Charging is now moving to a central standard, which may not be good for charging stocks.
When Ford (F 0.69%) announced it's adopting Tesla's (TSLA 4.96%) charging standard in future vehicles, it shook the EV world. But the real impact may be commoditizing plugs and the electricity that goes through them. In this video, Travis Hoium highlights why this may not have the impact you think it does.
*Stock prices used were end-of-day prices of May 27, 2023. The video was published on May 30, 2023.
Travis Hoium has positions in General Motors. The Motley Fool has positions in and recommends Tesla. The Motley Fool recommends General Motors and recommends the following options: long January 2025 $25 calls on General Motors. The Motley Fool has a disclosure policy. Travis Hoium is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through their link they will earn some extra money that supports their channel. Their opinions remain their own and are unaffected by The Motley Fool.
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