Elon Musk Says Other Automakers Are Using Tesla Superchargers

One of Tesla Inc's TSLA biggest strengths is its electric vehicle charging infrastructure. The Tesla Supercharger network has over 20,000 electric vehicle chargers worldwide and is rapidly expanding. A Tesla owner can travel virtually anywhere U.S. and be able to charge their vehicle quickly at a Supercharger station.

CEO Elon Musk has said in the past that the Tesla Supercharger network is open to use by other electric vehicle manufacturers, but to use the system other companies would need to help invest in the expansion of the network. As of today, no other company is known to use the Supercharger network.

However, Musk says Superchargers are being made available to other electric cars. He didn't mention what other companies are currently working on Supercharger compatability.

Benzinga's Take: This is great news for Tesla, electric vehicle owners, and whichever company will supposedly be using the network. Tesla will get assistance in Supercharger expansion, while also possibly making a small profit on the electricity used to power the other company's vehicles. Customers benefit from more charging stations, and whichever company uses these chargers will be able to advertise fast, convenient charging easily available.

Click here to check out Benzinga's EV Hub for the latest electric vehicle news.

Photo courtesy of Tesla.

Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Posted In: Techelectric vehiclesElon Musk
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!