The new SpaceX valuation would represent yet another record-high as far as privately-held companies in the U.S. go.
The driver sustained only minor injuries, and the exact cause of the crash remains under investigation.
Cantor Fitzgerald is holding firm on its bullish stance for the electric vehicle maker.
The company stated that it would be examining the two Model 3s that were used in the magazine's test.
The clash marks a notable shift in the relationship between the two former allies.
The SMMT stated that Tesla sales grew 14% year-over-year to 7,719 units in June 2025.
Despite being on the market longer than many of its rivals, the Tesla Model 3 continues to set the bar for vehicle safety.
Tesla has launched Full Self-Driving testing in a fifth European country ahead of its launch.
