Tesla to reveal new product on October 17

Tesla founder Elon Musk stated that electrical automobile maker will announce a new product on October 17.

Musk, who’s is also the company’s chairman and CEO, didn’t elaborate on his announcement, issued on Twitter, but stated the item is “unexpected by most”. Tesla could not right away be reached for comment.

Tesla product unveiling on the 17th (unexpected by most), followed by Tesla/SolarCity on the 28th

— Elon Musk (@elonmusk) October 9, 2016

Tesla formerly revealed plans to reveal on October 28 a new solar roof that was jointly produced with SolarCity, the solar power product developer that Tesla consented to purchase earlier this year for $2.6 billion. Musk said the unveiling is on schedule and shot down speculation that the business, burning through money, will have to raise equity or debt in the fourth quarter. “Won’t be necessary for either,” he tweeted.

Would also like to correct expectations that Tesla/SolarCity will need to raise equity or corp debt in Q4. Won't be necessary for either.

— Elon Musk (@elonmusk) October 9, 2016