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Tesla unveils next‑generation Roadster 'flying car'

CNBC reported on Oct 16 that Elon Musk's Tesla unveiled its next‑generation Roadster electric sports car after almost 10 years of missed deadlines; CNBC said the new Roadster uses SpaceX thruster technology to 'hover' and perform 'kick flips'. Yahoo also reported the story.

Developing storyTesla Roadster unveil set for 9PM ET, CNBC reports4 reports · latest 24 min agoTimeline →

MarketAlleys Research Desk

Published · 3 min read

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Illustration for: Tesla unveils next‑generation Roadster 'flying car'
Illustration (AI-generated) — not a photograph of the events described.

What happened

CNBC reported on Oct 16, 04:45 UTC that Elon Musk's Tesla unveiled its next‑generation Roadster electric sports car after almost 10 years of missed deadlines. The report described the vehicle as a new Roadster model from Tesla.

CNBC's summary said the new Roadster uses SpaceX thruster technology to 'hover' in the air and perform 'kick flips'. Yahoo also reported the unveiling.

Stocks market context

At Oct 16, 20:00 UTC, per Finnhub, several tracked instruments were as follows (moves are from the prior close): the SPY ETF was $763.25 and fell 1.11%, the QQQ ETF was $709.80 and fell 2.50%, Tesla was $354.72 and fell 2.13%, NVIDIA was $214.13 and fell 1.43%, and Apple was $343.46 and rose 0.43%.

Instrument Last Change Basis As of Source
S&P 500 (via SPY ETF) $763.25 -1.11% vs prior close Oct 16, 20:00 UTC Finnhub
Nasdaq 100 (via QQQ ETF) $709.80 -2.50% vs prior close Oct 16, 20:00 UTC Finnhub
NVIDIA $214.13 -1.43% vs prior close Oct 16, 20:00 UTC Finnhub
Apple $343.46 +0.43% vs prior close Oct 16, 20:00 UTC Finnhub
Microsoft $529.05 -1.93% vs prior close Oct 16, 20:00 UTC Finnhub
Amazon $250.00 -1.87% vs prior close Oct 16, 20:00 UTC Finnhub
Alphabet $340.59 -2.47% vs prior close Oct 16, 20:00 UTC Finnhub
Meta Platforms $709.33 -3.72% vs prior close Oct 16, 20:00 UTC Finnhub
Tesla $354.72 -2.13% vs prior close Oct 16, 20:00 UTC Finnhub
JPMorgan Chase $339.72 +1.25% vs prior close Oct 16, 20:00 UTC Finnhub

CoinDesk reported that tokenized Tesla surged as Elon Musk unveiled a SpaceX‑powered flying Roadster prototype. Yahoo reported that the unveiling boosted tokenized TSLA, with hourly volume in Hyperliquid's TSLA perpetual rising roughly 1,580%.

What to watch

No Tesla‑related upcoming events were listed in the calendar for this edition.

  • Mon Oct 19 (before the open) — GE Q3 2026 earnings · EPS estimate 2.06
  • Mon Oct 19 (before the open) — CLF Q3 2026 earnings · EPS estimate 0.19
  • Mon Oct 19 (before the open) — FITB Q3 2026 earnings · EPS estimate 0.97
  • Mon Oct 19 (after the close) — STLD Q3 2026 earnings · EPS estimate 5.51
  • Mon Oct 19 (after the close) — WRB Q3 2026 earnings · EPS estimate 1.16
  • Mon Oct 19 (after the close) — CCK Q3 2026 earnings · EPS estimate 2.28

Sources and data

  • CNBC (secondary source) — Tesla unveils its next-generation Roadster 'flying car'
  • CoinDesk (secondary source) — Tokenized Tesla surges as Elon Musk unveils SpaceX-powered flying Roadster prototype
  • Yahoo (secondary source) — Elon Musk's flying Tesla Roadster unveiling boosts tokenized TSLA
  • Finnhub (market data) — market data

Market data as of Oct 16, 20:00 UTC; report generated Oct 16, 22:10 UTC. All times are UTC. Each table row shows its own timestamp and provider.

This report was produced by the MarketAlleys Research Desk using automated data processing and language tools from the sources listed above, and checked against our automated-content validation rules. It is for information only and is not investment advice.

Terms in this article

Sources & data

  1. CNBC (secondary, retrieved Oct 16, 2026, 10:12 PM UTC)
  2. CoinDesk (secondary, retrieved Oct 16, 2026, 10:12 PM UTC)
  3. Yahoo (secondary, retrieved Oct 16, 2026, 10:12 PM UTC)
  4. Finnhub (market-data, retrieved Oct 16, 2026, 10:12 PM UTC)

Market data as of Oct 16, 2026, 08:00 PM UTC.

This report was produced by the MarketAlleys Research Desk using automated data processing and language tools, built only from the cited sources and validated by rules described in our methodology. Spot an error? Request a correction.

Ask about this story

Questions are answered only from this article and the sources it cites.

MarketAlleys provides news and analysis for information only; it is not investment advice or a recommendation to buy or sell any security. Markets involve risk. Risk disclaimer.

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Crypto market update: XRP leads losses on Friday

At Oct 16, 21:15 UTC CoinGecko shows the four tracked tokens were lower over 24 hours, with XRP down 2.52% and bitcoin at $81,629.00.

MarketAlleys Research Desk · · 2 min read