Tesla TSLA -1.29% ▼ stock retreated 3.26% on Friday, despite an over 2% rally earlier in the day. The catalyst for that rally was the Tesla Roadster event last night. Founder and CEO Elon Musk showed off the new Tesla Roadster EV, with the highlight being the vehicle’s ability to fly for a short period of time.

Kitted out with SpaceX boosters, the leaping car is coming in 2028. Maybe.

A sports car that flips in midair is giving Tesla (NASDAQ:TSLA | TSLA Price Prediction) a lift. Tesla stock is up 4% to $375.29 in morning trading, rising after the company revealed a redesigned Roadster that adopts hardware from a rocket maker.

Is the 2nd-gen Roadster really a 'flying car" or is this more marketing bluster?

Tesla has unveiled a redesigned, production-intent version of its long-delayed second-generation Roadster, combining extreme electric-car performance with SpaceX-derived propulsion technology that the company says can enable sub-one-second acceleration and airborne maneuvers.

Tesla will open the doors to its new Semi factory in Sparks, Nevada on Thursday, just as investors look for proof that the long-delayed electric Semi is finally ready to scale.

Tesla has delayed the reveal of its long-awaited next-generation Roadster by two weeks, moving the event from October 1 to October 15. The company cited severe weather in the forecast. The event had only been scheduled last month.