Elon Musk has been intent on shaking up the car industry over the last few weeks. On May 25, he announced a partnership with Ford that will give Ford customers access to Tesla's EV charging network. On June 8, he announced that General Motors would be following Ford's example.
The recent partnerships with his own competition seem to be very in line with Tesla's mission to "accelerate the advent of sustainable transport by bringing compelling mass market electric cars to market as soon as possible."
Cathie Wood, CEO and investment lead of Ark Invest -- a longtime fan of (TSLA) -- thinks that these new deals will have a huge impact on the industry.
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"I think it's great for America and our transition to the electric future," Wood told CNBC June 9. "And I do think it increases the probability that our forecast of 60 million electric vehicle sales by '27 is right. Having both (GM) and (F) on this charging network gets us there that much faster."
Wood said that this deal will move the industry closer to accepting and implementing a single charging standard, which could accelerate the popularity of EVs.
"Charging solves the range anxiety problem," she said. "This reminds me of what happens with most technologies that proliferate and scale. There's a standard, and here we have a charging standard."
And though some have said that this partnership will do more to help the competition rather than Tesla itself, Wood said that it will open up the middle part of the country for Tesla.
"If you look at Tesla's sales, they are highly concentrated on the coasts," she said. "Now it's going to make a lot more sense for Tesla to roll out charging stations that much faster throughout the country."
Tesla currently has about 17,000 Supercharger stations -- which can give drivers around 200 miles in just 15 minutes -- across the U.S.
