Hi everybody and welcome back to the Elon Musk podcast, your go-to source, for all things related to the world of tech electric vehicles, in the man himself, Elon Musk. And in this episode, we're diving into the groundbreaking announcement. That has everybody talking General Motors strategic partnership with Tesla, from superchargers to Twitter spaces, will Analyze This game-changing. Collab. That's redefining the EV
landscape. Up. And as the competition for electric vehicle dominance continues to rev up, Detroit's renowned automaker General. Motors is making a strategic move following the trail. Blazed by its Crosstown rival. Ford Motors, GM has announced a groundbreaking partnership with Tesla. The Undisputed Global leader in electric vehicles. This Alliance will integrate Tesla's Advance North American charging Network and Technologies into GM's rapidly.
Expanding EV lineup in a deal that signals a Paradigm shift in the electric automobile industry. GM has decided to tap into Tesla's, extensive charging Network adding a significant Advantage for its customers starting next year, GM vehicles will be equipped with an adapter that allows access to over 12,000 of Tesla's lightning-fast superchargers across North America, through the Detroit. Automakers, proprietary EV charging app now.
GM's partnership with Tesla. Also includes a substantial technical change to its upcoming TV models. Beginning in 20, 25 GM will abandon the current industry standard combined charging system the Cs in favor of the North American charging standard. Anacs utilized by Tesla. This decision was initially hinted at when Ford announced a similar transition, aligning itself with Tesla's charging technology during an exclusive interview with cnbc's. Phil Abode GM.
CEO, Mary Barra elaborated on the financial implications. This Monumental deal the decision to ride on Tesla's. Charging infrastructure is projected to save GM up to 400 million dollars. That's a significant portion of its previously announced 750 million dollar investment aimed
at building out. An independent EV charging Network. This strategic move, which allows GM to leverage existing infrastructure instead of buying from scratch and building everything on their own illustrates the significant benefits of cooperating with in the EV industry. Tree and the implications of this deal extend beyond the confines of GM. And Ford though, Tesla's collaborations with a to Leading Detroit. Automakers, validate is charging
technology. I put pressure on others in the industry, including the US government to follow suit with the government investing billions and EV charging Network expansion. The endorsement of Tesla's technology by major industry players, could have far-reaching effects on the future standardization of charging
infrastructure. Now, this shift in Industry Dynamics was applauded by Wall Street analysts, who deemed the Tesla Ford dealer, win-win last month upon the announcement of the GM Tesla collaboration, both automakers stocks experienced a roughly 3%, increase during after-hours trading on Thursday.
Now, the deal was announced by Berra and Tesla CEO Elon Musk during a live audio discussion on Twitter spaces, highlighting the increasing role of social media in business Communications and the Up is a remarkable strategic pivot for GM. Only a few weeks before when Ford publicizes own partnership with Tesla, GM was engaging with SAE International and esteemed engineering organization to improve the open connector standard 40s. The decision to adopt Tesla's.
Nacs instead signifies GM's, willingness to adapt in order to drive the adoption of Evie's on a mass scale bar a expressed her excitement during the brief Twitter spaces discussion. That this opportunity could solidify unified standard for North America, a move that would further enable mass adoption for EVS now, there was an element of novelty to this announcement.
The Twitter spaces conversation. Mark bar is first tweet since October 27th and this was because she and GM had stopped using the platform after musk became its owner GM. Also ceased advertising on Twitter at that time. Now, however, Barra mention in a post discussion, Interview with CNBC that the company may consider reinstating, its
advertising on the platform. Indicating a potential thaw in relations, the alliance between GM and Tesla much like Ford's is expected to be mutually beneficial. It will effectively double the access to fast chargers for GM and Ford customers while simultaneously increasing the utilization of Tesla's expansive network with Tesla Supercharger stations, reportedly numbering about 5,000, Worldwide. Possessing, roughly 45,000 supercharger connectors.
The partnership is set to boost the convenience and accessibility for GM customers. Although the company hasn't specified, how many of these are in the US Department of energy asserts that the country has approximately 5,300 CCS fast.
Chargers now, Tesla had previously hinted at the possibility of sharing his private charging network with other EV manufacturers earlier this year, White House officials announced that Tesla had committed To opening up 7,500 of, it's charging stations to non Tesla, EV drivers by the end of 2020. For a during the Twitter spaces, discussion must clarify, that there wouldn't be preferential treatment for Tesla owners at the companies.
Charging stations. Saying, the most important thing is that we've witnessed the electric vehicle Revolution musk said, highlighting, an inclusive vision of an all even playing field for every EV owner now. This stance, underscores Tesla's commitment to the overall growth of EV Market instead of just their own market share in their own Vehicles.
The public charging of EVS is a significant concern for prospective buyers and no automaker other than Tesla has successfully establish its own comprehensive Network to date. Instead these automatic areas have historically formed Partnerships with third-party companies which have often proved unreliable and inconvenient for the owners of the EVS Moc West Drive Hours, typically cover distances from home to nearby locations, like work or to go get groceries.
However, the prospect of longer road trips or the lack of access to a home-based charger. Presents a dilemma for potentially V owners and the uncertainty surrounding access to Dependable. Public charging can act as a deterrent and by gaining access to Teslas extensive supercharger Network. GM is addressing this anxiety. Head on a strategic move likely to accelerate the adoption of its EVS. Everyone else is Eevee's as
well. And the partnership could provide GM with a much-needed boost to match or even exceed test the level sales volumes in the electric vehicle segment. Now GM's partnership with Tesla isn't Just A smart business
strategy though. It's a step toward the future of transportation and it highlights the increasing importance of collaboration in the EV industry as automakers collectively work towards a sustainable electric future and as GM accelerates the Action of it's fully electric vehicles. This partnership solidifies Tesla's position is a valuable Ally and a resource rather than a competitor. Thanks for listening to the Elon Musk podcast today.
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