Tesla's North American Charging System (NACS) has triumphed as the dominant EV charging protocol, leading Ford and General Motors to shift to Tesla's system.
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Tesla's North American Charging System (NACS) has emerged as the dominant EV charging protocol in the North American market.
Ford and General Motors have both shifted to Tesla's charging system, ending the "charger wars."
Tesla's early investment in building a large charging network has proven successful in overcoming the perception of slow and inconvenient charging for EVs.
Existing or potential investors in Tesla should consider the implications of this development.
Holders of Tesla stock with a good cost basis are advised to sit tight, while caution is advised against buying at current levels.
"Buying the dip" may be a suitable strategy for initiating or adding to a position in Tesla, considering the stock's historical volatility.
The article acknowledges the potential challenges of restoring competitive balance and raises future concerns about antitrust issues in the EV charging market.