Tesla Charging Standard - Assembly - Salesforce Research
Tesla Opens Supercharging Network to GM and Ford
morningstar.com - 1 year, 7 months ago - Read On Original Website
Tesla TSLA and General Motors GM announced a charging partnership whereby GM will integrate Tesla's North American Charging Standard, or NACS, connector starting in 2024. This will allow drivers of GM electric vehicles to charge at 12,000 Tesla Superchargers throughout North America. Tesla also recently announced a similar charging partnership with Ford F to allow Ford EV drivers to use Tesla Superchargers. After reviewing these announcements, we see no reason to change our fair value estimate of $215 per share for Tesla stock. Our narrow moat rating is also unchanged.
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keyboard_arrow_down keyboard_arrow_right How could Tesla's deal with GM and Ford impact the wider EV industry?
autonews.com muddle standard
bloomberg.com Good for EVs and Bad for EV Charger Firms
arstechnica.com reignites the charging standard war
thedriven.io trigger domino effect
cnbc.com pressure other automakers and the U.S. government to adopt Tesla's charging technology
tipranks.com add an extra $3 billion to services EV charging revenue
benzinga.com allowing their electric cars access to its charging infrastructure
electrek.co EV owners with CCS will have access to more charging stations
teslarati.com make the NACS connector standard on their vehicles starting in 2025
businessinsider.com will be able to charge their EVs at many of Tesla's charging stations
cnn.com GM's electric vehicles would be able to charge using Tesla (TSLA)'s charging network
techcrunch.com risks upsetting existing and future owners, who will soon have to contend with more competition for charging space
greencarreports.com puts three U.S. automakers--Tesla, Ford, and GM--on the same domestic EV charging standard
thedrive.com opening up the Supercharger Network to legacy automakers
finance.yahoo.com to access its electric vehicle-charging infrastructure across North America
Tesla shares were up 6% at the time of writing as the market reacted favorably to the news. However, at current prices, we view Tesla shares as fairly valued, with the stock trading a little more than 15% above our fair value estimate but in 3-star territory. Accordingly, we recommend that investors wait for a pullback in shares and for shares to offer a discount to our fair value estimate before considering an entry point.
We view this news as positive for EV adoption in the United States. With EV charging unified under the NACS, drivers would be able to charge their vehicles at any Supercharger, much like how drivers of gas-powered cars can fill up at any gas station. We think other automakers will likely follow suit and the NACS will become the standard throughout North America. Combined with more charging stations being built along highways, this should alleviate the difficulty of finding a public charger, which is the largest barrier to EV adoption for U.S. consumers.
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keyboard_arrow_down keyboard_arrow_right What is the potential impact of the shift towards NACS on the EV charging industry?
businessinsider.com will now compete with two other main charging port types
cnbc.com pressure other automakers and the U.S. government to adopt Tesla's charging technology
cnn.com it will make adapters available so drivers can still use CCS chargers, as well
tipranks.com allow it to use Tesla's Supercharger Network
electrek.co Tesla's connector has basically become the new standard in North America
teslarati.com Electrify America's position in the EV charging space is precarious at best
caranddriver.com put Tesla's North American Charging Standard (NACS) on the path to be the dominant charging technology in North America
thedrive.com the NACS connector is capable of up to 250 kilowatts of DC fast-charging
greencarreports.com puts three U.S. automakers--Tesla, Ford, and GM--on the same domestic EV charging standard
autonews.com could further fragment the country's charging infrastructure
cnet.com greater access to chargers
detroitnews.com could give consumers pondering an electric vehicle greater confidence the technology is here to stay and that they'll be able to find places to top up their batteries
morningstar.com allow drivers of GM electric vehicles to charge at 12,000 Tesla Superchargers throughout North America
While this is good for the industry, we see less of a positive impact on Tesla. Arguably, access to the company's fast-charging network could be considered an advantage that would cause a consumer to choose a Tesla over other EVs. However, we also don't see the news as negative, as we think Tesla's technological and cost advantages--which underpin our narrow moat rating--remain in place, and will allow deliveries to grow to 5 million vehicles by 2030, up from 1.3 million in 2022.
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keyboard_arrow_down keyboard_arrow_right How could this impact the wider adoption of EVs?
cnbc.com pressure other automakers and the U.S. government to adopt Tesla's charging technology
businessinsider.com consumers should gain more charging options
tipranks.com add an extra $3 billion to services EV charging revenue
electrek.co EV owners with CCS will have access to more charging stations
greencarreports.com 3% per trip, on average, due to increased traffic congestion and additional travel to and from charging stations
thedriven.io triggering a domino effect from charging networks and suppliers
teslarati.com change the electric vehicle (EV) charging landscape
caranddriver.com put Tesla's North American Charging Standard (NACS) on the path to be the dominant charging technology in North America
techcrunch.com risks upsetting existing and future owners, who will soon have to contend with more competition for charging space
autonews.com further fragment the country's charging infrastructure
thedrive.com It's a sign that carmakers don't think faster charging is the way forward for EVs
detroitnews.com give consumers pondering an electric vehicle greater confidence the technology is here to stay and that they'll be able to find places to top up their batteries
morningstar.com positive