Tesla new product unveiling set for October 17 – Elon Musk

Tesla’s aims according to CEO, Musk, are to be an independent automaker, which will eventually offer electric cars at affordable prices to the average consumer.

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Tesla unveiled the Model 3 earlier this year but the initial unveiling was just one part of the two-part unveil that the company came up with for its first affordable electric auto. Musk added that the company would probably not need to raise any equity or debt in the first quarter of 2017 either. This is because the investment firm expects Tesla to increase expenses related to sales and marketing and research.

A concept of the “Tesla Model M” eletric motorcycle.

Others have suggested that Tesla has been working on an electric two-wheeler, such as Edward Patel, who tweeted: ‘Time for a motorcycle maybe?’

Tesla didn’t respond to Bloomberg’s requests for comment.

Musk is also expected to unveil details of a new Solar Roof project, which would see house roofs be made out of solar panels, rather than have separate panels installed on a traditional tiled roof.

Being the forward-thinking brainiac that Musk is, it’s likely that any speculation will be incorrect, particularly if the product has been deemed unpredictable to the majority. Now, it looks like Elon Musk is scamming Tesla investors by agreeing to acquire SolarCity. Musk has touted the synergies between the two companies – where Musk is chairman (SolarCity) and CEO (Tesla) – as a proposed merger goes before regulators and shareholders. Musk mentioned at the Code Conference in June 2016 that there will be another Model 3 event toward the end of the year. In the short term, this is more likely to come in the form of a pickup truck rather than a Semi-though it would be unwise to rule anything out when it comes to the billionaire polymath. It could also be a Roadster 2.0 or improvements in the autonomous driving system which the company has been busy building dedicatedly.

The company has many highly anticipated launches in tow.

It could be that Tesla is trying to generate hype for its electric SUV as the space gets more crowded. Barclays PLC set a $165.00 price target on shares of Tesla Motors and gave the company a “sell” rating in a report on Tuesday, July 19th.