00:00It's Benzinga, bringing Wall Street to Main Street.
00:02Tesla CEO Elon Musk unveiled a new Roadster Thursday featuring rocket thrusters capable
00:08of jumping over vehicles and performing a mid-air barrel roll, according to the Wall Street Journal.
00:13Musk said the sports car would be Tesla's last new vehicle designed for human drivers
00:18as the company shifts its focus toward robotics and autonomous vehicles.
00:22The shift comes as Chinese automakers expand globally, putting pressure on Western manufacturers.
00:30Automotive consultant Michael Dunn says China's low-cost manufacturing is forcing Western
00:35automakers to move into higher-end niche markets or risk being pushed out.
00:40Consulting firm Alex Partners estimates Chinese electric vehicles cost about $11,000 less
00:45to produce than European equivalents.
00:47Meanwhile, Porsche is moving toward higher-priced vehicles as sales decline in China.
00:51For all things money, visit Benzinga.com.
