Tesla Model S - The Road to Autonomy

Tesla’s Proprietary EV Charging Network Pays Off, Piper Sandler Estimates $3 Billion in Revenue by 2030

This Week In The Road to Autonomy Index — For the week of June 5, 2023, The Road to Autonomy Index returned 1.42%, while the S&P 500 returned 0.37%. The top performing stocks in The Road to Autonomy Index this week were Tesla, GM, Daimler Truck.

On this episode, Grayson Brulte discusses Tesla’s North American Charging Standard connector for EVs, GM’s autonomous vehicle strategy and why the market for personally owned autonomous vehicles is beginning to emerge.

When Tesla first announced their proprietary EV charging network on September 24, 2012 there was a lot of skepticism in terms of the return on investment. It turns out that the decision to invest in a proprietary EV charging network was the correct move. A move that will drive long-term revenue for Tesla as Piper Sandler is estimating that Tesla stands to generate an additional $3 billion in revenue by 2030 and $5.4 billion by 2032.

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The Road to Autonomy Index®

The Road to Autonomy Index is an autonomous vehicle index comprised of 38 publicly-traded companies. The Index is a rules-based equity benchmark index that is calculated by Standard and Poor’s Dow Jones Indices. The Index measures the performance of a basket of global companies that are involved in the development and commercialization of autonomous driving technologies.

Included in the Index are companies that are developing autonomous vehicles (self-driving cars), autonomous trucks and off-road specialty vehicles. As well as transportation, technology, industrial and services companies that have identified autonomy as a key component of their growth strategies. 

Inclusion of a security within The Road to Autonomy Index® is not a recommendation by The Road to Autonomy Indices LLC to buy, sell, or hold such security, nor is it considered to be investment advice.