Tesla Roadster probably won't drive an earnings beat, but the big unveil did achieve 2 things

What happened: Tesla unveiled a redesigned Roadster at SpaceX's rocket test site in McGregor, Texas, nearly nine years after Elon Musk first showed the idea in 2017. Tesla says production will start in 2028. Key numbers: 60 mph in under a second, top speed above 230 mph. $50,000 deposit on the Performance version, $250,000 on the Thrust version. Why it matters: Analyst Gene Munster called the event an engineering flex with no commercial value beyond embarrassing traditional car makers, and said Musk wants to bring $TSLA and $SPCX together. Market: -0.1% today ($736.72), +13.5% YTD, 0.9x vol — as of 11:30 UTC

Tesla unveiled a redesigned Roadster at SpaceX's rocket test site in McGregor, Texas, nearly nine years after Elon Musk first showed the idea in 2017. Tesla says production will start in 2028.

Analyst Gene Munster called the event an engineering flex with no commercial value beyond embarrassing traditional car makers, and said Musk wants to bring $TSLA and $SPCX together. Market: -0.1% today ($736.72), +13.5% YTD, 0.9x vol — as of 11:30 UTC