Tesla Unveils Thruster-Powered Roadster With Mid-Air Capabilities, Production Set for 2028

An engineering flex with no commercial value beyond embarrassing traditional car makers
Gene Munster, a Tesla investor, on whether the thruster-powered Roadster represents genuine innovation or marketing spectacle.
Mark

So Tesla just showed a car that can do mid-air flips. Is this actually happening, or is this vaporware again?

Mimi

It happened at the event—they demonstrated it in person at a SpaceX facility in Texas. The thrusters are real, the flips were real. Production is planned for 2028.

Luke

But we should be clear: this is a prototype demonstration, not a production vehicle. We don't know how reliable the system is, what it actually costs to manufacture, or whether the 2028 date will hold. Tesla has missed Roadster deadlines before.

Mark

Right. So what's the actual point? Why build a flying car?

Mimi

That's the question everyone's asking. Musk says it's about pushing engineering boundaries. Analysts say it's about giving Tesla a luxury halo car—something to showcase the brand's capabilities.

Luke

Or it's marketing. Gene Munster from Deepwater Asset Management called it "an engineering flex with no commercial value." He thinks it's partly about building interest in a potential Tesla-SpaceX merger.

Mark

How much will it cost?

Mimi

Tesla hasn't announced a base price. They're taking deposits: $50,000 for the Performance version, $250,000 for the Thrust version with thrusters. There's also an invite-only Rocket variant.

Luke

Those are deposits, not final prices. And the Rocket variant's price isn't even public. We're talking about a car that won't be in production for two years, with pricing that's still being figured out.

Mark

Is this what Tesla should be focused on right now?

Mimi

That's the real tension. Tesla is shifting toward self-driving tech and robotics. They stopped making Model S and X vehicles to build humanoid robots instead. Sales of their current lineup have declined.

Luke

And their earnings report comes in days. That's where investors will actually see whether Tesla's strategy is working. The Roadster is theater. The quarterly numbers are the real story.

  • A white two-seater drove upside down, rotated mid-air, and leapt over a row of vehicles — spectacle so extreme that some onlookers questioned whether what they were seeing was real.
  • The reveal carries the weight of broken promises: Musk first pledged a next-generation Roadster with 600-mile range and 2020 deliveries, and neither materialized — production is now set for 2028.
  • Deposit tiers ranging from $50,000 to $250,000 — with an invite-only, single-seat 'Rocket' variant carrying no listed price — signal a vehicle aimed at mythology as much as the market.
  • Skeptics inside the investment community are calling it an 'engineering flex with no commercial value,' and some analysts suspect the real subtext is building momentum for a Tesla-SpaceX merger.
  • Tesla's earnings report, days away, looms larger for investors than any thruster demonstration — margin and cash flow will speak where spectacle cannot.

In the Texas desert, Tesla and SpaceX staged a demonstration that blurred the line between engineering achievement and performance art, unveiling a Roadster capable of mid-air flips and rocket-assisted jumps. The vehicle, years delayed and priced beyond ordinary reach, arrives at a moment when Tesla is quietly reorienting itself away from the automobile and toward machines that think and move autonomously. Whether this flying car represents a genuine leap in what transportation can become, or a carefully choreographed distraction from harder questions about Tesla's commercial trajectory, is a question the market will answer long before the first Roadster rolls off the line in 2028.

On a Thursday evening at a SpaceX facility in McGregor, Texas, Tesla unveiled a redesigned Roadster that performed stunts more associated with action films than automotive launches — driving upside down via suction, rotating mid-air, and leaping over a row of vehicles using built-in rocket thrusters developed with SpaceX. Tesla engineering chief Lars Moravy announced the car can reach 60 mph in under one second and exceed 230 mph, prompting Elon Musk to note it approaches half the speed of sound. Range exceeds 300 miles per charge, though that figure falls well short of the 600-mile promise Musk made in 2017, when he also said deliveries would begin in 2020.

Three variants were announced: a $50,000-deposit Performance model, a $250,000 Thrust version with acceleration thrusters, and an invite-only single-seat Rocket variant with no public price. No base price was given, despite Tesla quoting $200,000 nearly a decade ago. Production is scheduled for 2028.

The crowd responded with awe, but analysts were more measured. Gene Munster of Deepwater Asset Management — a Tesla investor — dismissed the demonstration as an 'engineering flex with no commercial value,' suggesting the Tesla-SpaceX collaboration was less about the car and more about stoking speculation around a potential merger of Musk's two companies.

The reveal arrives as Tesla pivots strategically toward AI, robotics, and autonomous vehicles. The company has halted sales of its Model S and Model X to redirect capacity toward its Optimus humanoid robot, and recently launched the Cybercab robotaxi. Musk himself once called the Roadster a 'small potato situation' financially, yet analysts like Seth Goldstein of Morningstar argue it fills a symbolic gap — Tesla currently has no halo car to showcase its engineering ambitions.

With Tesla's third-quarter earnings report days away, investors are watching balance sheets more closely than rocket flips. The Roadster's deeper question — genuine innovation or masterclass in spectacle — may matter less to Musk than to the shareholders waiting for the numbers.

On Thursday at a SpaceX test facility in McGregor, Texas, Tesla pulled back the curtain on a vehicle that looked less like the future of transportation and more like a stunt. The redesigned Roadster, a white two-seater developed alongside Elon Musk's rocket company, drove upside down across a ramp using a suction system, rotated mid-air, and landed on its wheels using built-in thrusters. Later, it launched itself over a truck and other vehicles, twisting through the air before touching down. The company announced production would begin in 2028—more than a decade after Tesla first showed a next-generation version of this sports car to the world.

The engineering on display was undeniably striking. The Roadster can accelerate from zero to 60 miles per hour in less than one second and reach speeds exceeding 230 miles per hour, according to Tesla vehicle engineering chief Lars Moravy. When Moravy mentioned the top speed, Musk interjected with characteristic enthusiasm, suggesting the car was fast enough to approach half the speed of sound. The vehicle's range exceeds 300 miles on a single charge—a figure that falls short of what Musk promised in 2017, when he said the second-generation Roadster would travel over 600 miles per charge and deliveries would start in 2020.

Tesla's reservation page revealed three variants. A "Performance" version requires a $50,000 deposit. A "Thrust" model with acceleration thrusters demands $250,000. A third "Rocket" variant, described as invite-only and single-seat with a full flight system, carries no publicly listed price. Tesla did not announce a base price at the event, though the company quoted $200,000 nearly a decade ago.

The spectacle drew rapturous responses from the crowd. Sawyer Merritt, a Tesla investor and fan, posted on social media that it was the most extraordinary product demonstration he had witnessed. Others questioned whether what they were seeing was real or artificial intelligence. But not everyone saw innovation. Gene Munster, managing partner at Deepwater Asset Management—a firm that invests in Tesla—called it "an engineering flex with no commercial value beyond embarrassing traditional car makers." He suggested the collaboration between Tesla and SpaceX was less about the Roadster itself and more about drumming up interest in a potential merger of the two companies Musk controls, an idea he has publicly explored by discussing their operational overlap.

The timing of the reveal matters. Tesla is shifting its strategic focus away from manufacturing vehicles for human drivers toward artificial intelligence, self-driving technology, and robotics. This year, the company halted sales of its Model S and Model X vehicles to free up production capacity for Optimus, its humanoid robot. It also launched the Cybercab, a two-seater robotaxi without a steering wheel, pedals, or mirrors. Sales of Tesla's existing electric vehicle lineup have declined over the past two years, though high gas prices helped boost third-quarter deliveries.

Musk has downplayed the Roadster's financial importance to Tesla. In 2023, he described it as a "small potato situation" that would not "move the needle in a major way financially." Yet the car carries symbolic weight. Seth Goldstein, an analyst at Morningstar, noted in a recent report that Tesla currently lacks a halo car—a high-performance luxury vehicle designed to showcase an automaker's best engineering and technology. The Roadster, he argued, would fill that role.

The reveal occurred just days before Tesla's third-quarter earnings report, scheduled for October 21. Analysts say those financial results will matter far more to investors than the theatrical demonstration in Texas. Josh Gilbert, lead analyst for Asia-Pacific at trading platform eToro, stated plainly that margin and cash flow numbers would carry substantially more weight with investors than anything they witnessed at the event. The question hanging over the Roadster is whether it represents genuine innovation or a masterclass in spectacle—a distinction that may matter less to Musk than it does to the analysts and shareholders watching Tesla's next moves.

An engineering flex with no commercial value beyond embarrassing traditional car makers
— Gene Munster, managing partner at Deepwater Asset Management
The margin and cash flow numbers will carry far more weight with investors than anything they saw at the reveal
— Josh Gilbert, lead analyst for Asia-Pacific at eToro
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