{"id":24582,"date":"2023-06-19T12:35:13","date_gmt":"2023-06-19T16:35:13","guid":{"rendered":"https:\/\/ifintechworld.com\/uncategorized\/teslas-record-breaking-win-streak-this-week-in-evs\/"},"modified":"2023-06-19T12:35:15","modified_gmt":"2023-06-19T16:35:15","slug":"teslas-record-breaking-win-streak-this-week-in-evs","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=24582","title":{"rendered":"Tesla\u2019s record-breaking win streak: This week in EVs"},"content":{"rendered":"
\n
\n

<\/span>
\n<\/i>\n<\/div>\n

Investing.com — Here is your weekly Pro Recap of the past week’s biggest headlines in the electric vehicle space: NACS adoption pushes Tesla to new heights; and shareholders show confidence in Toyota <\/span><\/span> .<\/p>\n

Get EV news like this in real time with InvestingPro.<\/p>\n

Tesla\u2019s record-breaking run<\/strong><\/h2>\n

Tesla (NASDAQ:) shares ended a 13-day winning streak on Wednesday, when it ticked down marginally for the session, after gaining an impressive 29.3% over the two-week period. The stock’s run matched the previous longest winning streak – of 11 days, reached in January 2021 – the previous Friday.<\/p>\n

The rally follows recent commitments by General Motors (NYSE:) and Ford (NYSE:) to adopt Tesla’s North American Charging Standard (NACS) charging connector for electric vehicles.<\/p>\n

And a domino effect followed: Charging equipment makers like Blink Charging (NASDAQ:), ChargePoint (NYSE:), and Tritium (NASDAQ:) also subsequently announced that they would offer chargers with the Tesla-designed connector.<\/p>\n

\u201cGiven recent announcements by Tesla, GM, and Ford, we are clearly witnessing the continued evolution of the EV charging industry as technologies advance and industry stakeholders come together and evaluate best practices,\u201d Blink said in a statement.<\/p>\n

Reports Tuesday revealed that Stellantis (NYSE:) was also considering adopting Tesla\u2019s NACS. But the news of a potential sweep of \u201cThe Big Three\u201d was not enough to carry the record-breaking rally to its 14th win.<\/p>\n

Stellantis is a top-five automaker by sales, behind Toyota (NYSE:), which was also encouraged to adopt the NACS to their vehicles. Tesla CEO Elon Musk suggested on Twitter that he would welcome Toyota into the cadre of automakers adopting the charging connector.<\/p>\n

\u201cThey should join the NACS coalition!\u201d Musk said.<\/p>\n

\"InvestingPro\"<\/p>\n

Toyota’s EV push gains support<\/strong><\/h2>\n

Toyota has faced recent criticism for being seen as slow to embrace electric vehicles as compared with other automakers, choosing to focus on hybrid powertrains instead.<\/p>\n

However, earlier this week the company announced plans to develop high-performance solid-state batteries. The primary objective behind this strategic move is to amplify the driving range of EVs, while concurrently mitigating production expenses.<\/p>\n

Shares of the company jumped almost 5% on the news, and ended the week up 10% overall.<\/p>\n

As part of the company’s comprehensive technology roadmap, a multitude of initiatives were unveiled, encompassing a revolutionary revamp of its factories. Notably, the company announced a momentous “technological breakthrough” that successfully addresses durability concerns related to solid-state batteries. Moreover, they expressed their intention to adopt Tesla’s pioneering innovation of Giga casting to reduce production costs, further underscoring their commitment to technological advancement.<\/p>\n

“What we want to achieve is to change the future with BEVs,” Takero Kato, president of new Toyota EV unit BEV Factory, said Tuesday.<\/p>\n

The announcements preceded a shareholder meeting in which investors voted down a resolution urging greater disclosure of its climate lobbying. Investors also backed all 10 members of the board, including Chairman Akio Toyoda, showing confidence in the company\u2019s leadership.<\/p>\n

Toyoda, the grandson of the company’s founder, was reelected with 96% support last year.<\/p>\n

Blink unites NACS and CCS with new design<\/strong><\/h2>\n

Charging-equipment leader Blink Charging, among the companies integrating NACS connections into their technology, wasted little time on the project: It announced Monday that it has adjusted the designed its all-new 240kW DC Fast Charger to include both NACS and CCS connectors.<\/p>\n

\u201cAs development is well underway, we are excited to be bringing this new, innovative charger to market and to continue to offer a diverse product portfolio, regardless of connector type, that addresses global demand,\u201d said CEO Brendan Jones.<\/p>\n

The Blink 240kW DCFC was first unveiled as a preview during CES 2023, and is now nearing completion under the dedicated team at Blink. Following this final design phase, the prototype charger will be submitted for UL certification.<\/p>\n

\u201cGiven recent announcements by Tesla, GM, and Ford, we are clearly witnessing the continued evolution of the EV charging industry as technologies advance and industry stakeholders come together and evaluate best practices. We are excited by the increasing interest in our sector and are prepared to support all moves to increase EV adoption.\u201d Jones added.<\/p>\n

Shares of BLNK gained 8.25% on the week to end trading at $6.42\/sh on Friday.<\/p>\n

Amid an endless firehose of market headlines, jump on the most important ones to fatten your profits: Always be the first to know with InvestingPro.<\/p>\n

\"InvestingPro\"<\/p>\n<\/div>\n

Read the full article here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Investing.com — Here is your weekly Pro Recap of the past week’s biggest headlines in the electric vehicle space: NACS adoption pushes Tesla to new heights; and shareholders show confidence in Toyota . Get EV news like this in real time with InvestingPro. Tesla\u2019s record-breaking run Tesla (NASDAQ:) shares ended a 13-day winning streak on […]<\/p>\n","protected":false},"author":1,"featured_media":24583,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"video","meta":{"footnotes":""},"categories":[1],"tags":[83],"class_list":["post-24582","post","type-post","status-publish","format-video","has-post-thumbnail","hentry","category-uncategorized","tag-featured","post_format-post-format-video"],"yoast_head":"\nTesla\u2019s record-breaking win streak: This week in EVs | iFintechWorld<\/title>\n<meta name=\"description\" content=\"Investing.com -- Here is your weekly Pro Recap of the past week's biggest headlines in the electric vehicle space: NACS adoption pushes Tesla to new\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ifintechworld.com\/?p=24582\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Tesla\u2019s record-breaking win streak: This week in EVs | iFintechWorld\" \/>\n<meta property=\"og:description\" content=\"Investing.com -- Here is your weekly Pro Recap of the past week's biggest headlines in the electric vehicle space: NACS adoption pushes Tesla to new\" \/>\n<meta property=\"og:url\" content=\"https:\/\/ifintechworld.com\/?p=24582\" \/>\n<meta property=\"og:site_name\" content=\"iFintechWorld\" \/>\n<meta property=\"article:published_time\" content=\"2023-06-19T16:35:13+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-06-19T16:35:15+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/06\/Tesla_800x533_L_1522586972.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"533\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"News Room\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"News Room\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/ifintechworld.com\/?p=24582#article\",\"isPartOf\":{\"@id\":\"https:\/\/ifintechworld.com\/?p=24582\"},\"author\":{\"name\":\"News Room\",\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/person\/6224724fd4116361255b179dc5c70b61\"},\"headline\":\"Tesla\u2019s record-breaking win streak: This week in EVs\",\"datePublished\":\"2023-06-19T16:35:13+00:00\",\"dateModified\":\"2023-06-19T16:35:15+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/ifintechworld.com\/?p=24582\"},\"wordCount\":725,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/ifintechworld.com\/#organization\"},\"keywords\":[\"Featured\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/ifintechworld.com\/?p=24582#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/ifintechworld.com\/?p=24582\",\"url\":\"https:\/\/ifintechworld.com\/?p=24582\",\"name\":\"Tesla\u2019s record-breaking win streak: This week in EVs | iFintechWorld\",\"isPartOf\":{\"@id\":\"https:\/\/ifintechworld.com\/#website\"},\"datePublished\":\"2023-06-19T16:35:13+00:00\",\"dateModified\":\"2023-06-19T16:35:15+00:00\",\"description\":\"Investing.com -- Here is your weekly Pro Recap of the past week's biggest headlines in the electric vehicle space: NACS adoption pushes Tesla to new\",\"breadcrumb\":{\"@id\":\"https:\/\/ifintechworld.com\/?p=24582#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/ifintechworld.com\/?p=24582\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/ifintechworld.com\/?p=24582#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/ifintechworld.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Tesla\u2019s record-breaking win streak: This week in EVs\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/ifintechworld.com\/#website\",\"url\":\"https:\/\/ifintechworld.com\/\",\"name\":\"Repay Down\",\"description\":\"Latest Personal Finance News, Tips and Updates\",\"publisher\":{\"@id\":\"https:\/\/ifintechworld.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/ifintechworld.com\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/ifintechworld.com\/#organization\",\"name\":\"Repay Down\",\"url\":\"https:\/\/ifintechworld.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/rep-logo-dark.png\",\"contentUrl\":\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/rep-logo-dark.png\",\"width\":558,\"height\":90,\"caption\":\"Repay Down\"},\"image\":{\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/person\/6224724fd4116361255b179dc5c70b61\",\"name\":\"News Room\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/avatar_user_1_1682606986-96x96.png\",\"contentUrl\":\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/avatar_user_1_1682606986-96x96.png\",\"caption\":\"News Room\"},\"sameAs\":[\"https:\/\/ifintechworld.com\"],\"url\":\"https:\/\/ifintechworld.com\/?author=1\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Tesla\u2019s record-breaking win streak: This week in EVs | iFintechWorld","description":"Investing.com -- Here is your weekly Pro Recap of the past week's biggest headlines in the electric vehicle space: NACS adoption pushes Tesla to new","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/ifintechworld.com\/?p=24582","og_locale":"en_US","og_type":"article","og_title":"Tesla\u2019s record-breaking win streak: This week in EVs | iFintechWorld","og_description":"Investing.com -- Here is your weekly Pro Recap of the past week's biggest headlines in the electric vehicle space: NACS adoption pushes Tesla to new","og_url":"https:\/\/ifintechworld.com\/?p=24582","og_site_name":"iFintechWorld","article_published_time":"2023-06-19T16:35:13+00:00","article_modified_time":"2023-06-19T16:35:15+00:00","og_image":[{"width":800,"height":533,"url":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/06\/Tesla_800x533_L_1522586972.jpg","type":"image\/jpeg"}],"author":"News Room","twitter_card":"summary_large_image","twitter_misc":{"Written by":"News Room","Est. reading time":"4 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/ifintechworld.com\/?p=24582#article","isPartOf":{"@id":"https:\/\/ifintechworld.com\/?p=24582"},"author":{"name":"News Room","@id":"https:\/\/ifintechworld.com\/#\/schema\/person\/6224724fd4116361255b179dc5c70b61"},"headline":"Tesla\u2019s record-breaking win streak: This week in EVs","datePublished":"2023-06-19T16:35:13+00:00","dateModified":"2023-06-19T16:35:15+00:00","mainEntityOfPage":{"@id":"https:\/\/ifintechworld.com\/?p=24582"},"wordCount":725,"commentCount":0,"publisher":{"@id":"https:\/\/ifintechworld.com\/#organization"},"keywords":["Featured"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/ifintechworld.com\/?p=24582#respond"]}]},{"@type":"WebPage","@id":"https:\/\/ifintechworld.com\/?p=24582","url":"https:\/\/ifintechworld.com\/?p=24582","name":"Tesla\u2019s record-breaking win streak: This week in EVs | iFintechWorld","isPartOf":{"@id":"https:\/\/ifintechworld.com\/#website"},"datePublished":"2023-06-19T16:35:13+00:00","dateModified":"2023-06-19T16:35:15+00:00","description":"Investing.com -- Here is your weekly Pro Recap of the past week's biggest headlines in the electric vehicle space: NACS adoption pushes Tesla to new","breadcrumb":{"@id":"https:\/\/ifintechworld.com\/?p=24582#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/ifintechworld.com\/?p=24582"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/ifintechworld.com\/?p=24582#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/ifintechworld.com\/"},{"@type":"ListItem","position":2,"name":"Tesla\u2019s record-breaking win streak: This week in EVs"}]},{"@type":"WebSite","@id":"https:\/\/ifintechworld.com\/#website","url":"https:\/\/ifintechworld.com\/","name":"Repay Down","description":"Latest Personal Finance News, Tips and Updates","publisher":{"@id":"https:\/\/ifintechworld.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/ifintechworld.com\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/ifintechworld.com\/#organization","name":"Repay Down","url":"https:\/\/ifintechworld.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/ifintechworld.com\/#\/schema\/logo\/image\/","url":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/rep-logo-dark.png","contentUrl":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/rep-logo-dark.png","width":558,"height":90,"caption":"Repay Down"},"image":{"@id":"https:\/\/ifintechworld.com\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/ifintechworld.com\/#\/schema\/person\/6224724fd4116361255b179dc5c70b61","name":"News Room","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/ifintechworld.com\/#\/schema\/person\/image\/","url":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/avatar_user_1_1682606986-96x96.png","contentUrl":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/avatar_user_1_1682606986-96x96.png","caption":"News Room"},"sameAs":["https:\/\/ifintechworld.com"],"url":"https:\/\/ifintechworld.com\/?author=1"}]}},"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/posts\/24582","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=24582"}],"version-history":[{"count":1,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/posts\/24582\/revisions"}],"predecessor-version":[{"id":24584,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/posts\/24582\/revisions\/24584"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/media\/24583"}],"wp:attachment":[{"href":"https:\/\/ifintechworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=24582"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=24582"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=24582"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}