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Telsa Covers LA-NY in Lowest Charge Time - Analyst Blog

By: Zacks.com
Posted: 2/3/2014 3:50:00 PM
Referenced Stocks: DNFGY;GELYY;TSLA;VLKAY

A team sent by Tesla Motors, Inc. ( TSLA ) 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 is hopeful of getting recognition from the Guinness World Records for the feat. The 3,464.5 mile journey was competed by the team in 76.5 hours.

The journey was an excellent marketing strategy implemented by Telsa to highlight the recent completion of its first cross-country Supercharger route. The drive displayed the efficiency of the Supercharger network in terms of saving both time and cost.

Last week, a father-daughter duo beat team Tesla becoming the first to complete the coast-to-coast journey using Superchargers. However, they took almost 6 days to complete the journey.

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 Times. The electric carmaker has seven other stores in the Bay Area.

Tesla currently carries a Zacks Rank #1 (Strong Buy). Some other automobile stocks worth considering are Volkswagen AG ( VLKAY ), Geely Automobile Holdings Ltd. ( GELYY ) and Dongfeng Motor Group Company Limited ( DNFGY ). Volkswagen, Geely and Dongfeng carry a Zacks Rank #2 (Buy).



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TESLA MOTORS (TSLA): Free Stock Analysis Report

VOLKSWAGEN-ADR (VLKAY): Get Free Report

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