Tesla’s chargers have been crushing it these last few months. To date car manufacturers including Gm, Ford, Rivian, and recently Toyota have all stated they will adopt Tesla’s chargers. Now news that BP has bought $100 million worth of Tesla chargers. “This marks the first time Tesla has ever sold chargers to another company, according to an announcement from BP.”
So what’s behind this move? BP is rebranding them with a “BP Pulse” logo and will be used as part of BP’s own charging network. Smart move. “BP Pulse, BP’s EV charging business, operates 27,000 charging points currently and has announced plans for rapid expansion.”
Why is Tesla doing this deal? Well for one, they probably marked up the cost of the chargers to include a healthy profit margin. And since they’ve never sold their chargers to anyone else, this could open the door to a new market and revenue stream.
BP buys $100 million worth of Tesla chargers