With all the issues and threats Twitter has faced over the past week, one of Elon Musk's flagship companies has maintained its strong leadership position.
Tesla, (TSLA) -) the world's leading EV company, recently began to announce partnerships with a series of new and legacy carmakers. Wall Street has taken notice, to say the least: The stock has more than doubled (up 127%) this year.
As the company inches nearer to a $1 trillion market cap amid predictions of true full-self-driving technology, Mercedes-Benz has become the latest legacy carmaker to ink a deal with the Austin EV maker.
DON'T MISS: Tesla Is Partnering Up With Yet Another Legacy Automaker
Mercedes, echoing Ford, General Motors, Volvo and Rivian, announced July 7 that its customers will be gaining access to Tesla's North American supercharger network beginning next year.
The German auto maker (DDAIF) -) said it would also be integrating Tesla's North American Charging Standard into its vehicles starting in 2025. Meantime, Mercedes will offer an adapter to its EV customers.
Tesla's superchargers will show up on Mercedes's navigation systems, enabling its drivers to "seamlessly access the chargers and automatically pay for their charging sessions," Mercedes said.
More Tesla:
- Why Tesla Stock Is Going Through the Roof -- And Where It Could Go Next
- Elon Musk's Latest Tesla Announcement Could Shake Up the Entire EV Industry
- Elon Musk Has a 'Purity' Around Motivation For Game-Changing EV Deal
"To accelerate the shift to electric vehicles, we are dedicated to elevating the entire EV experience for our customers -- including fast, convenient, and reliable charging solutions wherever their Mercedes-Benz takes them," Ola Källenius, chairman of the management board, said in a statement.
Mercedes simultaneously said that it would establish its own network of EV chargers, the first of which will be available by year-end 2023. The company, the first German automaker to sign on with Tesla, by 2030 plans to have more than 2,000 charging hubs including more than 10,0000 charging points worldwide.
