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Highlights from Tesla’s Gigafactory Media Event

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Tesla kicked off its Gigafactory Tour on Tuesday, July 26 with a media event. We’re providing the best curated Tweets from today’s event followed by a live Tweet from the official Gigafactory Grand Opening party scheduled for this Fiday, July 29.

Follow us on Twitter and join us Live from the Tesla Gigafactory!

July 25: Tesla Gigafactory Media Event (Pacific Time):

  • 12:00-12:30 PM: Arrival at the Gigafactory and intro
  • 12:30- 2:30 PM: Exterior and Interior tours
  • 3:00-4:00 PM: Remarks and Q&A with Elon Musk and JB Straubel
  • 4:15/30 PM: Shuttle departs Gigafactory

 

We’ll provide an update in a follow up post with results from the Q&A

Elon Musk and JB Straubel take the stage for Q&A

Alongside Elon and JB is an executive from Panasonic.

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Q&A with Elon Musk & JB Straubel coming up

Tesla Gigafactory robots in action

https://twitter.com/danielsparks/status/758058708895092736

https://twitter.com/danielsparks/status/758058583426682880

Top 6 tidbits about Tesla’s Gigafactory revealed through building permits

Tesla continues its expansion on the Gigafactory as seen at outer areas of the main plant where steel construction beams are being put into place.

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Tesla describes their relationship with Panasonic

Media was chaperoned to a no-photography-allowed section within the plant that housed proprietary equipment from Panasonic.

https://twitter.com/ByBenSpillman/status/758048060077289472

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Tesla is already assembling Powerwall units

Area within the Gigafactory where battery cells will be produced

https://twitter.com/danielsparks/status/758044716273315841

Water treatment facility located on the east side behind the main entrance to the Gigafactory

https://twitter.com/ByBenSpillman/status/758038584393732096

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The Gigafactory looks small by comparison to its expansive surroundings

https://twitter.com/danielsparks/status/758036769904263168

Tesla’s Gigafactory occupies a relatively small footprint within the overall 3200 acres of land purchased

 

Miniature models of the Gigafactory office space and production floor

https://twitter.com/danielsparks/status/758039972121186304

A model of the Gigafactory is seen in the lobby showing robots in action on the production floor.

A “you are here” label reveals that the current size of the Gigafactory is only 14% of what it will ultimately be.

https://twitter.com/ByBenSpillman/status/758021392272986112

Entrance to the Gigafactory

 

Tesla giving test drives in a Model S P90D before taking groups to tour the interior of the Gigafactory

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Greeted by a beautiful Tesla Model 3 at the entrance of the Gigafactory

https://twitter.com/danielsparks/status/758020744747941888

Media making a pitstop at the security gate on Electric Avenue before heading into the Gigafactory

https://twitter.com/danielsparks/status/758015650560249856

New aerial photos of the Gigafactory taken on Sunday, July 24 shows a security guard shack located on the main road leading into the property.

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Elon Musk

Elon Musk sheds two new bits of detail on Starship after 13th test launch

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Credit: SpaceX

Elon Musk shed two new bits of detail on Starship following its 13th test launch, which was an overwhelming success.

SpaceX launched Starship for the 13th time last Friday after two delays: one on Monday when several Raptor engines did not ignite, and another on Thursday due to unfavorable weather conditions in Starbase, Texas.

The launch was overwhelmingly successful. SpaceX was able to complete a necessary test of the heat shield tiles by increasing the acceleration of Starship from launch throughout the flight; 20 Starlink v3 satellites were released with no issue; the Super Heavy Booster landed safely in the Gulf of America, Ship successfully reignited engines while in space; and it also splashed down without incident in the Indian Ocean.

SpaceX Starship just nailed something it’s never done before

Nevertheless, more details are coming out about Starship, and Musk is doing the talking.

Starship Will Be Retrieved in the Ocean

Musk revealed on Tuesday night that Starship would be recovered by a ship in the Indian Ocean. SpaceX routinely tries to recover Starship after splashdown in an effort to find out more about the flight by examining the spacecraft afterward.

This helps engineers find out more about why things might have happened, allows them to examine any potential damage or anomalies that might have occurred, and increases the chances of an even more successful flight next time thanks to the additional information recovered.

Ship Could Have Been Caught by Tower Arms, Musk claims

Musk has already indicated that SpaceX will plan to attempt a catch of Starship with the 14th test flight. While this would be a major accomplishment, it would be an expected next step, considering the fact that the Super Heavy Booster has already been caught by the chopsticks on numerous occasions.

A ship catch would be a great indication of where SpaceX stands in terms of reusability and launch cadence. A successful catch with relatively no incidents would be a good sign that SpaceX is nearing a more frequent launch of Starship, but also that the reusability of the massive rocket would be something many would expect in the near future.

It is a necessity to make life multiplanetary.

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Elon Musk

Elon Musk updates the SpaceX timeline for Mars

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Rendering of a colonized Mars by way of SpaceX
Rendering of a colonized Mars by way of SpaceX

Elon Musk has updated his timeline for when humans will walk on Mars and for when ships will simply get there.

The objective of getting to Mars has been one of Musk’s biggest goals since becoming a serial entrepreneur and realizing that time on Earth is limited. Musk has said several times he hopes to die on Mars, and not by impact.

Musk now believes that people will be on Mars in “roughly 5 to 7 years.” He said that a Mars lander will get there “a few years sooner.”

The response from Musk comes after NASA Administrator Jared Isaacman said that SpaceX’s biggest priority is the Moon and not Mars. Because of this, Isaacman conceded that he believes nuclear power and propulsion investments will provide “potentially the pathway with the fewest miracles required to put four people on Mars in the next 10 to 15 years.”

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Of course, this is what NASA can do through taxpayer funding and nuclear investments, he added.

Musk’s grand ambitions are much more optimistic than most, and it is certainly a double-edged sword. This is not the first time timelines for Mars have been somewhat lofty, especially to those normal thinkers like you and me, not super geniuses like Musk.

SpaceX Board has set a Mars bonus for Elon Musk

In fact, the SpaceX and Tesla frontman has said on at least a dozen occasions that we could be on Mars in the coming years. Musk said 2020 would be the big year as early as 2009. In 2020, he was “highly confident” of a landing in 2026, and had even said 2024 in a best-case scenario.

The point is, the range has varied, and it’s anyone’s guess when we’ll get there. This latest adjustment to the timeline is typical of Musk, and while the Moon has seemingly taken priority over Mars, it is still worth mentioning that the ultimate goal is to make life multiplanetary, and it starts potentially with the Red Planet.

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Investor's Corner

SpaceX gets an absolutely crazy price target after rough IPO

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Credit: SpaceX

SpaceX (NASDAQ: SPCX) got an absolutely crazy price target rating from Raymond James after the company experienced a tough first few weeks following its Initial Public Offering (IPO).

Despite the tumultuous start, SpaceX has plenty of believers, and the company’s massively successful Starship launch last Friday, its 13th test flight of the massive rocket, went so smoothly that Raymond James analysts pushed its price target on the company to roughly 7 times its current trading level.

SpaceX Starship just nailed something it’s never done before

The firm officially put a “Strong Buy” rating and an $800 price target on the stock. It currently trades at around $113. Its all-time high is $225.64, reaching this trading level shortly after shares first went public.

Raymond James’ price target is tied to the firm’s confidence after Starship’s 13th test flight. Analysts at the firm said it was an incremental step that reduces engineering risks, citing the widely successful heat shield test that CEO Elon Musk recently detailed, the smooth deployment of Starlink V3 satellites, and a successful in-space engine relight.

SpaceX also managed to see Starship splash down safely in the Indian Ocean, while the Super Heavy Booster fell down to the Gulf of America with no incidents.

It is interesting to see these launches have such a tremendous impact on the stock and what investors think of it. After SpaceX initially delayed the Starship launch last week, shares fell tremendously. Most probably did not realize that the stand-down is a standard practice, especially if everything is not perfect.

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The mission was initially aborted due to an issue with Raptor engines. This was resolved, and Starship launched last Friday after another delay on Thursday, which was caused by weather.

Now that analysts have seen what SpaceX launches are capable of and how impressive the feat is, firms are adjusting their price targets accordingly, making it known that they have high expectations for the space exploration company.

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