Tesla: Elon Musk Has Solution to Electric Car Driver Anxiety

Musk set to make an announcement Thursday about updates to electric car.

ByABC News
March 16, 2015, 3:58 PM
Elon Musk is pictured speaking in front of a Tesla Model S in Detroit, Mich. on Jan. 12, 2010.
Elon Musk is pictured speaking in front of a Tesla Model S in Detroit, Mich. on Jan. 12, 2010.
Daniel Acker/Getty Images

— -- Elon Musk has a plan to end "range anxiety," the feeling some electric car drivers have when they're nearly out of power but may not be near a charging station.

The Tesla CEO tweeted that he planned to reveal an over-the-air software update on Thursday that would affect the entire Model S fleet.

Jack Nerad, an executive market analyst at Kelley Blue Book, told ABC News Musk's plan could be a number of things, including an updated low battery warning system or an increase in range.

"I think it's [drivers'] biggest concern," he told ABC News. "Having driven electric cars myself and with that certain knowledge that if you run out of electricity, in the worst case scenario, you're going to be stranded by the side of the road ... as the miles get lower and lower it creeps to the front of your mind."

Musk fired back at critics this afternoon who might think he tweets to get a rise in Tesla stock, which is a publicly traded company.

"Some people seem to think I tweet to affect share price. This is false. A brief rise in $TSLA stock obviously does no good for Tesla or me," he wrote.