logo  
Sign in or Register

Already a member?

Sign in

Or sign in with your account on:

Not a member yet?

Register
    

Tesla Unveils Quick-Swap Battery Stations

By  +Follow June 21, 2013 11:19AM
Share:
Tickers Mentioned:

Elon MuskIn a presentation on Thursday night, Tesla (TSLA) CEO Elon Musk unveiled a new quick-swap battery option for Tesla Model S owners who want the option to fully charge their vehicle in seconds.

Originally, Tesla’s charging stations only enabled the Model S to charge its battery via plug-in for 30-40 minutes. Now, owners have the option to swap out the old battery for a fully charged battery in around 90 seconds.

The announcement is major news for Tesla because it dismisses a strong case against its vehicles. Previously, if a Model S owner wanted to take a trip across the continental United States, the driver would have to recharge at least 10 times and wait up to 40 minutes per charge.  The battery swap solves this issue entirely.

“What we really wanted to show is that (our cars) can actually be more convenient than a gasoline car,” Musk said. The company also announced that the first battery swap stations will be located off the I-5 in California and along the Boston-DC route to facilitate popular long drives.

In the on-stage presentation, Tesla replaced the batteries of two Model S vehicles in around 93 seconds each. Meanwhile, an Audi A8 on display took around four minutes to fill and cost almost $100.

Each battery swap will cost Model S owners money, but Musk claims it will cost no more than gasoline on a per-mile basis.  Supercharging, however, will remain free.

“The only decision you need to make when you come to one of our Model S stations is do you prefer faster or free?” Musk said. “Hopefully this is what convinces people finally that electric cars are the future.”

On the news, Tesla shares rose around 3 percent early Friday morning and then sold off with the market by afternoon. Shares were off 0.1 percent to $100.47 during afternoon trading.                                                                                       

The video of the presentation is available at this link:

 

DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of equities.com. Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions.


Liked What You Read? Join Equities.com as a contributor and get eyeballs on your content FOR FREE!

Results for TSLA
Capital Market Labs
2 Mar 15 00:53:10
$TSLA Earnings Trend #CML http://t.co/owVyXZ83B4
OM_giveaways
2 Mar 15 00:44:07
Top 5 Stocks of 2015 Free HD Video!!!! $GOOGL $AAPL $TSLA $SSYS $VXX $VIX $SPY $SPX #stocks http://t.co/M2rcBOWo2Z http://t.co/c2Uxpqd4BV
Julie
2 Mar 15 00:37:36
RT @SteadyOptions_: $TSLA, $LNKD, $NFLX, $GOOG: Thank You, See You Next Cycle - https://t.co/1YyEzPVb1K
Craig Smith
2 Mar 15 00:32:39
RT @PipsToDollars: Monday $nflx $googl $gild $aapl $tsla $fsl $mnst $panw $tgt
Stock Hobbit
2 Mar 15 00:25:10
What #sector will you #invest in today? http://t.co/ndv5bWOOj4 $TSLA $SINA $GRMN $SSYS http://t.co/4yd1QAwmpI
Michael Sanzo
2 Mar 15 00:17:42
RT @JustinPulitzer: Weekend Review VIDEO $SPY $IWM $QQQ $AAPL $AMZN $BABA $BIDU $CRM $FB $TWTR $FEYE $CYBR $GOOGL $MNST $NFLX $PCLN $TSLA h…
Dave
2 Mar 15 00:03:15
RT @SteadyOptions_: $TSLA, $LNKD, $NFLX, $GOOG: Thank You, See You Next Cycle - https://t.co/1YyEzPVb1K
PolgarStocks
2 Mar 15 00:03:14
$XLV Stock Price Updated Monday, March 2, 2015 02:07:12 AM $ENIP $QLD $HPQ $TSLA http://t.co/NiNbY4wST7
Langan Stocks
2 Mar 15 00:03:12
$IBN Financials Updated Monday, March 2, 2015 02:03:19 AM $TSLA $TVIX $SQQQ $XLV http://t.co/8FVzR7mc4z
Langan Stocks
2 Mar 15 00:03:11
$XLY Last Price Updated Monday, March 2, 2015 02:03:19 AM $WLL $TSLA $HD $ERX http://t.co/0xxQxLpqDn
James DiPlata
2 Mar 15 00:02:59
RT @CointerraUS: my VIDEO http://t.co/3rUySFnzcA Stk Mkt Analysis $SPY $AAPL $IWM $XLF $SMH $GPRO $BABA $AMGN $IBB $CELG $LVLT $BIDU $TSLA
Rosner Stocks
2 Mar 15 00:02:40
$FXA Company Info Updated Monday, March 2, 2015 01:59:25 AM $TSLA $CYBR $APD $GILD http://t.co/kRU8vCQiTj
IH News Desk
2 Mar 15 00:01:51
$TSLA Stock Forum Updated Monday, March 2, 2015 02:11:04 AM $TAN $GLD $CHK $FDN http://t.co/euluNqkulh
Bertel Schmitt
1 Mar 15 23:51:13
Chinese EV subsidies: Foreigners need not apply. Need JV. $TSLA http://t.co/ugVys5YHW8 via @Ecns
lookn4wins
1 Mar 15 23:41:28
TSLA -1.86% Stock Charts $TSLA Tesla Motors Inc. (NASDAQ) Any opinions on TSLA? Please reply to this post. Las http://t.co/NaEdqV1Qxa
caterina meloni
1 Mar 15 23:17:16
RT @Asia_Desk: Not all pitches are pitch perfect - so weren't some of the greatest ventures of our time $TSLA $AMZN http://t.co/VCPYUyYbvV …
Cointerra USA
1 Mar 15 23:10:06
my VIDEO http://t.co/3rUySFnzcA Stk Mkt Analysis $SPY $AAPL $IWM $XLF $SMH $GPRO $BABA $AMGN $IBB $CELG $LVLT $BIDU $TSLA
Rosner Stocks
1 Mar 15 23:02:18
$DDD Financials Updated Monday, March 2, 2015 00:59:26 AM $CYTX $PSID $TSLA $GENE http://t.co/fHFdGYTWUF
IH News Desk
1 Mar 15 23:01:13
$GENE Reviews Updated Monday, March 2, 2015 01:11:04 AM $TSLA $DDD $PSID $JO http://t.co/ImSPfVg3Fh
Emilio F.
1 Mar 15 22:34:21
RT @InvestWall: 7 stocks Wall Street thinks will soar this year http://t.co/Gb9WmaFfJG $AAL $DAL $MU $YHOO $AA $KORS $TSLA #InvestWall
Grant McMichael
1 Mar 15 22:28:46
RT @PipsToDollars: Monday $nflx $googl $gild $aapl $tsla $fsl $mnst $panw $tgt
Langan Stocks
1 Mar 15 22:01:32
$HOG Company Info Updated Monday, March 2, 2015 00:03:30 AM $HD $GDXJ $TSLA $CTIX http://t.co/oL9il0QSPC
Stock Hobbit
1 Mar 15 21:59:07
What #sector will you #invest in today? http://t.co/ndv5bWOOj4 $TSLA $SINA $GRMN $SSYS http://t.co/1qdhNM6vVU
Cyrus Janssen
1 Mar 15 21:45:33
Amazing branding by @TeslaMotors and the Peninsula Hotel in Tokyo....the fame green car has gone electric! $TSLA http://t.co/VXYOFzDhUg
ProTradersNews
1 Mar 15 21:21:02
$TSLA: Tesla Motors (NASDAQ:TSLA) Reached Its Key Breakthrough With ...: http://t.co/EAfnpl4Onr
TradingView
1 Mar 15 21:20:02
$TSLA - Is TSLA a buy or sell ? - https://t.co/cEo4ks1hM7
Asantha Cooray
1 Mar 15 21:15:53
Of note Renaissance has now sold off all of its $TSLA stake in 4Q 2014, per 3Q 13F. Held close to 2 years with a large buy in 1Q-2Q 2013,
The Asia Desk
1 Mar 15 21:00:53
Not all pitches are pitch perfect - so weren't some of the greatest ventures of our time $TSLA $AMZN http://t.co/VCPYUyYbvV @FortuneMagazine
Langan Stocks
1 Mar 15 20:59:52
$EWY Stock Forum Updated Sunday, March 1, 2015 11:03:17 PM $UVXY $TSLA $MCP $CBM http://t.co/M2yddllcCm
Rosner Stocks
1 Mar 15 20:59:45
$TSLA Opinions Updated Sunday, March 1, 2015 10:59:24 PM $AMZN $XLK $CYTX $UUP http://t.co/cnX7BxUNrt
Swing Trade Warrior
1 Mar 15 20:48:09
SpaceX has successfully launched a Falcon 9 rocket carrying two satellites http://t.co/wTNL2vGVzQ #News $tsla #tesla #spacex #elonmusk
guillermo parra
1 Mar 15 20:47:03
RT @alphatrends: VIDEO http://t.co/tSFOpNMro9 Stk Mkt Analysis $SPY $AAPL $IWM $XLF $SMH $GPRO $BABA $AMGN $IBB $CELG $LVLT $BIDU $TSLA
James DiPlata
1 Mar 15 20:46:34
RT @OsirisWealth: Last wk was great $GOOGL $PCLN $FEYE $CYBR $NFLX $GE $TSLA $SPY $AAPL $AMZN $LNKD $V. Well setup for next week, some big …
ProTradersNews
1 Mar 15 20:41:03
$WMT $AAPL $AMZN $TSLA: Will The Legitimacy Of Bitcoin Devalue World Currencies?: http://t.co/3AJPL6xIO8
Leilani Pips™
1 Mar 15 20:39:16
Monday $nflx $googl $gild $aapl $tsla $fsl $mnst $panw $tgt
KP
1 Mar 15 20:25:18
RT @InvestWall: 7 stocks Wall Street thinks will soar this year http://t.co/Gb9WmaFfJG $AAL $DAL $MU $YHOO $AA $KORS $TSLA #InvestWall
Krishna
1 Mar 15 20:13:11
RT @JustinPulitzer: Weekend Review VIDEO $SPY $IWM $QQQ $AAPL $AMZN $BABA $BIDU $CRM $FB $TWTR $FEYE $CYBR $GOOGL $MNST $NFLX $PCLN $TSLA h…
Mastercoiner
1 Mar 15 20:09:05
my VIDEO http://t.co/IPeJS3MJwq Stk Mkt Analysis $SPY $AAPL $IWM $XLF $SMH $GPRO $BABA $AMGN $IBB $CELG $LVLT $BIDU $TSLA
Scott Bates
1 Mar 15 20:01:31
(1/2): Not that I've done much analysis... But the synergies between $SCTY (and others solars) and $TSLA appear mind-blowing.
InvestWall
1 Mar 15 19:55:11
7 stocks Wall Street thinks will soar this year http://t.co/Gb9WmaFfJG $AAL $DAL $MU $YHOO $AA $KORS $TSLA #InvestWall
Derek Foreal
1 Mar 15 19:52:59
RT “@JKDmobile: Tesla Suv out for a ride on 280, aka the test track. http://t.co/b6P6JhabUU” $TSLA model 3 - model X ?
David Gorg♞
1 Mar 15 19:51:05
Tesla & GM set to begin mass production of electric cars in 2017 for $40k that go 200 miles on single charge. So is Apple. $tsla $aapl $gm
OM_giveaways
1 Mar 15 19:50:09
Top 5 Stocks of 2015 Free HD Video!!!! $GOOGL $AAPL $TSLA $SSYS $VXX $VIX $SPY $SPX #stocks http://t.co/M2rcBOWo2Z http://t.co/0lhBlH8Ujt
Osiris Trading
1 Mar 15 19:45:45
Last wk was great $GOOGL $PCLN $FEYE $CYBR $NFLX $GE $TSLA $SPY $AAPL $AMZN $LNKD $V. Well setup for next week, some big ones cooking..$YELP
Thomas J. Thias
1 Mar 15 19:41:43
@manbitesfilm @BertelSchmitt @InsideEVs MT @TeslaMotors New Company, One Car, All-Electric,Barely Trailing Benz http://t.co/Elqw9jC8tG $TSLA
Trent Blair
1 Mar 15 19:41:29
RT @StockTwits: 5/5: At $770 billion, $AAPL's market cap is greater than the sum of $TSLA + $TWTR + $NFLX + $AMZN + $FB + $IBM + $EBAY.
Carolyn B Miciano
1 Mar 15 19:35:10
Risk management for Options trading http://t.co/pXmRbSL3md $NFLX $PCLN $TSLA
Stephen s
1 Mar 15 19:32:16
RT @IHPosts: Stocks Trending Now: http://t.co/ge4HpDj3w8 $MTL $SNE $UVXY $ARCO $GDXJ $HAL $DRN $MYEC $HSU.TO $MUB $TVIX $TSLA ~
Stephen s
1 Mar 15 19:32:01
RT @stock_forums: Stocks Trending Now: http://t.co/gLXIst6tkJ $HBRM $BTZO $QLD $GE $TSLA $NWBO $GOOGL $MYEC $SOXL $COS.TO $XLB $JPM ~
Stephen s
1 Mar 15 19:31:39
RT @IHPosts: Stocks Trending Now: http://t.co/ge4HpDj3w8 $AMD $SSO $IDGC $TSLA $UNG $AWAY $XFN.TO $XLP $DIA $MYEC $SMVR $ASTI ~
				
				
By  +Follow June 21, 2013 11:19AM
Share:

Comments

 

blog comments powered by Disqus

About us

Equities.com is the most advanced interactive online social ecosystem for the financial industry, serving as a resource center and next-generation communication platform that connects self-directed investors with public issuers, market experts, and professional service providers and vendors. Registered members can leverage our exclusive proprietary research tools such as the Small-Cap Stars, which outperformed 90% of all small-cap mutual funds, and robust do-it-yourself E.V.A. research reports. The Equities.com Issuer Dashboard is the ideal tool to communicate and manage investor awareness campaigns to the investment community, as well as to access valuable resources to help your company grow.

Market Data powered by QuoteMedia.
Copyright © QuoteMedia. Data delayed 15 minutes unless otherwise indicated. Terms of Use.