Tesla Inc TSLA shares took off on Friday, trading up more than 5% amid overall strength in the tech industry. The Nasdaq composite traded significantly higher Thursday following NVIDIA Corporation’s NVDA out-of-the-park earnings report and continued that strength into Friday’s trading session.
The company also announced a partnership Ford Motor Co F to allow Ford drivers to use Tesla’s supercharging stations. In order to further the electric vehicle industry, CEO Elon Musk offered other car manufacturers the opportunity to use Tesla’s charging stations. Ford is the first major car company to take the Tesla and Twitter CEO up on his offer.
Read Also: Ford CEO Jim Farley Announces Tesla Supercharger Partnership With Elon Musk During Twitter Space
Price Action: Tesla’s stock traded up 5.52% during Friday’s session at $194.43 , according to data from Benzinga Pro. Tesla’s stock is now up more than 25% throughout the last month.
Other electric vehicle companies like Rivian Automotive Inc RIVN and Nio Inc NIO were also trading higher Friday amid overall strength in the tech industry.
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