Tesla shares also surged heading into the holiday weekend—tacking on nearly the entirety of Ford’s market cap.
Topline
Shares of Ford and Tesla rallied Friday after the companies announced Ford electric vehicle owners can now plug in their car in one of Tesla’s 12,000 fast charging stations nationwide, a rare partnership between the legacy automaker and its younger but vastly more valuable peer.Key Facts
Ford’s stock spiked 7.4% by early afternoon, set for its largest daily gain since October as investors digested the news first shared by Ford CEO Jim Farley during a Twitter Spaces conversation Thursday with Tesla and Twitter CEO Elon Musk.
