Chargepoint vs tesla wall connector1/16/2024 Its revenue rose 48% year over year in the first half of fiscal 2024, but it expects its revenue to decline in the second half as demand for new charging stations dries up. That actually exceeded its pre-merger target for generating $346 million in revenue in fiscal 2023. Its revenue grew 65% in fiscal 2022 (which ended in January 2022) and jumped 94% to $468 million in fiscal 2023. ChargePoint needs to stabilize its businessĬhargePoint is already the largest builder of EV charging stations in North America and Europe. So for now, QuantumScape remains a highly speculative play that could soar higher once it commercializes its products. Its low debt-to-equity ratio of 0.1 should also give it plenty of room to raise more cash. It also expects to turn profitable on adjusted earnings before interest, taxes, depreciation, and amortization ( EBITDA) in 2027.Īnalysts expect QuantumScape to rack up operating losses of more than $400 million per year thorough 2025, but it still ended its latest quarter with $1.13 billion in cash, cash equivalents, and marketable securities on its balance sheet. According to its pre-merger presentation, it could potentially increase its revenue at a compound annual rate of 363% from $14 million in 2024 to $6.44 billion in 2028. QuantumScape only has a market capitalization of $3.4 billion today, but it still doesn't expect to generate any revenue until 2024. That's why its stock collapsed as rising interest rates crushed speculative stocks. The market's excitement about QuantumScape's technology drove its market cap to a peak of $47.8 billion in late 2020 - even though it hadn't generated any revenue yet. Its largest investor is Volkswagen, which started working with the company over a decade ago and is currently co-developing batteries with the company through a joint venture. It's currently producing a solid-state battery that could revolutionize the EV market with a range of 650 km and a charge time of just 15 minutes. Solid-state batteries are still more expensive, less dense, and less durable than lithium-ion batteries, but QuantumScape aims to close that gap. This makes them more resistant to higher temperatures and less susceptible to fires than lithium-ion batteries, which generate power with volatile liquid electrolytes. Solid-state batteries generate power with solid electrolytes. QuantumScape still hasn't sold any batteries ChargePoint also offers cable conversion kits to easily adapt existing Home Flex stations and allow Tesla drivers to charge without an adapter.Image source: Getty Images. Tesla drivers in Europe can use any ChargePoint station without an adapter.įor home use, Tesla drivers can order new Home Flex stations with a Tesla-compatible connector.Some vehicles may require an update to use adapters ( learn more). These adapters are available from many vendors, including Tesla. On DC stations, Tesla drivers can use adapters to connect their vehicles to a CCS1 connector.All publicly available AC stations are equipped with J1772 connectors, and drivers can use them with the adapter provided with every new Tesla vehicle.ChargePoint now sells commercial stations with Tesla-compatible NACS connectors, and we are working with site owners to make them available to drivers as fast as possible.Įven if a particular station does not currently have Tesla-compatible NACS connectors, Tesla drivers can still use it to charge their vehicles conveniently:
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