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July 21, 2021, 8:42 a.m. EDT

Tesla To Make Charging Stations Available To Other Electric Vehicles

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Jul 21, 2021 (Baystreet.ca via COMTEX) -- Tesla /zigman2/quotes/203558040/composite TSLA +2.75% says it will make its network of DC fast-charging stations for its electric vehicles, known as the "Tesla Supercharger Network," available to other types of electric vehicles by the end of this year.

Tesla Chief Executive Officer Elon Musk wrote on Twitter that "We're making our Supercharger network open to other EVs later this year."

Musk did not say where exactly Tesla would make its DC fast-charging stations available for use with other electric vehicles, or which makes and models would be compatible with Tesla's on-the-road charging stations.

He did say that Tesla intends to make its charging network open to other electric vehicles in all countries, eventually.

Tesla markets its vehicles as having a tremendous advantage compared to other brands of battery-powered electric vehicles due to the company's exclusive charging station network.

The Tesla charging network is available to drivers of Tesla cars without any kind of membership fees required. Tesla bills drivers for charging by the minute or per kilowatt hour.

While Tesla vehicles can power up at most any electric vehicle charging station using adaptor cables, Tesla owners have the company's level three and newer Supercharger stations to themselves currently.

Previous media reports said Tesla has been in talks to establish fast-charging stations open to electric vehicles from other companies in Germany, Sweden and Norway. According to Tesla's website, the company now operates more than 25,000 charging stations around the world.

COMTEX_390179276/2559/2021-07-21T08:42:27

Is there a problem with this press release? Contact the source provider Comtex at editorial@comtex.com. You can also contact MarketWatch Customer Service via our Customer Center.

/zigman2/quotes/203558040/composite
US : U.S.: Nasdaq
$ 774.39
+20.75 +2.75%
Volume: 21.37M
Sept. 24, 2021 4:00p
P/E Ratio
403.52
Dividend Yield
N/A
Market Cap
$766.66 billion
Rev. per Employee
$445,694
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