Why Tesla Stock Popped on Christmas Eve

Tesla (NASDAQ: TSLA) stock investors received an early Christmas gift from Hyundai (OTC: HYMTF) this morning: at least 112,000 new potential customers for its Supercharger electric car charging system.Tesla stock is up 4.5% through 10:45 a.m. ET on the news.Tesla spent the bulk of 2023 reporting a series of alliances with other carmakers around the world, in the form of announcements that these other carmakers -- Hyundai, Honda, GM, Ford Motor Company, and others -- would switch their electric cars' primary charging technology from the putative "Common Charging System" for all carmakers, to Tesla's North American Charging Standard (NACS) instead. In Hyundai's case, the switchover began in Q4 2024 -- as in, from now onwards, all Hyundai electric vehicles should be sold exclusively with NACS charging connectors. Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool