Future

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 Neither the author, Tim Fries, nor this website, The Tokenist, provide financial advice. Please consult our&nbsp;<a href="https://tokenist.com/terms-of-service/" style="text-decoration:underline;color:#3c7b7b" target="_blank" rel="noreferrer noopener" class="deco-link">website policy</a>&nbsp;prior to making financial decisions.
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<p class="has-drop-cap">General Motors (NYSE: GM) <a href="https://apnews.com/article/general-motors-gm-ev-charger-tesla-513b6196d024cf62f5ac4149f48f9e4b" target="_blank" aria-label="announced (opens in a new tab)" rel="noreferrer noopener nofollow" class="deco-link">announced</a> Wednesday that its electric vehicles will now have access to Tesla’s extensive Supercharger network, marking a significant milestone in the evolution of electric vehicle charging infrastructure. The move comes as GM’s stock experiences a notable uptick, reflecting investor confidence in the automaker’s electric future.</p> 
<h3 id="gm-s-electric-vehicle-charging-expansion">GM’s Electric Vehicle Charging Expansion</h3> 
<p>General Motors has updated software in its electric vehicles, granting customers access to 17,800 Tesla Supercharger plugs nationwide. The announcement, made on September 18, 2024, comes 15 months after GM first revealed plans to adopt Tesla’s EV charging plug. Owners of electric Chevrolet, Cadillac, and GMC vehicles can now purchase “GM approved” Tesla adapters for $225 through each brand’s smartphone app. Future GM vehicles will come with Tesla’s charging port natively installed.</p> 
<p>The collaboration introduces the North American Charging Standard (NACS), also known as the SAE J3400 fast charging plug. This standard, which nearly every major automaker has committed to adopting, begins with a software update and adapter use. Within a few years, automakers plan to produce EVs with NACS ports built directly into vehicles, eliminating the need for adapters.</p> 
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<h3 id="gm-stock-performance-and-financial-overview">GM Stock Performance and Financial Overview</h3> 
<p>As of 12:07 PM EDT on the day of the announcement, GM’s stock price stood at $48.55, up $1.03 or 2.17%. The company’s year-to-date return reached an impressive 36.26%, with a one-year return of 44.58%. Despite a slight dip of 3.19% over three years, the five-year return remained strong at 32.77%.</p> 
<p>GM’s market capitalization was reported at $54.566 billion, with a trailing <a href="https://tokenist.com/investing/p-e-ratio/" rel="dofollow" class="deco-link">price-to-earnings ratio</a> of 5.34 and a forward P/E of 4.85. The company’s financial highlights include a trailing twelve-month revenue of $178.09 billion and a net income available to common shareholders of $11 billion. With a diluted <a href="https://tokenist.com/investing/how-to-value-a-stock/" rel="dofollow" class="deco-link">earnings per share</a> of $8.90 and total cash of $23.43 billion, GM maintains a solid financial position in the competitive auto manufacturing industry.</p> <iframe src="https://tokenist.substack.com/embed" width="100%" height="320" style="border:1px solid #EEE; background:white;" frameborder="0" scrolling="no"></iframe> 
<p><em>Disclaimer: The author does not hold or have a position in any securities discussed in the article.</em></p> 
<h3 id="br"><br></h3> 
<p>The post <a rel="nofollow" href="https://tokenist.com/gm-vehicles-can-now-access-tesla-supercharger-network-stock-gains/">GM Vehicles Can Now Access Tesla Supercharger Network, Stock Gains</a> appeared first on <a rel="nofollow" href="https://tokenist.com">Tokenist</a>.</p>

GM Vehicles Can Now Access Tesla Supercharger Network, Stock Gains

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