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Did Tesla Just Give Away Its Biggest Competitive Advantage?

Did Tesla Just Give Away Its Biggest Competitive Advantage?

The Nasdaq Composite (NASDAQINDEX: ^IXIC) and S&P 500 (SNPINDEX: ^GSPC) finished at their best levels of the year, although the Dow Jones Industrial Average (DJINDICES: ^DJI) remains well off its 2023 highs as tech stocks once again took center stage. Tesla (NASDAQ: TSLA) made a big deal with automaker rival Ford Motor Company (NYSE: F), and while the advantages for Ford customers are obvious, it's not entirely clear whether the gains that Tesla will reap from the arrangement will outweigh the potential loss of goodwill from its notoriously loyal customers. Ford and Tesla announced that Ford's electric vehicle customers will get access to the Tesla Supercharger network beginning in early 2024.