logo
Uber drivers are now more concerned about charging than EV cost

Uber drivers are now more concerned about charging than EV cost

Boston Globe23-06-2025
Advertisement
Uber does have an ace up its sleeve in mitigating this issue. Last year, the company hired Rebecca Tinucci, the former head of charging infrastructure at Tesla Inc., to oversee its electrification efforts. Nine months into the job, she's brokered a partnership the company expects will improve charging access for 55,000 drivers in London, Boston, and Phoenix, and is rolling out a tool to help 40 cities decide on where to locate their next public plugs.
Get Starting Point
A guide through the most important stories of the morning, delivered Monday through Friday.
Enter Email
Sign Up
'We've got to get to work,' Tinucci said in an interview. 'As comfortable as I am in the charging space, I fully recognize how difficult it is to do charging well.'
Uber is partnering with London, Boston and Phoenix as part of C40 Cities, a group affiliated with Michael Bloomberg, the founder and majority owner of Bloomberg News parent Bloomberg LP.
Advertisement
In addition to contributing technical support, research and policy advocacy to those three cities, the company is launching what it calls an Electric Vehicle Infrastructure Estimator tool that will project future demand for EV charging from Uber drivers. The company is rolling out the service to cities covering almost 60 percent of EV drivers on the Uber platform.
The tool is more than just in Uber's self-interest.
The name of the game for charging-station operators is driving high utilization. Drivers doing pickups and drop-offs around the clock are just the sort of customer operators are looking for.
'There's an incredible base of demand there that we at Uber should be able to rally in support of developing more infrastructure,' Tinucci said.
Uber already has seen this play out.
Three years ago, the company invested £5 million ($6.73 million) toward installing 700 EV chargers across north and east London. Its chargers in the borough of Newham are being used at more than twice the national average rate.
'The challenge at Tesla was kind of single-focused around Tesla vehicles,' Tinucci said of her previous role. 'What brought me to Uber was the potential for impact. We have the largest EV fleet in the world, and we're just getting started.'
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Watch These Tesla Price Levels as Stock Plunges After Musk Announces New Political Party
Watch These Tesla Price Levels as Stock Plunges After Musk Announces New Political Party

Yahoo

time44 minutes ago

  • Yahoo

Watch These Tesla Price Levels as Stock Plunges After Musk Announces New Political Party

Tesla shares tumbled after CEO Elon Musk announced that he plans to start a new political party, reigniting concerns that his attention will turn away from running the EV maker and that a public feud with President Trump will escalate. Selling accelerated in the stock after the price retested a bearish flag pattern's lower trendline late last week. Investors should watch key support levels on Tesla's chart around $285, $265 and $225, while also monitoring vital overhead areas near $318 and $ (TSLA) shares slumped Monday following CEO Elon Musk's weekend announcement that he plans to start a new political party, reigniting concerns that his political involvement will take attention away from running the EV maker and escalate a public feud with President Donald Trump. Musk's announcement came just weeks after the billionaire left his role leading the Trump administration's cost-cutting Department of Government Efficiency, or DOGE, and said he would refocus on his companies. Musk's involvement with DOGE was seen by investors as a distraction, and also appeared to tarnish Tesla's brand in the minds of some consumers. Tesla shares gained 23% in the second quarter, but trade 18% below last month's high amid escalating tensions between Musk and Trump over the president's mega tax and spending bill, which includes the elimination of incentives for green vehicles. After Musk announced the formation of the "America Party" on Saturday, Trump posted on his Truth Social platform that Musk had gone "off the rails." Below, we take a closer look at Tesla's chart and use technical analysis to point out key levels worth watching out for amid the potential for further price swings in the stock. Tesla shares broke down from a flag earlier this month before shifting gear to retest the pattern's lower trendline late last week. However, selling accelerated in Monday's trading session, with the stock falling to its lowest level since early June. Tesla shares fell nearly 7% to around $294, posting the biggest decline in the S&P 500 on Monday. Moreover, the relative strength index registered its lowest reading since early June, confirming weakening price momentum in the EV maker's stock. Let's identify three key support levels on Tesla's chart and also locate overhead areas worth monitoring during potential upswings. The first lower level to watch sits around $285. This area may provide support near the start of the flag pattern, several countertrend peaks that formed on the chart earlier this year, and last November's election-driven breakaway gap. Slightly below this level, it's worth tracking the $265 region. The shares could attract buying interest in this location near two peaks that developed on the chart in October last year. A more significant drop could see the shares revisit lower support at the $225 level. Investors may seek entry points in this area near a valley that emerged on the chart throughout most of March and April, which also closely aligns with last August's minor peak. During upswings, the shares could initially run into selling pressure around $318. Tactical traders may place sell orders in this location near last week's flag retest high, the 50-day moving average, and a brief pullback in the stock following last year's November pop. Finally, a decisive close above this area could see Tesla shares test overhead resistance at $365. Investors may seek to lock in profits in this region near the May swing high and two closely aligned peaks that formed on the chart last November. The comments, opinions, and analyses expressed on Investopedia are for informational purposes only. Read our warranty and liability disclaimer for more info. As of the date this article was written, the author does not own any of the above securities. Read the original article on Investopedia Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

Elon Musk Is Running Out of Road in China
Elon Musk Is Running Out of Road in China

Wall Street Journal

time2 hours ago

  • Wall Street Journal

Elon Musk Is Running Out of Road in China

As Elon Musk confronts deepening business and political challenges in the U.S., he's also facing trouble in his other most important market: China. For a while, Tesla was the hottest car on Chinese roads, and Musk was the toast of Beijing. Government officials showered the company with incentives, part of a concerted strategy to turbocharge the Chinese EV industry by injecting Tesla know-how into the country and spurring competition. Tesla's sales took off.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store