BP buys $100 million worth of Tesla chargers
cnn.com
BP buys $100 million worth of Tesla chargers::Oil and gas company BP has agreed to purchase $100 million worth of electric vehicles from Tesla. This marks the first time Tesla has ever sold chargers to another company, according to an announcement from BP.
I'd love if we normalized a little extra information to put things into perspective here.
BP buys 0.0004% of their annual revenues ( of ~$248 B ) worth of Tesla chargers.
Even more useful would be knowing how many chargers that number represents. Even the article states they don’t know what the number is. More charger availability is always good, but a press release like this smells more like greenwashing if we don’t know how useful this is. If all BP stations got a charger, that would be really impressive.
BP is coming out with their own line of EV chargers called BP Pulse. I dont think this is greenwashing more than it is that they probably just want the technology to roll this out
So right now if memory serves Tesla has 2 locations building SC. One in the US somewhere with a capacity I don't remember, and another in China making (edit up to) 10k a year.
They use all the chargers they make, and there isn't enough as it is.
So I'm not sure what BP buying them does? Is tesla building another factory, or is this moving a charger tesla would have built and deployed to be under a different name, but really, there's no extra chargers being made?
Oil companies are anything but stupid and are in it for the long game. BP will eventually become BE.
The Art Of The Long View: by Peter Schwartz is an interesting read.
Indeed. It should be no surprise to anyone that a company owning countless fueling stations would want be able to fuel electric cars. I believe the Tesla charging port was deemed the standard not long ago too so it's a safe investment if all EV start using it. The real surprise is that other companies aren't doing the same.
There's a second open standard as well, primarily in Europe, CCS2, but both are now compatible with each other aside from the actual heads of the plugs, which can be solved with an adapter, no software needed.
You're right overall though, Tesla's now-open standard is expected to be the new standard in the US, and CCS2 in Europe, so it's a very safe investment, because this new standard will be compatible with its competitor, too, with an adapter to use Tesla chargers.
Overall a huge win for electric cars, if the only thing stopping interoperability is a hat, and also a very good investment for any auto company, for the same reason.
This is actually welcomes news.
I've been buying stock (small amounts) of small charging networks because I've found they frequently get bought up by oil companies for far more than the stock is usually worth. Sometimes they're used for green washing and sometimes they're improved upon but at least I made a little money.
A network called "Volta" got bought by Shell which kinda sucks because they're the most popular public L2 charger around here, so far nearly a year later they're still in operation.
Where do you learn of those companies? News, stock trackers?
In my case I have a tiny ev and just kinda pay attention to charge networks suddenly popping up and I'll check to see if they're public. At most stock trading is a very small hobby for me and sometimes it makes a tiny amount of money.
I bet they're also signing a service contract with the company that fixes McDonald's ice cream machines
This is the best summary I could come up with:
Oil and gas company BP has agreed to purchase $100 million worth of electric vehicle chargers from Tesla.
This marks the first time Tesla has ever sold chargers to another company, according to an announcement from BP.
The company is purchasing 250 kilowatt fast chargers, the sort usually called Superchargers by Tesla.
The chargers will be able to power vehicles with either Tesla’s NACS charging port, which many other automakers have announced they are switching to, or the CCS charging port currently common on most non-Tesla EVs.
Some will also be installed at third-party locations, such as Hertz centers, as part of a previously announced deal.
BP Pulse, BP’s EV charging business, operates 27,000 charging points currently and has announced plans for rapid expansion.
The original article contains 205 words, the summary contains 124 words. Saved 40%. I'm a bot and I'm open source!
That's less than 1/10th of what it costs to rename Wikipedia