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Your Tesla will become a humanless chauffeur, summoned via app
Your Tesla eases its way through the choked streets of Los Angeles and climbs the Sierra Nevada. It glitters with the lights of Las Vegas before continuing over to Yellowstone National Park, where the geysers blow and the buffalo stare from roadsides. Meandering through the Badlands and by Mount Rushmore, it pushes upward in elevation into the Rockies and then down to Denver. After the Tesla powers past the Midwest’s cornfields, it propels its way through Chicago’s multiple highway lanes, wedged between tractor trailers. In the final leg of the trip, the Tesla dips and zips through Pennsylvania’s rolling hills and maneuvers through the congested streets of Times Square, parking itself.
These Northern route stats: 3,241 miles in 54 hours, and your Tesla did all the driving for you. It was capable of seeing through heavy rain, fog, dust, and two cars ahead.
That’s the vision, or Tesla Vision, rather, of the not-so-distant future as announced by Tesla CEO Elon Musk during a press conference call on Wednesday, October 19. Outlining a future of self-driving cars, Musk set a goal for Tesla to make a fully autonomous road trip from Los Angeles to New York by the end of 2017. The trip would occur “without the need for a single touch” from the driver, including recharging the car’s battery. Owners would be able to Summon their vehicle, through a press of a button on an app, and the car would drive itself to wherever they are and pick them up – even if it’s across the country. The vehicle would charge on its own along the way without human intervention using something similar to the Snakebot that Tesla revealed last year.
“Our goal— I feel pretty good about this goal — we’ll be able to do a demonstration drive of full autonomy all the way from LA to New York. So basically from a home in LA to, let’s say. dropping you off in Times Square, in New York, having the car park itself by next year. Without the need for a single touch, including the charger.”, says Musk.
When you want your car to return, tap Summon on your phone. It will eventually find you even if you are on the other side of the country
— Elon Musk (@elonmusk) October 20, 2016
This Level 5 “full self-driving or driverless capacity” will now be available on the 2,000 cars a week that Tesla is currently manufacturing. That means the Tesla Model S and Model X vehicles in production as well as the upcoming Model 3 will have what Musk terms “Hardware 2,” which allows for full self-driving capability at “a safety level substantially greater than that of a human driver,” according to Musk. The hardware includes:
- 8 surround cameras which provide 360 degree visibility around the car at up to 250 meters of range;
- 12 updated ultrasonic sensors that allow detection of both hard and soft objects at nearly twice the distance of the prior system; and,
- a forward-facing radar with enhanced processing that provides additional data on a redundant wavelength.
The system, which has been more than a year in testing, will see continual software updates as the system learns through data collected from ‘Shadow Mode’ and self-driving algorithms are refined. Musk said that it would be some time before Tesla’s software would advance to meet capabilities of Hardware 2, so it will be disabled until it “reaches parity following full validation with Hardware 1, probably in December.” Updates are likely to occur every 2-3 months thereafter. Nonetheless, and in lieu of required regulatory approval, Musk claims that the safety level of this autonomous driving will be at least twice that of a human, or better.
Tesla’s current Autopilot system has been replaced with a newer generation ‘Enhanced Autopilot’ that will leverage the new suite of sensors to provide more precise lane keeping, lane changes without driver input, the ability to exit freeways, and an overall smoother and safer experience. Enhanced Autopilot and the Fully Self-Driving Capability, autonomous mode, is being made available through Tesla’s Model S and Model X Design Studio as optional upgrades.
Tesla stock (NASDAQ: TSLA) endured one of its sharpest single-day declines in years on July 23, tumbling approximately 14.5 percent and closing near $320 after opening the session around $374. The drop erased more than $140 billion in market value amid heavy trading volume and left the shares at multi-week lows.
The sell-off followed the company’s second-quarter 2026 results, released the previous evening. Tesla reported record revenue of $28.2 billion, up 26 percent year over year, driven by a Q2-record 480,126 vehicle deliveries. Energy storage deployments also rose strongly.
Tesla (TSLA) Q2 2026 earnings results: miss on EPS, beat on revenue
Yet profitability disappointed sharply. Operating income fell 57 percent to $398 million, compressing the operating margin to just 1.4 percent. Non-GAAP earnings per share came in at $0.33, well below the roughly $0.53 analysts had expected. Free cash flow turned negative by $1.1 billion as capital expenditures surged 142 percent to $5.8 billion, largely tied to accelerated spending on artificial intelligence, robotics, and autonomous systems.
The losses on capex were expected, as Tesla said it would be spending heavily in 2026.
Investors also reacted to lingering uncertainty surrounding key product timelines. During the Earnings Call, management reiterated ambitions for Robotaxi deployment and the Optimus humanoid robot, but offered limited new concrete milestones, renewing questions about execution pace that have long accompanied Tesla’s ambitious roadmap.
The magnitude of the decline places it among Tesla’s more severe one-day percentage losses since its 2010 initial public offering. Historically, the two largest single-day drops (split-adjusted) remain September 8, 2020, when shares fell 21.1 percent amid broader market volatility and valuation concerns, and January 13, 2012, with a 19.3 percent plunge during the company’s early growth struggles.
Other notable declines include an 18.6 percent drop on March 16, 2020, at the onset of pandemic-related market turmoil. Thursday’s move ranks roughly ninth on the all-time list but stands out as the steepest in more than a year.
Despite the short-term pain, Tesla’s long-term trajectory has repeatedly recovered from such volatility. The latest results underscore both the strength of its core automotive and energy businesses and the near-term costs of heavy investment in next-generation technologies.
Elon Musk clapped back at France’s decision to withhold the approval for Tesla’s Full Self-Driving (FSD) Supervised system, projecting a clear and blunt message to French Transport Minister Phillippe Tabarot, after he publicly rejected the technology in its current form.
Tabarot outlines several concerns with Tesla Full Self-Driving in a detailed video statement, where he said, “The safety trade-offs are not yet sufficient to authorize it as it currently stands,” he said. He emphasized that FSD is not a true self-driving system and that the driver remains fully responsible.
Key issues Tabarot also brought up included allowing speeding when surrounding traffic exceeds limits and what he believes are insufficient guarantees of driver attention during complex urban maneuvers such as lane changes, intersections, and roundabouts.
Delaying the approval of FSD in France will cost lives
— Elon Musk (@elonmusk) July 22, 2026
While acknowledging technological progress and France’s support for autonomous innovation, Tabarot stressed that deployment must prioritize road safety. He noted ongoing technical discussions with Tesla, the Netherlands, and other European partners, with further ecosystem meetings planned for the fall.
Musk’s rebuke highlights the human cost of regulatory caution. Tesla’s latest safety reports provide compelling data supporting accelerated adoption. In the most recent 12-month period, vehicles using FSD (Supervised) recorded one major collision per approximately 5.1 million miles driven, dramatically better than the U.S. national average of one crash per 698,000 miles.
Even Tesla vehicles driven manually with active safety features outperform the average by a wide margin. These figures come from billions of real-world miles of telemetry, showing FSD vehicles involved in far fewer incidents than both manual Teslas and the broader U.S. fleet.
Critics argue Tesla’s comparisons require careful scrutiny regarding reporting thresholds and fleet demographics, yet the data consistently positions FSD as a potential lifesaver. With road fatalities remaining a leading cause of death worldwide, Musk contends that proven safer technology should not face prolonged bureaucratic hurdles.
France’s measured approach reflects the broader European regulatory caution, which many, especially Musk, have been critical of in the past. However, as autonomous systems from Tesla and competitors like Waymo demonstrate superior safety in independent studies, pressure is mounting for harmonized approvals.
Musk’s warning carries the belief that every month of delay may equate to avoidable tragedies on European roads.
In a striking revelation that underscores the lucrative crossover between Big Tech and space exploration, Alphabet Inc., Google’s parent company, disclosed a massive $94.1 billion equity stake in SpaceX following the rocket company’s blockbuster initial public offering earlier this year.
The disclosure came in Alphabet’s quarterly filing, marking the first time the long-held private investment has been publicly valued at market prices. Google was an early backer, investing alongside Fidelity in 2015 with roughly $500-900 million at a time when SpaceX was valued around $12 billion.
That bet has delivered extraordinary returns, roughly a hundredfold, transforming a strategic play on satellite internet and launch capabilities into one of Alphabet’s largest assets.
Google, $GOOGL, has said they hold $94 billion in SpaceX, $SPCX, shares after IPO.
— unusual_whales (@unusual_whales) July 23, 2026
Of the total holding, approximately $80 billion remains subject to short-term post-IPO lockup restrictions, preventing near-term sales. An additional $14.1 billion faces longer-term restrictions, extending into the third quarter of 2027. This structure limits immediate liquidity but protects against market volatility as SpaceX transitions into public trading.
The SpaceX position contributed significantly to gains in Alphabet’s broader investment portfolio, which also includes a major stake in AI leader Anthropic. Combined, these holdings helped drive nearly $100 billion in investment gains during the second quarter, providing a substantial boost to net income amid ongoing AI spending pressures.
Analysts view the disclosure as validation of Alphabet’s venture strategy beyond its core search and cloud businesses. The investment aligns with deeper ties, including reported multi-billion-dollar deals for AI computing capacity on SpaceX infrastructure. As SpaceX advances Starship flights, Starlink expansion, and ambitious Mars goals under Elon Musk, Google’s stake positions it to benefit from the commercialization of space.
For Alphabet, the windfall highlights how patient, forward-looking bets in transformative sectors can yield outsized rewards. While lockups temper short-term impact, the holding cements SpaceX as a cornerstone of Alphabet’s diversified portfolio in an era where aerospace, AI, and connectivity increasingly intersect. Investors will watch closely as restrictions lift and SpaceX’s public performance unfolds.
Tesla stock tumbles after earnings, one of its sharpest single-day declines
Elon Musk is not happy about this Tesla Full Self-Driving approval delay
