Hilton Partners with Tesla to Install 20,000 Charging Stations at U.S. Hotels


Shares of Hilton Worldwide Holdings Inc. (HLT) are showing resilience in the face of a broader market selloff. The hotel operator has announced a collaboration with electric vehicle giant Tesla Inc. (TSLA) to install up to 20,000 Tesla Universal Wall Connectors at 2,000 hotels across the United States.

The installation of these new charging stations, set to begin in early 2024, marks an expansion of the existing partnership between Hilton and Tesla. Each of the selected hotels will be equipped with a minimum of six chargers.

Tesla’s Universal Wall Connector is designed to seamlessly charge any North American EV model. This joint effort aims to significantly transform the landscape of universal EV chargers in North America within a remarkably short timeframe.

Hilton’s Chief Brand Officer, Matt Schuyler, expressed enthusiasm about the collaboration, stating, “Through this expanded agreement with Tesla, we are significantly changing the landscape of universal EV chargers in North America in an incredibly short amount of time.”

Despite the overall market downturn, Hilton’s stock is expected to trade up by less than 0.1%. In contrast, Tesla shares have experienced a decline of 2.4%, while futures for the S&P 500 are down by 0.4%.

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