Bull investor sees little profit from Tesla’s charging deals
Tesla may be in line for a relatively big revenue boost from opening its fast-chargers to competitors, with a more incremental potential increase in earnings, according to a longtime bull.
Ford Motor, General Motors, and at least four other automakers have announced plans to adopt Tesla’s formerly proprietary plug design in exchange for access to the company’s Supercharger network. Baird analyst Ben Kallo sees the deals contributing up to $15.7 billion to Tesla’s top line by 2030, and adding as much as 45 cents to earnings per share.
