Elon Musk's Tesla Makes One Big Move For EV Drivers That GM Agrees With

Tesla  (TSLA) - Get Free Report CEO Elon Musk had a talk on Twitter Spaces with General Motors  (GM) - Get Free Report CEO Mary Barro about the future of electric vehicles.

And the result was a move that was widely appreciated.

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It involved the adoption of Tesla's charging plug standard. The agreement gave GM EV drivers access to the Supercharger network.

Tesla and GM shares both rose about 4% after the announcement. The deal came after Ford's  (F) - Get Free Report related action to welcome the charging plug standard.

READ: Forget Tesla – We’re all-in on this EV stock 

Now Tesla, Ford and GM have changed the perception of difficulties EV drivers face about charging their batteries.

"I think this is just going to be a fundamentally great thing for the advancement of electric vehicles," Musk said during the Twitter Spaces talk.

"I think it all just got a little better," agreed Barra.

"I think we have a real opportunity here to really drive this to be the unit unified standard for North America, which I think will even enable more mass adoption, so I couldn’t be more excited," she added.

Musk also said the advancement of the EV "revolution" was the important thing in his mind.

Investors had previously praised the announcement between Tesla and Ford in May.

This news breaks as General Motors is continuing to increase its production of electric vehicles.

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