Tesla Motors Inc (TSLA) to open battery swap facilities “in the next few months”

Posted Mar 10, 2014

Tesla Motors Inc (NASDAQ:TSLA) is going to open the first battery swapping station between San Francisco and Los Angeles in the “next few months.” The swap stations will be used for analyzing usage. Based on the analysis of the swap station, Tesla will decide whether or not to push for more locations.

Tesla Motors demonstrated its battery swapping technology in June 2013. During the demonstration, Tesla showed a system for exchanging a drained lithium-ion battery pack on a Model S with a fully charged battery in 90 seconds. You can see that video below.

?We?re a little bit behind,? said Tesla Motors CEO Musk in an interview with BusinessWeek. He was referring to a previous goal of opening the swap stations by the end of 2013.