Tokenized Tesla surges as Elon Musk unveils SpaceX-powered flying Roadster prototype
Volume in Hyperliquid’s Tesla contract hit $47 million in one hour after Elon Musk’s flying Roadster demo, up from $2.8 million, with U.S. stocks closed.
Tesla unveiled its next-generation Roadster electric sports car during a livestreamed event at a SpaceX rocket testing facility near Waco, Texas. During the demonstration, the prototype used technology developed with SpaceX engineers to perform aerial stunts, including jumping and flipping over other Tesla vehicles like the Tesla Semi.
According to Euronews Business, the vehicle utilizes a fan suction system on its underside capable of pulling up to 2 Gs to allow it to drive upside down, along with altitude control and rear main thrusters that allow it to fly like a rocket.
Elon Musk stated that the demonstration was intended to prove the vehicle was real rather than an AI or SI creation. While the Roadster is a revival of a model discontinued in 2012, CNBC World reports that Musk does not expect the new version to enter production until 2028 and did not disclose a price. MarketWatch Top described the levitating demonstration as an engineering feat with no commercial value other than embarrassing traditional automakers.
Following the demonstration, trading volume for Hyperliquid’s Tesla contract reached $47 million in one hour, rising from $2.8 million after U.S. stocks had closed, according to CoinDesk.
Brief written by urgent.news from CoinDesk, CNBC World, Euronews Business, The Business Times - Companies & Markets, MarketWatch Top — 5 reports on this story. Machine-written — may contain errors; check the original before relying on it.
