Tesla Motors Inc (TSLA)’s and Mobileye NV (MBLY)’s Shares Up Prior to Model “D” Announcement, Tesla Motors (TSLA) Gained $2 Billion After Musk’s Tweet

Tesla Motor (TSLA)

How much value could a single Tweet add to a company? Well, the shares of Tesla Motors Inc (NASDAQ:TSLA) have gained 6% since October 1 when the CEO tweeted “it was time to unveil D and something else.” An analyst confirmed that the “D” stands for driverless in the latest offering of the electric carmaker.

Trip Chowdhry, Global Equities Research, caught the first look of the new Model S from Tesla outside a restaurant 3 miles away from the Tesla Factory. He added that these pictures show a front sensor in the car along with two more cameras and another sensor around its rearview mirror. Chowdhry further added that the car was equipped with the semiautonomous driver-assistance features.

Tesla Motor (TSLA)

The other surprise from the company might be a prototype of its mass-market offering, Model 3, which is likely to be available in the next 2 to 3 years, added the analyst. Model 3 is likely to put the car in average customer’s reach and Tesla Motors Inc (NASDAQ:TSLA) is banking on this model to reach Musk’s target of shipping 500,000 cars annually by 2020.

The market speculations of the use of driverless technology in Tesla Motors Inc (NASDAQ:TSLA)’s Model S find some ground after considering Musk’s statement to CNN that he aims for “90% autonomous” features for the car in 2015.

Mobileye NV (MBLY),

Mobileye NV (NYSE:MBLY) is another company reaping the benefits of all the tech chatter surrounding driverless technology. The company prepares chips and software powering in-car cameras, which can help driverless cars avoid collisions. Mobileye NV (NYSE:MBLY) has gained 5% since Musk Tweeted about the latest Model D and the company has witnessed 51% increase in its share prices since its IPO in August. Shares of Mobileye NV (NYSE:MBLY) closed at $56.07 yesterday with a current market cap of $12.07 billion.

This article has been written by Prakash Pandey and edited by Serkan Unal.

Related News:

Tesla Motors Inc (TSLA) Faces United Opposition Of U.S. Dealers Favoring Franchise System

Tesla Motors Inc (TSLA)’s Release-To-Be Adds to Mobileye NV (MBLY)’s Bullish Momentum

Read: The 10 Poorest Cities in America

 

Related posts

*

*

Top

Warren Buffett's Best Picks

Warren Buffett's these stock picks will crush the market over the next 12 months. Get our report FREE by becoming a member now