Home Stock Tesla in search of $100M for Texas to California truck charging community By Investing.com

Tesla in search of $100M for Texas to California truck charging community By Investing.com

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Tesla in search of $100M for Texas to California truck charging community By Investing.com

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© Reuters. Tesla (TSLA) in search of $100M for Texas to California truck charging community

In keeping with emails seen by Bloomberg Information, EV big, Tesla (NASDAQ:) is aiming to safe roughly $100 million in federal funds to assemble 9 electrical semi-truck charging stations reaching from the southern border of Texas to northern California.

The corporate proposed within the emails that every charging unit be outfitted with eight 750-kilowatt chargers for Tesla Semi automobiles and 4 chargers for vehicles made by its opponents. If profitable, it might be a first-of-its-kind charging community within the US. It might allow long-haul electrified trucking from Texas to California, together with regional-haul trucking in Texas, Arizona, and California.

Within the emails, the corporate advised equipping every charging unit with eight 750-kilowatt chargers particularly designed for Tesla Semi automobiles, together with 4 chargers appropriate with vehicles manufactured by competing corporations. If the proposal is permitted, this be a first-of-its-kind charging community in the US. The community would facilitate long-haul electrified trucking between Texas and California, in addition to regional-haul trucking inside the states of Texas, Arizona, and California.

It’s unclear if the corporate would pursue the mission with out a grant. Nevertheless, the US Division of Transportation’s Federal Freeway Administration, chargeable for managing the grants, has confirmed that they’re “at present reviewing functions.” The company expects to announce recipients “later this yr.”

The roughly 1,800-mile route begins in Laredo, Texas, located about 240 miles away from Tesla’s headquarters in Austin and about 150 miles away from the positioning of a brand new manufacturing unit below building in Nuevo Leon, Mexico.

Shares of TSLA are down 1.41% in mid-day buying and selling Tuesday.

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