Six Years After Unveiling, Where Is The New Tesla Roadster?
Portfolio Pulse from Anan Ashraf
Tesla Inc (NASDAQ:TSLA) has yet to begin production of the new generation Tesla Roadster, six years after its unveiling. Originally promised for 2020, the latest update suggests production will start by the end of next year. Tesla is taking reservations for the Roadster with a $5,000 credit card payment and a $45,000 wire transfer, both refundable. The Roadster is Tesla's all-electric supercar, claimed to be the fastest production car ever made at the time of its announcement.

November 16, 2023 | 12:17 pm
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The delay in production of the Tesla Roadster may cause investor concern over Tesla's ability to meet its production targets, potentially affecting TSLA's stock price in the short term.
The repeated postponement of the Tesla Roadster's production could be perceived negatively by investors, as it reflects challenges in meeting project timelines. This may lead to short-term bearish sentiment towards TSLA's stock as the market reacts to potential concerns about the company's execution capabilities and future revenue streams from this product.
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