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.


Signup for our daily newsletter and get our best articles emailed right to you!

Results for TSLA
Carolyn B Miciano
30 Sep 14 04:04:05
Maximize trade potential with trail stop orders http://t.co/M3dyTfoCtI $NFLX $PCLN $TSLA
Maria Livingston
30 Sep 14 04:04:03
RT @SeekingAlpha: Tesla Entering The Doldrums http://t.co/tFUlcfZ7PO $TSLA
Stocks News&Markets
30 Sep 14 03:48:50
lx21 made $14,832 on $TSLA -Check it out! http://t.co/NDvXTmoO6w Learn #howtotrade http://t.co/axK8SMSgo9 $FB $SPY $stocks
Carolyn B Miciano
30 Sep 14 03:47:49
Guide to Butterfly and Diagonal trades http://t.co/y61JQ4JSl0 $GLD $SLV $TSLA
PennyStock Zone
30 Sep 14 03:45:27
I am a VERY HAPPY subscriber to SUPERTRADES service check it out http://t.co/Ho9ydXHTWl $vnom $galt $tsla $emms $pamt $grh $nq
Carolyn B Miciano
30 Sep 14 03:42:41
Is this the trade of the decade http://t.co/F9kj0OBUEI $GLD $SLV $TSLA
Anthony
30 Sep 14 03:25:30
RT @smartertrader: : $MBLY deal confirmed with $TSLA .. loaded boat on mbly in room. Boom BOom goes the room.
Jeff Dorman
30 Sep 14 03:25:03
RT @HVST: Tesla Has Lots of Room to Run https://t.co/Dgt4g11aAK @ARKInvest @TeslaMotors $TSLA
Sufiy
30 Sep 14 03:19:29
RT @ILCtsxv: #Climate Change: We Have The Solution - #Lithium #Technology For Electric Cars Is Here. #EVs $LIT $ILC.v $TSLA https://t.co/uc…
Sufiy
30 Sep 14 03:15:21
RT @Metalbanker: Who will be the first to tap into @ElonMusk "Open Source For Electric Cars"? #EVs @Sufiy @kirillklip $TSLA #Lithium http:/…
Carolyn B Miciano
30 Sep 14 03:10:35
Structuring a cutting-edge trade on earnings http://t.co/78mh9qOYeq $NFLX $PCLN $TSLA
GLOBAL NEWS DEPOT
30 Sep 14 03:04:10
RT @Metalbanker: Who will be the first to tap into @ElonMusk "Open Source For Electric Cars"? #EVs @Sufiy @kirillklip $TSLA #Lithium http:/…
Carolyn B Miciano
30 Sep 14 02:52:47
How to implement income strategies using credit spreads http://t.co/AFe5ZqZ4He $CMG $TSLA $BIDU
Stockaholics
30 Sep 14 02:36:59
$VOIS gained 218.52% in less than 3 weeks, after our Penny Stock Alerts! Major Update: http://t.co/HglCNdSVSO $CMS $MOS $TSLA
Alex
30 Sep 14 02:29:08
$MBLY gaining in pre market 2pts. More news to come uh? $TSLA
msputoptions
30 Sep 14 02:00:25
$TSLA possible reversal, watch the 10 min chart for the bottoming tail. (Bullish)
Quantpost Cnsmr Good
30 Sep 14 01:47:27
$TSLA News Alert: http://t.co/hl3LhY4fmU Updated options view: https://t.co/ArOR5edcVG All options views: https://t.co/dUHzbxOXOr
Seeking Alpha
30 Sep 14 01:47:18
Tesla Entering The Doldrums http://t.co/tFUlcfZ7PO $TSLA
Kirill Klip
30 Sep 14 01:42:42
RT @Metalbanker: Who will be the first to tap into @ElonMusk "Open Source For Electric Cars"? #EVs @Sufiy @kirillklip $TSLA #Lithium http:/…
Momentum Stocks
30 Sep 14 00:21:40
September 30th Trading Watchslist http://t.co/tZkSVPYRzb $SPY $AAPL $TSLA $BABA $GPRO
StockFluence.com
30 Sep 14 00:01:08
Tesla Motors, Inc.: 144 (-0.21%) http://t.co/p88gNAU9Fa $TSLA #TeslaMotors #Sentiment #Stock #Analysis #BigData
Paul Chertyk
29 Sep 14 23:26:03
@YR303 $TSLA $SCTY Trust me... stay in there. If it were that easy to make money, everyone would be doing it. Gotta sweat a little.
Paul Chertyk
29 Sep 14 23:23:59
@YR303 $TSLA $SCTY Good question... Charts don't matter, think big picture.Things always turn around right when you're about to give up.
Reza
29 Sep 14 22:39:32
RT @IBDinvestors: Mobileye doubles, an IPO in safer and self-driving cars. http://t.co/4A1pySGCj4 $MBLY $TSLA $GM $TRW $MGA http://t.co/Y4j…
Tarun Vig
29 Sep 14 22:33:07
"@smartertrader: : $MBLY deal confirmed with $TSLA .. loaded boat on mbly in room. Boom BOom goes the room." @shahidb
Hereitfirst
29 Sep 14 22:19:28
How to trade $BABA $TWTR $RWLK $CYBR $YHOO $TSLA $GOOGL $ACRX $ULTA $SPY $DRL $NFLX $AMZN $FB $RAD $YELP $AAPL http://t.co/uTZpFW8a4K
Matthew Thomson
29 Sep 14 21:15:51
RT @Vconomics: The same can be said for $TSLA, which trades at 233x fiscal 2014 earnings. Expectations is what matters.
Matthew Thomson
29 Sep 14 21:15:36
RT @Vconomics: For $TSLA, investors are speculating that they will be able to sell over $40 billion in cars (revenue) in fiscal 2023 http:/…
Andreas Wolf
29 Sep 14 21:12:13
Once $TSLA releases a lower priced car in the 40k-50k range they will obliterate a lot of the foreign car manufacturers
kcprinters
29 Sep 14 21:11:08
$TSLA $35 to $195, up 460% and in that time, biggest drop was 16%. Think about that with $GPRO and 1/4 to 1/6th the float.
Surfergirl
29 Sep 14 21:06:38
“@smartertrader: : $MBLY deal confirmed with $TSLA .. loaded boat on mbly in room. Boom BOom goes the room.” $MBLY in IBD New Amer Tues :)💙
Mehmet F. Dicle
29 Sep 14 21:03:21
I just noticed: whenever I see a picture of model S, it is red! I agree. Red goes very well for $TSLA #midnighthumor
00Matt
29 Sep 14 20:44:43
$TSLA Plan is to cover some in 215-220 area then trail. RSI is oversold so probably a bounce or sideways action soon. Time frame is 2+ weeks
Stockaholics
29 Sep 14 20:43:43
$VOIS gained 218.52% in less than 3 weeks, after our Penny Stock Alerts! Major Update: http://t.co/HglCNdSVSO $CMS $MOS $TSLA
00Matt
29 Sep 14 20:43:35
$TSLA I want to see some bounce into 250 area to get short with risk on 255. The stock looks to have topped and could easily test the 200dma
Javier Avendano
29 Sep 14 20:29:39
RT @IBDinvestors: Mobileye works with $GM, Tesla and other major automakers on technology that could lead to self-driving cars http://t.co/…
00Matt
29 Sep 14 20:28:56
$TSLA http://t.co/a2JLvRgTQi
Ash J
29 Sep 14 20:10:33
RT @smartertrader: : $MBLY deal confirmed with $TSLA .. loaded boat on mbly in room. Boom BOom goes the room.
Perfor Mance
29 Sep 14 20:01:06
Option Millionaires: nlightn: $TSLA, $MBLY,...Tesla adds driver-assistance features; Mobileye a possible suppl http://t.co/lvAHJWOG3f
Jim
29 Sep 14 19:57:52
RT @smartertrader: : $MBLY deal confirmed with $TSLA .. loaded boat on mbly in room. Boom BOom goes the room.
David Jackson
29 Sep 14 19:55:07
Tesla adds driver-assistance features; Mobileye a possible supplier $TSLA $MBLY http://t.co/xPDRIKvnwp
Malibu Investment
29 Sep 14 19:47:41
RT @smartertrader: : $MBLY deal confirmed with $TSLA .. loaded boat on mbly in room. Boom BOom goes the room.
gordon gekko is god
29 Sep 14 19:39:10
Tesla adds driver-assistance features; Mobileye a possible supplier http://t.co/wuR4wwSbOl $TSLA, $MBLY
Stocks News&Markets
29 Sep 14 19:24:11
lx21 made $13,389 on $TSLA -Check it out! http://t.co/5UhRmr5jpg Learn #howtotrade http://t.co/axK8SMSgo9 $FB $SPY $stocks
Jon Boorman, CMT
29 Sep 14 19:18:05
RT @gtlackey: September 29, 2014 RS Movers http://t.co/CM2aPNVzuO $ITA $CF $MPC $AEGR $ALXN $MU $SAM $ENDP $MCD $S $KBH $LUK $TDS $IP $TSLA
live to surf
29 Sep 14 19:16:57
$tsla feels like $aapl did in oct 2012. In for a rinse a lot lower.
sam
29 Sep 14 19:16:47
: $MBLY deal confirmed with $TSLA .. loaded boat on mbly in room. Boom BOom goes the room.
Eric
29 Sep 14 19:14:28
Last time $F moved like this, it lost 50%, suppose $TSLA should lose at least 75%.
Frederic Lavigne
29 Sep 14 19:07:46
RT @IBDinvestors: Mobileye works with $GM, Tesla and other major automakers on technology that could lead to self-driving cars http://t.co/…
jatinam
29 Sep 14 19:05:36
RT @IBDinvestors: Mobileye doubles, an IPO in safer and self-driving cars. http://t.co/4A1pySGCj4 $MBLY $TSLA $GM $TRW $MGA http://t.co/Y4j…
				
				
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.