![]() Tesla, which is touted as the clean energy revolutionary automaker, is much more than just a car manufacturer. The firm's three-pronged business model approach of direct sales, servicing, and charging its EVs sets it apart from other carmakers. Tesla, which has managed to garner the reputation of a gold standard over the years, is now a far bigger entity that what it started off since its IPO in 2010, with its market cap crossing $1 trillion for the first time in October 2021.? The EV king's market capitalization is more than the combined value of legacy automakers including Toyota, Volkswagen, Daimler, General Motors and Ford.Over the years, Tesla has shifted from developing niche products for affluent buyers to making more affordable EVs for the masses. The company's flagship Model 3 is the best-selling EV model in the United States. SEANA SMITH: We will see how this all plays out.Tesla is the market leader in battery-powered electric car sales in the United States, with roughly 70% market share. So there is a possibility for that to be the next standard. designs, develops, manufactures, leases, and sells electric vehicles, and energy generation and storage systems in the United States, China, and internationally. NASD Consumer Cyclical Auto Manufacturers USA Scroll to Statements Show Previous Ratings Tesla, Inc. Why not use that NACS standard that seems to work well. Draw TSLA - Stock Price Chart TSLA Tesla, Inc. Tesla will live on its own like it's always been doing that for over the past 10 years.īut now with Ford joining forces with them, it makes you really kind of think it's possible maybe a Hyundai or a Kia, someone like that, says, you know what? We want to actually hop on that service, too, and not rely upon our own cobbled together networks of like ChargePoint, EVgo, Electrify America, all these different players that sort of don't work together very well. Before this Ford deal, I would have said the CCS universal standard will probably be the main one. PRAS SUBRAMANIAN: Yeah, I mean, this is sort of- a Bloomberg writer said, this is like a Betamax versus VHS situation, where there's two competing standards. According to Handelsblatt, the outlet received about 100 gigabytes of data from a Tesla whistleblower in the form of at least 23,000 files including PDFs, spreadsheets, and emails. There's two very different ways to charge EVs, which you would think could potentially limit adoption at some point. Because there has been this massive push, obviously, for a universal charging experience, yet you still have two big players. A plethora of catalysts, a bargain basement valuation, financial efficiency, growth and liquidity, and strong technical action are key reasons why Tesla's stock should be higher 6-12 months from now. SEANA SMITH: Well, what do you think happens to that? Because I think that's a big question that everyone's asking right now. But the big question is, what happens to the universal CCS standard that you see right there that GM and other people use. Maybe $1 to $3 billion in revenue down the line when this is kind of up and coming up and going and other manufactures may hop in on there. It unlocks some incremental revenue for them. So I see why they did it.įor Tesla itself, also a good move. They're always working, and they have plenty of actually chargers. GM, sorry, Ford CEO Jim Farley said this is a good move, because they think their customers are complaining about reliability and ease of use, and the Tesla network has those kind of situations solved. So a big deal in the sense that these two rivals joined forces together. All new Ford EVs will have the Tesla NACS or North American Charging Standard plug natively built into that car, meaning that car will be able to go to any supercharger without an adapter and start using those natively right away. Starting next year, they'll be able to use Ford EVs using the Tesla supercharger network, which is 12,000 superchargers in the US.Īnd then in 2025, even bigger news. ![]() Ford joining forces with, essentially, is its rival, Tesla there. People were surprised by the actual move itself. PRAS SUBRAMANIAN: mean, this deal was announced ahead of the holiday weekend. Now, the recent deal putting two of the biggest US auto companies on Tesla's charging network, and Pras, this really raises the question just about the future of EV charging and what could potentially maybe be the standard, if it's going to be Tesla superchargers. ![]() Ford's EV customers will be able to use thousands of Tesla superchargers starting next spring. In late May, Ford jolted the EV charging space after its game-changing agreement with its rival, Tesla. ![]() SEANA SMITH: Well, shifting gears now to the world of electric vehicles.
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