If anyone can move the share price of their own company with so much as tweet, it’s Tesla Motors Inc (NASDAQ:TSLA) CEO Elon Musk.
No surprise then that TSLA stock suddenly surged just before noon as Musk tweeted about an upcoming product announcement today.
Tesla product announcement at noon California time today
— Elon Musk (@elonmusk) August 23, 2016
The market is clearly buying the hype without so much as a hint at what Musk is selling, as Tesla stock is up about 1.5% on the tweet.
Sure to make a meta-minded and simulation-happy Musk blush, the media is quickly piling speculating on top of speculation. Could we see Musk take us under the hood of its first fully self-driving car?
Options for the TSLA Stock Announcement
After all, over the past week we’ve got updates of the autonomous kind from both Ford Motor Company (NYSE:F) and Uber. The former plans to have its first fully autonomous vehicles on the streets by 2021, while the latter is teaming up with Volvo to offer autonomous rides to Pittsburgh riders by the end of the summer.
Or, while we could be on the brink of Autopilot 2.0, it’s also plausible that we’ll see a new 100 kWh battery for the Model S and Model X, which could extend the driving range for both cars into 380-mile territory.
Regardless of the unveiling, expect the share price of Tesla to swing wildly in either direction sometime after 3 p.m. Eastern standard time today.
As of this writing, John Kilhefner did not hold a position in any of the aforementioned securities.
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