8/16/2023 0 Comments Yahoo finance teslaResearch 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. Jim Farley, CEO of the Ford Motor Company talks during the official launch of the Ford F-150 electric truck in April 2022.
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