:Tesla shares were up 5 per cent on Friday after General Motors joined Ford in agreeing to use its electric-vehicle charging network, a big win that analysts said could make Tesla Superchargers an industry standard in the United States.The rare partnership among three of the biggest U.S. automakers ensures th
:Tesla shares were up 5 per cent on Friday after General Motors joined Ford in agreeing to use its electric-vehicle charging network, a big win that analysts said could make Tesla Superchargers an industry standard in the United States.
"Tesla is hoping that CCS adapters will help it meet that requirement to qualify for federal tax dollars," said Garrett Nelson, senior investment strategist at CFRA Research. Already the world's most valuable automaker, Elon Musk-led Tesla has added more than $200 billion to its market value since announcing the charging tie-up with Ford on May 25.
GM CEO Mary Barra said on Thursday that"we have a real opportunity here to really drive to be the unified standard for North America, which I think will enable even more mass adoption."The tie-ups will put pressure on other companies to upgrade their networks to work with Tesla's at a time when many lag in customer service and lack the funds to make such a commitment.
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
GM will adopt Tesla's North American charging standard:General Motors will join Ford in adopting Tesla's North American charging plug standard and give GM electric vehicle buyers access to the Tesla SuperCharger network under an agreement announced on Thursday by GM CEO Mary Barra and Tesla chief Elon Musk.GM's move, which follows a similar decision by Ford to e
Read more »
GM embraces Tesla's charging system, Wall Street cheersGeneral Motors will join Ford in adopting Tesla's North American charging plug standard and give GM electric vehicle buyers access to the Tesla Supercharger network under an agreement announced on Thursday. GM's move, which follows a similar decision by Ford to embrace Tesla's charging plug standard, mean
Read more »
GM embraces Tesla's charging system, Wall Street cheersGeneral Motors will join Ford in adopting Tesla's North American charging plug standard and give GM electric vehicle buyers access to the Tesla Supercharger network under an agreement announced on Thursday. GM's move, which follows a similar decision by Ford to embrace Tesla's charging plug standard, mean
Read more »
Mercedes-Benz beats Tesla for California's approval of automated driving tech:The California Department of Motor Vehicles on Thursday approved Mercedes-Benz's automated driving system on designated highways under certain conditions without the active control of a driver.California is one of Tesla's largest markets, accounting for 16 per cent of the carmaker's global deliveries last ye
Read more »
Tesla short sellers down $6.08 billion in stock's 11-session winning streak -S3 PartnersTraders who have sold Tesla Inc shares short have lost about $6.08 billion on a mark-to-market basis during the electric car maker's current winning streak, according to the latest data from S3 Partners. Tesla's current rally, which will span 11 sessions if it closes Friday's session higher, has the stock
Read more »
White House welcomes Tesla to take advantage of federal dollarsThe White House on Friday said electric-vehicle charging stations using Tesla standard plugs would be eligible for billions of dollars in federal subsidies as long as they included the U.S. charging standard connection, CCS, as well.The statement follows separate announcements by U.S. automakers Ford Moto
Read more »