How to Make Money with Tesla Charging Stations?

Feb 17, 2024

Tesla charging stations, also known as Tesla Superchargers, offer an enticing opportunity for entrepreneurs and property owners looking to capitalize on the booming electric vehicle (EV) industry. With the number of Tesla vehicles on the road rapidly increasing, the demand for charging solutions is growing. This article outlines the ways you can tap into this demand and potentially make money by deploying Tesla charging stations.

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1. Hosting a Tesla Supercharger:
Tesla's growth strategy includes expanding its Supercharger network, and they often partner with property owners to do so. Hosting a Supercharger station can increase foot traffic to your business as Tesla drivers wait for their vehicles to charge. Restaurants, shopping centers, and hotels are ideal locations because they offer amenities that drivers can use while their cars charge.

To host a Tesla charging station, reach out to Tesla directly to express interest. Keep in mind that Tesla will evaluate the proposed location based on various criteria, including accessibility, convenience, and existing or future demand.

 

2. Destination Chargers for Businesses:
Tesla's Destination Charging program is designed to provide convenient charging at locations drivers frequently visit for longer periods, like hotels, resorts, and restaurants. By installing Tesla Wall Connectors at your business, you provide a value-added service that can attract Tesla drivers. You can set these chargers to be free for customers or you can monetize it by charging a fee.

Many businesses find that the increased visibility on Tesla's charging map and the allure of free or convenient charging is a powerful incentive that attracts Tesla owners and encourages them to spend more time and money at the establishment.

 

3. Charging as a Service (CaaS):
You can purchase and install your own Tesla-compatible charging stations and offer charging as a service. You would handle the setup costs and then charge EV owners a fee to use your station. There are several networks and platforms you can partner with to handle payment and provide a seamless charging experience for customers, such as ChargePoint or EVgo.

Offering additional amenities like Wi-Fi, seating areas, or discounts to nearby businesses can differentiate your charging service and create a loyal customer base.

 

4. Real Estate Value-Add:
Installing a Tesla charging station on your property can increase its desirability and value, especially in areas where EV adoption is high. Real estate listings that offer EV charging as a feature can stand out in the market, potentially commanding higher prices or rent.

Investing in EV charging infrastructure signals that your property is modern and eco-conscious, traits that are increasingly important to prospective buyers or tenants.


The EV market is expanding, and with the right approach, there are numerous ways to profit from installing Tesla charging stations. From hosting a Supercharger to adding destination chargers at your business or offering charging as a standalone service, each option has the potential to generate income and attract a growing base of environmentally aware consumers.

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