all recently announced that their vehicles would also soon be fitted with the NACS connector, all but forcing other charging companies to adopt the standard to stay relevant.The Supercharger network is already the most robust fast-charging network globally. In the the first quarter of 2023, the number stations grew 33% to 4,947 from 3,724 the year prior. The number of charging plugs grew at roughly the same rate, hitting 45,169 in March.
Now, it's likely new revenue will enable Tesla to bolster the charging business even more — further assuring Tesla owners that the exclusivity of the network and charging capabilities won't be lost as others join in on the fun.that,"What's interesting about this is it does help Tesla underwrite the charging station expense." Wood is a notorious Tesla bull, with a $2,000 price target on Tesla stock by 2027.
"If you look at Tesla sales they are highly concentrated on the coasts," Wood said."Now, it's going to make a lot more sense for Tesla to roll out charging stations that much faster throughout the country." "Tesla is smart, right? Tesla has so much data," McDonald added."This whole concept will have been a failed exercise if all of a sudden, two years from now everybody's waiting 30 minutes at hundreds of Superchargers because of all the other automakers. I just don't think Tesla's going to allow that to happen."