Tesla and General Motors are going up on Wall Street after a deal over charging points


Photo: ANP

Tesla and General Motors were among the gainers on the New York Stock Exchange on Friday. Investors welcomed the announcement that General Motors, known from Chevrolet and Hummer, will also use plug-in electric vehicles developed by Tesla for its cars. Thus, owners of General Motors electric cars will be able to use all charging points of the Tesla competitor starting next year in the United States. General Motors shares gained 4 percent.

Tesla gained 5.3 percent. The plug developed by Tesla, the so-called North American charging standard, is the most widely used plug in the United States due to Tesla’s leading position in the field of electric vehicles. At the end of last month, automaker Ford (plus 2.3 percent) was the first to use this standard, so Ford’s electric models can also use Tesla’s charging points. On the other hand, competing fast charging station operators EVgo and ChargePoint fell 7 and 8.1 percent.

Netflix’s subscription-sharing approach has brought new users to the video streaming service. According to a company that monitors streaming services, there haven’t been as many new Netflix sign-ups in the US in years as there have been in the past. Netflix shares rose 2.5 percent.

The general mood on Wall Street remained ambivalent. All attention is focused on the important interest rate decision by the Federal Reserve, which is scheduled for next week. US central bank governors meet on Tuesday and Wednesday to discuss interest rates. The US inflation figure for May will be released on the first day of the meeting. Investors are hoping that the Fed will decide not to raise interest rates further for the time being. However, there is a good chance that even with a rate break, the Fed will hint at the possibility of another hike in July.

Shortly after trading began, the Dow Jones rose 0.1 percent, at 33,869 points. The Standard & Poor’s 500 index rose 0.4 percent to 4,312 points, and the Nasdaq Stock Exchange rose 0.8 percent to 13,347 points.

DocuSign increased 1.8 percent. The company that enables the electronic signing of agreements made more profits than expected in the last quarter. The turnover rate is also higher than expected.

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