Internet attention will tonight shift to what is expected to be the biggest announcement from the man of the moment Tesla Motors Inc. (NASDAQ:TSLA) CEO, Elon Musk. All ears will await to hear what the ‘something else and D’ are, according to an earlier Tweet from Musk. Bloomberg’s Sam Grobart believes Tesla will unveil an All-wheel vehicle that is more powerful and efficient.
If it comes to full realization, Model-D won’t miss the all-wheel drive feature which has become a mainstream feature in the auto industry. Tesla Motors Inc. (NASDAQ:TSLA)’s Model X crossover which is to be released later is also expected to feature the all-wheel feature.
“Tesla new model-D is going to be an upgraded version of their existing Model-S but not with one but two motors. One driving the rear wheels one driving the front. The new car will be faster more powerful more efficient and will continue Tesla Motors Inc. (NASDAQ:TSLA)’s effort to bring fully electric vehicles to the masses, “said Mr. Grobart.
If you thought that Tesla might try to shift focus in terms of pricing, then you must be mistaken according to Grobart. Tesla’s cars are already expensive more than double normal available cars, something that is unlikely to change with Model-D, which is an upgrade of Model-S.
“The existing Model S already cost nearly $80,000 that’s more than twice the average amount that people spend on a new car in the U.S.. Adding an additional motor to the model-D it is not going to make it less expensive, “said Mr. Grobart
Grobart also expects Tesla Motors Inc. (NASDAQ:TSLA) to unveil a new model in the future that will be attractive to the masses in terms of pricing especially after the release of a family friendly Crossover. A smaller sedan that Tesla will try to capture the mass-market with, is expected to cost about $40,000, almost half the price range of the current Model-S.
Daniel Benton‘s Andor Capital Management held 1.25 million shares worth $300.07 million at the end of the second quarter of 2014.