Tesla Motors' Supercharger Network Gets a Boost

Tesla Motors gets supercharged this week after connecting its east to west Supercharger network in the U.S.

Jan 27, 2014 at 8:02PM

Tesla Motors (NASDAQ:TSLA) passed a fresh milestone this week, after the electric-car maker officially connected its East Coast and West Coast Supercharger network. This will allow Model S drivers to travel virtually for free across the U.S. without ever using a drop of gas. Tesla's CEO, Elon Musk, wasn't shy about sharing the news. Yesterday he tweeted that approximately 80% of the U.S. population is now within range of a Supercharger station.

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Source: Twitter

If you're not yet familiar with the term "Supercharger", it's Tesla's answer to range anxiety, a fear which has plagued electric vehicles up to this point. These highly energy-efficient EV-charging stations let Tesla drivers charge their cars along major highways throughout the United States and Europe. Moreover, the company's Supercharger technology delivers the fastest electric-vehicle charge in the world today -- recharging half the capacity of a Model S battery in as few as 20 minutes!

Electric cars have had a tough time catching on in the U.S., largely because of the lack of EV infrastructure. Today, Tesla is one step closer to changing that. While right now you'll need one of Tesla's $73,000 cars to use the supercharging stations, the network creates tremendous value for Tesla as it aims to convert more drivers into EV owners with the coming of its more affordable Model E.

Gas-free road trips forever
With this latest completion, coast-to-coast Model S travel is now a reality. Two Model S owners were the first to complete a cross-country drive using only the superchargers, according to PlugShare. Meanwhile, two groups from Tesla will attempt to set speed records driving across the U.S. later this week. Musk is also planning to get in on the Supercharger action, with plans for a cross-country trip with his family over spring break -- perhaps he'll be driving Tesla's upcoming Model X crossover.

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Twit Fam

Source: Twitter

Looking to the not-so-distant future, Tesla is now on track to have its Superchargers covering 98% of the U.S. population and parts of Canada by next year. The company is also expanding its charging network globally. In fact, Tesla says it will cover 100% of the population of Germany, the Netherlands, Switzerland, Belgium, Austria, Denmark, and Luxembourg with superchargers by the end of the year.

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Fool contributor Tamara Rutter owns shares of Tesla Motors. The Motley Fool recommends Tesla Motors. The Motley Fool owns shares of Tesla Motors. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

4 in 5 Americans Are Ignoring Buffett's Warning

Don't be one of them.

Jun 12, 2015 at 5:01PM

Admitting fear is difficult.

So you can imagine how shocked I was to find out Warren Buffett recently told a select number of investors about the cutting-edge technology that's keeping him awake at night.

This past May, The Motley Fool sent 8 of its best stock analysts to Omaha, Nebraska to attend the Berkshire Hathaway annual shareholder meeting. CEO Warren Buffett and Vice Chairman Charlie Munger fielded questions for nearly 6 hours.
The catch was: Attendees weren't allowed to record any of it. No audio. No video. 

Our team of analysts wrote down every single word Buffett and Munger uttered. Over 16,000 words. But only two words stood out to me as I read the detailed transcript of the event: "Real threat."

That's how Buffett responded when asked about this emerging market that is already expected to be worth more than $2 trillion in the U.S. alone. Google has already put some of its best engineers behind the technology powering this trend. 

The amazing thing is, while Buffett may be nervous, the rest of us can invest in this new industry BEFORE the old money realizes what hit them.

KPMG advises we're "on the cusp of revolutionary change" coming much "sooner than you think."

Even one legendary MIT professor had to recant his position that the technology was "beyond the capability of computer science." (He recently confessed to The Wall Street Journal that he's now a believer and amazed "how quickly this technology caught on.")

Yet according to one J.D. Power and Associates survey, only 1 in 5 Americans are even interested in this technology, much less ready to invest in it. Needless to say, you haven't missed your window of opportunity. 

Think about how many amazing technologies you've watched soar to new heights while you kick yourself thinking, "I knew about that technology before everyone was talking about it, but I just sat on my hands." 

Don't let that happen again. This time, it should be your family telling you, "I can't believe you knew about and invested in that technology so early on."

That's why I hope you take just a few minutes to access the exclusive research our team of analysts has put together on this industry and the one stock positioned to capitalize on this major shift.

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David Hanson owns shares of Berkshire Hathaway and American Express. The Motley Fool recommends and owns shares of Berkshire Hathaway, Google, and Coca-Cola.We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

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