When Elon Musk unveiled the next-generation Tesla Roadster back in November 2017, he shocked the electric car community by revealing that the all-electric supercar has a range of 620 miles per charge. That’s 1,000 kilometers between charges. The figures are pretty much insane, even by today’s standards.
There are now indications that the next-generation Tesla Roadster will go even farther in between charges. Elon Musk mentioned this on Twitter, stating that the range of the upcoming vehicle will be “above 1,000 km.” Musk was responding to Ride the Lightning podcast host Ryan McCaffrey then, who was inquiring if the efficiencies recently introduced to the Model S and X will make it to the all-electric supercar.
A lot has happened since Tesla unveiled the next-generation Roadster. In true Silicon Valley fashion, Tesla never really stopped innovating since then, particularly in terms of its battery technology. Tesla Automotive President Jerome Guillen mentioned this in a previous interview, stating that the company’s batteries are never frozen since they are always in a state of improvement. The same is true for the vehicles’ other components, such as their electric motors.
These efficiencies and improvements were showcased recently when Tesla rolled out updates for the Model S and Model X, its two flagship vehicles. The premium sedan and SUV received several enhancements, such as better charging speeds and adaptive suspension. More importantly, the new Model S and Model X were given more range despite retaining the size of their battery packs. As revealed by Tesla, the 100 kWh variants of the Model S now have 370 miles of range per charge, while the 100 kWh versions of the far heavier Model X now has 325 miles of range.
These are incredibly impressive figures for Tesla’s vehicles. Rivian’s acclaimed R1T and R1S pickup and SUV are capable of going 400 miles per charge, but the vehicles require a 180 kWh battery pack. Motor Trend‘s test of the updated Model S showed that the 100 kWh sedan could probably reach the 400-mile mark in normal driving conditions. So how do these relate to the Roadster and its range? Well, the all-electric “hardcore smackdown to gasoline cars” is equipped with a 200 kWh pack.
Coupled with Tesla’s latest efficiencies, one can only imagine how much farther the Roadster could go with its monster battery. This range will likely be a big difference-maker for the next-gen Roadster, considering that conventional supercars are not exactly known for their fuel-efficiency. The Lamborghini Aventador gets up to 11 mpg in the city and 18 mpg on the highway, which gives it a range of around 428.4 miles of range on the highway and 261.8 miles in the city on a full tank. Higher-end cars like the Bugatti Veyron Grand Sport consume even more gas, only lasting 51 miles on a tank at top speed.
Tesla’s electric motors are expected to last a million miles, and Elon Musk himself has mentioned that the company is developing batteries that also last a million miles. With these, it appears that the next-gen Roadster might not only be an electric car that can outrun gasoline-powered supercars; it might be a vehicle that will far outlast the best supercars on the market as well.
Tesla stock (NASDAQ: TSLA) closed at an all-time high on Tuesday, jumping over 3 percent during the day and finishing at $489.88.
The price beats the previous record close, which was $479.86.
Shares have had a crazy year, dipping more than 40 percent from the start of the year. The stock then started to recover once again around late April, when its price started to climb back up from the low $200 level.
This week, Tesla started to climb toward its highest levels ever, as it was revealed on Sunday that the company was testing driverless Robotaxis in Austin. The spike in value pushed the company’s valuation to $1.63 trillion.
Tesla Robotaxi goes driverless as Musk confirms Safety Monitor removal testing
It is the seventh-most valuable company on the market currently, trailing Nvidia, Apple, Alphabet (Google), Microsoft, Amazon, and Meta.
Shares closed up $14.57 today, up over 3 percent.
The stock has gone through a lot this year, as previously mentioned. Shares tumbled in Q1 due to CEO Elon Musk’s involvement with the Department of Government Efficiency (DOGE), which pulled his attention away from his companies and left a major overhang on their valuations.
However, things started to rebound halfway through the year, and as the government started to phase out the $7,500 tax credit, demand spiked as consumers tried to take advantage of it.
Q3 deliveries were the highest in company history, and Tesla responded to the loss of the tax credit with the launch of the Model 3 and Model Y Standard.
Additionally, analysts have announced high expectations this week for the company on Wall Street as Robotaxi continues to be the focus. With autonomy within Tesla’s sights, things are moving in the direction of Robotaxi being a major catalyst for growth on the Street in the coming year.
Elon Musk
Tesla needs to come through on this one Robotaxi metric, analyst says
“We think the key focus from here will be how fast Tesla can scale driverless operations (including if Tesla’s approach to software/hardware allows it to scale significantly faster than competitors, as the company has argued), and on profitability.”
Tesla needs to come through on this one Robotaxi metric, Mark Delaney of Goldman Sachs says.
Tesla is in the process of rolling out its Robotaxi platform to areas outside of Austin and the California Bay Area. It has plans to launch in five additional cities, including Houston, Dallas, Miami, Las Vegas, and Phoenix.
However, the company’s expansion is not what the focus needs to be, according to Delaney. It’s the speed of deployment.
The analyst said:
“We think the key focus from here will be how fast Tesla can scale driverless operations (including if Tesla’s approach to software/hardware allows it to scale significantly faster than competitors, as the company has argued), and on profitability.”
Profitability will come as the Robotaxi fleet expands. Making that money will be dependent on when Tesla can initiate rides in more areas, giving more customers access to the program.
There are some additional things that the company needs to make happen ahead of the major Robotaxi expansion, one of those things is launching driverless rides in Austin, the first city in which it launched the program.
This week, Tesla started testing driverless Robotaxi rides in Austin, as two different Model Y units were spotted with no occupants, a huge step in the company’s plans for the ride-sharing platform.
Tesla Robotaxi goes driverless as Musk confirms Safety Monitor removal testing
CEO Elon Musk has been hoping to remove Safety Monitors from Robotaxis in Austin for several months, first mentioning the plan to have them out by the end of 2025 in September. He confirmed on Sunday that Tesla had officially removed vehicle occupants and started testing truly unsupervised rides.
Although Safety Monitors in Austin have been sitting in the passenger’s seat, they have still had the ability to override things in case of an emergency. After all, the ultimate goal was safety and avoiding any accidents or injuries.
Goldman Sachs reiterated its ‘Neutral’ rating and its $400 price target. Delaney said, “Tesla is making progress with its autonomous technology,” and recent developments make it evident that this is true.
Investor's Corner
Tesla gets bold Robotaxi prediction from Wall Street firm
Last week, Andrew Percoco took over Tesla analysis for Morgan Stanley from Adam Jonas, who covered the stock for years. Percoco seems to be less optimistic and bullish on Tesla shares, while still being fair and balanced in his analysis.
Tesla (NASDAQ: TSLA) received a bold Robotaxi prediction from Morgan Stanley, which anticipates a dramatic increase in the size of the company’s autonomous ride-hailing suite in the coming years.
Last week, Andrew Percoco took over Tesla analysis for Morgan Stanley from Adam Jonas, who covered the stock for years. Percoco seems to be less optimistic and bullish on Tesla shares, while still being fair and balanced in his analysis.
Percoco dug into the Robotaxi fleet and its expansion in the coming years in his latest note, released on Tuesday. The firm expects Tesla to increase the Robotaxi fleet size to 1,000 vehicles in 2026. However, that’s small-scale compared to what they expect from Tesla in a decade.
Tesla expands Robotaxi app access once again, this time on a global scale
By 2035, Morgan Stanley believes there will be one million Robotaxis on the road across multiple cities, a major jump and a considerable fleet size. We assume this means the fleet of vehicles Tesla will operate internally, and not including passenger-owned vehicles that could be added through software updates.
He also listed three specific catalysts that investors should pay attention to, as these will represent the company being on track to achieve its Robotaxi dreams:
- Opening Robotaxi to the public without a Safety Monitor. Timing is unclear, but it appears that Tesla is getting closer by the day.
- Improvement in safety metrics without the Safety Monitor. Tesla’s ability to improve its safety metrics as it scales miles driven without the Safety Monitor is imperative as it looks to scale in new states and cities in 2026.
- Cybercab start of production, targeted for April 2026. Tesla’s Cybercab is a purpose-built vehicle (no steering wheel or pedals, only two seats) that is expected to be produced through its state-of-the-art unboxed manufacturing process, offering further cost reductions and thus accelerating adoption over time.
Robotaxi stands to be one of Tesla’s most significant revenue contributors, especially as the company plans to continue expanding its ride-hailing service across the world in the coming years.
Its current deployment strategy is controlled and conservative to avoid any drastic and potentially program-ruining incidents.
So far, the program, which is active in Austin and the California Bay Area, has been widely successful.
Tesla stock closes at all-time high on heels of Robotaxi progress
Tesla needs to come through on this one Robotaxi metric, analyst says
