Tesla’s new spectacular feat of engineering won't necessarily translate into stronger revenue and earnings growth.
Tesla’s new spectacular feat of engineering won't necessarily translate into stronger revenue and earnings growth.
Tesla (TSLA +1.53%) hasn't had such a good year. The company's shares are down by 16% to date. However, the company has made notable progress. It has expanded its robotaxi business to new cities, introduced the Cybercab, a self-driving vehicle dedicated to its robotaxi ambition, and recently, the electric vehicle (EV) maker showed off a flying car. Yes, you read that right. Could this new development be the catalyst that sends Tesla's stock soaring?
Tesla's first car was the Roadster. But the company had not introduced a second generation of this vehicle since its initial debut. It has now done so. On Oct. 15, Tesla revealed the second-generation Roadster, and in true Tesla fashion, it was quite a show. One version of the car drove up a curved ramp and ended up upside down at some point.
Most cars would succumb to gravity under these conditions, but the Roadster used suction to avoid falling, then used cold-gas thrusters to flip itself midair and land safely on its wheels. That wasn't the end of the show. The Roadster also used the same technology to flip itself over a lineup of some of Tesla's other cars. That's impressive, but what does all this mean for the company?
A minor financial impact
Tesla first announced it was working on a brand-new Roadster years ago. The company predicted it would begin deliveries in 2020 and said the cost would be $200,000. That didn't happen, but were the flight capabilities of the new Roadster worth the wait? Note that only one version can fly, and that one isn't available to the general public.
The technology would require regulatory approval to be on public roads. The non-flying versions will be available to the broader public.
These will be high-performance luxury vehicles, and they will be expensive. Tesla hasn't announced the prices yet, but the base version can be reserved for $50,000, while the version with cold gas thrusters on the back has a reservation price of $250,000. The company is planning to start production in 2028.
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NASDAQ · As of 4:00 PM ET 10/20/26
Averytin News Financial update.