Tesla Lowers Supercharging Prices In Europe By Investing.com

Tesla Lowers Supercharging Prices In Europe By Investing.com

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Tesla (NASDAQ:) cut prices for superchargers in most European markets, cutting charges by more than 10% as energy prices stabilized lower after the crisis.

In Europe, there have been significant fluctuations in electricity prices over the past year due to the war in Ukraine. Tesla had to adjust prices with a massive Supercharger price increase in September following the rate hike, but electricity prices have stabilized in recent months.

In Germany, the Tesla Supercharge fee has gone from €0.52 (€1 = $1.0980) and €0.59 to between €0.40 and €0.44. These tweaks mark a considerable drop in price, making the Supercharge more affordable. Additionally, the Netherlands has seen adjustments in its pricing structure. It used to be priced between €0.42 and €0.45, but has since dropped to €0.33 and €0.37 in a Supercharger in Eemnes.

Tesla announced last month that it had officially reached another milestone with the opening of its 45,000th Supercharger stand worldwide. This happened less than five months after the automaker opened its 40,000th Supercharger.

In Europe, Tesla Supercharger prices are particularly important since the automaker has opened up many stations to non-Tesla electric vehicle owners, making it a bigger business.

In recent comments, Tesla indicated it could become a profit center, which the company has avoided in the past.

Shares of TSLA are up 0.05% late Wednesday.


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