Guide to Charging your Tesla at Home

By Henry Farkas
There are several things you should know about charging your Tesla at home
There are several things you should know about charging your Tesla at home

How to Charge

Charging is easy for anyone who has a garage or carport with electric service. I’ve been driving electrically for four years. My first electric car was a Chevy Volt. I got it in 2017. I could have bought the Bolt EV, but I was chicken so I went with the Volt plug-in hybrid. It was nice getting my first 50 miles on any given day by electricity. I used gas only after the battery ran down. Most days, I didn’t use any gasoline. My gas mileage, according to my app was around 200 miles per gallon. I never bothered to get a 220-volt level 2 charger for my garage. An ordinary 110-volt circuit worked fine with the charger that came with the Volt. Even when the battery was fully discharged at the end of the day, it would be full by morning.

When I bought the Tesla, since it was during the pandemic, I did the same thing. I just plug the Tesla into the 110-volt wall socket using the charger that came with the car. You gotta remember that if you don’t drive much, you don’t have to worry about not having enough time to fill the battery by morning. Once the pandemic ends, I’ll get an electrician to put in a 220-volt plug for the Tesla. The Volt can stay with its 110-volt circuit.

People who live in an apartment and who don’t have access to an outdoor electric socket probably shouldn’t get an electric car yet. Eventually, there will be infrastructure available for you, but not now. Once you start driving electric, you’ll never want to go back.

How Long Does it Take to Charge?

The time needed to charge depends on how much you drove during the day and how much you expect to drive the next day. If you didn’t drive at all, something that happens often during the pandemic, it doesn’t take any time at all to charge. Tesla recommends that you not charge to 100% unless you’re about to set out on a long trip. I set my car to charge to 80%. I have my charge cable plugged in to a 15 amp circuit, and the car is set to draw 12 amps. My screen tells me that the battery is gaining 6 miles of range for every hour of charging. So with the 110-volt circuit, the Tesla charges at about the same rate as the Volt. When the pandemic ends, I’ll get an electrician to wire up a 60 amp circuit to the circuit breaker box, and I’ll install a level 2 charger. That will allow me to gain around 30 miles of range for each hour of charging. The state of Maryland and the electric company will cooperate to give me a tax break that will save me about 30% of the cost of installing the level 2 charger.

What do you need?

What you need depends on what you already have. Remember, we’re talking about someone who lives in a house with either a garage or a carport. If you keep an electric dryer in or near the garage or carport, just use the charger that comes with your Tesla. It has the adapter for a 110 volt receptacle, If you have a dryer circuit close to or in your garage, just buy the proper adapter from the Tesla store and you’re in.

What does it cost?

Otherwise, you’ll need an electrician to install the proper circuit for a 220 volt receptacle near the place where you plan to park the car. Then you can still use the charger that comes with the car, or you can spend about six hundred dollars and buy a wall mounted charger. As far as what the electricity will cost, it’s less than gasoline. This website estimates the cost of electricity needed to charge a Tesla.

What it says is that it costs around $3.00 to get 100 miles of electricity for a Model 3 and around $4.24 to put 100 miles of electricity in a Model X. So if you’re not getting around a hundred miles to the gallon of gas, electricity is cheaper than gas, and you don’t need to go to a gas station. You don’t even need to bother with charging stations unless you’re on a road trip. You just plug in when you get home, and your car is charged to 80% in the morning.

Tesla's Shareholder Vote Results and Shareholder Event Video [Live Now]

By Karan Singh
Not a Tesla App

Yesterday on X, Elon Musk posted that the two key resolutions for the upcoming Shareholder Meeting were both passing by wide margins – and would subsequently go on to pass at today’s Shareholder Meeting.

Musk Compensation Package and Tesla’s Move to Texas

The two key resolutions, one on Elon Musk’s performance-based compensation package, and the other on Tesla’s re-incorporation to Texas, both passed in the preliminary stages. Each required a minimum number of ‘Yes’ votes to pass at the Shareholder Meeting.

The performance-based compensation package only required a simple majority – a certain number of Yes votes, with abstentions not counting as Nos. On the other hand, the move to Texas required a full majority, with abstentions counting as Nos.

Elon Musk declared his victory on X in these two key votes, and Tesla’s share prices moved favorably in post-market, and then again in pre-market trading. This is a positive indicator for Tesla and Elon Musk. On X, Elon recently agreed that given he has received a controlling stake in Tesla, he would work towards making Tesla the most valuable company on Earth.

Other Resolutions

The first five proposals are Tesla corporate proposals, while the remainder are shareholder proposals, and are covered in the table below. For more details, you can read Tesla’s Proxy Package. The proposals are ordered below in the order of presentation.

Resolution

Status

Elect 2 Directors for a 3 Year term (James Murdock, Kimball Musk)

PASS

Non-Binding Advisory-basis Executive Compensation

PASS

Move Tesla to Texas

PASS

Elon Musk’s Compensation Package

PASS

Appoint PricewaterhouseCoopers as Tesla’s accounting firm.

PASS

Reduce Director Terms to 1 Year

FAIL

Simple Majority Stockholder Voting

FAIL

Annual Report on Anti-Harassment and Discrimination

PASS

Freedom of Association and Collective Bargaining Policy

PASS

Report on EM Radiation and Wireless Technologies, and effects on humans.

PASS

Adopting targets and reports for sustainability metrics for executive compensation

PASS

Moratorium on sourcing minerals from deep-sea mining.

PASS

Shareholder Meeting Event

You can view Tesla’s shareholder meeting below:

Tesla Likely to Launch Robotaxi Service in Next 5 Years, May Account for 90% of Future Profit

By Karan Singh
ARK Invest

Tesla is on the verge of its Robotaxi announcement event on 8/8, and major investors like Ark Invest are examining and refreshing their bull case scenarios.

Robotaxi as a Focus

Ark Invest sees Robotaxi as a focus of Tesla’s ongoing business and sees Tesla’s autonomous ride-hailing revenue to net nearly $1 trillion in 2029. In comparison, they estimate Tesla’s vehicle sales to account for $0.4 trillion in revenue. With this bull case, Ark Invest also sees Tesla’s share price soaring to $3,100 by 2029. Ark Invest’s bear case sees the share price moving to $2,000 and robotaxi netting $0.63 billion in revenue.

Ark Invest gives Tesla a 58% chance of launching its robotaxi service in 2025, and a 38% chance in 2026. It’s clear that Tesla’s future lies in operating a fleet of autonomous vehicles and the question is just when it will happen. Given FSD’s massive improvements between FSD V11 and FSD V12, there is a possibility of Tesla meeting these estimates, although a lot depends on how fast improvements will continue to come. While FSD V12 is impressive, it’s still a long way from a true autonomous vehicle.

Rate of Improvement

Miles driven by Tesla FSD versus autonomous competitors
Miles driven by Tesla FSD versus autonomous competitors
ARK Invest

Ark’s case is focused on the fact that FSD’s rapid improvement will continue, and a lot of that may be determined with the next few releases, including FSD 12.4.1, v12.5, and v12.6. When comparing Tesla to autonomous vehicles, Tesla has a drastic lead in miles driven, in fact, it’s so large that you can barely even see Tesla’s competitors. Tesla is at 1.3 billion miles driven with FSD, while the closest competitors are just reaching 15 million autonomous miles driven. While there’s a drastic difference in capabilities between Tesla’s FSD and autonomous vehicles such as Google’s Waymo, Tesla has the ability to gather data 86 times quicker.

Training data is key to building autonomous vehicles, and Tesla is currently the king of vehicle-related data.

Services Company

We previously wrote about whether Tesla’s future will be as a car company or a services company – and major investors such as Ark Invest and Morgan Stanley see Tesla’s AI services as a major driver of business in the future, and the focus of future revenue and profits.

Robotaxi, as both a service and as a physical product, has the opportunity to shake up markets in a unique way, providing quick, clean, and safe transportation between local destinations in urban areas, which could quickly outcompete traditional services like taxis, and tech competitors like Uber or Lyft. The market for robotaxi is untapped and massive, but Tesla isn’t the only one chasing the goal.

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