Biden Admin Dangles Nearly $8 Billion Tesla Subsidy If Musk Unlocks Supercharging Network
Peapack Private wealth Sr. Investment Strategist David Dietze joins The Claman Countdown to discuss Tesla shares and share his stock picks.
Tesla founder Elon Musk The company could miss out on major profits if it keeps its electric charging stations secret.
Department of Transportation of President Biden According to Reuters, $7.5 billion will be offered in subsidies to encourage electric vehicle charging stations nationwide.
BIDEN ADMINISTRATION GIVES $2 BILLION TO EV BATTERY RECYCLING COMPANY. REPORT
A Tesla car is charged at a Tesla charging station in Kettleman City California on Jan. 25, 2023. (REUTERS/Mike Blake / Reuters Photos
The Department of Transportation will require recipients of the huge subsidy package to comply with Combined Charging System standards.
| Ticker | Security | Last | Change | Change % |
|---|---|---|---|---|
| TSLA | TESLA INC. | 196.89 | -10.43 | -5.03% |
CCS is a standard for Electric vehicles From different brands around the world, such as Ford, Honda, General Motors, Hyundai and Honda.
TESLA SHARES REMOVED FROM JANUARY BOTTOM
London, Friday March 5, 2021: A Nissan Leaf electric car is being charged. (John Walton/PA Images via Getty Images/Getty Images
Tesla currently uses a proprietary charging method that keeps its nearly 40,000 charging stations private for the company and its customers.
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Musk has expressed his willingness to allow Tesla access previously Charging stations The wider market.
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