Lincoln Tech Signs Agreement with Tesla to Train Future EV Technicians

Rhea-AI Summary

Lincoln Educational Services Corporation (NASDAQ: LINC) has entered into a significant partnership with Tesla to create a Tesla training facility at its Denver campus. This initiative will provide students with industry-leading electric vehicle (EV) training at no cost, targeting future service technicians for Tesla. The 16-week program includes stipends and access to equipment and vehicles from Tesla. Graduates may have opportunities to work at Tesla service centers, addressing the projected need for over 690,000 skilled auto technicians in the U.S. by 2030.

Positive

• Partnership with Tesla enhances Lincoln's EV training capabilities.
• Students receive stipends while participating in the 16-week program.
• Tesla provides necessary equipment and facilities, indicating strong industry support.
• Graduates may be recruited by Tesla, improving post-training job prospects.

Negative

• None.

New agreement with global auto innovator reinforces Lincoln’s commitment to delivering industry-leading EV training program for its students.

Parsippany, NJ, Aug. 02, 2022 (GLOBE NEWSWIRE) -- Lincoln Educational Services Corporation (NASDAQ: LINC), a national leader in specialized technical training for more than 75 years, has signed a new agreement with Tesla, the world leader in electric vehicle (EV) production. A Tesla training facility will be established at Lincoln Tech’s Denver, CO campus as part of a 3-year plan whereby the school will provide Tesla START training at no cost to students to help develop the next generation of Tesla’s service technician workforce. Automotive Technology graduates from any of Lincoln Tech’s campuses will be eligible to apply for this advanced EV training program.

“Entering into this agreement with Tesla solidifies Lincoln Tech’s commitment to providing electric vehicle training for 21^st century Automotive Technicians,” says Scott Shaw, Lincoln Tech’s President and CEO. “It is the latest advancement in our EV training programs, and having Tesla’s backing and input in developing these programs will be invaluable for our organization and for our students. It is our intention to become the leading provider of EV Automotive Technology training,” Shaw adds.

Students accepted into the 16-week program will receive an hourly stipend while they train. The Tesla training facility will occupy approximately 6,000 square feet of space in Lincoln Tech’s Denver campus. Tesla will also provide vehicles, tools, equipment, charging stations and its own instructors to deliver the program. Upon completion of the program, graduates may be recruited for positions at Tesla service centers across North America.

Lincoln will provide logistical support for the capstone program, including aiding Tesla in recruiting technicians looking to further their skills on Electric Vehicle systems in pursuit of careers with one of the world’s fastest-growing auto brands. The potential to expand to additional Lincoln campuses is also being considered as Tesla faces the need for skilled technicians across North America.

“This is an exciting, incredible opportunity for our campus and for all of Lincoln Tech’s automotive graduates,” says Kelly Moore, President of the Denver campus. “We’re focused on the future of the automotive industry, and our campus will be one of only six schools in the western U.S. – one of only 10 across the nation – to offer the Tesla START program.”

The Tesla EV training program will be available to Lincoln Tech graduates from all its Automotive Technology campuses across the country: Denver; Columbia, MD; East Windsor, CT; Grand Prairie, TX; Indianapolis, IN; Mahwah and Union, NJ; Melrose Park, IL; Nashville, TN; Philadelphia, PA; and Queens, NY. Overall, the U.S. Department of Labor projects more than 690,000 openings across the country for skilled, trained auto technicians by 2030*.

* Career growth projections can be found at onetonline.org for the years 2020-2030 and are current as of July 16, 2022.

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About Lincoln Educational Services Corporation

Lincoln Educational Services Corporation is a leading provider of diversified career-oriented post-secondary education. Lincoln offers recent high school graduates and working adults career-oriented programs in five principal areas of study: automotive technology, health sciences, skilled trades, business and information technology, and hospitality services. Lincoln has provided the workforce with skilled technicians since its inception in 1946. 

Lincoln currently operates 22 campuses in 14 states under four brands: Lincoln Technical Institute, Lincoln College of Technology and Euphoria Institute of Beauty Arts and Sciences.  Lincoln also operates Lincoln Culinary Institutes in both Maryland and Connecticut.

For more information, go to lincolntech.edu.

FAQ

What is the new partnership between Lincoln and Tesla?

Lincoln has signed an agreement with Tesla to establish a training facility at its Denver campus, focusing on electric vehicle technician training.

When will the Tesla START program be available to Lincoln students?

The Tesla START program will be available as part of a three-year plan, with enrollment details expected soon.

What benefits do Lincoln students receive from the Tesla EV training program?

Students accepted into the program will receive an hourly stipend, training with Tesla's equipment, and potential job placements at Tesla service centers.

How many campuses will offer the Tesla START program?

The program will be available at Lincoln Tech's Automotive Technology campuses across the country, including Denver, Columbia, MD, and others.

What is the job outlook for automotive technicians in the U.S.?

The U.S. Department of Labor projects over 690,000 job openings for skilled auto technicians by 2030.