Tesla Motors Inc (TSLA) To ‘End Range Anxiety’


Tesla P85D

Tesla P85D

Tesla Motors Inc (NASDAQ:TSLA) is set to announce a solution for one of the vexed problems or drawbacks that its electric car owners have. The company’s CEO, Elon Musk, indicated that he will be holding a press conference on Thursday to announce software that is meant to ‘end range anxiety.’ The anxiety among electric car drivers was always whether it would run out of range before reaching a destination.

End of Range Anxiety

Tesla Motors Inc (NASDAQ:TSLA)’s CEO has tweeted that he will talk about the anxiety over the end range which owners have. It is believed that there is no need for car owners to take their vehicles to any service stations to take advantage of the fresh technology. The car owners just need to beam the software into their cars.

Electric car owners have a range anxiety and consider it as one of the biggest disincentives of owning the car. As a result, car drivers have to find chargers for fear of their batteries being run dry. Many electric cars’ limited ranges also exacerbate the issue into a bigger one. The oft-repeated complaint was that many were unable to go over one hundred miles per charge.

As far as Tesla Motors Inc (NASDAQ:TSLA) is concerned, it is providing the longest ranges. However, drivers get nervous even if the car provides 265 miles a charge for the biggest battery pack in intercity travel.

Superchargers

There are superchargers that have been provided by Tesla Motors. However, they are not enough and stationed far between the two superchargers, the regular charges take much more time. Therefore, electric car drivers always develop the urge to reach the destination ahead of the charge being dried out.

Tesla Motors Inc (NASDAQ:TSLA) has been trying to extend its supercharger network so that the concern could be reduced. However, if the company is expected to end the anxiety over the range through a software update, it could mean that engineers were able to find a way to remove mindset on the range about the Model S batteries.

Viraj Shah

Viraj Shah has completed M.Com (Finance) and is currently pursuing his CFP. He tracks US markets along with other global markets like India very closely. He is very passionate about stocks, real estate, and technology. He also believes that money can always be made in the market.

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