Tesla shares rose more than 2% in after-hours trading, following a presentation at an earlier event showcasing the Roadster's brief lift-off and mid-air rollover effects.

BlockBeats news, October 16, according to BIT (bit.com) market data, Tesla's US stock rose over 2% in after-hours trading, while SpaceX rose about 1.5%.

On the news front, Tesla today at the Roadster launch event demonstrated the flying car's brief lift-off and mid-air roll effects, equipped with cold gas thrusters co-developed with SpaceX. Meanwhile, Musk stated that production of the Roadster sports car will begin in 2028.