Best Western International's partnership with Tesla to install EV charging stations at 2,000 hotels in North America, with plans for international expansion, will lead to increased adoption of electric vehicles and potentially create a new revenue stream for businesses
Questions to inspire discussion
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What is Best Western International's partnership with Tesla?
—Best Western Hotels has partnered with Tesla to bring EV charging stations to 2,000 hotels in North America, with plans for international expansion.
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What type of charging stations will be installed?
—Best Western Hotels is partnering with Tesla to install universal wall connectors for electric vehicles, expanding Tesla's charging efforts and promoting sustainability.
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Will guests be charged for using the charging stations?
—It is unlikely that Best Western Hotels will charge guests for access to the chargers.
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What other partnerships are in place for EV charging?
—Volvo has partnered with Starbucks to offer charge Point CCs, and they also plan to partner with Tesla, while Best Western Hotels is also offering superchargers for Tesla vehicles.
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What impact will the partnership have on Tesla's stock?
—The impact on Tesla's stock may not be direct, but 2024 will see partnerships between big brands and Tesla, with Best Western Hotels and Volvo already announcing partnerships.
Key Insights
- 🔌 Best Western International is partnering with Tesla to bring EV charging stations to 2,000 hotels throughout North America, with plans to expand internationally beginning in 2024.
- 💰 Tesla's universal wall connector is more cost and affordable than other brands, making it a great partnership for Best Western Hotels.
- 🔌 Best Western's partnership with Tesla could lead to increased adoption of electric vehicles, especially with the installation of charging stations at hotels.
- 💰 Hotels tend to charge for things that should be included, so it's questionable whether Tesla or any other provider will get a cut from the charging fees.
- 🔌 Best Western Hotels' decision to use wall connectors instead of superchargers for Tesla vehicles is a cost-effective move that could save them a significant amount of money.
- 🚗 Big brands like Best Western, McDonald's, and Walmart need to partner with Tesla to stay relevant in 2024.
- 🚗 The shift to electric charging stations could potentially be more profitable for businesses than traditional gas pumps, offering a new revenue stream and reducing costly inspections.
- 🚗 This partnership will make it ingrained in everybody's mind that they can charge their Tesla at Target, predicting a big change in the near future.
#Investment #Tesla
Clips
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00:00 🚗 Best Western Hotels partners with Tesla to install EV charging stations at 2,000 hotels in North America, with plans to expand internationally in 2024.
- Best Western Hotels has partnered with Tesla to bring charging stations to 2,000 hotels in North America, following a trend of similar partnerships with other hotel chains.
- Best Western International is partnering with Tesla to bring EV charging stations to 2,000 hotels in North America, with plans to expand internationally starting in 2024.
- Best Western Hotels partners with Tesla to install universal wall connectors for North American vehicles, expanding Tesla's charging efforts and promoting sustainability.
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02:44 🚗 Best Western Hotels partners with Tesla to install electric vehicle charging stations at their locations, following in the footsteps of Hilton, seen as a valuable feature for the brand.
- Best Western Hotels is partnering with Tesla to install electric vehicle charging stations at their hotels, following in the footsteps of Hilton, and this move is seen as a valuable feature for the brand.
- Best Western Hotels is partnering with Tesla to install electric vehicle charging stations at their locations.
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04:49 🚗 Best Western Hotels partners with Tesla to install universal wall connectors for electric vehicles, and Volvo plans to partner with Tesla as well.
- Best Western Hotels is partnering with Tesla to install universal wall connectors for electric vehicles, and it is unlikely that they will charge guests for access to the chargers.
- Volvo has partnered with Starbucks to offer charge Point CCs, and they also plan to partner with Tesla, while Best Western Hotels is also offering superchargers for Tesla vehicles.
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06:56 💡 Best Western Hotels partners with Tesla for electric vehicle charging stations, but there are concerns about the pricing and compatibility of the charging formats.
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08:23 💡 Best Western Hotels is partnering with Tesla to install universal wall connectors for electric vehicles, which is much cheaper than installing superchargers.
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09:32 🚀 Best Western Hotels partners with Tesla to install solar panels and mega packs for free energy, while other big brands like Volvo are also announcing partnerships, but the impact on Tesla's stock may not be direct.
- Best Western Hotels will partner with Tesla to install solar panels and mega packs for free energy, and a company in California has developed a clever system for slow charging batteries and fast charging cars without the need for high voltage.
- 2024 will see partnerships between big brands and Tesla, with Best Western Hotels and Volvo already announcing partnerships, but the impact on Tesla's stock may not be direct.
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11:47 🚗 Electric Shell station with no gas pumps, just parking spots, is a cost-effective and profitable idea for businesses.
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12:58 🚗 Best Western Hotels partners with Tesla to provide Tesla superchargers at their locations, making it convenient for Tesla owners to charge their vehicles.
- Best Western Hotels has partnered with Tesla, making it the go-to rental car company for electric vehicles.
- Best Western Hotels is partnering with Tesla to have Tesla superchargers in every Target, making it convenient for Tesla owners to charge their vehicles.
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