Share This Article

Facebook LinkedIn
Twitter Reddit
Print Email
Pinterest Gmail
Yahoo
Money Morning
×
  • Invest
    • Best Stocks to Buy
    • Stock Forecasts
    • Stocks to Sell Now
    • Stock Market Predictions
    • Technology Stocks
    • Best REITs to Buy Now
    • IPO Stocks
    • Penny Stocks
    • Dividend Stocks
    • Cryptocurrencies
    • Cannabis Investing
    • Angel Investing
  • Trade
    • How to Trade Options
    • Best Trades to Make Now
    • Options Trading Strategies
    • Weekly Trade Recommendations
  • Retire
    • Income Investing Guide
    • Retirement Articles
  • More
    • Money Morning LIVE
    • Special Investing Reports
    • Our ELetters
    • Our Premium Services
    • Videos
    • Meet Our Experts
    • Profit Academy
Login My Member Benefits Archives Research Your Team About Us FAQ
  • Invest
    • Best Stocks to Buy
    • Stock Forecasts
    • Stocks to Sell Now
    • Stock Market Predictions
    • Technology Stocks
    • Best REITs to Buy Now
    • IPO Stocks
    • Penny Stocks
    • Dividend Stocks
    • Cryptocurrencies
    • Cannabis Investing
    • Angel Investing
    ×
  • Trade
    • How to Trade Options
    • Best Trades to Make Now
    • Options Trading Strategies
    • Weekly Trade Recommendations
    ×
  • Retire
    • Income Investing Guide
    • Retirement Articles
    ×
  • More
    • Money Morning LIVE
    • Special Investing Reports
    • Our ELetters
    • Our Premium Services
    • Videos
    • Meet Our Experts
    • Profit Academy
    ×
  • Subscribe
Enter stock ticker or keyword
×
5 Ways to Beat the Fed (and Crush Inflation)

Email this Article

Send with mail | ahoo instead.
Required Needs to be a valid email
Required Needs to be a valid email
Did Elon Musk's Big "Range Anxiety" Reveal Deliver? (TSLA)
http://bit.ly/2GLUg6Y
Required Please enter the correct value.
Twitter
Stocks: BIG, ELON, TSLA

Did Elon Musk's Big "Range Anxiety" Reveal Deliver? (TSLA)

By Tara Clarke, Associate Editor, Money Morning • @TaraKateClarke • March 19, 2015

Start the conversation

Comment on This Story Click here to cancel reply.

Or to contact Money Morning Customer Service, click here.

Your email address will not be published. Required fields are marked *

Some HTML is OK

Tesla Motors Inc. (Nasdaq: TSLA) CEO Elon Musk teased via tweet Sunday he'd "end range anxiety" for Tesla Model S drivers in an announcement today (Thursday).

In other words, a new feature would do away with all-electric car drivers' greatest fear: running out of juice on a trip where there are no battery chargers nearby. It's a big reason why electric cars like Tesla's have not made much headway against autos with gasoline engines.

Elon Musk

The Model S is already fantastic in terms of range compared to its electric competitors. Each of the four variations delivers ranges between 208 and 270 miles per charge, compared to competitors' 100 miles per charge.

Still, the news was well-received by investors - Tesla stock shot up 3.72% Monday.

But Elon Musk has been criticized in the past for failing to deliver on exactly these kinds of "teaser tweets."

Here's how the moonshot entrepreneur did today...

Elon Musk's Big Reveal

Musk announced two new features. They will both be delivered to Model S cars via an over-the-air (OTA) software update.

"Most cars don't improve over time," Musk said today. "But the Model S does get faster, smarter, and better as time passes. The car gets better as you sleep, when you wake up, it's like driving a new car."

PROFIT ALERT: 33 million units of wearable tech devices shipped in 2014. That number is expected to rise to 50 million this year. A select group of companies will rake in the dough. Here are the wearable tech companies to keep your eyes on...

The first of Musk's new Model S features is called Trip Planner, and it's aimed at optimizing long-distance trips.

Trip Planner integrates the supercharger network with Model S cars on the road. Drivers will automatically be able to locate the closest charging station. (Tesla is ever-expanding its network of supercharger stations. The stations provide free high-speed recharges to drivers for life.)

The second feature is called Range Assurance.

This is an app that communicates with Tesla cars' supercharger network and warns the driver in real-time about running out of range. The app then locates the closest supercharger and notifies the driver.

"It's a big network of Superchargers communicating with a big network of cars," Musk said. "This has never happened before."
Musk added that with Range Assurance, it's impossible to run out of range with the Model S unless "you do so intentionally."

Thirty minutes into the announcement, TSLA stock had fallen 1.5%, a sign investors are underwhelmed by the news.

Despite the market's reaction, we're not ready to call this a failure to deliver...

The Real Value in Tesla (TSLA) Stock

Musk's software update shows the entrepreneur is tuned in to the needs of his customers - a great sign for Tesla stock.

Even better for TSLA stock investors is Musk's ability to think past a product. In other words, the kind of technology Musk is working toward - fully automatic, driverless, non-gas-dependent cars - makes this company "a good long-term bet," according to Money Morning Chief Financial Strategist Keith Fitz-Gerald.

In an interview with FOX Business yesterday, Fitz-Gerald told viewers "there are three or four companies lurking inside Tesla."

Watch as Fitz-Gerald sizes up Elon Musk compared to highly-regarded Apple Inc. (Nasdaq: AAPL) founder Steve Jobs - and how investors should play TSLA stock right now:

 

Tara Clarke is an Associate Editor at Money Morning. You can follow her on Twitter @TaraKateClarke.

More on Tesla: TSLA stock has been very volatile in 2015. And the company's goal of mass-producing electric cars seems like a far-fetched dream. But there's more to Tesla than many investors realize. This is a risky stock, but one that could pay off in a big way...

Join the conversation. Click here to jump to comments…

Login
guest
guest
0 Comments
Inline Feedbacks
View all comments
LIVE
Visit Money Morning Live


Latest News

January 19, 2023 • By Money Morning Stock Research Team

These Stocks Could Go To $0

January 9, 2023 • By Money Morning Stock Research Team

The Government Is Pouring $391 Billion Into These Stocks - Buy Now

December 27, 2022 • By Money Morning Staff Reports

6 IPOs in 2023 You Can’t Afford to Miss
Trending Stories
ABOUT MONEY MORNING

Money Morning gives you access to a team of market experts with more than 250 years of combined investing experience – for free. Our experts – who have appeared on FOXBusiness, CNBC, NPR, and BloombergTV – deliver daily investing tips and stock picks, provide analysis with actions to take, and answer your biggest market questions. Our goal is to help our millions of e-newsletter subscribers and Moneymorning.com visitors become smarter, more confident investors.

QUICK LINKS
About Us COVID-19 Announcements How Money Morning Works FAQs Contact Us Search Article Archive Forgot Username/Password Archives Profit Academy Research Your Team Videos Text Messaging Terms of Use
FREE NEWSLETTERS
Total Wealth Research Power Profit Trades Profit Takeover This Is VWAP Penny Hawk Trading Today Midday Momentum Pump Up the Close
PREMIUM SERVICES
Money Map Press Home Money Map Report Fast Fortune Club Weekly Cash Clock Night Trader Microcurrency Trader Hyperdrive Portfolio Rocket Wealth Initiative Extreme Profit Hunters Profit Revolution Warlock's World Penny Nation Quantum Data Profits Live Trading Alliance Trade The Close Inside Money Trader Expiration Trader Vega Burst Trader Flashpoint Trader Darknet Hyper Momentum Trader

© 2023 Money Morning All Rights Reserved. Protected by copyright of the United States and international treaties. Any reproduction, copying, or redistribution (electronic or otherwise, including the world wide web), of content from this webpage, in whole or in part, is strictly prohibited without the express written permission of Money Morning.

Address: 1125 N Charles St. | Baltimore, MD, 21201 | USA | Phone: 888.384.8339 | Disclaimer | Sitemap | Privacy Policy | Whitelist Us | Do Not Sell My Info

wpDiscuz