Tesla Motors (TSLA -1.10%) has been leading the electric vehicle pack, but an announcement by CEO Elon Musk last week proves why it has a huge advantage over competitors: It is dropping a small battery pack for the Model S, focusing on longer-range vehicles that competitors can't match. This will benefit Tesla's current vehicles as well as its drivetrain supply business with Mercedes and Toyota (TM -1.55%).
Premium Investing Services
Invest better with The Motley Fool. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services.