Tesla to demo quickswap electric car batteries

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Tesla Motors Electric Cars

Tesla to demo quick-swap car batteries

Jun 18, 2013

The Tesla logo is seen on the wheel of a car at Motors headquarters, May 20, 2010 in Alto, California. Tesla said Thursday it would a way to quickly recharge electric by swapping drained batteries for power cells.

Tesla said Thursday it would a way to quickly recharge electric by swapping drained batteries for power cells.

Tesla chief executive and Elon Musk used the messaging service Twitter to put out that a live pack demo was taking place at the design studio in the Southern city of Hawthorne.

Video the event was to be posted on the Tesla about 0430 GMT on Friday, to Musk.

Making it fast and to restore full power to car batteries is seen as a big step in over drivers hooked on the of refueling vehicles that run on

Tesla last month that Musk would $100 million in the surging car maker. and that it would a loan from the US Department of ahead of schedule.

The California of high-priced electric vehicles it would launch a new stock of some 2.7 million shares with $450 million in notes to raise fresh

Musk was to purchase $45 million in shares and another $55 million in a share placement, the company

Tesla said it expected to some $830 million and use the to prepay a loan from the US of Energy.

Tesla Motors Electric Cars

The moves came a stunning surge in the value of which has just a tiny of the US car market but turned a profit for the time in the past quarter.

Tesla shares were up Tuesday to Wednesday to $102.83.

The have more than this year after through 2012 on production and questions about whether it turn a profit.


On May 8, the California-based announced $11 million in net income for the quarter as revenues rose 83 from the prior quarter to million.

Tesla cited strong demand for its $62,000-$87,000 Model S, it is receiving orders at a rate of than 20,000 per year adding that it seen upside potential in Europe and

Although Tesla has been on the the road has grown bumpier for the car market .

Tesla Motors Electric Cars
Tesla Motors Electric Cars
Tesla Motors Electric Cars
Tesla Motors Electric Cars
Tesla Motors Electric Cars
Tesla Motors Electric Cars
Tesla Motors Electric Cars
Tesla Motors Electric Cars
Tesla Motors Electric Cars

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