ChargePoint has a 70% share of all networked public charging stations and operates on four continents. But does this global network matter for Tesla (NASDAQ: TSLA) owners?
It turns out that even Tesla vehicles can use ChargePoint. Don't expect the same speed you'd get from a Tesla Supercharger, however, which can provide 170 miles of range with a 30-minute charge. Instead, you might get 10 miles of juice in that time.
Still, if you're already a Tesla owner, or a potential owner, just having this vast ChargePoint network available to you can be crucial to your peace of mind.
Motley Fool analyst Rex Moore was able to speak with ChargePoint President and CEO Pat Romano at the Consumer Electronics Show in Las Vegas. In this video segment, Romano demonstrates the standard connector design that fits all electric vehicles except Tesla's, and how Tesla owners can use a simple adapter for a charge.
A full transcript follows the video.
Pat Romano: Tesla ships every Model S with an adapter. This uses a standard that literally every car uses. If you look under this charging point here on this i3, this connector here is on literally every electric vehicle out there.
Rex Moore: The Tesla?
Romano: Except for Tesla -- Tesla, they have an adapter that will adapt their proprietary connector to something that looks like this, so you can plug this in. But every other car out there uses that.
There's no loss of functionality. There's no difference between what happens when you're plugged in with that adapter to that Model S or whether you're plugged into this car. You're not losing functionality by using that adapter, so really it is pretty seamless.
This will charge any car that's on the market.
Rex Moore has no position in any stocks mentioned. The Motley Fool recommends Tesla Motors. The Motley Fool owns shares of Tesla Motors. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.