Elon Musk Will Unveil an ‘Unexpected’ Tesla Product Next Week

The internet rumor mill has been cranked up to the max after billionaire businessman Elon Musk let slip about an “unexpected” new Tesla product launch for October.

Musk is the biggest shareholder in SolarCity and Tesla Motors Inc (NASDAQ:TSLA), and is also the chairman of the solar firm, where his cousin, Lyndon Rive, is the CEO. What do you personally think about this price fall? The funds will include potential equity or debt offerings which are subject to market conditions and recognizing that Tesla can not be certain that additional funds would be available to it on favorable terms or at all. “Won’t be necessary for either”.

Some experts speculate that the company may raise capital anyway, despite not “needing” to do so.

A Tesla spokeswoman did not immediately reply to a request for comment on Sunday.

As part of Tesla’s audacious plan to make ten times as many cars as it did previous year by 2018, the electric vehicle maker led by Elon Musk is planning on aggressively expanding its space at its factory in Fremont, Calif. Its lower-cost Model 3 is also due out next year.

All-in-all, though, Musk would probably call 2016 “a good year”.

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.

He built about 50,000 vehicles past year at Tesla’s Fremont factory. The prospects could add 3,100 more jobs to the site and almost double the size of the factory. Engineers at Tesla have been working on an SUV and the company is expected to cover the segment of rival companies such as Mercedes which already have their SUV designs. “California continues to be the epicenter of Tesla’s manufacturing capabilities and we are proud to be the state’s largest manufacturing employer”. For example, some analysts are positive on Tesla’s ability to execute on its second-half delivery guidance of 50,000 units. The Company delivers energy storage products under the Tesla Energy brand.

Darrell Etherington, a writer at TechCrunch, said that it’s possible Tesla will unveil a brand new vehicle or showcase improvements to its autonomous tech for existing cars. “Whether that’s actually wise is a separate question“, he told analysts at the time.