Tesla plans to show its long-delayed next-generation Roadster on Thursday, nearly a decade after taking deposits. The car is expected to be a low-volume showcase model, not a major earnings driver.
01Summary
- 01Tesla will livestream the Roadster event on Thursday from a SpaceX test site in McGregor, Texas, near Waco.
- 02The demonstration is due to start at 7:55 local time, or 8:55 ET.
- 03Tesla first started taking $50,000 deposits for the refreshed Roadster in 2017 and has missed every targeted delivery date since.
- 04The company reopened reservations in recent weeks, taking $50,000 deposits from buyers in the US, Canada and China.
- 05Tesla is scheduled to report third-quarter results after the bell on Wednesday.
02Why it matters
The Roadster is a long-promised Tesla product, so another delay or a thin update could affect confidence in Elon Musk’s ability to deliver. Investors will also be watching for any hints about pricing, production targets and whether the car has any real commercial role.
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