News
Elon Musk sets the record straight over allegations that Tesla donated no ventilators to CA hospitals
Tesla CEO Elon Musk has set the record straight about his companies’ ventilator donations to hospitals in CA. Musk’s clarification comes on the heels of reports alleging that no hospitals in California have actually received any ventilators from the CEO or any of his companies.
On April 14, the Sacramento Bee published an editorial about Elon Musk’s initiative to donate ventilators to California hospitals. The editorial criticized Musk’s decision to supply non-invasive ventilators to hospitals, which were allegedly dangerous to use for COVID-19 patients. The piece’s author, whose name was not listed by the Bee, called the initiative a “fiasco” and alleged that “not one unit has been delivered – and Musk likely never had the real ventilators our hospitals need.”
The editorial appears to have spawned similar articles alleging the same point: that despite Musk’s commitment to donate ventilators, not one has reached a California hospital. On Thursday, a CNN report was published, citing a quote from a spokesperson of the California governor’s Office of Emergency Services. The allegations were similar to those in the Sacramento Bee’s editorial.
“Elon Musk and his team told the state that he had procured ventilators and wanted to distribute them directly to hospitals with shortages. The Administration is communicating every day with hospitals across the state about their ventilator supply and to date we have not heard of any hospital system that has received a ventilator directly from Tesla or Musk,” the spokesperson noted.
.@GavinNewsom please fix this misunderstanding— Elon Musk (@elonmusk) April 16, 2020
In response to CNN‘s recent report, Elon Musk provided screenshots of Tesla’s communication with hospitals in California, clearly indicating that ventilator donations had been made. Musk also urged CA Governor Gavin Newsom to address the misunderstanding.
In one of Musk’s shared emails, Tesla asked Phillip Franks of the Los Angeles County Department of Health Services if any donated ventilators went into use. Franks noted in a reply on March 27 that the donated units performed well during testing, and that the machines will be put into use the next day.
- (Credit: Elon Musk/Twitter)
- (Credit: Elon Musk/Twitter)
Musk also shared a message from Tom Parker, the CEO of Mammoth Hospital in CA. Parker thanked Musk and Tesla for ventilators that were donated to the hospital, stating that the units will be invaluable as COVID-19 cases in the state increased. “These ventilators will be quickly deployed in our hospital in anticipation of the coming wave of patients who will be suffering from the most severe effects of COVID-19,” Parker wrote.
At the core of the criticism against Elon Musk and Tesla’s donations is argument that most of the units donated thus far are non-invasive ventilators. While these units cannot perform as well as the $35,000 invasive ventilators used for critically-ill patients, the non-invasive units can still be used as backup ventilators for those that are not severely ill from the coronavirus. And during a global pandemic, where cases are rising rapidly, every ventilator counts.
A team of our specialists and medical students are reconfiguring hundreds of donated machines that are typically used at home for #SleepApnea and deploying them as ventilators to be used for severely ill patients who are hospitalized with #COVID19: https://t.co/qd9VKBk9jT pic.twitter.com/KXrh9h8gJP— Mount Sinai Health System (@MountSinaiNYC) April 3, 2020
Also neglected by the Sacramento Bee‘s editorial and CNN‘s report is the fact that the non-invasive ventilators donated by Tesla can actually be reconfigured to work for severely-ill COVID-19 patients. An example of this was done in Mouth Sinai NYC, which also received ventilators from the electric car maker. These efforts from the Mount Sinai team show one thing: the non-invasive ventilators from Tesla are invaluable in the fight against COVID-19, contrary to what poorly-researched critics would allege.
Another special thank you goes out to @Tesla for a donation of Medtronic invasive ventilators to NYC Health + Hospitals/Lincoln #inTheBronx. pic.twitter.com/BH9SSj4Bbw— NYC Health + Hospitals (@NYCHealthSystem) April 4, 2020
Elon Musk
SpaceX (SPCX) IPO is live today at $135: Here’s exactly what you need to know
SpaceX priced its historic IPO at $135 per share today, raising a record $75 billion.
SpaceX officially priced its initial public offering at $135 per share, offering 555,555,555 shares of Class A common stock and raising $75 billion in what is the largest IPO in stock market history. Shares are set to begin trading on the Nasdaq Global Select Market on Friday, June 12, under the ticker symbol SPCX. The previous record holder was Saudi Aramco’s 2019 offering at $29 billion, followed by Alibaba’s $22 billion offering in 2014.
At $135 per share and roughly 555.6 million shares, the implied valuation sits near $1.75 trillion, which would make SpaceX roughly the seventh largest company in the United States, just above Tesla’s current market cap. Regular investors can request shares at the IPO price through Robinhood, Fidelity, Charles Schwab, SoFi, and E*TRADE, though the deal is heavily oversubscribed and most retail allocations will be partial or unfilled. Once trading opens June 12, anyone with a brokerage account can buy SPCX on the open market.
SpaceX’s amended S-1 is sparking a major Tesla merger conversation
The valuation is anchored primarily by Starlink. Starlink crossed 10 million subscribers as of February 2026 and is adding 750,000 to 1.5 million new users per month, with the connectivity segment already posting a $1.19 billion profit last quarter. The offering also bundles in xAI following SpaceX’s all-stock merger earlier this year, adding Grok and the Colossus supercomputer to the investment thesis. As Teslarati reported, Starlink ended 2025 with $10 billion in revenue, a figure analysts project could reach $24 billion by end of 2026.
Wedbush analyst Dan Ives has been vocal in his support. “I think the time is right,” Ives said, adding that the offering expands the Elon Musk ecosystem rather than competing with Tesla. An average 12-month price target of $165 per share represents roughly 22% upside from the IPO price. Not everyone agrees – Motley Fool noted xAI is spending $1 billion per month playing catch-up to OpenAI and Anthropic.
Musk founded SpaceX in 2002 with a single stated purpose. “Elon founded SpaceX with a goal to change humanity, to make us a multi-planet species,” CFO Bret Johnsen said in the company’s retail roadshow video this week. Musk himself has been more direct: “We are building the systems and technologies necessary to provide global connectivity on Earth and beyond, to understand the true nature of the universe, and to extend the light of consciousness to the stars.”
Investor's Corner
Tesla unfolded its first European “folding Supercharger”
Tesla’s folding Supercharger just arrived in Europe and it changes how fast charging expands.
Tesla’s Folding Unit Supercharger has officially landed in Europe, with the company teasing a new installation in its effort for a broader rollout targeting major motorway rest stops across the European continent in Q3 2026. The arrival marks a notable shift in how Tesla is thinking about network expansion, moving from hardware performance alone to engineering the logistics chain itself.
While Tesla did not reveal the exact location for the new folding Supercharger in Europe, the photo shared on X heavily suggests that this maybe somewhere in Norway. Historically, whenever Tesla rolls out an entirely new infrastructure architecture in Europe, whether it was the original Supercharger stalls years ago or these brand-new modular V4 “Folding Units”, Norway is almost always the designated launch pad because of its unmatched EV adoption rate and supportive infrastructure
The Folding Unit, introduced in March 2026, is a factory pre-assembled V4 charging station built on an industrial hinge system mounted to a heavy-duty concrete base. The entire assembly arrives on site ready to unfold and connect. Tesla confirmed the units feature telescopic light poles specifically designed for easy transportation and fast on-site deployment, a detail that signals how carefully the logistics chain has been engineered alongside the hardware itself. The design allows 33% more stalls per delivery truck, cuts installation time roughly in half, and reduces overall deployment costs by more than 20% compared to traditional installations.
Tesla’s newest “Folding V4 Superchargers” are key to its most aggressive expansion yet
Tesla also noted telescopic light poles which provide benefits over traditional Supercharger installations that require fixed-height poles that are awkward to ship, slow to position on site, and often require separate crews and equipment to erect before charging hardware can even be staged. By engineering poles that compress for transit and extend on arrival, Tesla has removed one of the quieter bottlenecks in the physical deployment process. Every hour saved on a light pole installation is an hour redirected toward getting stalls energized. At scale, across dozens of new sites per quarter, those hours add up to a meaningful acceleration in how quickly a location goes from approved permit to serving its first customer.
Each Folding Unit pairs a single V4 power cabinet with eight charging posts. The V4 cabinet delivers up to 500 kW per stall for passenger vehicles and up to 1.2 MW for the Tesla Semi, supporting twice the stalls per cabinet at three times the power density of its predecessor. Longer cables make every new station immediately usable by non-Tesla vehicles, a priority as Tesla continues opening its network to Ford, GM, Rivian, Hyundai, Stellantis, and others.
As Teslarati reported when the Folding Unit was first unveiled, Tesla’s Gigafactory New York produced its final V3 Supercharger cabinet in March 2026 after more than seven years and 15,000 units, completing a full pivot to V4 production. The European arrival of the folding design is the next chapter in that transition.
Faster and cheaper deployment means Tesla can justify building in markets and corridors that were previously too expensive to serve, filling the coverage gaps that have slowed EV adoption outside major urban centers.
First Folding Unit Superchargers in Europe 🇪🇺 https://t.co/KNfYWJukkL pic.twitter.com/YR1udIpH1i
— Tesla Charging (@TeslaCharging) June 10, 2026
News
Tesla stuns with another FSD approval in Europe, its second in two days
Tesla has stunned by gaining yet another approval for its Full Self-Driving suite in Europe, its second in two days and its fifth overall.
Belgium will be the latest country to allow Tesla owners to utilize FSD on public roads in Europe, joining a quickly growing list that started with the Netherlands, Lithuania, and Estonia.
On Tuesday, Denmark announced its approval of the FSD suite, which has now been followed by Belgium just one day later.
The country’s Minister of Mobility, Annick De Ridder, announced the approval on her X account, stating that she had just signed the approval of Tesla FSD. It now goes to the country’s homologation department for the last step of the approval process.
De @Tesla community houdt hier al geruime tijd de vinger aan de pols over de toelating voor de FSD-technologie op onze Vlaamse en Belgische wegen.
Uit waardering voor jullie niet-aflatende interesse (en aanmoediging 😉), krijgen jullie hierbij de primeur: ik heb net de toelating… pic.twitter.com/Yrps4OHTj8— Annick De Ridder (@AnnickDeRidder) June 10, 2026
The Belgian approval is one of mighty importance because it truly shows how quickly countries in Europe could greenlight the FSD suite consecutively. Approvals are already coming in relatively quickly, which is a great sign.
Perhaps the next big development that could come from FSD approvals in Europe is an approval from a country like England, Italy, France, Spain, or Germany. It would be something to see how FSD would perform in a major European metro, such as London, Barcelona, Madrid, Paris, Rome, or Berlin.
Getting Full Self-Driving in Spain and England will be such huge milestones for Tesla. I am so excited to see how FSD performs in Madrid, Barcelona, and London, specifically.
The ultimate test will always be Mumbai or New Delhi. Excited for India’s eventual approval! https://t.co/paw9Ch1qmL pic.twitter.com/9RdDERVSSJ
— TESLARATI (@Teslarati) June 9, 2026
Full Self-Driving does an excellent job of roaming around major U.S. cities like New York and Los Angeles, but other high-profile international cities of significance would truly mark a line in the sand for Tesla, which can simply enable any vehicle in its customer-owned fleet to run FSD with the correct approvals.

