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[Photos] Preparations for Tesla’s Gigafactory event are well underway
New aerial photos obtained by Teslarati show party preparations for Tesla’s upcoming July 29 Gigafactory event are well underway. Photos of Tesla’s $5 billion high-tech battery plant located 20 miles east of Reno, Nevada reveal that the electric automaker turned energy company has perched a large white tent off the main road, rightfully named Electric Avenue, that leads into the Gigafactory.
Several tractor trailers are seen surrounding the tent with a pair of trailers positioned in a way that would suggest cargo was being unloaded into the tent. Taking into account that commercial tractor trailers are generally 53 feet in length, we approximate the tent to be about 210 feet in length and 105 feet wide, or twice the size of a professional NBA basketball court.
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- Tesla Gigafactory event prepartions seen in aerial photo
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- A newly perched white tent is seen near the entrance to the Gigafactory
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- Tesla Gigafactory, July 24, 2016
Also seen in the photos taken on Sunday, July 24 by local flight instructor Josh Mcdonald are roughly 2,000 newly painted parking spaces located directly west of Tesla’s Gigafactory 1. Tesla will be providing valet parking for those driving to Gigafactory 1 via Electric Avenue, but will also have shuttle service departing from downtown Reno to the battery plant. Though Tesla has not disclosed the planned attendance figure for the highly anticipated event, we know CEO Elon Musk isn’t one to shy away from throwing a good party. Both the Tesla ‘D event’ and the Model X unveiling each drew between 4,000 – 6,000 in attendance.
Looking forward to the Gigafactory opening party on Friday next week. The scale blows me away every time I see it.
— Elon Musk (@elonmusk) July 22, 2016
Tesla will also be providing factory tours of Gigafactory 1 as well as “test rides” according to event details outlined on the company’s official invitation to the July 29 party. There’s been speculation that Tesla will be providing event attendees rides in the final version of the Model 3 which completed design late last month.
We know that Musk has said in the past that Tesla will “do the obvious thing” regarding Autopilot on the Model 3. Contrary to Tesla’s current semi-autonomous driving feature which has seen its share of negative press after the first fatality occurred behind the wheel of a Model S on Autopilot, many believe that the obvious thing in this case is a fully autonomous vehicle capable of driving on its own with no human intervention.
Looking at a close up of the area near the white tent, we can see a section leading to a paved road that runs alongside the expansive parking lot, and around the outer perimeter of the factory lot. Zooming into the photo even more and you can see the paved road is painted with very clear lane markings, perhaps to ensure that Autopilot 2.0 sensors have all of the cues needed for a successful demo. What we’re seeing here might in fact be a test track where rides will take place.
Test rides might be originating from near the white tent and on the paved road surrounding the outer perimeter of the Gigafactory 1 lot.
Musk’s vision for the future includes the use of Tesla’s battery plant as the supplier of li-ion cells for its upcoming fleet of Tesla trucks, semis and home and commercial energy solutions.
Tesla broke ground on its first Gigafactory in June 2014 and is expected to produce 105 gigawatt hours of battery cells when it reaches full production in 2020, and becomes the world’s largest producer and consumer of li-ion battery cells.
The four completed sections of the Gigafactory to date represents only 15% of the overall total size when completed. Josh Mcdonald of Nevada Tailwheel tells us, “Tesla has begun construction on the next phase of the Gigafactory as seen from the newly graded sections with concrete and steel pylons forming the base of the foundation directly to the north and south of the factory”.
We’ve outlined in red a few key areas of the Gigafactory seen from the aerial photo. Among the areas outlined are new sections north and south of the existing building, a helicopter landing zone and the security guard shack on Electric Avenue.
Tesla has finally clarified the situation regarding the viral crash in Texas where a Model 3 slammed into a home.
CEO Elon Musk replied to reports on Monday that stated the crash was due to the company’s Full Self-Driving or Autopilot suite, which seemed unlikely to those who are familiar with it. Video showed the car slamming into a house at an excessive rate of speed, making it highly unlikely the crash was due to the suite’s operation, as it does not travel at those speeds in residential areas.
Musk said:
“This makes no sense. FSD drives slowly through neighborhood streets, and this was a high-speed crash!”
Tesla’s Head of AI, Ashok Elluswamy, added context, revealing that the company’s data shows the driver “manually overrode self-driving by pressing the accelerator all the way to 100%.”
He revealed the speed reached by the car was 73 MPH, and the accelerator was still pressed “even after the crash.”
Yup. In this case, the driver manually overrode self-driving by pressing the accelerator all the way to 100% of the accel pedal in this residential area. They reached a speed of 73 mph during the crash, and had the accelerator pressed even after the crash.
— Ashok Elluswamy (@aelluswamy) June 22, 2026
Authorities are reportedly investigating “whether Tesla’s Autopilot system played a role after a Model 3 left the roadway…slammed through a brick house at high speed and fatally struck Matha Avila as she sat inside,” the New York Post reported.
The National Highway Traffic Safety Administration (NHTSA) is now investigating the crash. Tesla will work with the agency to provide them with whatever information they need in order to clarify the cause of the crash.
Similarly, Tesla had claims of a fatal accident in Harris County, Texas, a few years ago. Early reports indicated that Full Self-Driving was the cause of the crash. After the National Transportation Safety Board (NTSB) worked with Tesla, the agency proved there was “no use of the Autopilot system at any time during this ownership period of the vehicle, including the time frame up to the last transmitted timestamp on April 17, 2021.”
Tesla alleged “driverless” crash in Texas: What is known so far
“Application of the accelerator pedal was found to be as high as 98.8 percent,” the NTSB said in their findings. The highest recorded speed in the five seconds leading up to the impact was 67 miles per hour. The area where the crash occurred is residential, and Texas State laws have default speed limits of 30 MPH in residential streets.
This appears to be a similar situation. However, an investigation will prove what happened for sure.
SpaceX announced today that it commenced its first-ever public bond offering, marking a significant step in the newly public company’s capital markets strategy.
The company announced an offering of senior unsecured notes expected to raise at least $20 billion.
The move comes just a short time after SpaceX completed one of the largest initial public offerings in history. In mid-June, the company priced shares at $135 and raised more than $85 billion, propelling founder Elon Musk’s net worth past the trillion-dollar mark and giving the firm substantial liquidity.
🚨 SpaceX has announced its inaugural offering of senior unsecured notes.
The net proceeds will be used to repay outstanding loans under its bridge loan facility in full.
This inaugural debt offering represents a financing milestone for SpaceX, which previously depended… pic.twitter.com/pcOZuVbTRv
— TESLARATI (@Teslarati) June 22, 2026
According to the company’s SEC filing, the net proceeds from the notes will be used primarily to repay in full the outstanding borrowings under its existing bridge loan facility, cover related fees and expenses, and fund general corporate purposes. The offering is being conducted under Rule 144A, as well as Regulation S, targeting qualified institutional buyers and non-U.S. investors. Notes will be unsecured obligations ranking equally with other unsubordinated debt.
The $20 billion bridge loan was used to refinance approximately $17.5 billion in higher-cost “junk” debt tied to X and xAI. SpaceX had merged with xAI in February 2026 in an all-stock deal. The bridge facility, which matures in September 2027, had represented the bulk of SpaceX’s long-term debt.
SpaceX officially acquires xAI, merging rockets with AI expertise
In connection with the bond launch, SpaceX disclosed it held approximately $100.8 billion in cash and cash equivalents as of June 19. Investor calls began on the announcement date, with pricing and launch expected shortly thereafter. Rating agencies have assigned investment-grade ratings to the proposed bonds, reflecting confidence in SpaceX’s dominant position in commercial launches and the growth trajectory of its Starlink internet offering.
The debt raise also allows SpaceX to optimize its balance sheet by replacing short-term, higher-cost bridge financing with longer-date, lower-cost fixed-income securities. This provides greater financial flexibility to support capital-intensive initiatives, including the development of Starship, the expansion of the Starlink constellation, and the integration of AI capabilities following the xAI combination.
SpaceX shares (NASDAQ: SPCX) fell sharply on the news, dropping over 16 percent overall on the market on Monday. The stock had surged initially after debuting but pulled back amid profit-taking and broader market dynamics.
Overall, the bond offering underscores SpaceX’s transition to a mature public company with access to diverse funding sources. It positions the firm to pursue its long-term vision of multiplanetary expansion and AI infrastructure, while maintaining a disciplined approach to its capital structure in a high-growth but capital-heavy industry.
SpaceX confirmed today that it has officially signed its third massive compute deal, providing compute at its Colossus data center in Southaven, Mississippi.
Reflection AI will gain immediate access to NVIDIA GB300 chips at SpaceX’s Colossus 2 data center. In return, Reflection will pay SpaceX $150 million per month starting on July 1, with total payments reaching approximately $6.3 billion if the contract runs through its duration, which is until 2029. Either party can terminate the agreement with 90 days’ notice after the initial three-month period.
CNBC first reported the deal.
🚨 SpaceXAI has agreed to a new compute deal with Reflection AI.
Reflection gets access to NIVIDIA GB300s, and will pay $150M per month to SpaceXAI for the compute. pic.twitter.com/bNPare8U5u
— TESLARATI (@Teslarati) June 22, 2026
This latest partnership highlights SpaceX’s strategy of commercializing its massive Colossus supercomputing infrastructure, originally developed to power Elon Musk’s Grok AI models. The company has rapidly expanded its customer base in the AI sector following its February 2026 merger with xAI, a transaction that valued the combined entity at $1.25 trillion.
SpaceX has previously signed significant compute deals with other major players.
It granted Anthropic exclusive access to the full capacity of its Colossus 1 data center, which exceeds 300 megawatts and includes over 220,000 NVIDIA GPUs. Details from SpaceX’s IPO filings indicate Anthropic will pay $1.25 billion per month through May 2029, potentially generating around $45 billion over the term of the deal.
Additionally, Google agreed to pay SpaceX $920 million per month for compute capacity from October 2026 through June 2029. This 32-month period will provide Google access to roughly 110,000 NVIDIA GPUs, along with supporting processors and memory. Capacity ramps up through September at a reduced fee, with termination options after the first year.
SpaceXA also established arrangements for computing power with Cursor, an AI coding startup. SpaceX acquired them in a $60 billion all-stock deal.
These arrangements position SpaceX’s collective position as an AI infrastructure powerhouse with high-margin revenue potential. The Google deal alone could generate nearly $29.5 billion over its term, while the Reflection contract adds another $6.3 billion.
Combined with the Anthropic arrangement, SpaceX stands to realize tens of billions in revenue from compute leasing in the coming years, which diversifies beyond SpaceX’s traditional rocket launches and Starlink operation.
The deals underscore growing demand for advanced AI training and inference capacity amid chip shortages and surging model development needs. Reflection, valued at $25 billion and focused on “American open intelligence” with government and national security ties, cited recent restrictions on closed models as validation for open-source approaches.
For SpaceX, the partnerships transform capital-intensive data centers into flexible revenue sources while supporting its broader AI ambitions after the company has gone public.
Tesla finally clarifies fatal Texas crash, confirms driver manually overrode acceleration
SpaceX makes $20 billion move to optimize its balance sheet
