By Zacks Equity Research
A team sent by Tesla Motors, Inc. (TSLA-Free Report) has completed the journey from Los Angeles to New York, setting a record for the lowest charge time for an electric vehicle traveling across the country. The team traveled in two Tesla Model S cars and relied solely on Tesla’s Supercharger network during the cross-country drive. As a result, the team incurred zero fuel cost.
Tesla’s Superchargers not only provide free charging to Model S owners, but also charge faster than normal electric charging stations. They can restore half the battery charge in just 20 minutes, while normal charging stations take as much as 9 hours for a full charge.
Tesla currently has over 70 Superchargers in North America and is expanding the network fast. The company recently also completed the feat of having at least one car registered in all 50 states of the U.S.
In a separate news, Tesla will soon open its first store in Contra Costa County, according to Contra Costa
Zack's Carries A 1# Strong Buy Rating on Telsa
They can restore half the battery charge in just 20 minutes, while normal charging stations take as much as 9 hours for a full charge.
You want me to sit at a charging station for 20 minutes to charge my $90,000 vehicle? Funny.
Each Tesla sold would have to have been sold for 1.1 million dollars to justify Tesla's market cap. This is fantasy stuff--but in a good way which differentiates it from BBRY which is fantasy stuff but in a bad way.