Tesla Motors, Inc. (NASDAQ:TSLA) has announced that it will set limitations on their free easy accessible network of charging stations. Any Tesla cars ordered after Jan. 1, 2017, will have an annual credit of 400 kilowatt hours, enough power to travel 1,000 miles: at Supercharger stations. If they exceed 400 kilowatts they will have to pay a “small fee” to supercharge “which will be charged incrementally and cost less than the price of filling up a comparable gas car.”
The changes will not impact current owners or any Tesla’s ordered before start of next year as long as delivery takes delivery before April 1, 2017. Tesla stated that these changes are being pushed so that the company can generate funds to further expand the network.
Tesla owns a network of over 4,600 superchargers, over 734 supercharger stations around the world. The chargers add an estimated amount of 170 miles of range to a Tesla battery in about 30 minutes, and are designed to replenish battery range on long trips. Cost to use the stations “may fluctuate over time and vary regionally based on the cost of electricity.” Tesla added, the “Supercharger Network will never be a profit center.”
Tesla plans to make 500,000 cars a year by the end of 2018. If this comes to fruition, then there will be a lot more cars lining up at Tesla Superchargers.