Market Overview

Tesla Range Anxiety Conference: A Play-By-Play Recap

Tesla Range Anxiety Conference: A Play-By-Play Recap
Related TSLA
Greenlight's Q4 Letter Reveals Another Tough Quarter For David Einhorn
18 Stocks And ETFs To Watch In 2018
Move Over Tesla, Ford Is Here To Take Over The EV Market (Seeking Alpha)

Tesla Motors Inc (NASDAQ: TSLA) CEO Elon Musk tweeted earlier this week about a special conference to announce an "end to range anxiety." The conference is scheduled to begin at 12 p.m. ET.

UPDATE: Shares down more than 1.8 percent at $196.97
12:45pm: Conference call has ended.
12:43pm: Musk: We don't see the Range Accuracy prediction being affected by traffic.

Heavy traffic not nearly a big deal for elec. cars compare dot gas cars
12:40pm: All cars have 3G; rolling out LTE right now
12:39pm: Aiming for every 3-4 months for software updates.
12:38pm: When asked how the car will know if driver is paying attention, Musk says perhaps a torque detector on steering wheel
12:37pm: Musk compares auto-pilot to that of an airplane; pay attention, but car should take care of you
12:35pm: Musk: Can't give everything away (chuckles) Got to save something for the next call.
12:34pm: Trying to stay ahead of supercharger demand; this year, we're going to approx. double supercharger deployment
12:32pm: Auto-steering only enabled once a driver is on highway or major road. Or private property at low speed - ultrasonic sensors can detect and car can navigate in the dark
MID-DAY UPDATE: Shares dropped sharply early into the conference, down more than 1 percent at $198.70, but were trending upward.
12:27pm: Proportionally added more chargers in China than anywhere else in the world. We are seeing steady improvements.
12:26pm: Car will route driver to supercharge station that isn't busy.
12:25pm: Tesla is as much software co. as it is a hardware co. View updates the same as updating phone or laptop
12:23pm: Musk: 200 miles is a min. threshold for a car. That's a passing grade. People are looking for 20-30% more. We're looking for closer to 300 miles.
12:21pm: Model X coming out this summer; has some elements people haven't seen in show cars
12:20pm: The car is becoming more sensor-aware; turning on more senses.
12:19pm: Musk: Intelligent charging stations and an intelligent car communicating in a big network. That's never existed before.
12:18pm: Car will look up charge stations in realtime, once every 30 seconds.
12:16pm: Musk: Significant supercharging stations coming to Australia
12:15pm: Q& A session begins.
12:13pm: Adding the Summon button, allows you to hit a button on your phone and have the car come to you. Car will park itself in garage and close the garage door.
12:12pm: Version 7 will have complete view and auto-steering; able to drive from San Francisco to Seattle without touching anything.
12:11pm: Adding active safety squares: auto-emergency braking - will be in all Tesla cars manufactured from Oct. 2014
12:09pm: Second feature: Trip planner; Model S will automatically direct you to charge location
12:09pm: It will be 'impossible to run out, unless you do so intentionally.'
12:08pm: Musk introduces 'range assurance'; Map shows you most convenient and closest locations
12:07pm: Most people don't have range anxiety; these updates (Update 6.2) it's helpful for people who don't have Model S
12:06pm: Musk: Most cars don't improve over time.
12:05pm: Tesla will not be talking about stock price or company financials
12:03pm: Ricardo Reyes and Elon Musk will be on the call
12:02pm: Conference will begin momentarily
11:50am: Shares of Tesla up slightly on the day at $201.57

Here are some recent articles on Tesla:

How Much Can Tesla 'Push The Envelope' On Battery Technology With Software?

Elon Musk Making More Headlines Ahead Of Thursday's Conference

TheStreet's Chris Ciaccia On Tesla: Updates, Range Anxiety Will Have Little Impact On Sales

Posted-In: Elon Musk range anxietyNews Events Best of Benzinga


Related Articles (TSLA)

View Comments and Join the Discussion!