Tesla stock is poised to surge 22% as GM and Ford charging partnerships represent huge monetization opportunity, Wedbush says
stock is set to surge 22% as recent deals with GM and Ford to open up its charging network bring into focus a"sum-of-the-parts" story for the EV maker that will drive its valuation higher in the coming years.
"[A]t the end of the day Tesla essentially owns the charging network ecosystem domestically and GM as well as Ford need access for success of its EV strategy and broader EV ambitions over the coming years," Ives said in a note. that Tesla struck last month, could bring in an additional $3 billion of revenue in the coming year.
He added that the move was also smart for GM, as it will help it achieve its objective to expand charging capabilities for its drivers by giving them access to 134,000 charging stations.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
GM's electric vehicles will gain access to Tesla's vast charging networkElectric vehicles made by General Motors will be able to use much of Tesla’s vast charging network starting early next year. In addition, GM will adopt Tesla’s connector, the plug that links an electric vehicle to a charging station. GM joins Ford in shifting its vehicles to about 12,000 of Tesla’s chargers, and both Detroit automakers are pushing to make Tesla’s connector the industry standard. GM CEO Mary Barra and her Tesla counterpart, Elon Musk, made the announcement during a Twitter Spaces conversation. Their discussion comes two weeks after Ford CEO Jim Farley joined Musk to announce that Ford’s electric vehicles would gain access to much of Tesla’s EV-charging network, the largest in the nation.
Baca lebih lajut »
Tesla's stock extends rally after GM joins Ford in adopting Supercharger tech - AutoblogTesla's stock has extended gains following General Motors' decision to adopt the EV leader's charging plug standard.
Baca lebih lajut »
Ford Could Sell 500,000 EVs Per Year In USA With Tesla Supercharging Access - CleanTechnicaFord is on track to sell between 40,000 and 50,000 electric vehicles in the US this year. That’s not good. Yet, first-quarter sales imply Ford will be the 3rd best selling automaker in the EV industry in 2023. Tesla, meanwhile, is on track to sell about 640,000 electric vehicles in the US in 2023. So, […]
Baca lebih lajut »
GM to use Tesla charging network, joining Ford in leveraging the EV leader's techGM, like Ford, will begin installing a charging port used by Tesla, known as NACS, instead of the current industry-standard CCS in its EVs starting in 2025.
Baca lebih lajut »