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%).
Tesla Proves It's All About Range
By Travis Hoium
-
Apr 10, 2013 at 8:03AM
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NASDAQ: TSLA
Tesla, Inc.

Market Cap
$688B
Today's Change
(-0.34%) -$2.23
Current Price
$661.67
Price as of May 23, 2022, 11:13 a.m. ET
Dropping a smaller battery pack shows why Tesla has the right strategy in EVs.
Stocks Mentioned

Tesla, Inc.
TSLA
$661.67
(-0.34%)
$-2.23

Toyota Motor Corporation
TM
$161.42
(1.74%)
$2.76

General Motors Company
GM
$36.01
(1.72%)
$0.61
*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.
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