EVNow
Well-Known Member
This sounds like 3D chessFor those worried about Tesla losing a moat, realize that it was losing it anyways. While WE know the CCS network sucked, the new EV buying public generally does not, meanwhile the CCS network was getting better everyday.
With this announcement, Tesla has immediately caused every CCS charger manufacturer and network operator to rethink whether they‘ll have any customers in five years.
So rather than face an inevitable competition against CCS, Elon has kneecapped the network before it grew out of it “sucks” stage and made it very likely it will never grow up to be a viable competitor at all.
Tesla has more than enough innovative moats to take the place of the Supercharger network going forward.
I think WS will not see this as a net positive for Tesla. Already CNBC is on the case talking to … who else but Fields and Johnson.
Would be interesting to see what analysts put out in their notes overnight / tomorrow.