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Why Tesla Shares Jumped Higher Today

Why Tesla Shares Jumped Higher Today

The CEOs of Tesla (NASDAQ: TSLA) and Ford (NYSE: F) announced a new arrangement between the two companies last night, and both stocks are popping today because of it. Tesla shares closed higher by 4.7% and Ford by 6.3% on the day. Starting next year, Ford electric vehicle (EV) owners will be able to utilize Tesla's extensive network of Superchargers in the U.S. and Canada.