And this revenue stream could become quite massive. I've been thinking about this a lot lately. With NACS as the standard, Tesla has a significant brand advantage when it comes to selling its L2 charging network. Tesla's L2 network should quickly dwarf companies like ChargePoint.Supercharger Revenue
Tesla new revenue stream - destination charger payments go live!
Just think of all the apartment complexes that are ready to install chargers. The complex gets paid. Tesla gets paid. Residents save money over buying gasoline. Everybody wins except the oil companies.
Analysts have talked about how putting everyone onto the Supercharger network won't bring in a lot of revenue for Tesla. But Supercharging is not where the money is. The big money for Tesla will be in apartments, condos, and businesses offering L2 charging. This is where millions of EVs will charge every day. And Tesla will get a nice cut.
Let's throw out some napkin math.
From what I gather, about 25% of US drivers don't live in a place where they could install a private charger. So they would rely on an L2 network like Tesla's. Let's say we are at a point where 25% of the US fleet is electrified. The fleet is currently about 290 million cars. So that's about 18 million who need to charge on L2. And let's say it averages about $5 per day of revenue per car and Tesla has a 50% share of the L2 charging market. Tesla's revenue is split 50/50 with the owner of the property. (Note that I'm assuming the $5 is after paying the utility for the electricity)
So we have:
18,000,000 x 50% x $5 = $22.5 million per day split evenly with the property owners.
We are talking about roughly $8 billion in revenue per year going to Tesla. And it's mostly profit.