Tesla Supercharging Stations at CBL Malls

Tesla Supercharging Stations at CBL Malls

CBL Forms Partnership to Open Tesla Supercharging Stations at Select CBL Shopping Centers

CHATTANOOGA, Tenn.--(BUSINESS WIRE)-- CBL & Associates Properties Inc. (NYS: CBL) today announced the launch of a partnership with Tesla Motors, Inc. (NAS: TSLA) to install Tesla Supercharging stations at several CBL Malls across the country. Tesla is building a network of Supercharging stations that will eventually enable Tesla owners to drive coast to coast in their electric vehicles. The initial cooperation will place Tesla Superchargers at five CBL Malls to include Gulf Coast Town Center in Fort Myers, FL; The Pavilion at Port Orange in Port Orange, FL; Alamance Crossing in Burlington, NC; CherryVale Mall in Rockford, IL and Imperial Valley in El Centro, CA.

Tesla Superchargers allow Tesla owners to travel for free between cities along well-traveled highways in North America. Superchargers provide half a charge in about 20 minutes and are strategically placed to allow owners to drive from station to station with minimal stops. By the end of the summer, Tesla will have two dozen stations to support long-distance driving along the most popular routes in North America and where customers want to stop, such as cafes, restaurants, and shopping areas. By the end of the year, Model S drivers will be able to travel coast to coast for free charging along the Supercharging network.

"CBL is pleased to be one of the first national mall developers to enter into a long-term partnership with Tesla. We are very excited to bring this amenity to our customers and the surrounding community," said Jim Ward, Vice President of Brand Development for CBL. "We are confident that Tesla owners will appreciate the convenience of charging their vehicles at our well-located shopping centers that serve as the hub for shopping, dining, and entertainment in their communities."

"We have been working hard to bring in new charging stations across the U.S. to give our customers more opportunities to travel in their Tesla vehicles," said Mateo Jaramillo, director of powertrain business development. "With this partnership, CBL is helping to enable free long-distance travel along heavily traveled routes in Florida, North Carolina, Illinois, and California, while helping to enable the transition to electric mobility."

About Tesla Motors Inc.

Tesla Motors' (NAS: TSLA) goal is to accelerate the world's transition to electric mobility with a full range of increasingly affordable electric cars. California-based Tesla designs and manufactures EVs, as well as EV powertrain components for partners such as Toyota and Daimler. Tesla has delivered more than 10,000 electric vehicles to customers in 31 countries.

About CBL & Associates Properties, Inc.

CBL is one of the largest and most active owners and developers of malls and shopping centers in the United States. CBL owns, holds interests in or manages 158 properties, including 96 regional malls/open-air centers. The properties are located in 31 states and total 92.7 million square feet including 10.5 million square feet of non-owned shopping centers managed for third parties. Headquartered in Chattanooga, TN, CBL has regional offices in Boston (Waltham), MA, Dallas (Irving), TX, and St. Louis, MO. Additional information can be found at cblproperties.com.

CBL & Associates Properties Inc.
Katie Reinsmidt, 423-490-8301
Senior Vice President
Investor Relations and Corporate Investments
katie_reinsmidt@cblproperties.com

KEYWORDS: United States North America Tennessee

INDUSTRY KEYWORDS:

The article Tesla Supercharging Stations at CBL Malls originally appeared on Fool.com.

Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.