Tesla Motors Inc (NASDAQ:TSLA) and CEO Elon Musk are known for high-profile, headline-grabbing company announcements. However, this week Tesla made a very low-key announcement that could have major near-term implications for TSLA stock.
TSLA Stock Has a New Catalyst
On Monday, Tesla Motors announced that it will begin charging customers who use its nationwide network of 4,600 Supercharger stations. Up until this point, all TSLA customers have had free unlimited access to the Supercharger stations. However, starting on Jan. 1, 2017, new Tesla customers will have to pay “a small fee” for any annual Supercharger station charging in excess of 400 kWh.
According to Tesla, 400 kWh of charge is good for about 1,000 miles of driving.
What’s the big deal? That Jan. 1 deadline is the big deal.
Maybe 1,000 free miles per year sounds like plenty, but it’s not. According to the U.S. Department of Transportation, the average American drives over 13,400 miles per year. That means that starting on Jan. 1, 2017, a lot of TSLA drivers will be paying a lot of money for electricity.
TSLA Stock Impact
If you take Tesla at its word, the fees for electricity will be…
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