• 2 hours Iraq Wants To Build Gas Pipeline To Kuwait In Blow To Shell
  • 4 hours Trader Trafigura Raises Share Of Oil Purchases From State Firms
  • 5 hours German Energy Group Uniper Rejects $9B Finnish Takeover Bid
  • 7 hours Total Could Lose Big If It Pulls Out Of South Pars Deal
  • 9 hours Dakota Watchdog Warns It Could Revoke Keystone XL Approval
  • 1 day Oil Prices Rise After API Reports Major Crude Draw
  • 1 day Citgo President And 5 VPs Arrested On Embezzlement Charges
  • 1 day Gazprom Speaks Out Against OPEC Production Cut Extension
  • 1 day Statoil Looks To Lighter Oil To Boost Profitability
  • 1 day Oil Billionaire Becomes Wind Energy’s Top Influencer
  • 1 day Transneft Warns Urals Oil Quality Reaching Critical Levels
  • 1 day Whitefish Energy Suspends Work In Puerto Rico
  • 1 day U.S. Authorities Arrest Two On Major Energy Corruption Scheme
  • 2 days Thanksgiving Gas Prices At 3-Year High
  • 2 days Iraq’s Giant Majnoon Oilfield Attracts Attention Of Supermajors
  • 2 days South Iraq Oil Exports Close To Record High To Offset Kirkuk Drop
  • 2 days Iraqi Forces Find Mass Graves In Oil Wells Near Kirkuk
  • 2 days Chevron Joint Venture Signs $1.7B Oil, Gas Deal In Nigeria
  • 2 days Iraq Steps In To Offset Falling Venezuela Oil Production
  • 2 days ConocoPhillips Sets Price Ceiling For New Projects
  • 5 days Shell Oil Trading Head Steps Down After 29 Years
  • 5 days Higher Oil Prices Reduce North American Oil Bankruptcies
  • 5 days Statoil To Boost Exploration Drilling Offshore Norway In 2018
  • 5 days $1.6 Billion Canadian-US Hydropower Project Approved
  • 5 days Venezuela Officially In Default
  • 5 days Iran Prepares To Export LNG To Boost Trade Relations
  • 5 days Keystone Pipeline Leaks 5,000 Barrels Into Farmland
  • 6 days Saudi Oil Minister: Markets Will Not Rebalance By March
  • 6 days Obscure Dutch Firm Wins Venezuelan Oil Block As Debt Tensions Mount
  • 6 days Rosneft Announces Completion Of World’s Longest Well
  • 6 days Ecuador Won’t Ask Exemption From OPEC Oil Production Cuts
  • 6 days Norway’s $1 Trillion Wealth Fund Proposes To Ditch Oil Stocks
  • 6 days Ecuador Seeks To Clear Schlumberger Debt By End-November
  • 6 days Santos Admits It Rejected $7.2B Takeover Bid
  • 7 days U.S. Senate Panel Votes To Open Alaskan Refuge To Drilling
  • 7 days Africa’s Richest Woman Fired From Sonangol
  • 7 days Oil And Gas M&A Deal Appetite Highest Since 2013
  • 7 days Russian Hackers Target British Energy Industry
  • 7 days Venezuela Signs $3.15B Debt Restructuring Deal With Russia
  • 7 days DOJ: Protestors Interfering With Pipeline Construction Will Be Prosecuted
U.S. Shale To Become Profitable At Last

U.S. Shale To Become Profitable At Last

The recent change in strategy…

Can The Gas Glut Kill The Permian Boom?

Can The Gas Glut Kill The Permian Boom?

The natural gas glut is…

Musk Delays Tesla’s ‘Unexpected’ Product Unveiling

Tesla factory

Elon Musk tweeted on Sunday that Tesla (NASDAQ:TSLA) would be postponing a product announcement initially planned for today until Wednesday, to allow for a few more days of refinement.

Last week, Musk said on Twitter that Tesla would unveil on October 17 a product “unexpected by most”, without giving further details, sparking market and media speculation as to just what the company might be up to.

According to Business Insider, Tesla may announce Autopilot 2.0, the second-generation of its semi-autonomous driving system; or features for its Model 3; or a compact SUV; or a Tesla bus or semi-truck. it could also be none of the above.

If it’s the semi-autonomous driving system, Tesla may have to be more careful in advertising it as a true autopilot, with Germany asking Tesla to refrain from using the term “Autopilot” for its driver assistance system, Reuters reported on Sunday.

Tech news website Recode guesses that Tesla may be revealing a new version of its energy storage solutions, Powerwall and Powerpack.

No matter what the product announcement might be, Tesla and Musk are now entering a news-heavy month ahead, which begins this Wednesday with the “unexpected” product unveiling.

Tesla will also be reporting its third-quarter financial results after market close on October 26. Two days later, on October 28, Tesla and SolarCity will unveil a solar roof product, according to Tesla’s latest update on the merger and Musk’s initial tweet about this week’s product announcement.

Tesla is offering to buy solar panel maker SolarCity in an all-stock transaction with an equity value of US$2.6 billion, and won in August the approval of the Federal Trade Commission. The anti-trust regulator said that the approval was quick because the two companies had almost no overlaps in their businesses.

Last week, both companies set their respective shareholders’ meetings for November 17, during which shareholders will be asked to vote on the proposed acquisition.

By Tsvetana Paraskova for Oilprice.com

More Top Reads From Oilprice.com:



Join the discussion | Back to homepage

Leave a comment

Leave a comment

Oilprice - The No. 1 Source for Oil & Energy News