On Oct. 15, Elon Muskunveiled a new Tesla (Nasdaq: TSLA) car model which he called a "flying car." The car model named Roadster 2 uses technology from Musk's aerospace company SpaceX (Nasdaq:
On Oct. 15, Elon Muskunveiled a new Tesla (Nasdaq: TSLA) car model which he called a "flying car."
The car model named Roadster 2 uses technology from Musk's aerospace company SpaceX (Nasdaq: SPCX).
Turns out the future does have flying cars pic.twitter.com/6fexPp6SXI
— Elon Musk (@elonmusk) October 16, 2026
The demonstration took place at SpaceX's Texas facility. The two-person car — unmanned during the test — used jets to leap over a queue of Tesla’s existing models parked side-by-side. It then used the jets off to accelerate to 60 mph in a record time of less than a second.
“Success is not guaranteed,” Musk told the audience. “I mean that. It’ll probably work, but if it doesn’t work, we’re at a safe distance.”
The world's wealthiest individual is among the most ambitious tech tycoons right now.
Whether it's futuristic technologies like flying cars or space colonies, or trending ones like artificial intelligence (AI) or cryptocurrency, he has a stake in all.
Both Tesla and SpaceX make extensive use of AI in their products and also hold Bitcoin (BTC) on their balance sheets.
However, Musk's demonstration of the "flying car" did not manage to impress Tesla investors.
The company's stock was trading at $355 at the time of writing, down 2.05% in a day.
TSLA, Source: Yahoo Finance
Even crypto traders, who are among Musk's biggest fans, didn't show any enthusiasm for Tesla-linked contracts on Hyperliquid.
A decentralized crypto exchange built primarily to trade high-leverage perpetual futures, Hyperliquid lets traders speculate on commodities, equities, and private-company valuations through blockchain-based markets.
Tesla's Hyperliquid contract tracks the value of 1 share of common stock in Tesla. So far, the contract's performance has closely followed the price action of the Nasdaq-listed stock.
Note that the contract is only a synthetic version of the original Tesla stock and isn't officially affiliated with it.
TSLA-USDC contract, Source: HyperliquidThe TSLA-USDC pair was trading at $355.64 at the time of writing, down 1.38% in the last 24 hours.
Related: Elon Musk takes direct aim at Indian billionaire Mukesh Ambani
