Product News & Analysis

Tesla (TSLA) to Unveil Next-Gen Roadster After Years of Delays

Tesla (TSLA) is set to reveal its long-awaited next-generation Roadster this Thursday. This event marks almost a decade since the company initially started accepting deposits for the new electric sports car. The launch presentation will be livestreamed from a SpaceX test site in McGregor, Texas, starting at 7:55 local time (8:55 ET). This next-gen Roadster is anticipated to be a high-end, low-volume model, utilizing SpaceX technologies, such as cold gas thrusters, for unique features including hovering capabilities. The original Tesla Roadster, which launched in 2008 and was sold until 2012, was built on a Lotus Elise chassis and was priced at around $100,000. Tesla has reopened reservations for the updated model, requiring a $50,000 deposit. Despite the excitement among Tesla fans, this model is expected to have a negligible financial impact on the company's overall performance. During the upcoming event, Tesla executives are expected to share further details regarding pricing, specifications, and production targets. For investors, this event highlights Tesla's ongoing engagement with innovative automotive technology and product diversification. However, the limited volume production of the Roadster suggests it will not significantly influence Tesla's revenues in the near term.