(Electrek) Tesla is planning a series of surprises for the second half of the ye

Tesla had a difficult first half of the year on many levels, but the second half of the year could prove to be quite interesting as we learn that Tesla is planning a series of surprises to be unveiled by the end of the year.
It’s not that the first half was without big announcements.
We have seen the Model Y for the first time and Tesla finally launched its Supercharger V3 – though the rollout has been quite slow. And Tesla did actually launch its $35,000 Model 3 though it did come with some consequences.
However, we expect that things will ramp up for Tesla during the second half of 2019 with a series of increasingly more exciting announcements starting with…
Tesla Model S and Model X Refresh
We have already seen a partial refresh of Tesla’s flagship sedan and SUV earlier this year with a motor and suspension upgrade, but we expect something bigger to be released in a few months.
It will mainly consist of an interior design refresh, which we have been talking about for a year now.
In July of last year, we reported that Tesla is planning a significant interior refresh for Model S and Model X and we even leaked the first design drawings:


As seen in the images above, Tesla plans to bring to Model S and Model X a similar interior design as currently found in Model 3 but with an extra screen and more “premium materials.”
At the time, we were told that Tesla was planning to release the new interior early in the third quarter 2019 – although plans might have changed since last year.
While Tesla introduced a new exterior for Model S and Model X in 2016, the interior design of those vehicles has only received minor incremental improvements since launching the Model S back in 2012.
It would make a new interior long overdue, but it is also expected not to be the only significant change introduced to the lineup by the end of the year.
Tesla’s Own New Battery Technology with Maxwell
We expect Tesla to introduce a new battery technology, probably starting with Model S and Model X, by the end of the year.
Tesla’s recent acquisition of Maxwell and its dry electrode technology is a clear indicator that the automaker is upgrading its battery chemistry, but we are also expecting an announcement about Tesla making its own battery cells.
We have recently analyzed a conversation between CEO Elon Musk, CTO JB Straubel, and VP of Technology Drew Baglino about Tesla’s battery technology and we concluded that the automaker all but confirmed that they aim to introduce a plan to produce their own battery cells with Maxwell’s technology.
The new battery cells should result in lower cost, more volume, higher energy density, and even better longevity.
We have high expectations for the new technology and we expect the details to be announced by the end of the year at Tesla’s Battery and Powertrain Investor Day, which currently doesn’t have an official date.
Tesla Pickup Truck
This one is not as much of a “surprise” since Tesla has been guiding the unveiling of its pickup truck for “this summer” or “by the end of the year” for a while now, but the truck itself is apparently going to be surprising.
Musk has been talking about a futuristic design and everyone is struggling to figure out what it will look like.
We recently shared a bunch of renderings and drawings of Tesla’s Pickup truck based on new information about the official teaser:
On top of the design, we are expecting some incredible specs following comments from Musk about the truck.
Tesla is expected to unveil the truck during the second half of 2019.
Tesla Insurance
Musk has been promising a new Tesla insurance program to launch in the next few months.
Two years ago, we published an exclusive report revealing that Tesla was working on a new car insurance program, which it started offering to its customers in Australia and Hong Kong. It has since expanded into several other markets including North America.
But we learned earlier this year that it was only a first step toward building Tesla’s own insurance products and the automaker is aiming to soon release a “more compelling product.”
It was originally supposed to launch last month, but Musk said that they need to complete an undisclosed acquisition before they can launch the insurance product.
Tesla has been applying for regulatory approval of the product and it is expected to launch in the coming months.
Maybe More
There could be some more surprises before the end of the year, but it would already be a pretty full year for Tesla in terms of product announcements either way.
If Tesla was to announce something else by the end of the year, what do you think it would be? Let us know in the comment section below.

WSJ : Struggling BMW Seeks New CEO to Turn Around Fortunes The management change

Struggling BMW Seeks New CEO to Turn Around Fortunes
The management change comes as BMW grapples with a slowing global economy and flattening demand in its core markets

BERLIN—The chief executive of BMW AG BMW -0.31% , Harald Krüger, won’t seek a second term, the company said Friday, forcing the German auto maker to seek new leadership as it contends with shrinking profits and fierce competition in the fast-growing market for electric cars.

The Munich-based company said its supervisory board intends to discuss a possible successor at its next meeting on July 18, adding that Mr. Krüger will continue to hold his post until a decision is made.

The management change comes as the luxury car maker grapples with a slowing global economy, flattening demand in its core markets and a volatile trade environment. Tougher emissions regulations are also driving huge investment at BMW and across the industry to develop electric vehicles, improve existing engines and phase out diesel.

Those factors were behind BMW issuing a profit warning in March, at which point it also flagged a large cost-cutting drive and an effective hiring freeze this year.

It also swung to a loss in its core auto business in the most recent quarter, weighed down by an accounting charge relating to potential fines from a European antitrust investigation.

After nearly three decades at the auto maker and more than four years as chief executive, Mr. Krüger said, “I now want to reorient myself professionally and improve my diverse international experience into new tasks and projects.”

Shares of BMW fell roughly 0.64% to €66.78 in midday trading on Friday.

FT : Garth Ritchie quits Deutsche as investment banking chief

Garth Ritchie quits Deutsche as investment banking chief
German lender is poised to shrink the division radically after five years of decline

Deutsche Bank’s investment banking chief Garth Ritchie is leaving the bank as it plans to shrink the division radically after five years of decline and a collapse in the German lender’s share price.

On Friday, Deutsche Bank said that Mr Ritchie was leaving by mutual consent after more than 20 years, with chief executive Christian Sewing to take responsibility for the division.

The Financial Times reported in May that Mr Ritchie could quit the lender because of disagreement over cuts to the investment bank and a lack of support from shareholders.

The restructuring plan, which will be put to the bank’s supervisory board on Sunday, will lead to as many as 20,000 job cuts and more than €50bn of unwanted assets hived off into a bad bank.

Paul Achleitner, chairman of Deutsche Bank’s supervisory board, said Mr Ritchie helped the bank “to weather an extremely challenging period and we wish him all the best for the future”.

>>> US Gapping down

Gapping down
In reaction to disappointing earnings/guidance
:

  • N/A.

M&A news:

  • WPP -0.7% (acquires majority stake in Italian technology-driven creative agency Aquest)

Select 5G/chip related names showing weakness:

  • ERIC -2.6%, QCOM -2.5%, ASML -1.5%, STM -1.2%, NOK -0.5%, INTC -0.5%

Select metals/mining stocks trading lower:

  • RIO -4.6%, BBL -4.4%, BHP -3.9%, MT -2.4%, SBGL -2.4%, FCX -1.7%, X -1%, VALE -0.7%, NEM -0.7%

Other news:

  • CYAD -5% (presents preliminary interim data from ongoing SHRINK and alloSHRINK Phase 1 trials of NKG2D-based CAR-T therapies CYAD-01 and CYAD-101 for the treatment of metastatic colorectal cancer) .

Analyst comments:

  • SENS -2.6% (downgraded to Mkt Perform from Outperform at Raymond James)
  • CGC -1.4% (downgraded to Neutral from Buy at Bryan Garnier)
  • MERC -1.3% (downgraded to Neutral from Sector Outperform at CIBC)


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>>> US Gapping up

Gapping up
In reaction to strong earnings/guidance
:

  • N/A.

M&A news:

  • NRE +2.1% (to be acquired by AXA Investment Managers - Real Assets for approximately $17.03/share)  

Select EU financial related names showing strength:

  • BCS +0.8%, BBVA +0.7%, CS +0.6%, SAN +0.5%, DB +0.5%

Other news:

  • KPTI +8.5% (expects XPOVIO to become commercially available in the U.S. on or before July 10)
  • AZUL +2.1% (reports preliminary traffic results for June)
  • TEVA +1.6% (continued strength)
  • ALXN +1% (announces European Commission marketing authorization approval of ULTOMIRIS for adults with paroxysmal nocturnal hemoglobinuria)

Analyst comments:

  • N/A

>>> US Gapping up

Gapping up
In reaction to strong earnings/guidance
:

  • N/A.

M&A news:

  • NRE +2.1% (to be acquired by AXA Investment Managers - Real Assets for approximately $17.03/share)  

Select EU financial related names showing strength:

  • BCS +0.8%, BBVA +0.7%, CS +0.6%, SAN +0.5%, DB +0.5%

Other news:

  • KPTI +8.5% (expects XPOVIO to become commercially available in the U.S. on or before July 10)
  • AZUL +2.1% (reports preliminary traffic results for June)
  • TEVA +1.6% (continued strength)
  • ALXN +1% (announces European Commission marketing authorization approval of ULTOMIRIS for adults with paroxysmal nocturnal hemoglobinuria)

Analyst comments:

  • N/A

>>> US Early premarket gappers

Early premarket gappers

Gapping up:

  • KPTI +15.8%, AVGR +7.4%, TSU +2.7%, VOD +2.1%, PLUG +1.3%, BLDP +1.3%, BBVA +1.2%, AUY +1.2%, CHK +1.1%, CUK +1.1%, ALXN +1%, ORAN +1%, CCL +0.9%, SAN +0.9%, MOMO +0.9%, CS +0.8%, BCS +0.8%, DB +0.6%, TEVA +0.5%

Gapping down:

  • RIO -4.2%, BBL -4.2%, BHP -3.8%, ABB -2.9%, QCOM -2.9%, ERIC -2.6%, MT -2.3%, FCX -2.2%, SBGL -2.2%, CYAD -1.9%, ASML -1.9%, NVO -1.8%, AVP -1.5%, X -1.2%, STM -1.2%, BT -1.2%, CAT -0.9%, RACE -0.8%, NOK -0.8%, VALE -0.7%, INTC -0.7%, NEM -0.7%, WPP -0.7%

WSJ : Deutsche Bank’s Investment Banking Chief to Leave Embattled Lender Garth R

Deutsche Bank’s Investment Banking Chief to Leave Embattled Lender
Garth Ritchie has come under fire from investors for his unit’s dismal performance since he became the highest-paid senior executive at the bank

Deutsche Bank AG’s investment banking chief Garth Ritchie has agreed to leave the embattled German lender, according to a person familiar with the matter.

Mr. Ritchie and the bank have reached an agreement that will see him leave the bank’s management board at the end of July. He’s expected to stay at the bank through a transition period ending in November.

Mr. Ritchie has come under fire from investors for his unit’s dismal performance since he became the highest-paid senior executive at the bank last year.

Discussions over Mr. Ritchie’s position have been ongoing for some months as the lender continues to battle uncertainty over its future strategy, a sinking share price, regulatory interventions. The lender relies heavily on its investment bank for its revenues, but several of the units’ divisions have been struggling to cover their costs.

>>> EuroStoxx 600 - Pre-Mkt Indications

  • Osram (OSR TH) +5.2%
    • Osram Confirms $3.8 Billion Buyout Offer from Bain, Carlyle
  • Unilever (UNVB TH) +1.9%
  • Yara (IU2 TH) +1.1
  • Continental (CON TH) +0.7%
  • Grand City Properties (GYC TH) +0.7%
    • Grand City Properties Reinstated at BofAML With Buy; PT 22 Euros
  • Sartorius (SRT3 TH) +0.6%
  • ProSieben (PSM TH) +0.5%
  • Tomra (TMR TH) +0.5%
  • Infineon (IFX TH) +0.5%
  • Glencore (8GC TH) -0.5%
  • Nemetschek (NEM TH) -0.5%
  • Veolia (VVD TH) -0.6%
  • Sanofi (SNW TH) -0.9%
  • Commerzbank (CBK TH) -1.5%
    • Commerzbank Downgraded to Neutral at JPMorgan; PT 7.50 Euros

>>> Tradegate Pre-Mkt

DAX:
  • Infineon (IFX TH) +0.9%
  • Continental (CON TH) +0.7%
  • Vonovia (VNA TH) +0.7%
  • Lufthansa (LHA TH) -0.3%
    • Lufthansa Cut to Sector Perform at RBC as Outlook Weakens
  • Deutsche Bank (DBK TH) -0.5%
    • Deutsche Bank’s Overhaul and Questions Investors Are Asking
MDAX:
  • Osram (OSR TH) +5.8%
    • Osram Confirms $3.8 Billion Buyout Offer from Bain, Carlyle
  • ProSieben (PSM TH) +1%
  • Aareal Bank (ARL TH) +0.9%
    • Germany’s Private, Public Sector Banks Reach Wage Deal
  • Telefonica Deutschland (O2D TH) +0.9%
  • Deutsche Wohnen (DWNI TH) +0.8%
  • Commerzbank (CBK TH) -0.8%
    • Commerzbank Downgraded to Neutral at JPMorgan; PT 7.50 Euros
SDAX:
  • Kloeckner (KCO TH) +2%
    • Kloeckner Upgraded to Hold at Kepler Cheuvreux; PT 5 Euros
  • Jenoptik (JEN TH) +1.1%
  • Heidelberger Druck (HDD TH) +0.8%
  • Schaeffler (SHA TH) +0.7%
  • SMA Solar (S92 TH) +0.7%
  • Nordex (NDX1 TH) -0.4%
    • Nordex Order Intake a Surprise; Estimates, PT Raised at Citi
  • Suedzucker (SZU TH) -0.5%
  • Wacker Neuson (WAC TH) -2.6%
    • Wacker Neuson Holder to Offer Up to 3.77m Shrs