Investors Hit the Brakes on Tesla Motors Inc (TSLA)

For example, with an electric range of roughly 300 miles and a charge time of five hours, the Model S is notably ahead of rival models from Ford Motor Company (NYSE:F) and General Motors Company (NYSE:GM) . The all-electric Ford Focus gets a range of just 100 miles per charge, yet it still takes about four hours for charging. Meanwhile, GM’s Chevy Volt has a range of just 40 miles, though it’s not exactly an apples-to-apples comparison since the Volt in question is a hybrid.

In many ways, sales of hybrids have helped bridge the gap between gas-powered cars and gas-free EVs. However, well-publicized PR nightmares have the potential to derail efforts for widespread EV adoption. It’s no surprise, then, that Tesla and CEO Elon Musk quickly spoke out in hopes of dispelling any concerns over the Model S battery range.

The company’s Supercharger network is another way that Tesla is hoping to ease drivers’ fears on longer road trips. In fact, Tesla is on track to install 90 Supercharger stations on heavily traveled routes across the U.S. this year. As for now, we’ll have to wait and see how the rest of this story plays out once Tesla makes the car logs from this test drive available to the public.

Either way, as a longtime believer in Tesla and its management, I plan to take advantage of dips like this in the stock price and add to my position.

The article Investors Hit the Brakes on Tesla originally appeared on Fool.com and is written by Tamara Rutter.

Fool contributor Tamara Rutter owns shares of Tesla Motors . The Motley Fool recommends Ford, General Motors, and Tesla Motors . The Motley Fool owns shares of Ford and Tesla Motors Inc..

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