Tesla Motors (TSLA 1.80%) 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 1.00%).
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Tesla Proves It's All About Range
NASDAQ: TSLA
Tesla

Dropping a smaller battery pack shows why Tesla has the right strategy in EVs.
Motley Fool contributor Travis Hoium has no position in any stocks mentioned. Erin Miller has no position in any stocks mentioned. The Motley Fool recommends General Motors and Tesla Motors. The Motley Fool owns shares of Tesla Motors. 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.
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