STORY OF THE WEEK
Flying Cars?
Tesla finally unveiled its long-delayed Roadster, a sports car that levitates.
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.

