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Tesla Comes to Europe With Supercharger Network

NEW YORK (TheStreet)-- Tesla Motors (TSLA) is taking a trip to Europe but this time it's permanent.

Tesla is rolling out its Supercharger network in the Netherlands, Germany, Switzerland and Austria. Palo Alto, Calif.-based Tesla has been expanding its Supercharger network to allow owners of the company's Model S to charge their vehicles free of charge or allow them to perform a battery swap, alleviating range anxiety.

Telsa unveiled its Supercharger network in the middle of 2013, allowing Model S users to drive cross-country. Currently, there are 67 stations in the United States. With today's announcement, there are now 14 stations across Europe.

By 2014, Tesla said it hopes to have 80% of the US population and parts of Canada covered with the network. By 2015, Tesla expects 98% of the US population and parts of Canada will be covered with its charging stations.

Shares of Tesla were up 3.8% to $176.43 following the announcement.

Full details are in the press release below:

AMSTERDAM, the Netherlands - This week, Tesla officially opens new Supercharger locations connecting the Netherlands, Germany, Switzerland, and Austria. These newly-energized routes will enable Model S customers to enjoy free, convenient, 100 percent electric trips on the German Autobahn and to destinations in the Alps and elsewhere.

Tesla's first six Superchargers were energized in California in September 2012, with the first network of European Supercharger stations opening in Norway less than a year later. As of today, 81 Supercharger locations are energized worldwide, with 14 locations in Europe. More than 11 million kilometers have been charged by Tesla Superchargers and nearly 1.13 million liters of gas have been offset.

The accelerated energizing of Superchargers in Germany (Wilnsdorf, Bad Rappenau, Aichstetten and Jettingen), Switzerland (Lully), Austria (St. Anton) and the Netherlands (Zevenaar and Oosterhout) represents a new milestone in the expansion of the European network. In Germany, Superchargers connect Cologne, Frankfurt, Stuttgart and Munich. They also connect the German network to Amsterdam, Zurich, and Innsbruck. In the Netherlands, energized routes connect Amsterdam to Cologne and Brussels, and in Switzerland the stations connect Zurich and Geneva.

By the end of March 2014, 50 percent of the German population will live within 320km of a Supercharger, and 100 percent of the population will be covered by the end of the year.

The Tesla Supercharger is substantially more powerful than any charging technology to date, providing up to 120 kilowatts of DC (Direct Current) power directly to the Model S battery using special cables that bypass the onboard charging equipment. Superchargers replenish half a charge in about 20 minutes. Supercharger stations are strategically placed along well-travelled highways to allow Model S owners to drive from station to station with minimal stops. They are located near amenities like roadside restaurants, cafes, and shopping centers so drivers can stop for a quick meal and have their Model S charged by the time they're done.

--Written by Chris Ciaccia in New York

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