Tesla Motors, Inc.
) CEO plans to share the designs of its Supercharger system so that
other electric car manufacturers can equip their cars with the
necessary specifications, thus allowing their owners to use the
Superchargers, as per engadget.com. However, this sharing of design
may lead to disclosure of some intellectual property about Tesla's
According to CEO Elon Musk, the interested electric vehicle
producers must subscribe to Tesla's business model related to the
Superchargers in order to use the technology. Moreover, they need
to contribute to the maintenance and running costs of the
Superchargers. Musk also clarifies that the costs are not very
high, as the many of the locations are rent free, and some of the
Superchargers are powered by solar panels.
Tesla also plans to release some of its patents, although the
company did not provide any details.
If Tesla discloses the design, then it won't be the first time Musk
did something like it to drive adoption of a new idea. In Aug 2013,
he shared the proposal for the "Hyperloop," which uses solar-power
for high-speed air travel.
Tesla's Superchargers provide free electricity charging for the
Model S vehicles. Tesla is continuously working on the expansion of
the Supercharger network. All electric car manufacturers will
benefit if a universal charging standard is adopted.
Recently, Tesla also started the deliveries of the right hand drive
(RHD) Model S in U.K. The automaker believes this launch will
support rapid expansion of the company in U.K. in the next couple
During the launch of RHD Model S, Tesla also energized the first
Supercharger location in U.K. The strategic location of the
Supercharger at Crystal site, at London's Royal Victoria Docks,
marks the beginning of a planned Supercharger route to Paris and
further across Europe. This will facilitate the long distance
travel of Model S in the continent.
Tesla plans to establish a network of Superchargers across U.K. in
the coming 18 months, which will enable Model S drivers to travel
for free. Tesla is energizing roughly one Supercharger per weekday.
At present, about 125 Supercharger locations are energized
worldwide, of which 19 are in Europe.
Tesla currently carries a Zacks Rank #4 (Sell). Some better-ranked
stocks worth considering in the same industry are
Fox Factory Holding Corp
Tower International, Inc.
). All these stocks carry a Zacks Rank #2 (Buy).
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