Tesla unveils new Roadster with flight capabilities; set for production in 2028

Tesla's VP of Energy and Charging, Mike Snyder, left the company on October 15, 2026. AJ Booth, senior director of energy products engineering, will succeed him. Tesla's energy division has been growing, with record deployments in Q4 2025. The company's energy storage business is a key growth area, alongside automotive and Cybercab production. Tesla shares moved on October 15, but the exact impact of the news is unclear due to other concurrent events.

Federal safety officials are reviewing Tesla's robotaxis after videos showed them not adhering to school-zone speed limits. The National Highway Traffic Safety Administration (NHTSA) opened an inquiry into about 1,000 Tesla vehicles, including Model Y and Cybercab, following a petition with three videos and one complaint. NHTSA has identified four related incidents, but no crashes or injuries were reported. Tesla is expanding its robotaxi service, and regulators are monitoring the situation.

Tesla unveiled its redesigned Roadster with SpaceX thrusters, capable of 0-60 mph in 1 second. CEO Elon Musk announced production in 2028, with three trims priced from $50,000 to $250,000. The car features 10 thrusters and 300 miles of range. Reservations are open, and the design was inspired by aircraft and James Bond cars.

Tesla's energy division sees leadership change as Mike Snyder steps down, replaced by AJ Booth. The company reported a 9.6% increase in energy operations for Q3. Tesla's stock is currently valued at $362.44, considered 7.8% overvalued according to GuruFocus, with a GF Score of 86/100. Insider selling totaled $938,409 over the last three months. Tesla's energy operations accounted for 11% of total revenue in the first half of the year.

Tesla's VP of energy and charging, Mike Snyder, has stepped down, according to the Wall Street Journal. AJ Booth will succeed him. Tesla did not comment. In Q3, Tesla's energy business grew 9.6%, contributing 11% of total revenue in the first half of 2024. The company is expanding its energy products and plans a $10B solar factory in Texas.

Tesla confirmed its driver-assist technology was active during an August crash in New Jersey, per a federal filing. The crash involved a 2021 Tesla Model Y and resulted in one fatality. Tesla has not disclosed the software version or whether the system was approved for the road. The automaker faces ongoing scrutiny over its driver-assistance technology.