Morgan Stanley Raises Tesla Q2 Delivery Forecast on Strong Europe and China Demand 
SpaceX, Charter Communications Explore Mobile Partnership to Expand Starlink Wireless Service 
China Manufacturing PMI Edges Higher in June as Exports and AI Investment Boost Growth 
Momenta Launches Hong Kong IPO to Raise Up to $751 Million for AI and Robotaxi Expansion 
Gold Price Falls as Fed Rate Hike Fears and U.S.-Iran Tensions Weigh on Bullion 
Trump Threatens 100% Tariffs on Countries Imposing Digital Services Taxes on U.S. Tech Firms 
Buffett Delays Gates Foundation Donation Pending Epstein Ties Review 
Firmus Partners With Nvidia to Deliver 170,000 AI GPUs in $30 Billion Cloud Infrastructure Deal 
Amazon Prime Day 2026 Sales Top $26.4 Billion as Shoppers Chase Discounts Amid Inflation 
China Factory PMI Seen Returning to Growth in June as AI Export Demand Supports Economy 
Trump Questions Housing Bill as He Prioritizes SAVE America Act 
OpenAI IPO Delay Weighs on SoftBank Shares as AI Valuation Concerns Grow 
Kakaku.com Shares Rise as Bain Capital and LY Corp Prepare Higher Takeover Bid Than EQT 
Morgan Stanley Names BAE Systems Top European Defence Stock Despite Lower Price Target 
Open-Source AI Models Gain Ground as Enterprises Seek Lower-Cost Alternatives, Citi Says 
Lenovo Shares Slide as AI-Driven Memory Demand Signals Higher DRAM and NAND Prices 
US Dollar Slips After PCE Inflation Data as Fed Rate Hike Expectations Stay Elevated 
Rivian Automotive Inc. will utilize Tesla's EV supercharging standard, joining the ranks of Ford and GM and expanding the accessibility of fast charging for its customers. This move comes as the Tesla Superchargers network continues to dominate the U.S. EV infrastructure.
As per Reuters, Rivian reached a deal with Tesla Inc. which will allow its customers to use the latter's EV supercharging network. It was explained that Rivian's access to the chargers is possible through adapters and application of the North American Charging Standard (NACS) ports which will be done later.
The Irvine, California-headquartered EV maker confirmed this week that it is set to take on Tesla's charging standard. The company agreed to the deal because it will allow Rivian EV drivers to charge their units in most places since Tesla Superchargers is currently the biggest EV charging network in the United States.
With the growing number of major automakers adopting Tesla's charging standard through NACS, Elon Musk's EV just took another step in setting the industry standard. In any case, it was reported that Rivian's own fast charging network is quite small, so the deal with Tesla is really advantageous to all drivers.
Based on the agreement, customers of Rivian will be granted access to 12,000 Tesla Superchargers installed in the U.S. and Canada as early as springtime in 2024. Adapters will be made available to make charging possible. Rivian revealed it will also install a Tesla-style charging port on its EVs starting in 2025.
CNN Business reported that having more vehicle manufacturers aboard and charging firms agreeing to use Tesla's charging standard is a big win for the company. Analysts explain that this may push Tesla to assert that it should be granted access to federal funds to support charging infrastructure as the NACS is no longer for its own EV units but is now being applied to other vehicle brands as well.
Photo by: Stephen Mease/Unsplash
