Tesla is set to earn as much as $3B by 2030

 

Tesla is set to earn as much as $3B by 2030, thanks to its deals with Ford Motor Co. and General Motors Co. to allow their electric vehicles to use the Tesla charging network.  Tesla announced a deal with GM on Thursday to open up its charging network. Tesla's charging model is the standard in the U.S. amongst the largest American automakers and will pressure competitors to get rid of the competing standard, known as CCS. "Other brands will be forced to join this consortium, effectively establishing Tesla's 'North American Charging Standard' as the preferred approach for EV charging — at least in the United States," Piper Sandler analyst Alex Potter said in a research note Friday. Piper Sandler estimates Tesla could add upwards of $3B in charging revenue from non-Tesla owners alone by 2030 and $5.4B by 2032.