According to RBC analyst Tom Narayan, European auto giant Stellantis, which owns brands including Chrysler, Peugeot and Maserati, is believed to be the next company to sign an agreement with Tesla to use the stations. company supercharger. It will follow similar agreements Tesla has signed with Ford and General Motors. The so-called turbochargers allow cars to replenish batteries at 100kW or more, about 14 times faster than a typical wall plug at home. Last month, Ford announced it had signed an agreement with Tesla that would allow the Detroit automaker’s electric vehicles to use Tesla charging stations with a plug adapter. Investors cheered the news, with shares of Tesla and Ford up 4.7% and 6.2%, respectively, a day after the announcement. The stock prices of both automakers have risen more than 25% since then. TSLA GM, F 1M line General Motors also reached a similar agreement with Tesla earlier this month. “When you look at both, the Ford release and the GM release, they are essentially identical in terms of terms,” Narayan told CNBC Pro. “Really don’t understand why Ford and GM and not Stellantis.” It is hoped that the partnership between Tesla and other automakers in the US will boost the use of electric vehicles by improving access to charging infrastructure. Narayan likens the situation to “a high tide lifting all the boats”, implying that improved charging infrastructure will encourage more people to buy electric cars. This will increase demand for electric vehicles, benefiting all manufacturers involved. The table below shows analysts’ current upside potential for Tesla, Stellantis, Ford and GM stocks, according to FactSet data. Will the deal hurt Tesla? Narayan said the deals show Tesla is less worried about losing customers to other electric vehicle makers. Instead, it focuses on attracting potential customers who are still buying traditional gas-powered vehicles, like the Toyota Corolla or Honda Civic, and convincing them to switch to electric vehicles. “New [EV] auto sales, it’s still less than 10% [total car] Narayan said, highlighting the huge untapped growth potential in the electric vehicle market. Opening Tesla’s extensive and reliable charging infrastructure in the US to other brands could play a key role in overcoming one of the most important barriers to electric vehicle adoption in the US. US: worry about range or fear of running out of battery before reaching the charging station.” By opening up the charging infrastructure, it alleviates the main concern in the US, which is worry about range. And specifically, it’s not just range anxiety, it’s charging anxiety,” Narayan explained. The actual plug standard Narayan also says that such a partnership with Tesla could set a new standard in the automotive industry. For example, if manufacturers like Ford, GM and potentially Stellantis fit into Tesla’s supercharger infrastructure, it could set a precedent for smaller manufacturers to follow, potentially making for the Tesla charging standard to become commonplace. Narayan. He hopes all automakers will eventually adopt it. Analysts also suggest that any costs automakers incur to switch to Tesla’s North American Charging Standard (NACS) plug standard will likely be negligible. “We believe the breadth of the TSLA network, as well as the driver satisfaction rates, have entice [other automakers] Bank of America analyst Alex Vrabel said in a note to clients on June 9. “Tesla certainly now has more direct access to a larger portion of the electric vehicle market going forward. , we believe investors are global automakers Looking ahead, Narayan said he expects more European manufacturers to sign charging agreements with Tesla in the United States. In November 2021, Tesla opened its supercharger network in Europe, Australia, and China to non-Tesla vehicles. [automakers] to sign similar agreements in the US, especially in Germany [firms for whom] The US is a very important market,” he said. “Mercedes, BMW. I can also see Volkswagen.”