Tesla shares rose 4% to $367.59 in afternoon trading after Florida Governor Ron DeSantis pledged to make the company's flying Roadster legal in his state, saying on X that the state would ensure it is legal. The pledge followed Tesla's unveiling of the long-delayed Roadster last week, where a version fitted with air tanks and thrusters launched from a ramp, flew briefly and landed on its wheels. Rivian fell 0.9% to $12.31 and Lucid slipped 1.12% to $3.10, while Tesla's gain also reflected a broad tech rebound, with the QQQ up 2%. The article notes that federal regulators decide whether a vehicle can fly, production is years away, and Tesla has not announced a price for the flying version.
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Related tickers and likely impact
TSLA
▲ Likely positiveTesla, Inc.
Relevance: low
| Market | US stocks |
|---|---|
| Sector | Consumer Discretionary |
| Industry | Automobile Manufacturers |
| Market cap | $1.4T |
| Close on 10/16/2026 | 354.67 |
| Change that session | -2.14% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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