© Reuters. Tesla (TSLA) aims to extend record win streak to 14 consecutive sessions
Shares of electric vehicle company Tesla Inc. (NASDAQ:) continue to rise in pre-market trading Wednesday morning, increasing the possibility of a 14-day win streak for the company’s stock price.
Tesla’s shares ended Tuesday with a 3.55% increase, setting a new milestone for the company with a remarkable 13th consecutive session of gains. This achievement surpasses Tesla’s previous record of 11 consecutive days of gains, initially attained in January 2021 and was matched on Friday.
The stock rally follows recent deals with fellow automotive giants, General Motors (NYSE:) and Ford (NYSE:) to adopt and expand Tesla’s North American Charging Standard (NACS) charger network.
On Monday, charging equipment makers Blink Charging (NASDAQ:), ChargePoint (NYSE:), and Tritium (NASDAQ:) said they will offer chargers with Tesla’s connector.
“Given recent announcements by Tesla, GM, and Ford, we are clearly witnessing the continued evolution of the EV charging industry as technologies advance and industry stakeholders come together and evaluate best practices,” Blink said.
In May, Ford said it will allow its electric vehicle customers to use Tesla’s charging stations beginning in 2024. And last week, GM announced a similar deal.
“We want to make it a fantastic electric vehicle experience, whether somebody is driving a car from GM or Tesla,” Tesla CEO Elon Musk told listeners during the GM announcement last week.
Reports Tuesday said that Stellantis (NYSE:) was also evaluating the possibility of adopting Tesla’s NACS.
Shares of TSLA are up 0.42% in pre-market trading on Wednesday.
Read the full article here
