Tesla Might Unveil Its Model Y Next WeekOPY) analyst Colin Rusch, Tesla Motors Inc (TSLA) will need to raise about $12.5 billion by the end of 2018. While most of that will be put towards its pending merger with SolarCity Corp (SCTY), at least $2 billion of that will go towards its auto unit.
Much of that $2 billion will of course help ramp up Model 3 sales, but Elon Musk recently revealed that Tesla will have a surprise announcement on October 17.
Could this finally be the reveal of Tesla's Model Y?
Here are the possibilitiesMusk revealed his Master Plan Part 2 in July. If you haven't read it, it's definitely worth a few minutes of your time. In it, Musk outlines his view of the future, including likely Tesla launches.
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Specifically, Musk mentioned current development on a pickup truck, a heavy-duty cargo truck for freight shipping, and a mass transit vehicle.
There have also been rumors surrounding an electric motorcycle known as the Model M. That seems unlikely for now. The Model Y should be the closest to development and thus most likely for a reveal.
In his new Master Plan, Musk also outlined his version of an Uber-like service, allowing Tesla owners to rent out their vehicle to earn money. With Tesla's currently equipped with autonomous driving capabilities, they could instantly become the cheapest form of ride-sharing available.
Uber is currently valued at $66 billion. If Tesla reveals more details surrounding its ride-sharing business, expect the stock to pop.
While it's well behind Uber and Lyft right now, the future winner will be whoever has a large automated installed fleet, not just existing drivers. If Tesla can pull this off, it will instantly have hundreds of thousands of self-driving cars on the road (when including previous sales and Model 3 reservations).
It's no wonder that Uber's CEO once said that if Tesla made a fully autonomous car, he would buy every single one of them. Autonomous cars are that important to the future of ride sharing.
So, it's likely that the launch will include details on a Model Y or Tesla's ride-sharing foray. Investors will have to wait for the full reveal, but if it's anything close to a full product launch, Tesla shares are certain to run.