Ford and Tesla Team up in Blockbuster EV Deal

Just as the country was packing up for one of the biggest travel holidays of the year — Memorial Day weekend — Ford and Tesla dropped a bomb. [Outsider Club Header] Jun 06, 2023 by Jason Simpkins for the Outsider Club Ford and Tesla Team up in Blockbuster EV Deal Just as the country was packing up for one of the biggest travel holidays of the year — Memorial Day weekend — Ford and Tesla dropped a bomb. Ford CEO Jim Farley joined Tesla CEO Elon Musk on Twitter to announce a new partnership. The crux of it is that, starting next year, Ford EVs will gain access to the 12,000 Tesla Superchargers spanning North America by way of an adapter supplied by Tesla. That is, most EV manufacturers use something called the CCS standard, but Tesla’s charging plug — the North American Charging Standard (NACS) — is unique. The adapter expands Ford owners’ access to Tesla charging stations, and in 2025, Ford will offer next-generation electric vehicles with the NACS connector built in. It’s a smart move. Tesla has built out a robust network of charging stations that spans the country, and its NACS is smaller, lighter, and more efficient than the CCS. In fact, it’s reportedly twice as powerful. [Tesla EV charger] Additionally, the Tesla Supercharger experience is regarded as "plug and play." That means once the plug is connected to the car, the NACS system knows it, has billing information already on hand, and begins charging. With other networks, an app or charger interface is required and payment info needs to be entered in before charging begins. [If You Can Spare 50 Bucks... Do THIS With It]( If you have $50 to spare... that's great! You can send it to any one of a select group of companies (out of 101 available) to take part in an unusual retirement plan that cannot be advertised by law but that is perfectly legal. What's so great about it? This plan is minting millionaires like clockwork. I've seen meat cutters, grocery shelf stockers, and everyday mom and pops collecting millions in benefits. If you want more details, we put together a report showing you everything, including how to take advantage of it.[Check it out here.]( So, truly, this deal is a win-win-win: - Ford gets a leg up on the competition that’s still tethered to the CCS with no Tesla access. - In return, the new traffic from Ford will boost Tesla’s Supercharger revenue. - A class of EV consumers now have broader access to more (and better) charging stations. There’s something else, too. Namely, the Biden administration has made a huge effort to promote EVs. Since President Biden took office, the number of electric vehicle sales has tripled, and the number of publicly available charging ports has grown by over 40% The president also set a goal of having half of all new vehicle sales be electric by 2030. To advance that objective, the Inflation Reduction Act added and expanded tax credits for EV purchases. It also put $7.5 billion into an EV charging station buildout — a pot of money Elon Musk can get a piece of now that he’s opened Tesla’s charging stations up to competitors. As a result, the number of EVs on American roads could explode from 1.7 million cars at the start of 2023 to 26.4 million by the end of this decade — a 15x increase. Still, for that to happen, there needs to be a rapid and robust increase in charging stations. $6 Billion in Funding Going to a Single Company? Biden has been dishing out funding as if these are his last days on Earth. He’s handed out more than $2 trillion in funding during his first few years in office. One of his biggest goals is to develop the future of energy. Shockingly, it has nothing to do with fossil fuels OR renewables. A full $6 billion is headed to an industry dominated by one tiny Virginia-based company. A few critical patent approvals means very few others are on the shortlist. And early investors in this game-changing technology could reap a massive windfall. [You need to immediately check this one out for yourself.]( There are just about 51,000 public charging stations across the country, according to the Department of Energy, and over 14,000 of them are located in California, while coverage in the upper Midwest — Iowa, Nebraska, North Dakota, South Dakota, and Wyoming — is terribly sparse. So there’s a lot of work to be done, and in short order. It took a century of painstaking expansion to saturate the continent with gas stations. EVs don’t have that kind of time, but the Ford-Tesla deal will help get us there. [Meanwhile, investors looking to get in on the trend can capitalize on a little-known program of their own.]( That is, you can collect income from EV charging stations through something called [“Plug-in Payouts.”]( All told, "Plug-in Payouts" generated $563.3 million in income for investors last year, and that amount is set to explode even higher as more and more EVs hit the road. But most importantly, the next payout is set to go out on June 21. So if you want to get in on the action, you have to act fast. [Get the details here.]( Fight on, [Jason Simpkins Signature] Jason Simpkins [follow basic]([@OCSimpkins on Twitter]( Jason Simpkins is Assistant Managing Editor of the Outsider Club and Investment Director of Wall Street's Proving Ground, a financial advisory focused on security companies and defense contractors. 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