Updated
Updated · CNBC · Oct 15
Tesla to Unveil $50,000-Deposit Roadster in Texas After Nearly 10 Years of Delays
Updated
Updated · CNBC · Oct 15

Tesla to Unveil $50,000-Deposit Roadster in Texas After Nearly 10 Years of Delays

3 articles · Updated · CNBC · Oct 15

Summary

  • Thursday’s livestream from SpaceX’s McGregor, Texas, test site is set to showcase Tesla’s next-generation Roadster, with executives expected to give pricing, specifications and production targets.
  • Nearly 10 years after Tesla began taking deposits, the company has missed every delivery target for the model and recently reopened reservations in the U.S., Canada and China with $50,000 deposits.
  • SpaceX-derived features are central to the pitch: Musk has said a rocket-thruster package could boost acceleration and braking and may even let the low-volume sports car hover.
  • FAA filings show Tesla secured a no-fly zone around the site, and an Oct. 1 demonstration was scrapped because of weather.
  • The Roadster is unlikely to move Tesla’s finances materially, but the reveal lands just before the company reports third-quarter results on Wednesday.

Insights

After missing its 2025 targets, will Elon Musk's rocket-powered halo car finally prove it is more than just a $50,000 reservation stunt?
With a strict 10,000-foot no-fly zone secured, is Tesla's new Roadster about to blur the line between a street-legal car and an aircraft?
How will regulators handle an electric sports car equipped with SpaceX thrusters that allegedly possesses the ability to hover over public roads?