Stock Score Locked: Edge Members Only Benzinga Rankings give you vital metrics on any stock – anytime. Unlock Rankings Tesla launched a refreshed Model 3 in the U.S. in January 2023 and a refreshed version of its best-selling Model Y SUV in January this year. Moravy said that the company focused on refreshing the Model 3 and Y first as they are higher volume vehicles and refreshing them was needed for the company to stay competitive. The executive also confirmed that Tesla is indeed working with Elon Musk‘s rocket manufacturing company SpaceX for its upcoming Roadster. Tesla intends to start production of the new Roadster in 2025. The sports car will be a tribute to Tesla's first EV – the limited-production original Roadster produced by the company between 2008 and 2012. In February 2024, Musk said that the upcoming Tesla Roadster can accelerate from 0 to 60 mph in less than 1 second, lower than the company’s initial estimate of 1.9 seconds. The vehicle relies on a collaboration between Musk’s two companies, Tesla and rocket manufacturer SpaceX, to provide the incredible performance, he added. Check out more of Benzinga’s Future Of Mobility coverage by following this link. Read Next: