Tesla shares rise 5% on Roadster reveal, but analysts question financial impact

Tesla shares rose 5% in premarket trading Friday after unveiling a redesigned Roadster with SpaceX-built thrusters, though analysts doubt its financial impact. Production is targeted for 2028, nearly a decade after deposits were first accepted. The white two-seater, developed with SpaceX, demonstrated flight capabilities including inverted driving, air turns, and jumping over vehicles. Tesla claims 0-60 mph in under one second and a 230 mph top speed. Analysts view it as a low-volume halo product with limited profit contribution. Tesla faces a challenging EV market with third-quarter deliveries down 2%, partly due to the end of a $7,500 US tax credit. The company is shifting focus to autonomy and robotics, with earnings due October 21.