U.S. markets closed
  • S&P 500

    4,280.15
    +72.88 (+1.73%)
     
  • Dow 30

    33,761.05
    +424.38 (+1.27%)
     
  • Nasdaq

    13,047.19
    +267.27 (+2.09%)
     
  • Russell 2000

    2,016.62
    +41.36 (+2.09%)
     
  • Crude Oil

    91.88
    -2.46 (-2.61%)
     
  • Gold

    1,818.90
    +11.70 (+0.65%)
     
  • Silver

    20.83
    +0.49 (+2.39%)
     
  • EUR/USD

    1.0257
    -0.0068 (-0.66%)
     
  • 10-Yr Bond

    2.8490
    -0.0390 (-1.35%)
     
  • GBP/USD

    1.2139
    -0.0064 (-0.52%)
     
  • USD/JPY

    133.4800
    +0.4810 (+0.36%)
     
  • BTC-USD

    24,525.24
    +97.49 (+0.40%)
     
  • CMC Crypto 200

    574.64
    +3.36 (+0.59%)
     
  • FTSE 100

    7,500.89
    +34.98 (+0.47%)
     
  • Nikkei 225

    28,546.98
    +727.65 (+2.62%)
     
  • Oops!
    Something went wrong.
    Please try again later.

Tesla Roadster reservations are back — with a big deposit

·Senior Reporter
·3 min read
In this article:
  • Oops!
    Something went wrong.
    Please try again later.

For those who worship at the altar of Tesla (TSLA), another (financial) offering can be made.

Tesla has once again, albeit quietly, made reservations available for the second-gen Tesla Roadster.

On the company website, potential buyers can now put down a $5,000 deposit via credit card, then follow that up with a wire transfer for $45,000 within 10 days to secure a reservation.

Tesla Roadster reservation page
Tesla Roadster reservation page

The website says the $5,000 credit card deposit is “fully refundable,” but there’s no word on whether the wire transfer is or not. And good luck finding out what the MSRP is for the roadster, because it isn’t listed.

Of course, it’s all very odd for a car that was unveiled back in 2017 and still hasn’t been produced. At that time, when reservations were last open, the Roadster had a base price of $200,000, with a Founders Edition trim that listed for $250,000.

At last week’s Giga Rodeo celebrating the opening of Tesla's Texas factory, CEO Elon Musk gave an update on the Roadster, claiming it would go into production in 2023, following the beginning of production of the CyberTruck.

For Tesla, the announcement of a new product and subsequent delayed rollout isn’t new (see the base Model 3, Model Y, Tesla Semi, and the aforementioned CyberTruck). But for a product with a potential eye-watering price tag, not knowing a firm MSRP or an official delivery date can make putting down a big deposit a massive leap of faith.

For example, just take a look at some of the replies to my initial tweet about the Roadster reservations opening up:

On the flip-side, there are others who see nothing wrong with it:

Of course, the Roadster was never meant to be a high volume vehicle for Tesla. Instead, it's a "halo" car, offering a glimpse of the technology Tesla says it will soon have on offer — like a 250 mph top speed, 620 miles of range, and cold air thrusters for extra boost.

It’s just that potential buyers — who only get their money back if Tesla cancels the vehicle — have to take a huge leap of faith that the car will eventually be released. Just ask those reservation holders who plunked down $250,000 five years ago to see if their faith has been tested.

——

Pras Subramanian is the senior autos reporter for Yahoo Finance. You can follow him on Twitter and on Instagram.

Read the latest financial and business news from Yahoo Finance

Follow Yahoo Finance on Twitter, Instagram, YouTube, Facebook, Flipboard, and LinkedIn