What Tesla’s flying roadster really means for the global auto race

The new Tesla Roadster was pure spectacle.

There was the design that gave the sports car an appearance of a jet fighter crossed with a Lamborghini. A suction system that enabled it to hang upside down 69 feet above the ground. And, the defining feature, cold-gas rocket thrusters that jumped the car over a line of vehicles while doing a midair barrel roll.

With a flying sports car, Elon Musk displayed again that he’s America’s biggest dreamer. So when the Tesla CEO puts on a flashy show, as he did Thursday at a rocket facility near Waco, Texas, one must take note—not because the new Roadster is going to become a bestseller. After almost a decade of promises, it’s frankly hard to believe the halo car will actually begin production in 2028 with all of the features Musk laid out.

In many ways, whether it flies or not is besides...

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