'Once In A While, It's Worth Making Cool Stuff For Its Own Sake:' Tesla CEO Elon Musk On Upcoming Roadster
Portfolio Pulse from Anan Ashraf
Tesla CEO Elon Musk announced that the upcoming Roadster is being developed because it is 'cool,' and it may not significantly benefit shareholders or the company's financials. The Roadster, a tribute to Tesla's first EV, is expected to start production in 2025. Despite its impressive performance, Musk has previously stated that the Roadster will not have a major financial impact on Tesla.
August 10, 2024 | 1:52 am
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NEUTRAL IMPACT
Tesla's upcoming Roadster, set to start production in 2025, is being developed for its 'cool' factor rather than financial gain. CEO Elon Musk has indicated that the vehicle will not significantly impact Tesla's financials.
Elon Musk's comments suggest that the Roadster will not have a significant financial impact on Tesla. This could lead to a neutral short-term impact on TSLA stock as investors may not expect substantial revenue from this product.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100