- Tesla yesterday released a hardware update to its autopilot function which is likely to improve safety.
- Tesla is likely to report a strong quarter on the back of strong delivery numbers.
- The SolarCity deal will continue to be a drag on Tesla stock.
On Wednesday, October 26th,
"As of today, all Tesla vehicles produced in our factory – including Model 3 – will have the hardware needed for full self-driving capability at a safety level substantially greater than that of a human driver,"
Musk also told the reporters that Tesla plans to do a cross-country ride from LA to New York "without the need for a single touch" by the end of 2017. This will put Tesla ahead of its rivals in the self-driven cars space. The new launch will definitely help the sentiment going into the earnings.
Tesla Will Report A Strong Earnings
Tesla is likely to report very strong Q3 earnings. It has already topped analysts estimates for vehicle deliveries in the third quarter. The company delivered 24,500...