The Tesla Overload Network (NASDAQ: TSLA) allows Tesla owners to charge their vehicles in just one hour, reducing remote anxiety and enhancing the Tesla presence experience. The compressor network continued to grow from approximately 1,500 stations in the first quarter of 2019 to more than 3,250 stations in the third quarter of 2009 and the number of connections representing the number of vehicles that can be loaded at the same time is the same period.
For more information, see Detailed Dashboard Analysis of the Tesla Charging Infrastructure.
However, Tesla compressor locations are growing more slowly than the number of Tesla cars on the streets. Tesla’s cumulative shipments rose from 320,000 in the first quarter of 2019 to 2 million in the third quarter of 2009, bringing the number of plug-in vehicles to about 69 from less than 47. This is a problem because it can increase traffic congestion and customer waiting times.
However, Tesla tried to fix it quickly. In a recent conference call, the company announced that it will double the size of its global turbocharger network over the next two years, focusing on areas of high demand. This is especially important as the company plans to expand its offering by 50% per annum over the next few years.
Tesla is also starting to see charging infrastructure as a source of revenue. The company offers vehicles for free charging for life, but in recent years that benefit has been significantly removed and new car customers have had to pay for compressors. In addition, the company is considering opening up its compressor network to other electric vehicle brands by launching a pilot program at 10 stations in the Netherlands earlier this month. Tesla is expected to charge a premium for charging vehicles other than Tesla.
[01/10/2020] Is the charging infrastructure a barrier to Tesla’s growth?
Tesla’s compressed network (NASDAQ: TSLA) allows Tesla drivers to charge their cars in just one hour, reducing remote anxiety and enhancing the Tesla experience. Below, we’ll look at how Tesla’s congested network is evolving and compare its growth to cumulative supply and competing charging networks.
View detailed dashboard analysis of Tesla’s charging infrastructure
Tesla’s compressed network is growing, but not quite soon
Tesla’s overloaded network grew from about 1,200 stations in the first quarter of 2018 to more than 2,035 stations in the second quarter of 2008. The number of charged connections, which represents the number of vehicles that can be charged at the same time, rose from 9.3k to 18k in the period the same period.
The number of charged connections for compressors increased slightly from 7.7 to 8.9 in the reporting period. However, with the launch of the Model 3 and Model Y and the rapid expansion of Tesla’s production scale, the number of Teslas on the road is outpacing the congested network growth.
As Tesla’s cumulative shipments increased from 320,000 in the first quarter of 2019 to 1.1 million in the second quarter of 2008, the number of vehicles with connectors increased from less than 35 in early 2018 to about 60 today. That means you succeeded. Tesla owners can still use third-party networks (which may require an adapter), but the speed and experience may not be the same as using their own Tesla compressor.
How does Tesla’s charging network compare to its competitors?
Tesla still outperforms its competitors when it comes to fast charging. In total, there are more than 9,600 Overcharged Points in North America. In comparison, ChargePoint, an independent EV charger network, has around 2020 points for fast DC charging, while Volkswagen Electrify America’s network has around 2,000 points. However, Tesla’s entire network, including level 2 fast and slow chargers, reaches about 20,000 in North America. This is far behind ChargePoint, which has a nearly 35k charging port.
Further upgrades and battery upgrades could help Tesla overcome bottlenecks
However, there are ways Tesla can address potential bottlenecks. The first and most obvious solution is to build more compressors. Tesla currently has enough capital to do this and last quarter had about $9 billion in cash. In addition, Tesla hopes to increase the range of new vehicles to reduce dependence on chargers.
Tesla can do this with a more compact and cheaper battery or other powertrain enhancements. For example, during Battery Day, the company said a new “desktop” battery could add 16% of range. See an interactive analysis of how Tesla’s battery costs affect gross profit. Learn more about Tesla’s battery economy.