Mercedes-Benz is the latest and first German automaker to be added to Tesla's supercharger network, following Ford, GM, Volvo, and Rivian. Yahoo Finance Automotive Reporter Pras Subramanian breaks down the new deal, as well as Tesla's referral program.
Video Transcript
AKIKO FUJITA: Well, Tesla, inching closer to having an industry-wide universal plug after Mercedes announces it will be the first German carmaker to implement Tesla's charging plug. Here with the details, we've got Yahoo Finance's Pras Subramanian.
Pras, it was only a few weeks ago where we were saying that Tesla is setting the North American Standard. Now, you've got at least one German carmaker on-board. This is a global conversation.
PRAS SUBRAMANIAN: Yeah, add another partner or scalp to Tesla's list of new people, new companies joining their supercharger network. Now, with Mercedes. In 2024, Mercedes will have access to 12,000 supercharger stalls in the US and North America. And in 2025, Mercedes will add the Tesla NACS plug-- I'm sorry, port to its own cars. Meaning, they'll have native access to the supercharger network.
So this is sort of similar to the deals that they're making with GM and Ford and even Volvo. The one little wrinkle here is that Mercedes, they had already previously announced a bespoke charging network, the Mercedes network. They're now going to add the Tesla NACS plug to that network. So that's kind of a big deal, too. They're really going all in on that standard.
So another big kind of partner here for Tesla, like I said, Germany's first original equipment manufacturer to do this. And we might hear from Hyundai and also Volkswagen. They're also rumored to be speaking to Tesla, too.
AKIKO FUJITA: Meantime, Pras, Tesla has been very aggressive in getting additional customers on-board. They're out with even more incentives. What's the very latest there?
PRAS SUBRAMANIAN: Yeah, so Tesla restarted their referral partner program about a month or two ago. They had had it for many years before. Basically, what happens is if you use a referral link from a prior owner, you will get some incentives here. In this case, new owners will get-- or new buyers will get $500 off their purchase price and three months of FSD self-driving capabilities there.
And also, the person who is the referrer will get 10,000 referral credits, which can be used for supercharging points, Tesla merch, things like that. So now referral links are everywhere. You don't need to actually know a prior owner to get a link. You can get one online anywhere. So not a big deal.
But the big deal here-- I mean, the bottom line here is that this isn't a big sort of mover like a massive price cut is for a Tesla vehicle. But it just kind of goes to show you that incentives matter. People like these things and Tesla really wants to keep growing those delivery numbers into Q3.
AKIKO FUJITA: OK, Pras Subramanian with the latest update on that. Thanks so much.
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July 08, 2023 at 03:06AM
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Tesla strikes deal to add Mercedes to its supercharger network - Yahoo Finance
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