Tesla expands Supercharger network globally, gaining traction in EV market with NACS standard

From Nasdaq: 2025-04-07 12:00:00

Tesla has expanded its Supercharger network by over 10,000 stalls in three new countries, totaling more than 65,000 stalls globally. The network delivered over 5.2 terawatt-hours of energy, offsetting 5.5 billion kilograms of CO2 and replacing 2.4 billion liters of gasoline. Tesla’s North American Charging Standard (NACS) is also gaining traction, promising a streamlined charging experience for EV drivers.

Chinese automaker BYD Co Ltd claims its new “Super e-Platform” batteries can achieve 400 kilometers of range with just five minutes of charging, revolutionizing the EV landscape. Volkswagen Group is rapidly expanding its charging infrastructure through subsidiaries like Electrify America and partnerships such as Ionity, solidifying its presence in the space.

Tesla’s stock has declined by 41% year to date, trading at a forward price-to-sales ratio of 7 with a Value Score of F. The Zacks Consensus Estimate for Tesla’s earnings has decreased over the past 30 days, with the stock currently holding a Zacks Rank #3 (Hold).

Zacks Investment Research has identified a financial firm as the stock most likely to double in the coming months. With a fast-growing customer base and cutting-edge solutions, this stock is poised for significant gains. Zacks’ top picks have a history of success, and this stock could surpass previous performers like Nano-X Imaging.



Read more at Nasdaq: Tesla’s Supercharger Business to Power Up its Long-Term Story