Economy

Tesla's Next Roadster Will Feature Actual SpaceX Rocket Thrusters-Elon Musk

Tesla's Next Roadster Will Feature Actual SpaceX Rocket Thrusters-Elon Musk

Shares of Tesla (TSLA) rose 6% Tuesday after KeyBanc analyst Brad Erickson said in a report that he expects Tesla to deliver 30,000 Model 3 cars in the second quarter, and almost 120,000 for the full year.

Tesla (NASDAQ:TSLA) stock surged more than 12 points to $330 in early trading Monday after Chief Executive Elon Musk tweeted that the next major Tesla software update will begin to enable all versions of the electric vehicle "full self-driving features".

Elon Musk says Tesla's upcoming supercar will fly, possibly in a literal way. Autopilot resources, he said, had so far "rightly focused entirely on safety". The update, dubbed Version 9.0, will also contain a bunch of improvements to the existing Autopilot technology, revealed CEO Elon Musk.

In May, Tesla settled a class action lawsuit from owners who had paid $5,000 for Autopilot but claimed that the automatic emergency braking and side-collision warning didn't function.

Enabling "full self-driving" would make good on a promise by electric-vehicle company Tesla two years ago when it began equipping all new cars with the necessary hardware for full self-driving.

More news: Apple iOS 12 public beta release date predictions

In the tweet, which addressed a concern about Autopilot wavering in high-traffic lane-merging situations, Musk said "that issue is better in latest Autopilot software rolling out now & fully fixed in August update as part of our long-awaited Tesla Version 9".

The upgrade comes amid a storm of bad publicity for Tesla in recent months, after numerous crashes were linked to drivers using the Autopilot feature.

"SpaceX option package for new Tesla Roadster will include ~10 small rocket thrusters arranged seamlessly around auto", Musk wrote.

Could the planned Tesla Roadster use rockets to improve its performance, as Musk tweeted? A Tesla representative told the publication that SpaceX and Tesla "are occasionally able to share ideas that help the other". They cannot only enhance the acceleration but also change the nature of the high-performance vehicle.

Even without a motorcycle, Tesla has its work cut out for the next few years. The Tesla Roadster will hit 100mph 2.3 seconds later, and Musk says it'll have a top speed of something like 250 miles per hour.


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