#tesla #gm #ford #supercharger
Tesla recently announced its EV charging deals with Ford and GM. Oppenheimer Managing Director and Senior Research Analyst Colin Rusch joins Yahoo Finance Live to discuss what this means for Tesla and the EV charging landscape.
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Yep. It shows the world Tesla is in front and just letting the other companies come along for the ride.
It does make their superiority so explicit as to be difficult to ignore. It also negates the Elon stupid / bad / greedy billionaire narrative.
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@Terry Pasca Please do you mind sharing any means of reaching out to him easily? I’m really interested
While investing during a period of higher inflation appeared daunting at first, I learned to navigate it by consulting with Mr. Steve , who devised a strategy to shift my fixed-income investments that weren’t providing adequate returns to a diverse portfolio that would provide higher returns
The adapter thing may be a problem. We have a model 3 and a Chevy Bolt euv. My wife has an adapter, so she can charge her chevy at a Tesla destination charger. She has had one damaged (someone kicked it), and it wasn’t cheap. At the time that adapter cost over $200. I also have an adapter to charge my M3 at home, but that one is much smaller and much cheaper at only $60. ( our home chargers are not tesla but grizzlee L2 units).
Time to buy a regular old gas car, so you don’t have these problems.
@RTZ ZZ You obviously don’t understand the savings that owning electric brings.
The crux of this move by Elon is to force other OEMs to accelerate their EV business by simplifying charging and reducing “range anxiety”…by increasing the adoption and conversion to EVs in the auto industry, the relative big winner will be…Tesla.
Umm… Tesla already had these stations in place, this just adds more traffic for Tesla drivers. Sure they build a few more out over the years but so will the increased F/GM vehicles taking up Tesla spaces.
It’s good for F/GM, neutral for tesla, and bad for Tesla owners
I think you need to review the EV sales. Ford and GM EV numbers are a rounding error. I noted Sweaty Craig from Roth talking about Tesla’s sitting behind a Hummer. There were 3 Hummers built globally in 2022!! THREE!!! I mean it could happen. But I think a lightening strike is more probable. The commitment to Tesla Supercharger roll out (govt funded) means that there will be more than enough chargers. Also, Tesla have not opened up all chargers. They have said 12,000 from next year. Tesla charging experience will remain premium. Competitor charging bearable and better, bit inferior.
@Shake Spear Ummm…Tesla will build out the SC network throughout the nation with the additional revenue and Govt subsidies.
@Gus Levy Exactly. I’m perplexed at how folks think Tesla will agree to all this and do nothing to increase their SC network. Besides, this move will allow new players to enter the SC space as they will now have a standard to focus on. If EVs are you hit the S curve then range anxiety must be solved for those on road trips. We are now on the right path with NACS becoming the standard.
@Shake SpearLmao Ford and GM are basically paying for Tesla to build out the network even more. Second neither of those companies can make a profitable EV or build them fast enough to where it will affect Tesla customers. Chess move by Tesla. 😂
There were island networks for cell phones at first and the problem got solved fairly quickly with roaming agreements. The fact that Ford and GM customers won’t have to use the Tesla app proves that it’s possible, we need all chargers to be plug and charge no matter what brand it is or what connector it has. As for a charging connector standard that is a nice to have but the Tesla one is much easier to use. Come to think of it we still don’t have a charging standard for cell phones… my wife and I still have to have both cables all over the place.
Only in the USA. EU standardized EV and cellphone charging a while ago
@89five3five The EU picked the better standard for phones, but did not pick the better standard for EV’s. Either way, I guess having a unified standard is better.
This was very smart for Ford and GM. The main objection a Ford or GM salesperson had to overcome was customer who were concerned about up time and availability of chargers compared to Tesla. In the future they can say “you can use the Tesla chargers too”.
When you are desperate then it’s not really a smart move. Elon was very very gracious but they are his bitches now!! It’s good for consumers. Granted by Elon Musk. Simple as that. I know it does not fit the narrative. But there you have it!!
Colin is absolutely WRONG, his assumptions are totally wrong. Consumers want to know that SUPER chargers are available EVERYWHERE AND ANYWHERE THEY GO. It is NOT about where Most of the charging is done now. He sounds like a text book mba with a very narrow scope, or he is shilling for chpt. CHPT IS DOOMED unless they switch to NACS. As Tesla Rolls Out more Super Chargers , the less chpt chargers will be utilized. chpt share price will plummet more.
I thought the same thing, Colin has been a strategic thinker of Tesla in the past and was high on Tesla, but the last 8 months he has shifted his stance significantly that its very noticeable, one would assume him, or his firm has been influenced to negate some of Tesla’s success…
He’s a cyborg or at least acts like one
Tesla is in danger of becoming a monopoly
Not when they have opened up the majority of their Patents, if their competition chooses not to use them to remain competitive that’s on them not Tesla.
Fad to monopoly in one easy step. Interesting!!
It’s about reducing range anxiety for non Tesla customers on road trips. Not brain surgery.
Tesla has the charging real estate and ford will advertize for them win, win.
The other charging companies are about to go out of business and Ford and GM suckered Musk into using his. He’s losing money on them and meanwhile ford and Gm are laughing at him behind his back and they will put Tesla out of business within 3-5 years.
Other charging networks are really needed too to peovide all the charging needs. These stocks are way oversold
This guy fucks
IGNORANCE IS TODAY THE ONLY REASON PEOPLE DON’T CONSIDER AN EV: They’re SAFER, FASTER, MORE FUN, ALWAYS UPDATED, CONVENIENT AND WE charge at 90-100x CHEAPER than gasoline when we do overnight super-off-peak charge at 70 cents for 315 Miles/70kW. Our BMW cost about $60.00 to fill up, gave us 200 miles, so now we get 315 miles for 70 cents. PLUS pretty much no repairs, maintenance, annual emission tests+you get to drive by yourself in HOV lanes in some states with an EV PLUS – HUGE PLUS nobody almost is talking about: A Tesla (maybe other EVs too) should last 3-5x LONGER than a gasoline car, so to REPLACE ONE Tesla the gasoline car person needs to dish out payments for 3-5 cars, including inflation for the cars and repairs why a Tesla might be 80-90% CHEAPER to own over time.
NACS = THE GLOBAL SOLUION in the future. Kind of like having the same gasoline all over the planet so ALL EVs can be charged at the DOMINANT STANDARD CHARGER NETWORK=TESLA’S
Within his first sentence he nails it…blows right through all the conventional cynical thinking and takes what apparently is quite the leap of faith by believing that Tesla means what they say.
Imagine sending your customers to your competitor’s lair because you have no other option. Weak position to say the least.
‘Tesla isnt doing it out of their heart’ – beetch have you read Tesla’s mission statement? Stick your head out of the capitalist/consumerism mindset for once.
i think that if Chargepoint, EVgo and the other charging networks were nearly as good as Tesla’s is, that Ford and GM wouldn’t bother partnering up with them. The fact that they have says that the other networks have a ways to go to catch up with Tesla, and unless they can do it quickly, they may lose their business to Tesla.
Ford and GM will need to create their own supercharger network along with Tesla.
The first shot of heroin is always free.
Ford and GM have not just committed their EVs to Tesla brand meals on wheels, they have “enthusiastically” signed up to replace the cars entire digestive system with a Tesla made transplant.
Not the first hesitant step down the slippery slope. More like a headfirst running leap!