10K 'Supercharger' stations worldwide soon: Musk
San Francisco, May 28: Tesla CEO Elon Musk has revealed plans to install 10,000 Supercharger stations for his company's electric vehicles around the world by 2019 end.
There are at present 1,229 Supercharger stations across the world, with 9,623 Superchargers installed which can charge an electric vehicle in just 30 minutes (nearly 80 per cent capacity).
From January to May 12, Tesla has added 121 new stations.
Tesla is installing Superchargers in urban areas where city dwellers and out of town visitors can easily charge.
These stations are placed at convenient locations like grocery stores, downtown districts and shopping centres, so charging fits seamlessly into your life.
Musk on Sunday tweeted a global map of the upcoming Supercharger stations, mainly in Europe, North America and China.
Superchargers deliver energy rapidly and gradually slow down as the battery fills.
"Your vehicle automatically alerts you when it has enough energy to continue the trip and with the extensive network of Superchargers along popular routes, charging above 80 per cent isn't typically necessary," Tesla said.
Each year, Tesla Model S and Model X owners receive 400 kWh of free Supercharger credit, enough to drive about 1,610 km.
Charging costs are approximate. Charging cost estimate assumes Supercharger cost of $0.26 per kWh.
Cost may vary depending on the vehicle location, configuration, battery age and condition, driving style and operation, and environmental and climate conditions.
Tesla has confirmed that it has produced its 300,000th vehicle. There are now 212,821 Model S vehicles, 71,927 Model X vehicles, and 1,770 Model 3 vehicles.
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Rupee plunges 28 paise to settle at 93.44 against US dollar
Mumbai (PTI): The rupee declined 28 paise to close at 93.44 against the US dollar on Tuesday, weighed down by a steady American currency and volatile crude oil prices amid uncertainties over the progress of West Asia peace negotiations.
Positive domestic equity markets failed to boost local currency, which also had some impact of the Reserve Bank's latest move to ease curbs on speculative bets in non-deliverable forward markets, forex analysts said.
The Reserve Bank on Monday partially withdrew directives taken on April 1 to curb excessive speculation in the rupee. The banking regulator had capped the net open positions in non-deliverable forward markets at USD 100 million, mandating banks to comply by April 10.
Under revised directives, authorised dealers or banks can resume offering non-deliverable derivative contracts involving INR to resident or non-resident users, but must comply with certain restrictions on related-party transactions. Also, the USD 100-million cap in net open position is still effective.
At the interbank foreign exchange market, the rupee opened at 93.25 and fell to an intra-day low of 93.63 before ending the session 28 paise lower at 93.44 against the greenback.
On Monday, the rupee settled with a loss of 25 paise at 93.16 against the US dollar. The currency had gained 47 paise in the preceding two sessions.
Anuj Choudhary, Research Analyst at Mirae Asset ShareKhan, said the rupee fell on uncertainty over US-Iran talks and a surge in crude oil prices. A strong dollar also pressured the rupee; however, positive global markets cushioned the downside.
"Traders may take cues from retail sales and ADP employment change data from the US. USD-INR spot price is expected to trade in a range of Rs 93.30 to Rs 93.90," Choudhary said.
Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities, said the rupee traded weaker as recent RBI adjustments and partial rollback of earlier currency-support measures added pressure on the local unit.
"At the same time, the dollar remains steady while crude and gold are relatively stable, with markets closely watching the outcome of US-Iran ceasefire developments expected tomorrow. The rupee is likely to remain highly event-driven, with direction dependent on geopolitical clarity and RBI stance," Trivedi said.
Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, rose 0.19 per cent to 98.09.
Brent crude, the global oil benchmark, was trading 0.70 per cent down at USD 94.81 per barrel in futures trade.
Analysts attributed the volatility in crude prices to persistent worries over disruptions of supplies of oil from the Strait of Hormuz. Also, the ceasefire agreement between the United States and Iran is scheduled to expire on Wednesday.
In a latest development, Iran's chief negotiator on Tuesday said Tehran would not negotiate in the face of threats, while US President Donald Trump hinted that he was in no rush to end the conflict with Iran.
In the domestic equity markets the 30-share Sensex rose 753.03 points, or 0.96 per cent, to settle at 79,273.33, while the Nifty rose 211.75 points, or 0.87 per cent, to 24,576.60.
Foreign Institutional Investors offloaded equities worth about Rs 1,918.99 crore on Tuesday, according to the exchange data.
