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Tesla open charging protocol picks up interest with carmakers

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Ever since Tesla Motors announced last week it was opening some of its charging patents to the competition, a few carmakers have indicated interest. Although we could argue who stands to gain the most, the winners are electric vehicle (EV) owners.

BMW and Nissan; CHAdeMO, CSS and the SuperCharger

The EV charging protocol landscape is getting crowded and Tesla knows it needs to be rationalized. Eager not to repeat the Betamax/VHS debacle, Tesla tried to nip in the bud the futile war fought between the different protocols. Officially, Tesla and BMW want to promote electric vehicles, which means finding a way to work on a communal EV charging technology. By coming into the game after many carmakers are establishing their EV presence, BMW hopes to bypass the process. This would give the German company access to a technology it won’t have to design and spend resources on. For Tesla, BMW is a partner that lends it even more credibility in the world of EVs. It’s a win-win situation.

ALSO SEE: BMW, Nissan and Tesla to Develop Universal Charging Network?

But if BMW could be the first automaker to access Tesla’s supercharging technology, that would put others at a disadvantage. Enter stage left, the world’s largest EV maker, Nissan. The Japanese EV maker is backing CHAdeMO that hopes to become a de facto protocol. Although the company has a working relationship with others supporting the same charging protocol, Nissan using Tesla’s charging system would tip the balance of power towards Tesla.

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Tata and CarCharging

tata-jaguar-land-rover-logoThose who stand to gain the most from an alliance with Tesla might not always be the biggest companies. They might the sleeping giants. That description fits the Tata Group perfectly. The company now owns Jaguar, Land Rover and has been working with MDI, a small French compressed air car company I was fortunate to test drive back in 2009. The Nano is making waves with its affordable price, but one thing is missing. Where are the EVs? Tata’s intention to use Tesla’s charging system means the company is seriously looking at EVs.

As far as CarCharging, it is a well established company in the charging world, which stands to win big from a Tesla alliance. With its wide Blink network, its reach could mean serious coverage for Tesla. While it only plans to add Tesla-capable adapters to its charging stations, we hope this will lead to a more fruitful collaboration in the future.

The bigger picture

Tesla-Nissan

The bigger picture with a Tesla-BMW-Nissan and now Tata, CarCharging alliance would mean the carmakers would have a wide coverage of the most important car markets, notably Asia, Europe and the U.S., as Gas2.org mentions. This also leaves other makers in the undesirable position to acknowledge once more Tesla as a serious disruptor. With CarCharging needing to revamp its Blink network, these highly visible EV players joining forces could force an entire industry to adopt Tesla’s charging system. This would set in motion Tesla Motors’ not-so hidden strategy to become the center of the EV. After all, no one is claiming this position, at least not in any intelligent ways.

All of these companies have expressed interest in working with Tesla. These are bold moves from carmakers who have been around for seven decades, and a startup, itself a fixture of the EV landscape. Anyone care to see where Tesla is going with this move?

Source: Gas2.org

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Tesla ends Full Self-Driving purchase option in the U.S.

In January, Musk announced that Tesla would remove the ability to purchase the suite outright for $8,000. This would give the vehicle Full Self-Driving for its entire lifespan, but Tesla intended to move away from it, for several reasons, one being that a tranche in the CEO’s pay package requires 10 million active subscriptions of FSD.

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Tesla has officially ended the option to purchase the Full Self-Driving suite outright, a move that was announced for the United States market in January by CEO Elon Musk.

The driver assistance suite is now exclusively available in the U.S. as a subscription, which is currently priced at $99 per month.

Tesla moved away from the outright purchase option in an effort to move more people to the subscription program, but there are concerns over its current price and the potential for it to rise.

In January, Musk announced that Tesla would remove the ability to purchase the suite outright for $8,000. This would give the vehicle Full Self-Driving for its entire lifespan, but Tesla intended to move away from it, for several reasons, one being that a tranche in the CEO’s pay package requires 10 million active subscriptions of FSD.

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Although Tesla moved back the deadline in other countries, it has now taken effect in the U.S. on Sunday morning. Tesla updated its website to reflect this:

There are still some concerns regarding its price, as $99 per month is not where many consumers are hoping to see the subscription price stay.

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Musk has said that as capabilities improve, the price will go up, but it seems unlikely that 10 million drivers will want to pay an extra $100 every month for the capability, even if it is extremely useful.

Instead, many owners and fans of the company are calling for Tesla to offer a different type of pricing platform. This includes a tiered-system that would let owners pick and choose the features they would want for varying prices, or even a daily, weekly, monthly, and annual pricing option, which would incentivize longer-term purchasing.

Although Musk and other Tesla are aware of FSD’s capabilities and state is is worth much more than its current price, there could be some merit in the idea of offering a price for Supervised FSD and another price for Unsupervised FSD when it becomes available.

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Musk bankers looking to trim xAI debt after SpaceX merger: report

xAI has built up $18 billion in debt over the past few years, with some of this being attributed to the purchase of social media platform Twitter (now X) and the creation of the AI development company. A new financing deal would help trim some of the financial burden that is currently present ahead of the plan to take SpaceX public sometime this year.

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Credit: SpaceX

Elon Musk’s bankers are looking to trim the debt that xAI has taken on over the past few years, following the company’s merger with SpaceX, a new report from Bloomberg says.

xAI has built up $18 billion in debt over the past few years, with some of this being attributed to the purchase of social media platform Twitter (now X) and the creation of the AI development company. Bankers are trying to create some kind of financing plan that would trim “some of the heavy interest costs” that come with the debt.

The financing deal would help trim some of the financial burden that is currently present ahead of the plan to take SpaceX public sometime this year. Musk has essentially confirmed that SpaceX would be heading toward an IPO last month.

SpaceX IPO is coming, CEO Elon Musk confirms

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The report indicates that Morgan Stanley is expected to take the leading role in any financing plan, citing people familiar with the matter. Morgan Stanley, along with Goldman Sachs, Bank of America, and JPMorgan Chase & Co., are all expected to be in the lineup of banks leading SpaceX’s potential IPO.

Since Musk acquired X, he has also had what Bloomberg says is a “mixed track record with debt markets.” Since purchasing X a few years ago with a $12.5 billion financing package, X pays “tens of millions in interest payments every month.”

That debt is held by Bank of America, Barclays, Mitsubishi, UFJ Financial, BNP Paribas SA, Mizuho, and Société Générale SA.

X merged with xAI last March, which brought the valuation to $45 billion, including the debt.

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SpaceX announced the merger with xAI earlier this month, a major move in Musk’s plan to alleviate Earth of necessary data centers and replace them with orbital options that will be lower cost:

“In the long term, space-based AI is obviously the only way to scale. To harness even a millionth of our Sun’s energy would require over a million times more energy than our civilization currently uses! The only logical solution, therefore, is to transport these resource-intensive efforts to a location with vast power and space. I mean, space is called “space” for a reason.”

The merger has many advantages, but one of the most crucial is that it positions the now-merged companies to fund broader goals, fueled by revenue from the Starlink expansion, potential IPO, and AI-driven applications that could accelerate the development of lunar bases.

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Tesla pushes Full Self-Driving outright purchasing option back in one market

Tesla announced last month that it would eliminate the ability to purchase the Full Self-Driving software outright, instead opting for a subscription-only program, which will require users to pay monthly.

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Credit: Tesla

Tesla has pushed the opportunity to purchase the Full Self-Driving suite outright in one market: Australia.

The date remains February 14 in North America, but Tesla has pushed the date back to March 31, 2026, in Australia.

Tesla announced last month that it would eliminate the ability to purchase the Full Self-Driving software outright, instead opting for a subscription-only program, which will require users to pay monthly.

If you have already purchased the suite outright, you will not be required to subscribe once again, but once the outright purchase option is gone, drivers will be required to pay the monthly fee.

The reason for the adjustment is likely due to the short period of time the Full Self-Driving suite has been available in the country. In North America, it has been available for years.

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Tesla hits major milestone with Full Self-Driving subscriptions

However, Tesla just launched it just last year in Australia.

Full Self-Driving is currently available in seven countries: the United States, Canada, China, Mexico, Australia, New Zealand, and South Korea.

The company has worked extensively for the past few years to launch the suite in Europe. It has not made it quite yet, but Tesla hopes to get it launched by the end of this year.

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In North America, Tesla is only giving customers one more day to buy the suite outright before they will be committed to the subscription-based option for good.

The price is expected to go up as the capabilities improve, but there are no indications as to when Tesla will be doing that, nor what type of offering it plans to roll out for owners.

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