Tesla Expands Supercharger Coverage - Analyst Blog

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Tesla Motors, Inc. ( TSLA ) announced the opening of new Supercharger locations which connect the Netherlands, Germany, Switzerland and Austria. This will provide Model S customers a convenient long distance travel on electric charge through the German Autobahn, to places in the Alps and other destinations.

The German Superchargers link Cologne, Frankfurt, Stuttgart and Munich. The Superchargers also connect the German network to Amsterdam, Zurich and Innsbruck. The chargers in the Netherlands link Amsterdam to Cologne and Brussels. The Superchargers in Switzerland connect Zurich and Geneva.

Tesla is focused on expanding its network of Supercharger stations. At present, the automaker has 80 Superchargers worldwide with 14 in Europe. Tesla's superchargers cover 11 million kilometers of land.

Tesla projects that 50% of the German population will live within 320 km of a Supercharger by Mar 2014. Also, the automaker intends to cover the entire population by the end of the year.

Tesla's Supercharger is an efficient charging technology, which provides 120 kilowatts of DC (Direct Current) to Model S batteries using special cables. The vehicle gets charged within 40 minutes, reflecting the time saving attribute of the chargers.

Tesla has strategically built the Supercharger stations along highways, which provides a convenient drive with minimal stoppage. Moreover, they are conveniently located near amenities which provide relaxation and refreshment to the drivers.

Tesla designs and manufactures electric vehicles and electric vehicle powertrain components for partners including Toyota Motor Corporation ( TM ) and Daimler AG ( DDAIF ).

Tesla currently carries a Zacks Rank #2 (Buy).

Another automobile stock worth considering is Harley-Davidson, Inc. ( HOG ), carrying the same Zacks Rank as Tesla.



DAIMLER AG (DDAIF): Get Free Report

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TESLA MOTORS (TSLA): Free Stock Analysis Report

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.



This article appears in: Investing , Business , Stocks

Referenced Stocks: DDAIF , HOG , TM , TSLA

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