Market Overview

What We Know About Tesla's Roadster 2.0

Share:
What We Know About Tesla's Roadster 2.0
Related TSLA
41 Stocks Moving In Friday's Mid-Day Session
Tesla CEO Elon Musk: 'From A Personal Pain Standpoint, The Worst Is Yet To Come'
Consumer - Top Gainers / Losers as of 12:00 PM (08/17/2018) (Seeking Alpha)

Tesla Inc (NASDAQ: TSLA) revealed Thursday yet another project in its ever-expanding portfolio.

Behind the scenes, even as it worked out Model 3 production kinks, directed resources to Puerto Rican solar projects and delayed its Semi reveal, Tesla had secretly revived the Roadster, its first electric vehicle.

What You Need To Know: With a top speed above 250 miles per hour, the Roadster base model goes zero-to-60 in 1.9 seconds and zero-to-100 in 4.2 seconds. One charge of its 200 kilowatt-per-hour battery sustains a 630-mile trek.

“The point of doing this is just to give a hardcore smackdown to gasoline cars,” CEO Elon Musk said. “Driving a gasoline sports car is going to feel like a steam engine with a side of quiche.”

The four-seater includes three motors, torque steering and all-wheel drive. Musk plans to begin production in 2019 for 2020 sales at $200,000 per unit, except for the first 1,000 limited editions priced at $250,000.

What Analysts Think: The new Roadster could capture 25 percent of the exotic car market and bring in nearly $1 billion per year, according to Loup Ventures managing partner Gene Munster. But that’s not necessarily the point.

“Musk’s comment that the point of building the Roadster was to ‘give a hardcore smackdown to gasoline cars’ highlights the fact that Roadster is more about making a statement to the industry around the performance of EVs [...] and less about making money,” Munster wrote in a Friday note.

Others on the Street interpreted the unveiling with marked concern.

“We can't help worrying that Tesla may be taking on too much organizationally – which could distract it from ensuring Model 3's commercial success, which we believe is the critical driver of the company's fortunes,” Bernstein analyst Toni Sacconaghi Jr. wrote in a Friday note.

Munster anticipates potential delays leading to a 2021 rollout.

The Stock’s Reaction: Tesla’s stock had been on the rise all week as Musk teased the new Semi. At time of publication, shares were up 3 percent at $321.71.

Related Links:

Merrill Lynch: Tesla Semi Announcement Could Be A Reason To Buy Allison Transmission

Why Tesla's China Situation May Be More Favorable Than Previously Imagined

Image credit: Tesla Twitter

Latest Ratings for TSLA

DateFirmActionFromTo
Aug 2018Goldman SachsSuspendsSellNot Rated
Aug 2018JefferiesMaintainsHoldHold
Aug 2018Canaccord GenuityInitiates Coverage OnHold

View More Analyst Ratings for TSLA
View the Latest Analyst Ratings

Posted-In: Bernstein Elon Musk Gene MunsterAnalyst Color News Top Stories Analyst Ratings Tech Best of Benzinga

 

Related Articles (TSLA)

View Comments and Join the Discussion!

8 Biggest Price Target Changes For Friday

Why MoviePass Could Hit 1 Million Users This Year And What It Means For Helios & Matheson