Tesla Motors (TSLA -0.34%) 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 1.74%).
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Dropping a smaller battery pack shows why Tesla has the right strategy in EVs.
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