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

Tesla Motors Inc (TSLA) Wins Tech Of The Year Award

Tesla Motors Inc (TSLA - Get Report)’s innovations have been setting new benchmarks in the automobile industry. The electric vehicle maker’s Supercharger network has won the AOL Auto‘s Technology Of The Year award. Today, there are only 54 Supercharging stations in the U.S., but Tesla Motors Inc (TSLA - Get Report) plans to reach 80% of the population by the end of 2014, and to 98% a year later. The Elon Musk-led automaker is also expanding its Supercharger network in Europe.

Tesla defeats Chevrolet, Mercedes and Volvo

AOL Autos’ Multimedia Director Adam Morath said that Tesla Motors Inc (TSLA - Get Report)’s Supercharger network is undoubtedly a game changer. And it fully deserves the Technology Of The Year award. It can fully charge a Model S sedan is less than an hour, compared to about 8 hours using conventional outlets. The panelists said that Tesla Motors Inc (TSLA - Get Report)’s amazing technological breakthroughs in the EV niche are putting even giant automakers to shame.

The Palo Alto-based company has shown that electrification of the automobile is entirely possible by addressing charge time, range, clean energy production and charger accessibility. Tesla Motors Inc (TSLA - Get Report)’s Superchargers are powered by solar energy. Its competitors for the award included Infiniti Backup Collision Intervention, Chevrolet MyLink Valet Mode, Mopar In-Vehicle Wireless Charging for Portable Devices, Volvo Cyclist and Pedestrian Detection with Full Auto Brake, and Mercedes-Benz Intelligent Drive.

Tesla CEO confident of Supercharger network

Superchargers are spread across the United States, making it feasible to go from coast-to-coast without any hassle. They are strategically placed near cafes, shopping centers, motels and roadside diners so that people can go eat or do some other stuff while their electric car is being charged. AOL Auto said that there has never been any complaint about the Superchargers in the U.S. or Europe. Tesla Motors Inc (TSLA - Get Report) has made electric vehicles as convenient as traditional gas-powered cars.

Tesla Motors Inc (TSLA - Get Report) founder and chief executive Elon Musk has planned to take a family trip across the U.S. in a Model S in March. It shows Musk is confident that he won’t have any trouble charging the vehicle.

Tesla Motors Inc (TSLA - Get Report) shares went up 1.32% to $153.05 at 9:35 AM EST.

The post Tesla Motors Inc TSLA Wins Tech Of The Year Award appeared first on ValueWalk.

-By Vikas Shukla

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 $242.75 -1.10%
AAPL $109.78 -0.53%
FB $87.67 -0.54%
GOOG $602.82 -0.57%
YHOO $32.20 -1.00%

Markets

Chart of I:DJI
DOW 16,161.55 -213.21 -1.30%
S&P 500 1,925.20 -25.93 -1.33%
NASDAQ 4,691.0070 -42.49 -0.90%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs