Musk’s Tesla stock surges 15 pc in early US trade after Trump’s win
The stock of Elon Musk-run Tesla soared almost 15 per cent on Wednesday in early trade on Nasdaq (US time), making it one of the biggest winners in the S&P 500 index.
Elon Musk’s jewel in the crown company Tesla, has begun to permit other manufacturers to utilise its EV connector design.
According to Tesla’s blog post, the most well-known connector in North America is the Tesla charging connector, which combines AC charging and up to 1 megawatt of DC power in a “slim package.”
In contrast to Combined Charging System (CCS) connectors, the one Tesla is offering is half the size, lightweight, twice as powerful, and has no moving parts.
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“We invite charging network operators and vehicle manufacturers to put the Tesla charging connector and charge port, now called the North American Charging Standard (NACS), on their equipment and vehicles,” the EV maker said.
“Tesla’s Supercharging network has 60 per cent more NACS posts than all the CCS-equipped networks combined,” it added.
NACS is the widely used charging standard norm in the States.
As many network operators currently have plans to integrate NACS at their chargers, Tesla owners can expect charging at other networks without adapters
“We look forward to future electric vehicles incorporating the NACS design and charging at Tesla North American Supercharging and Destination Charging networks,” Tesla said.
“We are actively working with relevant standards bodies to codify Tesla’s charging connector as a public standard.”
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