What Lucid CEO Rawlinson Thinks About Tesla's NACS Charging Standard: 'It Doesn't Really Matter Whether...'
Portfolio Pulse from Shanthi Rexaline
Lucid Group CEO Peter Rawlinson has rejected joining Tesla's North American Charging Standard (NACS), stating that the focus should be on high-voltage power charging rather than the plug. Rivian, General Motors, and Ford have adopted NACS, while Lucid emphasizes the need for a future-proofed, ultra-high voltage charging standard of 1000 volts.
June 21, 2023 | 5:55 am
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NEUTRAL IMPACT
Ford has adopted Tesla's North American Charging Standard.
Ford's adoption of Tesla's NACS may not have a direct short-term impact on its stock price. However, it shows the company's willingness to collaborate with industry leaders, which could be seen as a positive by investors.
CONFIDENCE 80
IMPORTANCE 40
RELEVANCE 60
NEUTRAL IMPACT
General Motors has adopted Tesla's North American Charging Standard.
GM's adoption of Tesla's NACS may not have a direct short-term impact on its stock price. However, it shows the company's willingness to collaborate with industry leaders, which could be seen as a positive by investors.
CONFIDENCE 80
IMPORTANCE 40
RELEVANCE 60
NEUTRAL IMPACT
Lucid Group CEO Peter Rawlinson rejects joining Tesla's NACS, focusing on high-voltage power charging instead.
Lucid's decision to not join Tesla's NACS may not have a direct short-term impact on its stock price. However, it highlights the company's focus on future-proofing its charging infrastructure, which could be seen as a positive by investors in the long run.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 100
NEUTRAL IMPACT
Rivian has adopted Tesla's North American Charging Standard.
Rivian's adoption of Tesla's NACS may not have a direct short-term impact on its stock price. However, it shows the company's willingness to collaborate with industry leaders, which could be seen as a positive by investors.
CONFIDENCE 80
IMPORTANCE 40
RELEVANCE 60
NEUTRAL IMPACT
Lucid Group CEO rejects joining Tesla's NACS, while Rivian, General Motors, and Ford have adopted the charging standard.
Lucid's decision to not join Tesla's NACS may not have a direct short-term impact on Tesla's stock price. However, it shows that not all EV companies are following Tesla's lead, which could lead to increased competition in the charging infrastructure space.
CONFIDENCE 80
IMPORTANCE 40
RELEVANCE 60