Tesla charging station network ‘competitive moat’

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“Part of the strategic attraction to Tesla is its physical infrastructure footprint, which we believe, over time, can improve the customer experience, reduce friction points, and support the fleet management of many millions of Tesla vehicles on the road and in both captive and 3rd party commercial fleets,” Jonas said.

Morgan Stanley estimates Tesla will expand the supercharger network to 15,000 stations “by 2030 to support a Tesla on-the-road fleet size approaching 13 million units,” Jonas said.

Tesla shares rose 1.3 percent in premarket trading from Monday’s close of $312.84 a share. Morgan Stanley has an equal-weight rating on Tesla and a price target of $283 a share.

2019-02-12 12:52:00

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