Ford (NYSE: F) and Tesla (NYSA:TSLA) CEOs Jim Farley and Elon Musk appeared on a Twitter Spaces livestream on Thursday to announce that Ford electric vehicle owners will soon have access to Tesla’s massive EV charging network.
“We don’t have as many EV customers as you do, but we still have plenty, and for them to be able to have this benefit early next year already and not have to buy a new car is, I think, a real statement by you and the Tesla team to be really prioritizing the customer’s experiences,” Farley said to Musk at the livestream.
Ford EV owners will be able to use Ford’s mobile app to charge at Tesla’s 12,000 Supercharger stations. Existing vehicles will need to use an adapter, but Farley also announced that Ford’s next generation of EVs would come with Tesla-style charging ports instead of the Combined Charging System (CCS) chargers used by most other EV markers. Tesla’s charging network is currently bigger than the network of other charging stations using CCS ports.
The partnership makes Ford the first major carmaker to take Musk up on his November 2022 invitation to carmakers to build new EVs using the Tesla charging port, which the company says is twice as powerful as CCS connectors.
“I have a tremendous amount of respect for Ford as a company, and it makes great vehicles. This is something we’re super happy to support,” Musk said during the livestream.
Information for this story was found via Twitter, and the sources and companies mentioned. The author has no securities or affiliations related to the organizations discussed. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.
The Grocery Grift: Why Toronto and New York Are About to Light Taxpayer Money on Fire