Tesla to Unveil New Product Today

Tesla (NASDAQ: TSLA) has an event scheduled for 5PM California time today (10/19/2016) where it is expected to unveil an unexpected product. This will be the second big launch for the company this year.

Earlier this April, the popular electric car manufacturer revealed its most affordable care yet, the ‘Model 3’, which had more than 400,000 preorders since. After the car was launched Musk said there would be a “big” event for the second part of the car’s launch some time later in 2016.

In the most recent filing with the SEC it was revealed that Gilder Gagnon Howe & Co. LLC boosted its stake in Tesla Motors Inc. by 24.2% during the second quarter. The institutional investor owned 808,661 shares of Tesla stock after buying an additional 157,425 shares during the quarter.  

On October 28 Tesla and SolarCity (NASDAQ: SCTY) are set to reveal a solar roof and an integrated “Powerwall 2.0 battery and Tesla charger”. 

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