Consumer Discretionary Market Speculations Are on Rise as Tesla Motors Inc (NASDAQ:TSLA) Secret Product Launch Draws Near

Market Speculations Are on Rise as Tesla Motors Inc (NASDAQ:TSLA) Secret Product Launch Draws Near

Published By Blake Audett at October 19, 2016 10:34 am

Tesla Motors Inc. (NASDAQ:TSLA) is about to launch its secret product, which according to CEO Elon Musk, is “unexpected by most.”  The new product is coming when the company already is yet to launch several new products, including Solar Roof and mass market car Model 3 by late 2017.

TSLA will announce the new product later today, and markets are already going wild to speculate what the new product may be. Electrek has made a poll on its website, asking to vote for what could be a possible secret product of Tesla Motors.
According to the magazine, over 39% of the readers think that the new product can be Autopilot 2.0 or a Tesla Vision. Considering Tesla Motors is taking its autonomous driving software Autopilot very seriously, especially after Joshua Brown’s death, it plans to make the system safer and more compatible.

The second most voted new product is Tesla Glass; the magazine reported the company was working on it.

Amongst the list of possible new products also include Model Y.  According to the previous update on Model Y, Elon Musk announced that it would be a crossover variant of Model 3, built on the chassis of a mass smaller electric sedan. Nothing more is disclosed about Model Y; however, we know it will be in the top production list of Tesla Motors.

Considering Tesla Motors is ramping up its production, it is also likely that supporting a new electric car model is fruitful for the automaker. A Model Y can create a buzz amongst Tesla fans and investors, who believe Tesla needs to take its automotive business seriously.

But whatever the new Tesla’s secret product may be, the company can create hype on the Internet. The hype is also proving positive for the stock price, as it is up 0.18% during pre-market hours.