Tesla Motors Inc (NASDAQ:TSLA) CEO Elon Musk, tweeted Monday about the company’s plans to launch its major new product line other than cars, it could be motorcycles, predict analysts. Musk announced its intent to come up with a new product, except cars, expected to be revealed at company’s Hawthorne Design Studio on April 30.
Suspense over the Tesla product?
About the product, Musk claimed “We have the design done, and it should start going into production [in] probably about six months or so,” and promised that the product will be unveiled soon. However, he did not reflect much on what this new product is going to be, apart from the hint that there is not another electric car in the pipeline.
Though, Tesla Motors Inc (NASDAQ:TSLA) CEO has not indicated anything about the nature of the product, but some predict this to be home battery as the company is nearing launch of a stationary battery pack while some are anticipating this mysterious reveal to be motorcycles.
Rob Enderle, principal analyst at Enderle Group, told Benzinga that Musk might be looking to launch motorcycles. The analyst said that a number of people having been meeting the CEO in this regard, adding “motorcycles would be a natural extension,” as they could hit the stores without much hassle.
Why not a battery?
Moreover, Enderle rejected the possibility of an upcoming battery claiming it to be a technological advancement rather than a product. This is, in line, with comments made by JB Straubel, Tesla Motors Inc (NASDAQ:TSLA) chief technology engineer, which argued that the production for a consumer battery pack would not initiate for another six months.
Further, Enderle also pointed out at the probability of an electric-powered aircraft, but figured that the ‘range is not very good.’ Also, it is worth noting that Musk tweeted about flying cars last week.
However, most of Musk’s followers believe that home battery is going to be the most probable announcement. Sean Undall, CIO of Quantum Trading Strategies, told Benzinga that the rumored battery is his first guess, though he could also imagine motorcycles as a future possibility. Additionally, he suggested that electric battery could prove efficient for motorcycles.
But, whatever this new product is going to be, the news of its advent has already created a spark in the market. Tesla Motors Inc (NASDAQ:TSLA) shares shot up after the news of an upcoming major product line went out.