Tesla Motors, Inc.
) has announced the opening of its first Supercharger station in
New York. This new charging station will greatly benefit
customers, who can charge their vehicles at the charging station
free of cost. At the station vehicles will get fully charged
within half an hour.
Tesla's market penetration in New York is currently concentrated
in Manhattan. However, the new Supercharger station is not
situated in Manhattan. Tesla's latest Supercharger station is
located at the intersection of 150th Avenue and 147th Street in
Queens, at a JFK Airport travel plaza. Nevertheless, it is the
Supercharger closest to Manhattan, followed by the one in Darien,
Connecticut, an hour's drive from Manhattan.
Tesla supports this move reasoning that Superchargers are needed
for long trips and not for daily charging. So the charging
station is not built in Manhattan where daily charging can be
managed at the normal electric charging stations built by the
A growing number of parking places in Manhattan now offer
charging options, while the cheapest version of Tesla's Model S
provides 230 miles per charge. Thus, Tesla plans to build
Superchargers between major cities and tourist destinations, to
support long distance travel.
Tesla is focused on expanding its network of Supercharger
stations. At present, the automaker has 48 Superchargers in U.S.,
a large portion of which are located on the West Coast. Tesla
plans to increase the number of Superchargers to such an extent
that even coast-to-coast road trips will be possible in a Model
Tesla currently has a Zacks Rank #4 (Sell). Other prominent
companies in automobile market include
Honda Motor Co., Ltd.
Tata Motors Limited
Ford Motor Co.
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TESLA MOTORS (TSLA): Free Stock Analysis
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