Thursday, May 30, 2013

Tesla Supercharges the Whole Country

Tesla, still riding a wave of successes including paying off its government loans and passing $100 a share on the stock market, has announced a major expansion of its “Supercharger” fast charging network (details here).
New Superchargers will open soon, and by a year from now 80% of the country will be within the coverage area of one.  And the next generation of Superchargers will be even faster than the existing ones, essentially “filling up” a car in 20 minutes.  What this means is that Tesla drivers will be free to travel the nation freely, just like drivers of gasoline-powered cars.  Oh, and by the way, Elon Musk says that Supercharger electricity will be free to Tesla owners “forever.”

I have no idea whether Tesla’s business model will work.  But I do know that they are still very much the leader in electric vehicles and one of the few operations in this country that really looks like a 21st century enterprise.

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