Can You Trust Elon Musk As A Partner Or Is He A Competitor? Here's What GM CEO Mary Barra Says
Portfolio Pulse from Adam Eckert
General Motors (GM) and Tesla (TSLA) have partnered for EV charging, despite being competitors in the EV market. GM will integrate the North American Charging Standard (NACS) connector into its EVs, expanding access to charging for GM EV drivers at 12,000 Tesla Supercharger stations. The Tesla Supercharger Network will be open to GM EV drivers starting in 2024. GM CEO Mary Barra views Elon Musk as both a competitor and a partner.
June 27, 2023 | 6:14 pm
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POSITIVE IMPACT
GM's partnership with Tesla for EV charging could boost its competitive position in the EV market by expanding charging options for its EV drivers.
The partnership with Tesla allows GM to leverage Tesla's extensive Supercharger network, potentially making GM's EVs more attractive to consumers due to increased charging options. This could boost GM's sales and market share in the EV market.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Tesla's partnership with GM for EV charging could increase utilization of its Supercharger network and generate additional revenue.
The partnership with GM could increase utilization of Tesla's Supercharger network as GM's EV drivers will also be able to use the network. This could generate additional revenue for Tesla from charging fees.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100