Rivian Joins Ford and GM on Tesla's Supercharger Network. Will Other Automakers Follow?
Over the past 15 years, (NASDAQ: TSLA) has gone from enigmatic start-up to household name. The company single-handedly popularized electric vehicles (EVs) for the masses, starting a movement that soon attracted a flood of competition. A host of new rivals brought with it numerous different charging connectors, with each automaker vying to make theirs the industry standard.
The tide has turned decidedly in Tesla's favor over the past month. Ford was the first to announce that it would join Tesla's Supercharger network and adopt the company's North American Charging Standard (NACS) connector. A similar statement by General Motors soon followed. Just yesterday, news broke that rival Rivian would also adopt the NACS standard and join Tesla's Supercharger network.
Given the undeniable trend taking place before our very eyes, has it become virtually inevitable that other automakers will follow suit? Several recent reports provide a clue.
Source Fool.com
Tesla Inc Stock
Currently there is a rather positive sentiment for Tesla Inc with 75 Buy predictions and 28 Sell predictions.
As a result the target price of 246 € shows a positive potential of 28.81% compared to the current price of 190.98 € for Tesla Inc.
