Tesla is looking to cash in from its ubiquitous charging network

US electric car manufacturer Tesla is looking to rake in c. USD 3 bn by 2030 from its charging agreements from top US automakers Ford Motor and General Motors, Bloomberg reported this week. Per the partnership, Ford and GM customers can purchase a Tesla-made adapter that allows them to access over 12k of the company’s superchargers starting early 2024. Its unique charging port will also be built into Ford and GM’s EVs in 2025. The company’s Superchargers are emerging as the company’s most top deal-making production with a widespread presence in North America, Asia, Europe, and the Middle East. By the end of 1Q 2023, Tesla consolidated its position in EV charging with around 5k charger stations and over 45k charging stalls or connectors globally.