News
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.
Elon Musk
SpaceX issues statement on Starship V3 Booster 18 anomaly
The incident unfolded during gas-system pressure testing at the company’s Massey facility in Starbase, Texas.
SpaceX has issued an initial statement about Starship Booster 18’s anomaly early Friday. The incident unfolded during gas-system pressure testing at the company’s Massey facility in Starbase, Texas.
SpaceX’s initial comment
As per SpaceX in a post on its official account on social media platform X, Booster 18 was undergoing gas system pressure tests when the anomaly happened. Despite the nature of the incident, the company emphasized that no propellant was loaded, no engines were installed, and personnel were kept at a safe distance from the booster, resulting in zero injuries.
“Booster 18 suffered an anomaly during gas system pressure testing that we were conducting in advance of structural proof testing. No propellant was on the vehicle, and engines were not yet installed. The teams need time to investigate before we are confident of the cause. No one was injured as we maintain a safe distance for personnel during this type of testing. The site remains clear and we are working plans to safely reenter the site,” SpaceX wrote in its post on X.
Incident and aftermath
Livestream footage from LabPadre showed Booster 18’s lower half crumpling around the liquid oxygen tank area at approximately 4:04 a.m. CT. Subsequent images posted by on-site observers revealed extensive deformation across the booster’s lower structure. Needless to say, spaceflight observers have noted that Booster 18 would likely be a complete loss due to its anomaly.
Booster 18 had rolled out only a day earlier and was one of the first vehicles in the Starship V3 program. The V3 series incorporates structural reinforcements and reliability upgrades intended to prepare Starship for rapid-reuse testing and eventual tower-catch operations. Elon Musk has been optimistic about Starship V3, previously noting on X that the spacecraft might be able to complete initial missions to Mars.
Investor's Corner
Tesla analyst maintains $500 PT, says FSD drives better than humans now
The team also met with Tesla leaders for more than an hour to discuss autonomy, chip development, and upcoming deployment plans.
Tesla (NASDAQ:TSLA) received fresh support from Piper Sandler this week after analysts toured the Fremont Factory and tested the company’s latest Full Self-Driving software. The firm reaffirmed its $500 price target, stating that FSD V14 delivered a notably smooth robotaxi demonstration and may already perform at levels comparable to, if not better than, average human drivers.
The team also met with Tesla leaders for more than an hour to discuss autonomy, chip development, and upcoming deployment plans.
Analysts highlight autonomy progress
During more than 75 minutes of focused discussions, analysts reportedly focused on FSD v14’s updates. Piper Sandler’s team pointed to meaningful strides in perception, object handling, and overall ride smoothness during the robotaxi demo.
The visit also included discussions on updates to Tesla’s in-house chip initiatives, its Optimus program, and the growth of the company’s battery storage business. Analysts noted that Tesla continues refining cost structures and capital expenditure expectations, which are key elements in future margin recovery, as noted in a Yahoo Finance report.
Analyst Alexander Potter noted that “we think FSD is a truly impressive product that is (probably) already better at driving than the average American.” This conclusion was strengthened by what he described as a “flawless robotaxi ride to the hotel.”
Street targets diverge on TSLA
While Piper Sandler stands by its $500 target, it is not the highest estimate on the Street. Wedbush, for one, has a $600 per share price target for TSLA stock.
Other institutions have also weighed in on TSLA stock as of late. HSBC reiterated a Reduce rating with a $131 target, citing a gap between earnings fundamentals and the company’s market value. By contrast, TD Cowen maintained a Buy rating and a $509 target, pointing to strong autonomous driving demonstrations in Austin and the pace of software-driven improvements.
Stifel analysts also lifted their price target for Tesla to $508 per share over the company’s ongoing robotaxi and FSD programs.
Elon Musk
SpaceX Starship Version 3 booster crumples in early testing
Photos of the incident’s aftermath suggest that Booster 18 will likely be retired.
SpaceX’s new Starship first-stage booster, Booster 18, suffered major damage early Friday during its first round of testing in Starbase, Texas, just one day after rolling out of the factory.
Based on videos of the incident, the lower section of the rocket booster appeared to crumple during a pressurization test. Photos of the incident’s aftermath suggest that Booster 18 will likely be retired.
Booster test failure
SpaceX began structural and propellant-system verification tests on Booster 18 Thursday night at the Massey’s Test Site, only a few miles from Starbase’s production facilities, as noted in an Ars Technica report. At 4:04 a.m. CT on Friday, a livestream from LabPadre Space captured the booster’s lower half experiencing a sudden destructive event around its liquid oxygen tank section. Post-incident images, shared on X by @StarshipGazer, showed notable deformation in the booster’s lower structure.
Neither SpaceX nor Elon Musk had commented as of Friday morning, but the vehicle’s condition suggests it is likely a complete loss. This is quite unfortunate, as Booster 18 is already part of the Starship V3 program, which includes design fixes and upgrades intended to improve reliability. While SpaceX maintains a rather rapid Starship production line in Starbase, Booster 18 was generally expected to validate the improvements implemented in the V3 program.
Tight deadlines
SpaceX needs Starship boosters and upper stages to begin demonstrating rapid reuse, tower catches, and early operational Starlink missions over the next two years. More critically, NASA’s Artemis program depends on an on-orbit refueling test in the second half of 2026, a requirement for the vehicle’s expected crewed lunar landing around 2028.
While SpaceX is known for diagnosing failures quickly and returning to testing at unmatched speed, losing the newest-generation booster at the very start of its campaign highlights the immense challenge involved in scaling Starship into a reliable, high-cadence launch system. SpaceX, however, is known for getting things done quickly, so it would not be a surprise if the company manages to figure out what happened to Booster 18 in the near future.
SpaceX issues statement on Starship V3 Booster 18 anomaly
Tesla analyst maintains $500 PT, says FSD drives better than humans now
