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Tesla Superchargers could be coming to a gas station near you

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Tesla Superchargers may be coming to a gas station near you. Feature photo: Barstow, CA Supercharger station

If you are in the business of selling gasoline and diesel fuel, why would you want to install chargers for electric cars, too? Gas stations today live and die on volume turnover geared to the roughly five minutes it takes to fill the tank. They make most of their profit on coffee, cigarettes and snacks that can be dispensed quickly. The electric car revolution may change all that and, once again, Tesla Motors is at the forefront of the change.

Sheetz operates a large chain of gas stations. It has hundreds of retail outlets located in six states, mostly in the mid-Atlantic region. It does nearly $7 billion in business every year. Eight of its stores already have charging stations where EV drivers can recharge their batteries. Sheetz is currently talking to Tesla about adding its charging infrastructure to the Sheetz locations.

“We’ve had discussions with them about putting their chargers in our stores,” confirmed Michael Lorenz, Sheetz’s executive vice president of petroleum supply, in an interview. “We haven’t done anything yet, but we’re continuing those discussions.” He declined to say how many Sheetz locations might be involved.

Tesla declined to comment on the negotiations with Sheetz, but acknowledged in a statement that it is actively courting gas stations, hotels and restaurants in its bid to install high-speed electric chargers across the country.

Sheetz may be ahead of the curve at this time, but the coming electric car revolution is getting bigger in the rear view mirror. Already, marketing experts are recommending that gas stations start thinking about adding chargers to their facilities. Bloomberg New Energy Finance estimates that within six years electric cars will be as affordable as traditional gasoline-powered vehicles. By 2040, roughly 1 in 3 new vehicle sales could be an EV, according to Bloomberg.

Gas stations routinely dig up and replace their fuel tanks. It makes economic sense to bury the conduits that will be needed for the chargers of the future while that work is being done, even if the actual chargers are not installed until later.

As average fuel economy rises and advances in clean transportation technology occur, traditional gas stations will soon face a difficult choice: adapt or die. Federal estimates suggest that by 2035, U.S. drivers could be consuming 20% less gasoline than they do today, says John Eichberger, executive director of the Fuels Institute, founded by the National Association of Convenience Stores.

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“Those kiosks that just sell gallons and smokes are going to have to change,” says Eichberger. “They’re going to lose gallons. Plain and simple, no way around it.”

He adds that the typical gas station of the future will likely look completely different from the fast paced “get ’em in, get ’em out” stores of today. He thinks they will be more like restaurants or highway rest stops than convenience stores. Tesla is at the forefront of this paradigm shift in which customers stay longer and spend more.  The more gas stations that move in that direction, the better for Tesla.

Tristen Griffith is the president of the Sacramento 49er Travel Plaza, a truck stop that spent the past year researching EV technology. Recently, Griffith made the decision to let a third-party company, NRG Energy, install a set of EV chargers on her commercial property.

“We want to sell gas and diesel, but our future is electric vehicles, and trucks are going to be driverless,” said Griffith. “Times are changing, and we need to keep up with that change as well, if we want to be smart and stay ahead of the game.”

Staying ahead of the game is Tesla’s greatest strength. The question Tesla fans should be asking themselves at this point is exactly what does Tesla have in mind for charging the millions of electric cars it says it will be building in a few short years? Is it thinking about a parallel system to its Supercharger locations? Will it have one system for Tesla owners and another for drivers of other electric cars?

We simply don’t know, and won’t until Tesla decides to let us in on its plans.

Source: Washington Post

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"I write about technology and the coming zero emissions revolution."

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Elon Musk

Elon Musk updates the SpaceX timeline for Mars

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Rendering of a colonized Mars by way of SpaceX
Rendering of a colonized Mars by way of SpaceX

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.”

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.

SpaceX Board has set a Mars bonus for Elon 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.

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Investor's Corner

SpaceX gets an absolutely crazy price target after rough IPO

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Credit: SpaceX

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.

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Elon Musk

Elon Musk responds to Volvo’s latest LiDAR decision

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(Credit: Tesla)

Tesla CEO Elon Musk has responded to reports that Volvo is officially discontinuing the LiDAR sensor on two of its cars.

Volvo announced that it would officially scrap LiDAR systems on its EX90 and ES90 vehicles in various markets. In Norway, owners will get a €1,800 compensation for features that will never arrive due to this decision. There will be no option to remove the unit from vehicles, either.

The issue stems from Volvo’s supplier, Luminar, and its bankruptcy filing. Luminar will no longer be able to supply LiDAR units to Volvo for the EX90 and ES90, effectively axing any use the unit has on vehicles. Volvo will phase out the data collection processes via the LiDAR system, and it will not be utilized whatsoever.

Musk saw the story on X and responded, stating:

“I did try to warn them. Humans drive using neural nets and optical sensors. Same is true for robot cars.”

Musk has been publicly vocal about his disdain for LiDAR systems, once calling them “a fool’s errand,” as he has consistently kept the outlook that they are not needed for effective self-driving.

The typical example used as evidence for this by Musk is humans themselves: made with only eyes and memories, humans are capable of navigating a car by using what they can see and what they’ve personally experienced on the road.

Elon Musk argues lidar and radar make self driving cars more dangerous

“Same is true for robot cars,” Musk says, as Teslas have eight exterior cameras that help see everything surrounding the vehicle, and a neural network that analyzes behavior and tendencies with every mile driven.

Tesla is a vision-only self-driving company that ditched sensors and radar several years ago in favor of cameras. Behind this effort, the company has established a reputation for having one of the most robust self-driving platforms in the world.

Musk’s big bet with Tesla on its self-driving program’s strategy has widely paid off. Other companies continue to utilize things like LiDAR, radar, and sensors for effective self-driving, but Tesla has shown that there is more than one way to give consumers a strong and accurate driver assistance suite.

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The real question is: who will be the first company to take Musk’s advice and attempt a self-driving platform based on cameras only, or even license FSD for themselves?

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