Tesla unveils long-delayed Roadster at SpaceX test site
Tesla's Roadster, built with cold-gas thrusters from SpaceX, lifted off in a demo in McGregor, Texas. Tesla shares rose about 4% early Friday.
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What happened
Tesla unveiled its long-delayed Roadster on Thursday night at SpaceX's test site in McGregor, Texas, and the car lifted off during the demo. The car uses cold-gas thrusters built with SpaceX, whose shares also rose. Tesla stock later slipped 2% as attention turned to its third-quarter results due next week.
Why it matters
The demo has renewed talk of a possible Tesla and SpaceX merger, which Elon Musk had hinted at before the event.
Timeline
- Oct 15, 9:16 PM ET: Elon Musk hints at a possible Tesla and SpaceX merger before the Roadster demo.
- Oct 15, Thursday night: Tesla unveils the Roadster at SpaceX's test site, and the car lifts off during the demo.
- Oct 16, 10:12 AM ET: Tesla stock rises about 4% early Friday to around $377.
- Oct 16, 5:23 PM ET: Tesla shares slip 2% as the Roadster reveal fades ahead of earnings.
Coverage
- Stock Market Today, Oct. 16: Tesla Slips 2% as Roadster Reveal Fades Before Earnings (Josh Kohn-Lindquist)
- Tesla Stock Rises as the Roadster Revives SpaceX Merger Talk (Yahoo News)
- Did Elon Musk Just Hint at Tesla x SpaceX Merger, or Will Cars Fly First? (Yahoo News)
- Tesla plans next-generation Roadster reveal after almost a decade of delays (CNBC)
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