News
Musk talks Tesla Model 3 giveaway and Martian food firm on Reddit AMA
In a recently held Reddit AMA session, Kimbal Musk shared a number of details about his fully-loaded Tesla Model 3, revealing some unique aspects of the electric car he is giving away as part of his nonprofit’s latest fundraiser.
According to Elon Musk’s brother, Kimbal, his blue Tesla is quite special in the way that it is quite literally one of the first Model 3s to be made. Being VIN#006, Kimbal stated that his car was manufactured rather differently than most Model 3s on the road today. Musk also expressed his fondness for his vehicle, calling it one of the most beautiful cars in the world.
“The most special thing about my Model 3 that I’m giving away is that it is one of the first ever made. The early models are made a lot by hand, and it is one of the most beautiful cars in the world. It is so special to imagine someone out there having one of the first Model 3s in the world,” Musk said in his AMA.
While most of Kimbal’s Reddit AMA was dedicated to his food and farming programs, he did mention Big Green’s Model 3 raffle again. Responding to a member of the online community who asked if his Model 3 would include any special items, Kimbal candidly stated that there would indeed be other freebies for the lucky winner of his nonprofit’s fundraiser. What’s more, Musk stated that he would be happy to sign the electric car, effectively making his Model 3 even more unique.
“I would be happy to sign the car. Some freebies ideas will be announced soon as well.”
Showing a dash of classic Musk humor, Kimbal quipped that after he gives away his personal Model 3, he is planning to start walking more.
On a rather humorous note, Kimbal revealed that he had an opportunity to send a special package with Starman during the Falcon Heavy’s maiden flight. According to Kimbal, he was supposed to write a letter that would be placed together with the Roadster’s other cargo, but he ended up struggling with what he really wanted to say. Thus, he ultimately just decided to watch his older brother’s electric car get launched into space.
“I had an opportunity to send a letter up, but when I sat down to write it, I really struggled on what to say. In the end, I decided to just take the whole thing in and enjoy the launch,” Kimbal wrote in his AMA.
Kimbal also responded to a query asking if he would help his brother’s Mars colonization plan with his mastery of organic farming and food production. While Kimbal seemed careful to not divulge any concrete information about a partnership with SpaceX, he did joke about what he would call his Martian food company. According to Musk, his Martian firm will be called “All your food are belong to us!”
Kimbal’s joke about his Martian food firm is a direct reference to Zero Wing, a game for the Sega Genesis released in 1992. The game, which was originally in Japanese, was ported to the West, though its dialogue featured some of the most iconic instances of English mistranslations in gaming history, the most prominent of which was the meme-worthy sentence “All your base are belong to us.”
As we noted in a recent report, Kimbal Musk is giving away his personal early edition Model 3 to a lucky donor for Big Green, his nonprofit food literacy program for children in public schools. Anyone interested in acquiring the rare, signed Model 3 could put in donations for the nonprofit, with as little as $10 translating to 100 entries for the mass market electric car. Those interested in joining Kimbal’s Model 3 raffle can click here.
Tesla stock (NASDAQ: TSLA) closed at an all-time high on Tuesday, jumping over 3 percent during the day and finishing at $489.88.
The price beats the previous record close, which was $479.86.
Shares have had a crazy year, dipping more than 40 percent from the start of the year. The stock then started to recover once again around late April, when its price started to climb back up from the low $200 level.
This week, Tesla started to climb toward its highest levels ever, as it was revealed on Sunday that the company was testing driverless Robotaxis in Austin. The spike in value pushed the company’s valuation to $1.63 trillion.
Tesla Robotaxi goes driverless as Musk confirms Safety Monitor removal testing
It is the seventh-most valuable company on the market currently, trailing Nvidia, Apple, Alphabet (Google), Microsoft, Amazon, and Meta.
Shares closed up $14.57 today, up over 3 percent.
The stock has gone through a lot this year, as previously mentioned. Shares tumbled in Q1 due to CEO Elon Musk’s involvement with the Department of Government Efficiency (DOGE), which pulled his attention away from his companies and left a major overhang on their valuations.
However, things started to rebound halfway through the year, and as the government started to phase out the $7,500 tax credit, demand spiked as consumers tried to take advantage of it.
Q3 deliveries were the highest in company history, and Tesla responded to the loss of the tax credit with the launch of the Model 3 and Model Y Standard.
Additionally, analysts have announced high expectations this week for the company on Wall Street as Robotaxi continues to be the focus. With autonomy within Tesla’s sights, things are moving in the direction of Robotaxi being a major catalyst for growth on the Street in the coming year.
Elon Musk
Tesla needs to come through on this one Robotaxi metric, analyst says
“We think the key focus from here will be how fast Tesla can scale driverless operations (including if Tesla’s approach to software/hardware allows it to scale significantly faster than competitors, as the company has argued), and on profitability.”
Tesla needs to come through on this one Robotaxi metric, Mark Delaney of Goldman Sachs says.
Tesla is in the process of rolling out its Robotaxi platform to areas outside of Austin and the California Bay Area. It has plans to launch in five additional cities, including Houston, Dallas, Miami, Las Vegas, and Phoenix.
However, the company’s expansion is not what the focus needs to be, according to Delaney. It’s the speed of deployment.
The analyst said:
“We think the key focus from here will be how fast Tesla can scale driverless operations (including if Tesla’s approach to software/hardware allows it to scale significantly faster than competitors, as the company has argued), and on profitability.”
Profitability will come as the Robotaxi fleet expands. Making that money will be dependent on when Tesla can initiate rides in more areas, giving more customers access to the program.
There are some additional things that the company needs to make happen ahead of the major Robotaxi expansion, one of those things is launching driverless rides in Austin, the first city in which it launched the program.
This week, Tesla started testing driverless Robotaxi rides in Austin, as two different Model Y units were spotted with no occupants, a huge step in the company’s plans for the ride-sharing platform.
Tesla Robotaxi goes driverless as Musk confirms Safety Monitor removal testing
CEO Elon Musk has been hoping to remove Safety Monitors from Robotaxis in Austin for several months, first mentioning the plan to have them out by the end of 2025 in September. He confirmed on Sunday that Tesla had officially removed vehicle occupants and started testing truly unsupervised rides.
Although Safety Monitors in Austin have been sitting in the passenger’s seat, they have still had the ability to override things in case of an emergency. After all, the ultimate goal was safety and avoiding any accidents or injuries.
Goldman Sachs reiterated its ‘Neutral’ rating and its $400 price target. Delaney said, “Tesla is making progress with its autonomous technology,” and recent developments make it evident that this is true.
Investor's Corner
Tesla gets bold Robotaxi prediction from Wall Street firm
Last week, Andrew Percoco took over Tesla analysis for Morgan Stanley from Adam Jonas, who covered the stock for years. Percoco seems to be less optimistic and bullish on Tesla shares, while still being fair and balanced in his analysis.
Tesla (NASDAQ: TSLA) received a bold Robotaxi prediction from Morgan Stanley, which anticipates a dramatic increase in the size of the company’s autonomous ride-hailing suite in the coming years.
Last week, Andrew Percoco took over Tesla analysis for Morgan Stanley from Adam Jonas, who covered the stock for years. Percoco seems to be less optimistic and bullish on Tesla shares, while still being fair and balanced in his analysis.
Percoco dug into the Robotaxi fleet and its expansion in the coming years in his latest note, released on Tuesday. The firm expects Tesla to increase the Robotaxi fleet size to 1,000 vehicles in 2026. However, that’s small-scale compared to what they expect from Tesla in a decade.
Tesla expands Robotaxi app access once again, this time on a global scale
By 2035, Morgan Stanley believes there will be one million Robotaxis on the road across multiple cities, a major jump and a considerable fleet size. We assume this means the fleet of vehicles Tesla will operate internally, and not including passenger-owned vehicles that could be added through software updates.
He also listed three specific catalysts that investors should pay attention to, as these will represent the company being on track to achieve its Robotaxi dreams:
- Opening Robotaxi to the public without a Safety Monitor. Timing is unclear, but it appears that Tesla is getting closer by the day.
- Improvement in safety metrics without the Safety Monitor. Tesla’s ability to improve its safety metrics as it scales miles driven without the Safety Monitor is imperative as it looks to scale in new states and cities in 2026.
- Cybercab start of production, targeted for April 2026. Tesla’s Cybercab is a purpose-built vehicle (no steering wheel or pedals, only two seats) that is expected to be produced through its state-of-the-art unboxed manufacturing process, offering further cost reductions and thus accelerating adoption over time.
Robotaxi stands to be one of Tesla’s most significant revenue contributors, especially as the company plans to continue expanding its ride-hailing service across the world in the coming years.
Its current deployment strategy is controlled and conservative to avoid any drastic and potentially program-ruining incidents.
So far, the program, which is active in Austin and the California Bay Area, has been widely successful.
Tesla stock closes at all-time high on heels of Robotaxi progress
Tesla needs to come through on this one Robotaxi metric, analyst says
