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Tesla Proves It's All About Range

By Travis Hoium - Apr 10, 2013 at 8:03AM

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Dropping a smaller battery pack shows why Tesla has the right strategy in EVs.

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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Stocks Mentioned

Tesla, Inc. Stock Quote
Tesla, Inc.
TSLA
$661.67 (-0.34%) $-2.23
Toyota Motor Corporation Stock Quote
Toyota Motor Corporation
TM
$161.42 (1.74%) $2.76
General Motors Company Stock Quote
General Motors Company
GM
$36.01 (1.72%) $0.61

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