Elon Musk Hints At Roadster Unveiling Ahead Of Pay Package Vote

Benzinga

Elon Musk said Tesla aims to unveil its long-delayed next-generation Roadster by year-end, calling it potentially the company’s “most memorable product reveal.” The luxury EV is designed to rival BYD’s YangWang U9 Xtreme as Tesla seeks shareholder approval for Musk’s nearly $1 trillion pay package.

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00:00It's Benzinga, bringing Wall Street to Main Street.

00:03Elon Musk said Tesla plans to unveil its long-delayed next-generation Roadster,

00:07hopefully before the end of the year, during a discussion with Joe Rogan, according to CNBC.

00:12Musk said the car has a shot at being the most memorable product unveil ever,

00:16but declined to share technical details.

00:19Patrick George told CNBC that Musk's renewed discussion of the long-delayed Roadster

00:24was likely prompted by rival Sam Altman's attempt to cancel his 2018 reservation.

00:31The Roadster is a luxury, low-production sports car designed to compete with high-performance models

00:35like BYD's Yang Wang U-9 Extreme.

00:39Musk and Tesla's board are seeking investor approval for a pay package

00:42worth nearly $1 trillion in stock that could raise his ownership stake to about 25%.

00:47For all things money, visit Benzinga.com.

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