Tesla Investor Says Rivian Vehicles Now Compatible With Elon Musk's EV Giant's Supercharger Network
Portfolio Pulse from Benzinga Neuro
Rivian Automotive Inc. vehicles are now compatible with Tesla Inc.'s Supercharger network, as confirmed by a Tesla investor and a Rivian customer. This development follows Rivian's decision to align with Tesla's North America charging protocol and Tesla's announcement to open its Supercharger network to rival EV makers. Tesla's stock saw a slight increase, while Rivian's stock experienced a more significant rise.
March 18, 2024 | 9:06 am
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POSITIVE IMPACT
Rivian's vehicles are now compatible with Tesla's Supercharger network, a move that could significantly benefit Rivian's customer experience and accessibility to charging infrastructure. Rivian's stock rose notably.
Rivian's alignment with Tesla's charging protocol and the subsequent access to the Supercharger network is likely to be viewed positively by investors and customers, potentially leading to an increase in Rivian's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 90
POSITIVE IMPACT
Tesla's Supercharger network is now accessible to Rivian vehicles, indicating a collaborative effort in the EV sector. Tesla's stock saw a minor increase.
The compatibility of Rivian vehicles with Tesla's Supercharger network could enhance Tesla's image as a leader in EV infrastructure, potentially increasing its stock value in the short term due to positive market perception.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 80