![]() Musk complains of too much work after taking over Twitter. Latest move brings total sold to $36 billion in the past year.Īnd I could go on and on with these tweets. Billionaire unloads $4 billion more worth of EV maker's stock. Musk sells another batch of Tesla shares despite vowing to stop. And that's when we got some of this negative price action here and we started seeing some of these stories develop. In order for Elon to purchase that $40 billion-plus purchase price, he had to sell a lot of Tesla stock. However, we do know that this was expensive for Tesla. And the thing is the Tesla story doesn't really start coming into its own until you start getting into that Twitter purchase. Its peak was actually a month or two before this in November of last year. Tomorrow, we're going to talk about some of the indices.īut I wanted to chart Tesla. And we've got a lot to get into the rest of this week. You combine that with what's happened with Twitter. Is this any surprise? This just has been the perennial ticker. But at the very forefront of this list is, number one, Tesla. And you can see our top 10 trending tickers. Well, I decided to put on my party hat here. And who is better to talk about that than Yahoo Finance's Jared Blikre? He's got the first of 2022's trending tickers. At Yahoo Finance, we covered so many trending tickers this year. And some individual stocks had their time in the spotlight. SEANA SMITH: We will see how this all plays out.Yahoo Finance Live’s Jared Blikre breaks down the top 10 trending tickers of 2022. So there is a possibility for that to be the next standard. Why not use that NACS standard that seems to work well. Tesla will live on its own like it's always been doing that for over the past 10 years.īut now with Ford joining forces with them, it makes you really kind of think it's possible maybe a Hyundai or a Kia, someone like that, says, you know what? We want to actually hop on that service, too, and not rely upon our own cobbled together networks of like ChargePoint, EVgo, Electrify America, all these different players that sort of don't work together very well. Before this Ford deal, I would have said the CCS universal standard will probably be the main one. PRAS SUBRAMANIAN: Yeah, I mean, this is sort of- a Bloomberg writer said, this is like a Betamax versus VHS situation, where there's two competing standards. There's two very different ways to charge EVs, which you would think could potentially limit adoption at some point. Because there has been this massive push, obviously, for a universal charging experience, yet you still have two big players. ![]() SEANA SMITH: Well, what do you think happens to that? Because I think that's a big question that everyone's asking right now. But the big question is, what happens to the universal CCS standard that you see right there that GM and other people use. ![]() Maybe $1 to $3 billion in revenue down the line when this is kind of up and coming up and going and other manufactures may hop in on there. It unlocks some incremental revenue for them. ![]() So I see why they did it.įor Tesla itself, also a good move. They're always working, and they have plenty of actually chargers. GM, sorry, Ford CEO Jim Farley said this is a good move, because they think their customers are complaining about reliability and ease of use, and the Tesla network has those kind of situations solved. So a big deal in the sense that these two rivals joined forces together. All new Ford EVs will have the Tesla NACS or North American Charging Standard plug natively built into that car, meaning that car will be able to go to any supercharger without an adapter and start using those natively right away. Starting next year, they'll be able to use Ford EVs using the Tesla supercharger network, which is 12,000 superchargers in the US.Īnd then in 2025, even bigger news. Ford joining forces with, essentially, is its rival, Tesla there. People were surprised by the actual move itself. PRAS SUBRAMANIAN: mean, this deal was announced ahead of the holiday weekend. Now, the recent deal putting two of the biggest US auto companies on Tesla's charging network, and Pras, this really raises the question just about the future of EV charging and what could potentially maybe be the standard, if it's going to be Tesla superchargers. Ford's EV customers will be able to use thousands of Tesla superchargers starting next spring. In late May, Ford jolted the EV charging space after its game-changing agreement with its rival, Tesla. SEANA SMITH: Well, shifting gears now to the world of electric vehicles. ![]()
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