Tesla Motors (TSLA +0.21%) 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 1.96%).
Tesla Proves It's All About Range
By Travis Hoium – Apr 10, 2013 at 8:03AM
NASDAQ: TSLA
Tesla
Market Cap
$1.5T
Today's Change
(0.21%) $0.99
Current Price
$461.54
Price as of October 29, 2025 at 3:58 PM ET
Dropping a smaller battery pack shows why Tesla has the right strategy in EVs.
About the Author
Travis Hoium is a contributing Motley Fool stock market analyst covering solar energy, technology, and growth stocks. Before The Motley Fool, Travis was a mechanical engineer at 3M and founded a virtual reality company. He holds a bachelor’s degree in mechanical engineering and a master’s degree in business administration from the University of Minnesota.