Tesla Motors, Inc.
) opened its 50
Supercharger in Europe at Narbonne, France. This took almost a year
since the opening of the first European Supercharger in Norway in
However, Tesla is rapidly expanding its Supercharger network in
the continent. Since last week, it has opened 4 more Superchargers
in Europe, taking the total count to 54.
Tesla is focusing on developing a Supercharger network in its
main European markets like the U.K., Scandinavia, the DACH region,
Benelux and France. The electric carmaker has connected most major
cities and highways in Europe, from Scandinavia to the French
Riviera, including popular routes such as
Oslo-Stockholm-Copenhagen, Hamburg to Geneva and Berlin to
These Superchargers provided over 600MWh of energy to Model S
sedans in Europe in July, thus helping save 380,000 liters of
petrol. This also helped in preventing carbon dioxide emissions of
almost 1,100 tons in the month.
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 and full charge in about 75 minutes, in comparison to
normal charging stations that take as much as 9 hours for a full
At present, Tesla is expanding the Supercharger network with
admirable speed. The electric carmaker has 168 Superchargers
globally, including 105 in North America.
Tesla currently carries a Zacks Rank #1 (Strong Buy). Other auto
stocks worth considering include CarMax Inc. (
), O'Reilly Automotive Inc. (
) and Pep Boys - Manny, Moe & Jack (
). All these stocks have a Zacks Rank #2 (Buy).
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