Tesla to launch faster Supercharger tech next year

The company will also double Supercharger capacity by the end of next year.

Tesla CEO Elon Musk has announced that its upgraded Supercharger technology will not be ready until next year.

The company's current technology can charge a depleted battery to 50 percent in just 20 minutes, 80 percent in 40 minutes and completely full in 75 minutes.

Musk promises the Supercharger V3 upgrade will be "much faster" than the current charging network, though the company has not specified exactly how much more power the next-gen tech will provide.

Amid the problems ramping up Model 3 production, Tesla also appears to have been distracted from achieving its ambitious Supercharger buildout goal. The company currently operates 11,414 individual charging points, below its target of 18,000 Superchargers by the end of the year.

Musk has set a new goal of doubling Supercharger capacity by the end of next year, covering 95-100 percent of the population in all active markets.