Hi everybody and welcome back to the Elon Musk podcast, your
go-to source, for all things related to the world of tech
electric vehicles, in the man himself, Elon Musk.
And in this episode, we're diving into the groundbreaking
announcement. That has everybody talking
General Motors strategic partnership with Tesla, from
superchargers to Twitter spaces, will Analyze This game-changing.
Collab. That's redefining the EV
landscape. Up.
And as the competition for electric vehicle dominance
continues to rev up, Detroit's renowned automaker General.
Motors is making a strategic move following the trail.
Blazed by its Crosstown rival. Ford Motors, GM has announced a
groundbreaking partnership with Tesla.
The Undisputed Global leader in electric vehicles.
This Alliance will integrate Tesla's Advance North American
charging Network and Technologies into GM's rapidly.
Expanding EV lineup in a deal that signals a Paradigm shift in
the electric automobile industry.
GM has decided to tap into Tesla's, extensive charging
Network adding a significant Advantage for its customers
starting next year, GM vehicles will be equipped with an adapter
that allows access to over 12,000 of Tesla's lightning-fast
superchargers across North America, through the Detroit.
Automakers, proprietary EV charging app now.
GM's partnership with Tesla. Also includes a substantial
technical change to its upcoming TV models.
Beginning in 20, 25 GM will abandon the current industry
standard combined charging system the Cs in favor of the
North American charging standard.
Anacs utilized by Tesla. This decision was initially
hinted at when Ford announced a similar transition, aligning
itself with Tesla's charging technology during an exclusive
interview with cnbc's. Phil Abode GM.
CEO, Mary Barra elaborated on the financial implications.
This Monumental deal the decision to ride on Tesla's.
Charging infrastructure is projected to save GM up to 400
million dollars. That's a significant portion of
its previously announced 750 million dollar investment aimed
at building out. An independent EV charging
Network. This strategic move, which
allows GM to leverage existing infrastructure instead of buying
from scratch and building everything on their own
illustrates the significant benefits of cooperating with in
the EV industry. Tree and the implications of
this deal extend beyond the confines of GM.
And Ford though, Tesla's collaborations with a to Leading
Detroit. Automakers, validate is charging
technology. I put pressure on others in the
industry, including the US government to follow suit with
the government investing billions and EV charging Network
expansion. The endorsement of Tesla's
technology by major industry players, could have far-reaching
effects on the future standardization of charging
infrastructure. Now, this shift in Industry
Dynamics was applauded by Wall Street analysts, who deemed the
Tesla Ford dealer, win-win last month upon the announcement of
the GM Tesla collaboration, both automakers stocks experienced a
roughly 3%, increase during after-hours trading on Thursday.
Now, the deal was announced by Berra and Tesla CEO Elon Musk
during a live audio discussion on Twitter spaces, highlighting
the increasing role of social media in business Communications
and the Up is a remarkable strategic pivot for GM.
Only a few weeks before when Ford publicizes own partnership
with Tesla, GM was engaging with SAE International and esteemed
engineering organization to improve the open connector
standard 40s. The decision to adopt Tesla's.
Nacs instead signifies GM's, willingness to adapt in order to
drive the adoption of Evie's on a mass scale bar a expressed her
excitement during the brief Twitter spaces discussion.
That this opportunity could solidify unified standard for
North America, a move that would further enable mass adoption for
EVS now, there was an element of novelty to this announcement.
The Twitter spaces conversation. Mark bar is first tweet since
October 27th and this was because she and GM had stopped
using the platform after musk became its owner GM.
Also ceased advertising on Twitter at that time.
Now, however, Barra mention in a post discussion, Interview with
CNBC that the company may consider reinstating, its
advertising on the platform. Indicating a potential thaw in
relations, the alliance between GM and Tesla much like Ford's is
expected to be mutually beneficial.
It will effectively double the access to fast chargers for GM
and Ford customers while simultaneously increasing the
utilization of Tesla's expansive network with Tesla Supercharger
stations, reportedly numbering about 5,000, Worldwide.
Possessing, roughly 45,000 supercharger connectors.
The partnership is set to boost the convenience and
accessibility for GM customers. Although the company hasn't
specified, how many of these are in the US Department of energy
asserts that the country has approximately 5,300 CCS fast.
Chargers now, Tesla had previously hinted at the
possibility of sharing his private charging network with
other EV manufacturers earlier this year, White House officials
announced that Tesla had committed To opening up 7,500
of, it's charging stations to non Tesla, EV drivers by the end
of 2020. For a during the Twitter spaces,
discussion must clarify, that there wouldn't be preferential
treatment for Tesla owners at the companies.
Charging stations. Saying, the most important thing
is that we've witnessed the electric vehicle Revolution musk
said, highlighting, an inclusive vision of an all even playing
field for every EV owner now. This stance, underscores Tesla's
commitment to the overall growth of EV Market instead of just
their own market share in their own Vehicles.
The public charging of EVS is a significant concern for
prospective buyers and no automaker other than Tesla has
successfully establish its own comprehensive Network to date.
Instead these automatic areas have historically formed
Partnerships with third-party companies which have often
proved unreliable and inconvenient for the owners of
the EVS Moc West Drive Hours, typically cover distances from
home to nearby locations, like work or to go get groceries.
However, the prospect of longer road trips or the lack of access
to a home-based charger. Presents a dilemma for
potentially V owners and the uncertainty surrounding access
to Dependable. Public charging can act as a
deterrent and by gaining access to Teslas extensive supercharger
Network. GM is addressing this anxiety.
Head on a strategic move likely to accelerate the adoption of
its EVS. Everyone else is Eevee's as
well. And the partnership could
provide GM with a much-needed boost to match or even exceed
test the level sales volumes in the electric vehicle segment.
Now GM's partnership with Tesla isn't Just A smart business
strategy though. It's a step toward the future of
transportation and it highlights the increasing importance of
collaboration in the EV industry as automakers collectively work
towards a sustainable electric future and as GM accelerates the
Action of it's fully electric vehicles.
This partnership solidifies Tesla's position is a valuable
Ally and a resource rather than a competitor.
Thanks for listening to the Elon Musk podcast today.
I appreciate your support and I appreciate you spending the time
here with me today. Now, if you could take a second
and hit the Subscribe or follow button on whatever podcast
platform you listening on right now.
That would be amazing, it would help the show tremendously.
So thank you for that. Also, please take care of selves
and each other and I'll see you in the next one. selves and each
other and I'll see you in the next one.