- Tesla stock rose about 3% to around $350 on Friday morning.
- The rally followed reports of a redesigned Roadster with SpaceX-assisted “flying” capabilities at its McGregor, Texas site, this month.
- The Roadster reveal has been promised and delayed repeatedly, so the rally rests on a demo that has yet to happen.
Tesla (NASDAQ: TSLA) stock increased by 3% on Friday morning, a reaction to a report that the auto manufacturer plans to unveil its long-awaited Roadster, with flying capabilities, in August.
Tesla shares have been on a downward trend throughout 2026, so this news lands as a welcome development for investors. It’s left to Tesla to keep its promise and deliver the Roadster.
Where Tesla stock was sitting
As of this Cryptopolitan report, Tesla (NASDAQ: TSLA) traded at $350.34. It increased by 3% from Thursday’s close of $339.96.
Now its shares are trading between $342.01 and $351.10; however, it is still way below its high of $498.83 and is closer to its lowest low of $297.38 in 2026 for the year. Tesla currently has a market capitalization of $1.10 trillion.
All of this began from a report by Grace Kay from The Information. In the report, she claims that Tesla is about to launch a redesigned next-gen Roadster.
One of the big takeaways from the report was that the new reveal could be unveiled before August ends, and the redesign would include flying capabilities, which will be tested at Tesla’s site in McGregor, Texas.
Musk’s flying-car teases
Musk has previously teased the release of a flying car. Days before the report broke, Musk tweeted, “flying cars are coming.” Also, Tesla, for a couple of years, has teased a SpaceX cold gas thruster package that will let the car hover or briefly leave the ground.
An old video clip of Musk teasing the Roadster went viral on X. The upcoming launch was tagged “unforgettable” by the poster. Musk simply replied, “Yes.”
A pattern of delays
Skeptics would be well within their rights not to be excited. And this is not without reason. The Roadster is still in the design development phase, and Tesla has floated a lot of release dates in the past years, without meeting any.
In July 2025, Lars Moravy, VP of vehicle-engineering at Tesla, stated the Roadster was “definitely in development,” but no car has come out to date. Tesla’s dwindling stock price cannot be ignored too. It has dropped by 26% as competition with BYD and Xiaomi stiffens.
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FAQs
What caused Tesla stock to rise?
Shares climbed after The Information reported Tesla is close to unveiling a redesigned Roadster with "flying" capabilities.
When and where would the "flying" Roadster be revealed?
The reveal could come as soon as this month, with a SpaceX-assisted "flying" demonstration expected at Tesla's test facility in McGregor, Texas.
Has Tesla shown the Roadster before?
No. Tesla has repeatedly delayed the unveiling, floating dates including April before pushing to August, and executives such as Lars Moravy and Franz von Holzhausen have teased the event without setting a firm date.
Hannah Collymore
Hannah is a writer and editor with nearly a decade of blog writing and event reporting experience in the crypto space. At Cryptopolitan, Hannah contributes to the news page, reporting and analyzing the latest developments in DeFi, RWA, crypto regulation, AI and frontier tech industries. She graduated from Arcadia university with a degree in Business Administration.
