Can Tesla Motors Inc (NASDAQ:TSLA) Fund It’s Growth?

Posted by Peter Lauro October 1, 2013 0 Comment 996 views

Come Thursday and Colorado will have its first 2, free “Supercharger” charging-stations said Tesla Motors Inc (NASDAQ:TSLA), the electric car maker. These charging stations will be used for charging the company’s Model S cars. These stations

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are situated in Silverthorne and Glenwood Springs and both lie along Interstate 70. The company said that with this latest expansion, there are now 26 “supercharger” stations in the United States.

Typically, these stations are built in between popular tourist destinations and large cities and are generally near shopping centers and roadside diners. This helps in free, long distance travel with the Tesla Model S. This free charging-service is offered to the latest Tesla Motors Inc (NASDAQ:TSLA) models that have been engineered to utilize this supercharging feature which is not compatible with the earlier models. It takes around 20 minutes

of charging for a half charge on the Tesla S. The company says that the plan is to have a sufficient number of operational stations that will permit coast to coast travel, by winter.

Monday’s trading

In Monday’s trading session, Tesla Motors Inc (NASDAQ:TSLA) rose by 1.29%. The company’s shares opened at a price of $189.00, climbed to an intraday high of $194.50 and dropped to a close of $193.37. Approximately 8.93 million shares were traded on Monday while an average volume of 9.69 million shares were traded over 30 days. The 52-week low of the shares is $26.86 while the 52-week high is $194.50. The company has a market capitalization of $23.48 billion.

The company

Tesla Motors Inc (NASDAQ:TSLA) is involved in designing, developing, manufacturing and selling electric vehicles as well as advanced electric-vehicle powertrain components. It owns its entire sales and service-network. Tesla Motors Inc (NASDAQ:TSLA) is involved in commercially-producing the Tesla Roadster, a federally compliant electric-vehicle. In addition, it is also developing the Model S and additional vehicle-manufacturing capabilities at its factory.

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