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Teslas Historic $100M Supercharger Deal with BP · Elon Musk Podcast

• 0:01
  Hello and welcome to another episode of the Elon Musk
• 0:04
  Podcast. This is your go to source for
• 0:06
  everything Elon Musk and his array of disruptive
• 0:10
  technologies. Now, today we're going to be
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  talking about a huge shift in the automotive and energy
• 0:17
  sectors. Tesla's $100 million deal to
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  sell Supercharger hardware to BP.
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  Yeah, you heard that right. The electric vehicle giant is
• 0:28
  partnering with one of the world's largest oil companies
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  and the purpose to expand electric vehicle charging
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  infrastructure across the United States.
• 0:37
  So this agreement sees Tesla's Supercharger units getting
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  installed at various BP locations.
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  We're talking about BP, Amoco, Thornton's Travel Centers of
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  America, and BP Pulses Giga Hub sites.
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  This deal sets a new precedent and potentially opens the doors
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  for other major players in the energy sector to join the EV
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  revolution. Let's start by acknowledging
• 1:00
  that Tesla has long held the crown for fast charging networks
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  in North America, and until now, Tesla has exclusively built,
• 1:07
  deployed, and operated its own Superchargers.
• 1:09
  The company's connector design has become so advanced that even
• 1:13
  competitors are adopting it and Tesla's charging network isn't a
• 1:17
  small fee and automakers want a piece of their pie.
• 1:20
  Now, in a ground breaking move, Tesla is selling its
• 1:23
  Supercharger hardware to BP. This marks a historic first BP
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  will deploy Tesla built BP branded charging stations at its
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  own sites. It's an acknowledgement that
• 1:34
  Tesla's tech is key to advancing the entire EV market and it also
• 1:39
  offers Tesla a brand new revenue stream.
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  And the specifics are very tantalizing.
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  BP will be getting Tesla's latest Supercharger hardware,
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  complete with Magic Dock, which accommodates CCS vehicles in
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  addition to Tesla's own. And locations for these new
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  Superchargers have already been chosen, including key cities
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  like Houston, Phoenix, Los Angeles, Chicago, and Washington
• 2:02
  DC, and the rollout will commence in 2024.
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  Now Tesla's Rebecca Tanucci, the head of charging infrastructure,
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  stated at Tesla were driven to enable great charging
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  experiences for all EV owners. BP is also throwing its weight
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  behind the venture. Richard Bartlett, the global CEO
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  of BP Pulse spoke about enhancing B PS Pulse network
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  with Tesla's high grade hardware is a major leap forward for the
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  company and we've talked about how innovative this deal is, but
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  let's discuss the monetary side of things.
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  This $100 million agreement is a fraction of BP Pulse's larger
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  strategy to invest up to a billion dollars in US charging
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  stations by 20-30 a billion dollars.
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  And while the exact number of stations involved in the Tesla
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  BP deal remains undisclosed, the scale is undoubtedly massive.
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  Both companies stand to benefit significantly.
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  For Tesla, this deal offers a lucrative new revenue stream.
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  For BP, It's just strategic move that aligns the company with the
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  undeniable future of transport electric vehicles.
• 3:08
  And as Tesla navigates new business ventures, the company
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  is also sailing through a little bit of choppy political waters.
• 3:15
  The adoption of electric vehicles in the United States
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  has become a topic of heated debate increasingly aligned with
• 3:21
  partisan ideologies. A Bloomberg News report
• 3:24
  highlighted that electric vehicle ownership is closely
• 3:27
  linked to voting patterns in the USA polarization that transcends
• 3:31
  demographic and socio economic indicators.
• 3:34
  This political split has intensified over the past
• 3:36
  months, with some GOP members advocating for the rollback of
• 3:40
  EV incentives that were enacted during the Biden administration.
• 3:45
  And Donald Trump, a figure not unknown for stirring the pot,
• 3:47
  has been vocal in his criticism of the electric vehicle push.
• 3:51
  He's argued that the growth of the EV sector could endanger the
• 3:54
  US auto industry, claiming that electric vehicles would
• 3:58
  inevitably be produced in China, thus risking American jobs.
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  In this viewpoint doesn't consider the contributions made
• 4:06
  by companies like Tesla and keeping the automotive
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  production very much an American endeavor.
• 4:11
  Tesla's complete range of vehicles, Model Y, Model 3,
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  Model X, Model S was recognized as the most American made cars
• 4:18
  in a 2023 list. Debunking the notion that EVs
• 4:22
  threaten the American auto sector and further complicating
• 4:26
  the political scenario is Elon Musk, who has built a unique
• 4:29
  narrative around Tesla and EVs. The move of Tesla from
• 4:32
  California to Texas and Musk's engagement with conservative
• 4:36
  politics indicate an attempt to make Tesla and its product
• 4:40
  lineup more palatable to a wider ideological spectrum.
• 4:44
  And report suggests that Musk aims to bridge the gap further
• 4:47
  with the launch of Tesla Cybertruck, a vehicle that by
• 4:49
  its very design and utility, could appeal to some of the
• 4:53
  traditional truck loving American consumers.
• 4:56
  And Tesla's focus is not just on market expansion.
• 4:59
  The company aims for a sweeping production rate of around
• 5:01
  250,000 cyber trucks per year by 2025.
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  This number dwarfs the current sales figures for all electric
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  pickup trucks in the market, while Tesla holds a dominant
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  share, making up approximately 60% of all EV sold in the US,
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  and the company shows no signs of complainancy.
• 5:21
  And whether Musk's endeavors to broaden Tesla's appeal across
• 5:24
  the political divide will bear fruit remains an open question.
• 5:28
  It was clear that the company is actively engaging in shaping not
• 5:31
  just the future of transportation, but also the
• 5:34
  discourse surrounding those vehicles.
• 5:37
  Now, Tesla is a complex machine. The cyber truck's launch, and
• 5:41
  it's moved to Texas, could be Elon Musk's attempt to make EVs
• 5:45
  appealing to everybody. And while these challenges and
• 5:50
  this BP Tesla deal serves as a unique neutralizer, it
• 5:53
  symbolizes that a union of two disparate industries for a
• 5:57
  common goal. Sustainable energy for
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  transportation, electric cars, and sustainability shouldn't be
• 6:03
  a partisan issue. But in America, that's easier
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  said than done. And we all know this Tesla holds
• 6:08
  a whopping 60% of electric vehicles ever sold in the US.
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  However, with deals like this, Tesla might just be successful
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  in making EVs the choice for everyone.
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  So thank you so much for listening to the show today.
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  Got a little bit political, but not too much.
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  So hope it didn't turn you guys off for that.
• 6:25
  But we, we brought it back. I think we brought it back there
• 6:28
  at the end. So thanks for sticking with me.
• 6:30
  And please, if you like this episode, don't forget to hit the
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  subscribe or the follow button on your preferred podcast
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  platform. It's free.
• 6:38
  It takes just a second and helps us out tremendously.
• 6:41
  And every episode is about 10 minutes or less, perfect for
• 6:44
  quickly catching up on the latest updates about all of Elon
• 6:47
  Musk's companies. So thank you again.
• 6:50
  I appreciate you and I appreciate your time.
• 6:52
  So please, take care of yourselves and each other and
• 6:55
  I'll see you in the next one.