Tesla's $3 billion boost from GM, Ford
autonews.com - 1 year, 7 months ago - Read On Original Website
Tesla Inc. stands to earn as much as $3 billion by 2030 thanks to deals with Ford Motor Co. and General Motors for their electric vehicles to use its charging network, according to Piper Sandler & Co.
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Which charging companies now support NACS?
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GM and Ford
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Ford and GM
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Tesla
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Tesla charging partnerships with Ford and GM
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Tritium and ChargePoint
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Tesla Superchargers
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Tesla, Ford, and GM
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ChargePoint, Flo, FreeWire and ABB E-Mobility
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General Motors
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General Motors Corp. GM and Ford Motor Co
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list
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EVgo, Blink Charging, ChargePoint and the Australian-based Tritium
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Supercharger stations
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ABB, Autel Energy, Blink Charging, Chargepoint, EVPassport, Freewire, Tritium and Wallbox
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Ford
The Elon Musk-led EV company announced the latest deal Thursday in a Twitter Spaces audio chat alongside GM CEO Mary Barra. It was Barra's first appearance on the social media site since Musk completed his purchase of Twitter late last year. Ford CEO Jim Farley announced its deal with Tesla in a similar arrangement in May.
The deals, which now make Tesla's charging model the standard in the U.S. among the largest American automakers, will pressure competitors to ditch the primary competing standard, known as CCS.
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How will this impact the market share of other EV charging companies?
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Bad
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scramble to keep up
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downward pressure
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are quickly jumping on board
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a domino effect
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precarious at best
masslive.com
would feel squeezed
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opening up the Supercharger Network to legacy automakers
"Other brands will be forced to join this consortium, effectively establishing Tesla's 'North American Charging Standard' as the preferred approach for EV charging -- at least in the United States," Piper Sandler analyst Alex Potter said in a research note Friday.