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Bingo, but Tesla also likely wouldn't have built those without sizable grants to do so, just as Electrify America did with settlement money. I'm unsure whether
by nrr 3y ago
Bingo, but Tesla also likely wouldn't have built those without sizable grants to do so, just as Electrify America did with settlement money. I'm unsure whether that's a high-enough margin part of their business to warrant that kind of outlay for charging infrastructure otherwise.
It minimally isn't something I'd build out as a loss leader unless I had additional financial support to make it work.
- toomuchtodo 3y agoTesla spent ~$1B of their own capital to build the global network without including subsidies.
- nrr 3y agoOut of curiosity, where did that number come from? I can't verify it.
- bryanlarsen 3y agoTesla has 20,000 chargers in the US. All of Tesla's competitors spend more than $100k per charger.
- toomuchtodo 3y agoTesla has also substantially improved its costs, as it manufactures it's own chargers. Circa 2017, it cost them ~$250k per station from UBS' report [1], although it turns out UBS was wildly wrong about what the total cost would be for Tesla to reach the desired network density. [1] https://neo.ubs.com/shared/d1N4RjMdUf/ https://neo.ubs.com/shared/d1N4RjMdUf/
- nrr 3y agoDo they have 20,000? Where are you getting that figure from?
- toomuchtodo 3y agoUS Dept of Energy. > There are 1,974 Tesla Supercharger stations in the U.S. housing 21,852 Tesla Supercharger ports, according to data collected by the U.S. Department of Energy. That’s roughly a quarter of all DC Fast (the quickest type of EV charger) EV charging stations in the country and nearly two-thirds of all DC Fast EV charging ports. https://www.fool.com/research/tesla-supercharger-stations/ https://www.fool.com/research/tesla-supercharger-stations/ https://afdc.energy.gov/fuels/electricity_locations.html#/find/nearest?fuel=ELEC&ev_connectors=TESLA https://afdc.energy.gov/fuels/electricity_locations.html#/fi...
- _ea1k 3y agoYeah, and there have been ~200 more locations added since then.
- bryanlarsen 3y agoTesla started building their network many years before they received any subsidies for station building.