Tesla Inc (NASDAQ:TSLA) shares gained more than 4% in midday trading on Monday after the electric vehicle (EV) maker posted a series of cryptic posts on X hinting at a new product launch.
Tesla published gifs on Sunday of a spinning company logo with the date "10/7" and what looked to be car headlights shining through smoke.
The company last made a major product announcement about a year ago, when it revealed its self-driving "Robotaxi."
The teaser image on X has sparked speculation that Tesla could finally be about to launch the next-generation Roadster or a mass market model.
In September, CEO Elon Musk wrote on X that “the new Roadster is something special beyond a car.”
Last week, Tesla reported that EV deliveries in the September quarter rose 7% year over year, surpassing Wall Street expectations.
Shares of Tesla have gained 18% year to date to its current price of $447.67.