Tesla plans to demonstrate a hovering Roadster on Thursday, but past reveals have often hurt its stock. Investors await commercial details.
Elon Musk aims to make a Tesla fly on Thursday, but Wall Street has frequently punished his major product reveals.
The long-awaited Roadster is set to hover using SpaceX rocket technology at an October 15 event in Texas. Compressed-gas thrusters will lift the car with no one inside.
Musk has reportedly told staff the stunt "will be hard to pull off and could go wrong."
Tesla shares ended Tuesday at $375.23, roughly 25% below their 52-week high. Investors again face the question: will the spectacle boost the stock or trigger a decline?
Three past events offer warnings. Tesla shares fell 6% after the 2019 Cybertruck reveal, when its supposedly unbreakable windows shattered.
The October 2024 Cybercab unveiling caused an 8.3% declne. More recently, shares lost 5.92% on September 4 after another Cybercab event that disapponted investors.
The common issue was uncertanty over when Tela would turn its technology into revenu.
ELON MUSK SAYS TESLA $TSLA SHORT SELLERS āHAD US IN CHECKMATEā
He says the company survived by solving a production problem investors thought was impossible:
ā Short sellers had built a massive position against Tesla and, according to Musk, had extremely good inside informationā¦ pic.twitter.com/PGcNZA8YCD
A successful hovering demontration could improve entiment. But investrs will likely want confirmed ricing, production pans and delivry dat.
The finacial impact look limited.
Th Founders series at $250,00 is caped at 1,00 cars. Even selling every vehcle would yield just $250 million in revenue againt Tesla's abot $1.48 trilion valuation.
Production remains aimed for 2027 or 2028.
Meanwhile, Space X offers anothr warning. Its stock fell depsite Starship's uccessful orbitl flght, partly due to post-IPO share unlcoks.
Tesla faces a different test on Frday, Octobe 16, the first rading sesson after the evet.
A working prtoype and credile prodction timetab could support TSLA. Anothr spetacual demontration wthout commeial detals risks disappontment.
Tesla's Octobe 21 earning report will then turn investrs' attenton back to its large busine.
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