During the trading session, the stock prices of four companies saw significant increases. Blink Charging rose by more than 10% at one point, Wallbox rose by nearly 9%, Tritium rose by nearly 5%, and ChargePoint rose by nearly 4%. Tesla has been on a twelve-day winning streak, achieving its longest winning streak in over two years.
Not only "Unified North America", Tesla's North American Charging Standard (NACS) is also moving towards "Unified Global". Within one day, companies from four Western countries announced that they will accept Tesla's charging standard.
On Monday, June 12th, local time, ChargePoint Holdings Inc., which claims to operate the largest electric vehicle (EV) charging station network in North America and Europe, Blink Charging Co., which operates EV charging stations in the United States, and Wallbox NV, a Spanish intelligent EV charging and energy management service provider, all stated that they will have chargers that are compatible with Tesla's NACS.
Tritium DCFC Ltd., an Australian EV charger hardware and software manufacturer, also stated that it will provide NACS connector options for its charger products.
The stocks of the four companies mentioned above all rose significantly on Monday. Blink Charging (BLNK) rose more than 10% at one point, Wallbox (WBX) rose nearly 9%, Tritium (DCFC) rose nearly 5%, and ChargePoint (CHPT) rose nearly 4%.
Tesla's stock price approached $250 in early trading, rose more than 2% during the day, and rose nearly 2% at noon, which is expected to continue its 12th consecutive trading day of gains, continuing to set a new record for the longest consecutive daily gain since January 8, 2021, and is expected to set a new closing high since the end of September last year.
After the US stock market closed last Thursday, General Motors announced that it will install the charging port used by Tesla, NACS, in its electric vehicles starting in 2025, instead of the current industry standard CCS, becoming another traditional American automaker that supports Tesla's standards after Ford Motor.
The day after General Motors announced this, Tesla's stock price rose nearly 7.5% at one point on Friday, and rose nearly 4.1% at the close, expanding its cumulative increase for the week to more than 14%, and it has been the second consecutive week of single-week increase of more than 10%.
Subsequently, an article in Wall Street News pointed out that this will be a win-win situation, and other electric vehicle manufacturers can use Tesla's technology to avoid investing a lot of money, and the biggest winner may still be Tesla.
First of all, Tesla will definitely receive additional income from Ford Motor and General Motors electric vehicle owners, and its charging network will also be more fully utilized.
Secondly, the fact that charging technology is used by old competitors indicates that the technology has been recognized by peers, which is of great significance to Tesla, which has been regarded as an enemy by traditional manufacturers for a long time.
Tesla can also receive public electric vehicle charging subsidies provided by the bipartisan infrastructure law passed last year. The White House stated last Friday that charging stations that use the NACS plug standard will be eligible for billions of dollars in federal subsidies as long as they also adopt the CCS charging standard.