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Tesla's stock extends rally after General Motors joined Ford in adopting the EV leader's charging tech

Tesla's stock extends rally after General Motors joined Ford in adopting the EV leader's charging tech
  • Tesla's stock has extended gains following General Motors' decision to adopt the EV leader's charging plug standard.

  • The agreement means three of the biggest sellers of electric vehicles in North America will use Tesla's charging tech.

  • Wedbush's Dan Ives said this is "a large monetization opportunity" for Elon Musk's company.

Tesla's stock extended gains in Friday's pre-market trading following General Motors' decision to join Ford in adopting the EV charging tech and network developed by Elon Musk's company.

The shares jumped 6.1% today, adding to Thursday's 4.6% gain that came after the agreement was announced.