Lucid To Adopt North American Charging Standard (NACS), Can Access 15,000+ Tesla Superchargers In North America In 2025
Portfolio Pulse from Benzinga Newsdesk
Lucid Motors, under the ticker LCID, has announced plans to adopt the North American Charging Standard (NACS), which will allow it access to over 15,000 Tesla Superchargers across North America by 2025. This move could potentially increase the appeal of Lucid's electric vehicles by alleviating range anxiety and providing more charging options for customers.
November 06, 2023 | 9:15 pm
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POSITIVE IMPACT
Lucid's decision to adopt NACS could increase the appeal of its electric vehicles by providing more charging options and alleviating range anxiety for customers.
The adoption of NACS by Lucid Motors will allow its customers to use Tesla's extensive Supercharger network, which could make Lucid's electric vehicles more appealing to potential buyers. This could potentially lead to increased sales and a positive impact on the company's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
Tesla's Supercharger network will be accessible to Lucid's customers, potentially increasing the utilization of Tesla's charging infrastructure.
While this move by Lucid could potentially increase the utilization of Tesla's Supercharger network, it's unclear how this will directly impact Tesla's bottom line or stock price. Therefore, the short-term impact on Tesla's stock is neutral.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50