Elon Musk claims Tesla Roadster 2 on track for 2025 deliveries
Musk says the Tesla Roadster 2 will be delivered in 2025, 11 years after it was first teased.
Tesla (TLSA) reported its Q2 2024 earnings today, and while the company posted mixed results, the earnings call provided some information from Elon Musk himself. Musk stated that the Tesla Roadster 2 was on track for 2025 deliveries.
The Tesla Roadster 2 was first teased in 2014 according to Wikipedia. In 2017, a prototype was shown at the end of a Tesla Semi event and pre-orders were opened up with expected delivery expected for 2020. Five years after that expected delivery, Musk expects the first Tesla Roadster 2 models to ship. Of course, Tesla doesn’t have a great track record of hitting benchmarks with the Roadster 2, so we’ll see if the company can deliver any of the vehicles next year. There was a global pandemic mixed into this timeline, but it’s hard to blame a five-year delay entirely on that event.
You can follow along with Tesla’s entire Q2 2024 earnings results, as well as all companies reporting for the current quarter by visiting our Q2 2024 topic right here on Shacknews.
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Bill Lavoy posted a new article, Elon Musk claims Tesla Roadster 2 on track for 2025 deliveries
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Rumor is the internal designation for the car is “Project Confederate”.
https://arstechnica.com/tech-policy/2024/02/tesla-must-face-racism-class-action-from-6000-black-workers-judge-rules/
https://edition.cnn.com/2023/09/28/business/tesla-eeoc-lawuit/index.html
https://www.nytimes.com/2021/10/04/business/tesla-racism-lawsuit.html
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I am not a fan of Elon Musk and his hateful speech(both racist and anti-lgbtq+). I think Tesla still makes some of the best EVs in the world. That being said, if I were purchasing a new EV, I am not sure I would go with Tesla. I own shares of TSLA in my IRA that I bought back in 2012, so I am still have a vested interest in the company's long-term success, but I have lost faith in the board and Musk himself.
At my core, I am an investor, and I see Musk's conduct as a a threat to the Tesla brand. Automobile buyers consider brands very often when making purchasing decisions. My hope is that Musk eventually leaves Tesla, and the talented engineers there get a chance to make cool products again.
Given the board's tolerance of Elon's behavior, I fear that he will continue to tank the brand. I currently have a $50/share price target on the stock, so I am not super jazzed about losing another 80% on my holdings, but depending on the broader economy and his mental state I think that might be a buying opportunity similar to buying Apple when Steve Jobs had a liver transplant in 2009.
Elon buying Twitter was the worst thing that could have happened to Tesla shareholders. It's a damn shame, because I actually liked Twitter before it became whatever the fuck it is today.
TLDR;
I hate Elon Musk. I think Tesla makes some good products, but most importantly I think electric vehicles are great and I am considering a Rivian for my next purchase.-
If you are interested in Rivian, you should watch The Long Way Up. It mainly focuses on the HD Livewire electric bikes with Ewan Mcgregor & Charley Boorman, but their support vehicles are the first Rivian trucks that hit the road and it was impressive as shit to watch what they went through. I would totally buy a Rivian after watching this if I could afford one.
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He did mention this in response to a question on unsupervised FSD on the conference call: "We should get miles between interventions to be high enough to implement unsupervised FSD by the end of this year, or 2025."
So that means 2030.
https://www.shacknews.com/article/140675/tesla-tsla-q2-2024-earnings-call-transcript
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