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
WallStreet_3.0
22 Oct 14 19:09:11
Daimler Closes Hedge, Dumps Tesla, Grabs Cash, Runs http://t.co/Uq9D52wCw1 $TSLA
Charles Erick
22 Oct 14 19:08:02
$BABA holds gains, $TSLA $NOK $MSFT give back ground. Leaving #3Dprinting stocks late last year was wise. $TLT was flat, tomorrow pivotal.
Bidness Etc
22 Oct 14 19:00:08
Tesla Model S could be priced higher than current expectations and that Tesla could miss its 2020 sales target http://t.co/C2yIMQeY76 $TSLA
Gary Manzano
22 Oct 14 18:53:54
@canuck2usa Nice $GS trade. $TWTR & $TSLA have similar pattern #bearflag
WinningStockCoach
22 Oct 14 18:11:02
Priceless material for continual profit in the #stock #market http://t.co/VHF6GbCTvC $SPX $DJI $RUT $NDX $AAPL $FB $TWTR $LNKD $TSLA $GS $V
CandidBanter
22 Oct 14 18:08:06
$TSLA came within pennies of filling the opening gap. Appears may see low $220's before mounting a run again. #stocks #trading
tradewithjoe
22 Oct 14 17:37:04
Levels to watch tomorrow (10/23) - http://t.co/j60TO6D96O $YELP $AMZN $DDD $DIA $IWM $QQQ $SBUX $SPY $TSLA $XLF
Jim Baker
22 Oct 14 17:35:50
$GM should try making better cars instead of pushing anti-competitive BS public policy $TSLA http://t.co/EGcNzKFkQq
Bidness Etc
22 Oct 14 17:30:07
Daimler is divesting its 4% stake in Tesla Motors for $780 million http://t.co/CDEp3fjBsj $TSLA $DDAIF
Stock Relay
22 Oct 14 17:15:30
$BBRY Day Low Click Here: http://t.co/CJm2xblGCD Also See: $XIV $HNU.TO $FCG $TSLA ~
Pivot Point Trading
22 Oct 14 17:08:18
Video Resistance $AAPL $AMZN $BIDU $CAT $TWTR $FB $HAL $DIS $GOOGL $TSLA $DJIA $NFLX $SBUX $SPX $COMPQ http://t.co/oNh8Kfrq1L
แป๊ะคุง
22 Oct 14 17:02:07
RT @rickjnewman: Mercedes selling its 4% stake in #Tesla. $TSLA Shares down after hours. Tech-sharing deal "will be continued." @JeffMacke…
ZornTrader
22 Oct 14 17:01:30
RT @StockSignaling: After Hours Volume Leaders: $YELP $EMC $CREE $HPQ $MAT $TXN $KEY $HST $ODP $JCP $HAL $TSLA $AVNR $FSP $RDN http://t.co/…
Joey
22 Oct 14 17:01:12
RT @StockSignaling: After Hours Volume Leaders: $YELP $EMC $CREE $HPQ $MAT $TXN $KEY $HST $ODP $JCP $HAL $TSLA $AVNR $FSP $RDN http://t.co/…
Stock Signaling
22 Oct 14 17:01:07
After Hours Volume Leaders: $YELP $EMC $CREE $HPQ $MAT $TXN $KEY $HST $ODP $JCP $HAL $TSLA $AVNR $FSP $RDN http://t.co/Vtx6dLy0Nw #daytrader
Quantheta
22 Oct 14 17:00:02
#SENTISHIFTDOWN $MSFT $PCLN $BAC $GDX $TSLA $GPRO $GOLD $IBIO $GOOG $T #quantheta
live to surf
22 Oct 14 16:56:21
$tsla gets a has a tendency for a dose of reality around earnings. HUGE H&S $TSLA chart https://t.co/tCBU4wvoRq via http://t.co/Aom15rLuKz
charlie monson
22 Oct 14 16:51:39
RT @2kaykim: [VIDEO] Mid-Week Update with Kay Kim - "The Final Push?" $SPY $DIA $QQQ $IWM $TLT $TSLA $AAPL $RUT $SPX $COMPQ http://t.co/yU…
Messino Financial
22 Oct 14 16:47:43
Not good for $TSLA??? http://t.co/HEQyW2uPNI
Traders Club
22 Oct 14 16:26:34
[VIDEO] Mid-Week Update with @2kaykim | $SPY $DIA $QQQ $IWM $SPX $RUT $COMPQ $TLT $TSLA $AAPL | "The Final Push?" http://t.co/HxyAtNkJxF
Mehmet F. Dicle
22 Oct 14 16:23:10
There was a comment earlier and it got me thinking. $TSLA Is there ANY brand that you can buy ONLY from its producer and nowhere else?
Langan Stocks
22 Oct 14 16:18:58
$FNMA Message Board Posts Click Here: http://t.co/RSFB3c1fe1 Also See: $EBAY $TSLA $HD $XLF ~
tradewithjoe
22 Oct 14 16:17:50
$TSLA - bearish t1=228. Failed @ 50% Fib level. http://t.co/TmdSFnrhkC
Quantheta
22 Oct 14 16:00:02
#SENTISHIFTDOWN $MSFT $PCLN $TSLA $GDX $BAC $GPRO $GOLD $UGAZ $IBIO $GOOG #quantheta
Kay Kim
22 Oct 14 15:58:13
[VIDEO] Mid-Week Update with Kay Kim - "The Final Push?" $SPY $DIA $QQQ $IWM $TLT $TSLA $AAPL $RUT $SPX $COMPQ http://t.co/yUEjyzsUT3
OTPicks.com
22 Oct 14 15:55:52
http://t.co/hjgLwIcNgz danrocks: $SOXL Showing on my streamers $SIMH $TSLA $TSLA: danrocks http://t.co/IarM6NH5W5 http://t.co/hjgLwIcNgz
OTPicks.com
22 Oct 14 15:55:50
http://t.co/QkCFZ8H3V8 danrocks: $SOXL Showing on my streamers $SIMH $TSLA $TSLA: danrocks http://t.co/sY64McbwoR http://t.co/QkCFZ8H3V8
Ravi Romo
22 Oct 14 15:46:22
After an early bet on Tesla, Daimler cashes in https://t.co/geVfTj4n7x via @gigaom $TSLA
Watchhimtrade.com
22 Oct 14 15:37:54
Today's live trading footage: http://t.co/LQvEYmXSVH I traded $GPRO $TSLA $GOOGL $PCLN
Chayton Falke
22 Oct 14 15:35:05
#Nasdaq100 #recent #market #exit #2: Covered $TSLA short for a 9.65% #gain in 9 days! #TSLA #forex #trading #stocks
TheOptionDon
22 Oct 14 15:23:44
MARKET WRAP 10/22/14 http://t.co/QGGjDsOSfv $AAPL $GOOGL $AMZN $NFLX $FB $TWTR $TSLA $GPRO $PCLN $BIDU $YELP $SPY $GLD $TLT $UUP $XAUUSD
Stock Relay
22 Oct 14 15:20:54
$AMBA News Click Here: Also See: $CENX $SDRL $CDE $TSLA ~
Colin Macleod
22 Oct 14 15:20:32
T3 Live Daily Recap: RDR Tactics http://t.co/1X3AMjiPXl $SPY $IWM $XLE $FAS $BABA $TSLA $TWTR $FB $BA $CMG
Watchhimtrade.com
22 Oct 14 15:05:42
Check that last tweet, I have $GPRO registering a bullish close today (just barely though) $TSLA $NFLX $AMZN $GOOGL $PCLN $TWTR neutral
Option Voyeur
22 Oct 14 14:57:37
This straddle thing in both $GPRO & $TSLA is a complete experiment, anybody straddle weekly momos?
Matt K
22 Oct 14 14:46:57
RT @paulwoll: https://t.co/iFoVMPL4pE $TSLA into tomorrow note these flags/ascending wedge breakdowns....
Benedict Powers
22 Oct 14 14:45:32
#Daimler sells $TSLA #stake http://t.co/jwWM33vOox #OEM #car #electric #innovation #investor #profit #wealth #growth #cars #Tesla #USA #BRD
Carolyn B Miciano
22 Oct 14 14:40:24
Classic earnings trade with Priceline http://t.co/78mh9qOYeq $CMG $TSLA $BIDU
Michael W
22 Oct 14 14:38:17
Also looking for $TSLA to really punish some people. When that day comes, be ready to attack ladies and gents. Plan in hand.
live to surf
22 Oct 14 14:37:57
What NCR just Said about the American Retail Quagmire http://t.co/C5H8gA8wYA $tsla $aapl $spy
HOA Mccaffrey
22 Oct 14 14:23:29
USA-Les valeurs à suivre à Wall Street … $AGN $KKR $BA $LMT $AMZN $TSLA $KKR
Will Thejamm
22 Oct 14 14:19:01
Want a Tesla? Start Voting - Bloomberg View $tsla http://t.co/N61anRF3jD
Mark B. Spiegel
22 Oct 14 14:18:05
" $TSLA invented how to market electric cars-- to investors" http://t.co/bF1oaB1Ftk
Reaper Capital
22 Oct 14 14:12:52
Wake up: http://t.co/TN1qhY8eR9 via Yahoo Finance $TSLA 89% of respondents (6,875 people) think Michigan should allow TSLA direct sales.
ARK Indu Innovation
22 Oct 14 14:02:00
2/ Out of the 3, $TSLA has superior tech because it offers the quickest charge (recall TSLA battery is bigger than others).
Quantheta
22 Oct 14 14:00:03
#TOPTICKERTWEETS $SPY $AAPL $IBIO $YHOO $RGLS $IWM $SPX $YELP $FB $TSLA #quantheta
Quantheta
22 Oct 14 14:00:02
#SENTISHIFTDOWN $MSFT $PCLN $TSLA $GPRO $GOOG $GDX $GOLD $IBIO $PLUG $UGAZ #quantheta
OptionsGeek
22 Oct 14 13:59:28
RT @paulwoll: https://t.co/iFoVMPL4pE $TSLA into tomorrow note these flags/ascending wedge breakdowns....
Woll Street
22 Oct 14 13:59:06
https://t.co/iFoVMPL4pE $TSLA into tomorrow note these flags/ascending wedge breakdowns....
live to surf
22 Oct 14 13:58:03
RT @markbspiegel: "Why Daimler doesn't share investors' love affair with $TSLA " http://t.co/le8RVyNMPR (Hint: because Daimler knows how to…
				
				
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.