Liz Stone
12-10

$Tesla Motors(TSLA)$ Last qtr Tesla disclosed a charging station deployment increase of 23 percent. This was on top of a growth rate that's faster than all competitors combined. Now even manufacturers like Polestar, Geely, Volvo, are joining Ford, GM, Toyota, Honda, Nissan, Rivian, and Lucid to have fully integrated Tesla charging stations in their infotainment systems. Tesla has taken 2 more steps to expand their lead. The 500kwh faster version 4 cabinets are cheaper to build ($43,000 with 4 stalls vs $200,000 for next lowest priced competitor, EVgo). In addition it can handle 8 charging stalls versus 4 for the version 3. This means expect another bump in deployment numbers. With it expect another revenue jump in q4.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment