The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
BP Oil Giant to BUY TESLA Supercharger Stations.
Repeat it’s nothing more than a rumour.
But it might just make sense of why TELSA have been actively cutting back staff etc
Hi meoryou, Spights and all.
No smoke without fire. Courtesy of Bloomberg. Youtube opinion on the same below.
NEWS: Oil giant BP wants to buy Tesla Supercharger sites in the U.S.
BP “is aggressively looking to acquire real estate to scale our network, which is a heightened focus following the recent Tesla announcement.” It plans to spend $1 billion by 2030, half of it within the next two to three years to install over 3,000 charging points across the US. A key part of the strategy is building large-scale hubs with 12 or more chargers that it calls Gigahubs.
“If there are stranded real estate partners who are looking for someone to call, they should feel free to pick up the phone and call me or look me up on LinkedIn,” Sujay Sharma, chief executive officer of bp pulse Americas, said in an interview with Bloomberg.
BP last year signed a deal to procure about $100 million of Tesla supercharger hardware, with the deployment expected to start later this year and early 2025, the CEO said.
Source: bloomberg.com/news/articles/…
https://www.youtube.com/live/V0BE3uKax3I?feature=shared
Hi Mark,
I’m reading a lot more into it,
As Murray kind of said they could do a deal in the renewable space.
I was wondering if TELSA whole charging business might be available,and that was what Murray was talking about.
Not just a few stations but the whole system.
There was an article saying car manufacturers like Ford did not do the whole petrol station thing 100 years ago, so now TESLA no longer need to be in car EV charging.
Might be nothing to it
BP’S POTENTIAL $1 BILLION ACQUISITION OF TESLA’S SUPERCHARGER FACILITIES
https://evxl.co/2024/05/11/bp-acquisition-tesla-supercharger-facilities/
Apologies, what’s the significance of this rumour and, will it have a tangible affect on the SP if it transpires?
Can’t say if it would be significant.
It would probably make BP first in charging.
It would get them to their target ahead of time
It would be Murray’s first big deal.
Don’t know how it would affect earnings.
But it would help put a value on BPs charging network.
As for sp being affected we can only wait and see
Evening meoryou and all
Hi meoryou, this should be very significant and very lucrative should the rumour become fact. EV's are currently going through silly season with the press knocking EV's at every opportunity. Half - truth stories about Mercedes, Ford etc scaling back on EV production or extending full electricity vehicle production deadlines has more to do with short term economics rather than any fundementals.
EV's are here to stay and will be the only new car to buy in ten years. Sales of electric cars, maybe out of vogue with the media, but starting from a very low base they are growing quickly in many markets around the world. Globally, around 25% of new cars sold were electric in 2023. In Norway, this share was over 90%, and in China, it was almost 40%. Once the US infrastructure improves, and prices and production costs ease, which is currently starting to happen thanks to Chinese EV production / competition, US EV numbers will boom as will the delayed production of EV commercial vehilcles in the next few years. Investing now for that inevitability makes excellent financial sense. Together with the Travel Centres of America deal, this would put BP at a competitive advantage with massive revenues in 5 to 10 years in my opinion.
From those investors who dislike the transition strategy to the O&G ONLY luddites. EV's are here to stay and as demand for petrol and diesel reduces over the next decade demand for premium EV charging will rocket.
Have a great evening all.
Mark
Wasn’t this exactly the kinda strategy and opportunity that good old Bernard was surely dreaming about in his (unpopular) stanse to steer the Company away from it’s hitherto core business of finding and marketting CO2 producing products ?
Take a bow Bernard (perhaps - if Murray can pull it off before Bigger Oil catches on).
Time and TESLA will tell.
( SP and propensity to be bought out for serious bucks will follow).
It’s all obviously a price thing.
At the right price it could be good.
If I was Musk ( and down to my last x billion dollars), I would be looking for a joint venture with BP.
BP to put up cash for future growth and run it as a stand alone company like Aker BP with some shares listed just to get a real value of it.