Tesla has signed deals with Ford and General Motors in recent weeks, granting their EVs full access to the expansive Supercharger network in Canada and the United States. While some owners might not be looking forward to the increased traffic at their local Supercharger station, investors should be happy at the potential impact to the company’s bottom line.
While there will undoubtedly be financial gains for Tesla with these deals, just how much money the Texas-based automaker stands to earn remains undisclosed. However, if the analysts at Piper Sandler are correct, Tesla could take in an estimated $3 billion by 2030 and $5.4 billion by 2032.
When looking at Tesla’s overall revenue of $81.4 billion last year, an extra $5.4 billion by 2032 isn’t going to make or break the company, especially considering CEO Elon Musk is hoping to be building 20+ million cars by that time. But this influx of revenue is significant and will undoubtedly grow even further as more automakers climb on board the Tesla Supercharging train, and as Tesla continues to expand their industry-leading Supercharging network.
“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. (via Automotive News)
While both legacy automakers will be gaining access to the Supercharger network, they will also both be adopting Tesla’s North American Charging Standard (NACS) on their future EVs. Starting early next year existing Ford and GM EV owners will rely on Tesla-supplied adapters while buyers from 2025 onwards will benefit from the NACS charging port as a standard feature on their EVs.
