Tesla Motors Inc (NASDAQ:TSLA) CEO Elon Musk has confirmed expectations for Thursday’s major announcement via his Twitter feed. It does, indeed, deal with battery swapping technology. In fact, we’ll see it in action via a live demo.
According to Musk, the demo will be Thursday night at 8 p.m. Pacific at the company’s Hawthorne design studio. A video of the demo will also be posted Thursday night after the live demo is finished.
Seth Klarman: Investors Can No Longer Rely On Mean Reversion
"For most of the last century," Seth Klarman noted in his second-quarter letter to Baupost's investors, "a reasonable approach to assessing a company's future prospects was to expect mean reversion." He went on to explain that fluctuations in business performance were largely cyclical, and investors could profit from this buying low and selling high. Also Read More
Tesla Keeps Reaching For Longer Range
Battery swapping is important for development of electric vehicles as Tesla Motors Inc (NASDAQ:TSLA) seeks to extend the range of its vehicles further and further. Of course being able to swap batteries out of an electric vehicle means that it extends the range of the vehicle. There is also the potential that it would make it possible for owners of the Model S to charge one battery at home while they’re driving around on the other.
Of course we will have to see Thursday night’s demonstration to learn more about exactly what it takes to swap batteries out of Tesla Motors Inc (NASDAQ:TSLA)’s vehicles. The company had said in the past that it built the Model S with a battery that could be swapped out, so this new technology will apply to the Model S cars that are already on the road.
Tesla Motors’ Expanding Supercharging Network
Tesla Motors Inc (NASDAQ:TSLA) also announced recently that it would expand its supercharger network throughout the U.S. and Canada over the next year. Of course skeptics have questioned whether this is a good idea for the automaker, but it appears to be an essential step in the company’s development.
After all, the longer drivers can go without extended charging time for their vehicle, the more likely that more consumers will be interested in electric vehicles because it greatly reduces the cost of driving. It does appear as if Tesla has thought of just about everything when it comes to ensuring its success.