![]() So for that to be accessible to more drivers is, I think, very positive news."īuttigieg continued that regardless of charger plug standard - CCS vs NACS or even the CHAdeMo standard that Nissan uses, the availability of adapters for interoperability will be crucial. "We are on an aggressive journey to get to the president's vision of half a million chargers by the end of the decade across America, and there's already this remarkable charging network that Tesla has built. "We're really glad to see this deal and any deal that means more access for more drivers to more electric chargers," Secretary Buttigieg said in an interview with Yahoo Finance this week. (AP Photo/Susan Walsh)Įven Transportation Secretary Pete Buttigieg expressed support for the Ford/Tesla deal as good for consumers. Tesla and SpaceX Chief Executive Officer Elon Musk speaks at the SATELLITE Conference and Exhibition in Washington, Monday, March 9, 2020. "I think it’s a good move for Ford, or at least not a negative – everyone (Tesla and other automakers) will probably need an adapter one way or the other anyway – so getting access to Superchargers requires moving to NACS, it’s probably worth it." Research Analyst Mike Austin told Yahoo Finance. "In terms of vehicles on the road and fast charge ports, NACS is the leading standard in the US," Guidehouse Sr. "Ford discussed having EVs that can charge quickly (and have a smaller battery) as part of its strategy to improve user experience and profits at its recent investor day, and we view this step to enhance the charging network as a step toward that." "To the extent it helps Ford sell more EVs, it also reinforces the importance of getting to profitability on those vehicle sales," Goldman analyst Mark Delaney wrote in a note to investors. Wall Street is generally supportive of the deal as well, with Ford owners (and presumptive owners) receiving a big benefit that could help sell more of the company’s EVs. "The Ford/Tesla deal will cause some initial disruption in the industry, but it will prove to be good for the consumer in the long run." "Ford blindsided the entire industry with this brilliant move and solidified its position as a leader in the transition to electric vehicles," said Tom Moloughney, EV charging expert and senior editor at InsideEVs to Yahoo Finance. Reaction across the automotive world was mixed, but one thing was for certain: it was a shock. Ford did reiterate that its own BlueOval Charge Network of 10,000+ fast chargers would still be available, giving Ford owners more choice, and a big leg up on the competition with Tesla’s network on tap. Likewise Musk, who has been known to denigrate traditional automakers though has in the past shown an affinity for Ford, said, "I have a tremendous amount of respect for Ford as a company, and they make great vehicles," adding "it’s an honor to be working with a great company like Ford."įarley cited the Tesla’s supercharger network’s ease of use and reliability as key differentiators for using the service. was incorporated in 2003 and is headquartered in Austin, Texas.Jim Farley, CEO of the Ford Motor Company talks during the official launch of the Ford F-150 electric truck in April 2022. The company was formerly known as Tesla Motors, Inc. The Energy Generation and Storage segment engages in the design, manufacture, installation, sale, and leasing of solar energy generation and energy storage products, and related services to residential, commercial, and industrial customers and utilities through its website, stores, and galleries, as well as through a network of channel partners and provision of service and repairs to its energy product customers, including under warranty, as well as various financing options to its solar customers. This segment also provides sedans and sport utility vehicles through direct and used vehicle sales, a network of Tesla Superchargers, and in-app upgrades purchase financing and leasing services services for electric vehicles through its company-owned service locations and Tesla mobile service technicians and vehicle limited warranties and extended service plans. The Automotive segment offers electric vehicles, as well as sells automotive regulatory credits and non-warranty after-sales vehicle, used vehicles, retail merchandise, and vehicle insurance services. ![]() It operates in two segments, Automotive, and Energy Generation and Storage. ![]() designs, develops, manufactures, leases, and sells electric vehicles, and energy generation and storage systems in the United States, China, and internationally.
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