Can Tesla stock hit $400 after its flying Roadster reveal?

Tesla (NASDAQ: TSLA ) stock surged 4.5% in premarket trading on Friday, October 16, after CEO Elon Musk unveiled the new “Tesla flying car” at a SpaceX (NASDAQ: SPCX ) facility in Waco, Texas. The even naturally reignited investor enthusiasm for the carmaker’s products, while growing speculation about a potential merger with SpaceX added to the momentum and put some recent upward price revisions in the spotlight. The new Roadster model comes with a number of ambitious features, including compressed-air thrusters developed in collaboration with SpaceX, which allowed the vehicle to briefly lift off the ground and accelerate from zero to 60 mph in less than one second.

BeCrypto News shows a short excerpt and links to the publisher. The full report belongs to Finbold.