Hyperdrive

Tesla Has Built a Charging Business to Be Taken Seriously

BloombergNEF estimates the company could generate $7.4 billion in revenue and around $740 million in profit by 2030.

Tesla chargers in Thurrock, England.

Photographer: Chris Ratcliffe/Bloomberg

Thanks for reading Hyperdrive, Bloomberg’s newsletter on the future of the auto world.

BloombergNEF just published an analysis of how electric-vehicle charging companies are faring financially. Some lesser-known companies in the space — Finnish fast-charging manufacturer Kempower and Dutch fast-charging operator Fastned, for example — are turning a corner with respect to profitability.