Tesla has rescheduled its Roadster demonstration from October 1 to October 15 due to severe weather forecasts for central Texas. This marks the latest setback in a series of delays for the highly anticipated vehicle, which was originally unveiled in 2017 with a promised production date of 2020. The demo will take place at SpaceX‘s testing site in McGregor, near Waco, Texas, where Tesla plans to demonstrate the car’s ability to hover using a cold gas thruster developed by SpaceX.
The Roadster’s production timeline has now been extended multiple times, with estimates pushing to 2027 or 2028. This recurring pattern of delays raises skepticism among investors, particularly as Tesla’s market capitalization reportedly dropped more than 20% year-to-date, reflecting broader investor concerns about the company’s delivery timelines and growing competition in the electric vehicle space.
In related news, Tesla’s Semi truck production is beginning to ramp up, supported by a recent order for 2,500 electric Class 8 trucks. Nonetheless, Tesla faces challenges in profitability, as automotive gross margins have fallen to 16.3%, attributed to pricing pressures and rising costs in energy storage. Overall, the company is expected to exceed $25 billion in capital expenditures by 2026, intensifying the focus on delivering substantial returns on these investments.
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