Tesla Is Reportedly Gearing Up To Acquire the German Wireless EV Charging Company Wiferion
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Tesla managed to stage a charging-related coup of sorts recently, which played an important role in propelling the stock to fresh year-to-date highs. Now, the company is reportedly gearing up to add another feather to its charging cap if the latest news out of Germany pans out.
As a refresher, Tesla's NACS is set to become the dominant charging standard in North America after GM, Ford, and Rivian communicated their willingness to adopt the standard from late 2024/2025 onward. As per a recent tabulation by Piper Sandler, the EV giant is set to earn $3 billion in revenue from non-Tesla owners by 2030 from the widespread adoption of NACS.
$TSLA is reportedly in the process of acquiring German-based EV wireless charging company Wiferion. The company was founded in 2016 and develops an inductive charging system for electric vehicles and primarily for robots. https://t.co/TBUSQscl99
— notreload (@thudderwicks) June 22, 2023
Today, German publications are reporting that Tesla is gearing up to acquire the wireless EV charging company, Wiferion. Founded in 2016, the company specializes in manufacturing inductive charging systems for electric vehicles and robots. Wiferion has raised 15 million Euros in recent years via a number of funding rounds. According to the German portal Gründerszene, Tesla might acquire Wiferion at a price that is in the "mid to high double-digit million amount."
NEWS: Morgan Stanley's Adam Jonas has increased his $TSLA price target to $250 (from $200), and his bull PT to $450 (from $390).
"We see @Tesla as an AI beneficiary AND an auto company; While we move to EW, in our
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