Elon Musk Predicts 'Inevitable' Adoption Of This Tesla Tech By All Major Automakers: 'To The Well-Organized Mind…'
Portfolio Pulse from Anan Ashraf
Tesla CEO Elon Musk predicts that all major automakers will inevitably adopt Tesla's North American charging standard (NACS). Most major automakers, except Volkswagen, have already embraced Tesla's charging standard since Ford initiated this move in May 2023. Automakers that have adopted Tesla's NACS include Ford, General Motors, Mercedes-Benz, Hyundai, Honda, Rivian, BMW, and Toyota. Stellantis NV, the parent company of Chrysler, and Volkswagen are yet to make this transition.
October 20, 2023 | 11:40 am
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POSITIVE IMPACT
The widespread adoption of Tesla's NACS by major automakers could potentially increase Tesla's revenue and strengthen its position in the EV market.
The adoption of Tesla's NACS by major automakers could lead to increased revenue for Tesla as it could charge licensing fees. Additionally, this could also strengthen Tesla's position in the EV market as it would make Tesla's charging infrastructure more ubiquitous.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Volkswagen has not yet adopted Tesla's NACS, which could potentially put it at a competitive disadvantage in the EV market.
Volkswagen's reluctance to adopt Tesla's NACS could potentially put it at a competitive disadvantage as it could limit the compatibility of its EVs with the growing network of Tesla chargers. This could potentially impact its sales and market share in the EV market.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 60