In a few years’ time, Tesla, Inc. (NASDAQ:TSLA) might have a lot more than just an upper hand over its EV rivals. Imagine a future where traditional road vehicles can cover more than 500 miles without needing to stop to refuel or recharge. That future is much closer than people might anticipate.
Buyers of Tesla, Inc. luxury cars, and its Model 3, can look forward to vehicles capable of 500 miles on a single charge. This should happen by 2022. The renewable energy company has pushed out 15 variants of its flagship Model S sedan since 2012. At look back highlights its relentless approach to improving vehicle range.
Considering the rate at which battery-enhanced Model S sedans are released, the company should have a car that can conquer 500 miles in five year’s time.
The last five years were nothing short of profitable for long-term Tesla investors. October 12th 2012 had Tesla Inc shares going for $27.64. Since then, the stock climbed well over 10 times that value. On October 11th 2017, the shares of Tesla Inc opened above $355 per share.
Followers of the company might also recall the 2013 40 kWh new kid on the block. The car could only span 139 miles on a single charge. It was the lowest option available compared to its higher-end sibling, the 2012 85 kWh Model S. This car could span 265 miles on a single charge and was tied to the same distance capacity as the later 2015-16 90 kWh sedan.
In 2013, the first Model S with a 60 kWh battery came along. It led the line for a while and could cover 208 miles. The 2014 85D then led the pack for several months. It was the car to beat at 242 miles until the 2015-16 P85D and 2015 90 kWh versions were released. Both cars were capped at 253 miles.
There was the 2015-16 70D, capable of completing 240. You might remember the 2016 70, too. That car offered 234 miler per full charge. Another, more enhanced 60 kWh sedan was made available in 2016, too. Tesla assured drivers that this one could reach 210 mile per full charge. It came with other benefits as well, like more modern hardware.
The 60D Model S was also made available in 2016. Tesla Inc capped its range at 218 miles. There were several other Model S releases last year. Most ranked well beyond the 200 mile mark. In total, Tesla Inc has pushed out 15 versions of its flagship car since it launched half a decade back.
Today, the highest available battery option is the 2017 100D. According to company assurances, this car can conquer a whole 335 miles without stopping to recharge.
In July, CEO Elon Musk said the Model 3 can cover up to 310 miles for an additional $9,000. That would put it at under $45,000. For this price, its average range would match that of a 2016 Toyota Corolla. The highest end Model S cars already rub shoulders with the traditional engine vehicles of their class. That includes aspects like range capacity.
The focus for Tesla, Inc. (NASDAQ:TSLA)
But the greatest objective for electric car makers is range per charge. While Tesla obsesses over deriving as much distance as possible from its battery packs, traditional car makers prioritize other aspects. Based on the company’s rate of innovation, vehicles capable of reaching 500 miles per charge cannot be a long way far off. Can the public rightfully expect one within the next five years?
It is unlikely that Tesla will stop there. As the company innovates on its battery tech, electric vehicles capable of conquering upwards of 700 miles could very well arrive over the next decade. At this point, the benefit off owning road solutions produced by Tesla will be clear. For low distance travelers, Tesla’s cars could mean going weeks without the need to recharge.
It is also worth pointing out that recharging at public Supercharger stations is free for the Tesla community. All a buyer needs to secure free Supercharging for life is a referral from an existing Tesla owner. This offer is not extended to Model 3 owners, at least not yet. However, buyers of Tesla, Inc.’s newest compact sedan still get around 1,000 miles of free Supercharger use per year. Any use beyond that has to be paid for.
Tesla, Inc (NASDAQ:TSLA) is relentless when it comes to improving the range of its cars. Other car makers have had electric cars out on the road longer than Tesla, yet have not added any significant range. The Nissan Leaf is a prime example. Add the benefit of free recharging and buyers get the option of cars than can outlast traditional rivals and save them money.
Let us know your thoughts on Tesla’s unyielding efforts to improve vehicle range.