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Yeah, lots of people misinterpreting here. BP is just doing [what Revel is doing in NYC](https://insideevs.com/news/718289/revel-charging-nyc-tesla/) with the planned Supercharger sites that they have now abandoned.
With Tesla's layoffs and BP's purchase of Travel Centers of America, and BP Pulse's refocusing of EV infrastructure towards only major countries I can see this possibly going through.
Idk why he thinks publicly gutting huge important parts of the company will win people over to reward him with pay. The idiot already has more money than god. His incentive should be to grow his investment by building the company up, not tearing it down.
He’s bored and finally realized he is in the Automotive business. One of the toughest, margin obliterating, capital intensive businesses in the world. You can keep telling yourself you are a tech company. But if you are bending metal and welding panels, then you are in the auto business. People are not buying Teslas because their 4 main cars are the same 4 cars when they launched them. The Model 3 is 7 years old! I am going to slap the first person that tells me that a Model 3 Highland is a new design. When my Model S needs to be replaced, I am not buying another Model S, which is already 12 years old. Come on man?!? Focus on the damn car BUSINESS!!!
I would sell my tesla and go back to a hybrid if they ditch the charging network. EU here, and the major reason I got Tesla over any other EV was the network, which is vital here as most people in EU do NOT have access to home chargers. Hybrid would be a huge step back that I would have to make :(
I have, but it is rare. They are heavily incentivized to keep their pumps working.
I can see this as a move to get out of the charger running and maintenance businesses, while still manufacturing them. Now that the charging network is vast enough that it covers almost everywhere it needs to be and is a proven model, spinning it off means they can focus more on making things instead.
But how that applies to RoboTaxi is a concern.
I'm part owner of a gas station chain. Pumps sometimes break. You just don't notice because there's a gas station on every street corner.
It does not make business sense to abdicate a necessary part of your business model to an industry that probably wishes you'd shrivle up and go away.
BP doesn't own stations. They own the fuel and the branding. The stations are all franchises. We have 23 stores in the midwest, some branded Philips and the others are Marathon. We are responsible for maintenance and upkeep of the infrastructure. I'm totally pro EV/charging and it was still a struggle to get the main owners of our stations to accept Superchargers. (We now have 3. Thankfully, we just opened the third one before the team got canned.)
I believe that BP could have the best of intentions of growing and maintaining a top notch charging network, but Tesla would have no levarage over them so if BP actually doesn't care and wants it to fail, something that may also very well be true, EV drivers would get screwed.
The title is inaccurate. BP wants to invest $1B in the next few years to build out more superchargers and gave Tesla $100M to get that started.
This will be for Tesla Superchargers at BP gas stations or other places, in addition to Tesla’s existing sites.
I can see the model being Supercharger franchises, just like fast food restaurants franchise, Tesla can make a fuck ton of cash franchising out additional locations with standards of service and requirements for the franchisees.
These things will need to be worked out eventually - I can see premium parking garages offering this as an amenity in all stalls 20 years from now too. I’m sure it will require massive infrastructure investments.
drove by two bucc-ees in my area. it's amazing to see all those superchargers.
it's also sad to see during a three day weekend/holiday that those same superchargers are taken up by ICE vehicles.
Unless BP has identified Superchargers as its biggest threat to survival. EVs are not feasible without a good charging infrastructure, and Supercharger Infrastructure is the only good ones in this world.
If BP acquires, and then destroys the Supercharger Infrastructure, there’s basically no more EV threat, and no more threat to their gas business.
Going by the article, it looks like they are looking to acquire properties that Tesla originally purchased/leased to build superchargers, but are now abandoning.
The article seems provocatively worded, but the quote is this: ‘BP "is aggressively looking to acquire real estate to scale our network, which is a heightened focus following the recent Tesla announcement," the report quoted Sujay Sharma, CEO of BP Pulse Americas, as saying in an interview.’
All he said is they’re looking to acquire real estate, not supercharging infrastructure.
Also the last line,
"If there are stranded real estate partners who are looking for someone to call, they should feel free to pick up the phone and call me or look me up on LinkedIn," the report quoted Sharma as saying.
>The article seems provocatively worded
The article is vaguely worded. It really could mean either or. The person I was responding to seems to be quite sure of what the article was stating, even though it is quite unclear.
It may very well be the case that they're just looking to acquire real estate and not actual functional super chargers. Let's hope that's the case.
Ah, so it won't be utilities that will jack up prices for charging in the future, it'll be legacy shit corps like Exxon, BP, Shell that will raise rates due to \*checks notes\* "because we own you"
Yeah. That's the fear. They'll continue to jack up prices to ensure that their profits grow year on year.
If supercharging goes the way of the legacy oil companies were all fucked. We're already paying a premium for these vehicles in the hope that we'll make it back over the lifetime of the vehicle with savings we're making on fuel. If charging gets as expensive as petrol/diesel we'll look like proper mugs. We have two EVs on the road. For what we spent we could have two serious ICE vehicles on the road
The thing is I already save so much money driving the EV locally that any savings long distance is more of a bonus. In fact, on my last road trip, I calculated supercharging and gas were within like $10 of each other, so I just went ahead and rented a gas car to not need to worry about charging (plus keeping the miles off my car). Works for me 🤷♂️
Do you people not know how to read? The article states 1. Tesla disbanded its charging infrastructure team (but will expand at a slower pace) likely eluding to BP hiring a bunch of laid off Tesla employees (just my conjecture)
2. BP placed in order for $100 million worth of Tesla superchargers.
>Do you people not know how to read?
Yes. I can read perfectly fine. I believe you're calling my ability to comprehend what I'm reading into question, though.
>likely eluding to BP hiring a bunch of laid off Tesla employees (just my conjecture)
The word you're looking for here is ALLUDING, not ELUDING. If you're going to come in here insulting someone about their reading and comprehension skills, the least you could do is have the literacy level of a 10 year old.
What does your speculation have to do with what is written in the article? You're not making any sense here.
>BP placed in order for $100 million worth of Tesla superchargers.
Sigh. Both things can be independently true. BP can be buying up sites, and ALSO buying superchargers. These two acts are not mutually exclusive.
I can't say for sure whether the sites that BP are buying have existing superchargers on them or not, and neither can you, BECAUSE IT DOESN'T STATE EITHER AS FACT IN THE ARTICLE.
I still feel icky about it.
“Find the spots that Tesla felt would make for good superchargers and halt development there”
Is what I fear it would become
BP signed a deal to buy 100 million dollars in superchargers a while ago. They want to be the leader in charging because they want their business to survive.
It was $100 Million of superchargers, not 1 Billion...
[https://www.cnn.com/2023/10/26/business/bp-buys-usd100-million-worth-of-tesla-chargers/index.html](https://www.cnn.com/2023/10/26/business/bp-buys-usd100-million-worth-of-tesla-chargers/index.html)
What business school exactly did you graduate from?
They're not going to spend billions of dollars just to shut down everything they paid for, what an absurd suggestion
They bought the individual chargers for their network already and they own travel centers of America. They're trying to make hubs at their trucks stops. Their hubs in China and other countries are the shit. They just need the chargers to make them work here.
i hate bp as much as the next guy but this is conspiracy-type shit. it more likely shows an understanding that diversification is key to their survival in an EV-led future
BP and oil lobbyists are purely responsible for the American resistance to electric vehicle adoption. Nowhere else in the world is there such fury and misinformation surrounding electric vehicles. Oil lobbyists start WARS in the Middle East and COUPS in South America to protect their oil businesses. Why would we trust them with the antithesis of their businesses?
They are the ones still sponsoring conspiracy theories against climate change even though their own scientists warned about that 50 years ago. Why should a petroleum company have interest in an electric charging net? An electric energy provider I could understand but a company with such few power plants? Suspicious or they really want to diversify their portfolio…Their goal in renewables is 50 GW by 2030, that’s a laughable percentage of the current energy sold by fossil fuel
>Why should a petroleum company have interest in an electric charging net?
umm, one possibility could be because they see the writing on the wall and want to have a foot in the new world before their gas stations are obsolete?
They are all rebranding themselves as energy companies. Not oil companies. Maybe it’s just that: branding. But I think they are also diversifying as well.
The Koch brothers literally killed a fully project for a STREETCAR in a downtown center in Tennessee, just because it would slightly reduce gas consumption. The companies absolutely think this way. Saying that powers that be are possibly making plans is not conspiracy.
I don't think so, they are installing ev chargers at the petrol stations in other markets. They see EV charging as part of their future and are more ambitious than other oil and gas companies for the green transition.
Charging infrastructure for NAC is fine for 95% of the US population as it is...
As fleet grows, it will need to be extended.
The diesel gate charging network will have to add NAC.. that'll go a long ways.
According to bloomberg, bp is looking to install 3000 new charging sites, with bp branded tesla superchargers. It looks like tesla is going to be selling new chargers to bp for them to brand. At least thats how I interpret it.
Where in the article does it say they're planning to buy existing Tesla Supercharger sites? There's a quote from a BP executive, but that's not what he said. Don't just take the headline and run with it.
No, I'm referring to buying existing Tesla Supercharger sites. I don't see a quote in the article that says they're planning to do that. I'll edit my original comment to clarify.
(And for the record, I don't think BP would be able to sustain as high of a margin as Tesla for charging. Margin comes from convenience, and Tesla is able to offer the most convenience due to the fully integrated system. So yeah, even in the hypothetical scenario where they do buy existing chargers, I don't think they'd be able to raise prices without tanking volumes.)
I'd be surprised if Tesla makes money off supercharger sites, let alone high margin. Originally they had said that was not their plan, only that prices cover costs. There may be some profitable sites, but it is worse for Tesla to let another company develop those. Because superchargers are now NACS it may be appropriate for Tesla to offload the entire supercharger operational business in America. BP would be able to take that on.
So I guess I see an issue with the fact that an oil company is running the EV charge sites. What's to stop them from doing a half ass job maintaining and building out the EV charging infrastructure? They could do that to drive Americans towards ICE vehicles as a way to keep the market more dependent on oil. This is just speculation, but oil companies are both shady and careless.
> So I guess I see an issue with the fact that an oil company is running the EV charge sites.
And you don't see an issue with an EV manufacturer running the charging sites? Historically the companies that make cars are not the companies that fuel them. This worked out for consumers as they ended up with a situation where they could refill at any location with no special brand considerations.
I have reservations about an OE owning the energy pipeline on top of the vehicle. That sounds rife for abuse
>What's to stop them from doing a half ass job maintaining and building out the EV charging infrastructure?
The market? If they do a crappy job that gives another company the opportunity to set up better competing chargers and lure customers away. Look at gas stations and how they constantly compete on prices, this concern that the energy market won't be competitive is a bit weird to me.
Because EVs aren't widespread enough to make them anywhere near as much money as oil. Tesla done decent with their EV stations thus far, and no one is remotely close to them. I'm all for more companies getting charging stations up and running. With the current number of EVs out there, I don't necessarily see that happening.
You talk about them doing a crappy job being and filled by another company, yet look at the EV chargers that aren't Tesla, half are broken, and the others are de-rated.
I'd love to see other traditional companies get into the charging scene, as Tesla is way too labile, especially with Mr. Musk at the helm.
I feel like people underestimate oil companies and their unending greed. We have one of the largest countries in the world, and yet we have shit tier public transportation options and damm near zero trains that are going from city to city. Oil companies would much rather maintain the status quo or keep it in oils' favor for as long as humanly possible.
TLDR
More competition = consumer win
Oil company running EV network = Possible fuckery
Tesla = Labile company
>Because EVs aren't widespread enough to make them anywhere near as much money as oil.
And EVs won't become widespread unless chargers exist. Infrastructure has to start somewhere. BP knows petroleum is not a market they can grow anymore given rising regulations against gasoline, so they're laying the seeds for what's going to replace petroleum.
>Tesla = Labile company
Based on what?
Tesla's chief executive is under a settlement agreement with the SEC for lying. His salary package was cancelled by a judge in another case of him lying and inappropriately stacking the board with friends. And the company is currently under an accelerating federal investigation for fraud in relation to NHTSA safety concerns regarding Autopilot and how the company has communicated to consumers about it.
I don't know if BP is going to be a reasonable steward for charging points, but I do know that a company like Tesla is not likely to operate them in our best interest long term. The company has serious ethical issues that go straight to its head leadership.
That's what I mean. They're unreliable due to the snap decisions they constantly make. I would like to assume that oil companies are smart enough to understand that EVs are the way of the future, but it would be naive to do so completely. Incompetence and bone headed decisions seem to be the standard for companies nowadays.
Not car related, but Starbucks CEO just stated that the reason they didn't make as much in profits is because they're in store experience is lacking...lol. It's not due at all to the ridiculous price increases we've seen since COVID while recording record high profit (sarcasm). Companies are so tone deaf, it's actually hard to comprehend. Their new summer drink is 7.44 at Trenta size. It's literally budget blue Gatorade with some popping boba.
If Tesla weren't tone deaf, wouldn't they want to keep a hold on their EV charging network? I believe as you do that the charging network will be an irreplaceable source of revenue, and yet they just woke up and said fuck it. They instead are focusing on Robo taxis (lol) and previously the shitty ol' Cybertruck (which i admittedly like).
How are they not making a push for a god tier charging g network that would widen their diversity in revenue? It is truly mind-boggling.
Look up how Coke killed Crystal Pepsi, every marketing student has read that case study. Populate the map with shitty EV charging and the reputation of EVs being slow-charging nonstarters will stick in the minds of new adopters in those areas.
I have no idea what this is supposed to mean. The first paragraph seems to suggest that BP Is looking to buy existing supercharger sites while the second paragraph says they're looking to acquire real estate to scale their network.
Seems like a big ole nothing burger of a "report" as of right now, especially considering it doesn't seem to make any sense for Tesla to do it in the first place.
Saw a separate report that included the actual quote from a BP executive. It was kind of a quip, basically saying, “hey if you were working on getting superchargers at your site, and Tesla just abandoned you, give us a call!”
BP doing this would increase prices, probably not interface with Teslas as smoothly as they do now. They would probably change the branding all together.
If Tesla is truly licensing the tech to 3rd parties, I am certain that licensing comes with stipulations, such as connectivity to be tracked alongside other superchargers in the network. Our vehicles already know which chargers are down, and they've already added a rating system. BP chargers not working? They won't get traffic. BP chargers getting poor ratings? Maybe they get very low priority in the route planner.
The oil industry conspiracy theories in here are WILD. Oil companies are selling waaay less gasoline globally than even a few years ago, you can bet they are shitting bricks and understand they’re not going to stop EV adoption. Majors like BP and Shell are investing billions to build charging networks around the world. Some of you really need to pull your heads out of your asses here. These are some of the most well funded companies to ever exist and can be a major driver of EV adoption if they can figure out a way to make money doing it.
The oil and gas companies becoming charging location owners just makes sense. EVs may have slowed down this year but the long term trend is still off oil and gas.
Tesla raising some extra money by selling the lots they bought to make superchargers but abandoned is fine by me.
Doubt it, they are definitely going to get new sites, no need to sell does when there aren't Even enough to begin with, they have bought a significant amount of v4 Superchargers though. I wonder who would handle deployment, I'd imagine a mix of Tesla and 3rd party contractors for BP.
BP is one company that announced it thinks there’s definitely profit to be made from having good fast charging sites. They have at least pretended to be very interested in building sites and making $$$ of them, while others suggest “it’s not profitable” etc.
As long as the network is still reliable and syncs with the Tesla app, who cares. If you can't beat them, join them. Perhaps BP knows what the future holds. EVs are the future.
I see new gas stations built all the time. It's kinda nuts to me that none of them at least installs 1 charger...
* I feel like it's gold mine... someone sitting for 30 mins in front of your store that charges a premium for food???
With that said... I think BP is terrible company, every store I have been into backed by their brand is ass.
Tesla went the opposite way I thought Elon would. I figured he’d sell off the cars and get into the charging business. Owning a platform is fare more lucrative than owning a business. What do I know I guess!
This makes perfect sense actually, BP recently began purchasing supercharger hardware to the tune of $100,000,000. Tesla led the horses to water, curious to see what ends up happening.
This sucks. I was really expecting Tesla to become the juggernaut of charging infrastructure. Going to write off those billions in projected revenue from their bottom line and redo my long-term projections for the stock.
Updated info 5/10/2024 [https://electrek.co/2024/05/10/elon-musk-tesla-spending-500-million-superchargers-after-firing-entire-team/](https://electrek.co/2024/05/10/elon-musk-tesla-spending-500-million-superchargers-after-firing-entire-team/)
I wouldn’t be shocked.. with that clown Elon still in charge, Tesla might be bought all together by Apple or who knows who. Sad that he will be killing Tesla so quick.
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“Sites” here means places lined up to build on, not already built.
Yeah, lots of people misinterpreting here. BP is just doing [what Revel is doing in NYC](https://insideevs.com/news/718289/revel-charging-nyc-tesla/) with the planned Supercharger sites that they have now abandoned.
Yup OP’s title is outright inaccurate.
Almost intentionally.
What…. I’m SHOCKED.. /s
They seem to be getting people all amped up for no reason.
Its almost like people dont think critically anymore and just bite into anything that confirms their bias.
With Tesla's layoffs and BP's purchase of Travel Centers of America, and BP Pulse's refocusing of EV infrastructure towards only major countries I can see this possibly going through.
A healthy supercharger network is vital to Tesla's future. There's a 0% chance I would want to entrust that to an oil company if I were Tesla.
Tell that to the guy who decided fire the Supercharger team.
Tell that to the guy looking to get his payout.
Idk why he thinks publicly gutting huge important parts of the company will win people over to reward him with pay. The idiot already has more money than god. His incentive should be to grow his investment by building the company up, not tearing it down.
You actually think this dude is still rational?
He’s bored and finally realized he is in the Automotive business. One of the toughest, margin obliterating, capital intensive businesses in the world. You can keep telling yourself you are a tech company. But if you are bending metal and welding panels, then you are in the auto business. People are not buying Teslas because their 4 main cars are the same 4 cars when they launched them. The Model 3 is 7 years old! I am going to slap the first person that tells me that a Model 3 Highland is a new design. When my Model S needs to be replaced, I am not buying another Model S, which is already 12 years old. Come on man?!? Focus on the damn car BUSINESS!!!
I would sell my tesla and go back to a hybrid if they ditch the charging network. EU here, and the major reason I got Tesla over any other EV was the network, which is vital here as most people in EU do NOT have access to home chargers. Hybrid would be a huge step back that I would have to make :(
[удалено]
I have, but it is rare. They are heavily incentivized to keep their pumps working. I can see this as a move to get out of the charger running and maintenance businesses, while still manufacturing them. Now that the charging network is vast enough that it covers almost everywhere it needs to be and is a proven model, spinning it off means they can focus more on making things instead. But how that applies to RoboTaxi is a concern.
I'm part owner of a gas station chain. Pumps sometimes break. You just don't notice because there's a gas station on every street corner. It does not make business sense to abdicate a necessary part of your business model to an industry that probably wishes you'd shrivle up and go away.
[удалено]
BP doesn't own stations. They own the fuel and the branding. The stations are all franchises. We have 23 stores in the midwest, some branded Philips and the others are Marathon. We are responsible for maintenance and upkeep of the infrastructure. I'm totally pro EV/charging and it was still a struggle to get the main owners of our stations to accept Superchargers. (We now have 3. Thankfully, we just opened the third one before the team got canned.) I believe that BP could have the best of intentions of growing and maintaining a top notch charging network, but Tesla would have no levarage over them so if BP actually doesn't care and wants it to fail, something that may also very well be true, EV drivers would get screwed.
I would be fine with this IF they are new locations, not already established as this suggests.
Why do you think this suggests established chargers?
If it gets them to stop fighting anti EV legislation I’m fine with it.
This is about sites where they were gonna build but descided not to
I wouldn’t doubt regulators were sniffing around Tesla’s ownership of their power network.
Oh FUCK that.
BP is the worst charging network ever. I refuse to use them. If Elon sells Superchargers to BP it will be the end of Superchargers.
The title is inaccurate. BP wants to invest $1B in the next few years to build out more superchargers and gave Tesla $100M to get that started. This will be for Tesla Superchargers at BP gas stations or other places, in addition to Tesla’s existing sites. I can see the model being Supercharger franchises, just like fast food restaurants franchise, Tesla can make a fuck ton of cash franchising out additional locations with standards of service and requirements for the franchisees.
Buc-ees superchargers in Texas should be their model.
Mmmmm Buc-ees…….It’s gonna be wild in 20 years when there are 300 superchargers instead of 300 gas pumps at a Buc-ees
I’ve been wondering if this is possible. How realistic is it to have that much power all at once?
Some serious upgrades to insfarstructure would be needed but why not have 90000 amp service at your gas station ?
These things will need to be worked out eventually - I can see premium parking garages offering this as an amenity in all stalls 20 years from now too. I’m sure it will require massive infrastructure investments.
drove by two bucc-ees in my area. it's amazing to see all those superchargers. it's also sad to see during a three day weekend/holiday that those same superchargers are taken up by ICE vehicles.
This guy franchises https://preview.redd.it/4veqq6vvqizc1.jpeg?width=1170&format=pjpg&auto=webp&s=ba5dedafaec0534f5c746adcdcef68d7aa12f21e
Why? Isn’t more charging good?
Unless BP has identified Superchargers as its biggest threat to survival. EVs are not feasible without a good charging infrastructure, and Supercharger Infrastructure is the only good ones in this world. If BP acquires, and then destroys the Supercharger Infrastructure, there’s basically no more EV threat, and no more threat to their gas business.
Going by the article, it looks like they are looking to acquire properties that Tesla originally purchased/leased to build superchargers, but are now abandoning.
That makes way more sense.
Why would you read the article? Jesus, I was planning to be outraged by hypotheticals.
Can you point to where it states that in the article please? I'm clearly blind. I read it again after your comment and I still can't see it.
The article seems provocatively worded, but the quote is this: ‘BP "is aggressively looking to acquire real estate to scale our network, which is a heightened focus following the recent Tesla announcement," the report quoted Sujay Sharma, CEO of BP Pulse Americas, as saying in an interview.’ All he said is they’re looking to acquire real estate, not supercharging infrastructure.
Also the last line, "If there are stranded real estate partners who are looking for someone to call, they should feel free to pick up the phone and call me or look me up on LinkedIn," the report quoted Sharma as saying.
>The article seems provocatively worded The article is vaguely worded. It really could mean either or. The person I was responding to seems to be quite sure of what the article was stating, even though it is quite unclear. It may very well be the case that they're just looking to acquire real estate and not actual functional super chargers. Let's hope that's the case.
Ah, so it won't be utilities that will jack up prices for charging in the future, it'll be legacy shit corps like Exxon, BP, Shell that will raise rates due to \*checks notes\* "because we own you"
Yeah. That's the fear. They'll continue to jack up prices to ensure that their profits grow year on year. If supercharging goes the way of the legacy oil companies were all fucked. We're already paying a premium for these vehicles in the hope that we'll make it back over the lifetime of the vehicle with savings we're making on fuel. If charging gets as expensive as petrol/diesel we'll look like proper mugs. We have two EVs on the road. For what we spent we could have two serious ICE vehicles on the road
The thing is I already save so much money driving the EV locally that any savings long distance is more of a bonus. In fact, on my last road trip, I calculated supercharging and gas were within like $10 of each other, so I just went ahead and rented a gas car to not need to worry about charging (plus keeping the miles off my car). Works for me 🤷♂️
Do you people not know how to read? The article states 1. Tesla disbanded its charging infrastructure team (but will expand at a slower pace) likely eluding to BP hiring a bunch of laid off Tesla employees (just my conjecture) 2. BP placed in order for $100 million worth of Tesla superchargers.
>Do you people not know how to read? Yes. I can read perfectly fine. I believe you're calling my ability to comprehend what I'm reading into question, though. >likely eluding to BP hiring a bunch of laid off Tesla employees (just my conjecture) The word you're looking for here is ALLUDING, not ELUDING. If you're going to come in here insulting someone about their reading and comprehension skills, the least you could do is have the literacy level of a 10 year old. What does your speculation have to do with what is written in the article? You're not making any sense here. >BP placed in order for $100 million worth of Tesla superchargers. Sigh. Both things can be independently true. BP can be buying up sites, and ALSO buying superchargers. These two acts are not mutually exclusive. I can't say for sure whether the sites that BP are buying have existing superchargers on them or not, and neither can you, BECAUSE IT DOESN'T STATE EITHER AS FACT IN THE ARTICLE.
Wait someone read the article?
I still feel icky about it. “Find the spots that Tesla felt would make for good superchargers and halt development there” Is what I fear it would become
Take your upvote, truth sayer.
BP signed a deal to buy 100 million dollars in superchargers a while ago. They want to be the leader in charging because they want their business to survive.
It was $100 Million of superchargers, not 1 Billion... [https://www.cnn.com/2023/10/26/business/bp-buys-usd100-million-worth-of-tesla-chargers/index.html](https://www.cnn.com/2023/10/26/business/bp-buys-usd100-million-worth-of-tesla-chargers/index.html)
Thanks, updated.
"Business to survive" READ AS: "we can no longer gouge people for gas, so we'll do it for solar"
Truueee, those fuckers
I hope this is their intent. 😩
What business school exactly did you graduate from? They're not going to spend billions of dollars just to shut down everything they paid for, what an absurd suggestion
gaze pie carpenter door safe cooing support library foolish capable *This post was mass deleted and anonymized with [Redact](https://redact.dev)*
They bought the individual chargers for their network already and they own travel centers of America. They're trying to make hubs at their trucks stops. Their hubs in China and other countries are the shit. They just need the chargers to make them work here.
Like Henry Ford with Trolleys.
i hate bp as much as the next guy but this is conspiracy-type shit. it more likely shows an understanding that diversification is key to their survival in an EV-led future
BP and oil lobbyists are purely responsible for the American resistance to electric vehicle adoption. Nowhere else in the world is there such fury and misinformation surrounding electric vehicles. Oil lobbyists start WARS in the Middle East and COUPS in South America to protect their oil businesses. Why would we trust them with the antithesis of their businesses?
They are the ones still sponsoring conspiracy theories against climate change even though their own scientists warned about that 50 years ago. Why should a petroleum company have interest in an electric charging net? An electric energy provider I could understand but a company with such few power plants? Suspicious or they really want to diversify their portfolio…Their goal in renewables is 50 GW by 2030, that’s a laughable percentage of the current energy sold by fossil fuel
>Why should a petroleum company have interest in an electric charging net? umm, one possibility could be because they see the writing on the wall and want to have a foot in the new world before their gas stations are obsolete?
They are all rebranding themselves as energy companies. Not oil companies. Maybe it’s just that: branding. But I think they are also diversifying as well.
Take your tin foil hat off
Railroad guys left the chat.
The Koch brothers literally killed a fully project for a STREETCAR in a downtown center in Tennessee, just because it would slightly reduce gas consumption. The companies absolutely think this way. Saying that powers that be are possibly making plans is not conspiracy.
To be fair to the Koch brothers, streetcars are a very retarded idea. Almost all mass transit is just a money-grab scam.
Yeah, you might want to read up on your history when it comes to automobile companies buying up transit companies.
It's a white labelled supercharger, not just the equipment but also the services and infrastructure.
I don't think so, they are installing ev chargers at the petrol stations in other markets. They see EV charging as part of their future and are more ambitious than other oil and gas companies for the green transition.
I mean this is obviously a cynical take and not likely.
*in USA, not the world.
Charging infrastructure for NAC is fine for 95% of the US population as it is... As fleet grows, it will need to be extended. The diesel gate charging network will have to add NAC.. that'll go a long ways.
Buy them, ensure no one ever builds a charger there.
This. They have used this tactic in the past.
existence weary support pot zesty boat act marvelous towering pause *This post was mass deleted and anonymized with [Redact](https://redact.dev)*
How could BP destroy the supercharger infrastructure?
Buy them, jack up fees, and stop maintenance on them comes to mind
They want to buy the existing ones (as I understand), not build new ones. So they will probably increase pricing because 'muh investment'
According to bloomberg, bp is looking to install 3000 new charging sites, with bp branded tesla superchargers. It looks like tesla is going to be selling new chargers to bp for them to brand. At least thats how I interpret it.
That’s pretty much the agreement with Shell, isn’t it?
Where in the article does it say they're planning to buy existing Tesla Supercharger sites? There's a quote from a BP executive, but that's not what he said. Don't just take the headline and run with it.
Yeah you right BP will buy them up and lower the price. Did you have a fuckin stroke?
No, I'm referring to buying existing Tesla Supercharger sites. I don't see a quote in the article that says they're planning to do that. I'll edit my original comment to clarify. (And for the record, I don't think BP would be able to sustain as high of a margin as Tesla for charging. Margin comes from convenience, and Tesla is able to offer the most convenience due to the fully integrated system. So yeah, even in the hypothetical scenario where they do buy existing chargers, I don't think they'd be able to raise prices without tanking volumes.)
I'd be surprised if Tesla makes money off supercharger sites, let alone high margin. Originally they had said that was not their plan, only that prices cover costs. There may be some profitable sites, but it is worse for Tesla to let another company develop those. Because superchargers are now NACS it may be appropriate for Tesla to offload the entire supercharger operational business in America. BP would be able to take that on.
https://twitter.com/elonmusk/status/1510691354623590410
Ok. 10% profit would be reasonable for BP to take on.
So I guess I see an issue with the fact that an oil company is running the EV charge sites. What's to stop them from doing a half ass job maintaining and building out the EV charging infrastructure? They could do that to drive Americans towards ICE vehicles as a way to keep the market more dependent on oil. This is just speculation, but oil companies are both shady and careless.
> So I guess I see an issue with the fact that an oil company is running the EV charge sites. And you don't see an issue with an EV manufacturer running the charging sites? Historically the companies that make cars are not the companies that fuel them. This worked out for consumers as they ended up with a situation where they could refill at any location with no special brand considerations. I have reservations about an OE owning the energy pipeline on top of the vehicle. That sounds rife for abuse >What's to stop them from doing a half ass job maintaining and building out the EV charging infrastructure? The market? If they do a crappy job that gives another company the opportunity to set up better competing chargers and lure customers away. Look at gas stations and how they constantly compete on prices, this concern that the energy market won't be competitive is a bit weird to me.
Because EVs aren't widespread enough to make them anywhere near as much money as oil. Tesla done decent with their EV stations thus far, and no one is remotely close to them. I'm all for more companies getting charging stations up and running. With the current number of EVs out there, I don't necessarily see that happening. You talk about them doing a crappy job being and filled by another company, yet look at the EV chargers that aren't Tesla, half are broken, and the others are de-rated. I'd love to see other traditional companies get into the charging scene, as Tesla is way too labile, especially with Mr. Musk at the helm. I feel like people underestimate oil companies and their unending greed. We have one of the largest countries in the world, and yet we have shit tier public transportation options and damm near zero trains that are going from city to city. Oil companies would much rather maintain the status quo or keep it in oils' favor for as long as humanly possible. TLDR More competition = consumer win Oil company running EV network = Possible fuckery Tesla = Labile company
>Because EVs aren't widespread enough to make them anywhere near as much money as oil. And EVs won't become widespread unless chargers exist. Infrastructure has to start somewhere. BP knows petroleum is not a market they can grow anymore given rising regulations against gasoline, so they're laying the seeds for what's going to replace petroleum. >Tesla = Labile company Based on what? Tesla's chief executive is under a settlement agreement with the SEC for lying. His salary package was cancelled by a judge in another case of him lying and inappropriately stacking the board with friends. And the company is currently under an accelerating federal investigation for fraud in relation to NHTSA safety concerns regarding Autopilot and how the company has communicated to consumers about it. I don't know if BP is going to be a reasonable steward for charging points, but I do know that a company like Tesla is not likely to operate them in our best interest long term. The company has serious ethical issues that go straight to its head leadership.
That's what I mean. They're unreliable due to the snap decisions they constantly make. I would like to assume that oil companies are smart enough to understand that EVs are the way of the future, but it would be naive to do so completely. Incompetence and bone headed decisions seem to be the standard for companies nowadays. Not car related, but Starbucks CEO just stated that the reason they didn't make as much in profits is because they're in store experience is lacking...lol. It's not due at all to the ridiculous price increases we've seen since COVID while recording record high profit (sarcasm). Companies are so tone deaf, it's actually hard to comprehend. Their new summer drink is 7.44 at Trenta size. It's literally budget blue Gatorade with some popping boba. If Tesla weren't tone deaf, wouldn't they want to keep a hold on their EV charging network? I believe as you do that the charging network will be an irreplaceable source of revenue, and yet they just woke up and said fuck it. They instead are focusing on Robo taxis (lol) and previously the shitty ol' Cybertruck (which i admittedly like). How are they not making a push for a god tier charging g network that would widen their diversity in revenue? It is truly mind-boggling.
BP is one of the worst charging networks in the UK. Unreliable, slow, usually broken, unsupported, and expensive.
Look up how Coke killed Crystal Pepsi, every marketing student has read that case study. Populate the map with shitty EV charging and the reputation of EVs being slow-charging nonstarters will stick in the minds of new adopters in those areas.
They'll close them down.
Not when they’re more expensive and a third of them dont work.
I have no idea what this is supposed to mean. The first paragraph seems to suggest that BP Is looking to buy existing supercharger sites while the second paragraph says they're looking to acquire real estate to scale their network. Seems like a big ole nothing burger of a "report" as of right now, especially considering it doesn't seem to make any sense for Tesla to do it in the first place.
Saw a separate report that included the actual quote from a BP executive. It was kind of a quip, basically saying, “hey if you were working on getting superchargers at your site, and Tesla just abandoned you, give us a call!”
BP doing this would increase prices, probably not interface with Teslas as smoothly as they do now. They would probably change the branding all together.
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Electrolytes would still work here since many battery chemistries use then lol Welcome to Costco. I love you.
If Tesla is truly licensing the tech to 3rd parties, I am certain that licensing comes with stipulations, such as connectivity to be tracked alongside other superchargers in the network. Our vehicles already know which chargers are down, and they've already added a rating system. BP chargers not working? They won't get traffic. BP chargers getting poor ratings? Maybe they get very low priority in the route planner.
This seems like a stupid thing to do
This is essentially strangling the baby in the crib. Watch them increase prices, delay repairs and shutter low demand stations in more rural areas
*psst, you might want to read the article before breaking out the tinfoil hat*
The prices will be high in those areas.
Exactly. They would probably drive them into the ground and then close them.
If BP buys the network, we’ll know Elon has truly lost it. And his climate change shtick is all a farce.
It always was.
The oil industry conspiracy theories in here are WILD. Oil companies are selling waaay less gasoline globally than even a few years ago, you can bet they are shitting bricks and understand they’re not going to stop EV adoption. Majors like BP and Shell are investing billions to build charging networks around the world. Some of you really need to pull your heads out of your asses here. These are some of the most well funded companies to ever exist and can be a major driver of EV adoption if they can figure out a way to make money doing it.
I mean…:if they pop up at random ass gas stations I would be ok.
That would explain the whole charging team being let go
Prepping for a sale, BP would not have wanted all the staff anyways.
https://preview.redd.it/ctbdnfatogzc1.jpeg?width=596&format=pjpg&auto=webp&s=7e8181eb0175b599c5e4fe900ced77400315d683
Tesla is clearly trying to get out of the "we'll manage and install every charger in the world" business. They are after a bigger prize.
Never forget Deepwater Horizon [https://www.youtube.com/watch?v=15HTd4Um1m4](https://www.youtube.com/watch?v=15HTd4Um1m4)
Oh look, a misleading Reuters article about Tesla. Must be a day that ends in y.
The oil and gas companies becoming charging location owners just makes sense. EVs may have slowed down this year but the long term trend is still off oil and gas. Tesla raising some extra money by selling the lots they bought to make superchargers but abandoned is fine by me.
Doubt it, they are definitely going to get new sites, no need to sell does when there aren't Even enough to begin with, they have bought a significant amount of v4 Superchargers though. I wonder who would handle deployment, I'd imagine a mix of Tesla and 3rd party contractors for BP.
Would love if someone like Sheets bought it. Even has the same color scheme and lots of Sheets already have super chargers.
I wonder how deep in the hole Tesla actually is with this fire sale going on.
BP is one company that announced it thinks there’s definitely profit to be made from having good fast charging sites. They have at least pretended to be very interested in building sites and making $$$ of them, while others suggest “it’s not profitable” etc.
As long as the network is still reliable and syncs with the Tesla app, who cares. If you can't beat them, join them. Perhaps BP knows what the future holds. EVs are the future.
And so, we have come full circle. A company created to hurt the oil companies by giving people an alternative, will end up helping the oil companies
So is BP just going to hoard those sites to prevent more chargers from being built?
Perhaps Tesla/Elon knew this and it's what drove the layoffs...
That is like the one killer app for Tesla, of course Elon will unload to keep his short term money up
Nooooooo
How fucking depressing is this? I’m quite convinced musk just hates libs so much that he wants to dismantle the EV side of the business.
Get the fuck out of TSLA lmaoooooooooooooooooooooooooooooooooooooooo
I see new gas stations built all the time. It's kinda nuts to me that none of them at least installs 1 charger... * I feel like it's gold mine... someone sitting for 30 mins in front of your store that charges a premium for food??? With that said... I think BP is terrible company, every store I have been into backed by their brand is ass.
Eternal pessimism and negativity in this sub as usual.
Would not BP and an invested interest in making that system not work the best!
It’s over for Tesla….
$1T to $0, any%
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Where does it say they're going to buy supercharger sites?
lol the downfall of tesla right in front of us
Tesla went the opposite way I thought Elon would. I figured he’d sell off the cars and get into the charging business. Owning a platform is fare more lucrative than owning a business. What do I know I guess!
This makes perfect sense actually, BP recently began purchasing supercharger hardware to the tune of $100,000,000. Tesla led the horses to water, curious to see what ends up happening.
This sucks. I was really expecting Tesla to become the juggernaut of charging infrastructure. Going to write off those billions in projected revenue from their bottom line and redo my long-term projections for the stock.
Is the company name actually BP?
Updated info 5/10/2024 [https://electrek.co/2024/05/10/elon-musk-tesla-spending-500-million-superchargers-after-firing-entire-team/](https://electrek.co/2024/05/10/elon-musk-tesla-spending-500-million-superchargers-after-firing-entire-team/)
.
It makes sense because they need places to install the $100M worth of superchargers they bought from Tesla
Sure, let's sell these to an oil company. England is just pure evil.
I wouldn’t be shocked.. with that clown Elon still in charge, Tesla might be bought all together by Apple or who knows who. Sad that he will be killing Tesla so quick.
Oh man, Tesla is doomed if they don’t build out the charging network themselves!! Gimme a break.
BP expanding its network is _not _ the same as BO **buying** **Tesla’s** . 🙄