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Tesla Superchargers are now over 3x cheaper than their biggest competitor
Tesla’s Supercharger Network just undercut one of its biggest competitors by over three times, and the company did not even have to lower its prices. In a recent announcement, IONITY, the rapid charging network that is considered as VW, BMW, Daimler, and Ford’s answer to the Tesla Superchargers, revealed that it would be updating its pricing structure by the end of the month — and what an update it is.
In a press release, IONITY stated that it would be launching a kilowatt-hour-based pricing scheme for customers across its established pan-European network starting January 31, 2020. The new rate is simple, with the company charging customers per kWh. The only issue is that IONITY will be charging electric car drivers 0.79 EUR ($0.88) per kWh.
That’s a substantial premium compared to the Tesla Supercharging Network, which has a rate of about 0.25 EUR ($0.28) per kWh. Thus, with this new pricing structure in place, an Audi e-tron or Porsche Taycan owner would end up paying about $80 to charge the all-electric SUV from zero to 100%. Considering that these vehicles are capable of traveling just over 200 miles on a charge, IONITY’s updated prices will make long trips on electric cars far more expensive than before.
IONITY boss Michael Hajesch, for one, noted that he does not think the new pricing strategy will turn customers away from using the network. In an interview with Handelsblatt‘s EV publication Edison Media, the IONITY executive explained that the rapid charging network’s advantages would likely be worth it for electric car drivers.
“I don’t have that fear. It is important to mention that the connected mobility service providers – and in this case, also include the Porsche charging service and BMW ChargeNow – offer attractive end customer offers. Direct customers without a contract benefit from the IONITY service promise, such as high availability, a Europe-wide HPC charging network, top locations directly on the motorway, and responsible operation of the charging stations with green electricity.”
He also argued that such price adjustments would likely not deter the advent of electric mobility. While he admitted that IONITY’s new pricing is high compared to its rivals in the market, Hajesch stated that the decision to raise the network’s prices was not difficult at all, even among its owners, VW, BMW, and Daimler.
“The discussion was not fierce or difficult at all. The price will not deter customers from buying, on the contrary. The overall service promise of the European IONITY HPC network already gives an answer to the key criticisms of the past regarding availability, charging power, green electricity supply, and range anxiety. We are therefore convinced that we are making a significant contribution to the market acceptance of electromobility.
“The purchase decision will not only depend on the IONITY price point on the long-haul route, which only accounts for five to ten percent of the annual charging needs. You also have to take into account the other use cases at home/work and public charging, which can already result in advantages over diesel and gasoline,” he said.
Despite the IONITY boss’ arguments, the fact remains that EV owners now need to pay far more to charge their vehicles using the rapid charging network. This will likely deter electric car owners who are budget conscious, and it might very well incentivize the ownership of internal combustion cars once more. After all, why buy an Audi e-tron that takes about $80 to fill up when a comparable gas or diesel-powered SUV can fill up for far less?
That being said, this update in IONITY’s pricing also highlights the practicality of Tesla’s Supercharger Network, which charges about $0.28 per kWh. Tesla’s Superchargers currently top out at 250 kW, which is less than IONITY’s peak of 350 kW, but considering the price difference, electric car owners will likely take the slightly slower charging speed and be charged a rate that is several times more affordable.
It’s unfortunate, but for now, at least, it appears that the only rapid charging network that is seriously going for petrol’s jugular is Tesla and is Superchargers.
Elon Musk
Tesla confirmed HW3 can’t do Unsupervised FSD but there’s more to the story
Tesla confirmed HW3 vehicles cannot run unsupervised FSD, replacing its free upgrade promise with a discounted trade-in.
Tesla has officially confirmed that early vehicles with its Autopilot Hardware 3 (HW3) will not be capable of unsupervised Full Self-Driving, while extending a path forward for legacy owners through a discounted trade-in program. The announcement came by way of Elon Musk in today’s Tesla Q1 2026 earnings call.
🚨 Our LIVE updates on the Tesla Earnings Call will take place here in a thread 🧵
Follow along below: pic.twitter.com/hzJeBitzJU
— TESLARATI (@Teslarati) April 22, 2026
The history here matters. HW3 launched in April 2019, and Tesla sold Full Self-Driving packages to owners on the understanding that the hardware was sufficient for full autonomy. Some owners paid between $8,000 and $15,000 for FSD during that period. For years, as FSD’s AI models grew more demanding, HW3 vehicles fell progressively further behind, eventually landing on FSD v12.6 in January 2025 while AI4 vehicles moved to v13 and then v14. When Musk acknowledged in January 2025 that HW3 simply could not reach unsupervised operation, and alluded to a difficult hardware retrofit.
The near-term offering is more concrete. Tesla’s head of Autopilot Ashok Elluswamy confirmed on today’s call that a V14-lite will be coming to HW3 vehicles in late June, bringing all the V14 features currently running on AI4 hardware. That is a meaningful software update for owners who have been frozen at v12.6 for over a year, and it represents genuine effort to keep older hardware relevant. Unsupervised FSD for vehicles is now targeted for Q4 2026 at the earliest, with Musk describing it as a gradual, geography-limited rollout.
For HW3 owners, the over-the-air V14-lite update is welcomed, and the discounted trade-in path at least acknowledges an old obligation. What happens next with the trade-in pricing will define how this chapter ultimately gets written. If Tesla prices the hardware path fairly, acknowledges what early adopters are owed, and delivers V14-lite on the June timeline it committed to today, it has a real opportunity to convert one of the longest-running sore subjects among early adopters into a loyalty story.
Elon Musk
Tesla isn’t joking about building Optimus at an industrial scale: Here we go
Tesla’s Optimus factory in Texas targets 10 million robots yearly, with 5.2 million square feet under construction.
Tesla’s Q1 2026 Update Letter, released today, confirms that first generation Optimus production lines are now well underway at its Fremont, California factory, with a pilot line targeting one million robots per year to start. Of bigger note is a shared aerial image of a large piece of land adjacent to Gigafactory Texas, that Tesla has prominently labeled “Optimus factory site preparation.”
Permit documents show Tesla is seeking to add over 5.2 million square feet of new building space to the Giga Texas North Campus by the end of 2026, at an estimated construction investment of $5 billion to $10 billion. The longer term production target for that facility is 10 million Optimus units per year. Giga Texas already sits on 2,500 acres with over 10 million square feet of existing factory floor, and the North Campus expansion is being built to support multiple projects, including the dedicated Optimus factory, the Terafab chip fabrication facility (a joint Tesla/SpaceX/xAI venture), a Cybercab test track, road infrastructure, and supporting facilities.
Credit: TESLA
Texas makes strategic sense beyond the existing infrastructure. The state’s tax structure, lower labor costs relative to California, and the proximity to Tesla’s AI training cluster Cortex 1 and 2, both located at Giga Texas and now totaling over 230,000 H100 equivalent GPUs, means the Optimus software stack and the factory producing the hardware will share the same campus. Tesla’s Q1 report also confirmed completion of the AI5 chip tape out in April, the inference processor designed specifically to power Optimus units in the field.
As Teslarati reported, the Texas facility is intended to house Optimus V4 production at full scale. Musk told the World Economic Forum in January that Tesla plans to sell Optimus to the public by end of 2027 at a price between $20,000 and $30,000, stating, “I think everyone on earth is going to have one and want one.” He has previously pegged long term demand for general purpose humanoid robots at over 20 billion units globally, citing both consumer and industrial use cases.
Tesla (NASDAQ: TSLA) reported its earnings for the first quarter of 2026 on Wednesday afternoon. Here’s what the company reported compared to what Wall Street analysts expected.
The earnings results come after Tesla reported a miss on vehicle deliveries for the first quarter, delivering 358,023 vehicles and building 408,386 cars during the three-month span.
As Tesla transitions more toward AI and sees itself as less of a car company, expectations for deliveries will begin to become less of a central point in the consensus of how the quarter is perceived.
Nevertheless, Tesla is leaning on its strong foundation as a car company to carry forward its AI ambitions. The first quarter is a good ground layer for the rest of the year.
Tesla Q1 2026 Earnings Results
Tesla’s Earnings Results are as follows:
- Non-GAAP EPS – $0.41 Reported vs. $0.36 Expected
- Revenues – $22.387 billion vs. $22.35 billion Expected
- Free Cash Flow – $1.444 billion
- Profit – $4.72 billion
Tesla beat analyst expectations, so it will be interesting to see how the stock responds. IN the past, we’ve seen Tesla beat analyst expectations considerably, followed by a sharp drop in stock price.
On the same token, we’ve seen Tesla miss and the stock price go up the following trading session.
Tesla will hold its Q1 2026 Earnings Call in about 90 minutes at 5:30 p.m. on the East Coast. Remarks will be made by CEO Elon Musk and other executives, who will shed some light on the investor questions that we covered earlier this week.
You can stream it below. Additionally, we will be doing our Live Blog on X and Facebook.
Q1 2026 Earnings Call at 4:30pm CT https://t.co/pkYIaGJ32y
— Tesla (@Tesla) April 22, 2026
Tesla confirmed HW3 can’t do Unsupervised FSD but there’s more to the story
Tesla isn’t joking about building Optimus at an industrial scale: Here we go
