Tesla And General Motors Shares Are Popping After Hours: What's Going On?
Portfolio Pulse from Adam Eckert
General Motors and Tesla announced a collaboration to integrate the North American Charging Standard (NACS) connector design into GM's EVs starting in 2025, expanding access to Tesla's 12,000 Supercharger stations for GM drivers. The Tesla Supercharger Network will be open to GM EV drivers from 2024 with an adapter, and GM will integrate the network into its vehicle and mobile apps.
June 08, 2023 | 9:02 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
General Motors shares rose 3.4% after announcing a collaboration with Tesla to integrate NACS connector design into GM's EVs, expanding access to Tesla's Supercharger network.
The collaboration with Tesla will expand GM's charging infrastructure and make its EVs more attractive to potential buyers. This partnership is expected to have a positive impact on GM's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Tesla shares rose 3.73% after announcing a collaboration with General Motors to integrate NACS connector design into GM's EVs, expanding access to Tesla's Supercharger network.
The collaboration with General Motors will increase the utilization of Tesla's Supercharger network and potentially generate additional revenue. This partnership is expected to have a positive impact on Tesla's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100