Tesla stock jumps as 'flying' car rumor excites markets

Tesla (NASDAQ: TSLA) stock increased by 3% on Friday morning, a reaction to a report that the auto manufacturer plans to unveil its long-awaited Roadster, with flying capabilities, in August.

Tesla shares have been on a downward trend throughout 2026, so this news lands as a welcome development for investors. It’s left to Tesla to keep its promise and deliver the Roadster.

Where Tesla stock was sitting

As of this Cryptopolitan report, Tesla (NASDAQ: TSLA) traded at $350.34. It increased by 3% from Thursday’s close of $339.96. 

Now its shares are trading between $342.01 and $351.10; however, it is still way below its high of $498.83 and is closer to its lowest low of $297.38 in 2026 for the year. Tesla currently has a market capitalization of $1.10 trillion.

All of this began from a report by Grace Kay from The Information. In the report, she claims that Tesla is about to launch a redesigned next-gen Roadster. 

One of the big takeaways from the report was that the new reveal could be unveiled before August ends, and the redesign would include flying capabilities, which will be tested at Tesla’s site in McGregor, Texas.

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