Tesla CEO Announces Model S Will Run On Gasoline After Software Update

Goodbye Range Anxiety
By Nicholas Vespa | 2015.03.18

A cryptic tweet by Elon Musk on Sunday morning left a lot of people puzzled and speculating. “Tesla press conf at 9am on Thurs. About to end range anxiety … via OTA software update. Affects entire Model S fleet.” appeared in the timelines of Musk's followers. Theories were flying around that maybe there was an optimization to the life of the onboard batteries of the electric vehicles. Others wondered if maybe there was a new algorithm that would optimize directions to charging stations. The Tesla Model S fleet has a range of roughly 285-400 miles, depending on city or highway travel and driving speed.

The theories and outlandish ideas were put to rest when the Tesla CEO announced that after an over the air software update, the entire Model S fleet would be enabled to run on gasoline. This comes as a drastic shift away from the electric-only strategy championed by the company and Tesla drivers. Analysts project that with the vehicles now running on gasoline, drivers should now be able to squeeze about 285-400 miles out a single tank of gas. The drastic improvement on mileage should put drivers at ease when traveling long distances.

Stock prices soared in trading after the news broke.