Tesla Motors Inc (NASDAQ:TSLA) has it up and running in California now, and even though this is only a beta version, this battery swap station will be remembered forever as the cornerstone for the automotive industry overhaul.
On CNBC, Phil LeBeau reported on this new feat that Tesla Motors Inc (NASDAQ:TSLA)’s CEO has been able to achieve.
“[…] Remember, about a year and a half ago, Elon Musk said that these were going to be the future for Tesla, at least part of the future where you drive in your model S and in 90 seconds a robotic arms comes from up underneath your model S, takes out your old depleted battery and 90 seconds later you got a fully charged one. This is going to be operating in California […],” reported LeBeau.
The edge that this new technology provides the luxury end electric car maker is extraordinary. In fact, I believe that for Tesla Motors Inc (NASDAQ:TSLA) this is even bigger than launching a new model. LeBeau expanded on what this means for not only Tesla, but the entire electric car industry as a whole.
“[…] There is Elon Musk’s tweet saying you can visit and get a battery faster than it would take to fill up at the gas station. The significance, as you look at shares of Tesla Motors Inc (NASDAQ:TSLA), keep in mind that if they can put a lot of these battery swap stations around the country, in the future, theoretically this eliminates the aspect of people saying, look it is quicker to fill up at a gas station than it is to wait for a recharge,” said LeBeau.
Tesla Motors Inc (NASDAQ:TSLA) has been trading poorly this month and this provides an excellent opportunity to enter for investors who believe in the company’s story.
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