News
India could become the fourth country ever to soft-land a spacecraft on the Moon next week
The Indian Space Research Organization (ISRO) is perhaps just a few weeks (maybe days) away from attempting to place the country in the history books, hopefully setting India up to become the fourth nation on Earth – after the Soviet Union, United States, and China – to successfully soft-land on the Moon.
Known as Chandrayaan-2, the mission seeks to simultaneously launch a lunar orbiter, lander, and rover, altogether weighing nearly 3900 kg (8600 lb) at liftoff. If successful, the trio of spacecraft will remain integrated for about two months as the orbiter slowly raises its Earth orbit to eventually intercept and begin orbiting the Moon. Although originally expected to launch on Sunday, July 14th (July 15th local time), a bug with the Indian-built launch vehicle’s upper stage has pushed Chandrayaan-2 outside its original launch window, which ended today (July 16th). Depending on the complexity of the mission profile ISRO is using, the delay should be no more than a few days to a few weeks before the next launch window opens.
Editor’s note: Following ISRO’s July 15th scrub, the Chandrayaan-2 Moon lander mission has been rescheduled for launch no earlier than (NET) 2:43 pm local time, July 22nd (2:13 am PDT/9:13 UTC, July 23rd).
Fourth to the Moon (in one piece)
- All the way back in 1966, the Soviet Union (USSR) became the first to successfully soft-land an uncrewed spacecraft on the Moon with a mission known as Luna-9. Some four months after the momentous achievement, the United States became the second, safely landing Surveyor-1 on the Moon in June 1966.
- At the height of the space race, huge amounts of money was being funneled into these milestones, permitting the companies, institutions, and space agencies building, launching, and operating the individual missions to almost throw hardware at the metaphorical wall until something stuck. With the Soviet space program, this involved 17 failures, two successes, and one partial success in the first 7 years of the Luna initiative, culminating in Luna 9’s successful landing in February 1966.
- The US had three major separate programs known as Ranger, Lunar Orbiter, and Surveyor, the former of which was meant to simply fly past or impact the Moon to acquire detailed photos of its surface. Ranger suffered five consecutive failures and one partial failure before three full successes, while Orbiter was a complete success (5/5) and Surveyor failed only 2 of 7 attempts.
- Ultimately, this little snippet of history is simply meant to emphasize the utterly different approaches of those pathfinder programs relative to modern exploration efforts. In the case of ISRO’s Chandrayaan-2, failure would likely mean several years of delays before the next possible attempt – there is no concurrent (verging on mass-) production of multiple spacecraft like there was with Surveyor and Luna.
- Just shy of 50 years after the back-to-back first and second soft landings of Luna-9 and Surveyor-1, China became the third nation on Earth to successfully soft-land on the Moon with its 2013 Chang’e-3 mission, featuring a lander and rover. This was followed by Chang’e-4 in 2018, which continues to successfully operate 8 months after achieving the first successful soft-landing on the far side of the Moon.
- Finally, just several months ago, private company SpaceIL – supported by Israeli aerospace company IAI – attempted (albeit unsuccessfully) to make Israel the fourth country to land on the Moon.
Indian spacecraft, Indian rocket
- This finally brings us to Chandrayaan-2, what can only be described as a continuation of a recent resurgence in interest and serious robotic exploration of the Moon. Once it launches, the mission will take roughly 56 days to get into position for an attempted soft-landing. Prior to landing, the orbiter – in a circular, 100-km (62 mi) lunar orbit – will actively scout the intended landing site with a high-resolution ~0.3m/pixel camera to help the lander avoid any dangerous terrain.
- Once complete, the lander – carrying a tiny, ~27 kg (60 lb) rover – will begin its deorbit and landing maneuvers, hopefully culminating in a successful, gentle landing near the Moon’s South pole.
- Sadly, the Vikram lander and Pragyaan rover have an expected life of just one lunar day after landing, translating to ~14 Earth days or ~340 hours. This is a strong indicator that the Chandrayaan-2 landing component was not designed to survive the ultra-cold and harsh lunar night, also ~14 Earth days long.
- This isn’t much of a surprise, as surviving the lunar night is a whole different challenge that is rarely worth the hardware, effort, and funding required until the first prerequisite – a soft landing on the Moon – has been successfully demonstrated.
- A follow-up mission known as Chandrayaan-2 has already been proposed and would likely permit far lengthier exploration of the lunar south pole if India and launch partner Japan choose to move forward with it.
- Chandrayaan-2 will be launched on an Indian-built Geosynchronous Satellite Launch Vehicle (GSLV) Mk III-D2 rocket, the most powerful rocket in India’s arsenal. Although GSLV Mk III weighs significantly more than SpaceX’s
- Falcon 9 when fully fueled (640 metric tons to F9’s 550), the rocket is almost a third less capable to Low Earth Orbit (LEO) – 8000 kg to F9’s ~23,000 kg.
- However, thanks to the development of an efficient liquid hydrogen/oxygen (hydrolox) upper stage and engine, the rocket comes into its own when dealing with its namesake – geostationary (i.e. high-altitude) satellite launches. To GTO, GSLV Mk III is reportedly capable of launching at least 4000 kg, almost half of Falcon 9’s expendable performance and almost 75% as much as Falcon 9 with booster landing.
- Even more impressive is the cost: ISRO purchased a block of 10 GSLV Mk III rockets in 2018 for roughly $630M, translating to ~$63M per rocket, nearly equivalent to Falcon 9’s own list price of $62M. This places GSLV Mk III around the same level as Russia’s Proton-M rocket in terms of a cost-to-performance ratio, still second to Falcon 9 in most cases. GSLV Mk III has only launched three times (all successful) since its 2014 debut and Chandrayaan-2 will be its fourth launch.
Investor's Corner
Tesla (TSLA) Q4 and FY 2025 earnings call: The most important points
Executives, including CEO Elon Musk, discussed how the company is positioning itself for growth across vehicles, energy, AI, and robotics despite near-term pressures from tariffs, pricing, and macro conditions.
Tesla’s (NASDAQ:TSLA) Q4 and FY 2025 earnings call highlighted improving margins, record energy performance, expanding autonomy efforts, and a sharp acceleration in AI and robotics investments.
Executives, including CEO Elon Musk, discussed how the company is positioning itself for growth across vehicles, energy, AI, and robotics despite near-term pressures from tariffs, pricing, and macro conditions.
Key takeaways
Tesla reported sequential improvement in automotive gross margins excluding regulatory credits, rising from 15.4% to 17.9%, supported by favorable regional mix effects despite a 16% decline in deliveries. Total gross margin exceeded 20.1%, the highest level in more than two years, even with lower fixed-cost absorption and tariff impacts.
The energy business delivered standout results, with revenue reaching nearly $12.8 billion, up 26.6% year over year. Energy gross profit hit a new quarterly record, driven by strong global demand and high deployments of MegaPack and Powerwall across all regions, as noted in a report from The Motley Fool.
Tesla also stated that paid Full Self-Driving customers have climbed to nearly 1.1 million worldwide, with about 70% having purchased FSD outright. The company has now fully transitioned FSD to a subscription-based sales model, which should create a short-term margin headwind for automotive results.
Free cash flow totaled $1.4 billion for the quarter. Operating expenses rose by $500 million sequentially as well.
Production shifts, robotics, and AI investment
Musk further confirmed that Model S and Model X production is expected to wind down next quarter, and plans are underway to convert Fremont’s S/X line into an Optimus robot factory with a capacity of one million units.
Tesla’s Robotaxi fleet has surpassed 500 vehicles, operating across the Bay Area and Austin, with Musk noting a rapid monthly expansion pace. He also reiterated that CyberCab production is expected to begin in April, following a slow initial S-curve ramp before scaling beyond other vehicle programs.
Looking ahead, Tesla expects its capital expenditures to exceed $20 billion next year, thanks to the company’s operations across its six factories, the expansion of its fleet expansion, and the ramp of its AI compute. Additional investments in AI chips, compute infrastructure, and future in-house semiconductor manufacturing were discussed but are not included in the company’s current CapEx guidance.
More importantly, Tesla ended the year with a larger backlog than in recent years. This is supported by record deliveries in smaller international markets and stronger demand across APAC and EMEA. Energy backlog remains strong globally as well, though Tesla cautioned that margin pressure could emerge from competition, policy uncertainty, and tariffs.
Tesla is bringing closure to its flagship Model S and Model X vehicles, which CEO Elon Musk said several years ago were only produced for “sentimental reasons.”
The Model S and Model X have been light contributors to Tesla’s delivery growth over the past few years, commonly contributing only a few percentage points toward the over 1.7 million cars the company has handed over to customers annually since 2022.
However, the Model S and Model X have remained in production because of their high-end performance and flagship status; they are truly two vehicles that are premium offerings and do not hold major weight toward Tesla’s future goals.
On Wednesday, during the Q4 2025 Earnings Call, Musk confirmed that Tesla would bring closure to the two models, ending their production and making way for the manufacturing efforts of the Optimus robot:
“It is time to bring the Model S and Model X programs to an end with an honorable discharge. It is time to bring the S/X programs to an end. It’s part of our overall shift to an autonomous future.”
Musk said the production lines that Tesla has for the Model S and Model X at the Fremont Factory in Northern California will be transitioned to Optimus production lines that will produce one million units per year.
Tesla Fremont Factory celebrates 15 years of electric vehicle production
Tesla will continue to service Model S and Model X vehicles, but it will officially stop deliveries of the cars in Q2, as inventory will be liquidated. When they’re gone, they’re gone.
BREAKING: Tesla will wind down Model S and Model X production next quarter, Elon Musk confirms.
“It is time to bring the Model S and Model X programs to an end with an honorable discharge.” pic.twitter.com/Czn7aQjJE1
— TESLARATI (@Teslarati) January 28, 2026
Tesla has been making moves to sunset the two vehicles for the better part of one year. Last July, it stopped taking any custom orders for vehicles in Europe, essentially pushing the idea that the program was coming to a close soon.
Musk said back in 2019:
“I mean, they’re very expensive, made in low volume. To be totally frank, we’re continuing to make them more for sentimental reasons than anything else. They’re really of minor importance to the future.”
That point is more relevant than ever as Tesla is ending the production of the cars to make way for Optimus, which will likely be Tesla’s biggest product in the coming years.
Musk added during the Earnings Call on Wednesday that he believes Optimus will be a major needle-mover of the United States’ GDP, as it will increase productivity and enable universal high income for humans.
Investor's Corner
LIVE BLOG: Tesla (TSLA) Q4 and FY 2025 earnings call
Tesla’s (NASDAQ:TSLA) earnings call follows the release of the company’s Q4 and full-year 2025 update letter.
Tesla’s (NASDAQ:TSLA) earnings call follows the release of the company’s Q4 and full-year 2025 update letter, which was published on Tesla’s Investor Relations website after markets closed on January 28, 2025.
The results cap a quarter in which Tesla produced more than 434,000 vehicles, delivered over 418,000 vehicles, and deployed 14.2 GWh of energy storage products. For the full year, Tesla produced 1.65 million vehicles and delivered 1.63 million, while total energy storage deployments reached 46.7 GWh.
Tesla’s Q4 and FY 2025 Results
According to Tesla’s Q4 and FY 2025 Update Letter, the company posted GAAP earnings per share of $0.24 and non-GAAP EPS of $0.50 in the fourth quarter. Total revenue for Q4 came in at $24.901 billion, while GAAP net income was reported at $840 million.
For full-year 2025, Tesla reported GAAP EPS of $1.08 and non-GAAP EPS of $1.66 per share. Total revenue reached $94.83 billion, including $69.53 billion from automotive operations and $12.78 billion from the company’s energy generation and storage business. GAAP net income for the year totaled $3.79 billion.
Earnings call updates
The following are live updates from Tesla’s Q4 and FY 2025 earnings call. I will be updating this article in real time, so please keep refreshing the page to view the latest updates on this story.
16:25 CT – Good day to everyone, and welcome to another Tesla earnings call live blog. There’s a lot to unpack from Tesla’s Q4 and FY 2025 update letter, so I’m pretty sure this earnings call will be quite interesting.
16:30 CT – The Q4 and FY 2025 earnings call officially starts. IR exec Travis Axelrod opens the call. Elon and other executives are present.
16:30 CT – Elon makes his opening statement and explains why Tesla changed its mission to “Amazing Abundance.” “With the continued growth of AI and robotics, I think we’re headed towards a future of universal high income,” Musk said, adding that along the way, Tesla will still be improving its products while keeping the environment safe and healthy.
16:34 CT – Elon noted that the first steps for this future are happening this year, thanks to Tesla’s autonomy and robotics programs, which will be launching and ramping this year. He also highlighted that Tesla will be making major investments this year, though the company will be very strategic when it comes to its funding. “I think it makes a ton of strategic sense,” Musk said.
16:36 CT – Elon also announces the end of the Model S and Model X programs “with an honorable discharge.” If you’re interested in buying a Model S or X, it’s best to do it now, Musk said. The Model S and Model X factory in Fremont will be replaced by an Optimus line. “It’s slightly sad, but it is time to bring the S and X program to an end. It’s part of our overall shift to an autonomous future,” Musk said.
16:38 CT – Elon discusses how Unsupervised FSD is now starting for the Robotaxi service. He noted that these Unsupervised Robotaxis don’t have any chase cars as of yesterday. He reiterated Tesla’s plans for owners to be able to add their own vehicles to the Robotaxi fleet. Autonomy target for the end of the year is about a quarter or half of the United States, Musk said.
16:41 CT – Elon noted that the Tesla Energy team is absolutely killing it. He also stated that Tesla expects its Energy business to continue growing, and that the “solar opportunity is underrated.”
16:43 CT –Elon also added that Tesla Optimus 3 will be unveiled in about three months, probably. The Model S and Model X line in Fremont will be a million-unit Optimus production line. Looks like Optimus is really coming out of the gate with large, meaningful volumes. “The normal S curve for manufacturing ramps is longer for Optimus,” Musk stated. “Long term, I think Optimus will have a significant impact on the US GDP.”
16:44 CT – Elon closes his opening statements with a sincere thanks to the Tesla team. He also noted that he feels fortunate to be able to work alongside such a talented workforce.
Elon ends his opening remarks with an optimistic prediction about the future.“The future is more exciting than you can imagine,” he concluded.
16:47 CT – Tesla CFO Vaibhav Taneja makes his opening remarks. He discusses several aspects of Tesla’s Q4 milestones. He noted that Tesla Energy achieved yet another gross profit record during the fourth quarter. There’s insane demand for the Megapack and Powerwall. Backlogs for these products are healthy this 2026. He also noted that Tesla ended 2025 with a bigger vehicle order backlog compared to recent years.
16:53 CT – Investor questions from Say begin. The first question is about Tesla’s expectations for the Robotaxi Network. Lars Moravy noted that it has the advantage of manufacturing and scale, and Tesla believes that the Robotaxi Network will significantly grow year over year. Elon highlighted that the Cybercab will be produced with no steering wheel or pedals. No fallback. Elon also noted that Tesla expects to produce more Cybercabs than all its other vehicles combined in the future.
16:51 CT – The next question is if Tesla still expects to launch new models, such as affordable cars. Lars Moravy noted that Tesla did release affordable variants last year, and Tesla is still pushing hard to lower its costs. That being said, Tesla is really pushing the Cybercab as its total addressable market is larger than consumer-owned cars. Lars also mentioned that Tesla will produce different vehicles for its Robotaxi services.
16:56 CT – Elon noted that eventually, Tesla will produce mostly autonomous cars. The exception would be the next-generation Roadster, which will be a true driver’s car.
17:03 CT – A question about Elon’s past comments about a potential next pickup truck was asked. Lars noted that the Cybertruck is still performing well in the electric pickup truck segment, though Tesla is known for flexibility. Elon added that Tesla will be transitioning the Cybertruck line to a fully autonomous vehicle line. He also stated that the Cybertruck is a useful vehicle. “An autonomous Cybertruck will be useful for that.”
17:10 CT – A question was asked about when FSD will be 100% Unsupervised. Elon noted that 100% Unsupervised FSD is already being used today, though only in the Austin Robotaxi program. Tesla is still being extremely careful with its rollout.
When asked about Tesla’s chip program, Elon noted that he feels pretty good about Tesla’s chip strategy. But in terms of selling Tesla’s chips outside Tesla, the company has to make sure it has enough chips for Optimus robots, data centers, and other programs first.
17:18 CT – Analyst questions begin. First up is Wolf Research. He asks about Tesla’s increasing Capex, specifically where the majority of it is going. The Tesla CFO noted that programs in six factories are going live this year, so that consumes Capex. The Optimus program also consumes a lot of resources. The growth of Tesla’s current capacity is also consuming a lot of resources. As for how these programs will be funded, the CFO pointed to Tesla’s massive war chest, as well as initiatives such as the Robotaxi Network.
17:21 CT – Morgan Stanley asks about Tesla’s xAI investment. The analyst asked about more information about how Tesla and xAI will work together. The CFO noted that this investment is part of Master Plan Part IV. Elon also mentioned some advantages for xAI’s technology for Tesla’s products, like Grok being used to manage a Robotaxi fleet or a group of Optimus robots.
17:24 CT – Barclays asks Elon about the constraints on memory. Does Tesla have any near term constraints for Tesla vehicles’ memory? Elon responded that the Tesla AI computer is already very compute and memory-efficient. The intelligence per gigabyte is important. Musk noted that Tesla is ahead of the industry by an order of magnitude or more.
17:29 CT – Cannacord asks about startups from China entering the humanoid market. What competitive advantage does Optimus have compared to these rivals? Elon stated that he believes China will be a key competitor in the humanoid robot market. China will be the toughest competitor for Tesla. That being said, Elon noted that Tesla believes Optimus will be ahead in real-world intelligence, electromechanical dexterity, and hand design.
Tesla (TSLA) Q4 and FY 2025 earnings call: The most important points
Tesla brings closure to flagship ‘sentimental’ models, Musk confirms
