Speculation Point to Tesla (TSLA) Announcing Autopilot Hardware Update This Month

October 10, 2016 9:00 AM EDT

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Tesla (Nasdaq: TSLA) is expected to announce a new product on October 17th and speculation is heating up.

One source indicated to the Model 3 Owners Club that the announcement would be related to Autopilot hardware. The following was posted to Twitter over the weekend:

News comes following the fallout between Tesla and Mobileye (Nasdaq: MBLY) earlier this year.

Of course, this is just one speculation and Tesla might have something else up its sleeve entirely. Other ideas include a more-efficient inverter, charging system for condos/apartment complexes, and the infamous "snake charger."

Shares of Tesla are up in early trading Monday.

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