News
Volkswagen partners with bp for EV fast charging rollout in Europe
Volkswagen will partner with bp to launch a strategic partnership to roll out up to 4,000 fast-charging electric vehicle charge points in Germany and the United Kingdom within the next two years.
The first charger was unveiled in Dusseldorf, Germany on Thursday, which will be the first of perhaps 8,000 total charging points across Germany, the UK, and other European countries by 2024. Initially, the Dusseldorf fast charger is now live and is the first of at least 4,000.
The partnership will utilize Volkswagen’s Flexpole 150kW charging units, which each offer two charge points and have an integrated battery system, which enables a high-powered grid connection to make fast charging possible. The Flexpole units can be connected to a low voltage grid, which removes the need for a dedicated substation and costly and time-consuming construction projects. The Flexpole chargers can provide up to 160 kilometers, or roughly 100 miles of driving range in as little as 10 minutes, depending on the vehicle.
Phase One of the rollout will see an additional 4,000 total charge points at bp’s Aral retail sites in Germany and bp retail sites in the United Kingdom over the next 24 months, Volkswagen said. Up to 8,000 total fast-charging points could be available by the end of 2024, but there are no guarantees to the supplemental 4,000 locations, it seems. However, bp is “rapidly expanding its EV charging network, including at its extensive and conveniently located network of retail sites,” it said. EV drivers are able to charge in safe, well-lit stations that have food and drinks and other convenience features.
“Volkswagen has been pioneering the transformation to e-mobility across Europe,” Volkswagen CEO Herbert Diess said. “Today, we have the broadest offer of electric cars in the market and sold more EVs in the region than any other carmaker last year. Investing in everything from software, to batteries and charging is part of our strategy to make individual mobility safer, more convenient, and fully climate-neutral. The decarbonization of Europe’s economy requires close collaboration across borders and sectors. We’re pleased to team up with bp to accelerate the rollout of the fast-charging network across Europe.”
Volkswagen’s electric vehicle sales soar in Q1, led comfortably by ID.4
The Volkswagen-bp charging locations will be integrated into the navigation systems of Volkswagen, seat, and ŠKODA vehicles, and also into Volkswagen’s charging application, Elli.
Volkswagen’s Power Day outlined a need for more EV charging infrastructure in Europe, and plans to launch at least 18,000 new charge points in Europe with several different partners by 2025. Volkswagen also wants to install at least 17,000 charging points in China by the end of 2025.
“As we promised at our Power Day, we are driving the expansion of charging infrastructure in Europe at high speed,” Thomas Schmall, Member of the Board of Management of Volkswagen AG, said. “Together with bp, we will bring thousands of fast-charging stations to life within a very short time. Rapid expansion of the charging network is crucial now. To make that happen, our pioneering flexible, fast chargers offer a perfect solution, since the time and costs required for installation are minimal.”
The VW Flexpole chargers are produced in Suzhou, China, and Hanover, Germany. They can be installed almost anywhere needed or where a charging infrastructure is not yet in place. When connected to the low voltage grid, the station becomes a permanent charging point without the additional cost and effort required for a comparable conventional fast-charging station,” Volkswagen said.
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Elon Musk
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.
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.
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.
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.
News
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.
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.
NEWS: Tesla is ending the option to buy FSD as a one-time outright purchase in Australia on March 31, 2026.
It still ends on Feb 14th in North America. https://t.co/qZBOztExVT pic.twitter.com/wmKRZPTf3r
— Sawyer Merritt (@SawyerMerritt) February 13, 2026
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.
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.
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.
Elon Musk
Starlink terminals smuggled into Iran amid protest crackdown: report
Roughly 6,000 units were delivered following January’s unrest.
The United States quietly moved thousands of Starlink terminals into Iran after authorities imposed internet shutdowns as part of its crackdown on protests, as per information shared by U.S. officials to The Wall Street Journal.
Roughly 6,000 units were delivered following January’s unrest, marking the first known instance of Washington directly supplying the satellite systems inside the country.
Iran’s government significantly restricted online access as demonstrations spread across the country earlier this year. In response, the U.S. purchased nearly 7,000 Starlink terminals in recent months, with most acquisitions occurring in January. Officials stated that funding was reallocated from other internet access initiatives to support the satellite deployment.
President Donald Trump was aware of the effort, though it remains unclear whether he personally authorized it. The White House has not issued a comment about the matter publicly.
Possession of a Starlink terminal is illegal under Iranian law and can result in significant prison time. Despite this, the WSJ estimated that tens of thousands of residents still rely on the satellite service to bypass state controls. Authorities have reportedly conducted inspections of private homes and rooftops to locate unauthorized equipment.
Earlier this year, Trump and Elon Musk discussed maintaining Starlink access for Iranians during the unrest. Tehran has repeatedly accused Washington of encouraging dissent, though U.S. officials have mostly denied the allegations.
The decision to prioritize Starlink sparked internal debate within U.S. agencies. Some officials argued that shifting resources away from Virtual Private Networks (VPNs) could weaken broader internet access efforts. VPNs had previously played a major role in keeping Iranians connected during earlier protest waves, though VPNs are not effective when the actual internet gets cut.
According to State Department figures, about 30 million Iranians used U.S.-funded VPN services during demonstrations in 2022. During a near-total blackout in June 2025, roughly one-fifth of users were still able to access limited connectivity through VPN tools.
Critics have argued that satellite access without VPN protection may expose users to geolocation risks. After funds were redirected to acquire Starlink equipment, support reportedly lapsed for two of five VPN providers operating in Iran.
A State Department official has stated that the U.S. continues to back multiple technologies, including VPNs alongside Starlink, to sustain people’s internet access amidst the government’s shutdowns.
Musk bankers looking to trim xAI debt after SpaceX merger: report
SpaceX launches Crew-12 on Falcon 9, lands first booster at new LZ-40 pad
