Tesla Stock (TSLA) Jumps on Plans for 'Flying' Roadster Stunt
Tesla shares rose approximately 2% to over $345 following reports that the company plans to demonstrate the 'flying' capabilities of its next-generation Roadster supercar. The stunt, potentially powered by SpaceX cold-gas thrusters, may occur at a Texas testing site this month. This announcement follows CEO Elon Musk's tweet promising flying cars in response to customer inquiries.
Shares of Tesla (TSLA) rose about 2% to over $345 per share on Friday morning. This followed a report by The Information that the EV giant plans to show off the "flying" capabilities of its next-generation Roadster supercar.
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According to the report, the stunt could be conducted at SpaceX's (SPCX) testing site in McGregor, Texas, as early as this month. The car's flying ability is expected to be powered by SpaceX's cold-gas thruster. This is a simple rocket engine type.
Tesla built its original Roadster between 2008 and 2012. It was the first electric sports car to use lithium-ion battery cells. However, the company produced only a limited number of the expensive vehicle to focus on mass-market electric cars.
Reports of the planned demonstration come days after CEO Elon Musk commented on a Twitter post. The post had said Tesla customers were promised flying cars but only got superintelligence features. In response, Musk wrote, "You will get flying cars."
