We’ve solved some of the most complex energy challenges of the past, and together we will innovate for the future. Learn more about Chevron Technology Ventures’ investments in Natron Energy and @ChargePointnet,” the company’s official account tweeted.

Chevron’s Technology Ventures (CTV) closed a strategic investment into Natron’s battery technology in January this year to support its development of energy storage systems at electric vehicle (EV) charging stations. “Ten years from now, the number of electric vehicles on the road will be so high that charging stations will be everywhere,” Colin Wessells, CEO of Natron, explained in Chevron’s marketing video.

Advertisement
-->

Natron is using a new cell technology based on Prussian Blue analogue electrodes and a sodium-ion electrolyte which is said to allow tens of thousands of deep discharge cycles and can be fully charged or discharged in just minutes. Due to the abundance of both Prussian Blue dye and sodium, the company hopes to capitalize on the environmental sustainability and lower cost of their technology to support their clean energy mission.

“Partners such as Chevron that truly have a global scale have to be involved. Without them, that new venture will never have the resources to deploy that product at a scale that results in meaningful impact,” Wessells said.

Chevron’s partnership with ChargePoint also began as an investment round last year, but in May, the two companies collaborated as part of the California Energy Commission (CEC) grant program to add DC fast chargers to the Coalinga Chevron station. It’s currently the only universal fast charging site within a 100 mile radius, and it serves to fulfill the CEC mission of democratizing fast charging solutions for EV drivers along key highway locations in the state. The Coalinga Chevron station will provide drivers with access to three ChargePoint DC fast charge stations and two Level 2 AC charging spots.

In Tesla’s Model Y unveiling, CEO Elon Musk touted the changing narrative of traditional automakers towards electric cars. After he and Tesla were called “frauds” during the original Roadster’s early days, most car manufacturers have now acknowledged that electric cars are the inevitable future. Chevron’s (and others’) turn towards renewables and EV-driven technology investments are another nod towards that same future. Whether or not Tesla intended for its products to be used in “goodwill” advertising for companies primarily in the fossil fuel industry is another question altogether, but the acknowledgement of Tesla’s role in their business decisions is a powerful one.

Chevron originally published the video on its YouTube channel at the end of May, but it looks to have received little attention until being featured on Twitter. The video as posted on YouTube is below:

Advertisement
-->

Accidental computer geek, fascinated by most history and the multiplanetary future on its way. Quite keen on the democratization of space. | It's pronounced day-sha, but I answer to almost any variation thereof.

Advertisement
Comments

News

Tesla expands its branded ‘For Business’ Superchargers

Published

on

Credit: Francis Energy

Tesla has expanded its branded ‘For Business’ Supercharger program that it launched last year, as yet another company is using the platform to attract EV owners to its business and utilize a unique advertising opportunity.

Francis Energy of Oklahoma is launching four Superchargers in Norman, where the University of Oklahoma is located. The Superchargers, which are fitted with branding for Francis Energy, will officially open tomorrow.

It will not be the final Supercharger location that Francis Energy plans to open, the company confirmed to EVWire.

Back in early September, Tesla launched the new “Supercharger for Business” program in an effort to give businesses the ability to offer EV charging at custom rates. It would give their businesses visibility and would also cater to employees or customers.

“Purchase and install Superchargers at your business,” Tesla wrote on a page on its website for the new program. “Superchargers are compatible with all electric vehicles, bringing EV drivers to your business by offering convenient, reliable charging.”

Advertisement
-->

The first site opened in Land O’ Lakes, Florida, which is Northeast of Tampa, as a company called Suncoast launched the Superchargers for local EV owners.

Tesla launches its new branded Supercharger for Business with first active station

The program also does a great job at expanding infrastructure for EV owners, which is something that needs to be done to encourage more people to purchase Teslas and other electric cars.

Francis Energy operates at least 14 EV charging locations in Oklahoma, spanning from Durant to Oklahoma City and nearly everywhere in between. Filings from the company, listed by Supercharge.info, show the company’s plans to convert some of them to Tesla Superchargers, potentially utilizing the new Supercharger for Business program to advertise.

Moving forward, more companies will likely utilize Tesla’s Supercharger for Business program as it presents major advantages in a variety of ways, especially with advertising and creating a place for EV drivers to gain range in their cars.

Advertisement
-->
Continue Reading

News

Tesla Cybercab ‘breakdown’ image likely is not what it seems

Published

on

Credit: TslaChan | X

Tesla Cybercab is perhaps the most highly-anticipated project that the company plans to roll out this year, and as it is undergoing its testing phase in pre-production currently, there are some things to work through with it.

Over the weekend, an image of the Cybercab being loaded onto a tow truck started circulating on the internet, and people began to speculate as to what the issue could be.

The Cybercab can clearly be seen with a Police Officer and perhaps the tow truck driver by its side, being loaded onto, or even potentially unloaded from, the truck.

Advertisement
-->

However, it seems unlikely it was being offloaded, as its operation would get it to this point for testing to begin with.

It appears, at first glance, that it needs assistance getting back to wherever it came from; likely Gigafactory Texas or potentially a Bay Area facility.

The Cybercab was also spotted in Buffalo, New York, last week, potentially undergoing cold-weather testing, but it doesn’t appear that’s where this incident took place.

It is important to remember that the Cybercab is currently undergoing some rigorous testing scenarios, which include range tests and routine public road operation. These things help Tesla assess any potential issue the vehicle could run into after it starts routine production and heads to customers, or for the Robotaxi platform operation.

This is not a one-off issue, either. Tesla had some instances with the Semi where it was seen broken down on the side of a highway three years ago. The all-electric Semi has gone on to be successful in its early pilot program, as companies like Frito-Lay and PepsiCo. have had very positive remarks.

Advertisement
-->

Tesla reveals its first Semi customer after launch

The Cybercab’s future is bright, and it is important to note that no vehicle model has ever gone its full life without a breakdown. It happens, it’s a car.

Nevertheless, it is important to note that there has been no official word on what happened with this particular Cybercab unit, but it is crucial to remember that this is the pre-production testing phase, and these things are more constructive than anything.

Continue Reading

Investor's Corner

Tesla analyst teases self-driving dominance in new note: ‘It’s not even close’

Published

on

Credit: Tesla

Tesla analyst Andrew Percoco of Morgan Stanley teased the company’s dominance in its self-driving initiative, stating that its lead over competitors is “not even close.”

Percoco recently overtook coverage of Tesla stock from Adam Jonas, who had covered the company at Morgan Stanley for years. Percoco is handling Tesla now that Jonas is covering embodied AI stocks and no longer automotive.

His first move after grabbing coverage was to adjust the price target from $410 to $425, as well as the rating from ‘Overweight’ to ‘Equal Weight.’

Percoco’s new note regarding Tesla highlights the company’s extensive lead in self-driving and autonomy projects, something that it has plenty of competition in, but has established its prowess over the past few years.

He writes:

Advertisement
-->

“It’s not even close. Tesla continues to lead in autonomous driving, even as Nvidia rolls out new technology aimed at helping other automakers build driverless systems.”

Percoco’s main point regarding Tesla’s advantage is the company’s ability to collect large amounts of training data through its massive fleet, as millions of cars are driving throughout the world and gathering millions of miles of vehicle behavior on the road.

This is the main point that Percoco makes regarding Tesla’s lead in the entire autonomy sector: data is King, and Tesla has the most of it.

One big story that has hit the news over the past week is that of NVIDIA and its own self-driving suite, called Alpamayo. NVIDIA launched this open-source AI program last week, but it differs from Tesla’s in a significant fashion, especially from a hardware perspective, as it plans to use a combination of LiDAR, Radar, and Vision (Cameras) to operate.

Percoco said that NVIDIA’s announcement does not impact Morgan Stanley’s long-term opinions on Tesla and its strength or prowess in self-driving.

Advertisement
-->

NVIDIA CEO Jensen Huang commends Tesla’s Elon Musk for early belief

And, for what it’s worth, NVIDIA CEO Jensen Huang even said some remarkable things about Tesla following the launch of Alpamayo:

“I think the Tesla stack is the most advanced autonomous vehicle stack in the world. I’m fairly certain they were already using end-to-end AI. Whether their AI did reasoning or not is somewhat secondary to that first part.”

Percoco reiterated both the $425 price target and the ‘Equal Weight’ rating on Tesla shares.

Advertisement
-->
Continue Reading