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Chevy’s big US win bodes well for the Tesla Model Y’s potential domination
The United States’ auto market may be reeling hard due to the ongoing pandemic, but there are still vehicles that are proving successful even in these trying times. One of these is the 2021 Chevy Trailblazer, which currently stands as the country’s fastest-selling new car. These results, especially considering the ongoing outbreak, bodes well for the Tesla Model Y and its potential domination of the premium crossover market.
According to a recent study from car search engine iSeeCars.com, the 2021 Chevy Trailblazer is the United States’ fastest-selling new car, spending only an average of 19 days on dealer lots before being sold. This is extremely impressive, especially considering that the study revealed that the average new car spends a whopping 97 days for sale before being bought.
In a way, the 2021 Chevy Trailblazer’s impressive rankings among the United States’ new car sales suggest that the crossover SUV market is alive and well, even in the midst of a pandemic. The 2021 Trailblazer, after all, is a subcompact SUV that represents pretty much what is expected of the crossover segment. It’s reasonably priced, practical, and it has a pretty hefty amount of features. These are things that the Model Y also excels in, albeit at a more premium price point.
The Tesla Model Y is arguably the electric car maker’s most bang-for-your-buck vehicle so far, being priced close to the Model 3 yet featuring utility that’s closer to the far more expensive Model X. Considering that crossovers remain popular, it appears that the Model Y could still find a good foothold in the US this year. This could benefit Tesla, especially since the Model Y already proved profitable in its first quarter of production despite the vehicle not being fully ramped. Tesla CFO Zachary Kirkhorn discussed this in the company’s Q2 2020 earnings call.
“Model Y, as we mentioned last quarter, was profitable in its first quarter of production. And despite the inefficiencies that we had due to the shutdown, we did see a pretty substantial improvement in the Model Y margin. And as we said before, the Model Y cost structure and Model 3 cost structure will converge. They’re not quite there. Model Y is still slightly more expensive than Model 3, and it’s not yet at full production. And with Model Y carrying a slightly higher price point, you can kind of back into the math there on the relative gross margins,” he said.
One thing that truly bodes well for the Model Y’s chances in the US’ new auto market is the fact that it is arguably one of the best premium crossovers in the market today, electric or otherwise. The vehicle has seen stellar reviews from noted veterans such as teardowns specialist Sandy Munro, and though the Model Y still has several areas of improvement, it appears that the crossover is well on its way to joining its sibling, the Model 3, as one of Tesla’s best-selling electric cars.
The Model 3, after all, has met its own set of doubters during its initial release, with Tesla critics insisting that the vehicle will not find a foothold in the midsize sedan market. Despite this, Model 3 demand proved stable enough that the vehicle practically dominated Tesla’s sales numbers in previous years, all the while beating cars like the BMW M3 in the US. Part of this is likely due to the Model 3’s uniqueness in the market. After all, very few vehicles could offer as much tech and performance at its price point. The same will likely be true for the Model Y.
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Elon Musk shed two new bits of detail on Starship following its 13th test launch, which was an overwhelming success.
SpaceX launched Starship for the 13th time last Friday after two delays: one on Monday when several Raptor engines did not ignite, and another on Thursday due to unfavorable weather conditions in Starbase, Texas.
The launch was overwhelmingly successful. SpaceX was able to complete a necessary test of the heat shield tiles by increasing the acceleration of Starship from launch throughout the flight; 20 Starlink v3 satellites were released with no issue; the Super Heavy Booster landed safely in the Gulf of America, Ship successfully reignited engines while in space; and it also splashed down without incident in the Indian Ocean.
SpaceX Starship just nailed something it’s never done before
Nevertheless, more details are coming out about Starship, and Musk is doing the talking.
Starship Will Be Retrieved in the Ocean
Musk revealed on Tuesday night that Starship would be recovered by a ship in the Indian Ocean. SpaceX routinely tries to recover Starship after splashdown in an effort to find out more about the flight by examining the spacecraft afterward.
We’re sending a ship out to recover Starship https://t.co/fUqUZTITO9
— Elon Musk (@elonmusk) July 28, 2026
This helps engineers find out more about why things might have happened, allows them to examine any potential damage or anomalies that might have occurred, and increases the chances of an even more successful flight next time thanks to the additional information recovered.
Ship Could Have Been Caught by Tower Arms, Musk claims
Musk has already indicated that SpaceX will plan to attempt a catch of Starship with the 14th test flight. While this would be a major accomplishment, it would be an expected next step, considering the fact that the Super Heavy Booster has already been caught by the chopsticks on numerous occasions.
The ship landing was precise, meaning that it would have been caught by the tower arms https://t.co/6nbNrRfX9P
— Elon Musk (@elonmusk) July 29, 2026
A ship catch would be a great indication of where SpaceX stands in terms of reusability and launch cadence. A successful catch with relatively no incidents would be a good sign that SpaceX is nearing a more frequent launch of Starship, but also that the reusability of the massive rocket would be something many would expect in the near future.
It is a necessity to make life multiplanetary.
Elon Musk has updated his timeline for when humans will walk on Mars and for when ships will simply get there.
The objective of getting to Mars has been one of Musk’s biggest goals since becoming a serial entrepreneur and realizing that time on Earth is limited. Musk has said several times he hopes to die on Mars, and not by impact.
Musk now believes that people will be on Mars in “roughly 5 to 7 years.” He said that a Mars lander will get there “a few years sooner.”
People on Mars in roughly 5 to 7 years.
Mars lander a few years sooner.
— Elon Musk (@elonmusk) July 29, 2026
The response from Musk comes after NASA Administrator Jared Isaacman said that SpaceX’s biggest priority is the Moon and not Mars. Because of this, Isaacman conceded that he believes nuclear power and propulsion investments will provide “potentially the pathway with the fewest miracles required to put four people on Mars in the next 10 to 15 years.”
Of course, this is what NASA can do through taxpayer funding and nuclear investments, he added.
Musk’s grand ambitions are much more optimistic than most, and it is certainly a double-edged sword. This is not the first time timelines for Mars have been somewhat lofty, especially to those normal thinkers like you and me, not super geniuses like Musk.
In fact, the SpaceX and Tesla frontman has said on at least a dozen occasions that we could be on Mars in the coming years. Musk said 2020 would be the big year as early as 2009. In 2020, he was “highly confident” of a landing in 2026, and had even said 2024 in a best-case scenario.
The point is, the range has varied, and it’s anyone’s guess when we’ll get there. This latest adjustment to the timeline is typical of Musk, and while the Moon has seemingly taken priority over Mars, it is still worth mentioning that the ultimate goal is to make life multiplanetary, and it starts potentially with the Red Planet.
SpaceX (NASDAQ: SPCX) got an absolutely crazy price target rating from Raymond James after the company experienced a tough first few weeks following its Initial Public Offering (IPO).
Despite the tumultuous start, SpaceX has plenty of believers, and the company’s massively successful Starship launch last Friday, its 13th test flight of the massive rocket, went so smoothly that Raymond James analysts pushed its price target on the company to roughly 7 times its current trading level.
SpaceX Starship just nailed something it’s never done before
The firm officially put a “Strong Buy” rating and an $800 price target on the stock. It currently trades at around $113. Its all-time high is $225.64, reaching this trading level shortly after shares first went public.
Raymond James’ price target is tied to the firm’s confidence after Starship’s 13th test flight. Analysts at the firm said it was an incremental step that reduces engineering risks, citing the widely successful heat shield test that CEO Elon Musk recently detailed, the smooth deployment of Starlink V3 satellites, and a successful in-space engine relight.
SpaceX also managed to see Starship splash down safely in the Indian Ocean, while the Super Heavy Booster fell down to the Gulf of America with no incidents.
It is interesting to see these launches have such a tremendous impact on the stock and what investors think of it. After SpaceX initially delayed the Starship launch last week, shares fell tremendously. Most probably did not realize that the stand-down is a standard practice, especially if everything is not perfect.
The mission was initially aborted due to an issue with Raptor engines. This was resolved, and Starship launched last Friday after another delay on Thursday, which was caused by weather.
Now that analysts have seen what SpaceX launches are capable of and how impressive the feat is, firms are adjusting their price targets accordingly, making it known that they have high expectations for the space exploration company.
Elon Musk sheds two new bits of detail on Starship after 13th test launch
Elon Musk updates the SpaceX timeline for Mars
