Connect with us
tesla roadster tesla roadster

News

Tesla next-gen Roadster reservations highlighted once more in China

Credit: Praveen Joseph/Twitter

Published

on

It appears that Tesla CEO Elon Musk was extremely serious when he announced in the Cyber Rodeo that 2023 would feature one product release after another. After highlighting Roadster reservations in the United States following the Cyber Rodeo, Tesla has now placed orders for its halo car front and center in China as well.

This hints that Tesla may finally be at a place where it believes that it can truly ramp its halo car, which initially made its debut way back in 2017. Since its unveiling, the Roadster has been described by Tesla CEO Elon Musk as the “dessert” to the “main course” that is the Model 3 and Model Y. As such, the all-electric supercar’s release had been consistently pushed back. 

The next-generation Roadster was initially scheduled for a 2020 release, but this target has now been moved to 2023 as per Musk’s recent comments. The fact that the vehicle is now being promoted in foreign territories such as China, however, all but confirms that Tesla is now putting some serious efforts into releasing its new halo car. The Roadster, after all, is Tesla’s best vehicle, and its specs prove it. 

Back when it was announced in 2017, the new Roadster already shocked the automotive world with its 0-60 mph time of 1.99 seconds, its top speed of 250 mph, and its range of 620 miles per charge from its 200 kWh battery. Tesla has updated some of these specs, with Elon Musk hinting that cold gas thrusters could potentially reduce the Roadster’s 0-60 mph time to just 1.1 seconds. Innovations in Tesla’s battery tech also suggest that the Roadster may have an even better range than its 2017 specs. 

Advertisement

In a way, it appears that Tesla’s 4680 cell ramp was one of the catalysts that finally encouraged Tesla to push the Roadster’s production. Musk has been pretty quiet about the vehicle over the years, but during the Cyber Rodeo, an event that showcased the company’s Made-in-Texas Model Y with 4680 cells, the CEO noted that the company’s next generation vehicles are coming soon. 

“We’ll be in production with Cybertruck next year. We’ll be in production with the Roadster and with Semi. So that’s all coming. This year is all about scaling up. Next year it’s gonna be a massive wave of new products,” Musk said. 

Interestingly enough, the Semi, Cybertruck, and new Roadster are all expected to be equipped with the company’s 4680 batteries. It remains to be seen if Tesla was simply waiting for its 4680 battery technology to be ready before releasing its new vehicles remains to be seen. One could argue, however, that since Tesla’s 4680 cells are now ready for production cars, the timing for a Roadster ramp finally seems right. 

Don’t hesitate to contact us with news tips. Just send a message to simon@teslarati.com to give us a heads up.

Advertisement

Simon is an experienced automotive reporter with a passion for electric cars and clean energy. Fascinated by the world envisioned by Elon Musk, he hopes to make it to Mars (at least as a tourist) someday. For stories or tips--or even to just say a simple hello--send a message to his email, simon@teslarati.com or his handle on X, @ResidentSponge.

Advertisement
Comments

News

Tesla expands global FSD (Supervised) testing with Abu Dhabi trials

The program marks the emirate’s first formal testing framework for Tesla’s supervised autonomous driving technology.

Published

on

Credit: Grok Imagine

Tesla has started its first Full Self-Driving (Supervised) road trials in Abu Dhabi under the oversight of the Integrated Transport Centre, also known as Abu Dhabi Mobility. 

The program marks the emirate’s first formal testing framework for Tesla’s supervised autonomous driving technology.

FSD (Supervised) road trials are being conducted with the support of the Smart and Autonomous Systems Council and in coordination with the Legislation Lab at the General Secretariat of the UAE Cabinet.

Dr. Abdulla Hamad AlGhfeli, Acting Director General of the Integrated Transport Centre (Abu Dhabi Mobility), highlighted the agency’s regulatory role in overseeing the FSD (Supervised) tests in a press release

Advertisement

“The supervision of the Integrated Transport Centre (Abu Dhabi Mobility) over the commencement of Tesla’s advanced autonomous driving technology tests reflects its regulatory and legislative role. These tests represent a qualitative step to evaluate the technology’s performance in a real-world operating environment and to collect the necessary data to verify its readiness before any future expansion in usage.

“Through this organized framework, and in cooperation with strategic partners, we seek to achieve a balance between supporting innovation and encouraging the adoption of smart solutions on one hand and ensuring the safety of road users on the other, in line with the emirate’s direction to develop an advanced, safe, and sustainable transport system,” he said. 

Tesla is putting a lot of effort into expanding the rollout of FSD (Supervised) to territories outside in the United States. During a recent interview with Giga Berlin plant manager Andre Thierig, Musk stated that Tesla is looking to secure approval for FSD (Supervised) in the Netherlands this coming March. 

“Tesla has the most advanced real-world AI, and hopefully, it will be approved soon in Europe. We’re told by the authorities that March 20th, it’ll be approved in the Netherlands,’ what I was told. Hopefully, that date remains the same. But I think people in Europe are going to be pretty blown away by how good the Tesla car AI is in being able to drive,” Musk stated.

Advertisement
Continue Reading

Elon Musk

SpaceX considering confidential IPO filing this March: report

The filing could pave the way for a June listing at a valuation that may exceed $1.75 trillion.

Published

on

Credit: SpaceX/X

SpaceX is reportedly preparing to confidentially file for an initial public offering (IPO) as soon as March. The filing could pave the way for a June listing at a valuation that may exceed $1.75 trillion, potentially making it the largest IPO in history.

The update was initially reported by Bloomberg News, which cited information shared by people reportedly familiar with the matter. 

As per the publication, a confidential filing allows a company to receive regulatory feedback before publicly releasing its financials. Bloomberg’s source, however, noted that the timing of SpaceX’s IPO is still under discussion and plans could change.

SpaceX did not immediately respond to requests for comment.

Advertisement

A March submission would mark the clearest step yet toward bringing Elon Musk’s private space company into public markets. People familiar with the preparations said the offering could raise as much as $50 billion. That would surpass the $29 billion debut of Saudi Aramco in 2019, currently the largest IPO on record.

Major banks including Goldman Sachs Group Inc., JPMorgan Chase & Co., Morgan Stanley, and Bank of America Corp. are reportedly positioned for senior roles in the transaction. SpaceX is also said to be considering a dual-class structure that would allow insiders, including Musk, to retain enhanced voting control.

Satellite communications provider EchoStar Corp., which holds a stake in SpaceX, reportedly saw its shares rise following news of the potential filing.

At a valuation exceeding $1.75 trillion, SpaceX would immediately have a larger market cap than all but five of the companies traded in the S&P 500 index. That figure would place it ahead of Meta Platforms Inc. and Tesla Inc. by market capitalization, trailing only a small group of mega-cap firms such as Apple Inc. and Microsoft Corp.

Advertisement

The scale of the proposed valuation reflects SpaceX’s dominance in orbital launch services and its Starlink satellite network, which serves millions of users globally. The company has also outlined long-term expansion plans tied to higher Starship launch cadence, orbital infrastructure, and lunar development initiatives.

Continue Reading

Elon Musk

Elon Musk hints Tesla investors will be rewarded heavily

“Hold onto your Tesla stock. It’s going to be worth a lot, I think. That’s my bet,” Musk said.

Published

on

Credit: Grok

Elon Musk recently hinted that he believes Tesla investors will be rewarded heavily if they continue to hold onto their shares, and he reiterated that in a new interview that the company released on its social accounts this week.

Musk is one of the most successful CEOs in the modern era and has mammothed competitors on the Forbes Net Worth List over the past year as his holdings in his various companies have continued to swell.

Tesla investors, especially those who have been holding shares for several years, have also felt substantial gains in their portfolios. Over the past five years, the stock is up over 78 percent. Since February 2019, nearly seven years ago to the day, the stock is up over 1,800 percent.

Musk said in the interview:

“Hold onto your Tesla stock. It’s going to be worth a lot, I think. That’s my bet.”

It’s no secret Musk has been extremely bullish on his own companies, but Tesla in particular, because it is publicly traded.

However, the company has so many amazing projects that have an opportunity to revolutionize their respective industries. There is certainly a path to major growth on Wall Street for Tesla through its various future projects, including Optimus, Cybercab, Semi, and Unsupervised FSD.

  • Optimus (Tesla’s humanoid robot): Musk has discussed its potential for tasks like childcare, walking dogs, or assisting elderly parents, positioning it as a massive long-term driver of company value.
  • Cybercab (Tesla’s robotaxi/autonomous ride-hailing vehicle): a fully autonomous vehicle geared specifically for Tesla’s ride-sharing ambitions.
  • Semi (Tesla’s electric truck, with mentions of expansion, like in Europe): brings Tesla into the commercial logistics sector.
  • Unsupervised FSD (Full Self-Driving software achieving full autonomy without human supervision): turns every Tesla owner’s vehicle into a fully-autonomous vehicle upon release

These projects specifically are some of the highest-growth pillars Tesla has ever attempted to develop, especially in Musk’s eyes, as he has said Optimus will be the best-selling product of all-time.

Many analysts agree, but the bullish ones, like Cathie Wood of ARK Invest, are perhaps the one who believes Tesla has incredible potential on Wall Street, predicting a $2,600 price target for 2030, but this is not even including Optimus.

She told Bloomberg last March that she believes that the project will present a potential additive if Tesla can scale faster than anticipated.

Continue Reading