Tesla Motors has finally announced it’s ready to swap battery packs in the Model S for the few customers to whom invites have been sent. These owners can visit a special facility across the street from the company’s Harris Ranch, Calif. supercharger location.
Battery swap to take more time than planned
Last June, Tesla announced plans to offer 90-second battery swaps to replace discharged battery packs. The battery swap is a better alternative to the superchargers, which still take around 15-20 minutes to deliver a charge. Previously in a demonstration, it was shown that the battery swap took less time than it did to fill up an Audi A8 sedan with gas. However, since then, the plans remained only in demonstration as Tesla continued to set up supercharger stations around the United States but gave no update on the battery swap technology until now.
It's no secret that this year has been a volatile one for the markets. The S&P 500 is down 18% year to date, while the Nasdaq Composite is off by 27% year to date. Meanwhile, the VIX, a key measure of volatility, is up 49% year to date at 24.72. However, it has spiked as Read More
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