Ford Motor Co. shares jump after the automaker and Tesla Inc. announce that Ford EV owners will get to use Tesla's Supercharging network.
Ford Motor Co. shares jumped more than 7% in midday trading Friday — on track for its best one-day gain since Nov. 10 and the highest close since May 1 — as analysts praised its recent deal with Tesla Inc. involving charging stations.
Ford... Ford Motor Co. shares jumped more than 7% in midday trading Friday — on track for its best one-day gain since Nov. 10 and the highest close since May 1 — as analysts praised its recent deal with Tesla Inc. involving charging stations. Ford F Chief Executive Jim Farley and Tesla TSLA Chief Executive Elon Musk held a Twitter Spaces livestream to reveal the agreement, which would allow Ford owners to access Tesla Superchargers in the U.S. and Canada starting early next year, in addition to Ford’s own charging network.
Earlier this year, Tesla said it would open up much of its Supercharger network to other automakers by the end of 2024 as part of a Biden administration plan to provide at least 500,000 chargers across the country by 2030.
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