Comment by flurie
Comment by flurie 2 days ago
I'd seen some rumors that Tesla has been trying to slow down onboarding of other automakers to their charging network, so it's good to see information to the contrary.
I still struggle to see how this ends up favorable for Tesla in the long run. They did not charge licensing fees for the connector, and even if they charge a premium to charge non-Tesla vehicles, now owners of Tesla vehicles are going to run into situations where a Chevy Bolt has to double park to use a Tesla fast charger at <=50kW, doubly driving down utilization.
Tesla actually had $1.74 billion in revenue from its charging network in 2023, Bloomberg estimates that they probably made about 10% profits from that or $174 million. They are predicting that to grow to $7.4 billion in revenue by 2030. In my neck of the woods many of the Tesla superchargers I see are empty most of the time, presumably adding 3rd party vehicles is a way for Tesla to increase it's profits on their already built out network. Of course Tesla is still adding to their network but presumably as that investment decreases and the fact that they are charging more for non-Tesla vehicles, their profits will increase. It seems like it's turned into a nice little side business.
https://insideevs.com/news/715644/tesla-supercharger-network...