Tesla Motors Inc. (NASDAQ:TSLA) CEO, Elon Musk, has successfully kept everyone guessing of what could happen next week Thursday with just a single tweet. During an interview on CNBC, Robert W. Baird’s analyst, Ben Kallo, argued that going short on Tesla Motors Inc. (NASDAQ:TSLA)’s stock won’t be the best of moves at the moment.
It all started with a simple tweet “Unveiling the D and something else” and everything erupted on what could be the ‘something else’, as well as the ‘D.’ Speculation has been ripe heading into next week’s big event especially after Musk highlighted that two things will be coming up. Unveiling of the much awaited Model-X looks certain as the company would love to refresh its product line.
“Lots of speculations today all the way from a new model to a convertible Model-S. […] I think one other thing will be the unveiling of the Model X, I think the D will be an all-wheel drive Model-S,” said Mr. Kallo.
Should Tesla Motors Inc. (NASDAQ:TSLA) decide to unveil an all-wheel upgrade of Model-S, it could be interesting to see the impact it will have on total sales according to CNBC’s Melissa Lee. Kallo is also of the opinion that an all-wheel Model-S will be a great addition in terms of sales especially in areas synonymous with snow heading into the January winter season.
“I do think it also does increase the total adjustable market. I think the more important thing though is the unveiling of Model X to see the new features on that. It is long anticipated, so we will buyers ahead of Thursday’s event,” said Mr. Kallo.
Performance enhancement of Model-S may also be in the offing with an additional traction to cater for the cold-weather climate. Some people have already suggested that Tesla Motors Inc. (NASDAQ:TSLA) may decide to bolster the batteries in its cars.
John Thaler‘s Jat Capital Management held 948,778 shares of Tesla Motors Inc. (NASDAQ:TSLA) at the end of the second quarter of 2014.