Tesla (TSLA): The Battery Pack Rumors Are True - Global Equities Research

August 15, 2016 6:25 AM EDT
Get Alerts TSLA Hot Sheet
Price: $202.34 -0.21%

Rating Summary:
    16 Buy, 13 Hold, 10 Sell

Rating Trend: Down Down

Today's Overall Ratings:
    Up: 11 | Down: 23 | New: 30
Trade TSLA Now!
Join SI Premium – FREE

Get daily under-the-radar research with StreetInsider.com's Stealth Growth Insider Get your 2-Wk Free Trial here.

Global Equities analyst, Trip Chowdhry, believes the Tesla Motors (NASDAQ: TSLA) rumors are true and the range of Model 3 will end at 250 miles; while the range of Model X/S
will begin at 300 miles. To create production efficiencies, TSLA will only manufacture 2 battery packs but software will control the available range. TSLA has the same Battery Pack installed for the models 60, 70 and 75, which have battery capacity of 60 kWh, 70 kWh, and 75 kWh respectively.

Once the customer pays for extended range, OTA (Over the Air) software unlocks the battery power for Model 70 and Model 75. TSLA is expected to have a new Battery Pack, which will be installed on the Model 85, Model 90 and Model 100, which will have the battery capacity of
85 kWh, 90kWh and 100kWh; again unlocked via a software switch.

The analyst's research shows that 100 kWh battery pack will easily push the Model S range to >300 miles, which would be a significant milestone for the industry.

For an analyst ratings summary and ratings history on Tesla Motors click here. For more ratings news on Tesla Motors click here.

Shares of Tesla Motors closed at $225.61 yesterday.

Serious News for Serious Traders! Try StreetInsider.com Premium Free!

You May Also Be Interested In

Related Categories

Analyst Comments

Related Entities

Tesla, Trip Chowdhry, Model 3

Add Your Comment