Tesla Motors Inc (NASDAQ:TSLA) is expected to make an announcement on October 9 event. Tesla’s CEO, Elon Musk has earlier triggered a lot of speculations with a tweet regarding the October 9 event, which said “Time to Unveil the D and something else”. Many concluded that the event will unveil the latest Tesla’s Model D vehicle, but ‘something else’ has triggered a lot of guess game from investors and public. Brittany Umar reported on ‘The Street’ about the speculations surrounding the October 9 event and expectations out of it.
Umar pointed out that the Musk’s tweet has sparked a lot of speculations about the Tesla Motors Inc (NASDAQ:TSLA)’s event on October 9, which includes unveiling of a car with automated driving capabilities.
“[…] Musk had previously indicated, the company has plans to implement autonomous driving technology, but now a source cited by Bloomberg says Tesla is set to offer a suite of high-tech features, including one that keeps the car in its lane,” Umar mentioned.
She added that Tesla Motors Inc (NASDAQ:TSLA) is not the only company to move in the direction of autonomous driving technology. She mentioned that many other auto makers have also emphasized the application of automated lane technology in their vehicles.
Umar pointed out that Ford Motor Company (NYSE:F) has been working on cars with connectivity features, which might allow the cars to be connected to home and outside world. She also mentioned General Motors Company (NYSE:GM)’s CEO, Mary Barra’s announcement about enabling hands free and feet free highway driving capability in their Cadillac models by 2016. GM’s announcement certainly means inclusion of automated lane technology in their Cadillac models by 2016.
So what will be new in the announcement that Tesla Motors Inc (NASDAQ:TSLA) makes on October 9 still remains a mystery? We have to wait for the October 9 event to see what new high-tech features, other than automated lane technology will be included in Tesla Motors Inc (NASDAQ:TSLA)’s vehicle.
As of 30 June 2014, Ken Griffin’s Citadel Investment Group hold around 46.5 million Tesla Motors Inc (NASDAQ:TSLA) shares.
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