Hyperdrive
Tesla Set for $3 Billion Boost From Ford, GM Charger Deals
- Automakers forge US charging standard by joining Tesla network
- Piper Sandler estimates growing revenue from non-Tesla owners
ATesla Supercharger station.
Photographer: SeongJoon Cho/BloombergThis article is for subscribers only.
Tesla Inc. stands to bring in as much as $3 billion by 2030 thanks to deals with Ford Motor Co. and General Motors Co. for their electric vehicles to use its charging network, according to Piper Sandler & Co.
The Elon Musk-led electric-vehicle company announced the latest deal Thursday in a Twitter Spaces audio chat alongside GM Chief Executive Officer Mary Barra. It was Barra’s first appearance on the social media site since Musk completed his purchase of Twitter late last year. Ford CEO Jim Farley announced its deal with Tesla in a similar arrangement in May.