News
Elon Musk is trying to help solve the Flint Water Crisis
After building a mini-submarine to aid in the rescue attempt of the members of the Wild Boar soccer team in Thailand, Elon Musk is now flexing his philanthropic muscles towards a long-standing issue in the United States — the Flint Water Crisis.
Musk previously noted on Twitter that he has already been helping out the citizens of Flint. Spurred on by some Flint residents and activists for the city, however, Musk opted to take a more hands-on approach. The Tesla and SpaceX CEO promptly coordinated with individuals testing the contamination levels of the city’s water system, and by Wednesday, Musk has provided an email address, flint@x.com, where residents can send the results of their water’s ppm (parts per million) and ppb (parts per billion) levels.
Musk’s pledge to help the people of Flint has mostly been met positively by the online community, with several of his followers even offering to lend a hand to a “barnstorming weekend” aimed at installing water filters in the homes of the city’s residents. Musk also reacted favorably to the idea of utilizing Flint’s local plumbers to help in the initiative. Despite being in China to discuss Tesla’s plans of building Gigafactory 3 in Shanghai, Musk further stated that he would call Flint Mayor Karen Weaver about plans to address the city’s water problems.
Gathering input this week, will begin taking action next week and let people know how they can help
— Elon Musk (@elonmusk) July 12, 2018
Just like his efforts to help in the Thailand cave rescue operations, Musk’s pledge to help the city of Flint became a target for his staunch critics online. Key Flint activist Mari Copeny, better known as Little Miss Flint due to her letter to then-president Barack Obama about the ongoing water crisis, clarified Musk’s involvement, however, stating that the city is appreciative of the serial tech entrepreneur’s efforts to help.
Hey world. Let’s set the record straight. My team has been working with @elonmusk and his team for over a week to figure out the best solution to help #Flint with the #FlintwaterCrisis
Extremely grateful for him and all he has done so far.— Mari Copeny (@LittleMissFlint) July 12, 2018
The Flint Water Crisis started in April 2014, after the city’s drinking water source was changed from Lake Huron and the Detroit River to the much cheaper Flint River. Insufficient water treatment caused lead to be leached from lead water pipes into the residents’ drinking water. Lead pipes are viable pipes for water systems, provided that corrosion inhibitors are used to prevent lead from contaminating the water. A common corrosion inhibitor is orthophosphate, which forms low-solubility complexes with the lead in the pipes. Orthophosphates were used in Flint’s systems when the drinking water was coming from Detroit, but when the shift to the Flint River was conducted, no orthophosphate or any other anti-corrosion inhibitors were used. The absence of these inhibitors is behind the harrowing images of rust-colored water coming from Flint’s water supply.
The lead-contaminated water caused several grave problems for Flint’s residents. Between 6,000 to 12,000 children from Flint have been exposed to drinking water with high levels of lead, which could result to serious health problems. The percentage of Flint children with elevated blood-lead levels is estimated to have risen from about 2.5% in 2013 to as much as 5% in 2015 as well. An outbreak of Legionnaires’ Disease, a form of atypical pneumonia with no known vaccine, also resulted in 10 fatalities. The Legionnaires’ outbreak is linked to Flint’s contaminated water supply.

A comparison between Flint’s water coming from the Flint River and the Detroit River. [Credit: Occupy]
The Flint Water Crisis has resulted in several lawsuits being filed against government officials, many of which were accused of mismanaging the situation. Since the water crisis’ peak, however, the Michigan Department of Environmental Quality (MDEQ) has stated that the lead content of Flint’s water has fallen below the federal limit. As of April 2018, the MDEQ issued a statement assuring Flint’s residents that the city’s water quality “has been restored.” Regardless of this, however, many Flint residents remain skeptical that their water is now safe, especially considering that the replacement of the contaminated lead pipes is still ongoing. In this sense, Musk noted on Twitter that the planned “barnstorming” weekend in Flint would not only aim to give residents water filters for their homes; it would also attempt to fix residents’ perception of the city’s water supply.
You’re right on both counts. Most houses in Flint have safe water, but they’ve lost faith in govt test results. Some houses are still outliers. Will organize a weekend in Flint to add filters to those houses with issues & hopefully fix perception of those that are actually good.
— Elon Musk (@elonmusk) July 11, 2018
While Elon Musk’s recent philanthropic ventures are attracting more attention than usual, the SpaceX and Tesla CEO’s humanitarian efforts have actually been going on for some time. It should be noted that Tesla’s big battery in South Australia was started after Musk became aware of the power crisis in the region. After Hurricane Maria ravaged Puerto Rico, Musk also promptly sent a team to help the island nation get back on its feet. As of Musk’s latest update, he noted that there are currently 11,000 projects underway in Puerto Rico.
Investor's Corner
SpaceX reports beat in first earnings while minimizing losses
SpaceX (NASDAQ: SPCX) reported a beat in revenues and EBITDA in its first earnings call report while also minimizing losses as its business continues to gain momentum.
After its IPO in July, SpaceX saw some tough losses on Wall Street due to a major selloff after a delay in its 13th Starship test flight. The ship launched later that week and completed what was arguably the most successful IFT operation in the Starship program’s history.
Nevertheless, the company is continuing on and reported some encouraging financials while also promoting what appears to be a robust outlook moving forward in its Space, AI, and Connectivity divisions.
SpaceX to report first-ever earnings today: here’s what to expect
Earnings Results
- Revenues: $7.8 billion reported vs. $6.7 billion expected
- Adjusted EBITDA: $3.5 billion vs. $2 billion expected
- Net loss of $541 million, an improvement of $467 million from net loss of $1.0 billion
Additionally, CFO Bret Johnsen had these comments:
“2026 has been a momentous year so far, and the second quarter demonstrated the true power of SpaceX. Revenue growth accelerated across all our business segments and we delivered strong operating leverage, with significant margin expansion led by our new AI compute agreements. Our unparalleled leadership in launch, Starlink subscriber growth, new enterprise and government partnerships, and best-in-class AI infrastructure underscore our ability to drive meaningful scale and deliver attractive returns. As a newly public company, we are delighted to welcome our broad base of shareholders and bondholders. We ended the second quarter with $100 billion of cash, cash equivalents, and marketable securities, and $47.5 billion in backlog. This financial strength gives us substantial capacity to invest in Starship, Starlink Broadband and Mobile satellites, and our AI platform, while maintaining a disciplined long-term capital allocation framework.”
Space Business Highlights
SpaceX shared some of its biggest Space Business Highlights for Q2:
- Space revenues grew 55% sequentially and 29% year-over-year to $962 million, driven by a higher number of large customer launches and a favorable customer shift compared to the prior year
- Total costs and expenses for the Space segment were up by $389 million year-over-year, as we continued to accelerate R&D investments in our Starship program, which we believe will reduce the cost to orbit by 99% or more relative to the historical average, and unlock significant revenue potential across all business segments
- Leading launch provider for the world with 78 launches and 1,041 metric tons of mass to orbit deployed over the six months ended June 30, 2026, primarily allocated to Connectivity for the deployment of our Starlink constellation
- Starship V3 development continued to advance towards full and rapid reusability:
- Completed Starship V3’s first suborbital mission in May, Flight 12, which achieved a successful lift off from our new Starbase pad, a precision landing of Starship’s upper stage, and deployment of modified V2 Starlink satellites
- Subsequent to the second quarter, completed Starship Flight 13 in July, which achieved all flight objectives including deploying 20 production V3 satellites, demonstrating in-space relight of a Raptor engine, and executing the softest ever splashdown of Starship, providing critical views of an intact heatshield
SpaceX will report its earnings today at 4:30 P.M. EDT.
Elon Musk
Elon Musk sends second warning to SpaceX shorts ahead of first earnings
Elon Musk issued a second pointed warning to SpaceX short sellers on Tuesday, just hours before the company was set to release its first quarterly earnings as a publicly traded firm. Responding to a report highlighting elevated short interest, Musk wrote on X: “I try to warn them, but they just double down …”
The comment came as data from S3 Partners showed roughly 95 percent of available SPCX shares to borrow were on loan, translating to about 34 percent short interest as a percentage of the float. The stock has traded under pressure since its record-breaking IPO in June 2026, declining significantly from early peaks.
I try to warn them, but they just double down … 🤷♂️
— Elon Musk (@elonmusk) August 4, 2026
This marks the second such message from Musk in under three weeks.
On July 17, amid post-IPO volatility, he stated: “The survival probability of firms who maintain a significant short position in SpaceX over time is very low.” At that time, SPCX had fallen roughly 30 percent from its peak above a $2.6 trillion valuation, with short sellers reportedly realizing gains of about $8.7 billion.
Musk’s warning aligned with optimistic analyses projecting that Starship-driven cost reductions could enable a multi-trillion-dollar space economy through applications such as orbital solar power, asteroid mining, data centers, and Mars-related projects, positioning SpaceX as critical infrastructure.
SpaceX is scheduled to report second-quarter results after the market close later today, followed by a webcast. Analysts anticipate revenue near $6.9 billion, reflecting growth in Starlink, launch services, and AI-related segments. The earnings release precedes a major lockup expiration on August 6 that could free hundreds of millions of insider shares.
Musk has a long track record of confronting short sellers, particularly regarding Tesla, where he has argued that persistent bearish positions underestimate transformative technologies. Critics view his optimism as overly ambitious given near-term stock fluctuations, while supporters see temporary dips as opportunities in a longer-term expansion of the space economy.
As SpaceX opens its books to public scrutiny for the first time, the high short interest and Musk’s repeated cautions set the stage for heightened market attention on the results and management’s commentary.
News
Tesla’s AI lead doubles down on FSD’s speed strategy, and owners are confused
Tesla’s AI lead Ashok Elluswamy doubled down on the company’s strategy regarding Full Self-Driving’s speed settings, and owners are definitely confused.
Earlier versions of Full Self-Driving allowed owners to set a max speed that the vehicle could travel while operating under the semi-autonomous driver assistance platform. This allowed more customization for the driver, giving them the ability to experience FSD’s robust performance with their own personal preferences.
Speed is massively important for obvious reasons — it’s not only a question of keeping the vehicle occupants comfortable by traveling at a safe speed, but it’s also something that could contribute to a ticket or infraction from law enforcement.
With the release of FSD v14 last year, Tesla removed the ability to set a max speed and instead opted for five Speed Profiles, ranging from “Sloth,” the most conservative, to “Mad Max,” the most aggressive and spirited. These profiles not only control speed, but also how frequently the vehicle will execute passes, perform lane changes, and other contributing factors.
The removal of the Max Speed setting was a major complaint amongst the Tesla community because it left owners scrambling for a way to experience suitable behaviors while traveling at an appropriate speed. Most felt the driving profiles would be a good indicator of the behaviors, while speed would still be left up to the discretion of the driver.
Instead, Tesla’s Speed Profiles determine both, and the constant tinkering of how they behave has been a major bottleneck and point of confusion for both owners and the company. From update to update, the Speed Profiles will change, sometimes more drastically than others. Some owners have complained that the “Standard” profile is too fast, while others have experienced “Mad Max” traveling below the speed limit:
What has happened to Mad Max?
At one point it was going 32 in a 35. Traffic ahead had pulled away considerably https://t.co/bjKvaMVTNX pic.twitter.com/aaZSWmLu5v
— TESLARATI (@Teslarati) January 24, 2026
These things change with each update, but the big complaint is that owners are on the hook for any tickets that come from FSD’s infractions; that’s the caveat of the suite being named FSD (Supervised). It ultimately means the driver is responsible, and the automaker has no liability when it comes to speeding tickets or general traffic infractions.
It is the driver’s responsibility to take over or adjust based on this.
Elluswamy essentially confirmed that there are no plans to bring back Max Speed control, because it is what he referred to as “an anti pattern.” He then echoed something that CEO Elon Musk has started to really push with FSD, and that’s the idea that Tesla is really honing in on the preferences of the driver.
Max speed control is an anti pattern.
We are working on better learning of user’s implied preferences.
— Ashok Elluswamy (@aelluswamy) August 3, 2026
Owners were confused by Tesla’s decision, stating that there must be a better way, especially considering disengagements for incorrect speeds are common:
This…. is not the way
— Kyle Conner (@itskyleconner) August 4, 2026
😭 I appreciate this mentality ! But currently the no.1 reason I disengage in Australia is incorrect speed zones.
— Ryan’s Model Y (@ryanjaycowan) August 3, 2026
This is fine but you need to start accepting liability for speeding tickets then. https://t.co/lyCgdA83gQ
— Jeremy Judkins (@jeremyjudkins_) August 4, 2026
Okay https://t.co/nOvoXQkNg1 pic.twitter.com/jGRtF2xtox
— Chad Moran (@ChadMoran) August 3, 2026
From personal experience and using FSD for over 72 percent of my driving miles since v14 was released late last year, I make Speed Profile adjustments constantly. If FSD is traveling a tad too quickly, I will scale it back, and if it’s too conservative, I’ll make it more aggressive.
I don’t complain about making the Speed Profile changes too frequently, but it would certainly be nice to have it happen less frequently. There are far too many times I am concerned about getting a ticket, even in Standard mode.
The biggest issue for me, personally, which seems to be echoed throughout the community, is the fact that Tesla’s goal is to minimize disengagements. Many drivers are stating that speed is a major reason for disengagements.
However, Tesla is not willing to bring back this one level of input because it would technically be a regression.
Whether it’s right or wrong in your opinion, it is what Tesla is going with, and it seems like it has pivoted quite a bit from its other strategies for minimizing interventions by pushing its AI to behave in a way that would fit the occupant’s personal preferences.

