News
Elon Musk accused of astroturfing after SpaceX employees expressed support for Boring Co. project
In a rather bizarre turn of events, Elon Musk is now being accused of astroturfing after three SpaceX employees spoke in favor of The Boring Company’s proposed Dugout Loop project for Los Angeles. The Boring Company held its public review at the Dodgers Stadium yesterday, where it presented the concept of its high-speed tunnel system to residents in the area. Only around 50 people attended the event, and a handful opted to express their support for the project.
Independent filmmaker Erin Faulk, who goes by the @erinscafe handle on Twitter, attended The Boring Company’s public hearing. In a series of Twitter posts, Faulk pointed out the public hearing’s weak turnout, while also expressing her doubts about the proposed tunnel system. Faulk summarized her thoughts about the project in a statement to CNET.
“I thought it sounded kind of silly before, but now I’m convinced it’s ridiculous. The desperate attempts to show how it’s going to help people in Los Angeles are kind of transparent. It has such a narrow scope and use,” she said.
The independent filmmaker also discovered that several individuals who spoke in favor of the Boring Company’s proposed Dugout Loop were actually employees of SpaceX. Among these were Hailey Cockrum, a Materials Planner, and Chris Charhut, a Process Development Engineer. This connection with Elon Musk instantly incited controversy among members of the Twitterverse, some of whom accused Musk of astroturfing (compensating a group of individuals to give the impression that a project, idea, or person is enjoying widespread support) the public hearing. Being the controversy magnet that Musk’s name has unfortunately become as of late, it is somewhat unsurprising to see accusations of astroturfing being thrown his way.
“As Elon describes, traffic here is soul-crushing.”
There is no way Elon didn’t pay these people wtf is happening. pic.twitter.com/qBB4xJwzCn
— Scafe says wear a gd mask (@erinscafe) August 29, 2018
IS THIS REAL LIFE pic.twitter.com/TC11INnFEO
— Scafe says wear a gd mask (@erinscafe) August 29, 2018
While it is true that SpaceX employees did speak on the Boring Company’s public hearing, there is one little problem with the astroturfing accusation. The SpaceX employees who showed up and spoke at the event were LA residents. Thus, they were at Dodgers Stadium as private citizens and had every right to air their support for the Dugout Loop. The Boring Company provided a statement about the event through its official Twitter account, poking a little fun at the astroturfing accusation.
SpaceX employees spoke – not with our knowledge or at our urging – to offer support as private citizens. We‘d have asked them to identify themselves to avoid confusion if we had known. SpaceX has 5k employees in LA – if the goal was to astroturf, we’d have done a much better job!
— The Boring Company (@boringcompany) August 29, 2018
The Dugout Loop and the Boring company might be getting mocked and bashed on social media after its recent public review, but the proposed project is actually getting some support from LA Mayor Eric Garcetti, who described the project as a “great example of public-private partnership.” Dodgers CFO Tucker Kain also aired his support for the project, stating that the team is entirely behind initiatives that would ultimately make it easier for baseball fans to get to a game.
The proposed Dugout Loop will begin at the Dodger Stadium property and run under Vin Scully Avenue and Sunset Boulevard, with starting points being set up at either Vermont/Sunset, Vermont/Santa Monica or Vermont/Beverly. The Boring Company aims to utilize the Dugout Loop as a support for the city’s Metro Red Line stations.
The tunneling startup would be using its Loop transport concept for the LA tunnel system. The Loop system uses electric pods which are designed to carry up to 16 people at a time. The Boring Company expects to charge $1 per person for every ride in the Loop system. Construction for the Dugout Loop is estimated to take about 14 months to complete. The project is also 100% privately funded, and thus, will be built at no expense to the city’s residents.
The Dugout Loop is, if any, a prototype project that just happens to have public utility as a pleasant side effect. The tunnel, after all, is just one of the Boring Company’s projects across the United States. In Chicago alone, the company is involved in a high-profile project that would see the tunneling startup attempt to develop a high-speed transport system connecting downtown Chicago to O’Hare airport.
The Los Angeles Bureau of Engineering (LABOE) posted a document covering some of the finer details of Boring Company’s proposed Dugout Loop project, which could be accessed here.
Elon Musk
Elon Musk claps back at France’s Tesla Full Self-Driving approval delay
Elon Musk clapped back at France’s decision to withhold the approval for Tesla’s Full Self-Driving (FSD) Supervised system, projecting a clear and blunt message to French Transport Minister Phillippe Tabarot, after he publicly rejected the technology in its current form.
Tabarot outlines several concerns with Tesla Full Self-Driving in a detailed video statement, where he said, “The safety trade-offs are not yet sufficient to authorize it as it currently stands,” he said. He emphasized that FSD is not a true self-driving system and that the driver remains fully responsible.
Key issues Tabarot also brought up included allowing speeding when surrounding traffic exceeds limits and what he believes are insufficient guarantees of driver attention during complex urban maneuvers such as lane changes, intersections, and roundabouts.
Delaying the approval of FSD in France will cost lives
— Elon Musk (@elonmusk) July 22, 2026
While acknowledging technological progress and France’s support for autonomous innovation, Tabarot stressed that deployment must prioritize road safety. He noted ongoing technical discussions with Tesla, the Netherlands, and other European partners, with further ecosystem meetings planned for the fall.
Musk’s rebuke highlights the human cost of regulatory caution. Tesla’s latest safety reports provide compelling data supporting accelerated adoption. In the most recent 12-month period, vehicles using FSD (Supervised) recorded one major collision per approximately 5.1 million miles driven, dramatically better than the U.S. national average of one crash per 698,000 miles.
Even Tesla vehicles driven manually with active safety features outperform the average by a wide margin. These figures come from billions of real-world miles of telemetry, showing FSD vehicles involved in far fewer incidents than both manual Teslas and the broader U.S. fleet.
Critics argue Tesla’s comparisons require careful scrutiny regarding reporting thresholds and fleet demographics, yet the data consistently positions FSD as a potential lifesaver. With road fatalities remaining a leading cause of death worldwide, Musk contends that proven safer technology should not face prolonged bureaucratic hurdles.
France’s measured approach reflects the broader European regulatory caution, which many, especially Musk, have been critical of in the past. However, as autonomous systems from Tesla and competitors like Waymo demonstrate superior safety in independent studies, pressure is mounting for harmonized approvals.
Musk’s warning carries the belief that every month of delay may equate to avoidable tragedies on European roads.
Investor's Corner
Google’s massive stake in SpaceX will shock you
In a striking revelation that underscores the lucrative crossover between Big Tech and space exploration, Alphabet Inc., Google’s parent company, disclosed a massive $94.1 billion equity stake in SpaceX following the rocket company’s blockbuster initial public offering earlier this year.
The disclosure came in Alphabet’s quarterly filing, marking the first time the long-held private investment has been publicly valued at market prices. Google was an early backer, investing alongside Fidelity in 2015 with roughly $500-900 million at a time when SpaceX was valued around $12 billion.
That bet has delivered extraordinary returns, roughly a hundredfold, transforming a strategic play on satellite internet and launch capabilities into one of Alphabet’s largest assets.
Google, $GOOGL, has said they hold $94 billion in SpaceX, $SPCX, shares after IPO.
— unusual_whales (@unusual_whales) July 23, 2026
Of the total holding, approximately $80 billion remains subject to short-term post-IPO lockup restrictions, preventing near-term sales. An additional $14.1 billion faces longer-term restrictions, extending into the third quarter of 2027. This structure limits immediate liquidity but protects against market volatility as SpaceX transitions into public trading.
The SpaceX position contributed significantly to gains in Alphabet’s broader investment portfolio, which also includes a major stake in AI leader Anthropic. Combined, these holdings helped drive nearly $100 billion in investment gains during the second quarter, providing a substantial boost to net income amid ongoing AI spending pressures.
Analysts view the disclosure as validation of Alphabet’s venture strategy beyond its core search and cloud businesses. The investment aligns with deeper ties, including reported multi-billion-dollar deals for AI computing capacity on SpaceX infrastructure. As SpaceX advances Starship flights, Starlink expansion, and ambitious Mars goals under Elon Musk, Google’s stake positions it to benefit from the commercialization of space.
For Alphabet, the windfall highlights how patient, forward-looking bets in transformative sectors can yield outsized rewards. While lockups temper short-term impact, the holding cements SpaceX as a cornerstone of Alphabet’s diversified portfolio in an era where aerospace, AI, and connectivity increasingly intersect. Investors will watch closely as restrictions lift and SpaceX’s public performance unfolds.
News
Tesla’s switch-up on selling Full Self-Driving has paid off big time
In early 2026, Tesla made a bold strategic pivot: it largely eliminated the option to purchase Full Self-Driving (FSD) software outright and shifted to a subscription-only model. The change, effective around mid-February, ended the one-time fee that had previously ranged as high as $15,000 and later dropped to $8,000. Instead, customers would access FSD (Supervised) for $99 per month in the U.S.
At the time, skeptics questioned whether locking customers into recurring payments would hurt adoption or alienate buyers who preferred ownership of the feature. Tesla bet that a lower barrier to entry, seamless integration at purchase, and the ability to cancel at any time would drive higher uptake.
The results from Q2 2026 speak for themselves: the decision has been a resounding success, delivering the largest quarterly growth in FSD subscriptions in the company’s history.
Tesla FSD subscriptions went up 56% in Q2 2026 to 1.48 million, an increase of 200,000 from Q1 2026.
Tesla added more FSD subscribers in Q2 than in any quarter in its history. pic.twitter.com/jTciTD2JqW
— Sawyer Merritt (@SawyerMerritt) July 22, 2026
According to Tesla’s Q2 shareholder update, active FSD subscriptions reached 1.48 million globally by the end of June 2026. That represents a 56 percent increase year-over-year and a 15.6 percent jump from the prior quarter. Tesla added roughly 200,000 new subscriptions in the period alone—the biggest single-quarter gain on record.
North America led the charge, with more than 55 percent of new vehicle deliveries including an FSD subscription at the time of purchase, a record attach rate for the region.
Tesla explicitly noted that “more customers [are] opting for subscription at the time of vehicle purchase,” crediting the model shift and prominent placement of the option in the ordering process. Subscriptions now contribute meaningfully to ancillary revenue, helping offset pressure elsewhere in the business.
The financial upside is substantial: At $99 per month, 1.48 million active subscriptions generate approximately $146.5 million in monthly recurring revenue. Over a full year, that equates to roughly $1.76 billion in annualized recurring revenue (ARR) from FSD subscriptions alone, assuming steady retention and no major pricing changes.
These figures represent pure, high-margin software revenue. Unlike vehicle sales, which carry production costs, warranty obligations, and supply-chain risks, FSD subscriptions flow largely to the bottom line once the software is developed and deployed over-the-air.
Tesla does not break out exact FSD subscription revenue in its filings (it sits within “Services and Other”), but the category grew 50 percent year-over-year in Q2, with executives highlighting subscriptions as a key driver.
The subscription model offers several structural advantages. It lowers the upfront cost of a new Tesla, potentially broadening the buyer pool and supporting vehicle demand, especially important amid fluctuating EV market conditions. It creates a predictable revenue stream that compounds as the fleet grows and more owners try (and stick with) the software.
Legacy one-time purchasers still exist, but new growth is overwhelmingly subscription-based following the February cutoff.
Early data also suggests improving retention and satisfaction, as well. Tesla has rolled out iterative FSD updates, including v14 features, and expanded availability to additional markets. Recent regulatory approvals in parts of Europe have further boosted interest, with owners in newly enabled countries eager to activate the software they had been waiting for.
FSD is still supervised; regulatory hurdles for true unsupervised autonomy persist in many regions, including the United States, and competition in advanced driver-assistance systems is intensifying. Yet the Q2 numbers validate Tesla’s bet: by removing the large upfront commitment and making FSD accessible via subscription, the company has accelerated adoption faster than many anticipated.
What began as a controversial switch-up has become a clear win. With nearly 1.5 million subscribers, record attach rates, and nearly $1.8 billion in potential annual recurring revenue already in view, Tesla’s FSD business is transitioning from a promised future to a tangible, fast-growing profit engine.
If the momentum continues, and especially if unsupervised capabilities unlock robotaxi opportunities, the subscription flywheel could become one of the most valuable assets in Tesla’s portfolio.