EV maker Tesla (TSLA) might be getting ready to introduce a flying car by the end of the year, according to CEO Elon Musk. Indeed, in a podcast released on Friday, Musk hinted that a prototype of the long-delayed new Tesla Roadster is almost ready. When asked by Joe Rogan for updates, Musk mentioned that his friend Peter Thiel once said that the future was supposed to include flying cars. As a result, Musk hinted that Tesla may be close to making that a reality.
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Unfortunately, Musk didn’t provide many details, but said that the prototype includes “some crazy technology” and its reveal would be “unforgettable.” He also claimed that it would be wilder than all the James Bond cars combined and confirmed it would look different from the earlier Roadster designs. It is worth noting that Musk has talked about a flying Roadster before, including at a Tesla fan event in July 2024 and again during Tesla’s October 2024 earnings call.
Interestingly, Tesla originally built the first Roadster from 2008 to 2012, before shifting its focus to other vehicle models. In addition, a new version of the car was originally scheduled to go into production in 2020, but was delayed several times. However, with Musk now dropping hints again, it seems like the next Roadster might not just be an updated sports car but something much more futuristic.
What Is the Prediction for Tesla Stock?
Turning to Wall Street, analysts have a Hold consensus rating on Tesla stock based on 14 Buys, 11 Holds, and 10 Sells assigned in the past three months, as indicated by the graphic below. Furthermore, the average Tesla price target of $395.54 per share implies 12.5% downside risk.
