Tesla may just be starting to unlock its true potential
This is significant because Tesla's software and charging infrastructure have long been viewed as key advantages against the company's rivals. But Musk obviously sees sharing Tesla's tech as a way to catalyze EV adoption — in addition to driving new revenue streams.
Ives, who has an outperform rating and a $300 price target on Tesla, likened Tesla's recent move to an"AWS moment" for Amazon or an"Apple Services moment" because the company will begin making more money via services. He estimated the GM and Ford partnerships alone will generate an additional $3 billion to Tesla's services EV revenue by 2025.said on CNBC Friday
"What's interesting about this is it does help Tesla underwrite the charging station expense," Wood said."Because if you look at Tesla sales they are highly concentrated on the coasts. Now, it's going to make a lot more sense for Tesla to roll out charging stations that much faster throughout the country."
Tesla also will get a lot of free marketing from opening up its network, and can potentially offer even more services at each charging location, hypothetically giving it even more ways to make money."I think there is some fun direction they could take these charging stations over time.
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