Tesla Completes Coast-to-Coast Section of Free Supercharger Network

Tesla's quest to dominate the world of EVs continues.

Jan 29, 2014 at 10:47AM

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Tesla's drive to dominate the world of electric vehicles, beginning with the U.S. market, has passed a new milestone after CEO and co-founder Elon Musk last week posted on Twitter that the company has completed the coast-to-coast section of the free Supercharger network. Model S owners will now be able to travel from the Atlantic coast to the Pacific coast for free by using a series of free supercharger stations.

According to the Tesla website, there are a total of 71 supercharger stations installed around the country, available for use by 80% of the population (as long as you own a Tesla Model S). Each station is located near major highway intersections, next to restaurants, cafes, or shopping malls in order to allow the owners to relax for the 30 minutes it takes the vehicles to recharge.

Supercharger Network today.

Supercharger Network today. Source: Tesla website.

Supercharger Network 2015.
Supercharger Network 2015. Source: Tesla website.

Musk tweeted that the "Tesla Supercharger network now energized from New York to LA, both coasts + Texas!"

This achievement will not mean the end for Tesla's ambitious plans. Many more free supercharger stations are scheduled for installation, with the website claiming that next year they hope to cover the entire country and benefit 98% of the population.

The Supercharger network is a vital part of the company's plans to conquer the U.S. motor industry. Without it, the Model S drivers would be limited by the 265-mile range offered by the car's battery, and would then need to plug it in for nine hours in order to recharge it to 100%. Now a 30-minute charge can provide 170 miles of range, giving the Model S a huge advantage over competitor EVs and removing the biggest killer of enthusiasm in EVs among the general population, the dreaded range anxiety.

Tesla expects the entire Supercharger network to be complete by the time the affordable Model E is released to the market in 2017.

Cleantechnica reports that thanks to the Supercharger network, buying a Tesla doesn't just mean buying a zero-emission electric car. It also means free fuel forever, or as long as Tesla decides to offer the use of the Supercharger stations for free.

Musk also announced that two teams will drive Tesla cars across the U.S., using the newly completed Supercharger network, to try and set a cross-country electric vehicle speed record. They will leave LA on the 31st of January and hope to arrive in New York on the 2nd of February.

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Written by James Burgess at Oilprice.com.

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."

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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. 

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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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