Tesla shares jump 4.6% on Roadster unveiling
- Tesla shares rose 4.6% to $379 in premarket trading after the company unveiled a redesigned Roadster developed with Elon Musk's SpaceX.
- The electric sports car features rocket-style thrusters, with Tesla claiming acceleration from 0 to 60 mph in under one second.
- Tesla is targeting production in 2028, positioning the Roadster as a demonstration of its engineering capabilities after years of development delays.
Tesla (NASDAQ:TSLA) shares rose 4.6% to $379 in premarket trading after the automaker unveiled a redesigned Roadster developed with SpaceX, featuring rocket-style thrusters and a 2028 production target.
The premarket increase followed a period of weaker stock performance, with Tesla shares down 19.4% year to date as of the previous close.
"This will be the actual car that's on the roads," said Tesla CEO Elon Musk during the Roadster demonstration.
The redesigned sports car uses compressed-air thrusters developed with SpaceX and demonstrated acceleration from 0 to 60 mph in under one second, according to Tesla.
Tesla said the Roadster is intended to demonstrate its vehicle engineering capabilities, with production targeted for 2028.
Following the unveiling, its shares were up 4.6% at $379 in the reported premarket session.
The second-generation Roadster was first introduced in 2017 with an initial production target of 2020, but the company subsequently postponed its release several times.
Tesla has also expanded its focus toward autonomous driving, artificial intelligence and robotics, including its Cybercab and Optimus projects, while preparing to report third-quarter earnings on October 21, 2026.
