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Tesla Motors Inc (TSLA): The Company Proves It is All About Range

Tesla Motors Inc (NASDAQ:TSLA) 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 Motors Inc (NASDAQ:TSLA)’s current vehicles as well as its drivetrain supply business with Mercedes and Toyota Motor Corporation (NYSE:TM).

The biggest uncertainty facing Tesla Motors Inc (NASDAQ:TSLA) now is whether it will be able to fend off its big-name competitors.

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 Inc (NASDAQ:TSLA). The Motley Fool owns shares of Tesla Motors.