The Tesla Supercharger network is more than just a bunch of charging stations—it’s a rising financial giant. A few years ago, Tesla said that its Supercharger stations would “never be a profit centre.” A Wall Street analyst thinks that comment could soon be worth up to $20 billion (about 1.1 trillion).
Wedbush Securities’ Dan Ives thinks that the Supercharger business could bring in up to 6% of Tesla’s overall income by 2030. That’s not chump change, especially when you consider that this estimate takes into account deals like the North American Charging Standard (NACS) agreement with multiple automakers, Tesla’s energy projects, and its AI investments.
Big companies like Ford, General Motors, and Mercedes-Benz have already signed the NACS deal. So, Tesla is not only making more money from its Superchargers, but it is also setting the bar for how EVs should be charged. Not bad for a part-time job!
Tesla Model 3
As of June 2023, Tesla will be giving new Model 3 buyers three months of free supercharging that could be used as much as they wanted. This is a great deal for buyers and a smart way for them to make their Supercharger network more attractive.
What’s also interesting is that other companies that join NACS don’t have to pay licencing fees. But Tesla does charge customers to use the Supercharger stations, so this side business has the potential to grow into a money-making machine.
Elon Musk may hint that Tesla car prices will go down even more, but the approach seems to be different when it comes to Supercharging. It’s like a carefully planned game of chess, where each move, from licencing deals to temporary freebies, is meant to make Tesla’s Supercharger network not just a plus, but maybe even its future goldmine.
YOU MIGHT WANT TO READ:
ManilaShaker is a tech media producing insightful and helpful content for our local and growing international audience. Our goal is to create a premier Philippine digital consumer electronics resource that provides the most objective reviews and comparisons globally.
