Tesla Motors Inc (TSLA) Moving Towards “Mega Supercharging Stations”

Tesla Inc (TSLA)

Last week, Tesla Motors Inc  opened the world’s largest supercharging station. The new station is based in Nebennes, Norway, and has 20 charging stalls. Each stall has a maximum capacity of 100 KW. Norway generates a lot of its electricity from renewable sources, and the country has proven to be a big market for Tesla’s Eco-friendly cars.

Tesla Motors Inc (TSLA) is Expanding Its Supercharging Network

Tesla currently operates nearly 700 supercharging stations internationally, and they have recently been expanding their network in anticipation of more of their EVs being purchased and driven. On the 31/03/2016, the American electric car maker unveiled the Model 3 (this is their first EV which is aimed at the mass market.) Within a few years, Elon Musk is aiming for his firm Tesla Motors Inc (TSLA) Model X Superchargingto produce & sell hundreds of thousands of cars per year.

As Tesla Motors Inc  continues to grow, more large supercharging stations will be built. However, larger stations are only suitable and cost-effective in areas with a high-density of EVs (passing through the area.)

A dedicated page on the company’s website provides more info on supercharging. It reads “Superchargers are free connectors that charge Model S and Model X in minutes instead of hours. Stations are strategically placed to minimize stops during long distance travel and are conveniently located near restaurants, shopping centers, and WiFi hot spots. Each station contains multiple Superchargers to help you get back on the road quickly.”

The page also has some info on how the technology works, reading “Tesla vehicles use an onboard charger to convert alternating current (AC) from a wall charger to direct current (DC) that’s stored in the battery. Superchargers consist of multiple chargers working in parallel to deliver up to 120 kW of power directly to the battery. As the battery nears to a full charge, the vehicle’s onboard computer gradually reduces the current to the optimum level for topping off cells.”

Tesla’s Stock Gains 2.55%

A share in Tesla Motors Inc  was valued at $202.83 (up by 2.55% or $5.05 on the day) as trading stopped on the 06/09/2016. The corporation currently has a market cap of $29.71 billion.

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