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Tesla Unveils Quick-Swap Battery Stations

By  +Follow June 21, 2013 11:19AM
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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:

 

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Results for TSLA
kenr0966
4 Aug 15 17:59:16
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Ashley Senn
4 Aug 15 17:58:40
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Jon Gullett
4 Aug 15 17:58:19
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Stock Geek
4 Aug 15 17:56:14
RT @stocknetwork: $ISIS $GOOGL $TSLA Tuesday Market Recap – 8/4/15 - Update from Option Millionaires - Stock Options Chatroom It was... htt…
ToreTrader
4 Aug 15 17:54:41
RT @LadyStockMarket: Acá @OpyMorales nos mandó un drone para que veamos #Tesla desde arriba. $TSLA https://t.co/2rLqrSYHTW
Katherine
4 Aug 15 17:53:18
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itzstockchartz
4 Aug 15 17:49:39
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binaryoptionsocial
4 Aug 15 17:48:46
RT RedDogT3: Daily Recap: Video and look ahead. $spy $qqq $xlf $aapl $nflx $googl $fb $fit $tsla $mbly … http://t.co/Csk7miZSkI
Martin Genev
4 Aug 15 17:48:33
RT @SJosephBurns: $AAPL has enough cash to buy: $NFLX $TSLA $TWTR $P Uber Pinterest Spotify Airbnb and have money leftover
OM Daily Wisdom
4 Aug 15 17:48:04
$AAPL $NFLX $TSLA Tuesday Market Recap – 8/4/15 - Update from Option Millionaires - Stock Options Chatroom It was ... http://t.co/wgMXiZjVpi
jake
4 Aug 15 17:47:55
@PRCEarnings any data for $TSLA?
stocknetwork
4 Aug 15 17:36:59
$ISIS $GOOGL $TSLA Tuesday Market Recap – 8/4/15 - Update from Option Millionaires - Stock Options Chatroom It was... http://t.co/E5hHLTU3DD
STRAT Trading
4 Aug 15 17:30:07
$tsla Elon setting himself up for a really bad week
BB20
4 Aug 15 17:29:21
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Rob Elliott
4 Aug 15 17:28:47
RT @WallStJesus: $TSLA CHEAT SHEET: http://t.co/He0lVdmf33
A.J. Khaira
4 Aug 15 17:27:30
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Bradley
4 Aug 15 17:22:23
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Capt Jim
4 Aug 15 17:21:15
RT @WallStJesus: $TSLA CHEAT SHEET: http://t.co/He0lVdmf33
binaryoptionsocial
4 Aug 15 17:20:16
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binaryoptionsocial
4 Aug 15 17:20:13
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binaryoptionsocial
4 Aug 15 17:20:04
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binaryoptionsocial
4 Aug 15 17:20:03
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binaryoptionsocial
4 Aug 15 17:19:31
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binaryoptionsocial
4 Aug 15 17:19:30
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JE$US
4 Aug 15 17:18:54
$TSLA CHEAT SHEET: http://t.co/He0lVdmf33
binaryoptionsocial
4 Aug 15 17:17:34
BlackBerry CrackBerry - http://t.co/MW48H5D7xZ <== #RIMMtards $RIMMQ $BBRYQ $BBRY $TSLA $LNKD $TWTR $GOOGL $SP… http://t.co/XG5hVFJGig
Bill Beatty
4 Aug 15 17:14:47
Published $TSLA estimate on Estimize: +0.02 EPS and +7.45M Revs compared to Wall Street's consensus. http://t.co/BrYLEgZqqu
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4 Aug 15 17:14:14
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PamphletShop
4 Aug 15 17:10:09
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Edward Gofsky
4 Aug 15 17:04:14
RT @chessNwine: NEW POST: Stock Market Recap 08/04/15 {Video} http://t.co/xfnVmZ3g2y $AAPL $DIS $ETSY $PCLN $TSLA
Gavin Martinsson
4 Aug 15 17:00:25
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Somanath
4 Aug 15 16:59:18
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Victor Tellegio
4 Aug 15 16:56:08
Have some $WEN $GOOGL $TSLA going into tomorrow
PamphletShop
4 Aug 15 16:52:45
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Ashley Senn
4 Aug 15 16:52:38
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Omar P Munoz
4 Aug 15 16:50:46
RT @CNBCFastMoney: 4 trades on Disney, Tesla earnings http://t.co/DZNm7sdR8w $DIS $TSLA
Scott Redler
4 Aug 15 16:49:11
Daily Recap: Video and look ahead. $spy $qqq $xlf $aapl $nflx $googl $fb $fit $tsla $mbly http://t.co/7pS7AorB6Z
CNBC's Fast Money
4 Aug 15 16:47:29
4 trades on Disney, Tesla earnings http://t.co/DZNm7sdR8w $DIS $TSLA
PamphletShop
4 Aug 15 16:46:25
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PamphletShop
4 Aug 15 16:46:06
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PamphletShop
4 Aug 15 16:45:56
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Learnstocks101
4 Aug 15 16:45:45
Free video w/setups August 5 "Trading In A Mixed Market" $FB $FL $PCLN $TSLA http://t.co/hTzlo5kIHQ
jedimarkus
4 Aug 15 16:44:19
$TSLA $1 move = .1081 in $NDX Earnings post market close 8/5 Wednesday #GETYOUSOME
Exxon Javier
4 Aug 15 16:40:33
$TSLA Tesla Motors Inc. is expected to report its earnings after-hours on Aug. 5
PamphletShop
4 Aug 15 16:38:45
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PamphletShop
4 Aug 15 16:37:02
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kenr0966
4 Aug 15 16:34:12
RT @hedgefundclone: Buy $TSLA Tesla Ahead Of Q2 Report: Baird http://t.co/2GYSBg9wDQ via @barronsonline
TSLA Speedreader
4 Aug 15 16:33:07
$TSLA #Tesla 4 trades on Disney, Tesla earnings http://t.co/EISdwUmzJr
				
				
By  +Follow June 21, 2013 11:19AM
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