Texas approves plan to oblige Tesla technology

SAN FRANCISCO (Reuters) – Texas on Wednesday approved its plan to mandate Tesla (NASDAQ:TSLA)’s technology for electric vehicle charging stations to be eligible for federal funds despite pushback from some companies that called for more time to re-engineer and test the connectors.

Texas’ decision – closely watched by the industry and several other states that are working on deploying funds meant to electrify U.S. highways – is a step forward for Tesla CEO Elon Musk’s plans to make its technology the U.S. charging standard.