Tesla's (TSLA) Battery-Swapping Stations to Appear Before End of 2014
Get Alerts TSLA Hot Sheet
Join SI Premium – FREE
Tesla Motors (Nasdaq: TSLA) is expected to open its first battery-swapping stations by the end of this year.
SlashGear reported Wednesday that the first stations will open in California over the next few months.
While Tesla's Supercharger station markedly cuts down charging times for Tesla Model S owners, the battery swap obliterates every other way to charge the cars.
Robotic systems will drop the entire battery out of a Model S and replace it with a fully-charged one. The entire process will take around or less than 90 seconds.
Tesla demonstrated the technology about a year ago.
Shares of Tesla are down over 2 percent today.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Deutsche Bank Downgrades Tesla (TSLA) to Hold, 'Considerable risk from “going balls to the wall for autonomy”'
- Tesla (TSLA) announces 10%+ global headcount cut, departure of Andrew Baglino
- Analyst expects Tesla shareholders to reapprove Musk's compensation package
Create E-mail Alert Related Categories
Insiders' Blog, RumorsRelated Entities
TeslaSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!