News
NASA Artemis delegation tours SpaceX’s Starship factory and launch pad
Thanks to the failure of Blue Origin’s NASA Human Landing System (HLS) lawsuit, SpaceX and the space agency were finally able to get back to work last month.
Taking advantage of that, NASA astronauts and Artemis Program leaders recently took a tour of SpaceX’s South Texas Starship factory and launch pads – a massive hub of activity that the company has deemed Starbase. In doing so, save for updates from SpaceX and even members of the public over the last 6-9 months, NASA officials were finally able to get up close and personal with the progress SpaceX has made while the space agency was temporarily forced to halt all work on HLS.
While some aspects of SpaceX’s progress towards orbital Starship test flights were hampered by asymmetry between different programs, namely the readiness of Super Heavy and Starbase’s orbital launch site, SpaceX has still made some impressive progress in less than a year. At the start of 2021, Starbase’s lone orbital launch site was effectively a dirt lot and a fraction of the launch mount – the latter constructed well in advance of the rest of the pad. Less than a year later, that orbital launch site – including a skyscraper-sized launch tower, three massive arms, perhaps the most complex launch mount in spaceflight history, and the largest cryogenic tank farm ever built for a rocket – is on the verge of completion.
Several weeks of work are likely needed for SpaceX to finish and qualify the ~146m (~480 ft) launch tower’s ‘chopsticks’ – arms meant to lift and possibly catch Starships and Super Heavy boosters – and quick-disconnect swing arm, which fuels Starship and helps stabilize the rocket. The pad’s massive tank farm has also yet to be filled with any liquid methane fuel (LCH4).
However, that tank farm is complete enough – and filled with hundreds of tanker trucks of liquid oxygen and nitrogen – to begin extensive cryogenic proof testing with Super Heavy Booster 4 (B4), Starship’s first potentially fligthworthy booster. That process began on December 17th and a second cryogenic proof followed on December 21st. On the 22nd, SpaceX continued to expand the ambition of its booster testing and filled Super Heavy B4 more than any booster before it, loading it with two or three thousand tons (4.4M-6.6M lb) of cryogenic liquids in about two hours. There are signs that most of that liquid was actually liquid oxygen (LOx) – the oxidizer Starship will be filled with before launch – and both sides of the tank farm were visibly active.
In other words, once SpaceX is confident that the tank farm is safe to store liquid methane, the first Super Heavy wet dress rehearsals and static fire tests – eventually simulating full thrust just before liftoff – could begin almost immediately. Once the tower’s three arms are at least partially functional, SpaceX will also be able to install a Starship on top of Super Heavy for the second time and test a fully-integrated two-stage Starship launch vehicle for the first time, paving the way for the first orbital-velocity launch attempt as soon as as the FAA grants a license.
Though SpaceX technically hasn’t started building a prototype of the actual Starship Moon lander that will returns humans to the lunar surface, every single Starship and Super Heavy booster it builds and tests mature’s the foundation of that crewed variant’s design, as well as the fleet of boosters and ships that will be required to fuel it in orbit. By all appearances, Starship S20 – the first completed orbital-class prototye – has passed all the tests thrown at it and is ready for the program’s first orbital-velocity launch attempt. If the speed of recent testing continues, Super Heavy Booster 4 may not be far behind it.
Investor's Corner
Tesla gets bold Robotaxi prediction from Wall Street firm
Last week, Andrew Percoco took over Tesla analysis for Morgan Stanley from Adam Jonas, who covered the stock for years. Percoco seems to be less optimistic and bullish on Tesla shares, while still being fair and balanced in his analysis.
Tesla (NASDAQ: TSLA) received a bold Robotaxi prediction from Morgan Stanley, which anticipates a dramatic increase in the size of the company’s autonomous ride-hailing suite in the coming years.
Last week, Andrew Percoco took over Tesla analysis for Morgan Stanley from Adam Jonas, who covered the stock for years. Percoco seems to be less optimistic and bullish on Tesla shares, while still being fair and balanced in his analysis.
Percoco dug into the Robotaxi fleet and its expansion in the coming years in his latest note, released on Tuesday. The firm expects Tesla to increase the Robotaxi fleet size to 1,000 vehicles in 2026. However, that’s small-scale compared to what they expect from Tesla in a decade.
Tesla expands Robotaxi app access once again, this time on a global scale
By 2035, Morgan Stanley believes there will be one million Robotaxis on the road across multiple cities, a major jump and a considerable fleet size. We assume this means the fleet of vehicles Tesla will operate internally, and not including passenger-owned vehicles that could be added through software updates.
He also listed three specific catalysts that investors should pay attention to, as these will represent the company being on track to achieve its Robotaxi dreams:
- Opening Robotaxi to the public without a Safety Monitor. Timing is unclear, but it appears that Tesla is getting closer by the day.
- Improvement in safety metrics without the Safety Monitor. Tesla’s ability to improve its safety metrics as it scales miles driven without the Safety Monitor is imperative as it looks to scale in new states and cities in 2026.
- Cybercab start of production, targeted for April 2026. Tesla’s Cybercab is a purpose-built vehicle (no steering wheel or pedals, only two seats) that is expected to be produced through its state-of-the-art unboxed manufacturing process, offering further cost reductions and thus accelerating adoption over time.
Robotaxi stands to be one of Tesla’s most significant revenue contributors, especially as the company plans to continue expanding its ride-hailing service across the world in the coming years.
Its current deployment strategy is controlled and conservative to avoid any drastic and potentially program-ruining incidents.
So far, the program, which is active in Austin and the California Bay Area, has been widely successful.
News
Tesla Model Y L is gaining momentum in China’s premium segment
This suggests that the addition of the Model Y L to Tesla China’s lineup will not result in a case of cannibalization, but a possible case of “premiumization” instead.
Tesla’s domestic sales in China held steady in November with around 73,000 units delivered, but a closer look at the Model Y L’s numbers hints at an emerging shift towards pricier variants that could very well be boosting average selling prices and margins.
This suggests that the addition of the Model Y L to Tesla China’s lineup will not result in a case of cannibalization, but a possible case of “premiumization” instead.
Tesla China’s November domestic numbers
Data from the a Passenger Car Association (CPCA) indicated that Tesla China saw domestic deliveries of about 73,000 vehicles in November 2025. This number included 34,000 standard Model Y units, 26,000 Model 3 units, and 13,000 Model Y L units, as per industry watchers.
This means that the Model Y L accounted for roughly 27% of Tesla China’s total Model Y sales, despite the variant carrying a ~28% premium over the base RWD Model Y that is estimated to have dominated last year’s mix.
As per industry watcher @TSLAFanMtl, this suggests that Tesla China’s sales have moved towards more premium variants this year. Thus, direct year-over-year sales comparisons might miss the bigger picture. This is true even for the regular Model Y, as another premium trim, the Long Range RWD variant, was also added to the lineup this 2025.
November 2025 momentum
While Tesla China’s overall sales this year have seen challenges, the Model Y and Model 3 have remained strong sellers in the country. This is especially impressive as the Model Y and Model 3 are premium-priced vehicles, and they compete in the world’s most competitive electric vehicle market. Tesla China is also yet to roll out the latest capabilities of FSD in China, which means that its vehicles in the country could not tap into their latest capabilities yet.
Aggregated results from November suggest that the Tesla Model Y took the crown as China’s #1 best-selling SUV during the month, with roughly 34,000 deliveries. With the Model Y L, this number is even higher. The Tesla Model 3 also had a stellar month, seeing 25,700 deliveries during November 2025.
Cybertruck
Tesla Cybertruck earns IIHS Top Safety Pick+ award
To commemorate the accolade, the official Cybertruck account celebrated the milestone on X.
The Tesla Cybertruck has achieved the Insurance Institute for Highway Safety’s (IIHS) highest honor, earning a Top Safety Pick+ rating for 2025 models built after April 2025.
The full-size electric pickup truck’s safety rating is partly due to the vehicle’s strong performance in updated crash tests, superior front crash prevention, and effective headlights, among other factors. To commemorate the accolade, the official Cybertruck account celebrated the milestone on X.
Cybertruck’s IIHS rating
As per the IIHS, beginning with 2025 Cybertruck models built after April 2025, changes were made to the front underbody structure and footwell to improve occupant safety in driver-side and passenger-side small overlap front crashes. The moderate overlap front test earned a good rating, and the updated side impact test also received stellar marks.
The Cybertruck’s front crash prevention earned a good rating in pedestrian scenarios, with the standard Collision Avoidance Assist avoiding collisions in day and night tests across child, adult crossing, and parallel paths. Headlights with high-beam assist compensated for limitations, contributing to the top award.
Safest and most autonomous pickup
The Cybertruck is one of only two full-size pickups to receive the IIHS’ Top Safety Pick + rating. It is also the only one equipped with advanced self-driving features via Tesla’s Full Self-Driving (Supervised) system. Thanks to FSD, the Cybertruck can navigate inner city streets and highways on its own with minimal supervision, adding a layer of safety beyond passive crash protection.
Community reactions poured in, with users praising the vehicle’s safety rating amidst skepticism from critics. Tesla itself highlighted this by starting its X post with a short clip of a Cybertruck critic who predicted that the vehicle will likely not pass safety tests. The only question now is, of course, if the vehicle’s Top Safety Pick+ rating from the IIHS will help the Cybertruck improve its sales.
Tesla gets bold Robotaxi prediction from Wall Street firm
Tesla Model Y L is gaining momentum in China’s premium segment
