Consumer discretionary

Tesla Motors Inc (TSLA) Plans “Unexpected” Product Unveiling Ahead of Oct 28 Event

Pinterest LinkedIn Tumblr

Tesla’s Elon Musk tweets an unexpected product unveiling event on October 17, a week before the unveiling event with SolarCity

Tesla Motors Inc (NASDAQ:TSLA) has already scheduled an unveiling event along with its planned acquisition and sister company SolarCity Corp (NASDAQ:SCTY) on October 28 in San Francisco. During the past week, Tesla CEO Elon Musk announced another product unveiling ahead of the October event. Mr. Musk announced via a Tweet on Sunday that the electric vehicle (EV) company will hold a product launch “unexpectedly” on October 28, just a week ahead of the unveiling of new Tesla Energy products and solar products.

In his previous tweet in September, the Tesla man wrote that the company will unveil a solar proof that will be compatible with the Powerwall and a new Tesla charger, which would provide more colors on the solar and storage combination. Earlier today, The Country Caller reported that Powerpack 2.0 and Tesla Inverter are also been prepared to be unveiled.

We think that all of those products will be unveiled on October 28 in the event that will be focused on Tesla’s vision to become the world’s first sustainable, vertically integrated energy company. For the October 17 event, we think that product will be not related to Tesla Energy or Tesla Solar, and will be related to Tesla cars, battery technology, or autonomy.

Firstly, it has been quite a while since Tesla gave an update on the Model 3, whose higher-end versions are expected to have better acceleration and range. The automaker could unveil the higher-end variants of the compact sedan or showcase the production candidate versions of the vehicle.

Secondly, Model Y, the compact SUV, has been in the plans for years and it is expected to be introduced after the Model 3’s launch and is known to be equally important to the company. Tesla could demonstrate the first prototype version of the vehicle. It can also unveil the future cars that are included in the Master Plan; Part Deux, Tesla Bus, Tesla Pickup, and Tesla Semi; it could also be the long-awaited second generation Tesla Roadster.

Thirdly, Tesla Autopilot has gotten most of the spotlight in recent months on the back of accidents and new features incorporated via v8.0 software update. The company has been expected to roll out the Autopilot 2.0 hardware suit, as well as retrofit upgrade for the current hardware.

Fourthly, Tesla expects to start production of its new 21-70 cells at the Gigafactory later this year and the event could be a appropriate time to unveil the new cell technology, which is claimed to greater energy density leading to cost savings.

Comments are closed.