What Secret Project is Tesla (TSLA) Working On? And What's In a Name?
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Price: $406.43 +1.82%
Rating Summary:
29 Buy, 26 Hold, 16 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 5 | Down: 11 | New: 27
Rating Summary:
29 Buy, 26 Hold, 16 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 5 | Down: 11 | New: 27
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Still recovering from the Model S fire and related PR nightmare, Tesla (NASDAQ: TSLA) may have some new secret things up its sleeve, according to Global Equities Research analyst Trip Chowdhry.
According to the analyst, Tesla is likely working on a stealth project related to Grid Storage and Grid Parity Storage. He said there are probably 5 engineers currently working on the above initiative and this group may grow to 20 engineers within next 6 to 8 months. A product offering in Grid Storage and Grid Parity Storage could come within next 2 to 3 years, he said.
On a lighter note, Chowdhry claims there has been a logic behind the Tesla car names... think SEXY. The first model was the S. The next was the X and the next will likely be Y. He said Tesla wanted to name a Model E, but Ford said they would file a trademark infringement against the company if they had.
According to the analyst, Tesla is likely working on a stealth project related to Grid Storage and Grid Parity Storage. He said there are probably 5 engineers currently working on the above initiative and this group may grow to 20 engineers within next 6 to 8 months. A product offering in Grid Storage and Grid Parity Storage could come within next 2 to 3 years, he said.
On a lighter note, Chowdhry claims there has been a logic behind the Tesla car names... think SEXY. The first model was the S. The next was the X and the next will likely be Y. He said Tesla wanted to name a Model E, but Ford said they would file a trademark infringement against the company if they had.
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