This week, Rivian agreed to adopt the North American charging standard. Ford and General Motors in making their EVs able to use Tesla's supercharging network. If you build it, the EV makers will come. Motleyful Money starts now.
Rivian, Ford, and General Motors are all on-board to make cars that can use Tesla’s charging standard. But this collaboration won’t slow down the competition in electric vehicles any time soon.
(00:12) Asit Sharma and Dylan Lewis discuss:
- Why Rivian, Ford, and General Motors are signing on to make cars work with Tesla’s North American Charging Standard (NACS).
- What’s behind Tesla’s 140% jump in shares so far in 2023
- Hyuandai’s $28B 10-year commitment to EVs and the Chinese government’s new $72B tax break program.
NOTE: In the discussion, we accidentally refer to the combined charging standard as “CSS” instead of “CCS”
(12:30) Ricky Mulvey caught up David Johnston, a vice president of asset protection and retail operations for the National Retail Federation to take a look inside retail crime syndicates and what's being done to stop them.
Companies discussed: TSLA, F, GM, LOW, TGT, HD, CVS
Host: Dylan Lewis
Guests: Asit Sharma, David Johnston, Ricky Mulvey
Producer: Ricky Mulvey
Engineers: Tim Sparks
Learn more about your ad choices. Visit megaphone.fm/adchoices