Two weeks ago, Ford Moter company $F announced they would adopt the North American Charging Standard (NACS) developed by Tesla $TSLA. Of course, they cannot retrofit the plug into the vehicles. They, therefore, will provide adapters and software integration (API access) to allow current models and future models produced until 2025 to access the Tesla Supercharger network.

The connectors will be built into the car from 2025 on wars into their next-generation vehicles - https://shareholder.ford.com/Investors/news/default.aspx

Last night, General Moter company $GM followed suit and announced an almost identical commitment. New vehicles from 2025 will contain the NACS; in the meantime, there will be adapters and software integration (API access) for current models until the switchover.

(1) I suspect that other car manufacturers will follow suit. Why would they not? The car industry is changing rapidly, and cashflows will be prioritised successfully transitioning to EVs. Tesla foresaw the issues surrounding charging EVs and built a comprehensive network that works far better than standalone providers such as Electrify America $EVGO and ChargePoint $CHPT.

(2) I don't believe this will be a massive boon for Tesla regarding the monetary value, but it will open the door for future licensing and collaboration. Self-driving software and Chips are the most obvious that come to mind. Again, I ponder the question - In the face of watching your old business and cash cow dwindle, it will be challenging to transition to profitable EVs, which the likes of $GM and $F have mentioned won't happen for years to come, if you have to divert funds to extended areas of development AND in a relatively short period.

(3) Shareholder implications - There is no doubt this is great for sentiment, and in the short term, this can significantly affect the stock price. Narratives and stories can push a stock beyond disbelief and bulls will argue and defend the rise whilst bears will scorn the same. I'm not going to argue either way however I will say that these developments push back on the argument that the 'competition is coming' and 'it will be easy to catch up'.

Disclosure - I'm long $TSLA in stock and option calls.