Ford and Tesla's Surprise EV Partnership Sends Shares Soaring.

Ford Motor Co shares jumped over 7% after announcing a deal allowing its electric-vehicle owners to access Tesla's charging stations in North America. Tesla's Superchargers could become the standard for EV charging in the United States, according to Ford CEO Jim Farley. U.S. Transportation Secretary Pete Buttigieg praised the Ford-Tesla deal, but said the Biden administration would not dictate an EV charging standard. Access to charging stations is considered one of the main hurdles to broader acceptance of electric vehicles.