Tesla is planning to finish the design and engineering of the next-generation Tesla Roadster by the end of this year and “hopefully” put the vehicle into production next year, according to CEO Elon Musk at Tesla’s shareholder meeting today.
Since then, Tesla has released the Model S Plaid, which has some similar performance numbers for its 0-60 and quarter-mile time. But it likely would not be as good at track performance because the Roadster will (presumably) be a slimmed-down version of the sedan.
But otherwise, we’ve heard very little about the Roadster, and it hasn’t shown up on any of Tesla’s product roadmaps. Other than that one public statement last year, it didn’t look like the car would hit the road this year, as we haven’t seen much progress.
Fast forward to today, when an investor asked Musk when we might see the car. Musk’s answer was to push back the car another year, to 2024… “hopefully.”
This mention was a little more detailed than others, so it might actually reflect that this timeline is more concrete than previous timelines. Musk seemed reasonably confident that engineering and design would be completed this year but was less confident of the timeline to start production next year.
Musk emphasized multiple times that this was a “hopeful” timeline and said that “this is not a commitment” that the car would go into production next year. So stay tuned for more news on whether Tesla will follow through or whether this will be another instance of “Elon time.”
Musk also made mention of the SpaceX option package, which he has previously stated would allow the car to “hover” and which Tesla chief designer Franz von Holzhausen has said would make the car an “exciting flying machine.”
Since this is a shareholder meeting, Musk mentioned that the car would likely not contribute much to overall company revenue but would perhaps be a “modest” contributor to profitability. Small production halo cars like this Roadster tend to have higher unit margins, but there are only so many buyers willing to spend $200,000+ on a vehicle.
But despite this likely lack of profitability, Musk did reiterate today that the car would be “sick.”
Here’s the full exchange, which starts at 1:25:50 in the video:
Electrek’s Take
As an owner of the original Tesla Roadster, I am obviously excited about the next-gen one. Ever since it was first announced, I’ve wanted to see and drive this thing. That is, at least, until I launched a Plaid, and my stomach /inner ear decided that maybe two seconds is faster than anyone needs to get to 60 miles per hour…
But that said, I have to say that it’s hard to imagine the car actually coming out in 2024. It’s been pushed back so many times already, and we’ve heard so little about it that this would be a pretty quick turnaround at this point.
If this car is going to come out next year, we would expect to see more about it before it hits the road: sightings of its testing, new tooling at Tesla’s factories, job postings, and all the sorts of normal indicators that we see in the months ahead of production for any car.
We’ve been seeing these for Cybertruck for years now. That model has been delayed a few times but is finally coming to market next quarter, supposedly. And the pace of sightings suggests that it is indeed close to production at this point, so it does feel likely that it will actually hit the road this time around.
So I’d expect to start seeing more about the Roadster at least around the end of this year or perhaps the beginning of next year, if it truly is going into production next year. But I wouldn’t make any bets on it, though it is nice to hear the car at least get mentioned again after a lack of news for quite some time now.
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Executives from TravelCenters America (TA) and BP were joined by local elected officials at a ribbon cutting for the two companies’ first DC fast charging hub on I-95 in Jacksonville, Florida – the first of several such EV charging stations to come online.
Frequent road-trippers are no doubt familiar with TA’s red, white, and blue logo and probably think of the sites as safe, convenient stops in otherwise unfamiliar surroundings. The company hopes those positive associations will carry over as its customers continue to switch from gas to electric at a record pace in 2025 and beyond.
“Today marks a significant milestone in our journey to bring new forms of energy to our customers as we support their changing mobility needs, while leveraging the best of bp and TA,” explains Debi Boffa, CEO of TravelCenters of America. Boffa, however, was quick to – but TA is quick to point out that TA isn’ no’t leaving its ICE customers behind. “While this is significant, to our loyal customers and guests, rest assured TA will continue to provide the same safe and reliable fueling options it has offered for over 50 years, regardless of the type of fuel.”
The charging hub along the I-95 offers 12 DC fast charging ports offering up to 400kW of power for lickety-quick charging. While they’re at the TA, EV drivers can visit restrooms, shop at TA’s convenience store, or eat at fast food chains like Popeyes and Subway. Other TA centers offer wifi and pet-friendly amenities as well – making them ideal partners for BP as the two companies builds out their charging networks.
“As we expand our EV charging network in the US, I am thrilled to unveil our first of many hubs at TA locations,” offers Sujay Sharma, CEO of BP Pulse Americas. “These sites are strategically located across key highway corridors that provide our customers with en route charging when and where they need it most, while offering convenient amenities, like restaurants and restrooms.”
The new e2500-THL and TS electric Ultra Buggies from Toro offer construction and demo crews a carrying capacity of 2500 lbs. (on the TS model), six-and-a-half foot dump height (on the THL), nearly 13 cubic ft. of capacity, and hours of quiet, fume-free operation.
For their open-mindedness, those crews will be rewarded with machines powered by 7 kWh’s worth of Toro HyperCell lithium-ion battery. That’s good enough for up to eight hours of continuous operation, according to Toro – enough for two typical working shifts.
And, thanks to the Toro Ultra Buggies’ narrow, 31.5″ width, they can easily navigate man doors on inside jobs, as well, making them ideal for indoor demolition and construction jobs. A zero-turn radius and auto-return dump mechanism that ensures the tub automatically returns to the proper resting position make things easy for the operator, too.
Toro says that each of its small (for Toro) e2500 Ultra Buggy units can replace as many as five wheelbarrows on a given job site. Pricing is expected to start at about $32,000.
GM has deployed three of its HYDROTEC hydrogen gensets to the Los Angeles area as a way to help generate power for EV drivers and emergency vehicles recovering from the devastating effects of the recent wildfires.
“GM is extending targeted local support to our customers and employees who have been impacted by the California wildfires,” said Duncan Aldred, vice president global commercial growth strategies and operations. “We’re finding ways to help get people back on the road and using our resources to make a difference in the recovery in the weeks and months to come.”
The mobile charging station rollout is part of a broader response to the fires from GM that includes “planned” philanthropic contributions to nonprofits serving affected communities, employee giving campaigns to benefit the American Red Cross Los Angeles region and the California Fire Foundation, and a complimentary subscription to Crisis Assist Services, which enables customers with OnStar-equipped vehicles to get information about the fires, receive routing guidance, and access immediate emergency assistance from an OnStar advisor.
GM also says it’s providing customers with damaged or destroyed GM vehicles assistance toward the purchase or lease of a new GM vehicle, subject to certain terms and conditions, which may include certain qualifications and restrictions. The company will also help cover collision repair deductible costs for damage to GM vehicles incurred from the wildfires – again, subject to certain qualifications and restrictions.
Electrek’s Take
While it’s certainly commendable for GM to take steps in an effort to support wildfire victims, it feels like a company that made more than $19 billion in gross profits in 2023 (and over $20 billion in 2022; 2024 numbers aren’t out yet – but the company did well enough to spend more than $6 billion buying back its own stock) could have done better than announcing “planned” donations and asking its employees to pony up. By my math, GM shareholders could have given each of the 163,000 global employees the company had in 2023 a $36,000 one-time bonus in lieu of those stock buybacks.
That said, how many companies are doing nothing at all? Good on GM for trying, then – here’s hoping others step up, too.