Tesla Opens Up Its EV Charging Walled Garden To Non-Tesla EVs

Tesla, Inc TSLA aimed to tap into public funding to build electric-vehicle chargers by making some of its U.S. Supercharger networks accessible to non-Tesla EVs, the Wall Street Journal reports.
Tesla bid for a portion of billions in federal and state dollars pledged by the U.S. government, automakers, and many states to accelerate a fast-charger build-out along highways.
Regulatory filings disclosed Tesla applying for public funding requiring access by other EV makers to the network.
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In June, California’s energy agency proposed awarding Tesla $6.4 million for building chargers in rural areas.
Tesla also applied for charging grants in Texas last November.
Tesla also looks to begin production of new Supercharger equipment to enable non-Tesla EV drivers in North America to use Tesla Superchargers.
The U.S. looks to dole out $7.5 billion to the states for charging stations under the $1 trillion infrastructure bill.
The U.S. has fewer than 5,000 locations with 10,000 individual fast chargers that anyone can use.
The spending on charging infrastructure will likely reach $30 billion by 2030 in the global EV charging station market, WSJ wrote.
The White House disclosed multiple companies are investing over $700 million to boost US manufacturing capacity for EV chargers,
Price Action: TSLA shares traded higher by 1.26% at $827 in the premarket on the last check Monday.
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