actions of Tesla (TSLA.US) And Ford (F.US) They rose 2.5% and 4.5%, respectively, after the announcement of collaboration between the companies and other additional factors. Ford will collaborate with Tesla on charging initiatives for its current and future electric vehicles.
Under the agreement announced by Ford CEO Jim Farley and Tesla CEO Elon Musk, existing Ford vehicle owners will have access to more than 12,000 Tesla Supercharger stations in the United States and Canada beginning next year. In addition, the next generation of Ford EVs is expected to come equipped with Tesla charging plugs, allowing Superchargers to be used without the need for an adapter.
In addition, freight pricing is expected to be “market competitive”. However, details regarding this aspect will be provided closer to the release date.
The magnitude of the stock price rally has been huge for Ford, which has further benefited from a higher recommendation from Jefferies. The agency’s analyst raised his rating to “buy” from a previous “hold” and raised his price target to $16 per share from $13. Jefferies pointed primarily to increased confidence that the Ford team has an action plan in place to improve its ability to meet its goals.
actions of Ford (F.US) They continue to operate in the area defined by the wedge formation demarcated by the resistances marked in red and green. Source: Xstation 5.
Elon Musk, on the other hand, pledged to maintain ties with China during a meeting with Foreign Minister Qin Gang in Beijing, as did other prominent representatives of automotive and technology companies, such as Apple Inc.’s Tim Cook and Mercedes Ola Calenius did it. Benz Group AG. Tesla opposes breaking away from China and is set to continue its expansion in the country. According to unnamed sources, in addition to the official visit, Musk is expected to visit Tesla’s Shanghai factory to discuss the planned introduction of autonomous driving technology in China.
actions of Tesla (TSLA.US) They are currently testing the resistance near the 23.6% Fibonacci retracement level of the bearish wave that started in November 2021. Source: xStation5.
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