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Tesla Roadster will have a “SpaceX option package” that boosts performance beyond base levels

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Tesla CEO Elon Musk has revealed that the next-generation Roadster will have a “SpaceX option package” that will upgrade the all-electric supercar’s performance to even higher levels.

Speaking during Tesla’s 2018 Annual Shareholder Meeting, Musk addressed the room full of investors that range and performance of the Tesla Semi and Roadster prototypes that were unveiled last November will be even better in the final production version. “In particular, the Tesla Roadster. What we unveiled with the Roadster was the base model performance. It’s going to have a SpaceX options package. It’s crazy,” said Musk.

The announcement reinforces a previous statement made about the general specifications of the all-electric supercar. Following its debut, Musk tweeted that there would be a “special option package” that takes the vehicle to the “next level.” In a follow-up tweet, Musk candidly noted that with the special upgrade, the next-gen Roadster would be able to fly “short hops,” considering that applying rocket technology opens up new possibilities for the vehicle.

The specs of the next-gen Roadster with the SpaceX option package could very well be beyond hypercar territory. The base trim of the vehicle, after all, is already equipped with impressive features, such as a top speed of more than 250 mph, a 0-60 mph time of 1.9 seconds, a quarter-mile time of 8.9 seconds, a 200 kWh battery pack that gives 620 miles of range, and 10,000 Nm of torque from the supercar’s 3 electric motors.

The supercar is also equipped with “Plaid Mode,” Elon Musk’s latest nod to sci-fi comedy film Spaceballs that features even faster acceleration than the Model S P100D and Model X P100D’s Ludicrous Mode. With the SpaceX option, the next-generation Tesla Roadster would practically be an electric rocket on wheels — a vehicle that can, in Elon Musk’s words, truly deliver a “hardcore smackdown” to gasoline cars.

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The next-gen Roadster carries much of the practicality that Tesla’s vehicles such as the Model S, Model X, and Model 3 are known for. Despite being a supercar, for example, the next-gen Roadster can seat four passengers, thanks to its 2+2 seating arrangement. Vehicles that feature comparable performance, such as the Koenigsegg Agera R and the Bugatti Chiron, and every vehicle in the hypercar trinity like the Porsche 918 Spyder, the Ferrari LaFerrari, and the McLaren P1, are exclusively 2-seaters.

A white Tesla Roadster prototype is displayed outside of the Computer History Museum in Mountain View, CA on Tuesday, June 5, 2018 [Credit: Dennis Pascual via Twitter]

More importantly, the $200,000-$250,000 next-generation Roadster is also far more affordable than its gasoline-based competitors. The hypercar trinity, for one, are all in the $1 million price range. The Koenigsegg Agera R and the Bugatti Chiron, on the other hand, are even more expensive, with the former costing $2.1 million and the latter commanding a hefty $2.8 million price tag.

Tesla is starting to feature the next-generation Roadster more frequently on its social media channels and live events. During the company’s first-quarter all-hands promo video, the all-electric supercar’s blistering acceleration and its unique interior were highlighted prominently. Earlier this year, the vehicle was also displayed at Tesla’s Palo Alto headquarters.

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Test drives of the next-gen Tesla Roadster are set to begin sometime towards the end of 2019. Production of the vehicle is expected to start in 2020.

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.

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Tesla ends Full Self-Driving purchase option in the U.S.

In January, Musk announced that Tesla would remove the ability to purchase the suite outright for $8,000. This would give the vehicle Full Self-Driving for its entire lifespan, but Tesla intended to move away from it, for several reasons, one being that a tranche in the CEO’s pay package requires 10 million active subscriptions of FSD.

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Credit: Tesla

Tesla has officially ended the option to purchase the Full Self-Driving suite outright, a move that was announced for the United States market in January by CEO Elon Musk.

The driver assistance suite is now exclusively available in the U.S. as a subscription, which is currently priced at $99 per month.

Tesla moved away from the outright purchase option in an effort to move more people to the subscription program, but there are concerns over its current price and the potential for it to rise.

In January, Musk announced that Tesla would remove the ability to purchase the suite outright for $8,000. This would give the vehicle Full Self-Driving for its entire lifespan, but Tesla intended to move away from it, for several reasons, one being that a tranche in the CEO’s pay package requires 10 million active subscriptions of FSD.

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Although Tesla moved back the deadline in other countries, it has now taken effect in the U.S. on Sunday morning. Tesla updated its website to reflect this:

There are still some concerns regarding its price, as $99 per month is not where many consumers are hoping to see the subscription price stay.

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Musk has said that as capabilities improve, the price will go up, but it seems unlikely that 10 million drivers will want to pay an extra $100 every month for the capability, even if it is extremely useful.

Instead, many owners and fans of the company are calling for Tesla to offer a different type of pricing platform. This includes a tiered-system that would let owners pick and choose the features they would want for varying prices, or even a daily, weekly, monthly, and annual pricing option, which would incentivize longer-term purchasing.

Although Musk and other Tesla are aware of FSD’s capabilities and state is is worth much more than its current price, there could be some merit in the idea of offering a price for Supervised FSD and another price for Unsupervised FSD when it becomes available.

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Musk bankers looking to trim xAI debt after SpaceX merger: report

xAI has built up $18 billion in debt over the past few years, with some of this being attributed to the purchase of social media platform Twitter (now X) and the creation of the AI development company. A new financing deal would help trim some of the financial burden that is currently present ahead of the plan to take SpaceX public sometime this year.

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Credit: SpaceX

Elon Musk’s bankers are looking to trim the debt that xAI has taken on over the past few years, following the company’s merger with SpaceX, a new report from Bloomberg says.

xAI has built up $18 billion in debt over the past few years, with some of this being attributed to the purchase of social media platform Twitter (now X) and the creation of the AI development company. Bankers are trying to create some kind of financing plan that would trim “some of the heavy interest costs” that come with the debt.

The financing deal would help trim some of the financial burden that is currently present ahead of the plan to take SpaceX public sometime this year. Musk has essentially confirmed that SpaceX would be heading toward an IPO last month.

SpaceX IPO is coming, CEO Elon Musk confirms

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The report indicates that Morgan Stanley is expected to take the leading role in any financing plan, citing people familiar with the matter. Morgan Stanley, along with Goldman Sachs, Bank of America, and JPMorgan Chase & Co., are all expected to be in the lineup of banks leading SpaceX’s potential IPO.

Since Musk acquired X, he has also had what Bloomberg says is a “mixed track record with debt markets.” Since purchasing X a few years ago with a $12.5 billion financing package, X pays “tens of millions in interest payments every month.”

That debt is held by Bank of America, Barclays, Mitsubishi, UFJ Financial, BNP Paribas SA, Mizuho, and Société Générale SA.

X merged with xAI last March, which brought the valuation to $45 billion, including the debt.

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SpaceX announced the merger with xAI earlier this month, a major move in Musk’s plan to alleviate Earth of necessary data centers and replace them with orbital options that will be lower cost:

“In the long term, space-based AI is obviously the only way to scale. To harness even a millionth of our Sun’s energy would require over a million times more energy than our civilization currently uses! The only logical solution, therefore, is to transport these resource-intensive efforts to a location with vast power and space. I mean, space is called “space” for a reason.”

The merger has many advantages, but one of the most crucial is that it positions the now-merged companies to fund broader goals, fueled by revenue from the Starlink expansion, potential IPO, and AI-driven applications that could accelerate the development of lunar bases.

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Tesla pushes Full Self-Driving outright purchasing option back in one market

Tesla announced last month that it would eliminate the ability to purchase the Full Self-Driving software outright, instead opting for a subscription-only program, which will require users to pay monthly.

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Credit: Tesla

Tesla has pushed the opportunity to purchase the Full Self-Driving suite outright in one market: Australia.

The date remains February 14 in North America, but Tesla has pushed the date back to March 31, 2026, in Australia.

Tesla announced last month that it would eliminate the ability to purchase the Full Self-Driving software outright, instead opting for a subscription-only program, which will require users to pay monthly.

If you have already purchased the suite outright, you will not be required to subscribe once again, but once the outright purchase option is gone, drivers will be required to pay the monthly fee.

The reason for the adjustment is likely due to the short period of time the Full Self-Driving suite has been available in the country. In North America, it has been available for years.

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Tesla hits major milestone with Full Self-Driving subscriptions

However, Tesla just launched it just last year in Australia.

Full Self-Driving is currently available in seven countries: the United States, Canada, China, Mexico, Australia, New Zealand, and South Korea.

The company has worked extensively for the past few years to launch the suite in Europe. It has not made it quite yet, but Tesla hopes to get it launched by the end of this year.

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In North America, Tesla is only giving customers one more day to buy the suite outright before they will be committed to the subscription-based option for good.

The price is expected to go up as the capabilities improve, but there are no indications as to when Tesla will be doing that, nor what type of offering it plans to roll out for owners.

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