Tesla investors should pump the brakes on Supercharger enthusiasm, one bear says

Tesla Inc.’s Supercharger deals with rivals could bring some financial payoff down the line, but not in a way that squares with the recent stock surge, Guggenheim says.

The electric-vehicle giant has announced in recent weeks that drivers of electric cars from Ford Motor Co. F, General Motors Co. GM and Rivian Automotive Inc. RIVN would be able to access Tesla’s TSLA Supercharger network, and that these competitors would adopt the company’s NACS (North American Charging Standard).

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