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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
Tivoboy
27 Apr 15 10:34:36
$TSLA At the high today would have been a sell IMHO
Realist
27 Apr 15 10:34:25
Deutsche guy forgot to add revenues from Hyperloop, Mars colonies and most important: exclusive import of Spice to $TSLA PT,what an amateur!
Tivoboy
27 Apr 15 10:34:24
$TSLA home bat MAY increase revs. and MAY be a good mkt but it won't add to ANYTHING in the near term 12-18 months. IMHO
Nagesh Rao,Duvvuri
27 Apr 15 10:32:52
RT @TheStreetTech: Tesla's Battery Opportunity Could Be Worth More Than Wall Street Thinks $TSLA http://t.co/0WBVYTGmeQ http://t.co/I3gQ2bN…
The allCity Trader
27 Apr 15 10:32:48
$TSLA where have I been during this run up - sigh
Realist
27 Apr 15 10:31:42
Added some more to my $TSLA puts today
Robert Ellis
27 Apr 15 10:31:30
RT @TheStreetTech: Tesla's Battery Opportunity Could Be Worth More Than Wall Street Thinks $TSLA http://t.co/0WBVYTGmeQ http://t.co/I3gQ2bN…
OptionAlarm
27 Apr 15 10:30:38
Introducing Seed Alpha, the iTunes of Stock Research http://t.co/YjHUENYlmz $SPX $AAPL $GOOGL $NFLX $TSLA
Invest | Donate
27 Apr 15 10:27:02
@lookn4wins: TSLA Tesla Motors Price Up: +15.20 Last: 233.63 Volume: 8,895,750 http://t.co/20lFzSJFEM $TSLA #invest ~
TickerLens Tesla
27 Apr 15 10:25:47
Tesla Motors Inc (TSLA) On Track To Sell 55000 EVs This Year: Credit Suisse http://t.co/PnV5JbYROL $TSLA
TickerLens Tesla
27 Apr 15 10:25:47
Most Volatile Stocks: Tesla Motors, Inc. (TSLA), Neuralstem, Inc. (CUR), Intersections… http://t.co/uTeMiCiy0q $TSLA
Jack Widmer
27 Apr 15 10:24:47
@Brandon1776 I killed it with $TSLA , exactly what i thought was going to happen...2:2
Mark B. Spiegel
27 Apr 15 10:24:18
Biotech is collapsing. I guess those "fundamental" investors decided a commodity battery business is sexier than a cure for cancer. $TSLA
Sonny Chung
27 Apr 15 10:23:41
RT @OMillionaires: Love $SCTY & $TSLA this week into April 30th event, and $SCTY into earnings as well ~
Breaking News
27 Apr 15 10:22:03
$TSLA: Tesla Motors Rises as Analysts Cite Energy Storage Opportunity: http://t.co/GSPM45ov6P
Money Morning
27 Apr 15 10:21:56
RT @DavidGZeiler: .@FortuneMagazine says the $TSLA #Gigafactory could be obsolete before it opens. No biggie. It only cost $5 billion. http…
David G Zeiler
27 Apr 15 10:21:44
.@FortuneMagazine says the $TSLA #Gigafactory could be obsolete before it opens. No biggie. It only cost $5 billion. http://t.co/5rc1tTjgjx
Jason
27 Apr 15 10:21:29
was hoping to re buy $TSLA on slight dip this week but already up 15% since original Squeeze buy signal http://t.co/53AbMyjSXg
Sonny Chung
27 Apr 15 10:20:02
RT @RedDogT3: If you bought $tsla when it cleared $214ish. Decent time to trim now $229 http://t.co/8dAV3JiD1A
Stock Chat and Forum
27 Apr 15 10:18:39
$TPHX nice size hits at .695, IMO it will test HOD here shortly. $TSLA similar technology for commercial vehicles at lower cost.
Awesome Stock Tips
27 Apr 15 10:18:39
$TPHX nice size hits at .695, IMO it will test HOD here shortly. $TSLA similar technology for commercial vehicles at lower cost.
PennyStockSpy
27 Apr 15 10:18:39
$TPHX nice size hits at .695, IMO it will test HOD here shortly. $TSLA similar technology for commercial vehicles at lower cost.
OTC FIRE
27 Apr 15 10:18:39
$TPHX nice size hits at .695, IMO it will test HOD here shortly. $TSLA similar technology for commercial vehicles at lower cost.
Raymond Norman
27 Apr 15 10:18:27
RT @Stock_Battle: Another week of trading is less than 14 hours away! $aapl $gpro $tsla $amzn $fb $googl $goog $ge $gm http://t.co/PLrw2ieq…
Raymond Norman
27 Apr 15 10:18:22
RT @Stock_Battle: Competitions starting next week on http://t.co/PLrw2hWPso! $aapl $tsla $amzn #wallstreet #stockmarket $twtr $googl http:/…
Momentum PR
27 Apr 15 10:18:15
Tesla $TSLA will be unveiling batteries.Not for the car but for your home.We will see what the hype is about Thursday http://t.co/YM3Hq35ILr
Lauren Holmes
27 Apr 15 10:18:02
Which is the best automaker $F or $GM ? We like growth and go with $TSLA. Read our analysis here http://t.co/huaLsHpU2z
aznboi27
27 Apr 15 10:17:17
$TSLA another one.. http://t.co/9OsOhg1xMl
vipbackchannel
27 Apr 15 10:16:12
RT @ClayTrader25: Learn How this Trader Killed Emotions--> http://t.co/MhI6ebbCLq Episode #6 of The Stock Trading Reality Podcast $NGCG $TS…
FINTECHNA
27 Apr 15 10:16:02
RT i_Know_First: Market Movers: Up To 49.11% In 3 Months http://t.co/hyQfSR8Gdk  $TSLA #fintech
FINTECHNA
27 Apr 15 10:16:02
RT aaplstocknews: Market Movers: Up To 49.11% In 3 Months http://t.co/ax9qQaSc4L  $TSLA #fintech
aznboi27
27 Apr 15 10:15:39
$TSLA intraday chart.. what i'm looking at currently http://t.co/YYAipwEC6n
Sonny Chung
27 Apr 15 10:15:19
RT @SJosephBurns: $TSLA rocket launch via @ninjaninja118 http://t.co/GNEepOAkXz
Jeff Cooper
27 Apr 15 10:14:37
RT @t3live: $TSLA Charged Up http://t.co/bHzBAH0YkJ
InvestProfits
27 Apr 15 10:14:30
Tesla Motors Inc. (TSLA) Up 17% from its 50 Day Moving Average http://t.co/roerna5wRy $TSLA #investor #stocks #investing
Feedmeister.com
27 Apr 15 10:13:49
RT @TheStreetTech: Tesla's Battery Opportunity Could Be Worth More Than Wall Street Thinks $TSLA http://t.co/0WBVYTGmeQ http://t.co/I3gQ2bN…
Casey
27 Apr 15 10:13:48
@maxnrgmax I understand that. Most renewable energy in the same boat. Having bought $TSLA @ $75/Share, I rate the dependability highly lol.
Sabtora Aquita
27 Apr 15 10:13:22
RT @xcadaverx: $TSLA rocking and rolling again. Bought at 190 - sold at 208. Bought in again at 209, sold a few today at $237.
Winborn Traders
27 Apr 15 10:12:19
Get Your 7-day Free Trial $ES_F Live Trading Room Visit http://t.co/Z6SZ3HktDs $SPY $FB $NQ_F $SPX $YM_F $TSLA $NFLX $TWT $QQQ $DJI
Max
27 Apr 15 10:11:20
@C4SEY_B @SciencePorn Dont favor any corp. subsidies. Frm earnings perspec. $TSLA doesn't have any w/o subsidies. Not dependable invest
Perfor Mance
27 Apr 15 10:11:07
Option Millionaires: Truman321: $TSLA weekly 230p 3.65... Will add more on strength http://t.co/T6R9Uhc2Jo
I Know First
27 Apr 15 10:10:47
Market Movers: Up To 49.11% In 3 Months http://t.co/cr6N874ABv $TSLA #fintech
Apple Stock News
27 Apr 15 10:10:45
Market Movers: Up To 49.11% In 3 Months http://t.co/iZA4kQGWCA $TSLA #fintech
jatinam
27 Apr 15 10:10:28
RT @gilmoreport: As advertised a couple of weeks ago, $TSLA makes it through the 200-dma...
Currency-prediction
27 Apr 15 10:10:23
Market Movers: Up To 49.11% In 3 Months http://t.co/coojutILHt $TSLA #fintech
Gold-prediction.com
27 Apr 15 10:10:22
Market Movers: Up To 49.11% In 3 Months http://t.co/fo6NNgSVS5 $TSLA #fintech
IKnowFirst Research
27 Apr 15 10:10:22
Market Movers: Up To 49.11% In 3 Months http://t.co/47hjYl8LWJ $TSLA #fintech
Quantitude Capital
27 Apr 15 10:09:29
RT @markbspiegel: This sell-side $TSLA pump will create annuities for lots of lawyers & maybe political careers for some prosecutors. https…
TSLA Speedreader
27 Apr 15 10:08:45
$TSLA #Tesla Tesla wants you to have one of its batteries http://t.co/CmRtTCaezm
Smarter Analyst
27 Apr 15 10:08:35
$AMZN $TSLA Investors Holding http://t.co/i1JrT1fHIE, Inc. (AMZN) and Tesla Motors, Inc. (TSLA) Stock Should Sell it http://t.co/wW7QmNo07U
				
				
By  +Follow June 21, 2013 11:19AM
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