Tesla (TSLA) cuts Supercharging prices in Europe
Tesla (NASDAQ: TSLA) has cut Supercharger prices across most markets in Europe, decreasing fees by over ten percent as energy prices are stabilizing downward following the crisis.
In Europe, there have been major swings in electricity rates over the last year due to the war in Ukraine. Tesla had to adjust prices with a massive hike to Supercharger pricing in September following the rates going up, but the electricity rates have settled down over the last few months.
In Germany, Tesla Supercharging fees dropped from between €0.52 and €0.59 to between €0.40 and €0.44. These adjustments mark a considerable drop in pricing, making Supercharging more affordable. Additionally, the Netherlands saw adjustments to its pricing structure. Previously, it was priced at between €0.42 and €0.45, but has since decreased to €0.33 and €0.37 at a Supercharger in Eemnes.
Tesla announced last month that it had officially reached a new milestone with the opening of its 45,000th Supercharger stall globally. It came less than five months after the automaker had opened its 40,000th Supercharger location.
In Europe, Tesla Supercharger prices are especially important since the automaker has opened a lot of stations to non-Tesla EV owners, making it a bigger business.
In recent comments, Tesla has indicated that it could become a profit center, something that the company has shied away from in the past.
Shares of TSLA are up 0.05% near end of day trading on Wednesday.
By Michael Elkins | [email protected]