Ford, Tesla Shares Rise After Unveiling EV Charging Partnership
A new partnership with Elon Musk and Tesla has Ford Motor shares surging!
Ford said Thursday that its electric vehicle customers will have access to more than 12,000 Tesla rapid charging stations across the U.S. and Canada, beginning next year. Investors liked what they saw.
Tweet on Tesla revealing join EV w/Ford
Elon Musk said Tesla is opening up some of its fast-charging network to Ford customers in the U.S. and Canada starting in 2024 #WSJWhatsNow https://t.co/wvprlcqqxt pic.twitter.com/I8KzpsHdqa
— The Wall Street Journal (@WSJ) May 26, 2023
WSJ on Tesla & Ford collaboration
Ford stock was up more than 7% on Friday morning, good for one of the best performances in the S&P 500.
Ford shares are now up about 5% this year.
Tweet on Tesla & Fors stock reaction
Ford, @Tesla Shares Rise After Unveiling Electric Car Charging Partnership!
A new partnership with Elon Musk and Tesla has Ford Motor shares surging.#ford #tesla #ev pic.twitter.com/VPmytL3jhX
— The_Journalbiz (@the_journalbiz) May 26, 2023
Factset chart
Tesla shares were up more than 3% on Friday and have advanced about 55% in 2023.
