News
VW prepares to spend first $300M of $2B on EV charging infrastructure project
Volkswagen will designate $300 million by 2019 to establish a network of more than 450 electric vehicle charging stations in 11 U.S. major metropolitan areas and along high traffic highways. The announcement came this week through Volkswagen’s new wholly owned subsidiary called Electrify America, which will support increased use of zero emissions vehicles (ZEVs) in the U.S.
The initiative is part of the Federal Trade Commission agreement with Volkswagen to compensate for “Dieselgate,” the systematic and willful deceit of U.S. emissions regulators through special software in Volkswagen’s diesel vehicles. Electrify America is a product of Volkswagen’s 2016 court settlement with the California Air Resources Board and the U.S. EPA. We recently reported that the VW emissions scandal has given life to a new generation of electric vehicle start ups like Rivian Automotive. The Illinois-based electric car company has leased land to a logistics company that’s using the space as a temporary holding area for the Dieselgate VWs. Teslarati commissioned a videographer to capture drone shots showing roughly 14,000 affected cars waiting to be disposed of as a result of the scandal.
Thousands of VW Diesels being Stored at Rivian Factory, Photo: Jim Finch for Teslarati
Electrify America will support and promote greater availability of customer-friendly infrastructure in areas with high demand for ZEVs. With hundreds of stations with non-proprietary chargers across the U.S., Electrify America‘s first National ZEV investment cycle will make it easier and faster for millions of Americans to charge their electric vehicles while also “encouraging more drivers to explore and embrace electric driving.”
Electrify America‘s first stage plans
Electrify America has released information through a press release and website that it will establish a network of 2,500+ non-proprietary electric vehicle chargers at more than 450 station sites.
- Approximately 240 charging station sites will be installed or under development outside of California by the end of the first cycle.
- These sites will be located along high-traffic corridors between metropolitan areas, including multiple cross country routes.
- They will include between four and ten 150 kW and 320 kW individual DC fast chargers at each location.
- Charging sites will be present in 39 U.S. states.
- They will be built along corridors with a high correlation with the EV Charging Corridors recently designated by the Federal government.
- Sites will be, on average, about 66 miles apart, with no more than 120 miles between stations.
Comparisons to Tesla’s Supercharger network
The extent and speed of Electrify America‘s planned installation schedule roughly parallels the early years of Tesla’s DC Supercharger network in the U.S., which began in late 2012.
The new Electrify America chargers will be non-proprietary. Tesla vehicles use a proprietary plug design, although the company sells compatible adapters. Tesla’s DC CHAdeMO adapter is limited to 50 kilowatts of power.
With proposed charging power set at 320 kilowatts, the Electrify America network would be the first high power contender, at scale, to the Tesla Supercharger network. Tesla is the only EV manufacturer right now capable of charging vehicles at up to 120 kW, which equates to about 170 miles of range in as little as 30 minutes. Tesla has built a fast DC Supercharger network that supports maximum theoretical charging rates of up to 145 kilowatts, according to the company’s website.
The Electrify America network will provide 2500+ chargers at more than 450 stations. At this writing, Tesla Superchargers are at over 2,200 charging stalls at 350 locations across the U.S.
The proximity of Electrify America‘s chargers along frequently traveled corridors means that many shorter range ZEVs available today will be able to use this network. Most Tesla sites are located along highways away from large metropolitan areas and are primarily intended for use by travelers on long-distance trips.
It seems likely that the Electrify America chargers will be located in existing public infrastructure like rest stops. Tesla has a growing network of Destination Charging Partners with dedicated Tesla Wall Connectors at their properties. The company’s website describes how these are primarily destinations where a Tesla owner would stay for several hours at a time, such as ski resorts, restaurants, hotels and others. They are safe, well-lit, and infuse a feeling of security when Tesla owners need to recharge their vehicles.
Electrify America stations will be designed to support many existing and anticipated charging technology needs, including evolving industry standards like the Combined Charging Standard (CCS) and the Open Charge Point Protocol. Last year, Tesla joined the European CharIN consortium that is leading the development of CCS.
Tesla reminds its owners that there are many factors that affect the actual charge rate, including ambient temperature, utility grid restrictions, and charging traffic. Tesla constantly incorporates owner feedback into its maintenance and research and development efforts, offering a distinct consumer experience for Tesla owners who use its Superchargers.
Elon Musk
Elon Musk hints Tesla investors will be rewarded heavily
“Hold onto your Tesla stock. It’s going to be worth a lot, I think. That’s my bet,” Musk said.
Elon Musk recently hinted that he believes Tesla investors will be rewarded heavily if they continue to hold onto their shares, and he reiterated that in a new interview that the company released on its social accounts this week.
Musk is one of the most successful CEOs in the modern era and has mammothed competitors on the Forbes Net Worth List over the past year as his holdings in his various companies have continued to swell.
Tesla investors, especially those who have been holding shares for several years, have also felt substantial gains in their portfolios. Over the past five years, the stock is up over 78 percent. Since February 2019, nearly seven years ago to the day, the stock is up over 1,800 percent.
Musk said in the interview:
“Hold onto your Tesla stock. It’s going to be worth a lot, I think. That’s my bet.”
Elon Musk in new interview: “Hold on to your $TSLA stock. It’s going to be worth a lot, I think. That’s my bet.” pic.twitter.com/cucirBuhq0
— Sawyer Merritt (@SawyerMerritt) February 26, 2026
It’s no secret Musk has been extremely bullish on his own companies, but Tesla in particular, because it is publicly traded.
However, the company has so many amazing projects that have an opportunity to revolutionize their respective industries. There is certainly a path to major growth on Wall Street for Tesla through its various future projects, including Optimus, Cybercab, Semi, and Unsupervised FSD.
- Optimus (Tesla’s humanoid robot): Musk has discussed its potential for tasks like childcare, walking dogs, or assisting elderly parents, positioning it as a massive long-term driver of company value.
- Cybercab (Tesla’s robotaxi/autonomous ride-hailing vehicle): a fully autonomous vehicle geared specifically for Tesla’s ride-sharing ambitions.
- Semi (Tesla’s electric truck, with mentions of expansion, like in Europe): brings Tesla into the commercial logistics sector.
- Unsupervised FSD (Full Self-Driving software achieving full autonomy without human supervision): turns every Tesla owner’s vehicle into a fully-autonomous vehicle upon release
These projects specifically are some of the highest-growth pillars Tesla has ever attempted to develop, especially in Musk’s eyes, as he has said Optimus will be the best-selling product of all-time.
Many analysts agree, but the bullish ones, like Cathie Wood of ARK Invest, are perhaps the one who believes Tesla has incredible potential on Wall Street, predicting a $2,600 price target for 2030, but this is not even including Optimus.
She told Bloomberg last March that she believes that the project will present a potential additive if Tesla can scale faster than anticipated.
Cybertruck
Tesla drops latest hint that new Cybertruck trim is selling like hotcakes
According to Tesla’s Online Design Studio, the new All-Wheel-Drive Cybertruck will now be delivered in April 2027. Earlier orders are still slated for early this Summer, but orders from here on forward are now officially pushed into next year:
Tesla’s new Cybertruck offering has had its delivery date pushed back once again. This is now the second time, and deliveries for the newest orders are now pushed well into 2027.
According to Tesla’s Online Design Studio, the new All-Wheel-Drive Cybertruck will now be delivered in April 2027. Earlier orders are still slated for early this Summer, but orders from here on forward are now officially pushed into next year:
🚨 Tesla has updated the $59,990 Cybertruck Dual Motor AWD’s estimated delivery date to April 2027.
First deliveries are still slated for June, but if you order it now, you’ll be waiting over a year.
Demand appears to be off the charts for the new Cybertruck and consumers are… pic.twitter.com/raDCCeC0zP
— TESLARATI (@Teslarati) February 26, 2026
Just three days ago, the initial delivery date of June 2026 was pushed back to early Fall, and now, that date has officially moved to April 2027.
The fact that Tesla has had to push back deliveries once again proves one of two things: either Tesla has slow production plans for the new Cybertruck trim, or demand is off the charts.
Judging by how Tesla is already planning to raise the price based on demand in just a few days, it seems like the company knows it is giving a tremendous deal on this spec of Cybertruck, and units are moving quickly.
That points more toward demand and not necessarily to slower production plans, but it is not confirmed.
Tesla Cybertruck’s newest trim will undergo massive change in ten days, Musk says
Tesla is set to hike the price on March 1, so tomorrow will be the final day to grab the new Cybertruck trim for just $59,990.
It features:
- Dual Motor AWD w/ est. 325 mi of range
- Powered tonneau cover
- Bed outlets (2x 120V + 1x 240V) & Powershare capability
- Coil springs w/ adaptive damping
- Heated first-row seats w/ textile material that is easy to clean
- Steer-by-wire & Four Wheel Steering
- 6’ x 4’ composite bed
- Towing capacity of up to 7,500 lbs
- Powered frunk
Interestingly, the price offering is fairly close to what Tesla unveiled back in late 2019.
Elon Musk
Elon Musk outlines plan for first Starship tower catch attempt
Musk confirmed that Starship V3 Ship 1 (SN1) is headed for ground tests and expressed strong confidence in the updated vehicle design.
Elon Musk has clarified when SpaceX will first attempt to catch Starship’s upper stage with its launch tower. The CEO’s update provides the clearest teaser yet for the spacecraft’s recovery roadmap.
Musk shared the details in recent posts on X. In his initial post, Musk confirmed that Starship V3 Ship 1 (SN1) is headed for ground tests and expressed strong confidence in the updated vehicle design.
“Starship V3 SN1 headed for ground tests. I am highly confident that the V3 design will achieve full reusability,” Musk wrote.
In a follow-up post, Musk addressed when SpaceX would attempt to catch the upper stage using the launch tower’s robotic arms.
“Should note that SpaceX will only try to catch the ship with the tower after two perfect soft landings in the ocean. The risk of the ship breaking up over land needs to be very low,” Musk clarified.
His remarks suggest that SpaceX is deliberately reducing risk before attempting a tower catch of Starship’s upper stage. Such a milestone would mark a major step towards the full reuse of the Starship system.
SpaceX is currently targeting the first Starship V3 flight of 2026 this coming March. The spacecraft’s V3 iteration is widely viewed as a key milestone in SpaceX’s long-term strategy to make Starship fully reusable.
Starship V3 features a number of key upgrades over its previous iterations. The vehicle is equipped with SpaceX’s Raptor V3 engines, which are designed to deliver significantly higher thrust than earlier versions while reducing cost and weight.
The V3 design is also expected to be optimized for manufacturability, a critical step if SpaceX intends to scale the spacecraft’s production toward frequent launches for Starlink, lunar missions, and eventually Mars.
Elon Musk hints Tesla investors will be rewarded heavily
Tesla drops latest hint that new Cybertruck trim is selling like hotcakes
