In mid-October, CEO Elon Musk sort of made good on a long-standing promise: Tesla’s new second-gen Roadster flew through the air. Technically, the vehicle used compressed air to “thrust” itself—the “flying” lasted mere seconds, and the system takes six to seven hours to refill.

Never mind, though—some buyers were eager to unsheath their credit cards to reserve one of the cars. “I was freaking out,” says Alex Lawrence, the owner of used-electric-vehicle dealership EVAuto, who already had one reservation for a second-gen Roadster and watched the demonstration live online. “I placed another one.”

It’s not a decision most would make lightly. Tesla took years to get the sports car even close to production. The automaker first introduced the vehicle, a successor to its first car ever, as a surprise at a 2017 event, and immediately began taking $50,000 reservations. At the time, the plan was to deliver the cars in 2020; Musk and company now say the vehicle will enter production in 2028, with delivery dates unclear. (If reservation holders had put that money into Tesla stock, they would be up nearly $1 million today.)

The Roadster is also expensive to reserve—and will likely get pricier to buy. The vehicle’s base model, which doesn’t include acceleration thrusters or the flight system, still costs $50,000 to reserve. The second-tier Thrust variant, which comes with the thrusters, requires a $250,000 deposit. The actual flying car, called Rocket, is listed as “invite-only,” and even Musk has acknowledged the vehicle won’t be street legal .

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