Tesla Motors Inc To Unveil All-Wheel-Drive System?

Tesla Motors Inc To Unveil All-Wheel-Drive System?
Blomst / Pixabay

There has been no official confirmation of what the event is about, but Musk released a torrent of speculation when he tweeted: “about time to unveil the D and something else.”

Tesla Motors Inc (NASDAQ:TSLA) shares surged 4% the day after the tweet, and analysts have been speculating as to exactly what will be unveiled.

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Tesla all-wheel-drive?

At present, Tesla Motors Inc (NASDAQ:TSLA)’s only vehicle, the Model S sedan, is rear-wheel drive. Analysts claim that this has impacted sales in snowier regions and in Europe, and that “the D” refers to a dual-motor, all-wheel-drive system.

Market rivals such as Mercedes Benz and Audi offer all-wheel-drive on their high-end models in the price range of the Tesla Model S ($72,000 to $95,740 before tax credits or rebates)

“If Tesla wants to be seen a true competitor to brands like Audi, BMW, Jaguar and Mercedes-Benz, it needs to offer all-wheel drive,” said Karl Brauer, a senior analyst at Kelley Blue Book.

The company presumably hopes that adding the feature will improve sales. The company sold 13,850 cars in the U.S. through September, a 3% decrease on figures from last year.

Or driver assistance?

Tesla Motors Inc (NASDAQ:TSLA) has already announced that its new Model X crossover will offer an all-wheel-drive system, and upgraded its factory in the San Franci