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Tesla Motors Inc (TSLA) Ramps Its Destination Chargers Network

Tesla Motors Inc (NASDAQ:TSLA)

Tesla Motors Inc has sharply grown its destination Charger locations worldwide not only recently, but in 2015 as a whole. The EV firm recently updated its data for the Destination Charger locations.

Developing comprehensive charging network

Destination chargers are installed at the restaurants, shopping centers and hotels. As per the firm, it “partners with hotels, restaurants, shopping centers and resorts to make charging when you arrive at your destination as simple as charging at home. Pull up and plug into a Tesla wall connector to charge Model S while you shop, dine, or even during an overnight stay.”

As of now, the number of destination locations in the US is at 1028 while in Canada it is 213. In 2015, the total locations added is 1337 while the global total is at 1837, up 167% from 2014.

Many businesses owners are coming forward to add a destination charger as it helps in attracting Tesla owners in the area. The EV firm at times gives the charger free of cost while the installation charges are born by the location owners. The local business are allowed to charge a fee for the use of the charger, but often they absorb the expenses in order to attract more clients, especially the ones driving $100,000 cars

Such chargers have 50 kW of power, which is less than that of the Superchargers, but is enough to charge the car, if it is there for a couple of hours or overnight. At a time, when other car makers are concerned over the lack of electric charger infrastructure, Tesla Motors Inc is working hard to set up a most comprehensive charging network globally.

Tesla Motors expands its presence

Meanwhile, Tesla is also expanding its store presence in the US. The firm now plans to expand its presence in metro Phoenix with a showroom and a new service center in Tempe, which is around 2 miles east of Arizona State University, as per plans approved last month.

As of now, Tesla Motors Inc is not allowed to sell cars in Arizona, but it has 2 Valley showrooms, and also a service center. Potential buyers can order the cars online, and can get them delivered locally.

Arizona was seen by many as one of the top contenders for the so-called Gigafactory, but the firm eventually settled for Nevada. A bill that would have allowed the EV firm to sell cars directly in the region died the same year in the state legislature.

On Wednesday, Tesla shares closed up 5.22% at $229.64. Year to date, the stock is up over 3% while in the last one-month, it is up almost 10%.

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