Tesla shares have taken a tumble, and at this rate, Elon Musk’s long-promised flying Roadster might have a better chance of getting off the ground than the stock price does of staying airborne.
According to the chart, Tesla (NASDAQ: TSLA) shed 7.14% over five trading days, dropping US$27.29 to close at US$354.72 on 16 October. After-hours trading nudged it lower still, to US$352.46.
That’s a fair chunk of altitude lost in a short space of time.
Of course, Tesla shares have always been something of a rollercoaster, fuelled by electric cars, robotaxis, AI ambitions, and Musk’s seemingly limitless supply of headline-grabbing ideas. But investors may be wondering whether the company can turn all that futuristic promise into something a little more tangible.
Which brings us to the Roadster.
First unveiled in 2017, Tesla’s next-generation electric supercar was supposed to redefine performance, with Musk teasing everything from astonishing acceleration to the possibility of flying using SpaceX-inspired rocket technology. Nearly a decade later, the prospect of seeing one actually take flight remains about as predictable as Tesla’s share price.
To be fair, a five-day dip doesn’t mean Tesla is crashing. Its shares have survived plenty of turbulence before, and the company still commands enormous attention across the automotive and technology worlds.
But there’s a delicious irony in a company promising to send a sports car skywards while its stock takes the express lift in the opposite direction.
Perhaps the Roadster needs its rocket thrusters after all. Tesla investors might appreciate a little lift-off themselves.
Disclaimer: This article is for entertainment and information purposes only and is not financial advice.
