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October 18, 2026

STORY OF THE WEEK

Flying Cars?

Tesla finally unveiled its long-delayed Roadster, a sports car that levitates.

Flying Cars?

On Thursday night, Tesla revealed its new Roadster in front of a crowd of fans at a SpaceX rocket test site in McGregor, Texas. Using rocket technology from SpaceX, Elon Musk’s space company, the car drove upside down on a curved ramp, flipped in the air and landed under control. It then jumped over five other Tesla vehicles, spinning as it flew. Musk said no one was inside the car during the stunts.

The Roadster uses a suction system underneath to grip the road and air-powered thrusters to lift it off the ground. Tesla says it can go from 0 to 60 mph in about one second, reach more than 230 mph and travel about 300 miles on a single charge. The car comes in three versions: Performance, Thrust and Rocket. The top-end Rocket version is available by invitation only. Tesla describes it as “air ready,” with seating for one and a “full flight system.” Lars Moravy, an engineering executive at Tesla, called the Roadster the world’s first flying car.

  • Reserving a Roadster starts with a fully refundable $5,000 payment, followed by $45,000 within 10 days for the Performance version or $245,000 for the limited Thrust version.

  • Tesla says the Roadster’s motors are 50% more powerful than its Model S Plaid while being 30% lighter, producing about 1,500 horsepower.

The Roadster has been a long time coming. Tesla first showed the car in 2017 and began taking deposits, with plans to start building it in 2020, but the car was delayed several times. Musk now says production will begin in 2028. Some questions remain unanswered, including the final price and whether the car will be legal to drive on public roads. Investors will also be watching Tesla’s quarterly earnings report on October 21 to see how its main car business is performing.

CLIMBS OF THE WEEK

What's Up in the Markets

What's Up in the Markets

WING (+7.7%): Wingstop gained as it rolled out a Sour Patch Kids Halloween wing flavor alongside its NFL-season marketing push and new Wing Pass subscription.

SBUX (+7.5%): Starbucks stock is up due to optimism around international expansion, potential strategic moves in Japan, and strong trading momentum.

DKS (+5.6%): Dick’s Sporting Goods rose as it announced plans to hire more than 11,000 seasonal workers across its Dick’s and Foot Locker stores ahead of the holiday shopping season.

SLIDES OF THE WEEK

What's Down in the Markets

What's Down in the Markets

FUN (-32.0%): Six Flags shares dropped after a tragic incident at Six Flags Over Georgia, where a rider was killed and several others injured on the Goliath roller coaster. The company has since closed similar coasters at several of its parks.

CRWV (-25.2%): CoreWeave, which rents out computing power for AI, fell as rising rates on its bonds raised worries about its heavy debt.

DELL (-23.0%): Dell slides as investors grew skeptical about how much AI hardware stocks are worth and worried that rising memory chip costs could squeeze its profits.

CHART OF THE WEEK

Pickleball’s Rapid Rise

Pickleball’s Rapid Rise

Pickleball has gone from a niche game to one of America’s most popular sports. About 2.5 million Americans played in 2015, and the number grew slowly for several years before taking off in 2022. By 2025, about 24.5 million people were playing, nearly ten times as many as a decade earlier, according to the Sports & Fitness Industry Association (SFIA). The sport added about 4.5 million players last year alone, a +22.8% increase, and SFIA has named it the fastest-growing sport in the country for five years in a row.

The players are also changing. Women made up about 43% of players in 2025, up from about 39% in 2020. Teens and young adults ages 13 to 24 now have the highest participation rates of any age group, which shows pickleball is no longer seen mainly as a retirement pastime. The growth isn’t expected to stop soon. Industry estimates from Branded Pickleball project about 30 million players in 2026 and 45 million by 2030. If those estimates hold, pickleball could soon pass tennis, which had about 27.3 million players last year.

The Current