Rivian CEO Speaks Up About NACS Charging Pact: Dollars Flow To Tesla, Data Stays Put
Portfolio Pulse from Anan Ashraf
Rivian Automotive has revealed details of its collaboration with Tesla on charging infrastructure. Rivian's customers will pay for the charging, with the funds flowing from Rivian to Tesla. This is the first time any company that joined Tesla’s charging network has spoken about paying for the service. The access to Tesla’s North American Charging Standard (NACS) will help Rivian’s charging network to reach profitability. Rivian signed an agreement with Tesla to adopt the NACS in June, allowing Rivian customers to charge their vehicles on Tesla’s supercharger network starting in spring 2024.
August 09, 2023 | 6:33 am
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Rivian's collaboration with Tesla on charging infrastructure could help its charging network reach profitability.
The collaboration with Tesla allows Rivian to leverage Tesla's extensive charging network, which could attract more customers and help its own charging network become profitable.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Tesla's collaboration with Rivian on charging infrastructure could provide additional revenue.
The collaboration with Rivian allows Tesla to monetize its charging network by charging Rivian's customers for access, which could provide an additional revenue stream.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80