This year, Tesla has won a strategic battle in the expansion of charging stations, as Ford, General Motors and four other electric vehicle manufacturers have chosen to join Tesla’s network in the US.

This will initially boost revenue, while the impact on earnings will be more incremental, according to Ben Kallo, analyst at financing company Baird.

Kallo expects that the collaboration with the other car manufacturers will contribute revenues of up to USD 15.7bn in 2030, while earnings per share will be lifted by 45 cents by then.

In comparison, Tesla’s 2022 revenue totaled USD 81.5bn, while earnings per share were USD 4.07.

Right now, the Baird analyst estimates that Tesla’s charging stations in the US are only 8.75% utilized, and if that rate doesn’t develop, non-Teslas will only contribute USD 5.2bn to sales in 2030 and 15 cents per share to profits. However, Kallo expects that the many agreements with other car brands will increase the utilization rate to 26.25% in 2030.

In addition to Ford and GM, Volvo, Polestar, Mercedes-Benz and Rivian have chosen to subscribe to Tesla’s technical platform.

Tesla’s share price fell 0.5% on Tuesday.