The event, expected to begin at 7:55 local time (8:55 ET), will showcase a high-end, low-volume model that incorporates SpaceX technology, including cold gas thrusters that could allow the car to hover. Tesla has reopened reservations in recent weeks, accepting $50,000 deposits in the U.S., Canada, and China. Executives are expected to disclose pricing, details, and production targets.
Musk first promoted the refreshed Roadster concept in November 2017, promising a "SpaceX option package" with about 10 small rocket thrusters arranged around the car to improve speed and braking, and potentially "even allow a Tesla to fly." However, the company has missed every targeted delivery date since then. As recently as last October, Musk hyped a demonstration that he hoped would happen before the end of 2025, but it did not take place.
The original Roadster, designed under founding CEO Martin Eberhard, used a Lotus Elise chassis and was delivered from 2008 to 2012 in small volumes. The next-generation model is not expected to have a material financial impact on Tesla, given its low volume and high price point.
The reveal comes after OpenAI co-founder Sam Altman publicly mocked Musk over the delays, sharing screenshots of his own reservation and refund requests. "I really was excited for the car! And I understand delays," Altman wrote on X. "But 7.5 years has felt like a long time to wait." Altman received his refund.