BUZZ - Tesla shares rise on Roadster refresh and promotion of its rocket propulsion system

October 16 - ** Tesla TSLA.O shares rose 4.6% in pre-market trading, to $379

** The company unveiled a newly designed Roadster (link) sports car, jointly developed with Elon Musk's SpaceX SPCX.O

** The new model is equipped with rocket-like boosters and is scheduled to be produced in 2028

** The new Roadster can accelerate from 0–60 mph in one second, aiming to showcase Tesla's engineering expertise

** By the close of the previous trading day, the stock had declined by 19.4% year-to-date

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