Elon Musk reveals ‘world’s first flying car’ at Tesla event

Tesla's new Roadster turns in air with SpaceX thrusters, won't land until 2028
Tesla unveils its long-delayed Roadster nearly a decade after first revealing a next-generation version of its original electric sports ​car, at a launch event in Waco, Texas, US, on October 15, 2026, in this still image taken from a handout video. Tesla/Handout via REUTERS

SAN FRANCISCO, Oct 15 – Tesla has unveiled a redesigned version of its long-delayed Roadster electric sports car, showcasing a vehicle capable of performing aerial maneuvers with rocket-style thrusters developed in collaboration with SpaceX. The demonstration featured the white two-seater flipping through the air and landing with the assistance of its propulsion system, offering a dramatic preview of technology that Elon Musk says could eventually reach production in 2028.

The unveiling took place Thursday at a SpaceX testing facility in McGregor, Texas, bringing together Tesla enthusiasts, investors and executives for a presentation centered on speed, engineering and the companies’ shared technological ambitions. Despite the spectacle, Tesla did not announce a final retail price for the vehicle, leaving questions about its commercial prospects and how the latest version will compare with the original performance targets announced nearly a decade ago.

The Roadster’s return comes at a significant moment for Tesla, which has increasingly emphasized autonomous driving, artificial intelligence and robotics as it seeks new sources of growth. The company is also preparing to report its third-quarter financial results on October 21, when investors are expected to focus on vehicle demand, profitability and cash flow rather than demonstrations of experimental technology.

Rocket Thrusters, Extreme Acceleration and Questions Over Commercial Plans

The presentation highlighted the unusual capabilities Tesla hopes will distinguish the new Roadster from conventional high-performance electric cars. During the demonstration, the vehicle traveled upside down along a ramp using a suction system, performed a midair rotation and returned to the ground with the help of built-in thrusters. In another sequence, it jumped over a truck and other vehicles, twisting in the air before completing the maneuver.

The stunts were designed to demonstrate the potential of combining Tesla’s electric vehicle engineering with SpaceX’s experience in rocket propulsion. However, the event did not establish how the technology would perform under ordinary road conditions or what limitations might apply to its use outside controlled demonstrations.

Musk described the project as the result of extensive cooperation between engineers at the two companies. Addressing the audience, he said the work had produced something that people had not seen even in a movie, drawing enthusiastic reactions from attendees.

The vehicle’s performance figures were another major focus. Tesla vehicle engineering chief Lars Moravy said the Roadster would be capable of accelerating from zero to 60 miles per hour in less than one second. Its top speed would exceed 230 mph, or approximately 370 kilometers per hour, while its estimated driving range would surpass 300 miles on a single charge.

Musk suggested the car could potentially travel considerably faster than the stated top-speed figure, describing its performance in terms of approaching half the speed of sound. However, the company did not provide a detailed explanation of the conditions under which its most ambitious performance claims could be achieved.

The announced driving range also represents a notable change from Tesla’s earlier promises. When the company introduced a prototype of the second-generation Roadster in 2017, it projected a range of approximately 620 miles and initially expected deliveries to begin in 2020. The latest production target of 2028 would put the vehicle years behind that original schedule.

Tesla has not disclosed a confirmed launch price for the redesigned model. Nearly a decade ago, the company advertised a starting price of $200,000 for the next-generation Roadster, but executives did not confirm whether that figure would apply to the new version.

Tesla’s reservation page following the unveiling listed several configurations with substantial deposits. The Performance version required a $50,000 deposit, while the Thrust version, featuring acceleration thrusters, required $250,000. A third configuration, called Rocket, was described as an invitation-only, single-seat model equipped with a full flight system.

The deposits indicate that Tesla is presenting the Roadster as a premium product, although the absence of confirmed final prices makes it difficult to assess its eventual market position. The company has also not provided a firm delivery schedule beyond Musk’s statement that production would begin in 2028.

The Roadster has a special place in Tesla’s history. The original model, introduced in 2008 and sold through 2012, was the company’s first electric vehicle and used a chassis based on the Lotus Elise. Its performance helped challenge perceptions that electric cars were necessarily slow or impractical, establishing an early foundation for Tesla’s later expansion into mainstream vehicles.

The company subsequently built its business around models such as the Model 3 and Model Y, alongside the Model S and Model X. The second-generation Roadster, by contrast, has remained an unfinished project despite years of anticipation and repeated delays.

That history makes the latest unveiling both a potential milestone and a fresh test of Tesla’s ability to turn ambitious demonstrations into commercially available products.

Gene Munster, managing partner at Tesla investor Deepwater Asset Management, described the event on social media platform X as an engineering display with little direct commercial value beyond demonstrating capabilities that traditional automakers have not matched. Munster also suggested that the close cooperation between Tesla and SpaceX could strengthen the case for bringing the businesses together.

Speculation about a possible merger has circulated as Musk has explored the technological and operational overlap between the two companies he controls. Tesla specializes in electric vehicles, energy products and autonomous driving technology, while SpaceX develops rockets, spacecraft and satellite communications systems. Their engineering capabilities could offer opportunities for collaboration, but the Roadster presentation did not establish that a merger would take place.

The relationship nevertheless formed an important backdrop to the event. Rocket-style thrusters are unusual in a passenger vehicle, and their appearance on a Tesla product provides a visible example of how SpaceX technology might be incorporated into a consumer-facing project.

The demonstration also generated excitement among Tesla supporters. Investor and Tesla enthusiast Sawyer Merritt praised the presentation on X, describing it as the most extraordinary product demonstration he had witnessed. His reaction reflected the enthusiasm surrounding the vehicle, although public excitement alone does not establish whether the Roadster can meet its projected production timetable or attract a commercially significant number of buyers.

Analysts have also pointed to the model’s potential symbolic value. Seth Goldstein, an analyst at Morningstar, said in a note last month that Tesla currently lacks a high-performance luxury vehicle capable of showcasing its most advanced engineering and technology. He described the Roadster as a potential new flagship, often referred to in the automotive industry as a halo car.

Such vehicles can help shape a manufacturer’s image even when they account for a relatively small share of total sales. For Tesla, a successful Roadster launch could reinforce its reputation for electric performance at a time when its business strategy is moving beyond conventional car manufacturing.

That shift has become increasingly visible this year. Tesla has moved to discontinue the Model S and Model X to make room for production of its Optimus humanoid robots. It has also introduced the Cybercab, a two-seat autonomous vehicle designed without conventional driver controls, including a steering wheel and pedals.

These developments indicate that Musk is seeking to position Tesla as a broader technology company rather than one focused primarily on selling vehicles driven by their owners. The Roadster’s advanced propulsion features fit that narrative, but its eventual contribution to revenue remains uncertain.

Tesla’s financial performance will provide a more immediate measure of the company’s position. Its aging vehicle lineup has faced declining sales over the past two years, although elevated gasoline prices helped support deliveries during the third quarter.

Josh Gilbert, lead analyst for Asia-Pacific at trading platform eToro, said investors would place considerably greater weight on Tesla’s margins and cash flow than on the Roadster demonstration.

Tesla shares rose approximately 5% in premarket trading on Friday following the unveiling, suggesting that the event attracted investor attention. However, the movement does not establish whether the announcement will translate into stronger long-term financial performance.

The company now faces the challenge of converting an ambitious prototype into a production vehicle while managing a broader transition toward robotics and autonomous technology. Its latest demonstration has renewed interest in the Roadster, but questions remain about its final price, the practical use of its thrusters, the delivery timetable and the scale of potential demand.

For now, 2028 remains the target for production, leaving Tesla more than a year to demonstrate that its most theatrical electric sports car can move beyond the stage and become a vehicle customers can actually buy.

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