Get 40% Off
👀 👁 🧿 All eyes on Biogen, up +4,56% after posting earnings. Our AI picked it in March 2024.
Which stocks will surge next?
Unlock AI-picked Stocks

Take That, Elon Musk! Ford F-150 Lightning Gives Tesla Model 3 A Boost

Published 17/08/2022, 19:09
Updated 17/08/2022, 19:40
© Reuters.  Take That, Elon Musk! Ford F-150 Lightning Gives Tesla Model 3 A Boost

There are presently more than 46,000 public EV charging stations in the United States, with a total of more than 115,000 individual (EVSE) charging ports, according to the Alternative Fuels Data Center of the Department of Energy.

Elon Musk’s Tesla Inc (NASDAQ: TSLA), however, operates 16,103 Superchargers in 1,826 stations worldwide; these include 908 stations in the U.S., 98 in Canada, 16 in Mexico, 520 in Europe, and 398 in the Asia/Pacific region.

But, Ford Motor Co (NYSE: NYSE:F) offers Tesla (and other EVs) with an additional 4,469 charging stations.

More Musk news: Is Elon Musk Joking? Why Manchester United Stock Is Rising Today

How? Each of the 4,469 F-150 Lightning all-electric trucks sold to date can charge a Tesla.

What happened: Twitter Inc (NYSE: NYSE:TWTR) user TravelTeslaDad posted a video on the microblogging platform that shows a new F-150 Lightning equipped with Pro Power Onboard using its "Share Range" to give a Tesla Model 3 some juice at 7 kilowatts per hour.

@LyftGyft charging @justin_horn model 3 pic.twitter.com/MI6SmWWF5R

— Muñoz Jr.(@TravelTeslaDad) August 13, 2022

Ford’s elective Pro Power Onboard generator has built-in electrical outlets to power tools, electronics, and appliances. It will also charge other EVs using its "Share Range" feature.

Why it matters: For instance, the Share Range can provide a Mustang Mach-E with 20 miles of range each hour of charging. Even if that's not much, it'll be enough to move a stuck car to safety. The F-150 Lightning with the extended-range battery can also power a house for up to three days.

3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or remove ads .

Tesla’s much-anticipated Cybertruck will rival Ford’s F-150 Lightning when production and delivery starts. Musk says that the final Tesla Cybertruck design is “finally locked,” and updated the timeline to production for mid-2023.

Photo: Courtesy of ford.com and Daniel Oberhaus on flickr

© 2022 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

Read at Benzinga

Read the original article on Benzinga

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.