This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Elon Musk and the Traveling Model S

NEW YORK ( TheStreet) -- Tesla Motors (TSLA - Get Report) CEO Elon Musk is putting his money where his mouth his, as he plans to drive cross-country in a Model S.

Earlier this year, Musk said that he was planning a family vacation driving across the country, using only Supercharger stations, to demonstrate that range anxiety no longer exists for electric vehicles, specifically the Model S.

Since Tesla unveiled the Supercharger network earlier this year, Tesla has been pushing the notion that the Model S can be driven like any other car, across the country, with no worries about it running out of juice. The battery range on the Model S is 265 miles, and with Musk saying that it will take an average of 1.5 hours per day to charge the car to drive it across the country, that should put to rest any worries consumers might have about driving an electric vehicle.

According to Tesla's Web site, there are 19 stations currently, and by the fall of 2013, "most metropolitan areas" will have one. By the winter of this year, Tesla says "coast-to-coast travel" is an option, so Musk is once again exceeding expectations, showing this can be done earlier than Tesla initially said. In 2014, Supercharger networks will cover 80% of the US population and parts of Canada. By 2015, 98% of the U.S. population and parts of Canada will be covered.

Tesla's service, innovation, and incredibly popular Model S have made the car and the company the most popular electric vehicle on social media. There have been close to 50,000 mentions on social media of the Model S, compared to just 6,261 mentions of the next most-popular electric vehicle, the Nissan (NSANY) Leaf.

The BMW i3, which Musk poked fun at during a recent Tesla earnings call, is third on the list with just 1,448 mentions on social media. BMW unveiled the i3 earlier this summer.

-- Written by Chris Ciaccia in New York

>Contact by Email.

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG
TSLA $250.80 0.00%
AAPL $130.28 0.00%
FB $79.19 0.00%
GOOG $532.11 0.00%
YHOO $42.94 0.00%

Markets

DOW 18,010.68 -115.44 -0.64%
S&P 500 2,107.39 -13.40 -0.63%
NASDAQ 5,070.0260 -27.95 -0.55%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs