StocksMediumUpdated•Originally published 16 October 2026•Updated 16 October 2026•
1 min read
Tesla Stock Surges 4.5% as Elon Musk Unveils Flying Roadster Prototype
Key Facts
1Tesla stock surged 4.5% in premarket trading after Elon Musk unveiled a flying car prototype.
2The new vehicle was revealed at a SpaceX facility in Waco, Texas.
Tesla stock surged 4.5% in premarket trading after CEO Elon Musk unveiled a flying prototype of the next-generation Roadster. Finbold reported that the company identified the vehicle as a redesigned Roadster during an event at a SpaceX facility in Waco, Texas, featuring compressed-air thrusters that allow the car to lift off the ground.
TSLA closed at $362.44 on October 15, 2026, while SPCX closed at $148.62 on the same date. According to Finbold, the reveal follows speculation regarding a potential merger between Tesla and SpaceX, even as JPMorgan maintained a Neutral rating with a $415 price target on TSLA as of October 16, 2026.