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China completes test flight of new spacecraft that resembles SpaceX Crew Dragon

China's newest spacecraft successfully landed on Friday following a three day mission. Credit: CASC

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China’s new uncrewed spacecraft successfully landed back on Earth on Friday, May 8, following a three-day mission. It touched down intact with the help of a trio of parachutes, making landfall in the Chinese desert at 1:49 a.m. ET (0549 UTC). The Chinese space agency released photos soon after that showed a spacecraft resembling a toasty marshmallow.

If you think have you deja vu while looking at this image, you’re not wrong. The new Chinese spacecraft resembles another spacecraft that is soon to carry its first crew of astronauts into space. That’s right; it looks similar to SpaceX’s Dragon capsule.

The mission is one of the first steps the Chinese are taking to prepare for future lunar missions. The spacecraft launched atop a Long March 5B — China’s most powerful rocket. During the test, the spacecraft soared to an altitude of nearly 5,000 miles above the Earth. The trial, which was similar to the initial flight test of Orion that NASA completed in late 2014, was heralded as a success. 

China has not revealed any detailed plans for its deep space ambitions, but we do have a rough idea of what the country and its space program hope to achieve. With the help of the Long March 5B, China aims to build its space station in low-Earth orbit sometime in the new few years.

It’s been rumored that this new spacecraft will probably play some sort of role in the development and maintenance of this future space station.

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China also has big plans for the moon and even Mars. The China Aerospace and Technology Corp is building an even larger Dragon-like spacecraft that could one day transport taikonauts (Chinese astronauts) to the moon. Chinese officials have expressed their desires to build a lunar outpost in the future as well as eventually send humans on to Mars.

The country made history in 2019 when it became the first to land a rover on the far side of the moon. Ever since the Chang’e 4 lander along with its Yutu 2 rover have been beaming back incredible photos of the lunar surface as well as taking scientific measurements.

The Yutu rover looks back at its Chang’e 4 robotic companion. Credit: CNSA/CLEP/Doug Elison

But China’s lunar plans do not stop there. Although specific details and dates are scarce, the country has mentioned the notion of  lunar landing sometime in the 2030s.

If all goes as planned, this summer, NASA will not be the only space agency sending a rover to Mars. The UAE also has plans to send a spacecraft to the red planet. The Hope spacecraft will launch from Japan this summer and spend two years studying the Martian atmosphere.

NASA’s Perseverance Mars rover will also launch in July and is expected to touch down on the red planet’s surface in Feb. 2021,it a region is known as Jezero Crater. Once it arrives, it will search for signs of past life, while collecting samples of Martian rock and soil to send back to Earth at a later time.

Artist illustration depicting what the Chinese Mars lander and rover will look like. Credit: CNSA

China is also expected to launch a spacecraft to Mars this summer. The Chinese space agency recently revealed that this mission would be called “Tianwen 1,”  which means the quest for heavenly truth. To date, only the U.S. and the former Soviet Union have landed spacecraft on Mars. However, both the European Space Agency and the Indian Space Research Organization (ISRO) have operational spacecraft orbiting the red planet.

The Chinese spacecraft will consist of three parts: an orbiter, a stationary lander, and a six-wheeled rover. Together the trio will study the Martian atmosphere, analyze the regolith and rocks, as well as try to better understand the Martian environment as a whole.

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Elon Musk

Elon Musk’s Neuralink posts massive update with new milestone

This is the first time Neuralink has successfully implanted two patients in a single day.

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neuralink link device with white background
(Credit: Neuralink)

Elon Musk’s Neuralink has posted a massive update with a new milestone that puts the company’s progress into perspective. Over the past few years, we have seen tremendous strides in Neuralink’s capabilities.

Now, the company has completed a new first, bringing more hope to the future of this revolutionary technology.

Neuralink’s third brain chip patient shares first video edited with BCI

Neuralink revealed in an update on Monday morning that it has officially completed two implants in a single day, with Patients 8 and 9 both receiving devices over the past weekend.

“Both participants are recovering well and in great spirits,” the company said in the short update. It did not disclose which day the surgeries were completed, but it did state explicitly that they both occurred on the same day:

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Musk said that Neuralink’s capabilities could do “life-changing good for ultimately millions, maybe billions, of people.” Right now, it is being used to help combat life-altering diseases, such as ALS, also known as Lou Gehrig’s Disease, as well as cervical spinal cord injuries.

Eventually, Neuralink could resolve things like anxiety, depression, and blindness, among many other ailments.

Its Link device also received FDA recognition for speech restoration earlier this year, marking a significant bit of progress in the program as it explores ways to cure ailments of various natures.

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Elon Musk

Elon Musk gives key update on plans for Tesla Diner outside of LA

More Tesla Supercharger Diners are on the way, Elon Musk says, as long as the initial one is successful.

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tesla diner supercharger in los angeles california at night
Credit: Tesla

Elon Musk has given a key update on its plans for the Tesla Supercharger Diner, as the first location in Los Angeles is set to open today, July 21.

The idea for the Supercharger Diner, which resembles a 50s-style eatery with elements of futuristic technology, is seven years in the making. Many wondered whether Tesla would expand its idea for a Supercharger restaurant outside of LA, and now we have an answer directly from Musk.

Elon Musk confirms awesome new features at Tesla Diner Supercharger

The Tesla CEO said that the company will establish these types of experiences “in major cities around the world, as well as at Supercharger sites on long distance routes.”

The Supercharger Diner has plenty of ways to draw in customers, and although the food and merchandise sold at the location will not be a major contributor to Tesla’s balance sheet, where investors want to see it, it could pay off in other ways.

The Diner is not exclusive to Tesla owners, so those who drive gas cars can still stop in for a burger, fries, and a shake while roaming around Los Angeles. The features of the Diner, however, do require a Tesla vehicle.

In-car ordering and movie screens syncing to the center touchscreen are two things that Tesla owners will enjoy that other drivers will not. These might be trivial, but the experience on its own could be a way that some consider buying a Tesla.

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It might sound crazy that a singular diner experience would flip someone to buy a car, but it’s not the most outlandish thing we’ve ever come across.

The question is where Tesla will plan to build these Supercharger Diners. Musk has already indicated that Starbase, Texas, will be one location, which fits with one of his other companies, SpaceX.

Austin could be an ideal location, but New York, Miami, Washington D.C., Boston, and plenty of other popular metro areas within the U.S. could see their own diners in the coming years.

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Investor's Corner

Tesla analyst says this stock concern is overblown while maintaining $400 PT

Tesla reported $2.763 billion in regulatory credit profits last year.

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Credit: Tesla

One Tesla analyst is saying that a major stock concern that has been discussed as the Trump administration aims to eliminate many financial crutches for EV and sustainable industries is overblown.

As the White House continues to put an emphasis on natural gas, coal, and other fossil fuels, investors are concerned that high-powered sustainability stocks like Tesla stand to take big hits over the coming years.

However, Piper Sandler analyst Alexander Potter believes it is just the opposite, as a new note to investors released on Monday says that the situation, especially regarding regulatory credits, is “not as bad as you think.”

Tesla stacked emissions credits in 2023, while others posted deficits

There have been many things during the Trump administration so far that have led some investors to consider divesting from Tesla altogether. Many people have shied away due to concerns over demand, as the $7,500 new EV tax credit and $4,000 used EV tax credit will bow out at the end of Q3.

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The Trump White House could also do away with emissions credits, which aim to give automakers a threshold of emissions to encourage EV production and cleaner powertrains. Companies that cannot meet this threshold can buy credits from other companies, and Tesla has benefitted from this program immensely over the past few years.

As the Trump administration considers eliminating this program, investors are concerned that it could significantly impact Tesla’s balance sheet. Potter believes the issue is overblown:

“We frequently receive questions about Tesla’s regulatory credits, and for good reason: the company received ~$3.5B in ‘free money’ last year, representing roughly 100% of FY24 free cash flow. So it’s fair to ask: will recent regulatory changes threaten Tesla’s earnings outlook? In short, we think the answer is no, at least not in 2025. We think that while it’s true that the U.S. government is committed to rescinding financial support for the EV and battery industries, Tesla will still book around $3B in credits this year, followed by $2.3B in 2026. This latter figure represents a modest reduction vs. our previous expectation…in our view, there’s no need for drastic estimate revisions. Note that it’s difficult to forecast the financial impact of regulatory credits — even Tesla itself struggles with this — but the attached analysis represents an honest effort.”

Tesla’s regulatory credit profitability by year is:

  • 2020: $1.58 billion
  • 2021: $1.465 billion
  • 2022: $1.776 billion
  • 2023: $1.79 billion
  • 2024: $2.763 billion

Potter and Piper Sandler maintained an ‘Overweight’ rating on the stock, and kept their $400 price target.

Tesla shares are trading at $329.63 at 11:39 a.m. on the East Coast.

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