tl;dr
BP's electric vehicle charging business is keen on acquiring Tesla's Supercharger sites in the U.S. along with the workers and plans to invest $1 billion to expand its network, according to bp pulse Americas boss Sujay Sharma in a Bloomberg interview. Sharma stated that BP is aggressively seeking to...
BP's electric vehicle charging business is keen on acquiring Tesla's Supercharger sites in the U.S. along with the workers and plans to invest $1 billion to expand its network, according to bp pulse Americas boss Sujay Sharma in a Bloomberg interview. Sharma stated that BP is aggressively seeking to acquire real estate to expand its network, with a heightened focus following Tesla's recent announcement. The company plans to spend $1 billion by 2030, with half of it expected to be spent within the next two to three years to install over 3,000 charging points across the U.S. Tesla recently laid off most of its Supercharger team to grow its EV charging network at a slower pace. Sharma mentioned that BP is actively pursuing good talent and real estate opportunities to facilitate growth, despite the circumstances. Last year, the company agreed to procure approximately $100 million worth of Tesla Supercharger hardware, with deployment set to commence later this year and in early 2025, as per Sharma's statement to Bloomberg.
More about BP PLC ADR
BP PLC ADR Summary BP PLC ADR Summary
BP plc participates in the energy business globally. The company is headquartered in London, the United Kingdom.
Industry: ENERGY & TRANSPORTATION
Sector: PETROLEUM REFINING
Market Cap: 106.17 Billion
P/E Ratio: 7.29
EPS: 0.284
Dividend Yield: 5.15%
Beta: 18.0
ROE: 0.0731
Volume: 208.35 Billion
Stock Price: $43.49
Change: -0.963 (-0.248%)
More about Tesla Inc
TESLA Inc.
Industry: Manufacturing - Motor Vehicles & Passenger Car Bodies
Market Cap: $557.22 billion
Current Stock Price: $44.69
Dividend Yield: None
P/E Ratio: 3.91
EPS: 29.8
Beta: 0.144
Revenue: $94.75 billion
Net Income: $179.9 million
Operating Margin: -0.534
Profit Margin: -0.087
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