Tesla Unveils 2028 Flying Roadster as Shares Jump 5%
Updated
Updated · CNBC · Oct 16
Tesla Unveils 2028 Flying Roadster as Shares Jump 5%
3 articles · Updated · CNBC · Oct 16
Summary
Tesla shares climbed nearly 5% premarket after the company unveiled its second-generation Roadster and said production is expected to begin in 2028.
The new model uses SpaceX-developed rocket-style thrusters, and Tesla showcased aerial maneuvers at a Thursday event while calling it the world's first flying car.
SpaceX shares also rose more than 1%, helped by the Roadster reveal as well as an Evercore ISI price-target increase and Blue Origin's plan to ramp New Glenn launches by decade-end.
The launch put Tesla at the center of premarket trading, outpacing moves in other major names including Alcoa's gain and declines in CoreWeave, Netflix and Travelers.