Tesla Reveals Rocket Roadster

It's Benzinga, bringing Wall Street to Main Street. Tesla unveiled a redesigned Roadster, developed with SpaceX on Thursday, and said production would begin in 2028, more than a decade after its initial reveal, according to Reuters. The electric sports car demonstrated rocket-style thrusters by driving upside down, turning in midair, and jumping over vehicles. Tesla said the Roadster can accelerate from zero to 60 miles per hour in less than one second, reach speeds exceeding 230 miles per hour, and travel more than 300 miles on a single charge. Reservation deposits range from $50,000 to $250,000, depending on the version. The unveiling comes as Tesla shifts its focus toward autonomous driving and robotics. Gene Munster of Deepwater Asset Management said the Roadster showcased Tesla's engineering capabilities but offered little commercial value beyond embarrassing traditional automakers. Tesla shares rose 5% in pre-market trading Friday ahead of its October 21st earnings report. For all things money, visit Benzinga.com.