Following the announcement Ford owners will have access to Tesla superchargers next year, the Yahoo Finance Live team discusses the partnership between the auto giants.
JULIE HYMAN: Ford and Tesla are hitting the has on their partnership, or maybe hitting the accelerator might be more accurate, announcing yesterday that Ford EV owners will have access to Tesla's 12,000 superchargers in the US and Canada beginning early next year. Diane, this reminds me sort of like of Apple and Android devices.
DIANE KING HALL: Right.
JULIE HYMAN: And what if you actually had adapters--
DIANE KING HALL: Right?
JULIE HYMAN: --that the companies themselves sold.
DIANE KING HALL: Exactly.
JULIE HYMAN: So this is really fascinating. Ford will--
DIANE KING HALL: Will now have access, yep.
JULIE HYMAN: --now have adapters to use the Teslas, and eventually--
DIANE KING HALL: 12,000 of them.
JULIE HYMAN: --the cars will be made with that adapter in the car. So I guess there would be two different ports perhaps in those Ford vehicles.
DIANE KING HALL: Exactly. And we teased this earlier saying from rivals to partner, so it was kind of unexpected because when they announced they were doing this Twitter Spaces-- another Spaces chat-- that it was going to be--
JULIE HYMAN: This one seemed to go OK.
DIANE KING HALL: --yes, exactly. It wasn't-- you know, the didn't suffer the glitches as the DeSantis announcement did. But it was-- I just expected it kind of just be a conversation, not necessarily an announcement of a partnership here. So kind of coming together, bringing the old in terms of the historic footprint that Ford has.
Musk commented on and praised really Farley-- Ford's Farley, its CEO-- about how they were able to stave off bankruptcy, you know, back in the day. And so you can see him trying to bring them together. And you can see both their share price is gaining ground as a result of that partnership. So we'll certainly be watching that. You know, and Ford also first to the race in terms of the pickup side of EV.
JULIE HYMAN: Right. So just one more point to make on all of this. There has been some reporting that some Tesla drivers are a little bit annoyed at this. They're concerned already because they say there are delays at times at the charging station. So now if there are going to be Ford vehicles also--
DIANE KING HALL: Yeah.
JULIE HYMAN: --that will be lining up, that that could create a little more congestion. Of course, Tesla, as well as the federal government for that matter, is talking about building out these charging networks--
DIANE KING HALL: Right.
JULIE HYMAN: --in a very decided fashion. So maybe that will alleviate some of that, but that's not going to happen overnight.
DIANE KING HALL: I know, but that also feels a little bit of a "you can't sit with us." So I don't know. [LAUGHS]
JULIE HYMAN: Fair.
DIANE KING HALL: I don't know. We'll see what happens with that.