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First look at Tesla’s ‘more confident’ Smart Summon feature ahead of V10 release

Tesla Model 3 demonstrating latest version of Smart Summon. | Image: ALL Electric/YouTube

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The fourth iteration of Tesla’s Smart Summon feature has begun rolling out to Early Access Program participants, demonstrating the continued development of capabilities that allow drivers to operate their all-electric cars through the Tesla mobile app, specifically by having them autonomously travel to their location. As seen in a recent video demonstrating the program (previously ‘Enhanced Summon’) in action, some notable improvements have been made over the last release, particularly in vehicle confidence and movement execution.

Utilizing the latest version of Smart Summon, a deep blue metallic Model 3 is seen navigating from various parking spaces to selected point locations in a demo posted by YouTube channel, ALL Electric. When exiting each parking spot, the all-electric vehicle seems confident while reversing, and there seems to be an increase in the car’s speed as it executes the Summon command over the prior versions. Another particularly interesting part of the demonstration was the vehicle’s response to the transition from asphalt to brick in its driving path, something which caused the feature to pause and assess the locations of the actual curbs vs. the perceived curbs based on color variations.

Smart Summon’s primary appeal to customers is geared towards parking lot navigation. CEO Elon Musk has ambitious plans for the feature, and has previously stated that a Tesla “should be able to drive around a parking lot, find an empty spot, read signs to confirm it’s valid & park.” However, although a wide release of Smart Summon is coming with Tesla’s upcoming Version 10 firmware update, self-parking looks to still be a ways off yet. This is not surprising given Musk’s previous explanations of the feature’s fine-tuning challenges that are still underway as seen in ALL Electric‘s demo.

“Yeah, we’ve been working on curbs a *lot*. Concrete seams too. So glamorous,” Musk tweeted in response to an update request for the newest Summon at the end of June. When asked what the most difficult part about concrete was, Musk replied, “Excessive shades of grey.” The CEO also jokingly noted that curbs with high contrast were his ‘favorite’. The latest update to Smart Summon demonstrated this particular challenge where the parking lot composition changed, although it was able to determine its drivability after a pause for assessment.

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Along with parking lot mobility, Smart Summon already allows Tesla owners with early access to “walk” their cars like a pet by holding down the Summon button on the Tesla app. Musk also promised eventual remote control car capability as well. “Also, you’ll be able to drive it from your phone remotely like a big RC car if in line of sight,” he tweeted in November last year.

Tesla’s V10 firmware, which will also include improvements to Autopilot and WiFi streaming of Netflix and YouTube videos, is estimated to be released later this month. After the company’s Early Access Program results are assessed and addressed, a wide release of the new firmware will follow. “Depends on how release to owners with early access goes, but hopefully wide release by end of August,” Musk replied on Twitter to a question about V10’s availability at the end of last month.

Despite the full promise of the Smart Summon feature yet to be realized, its overall functionality is a remarkable improvement over the current Summon feature which only allows straight-line driving for a maximum of 150 feet.

Watch the latest Enhanced Summon demonstration video below:

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https://www.youtube.com/watch?v=ebii6acduRY

Accidental computer geek, fascinated by most history and the multiplanetary future on its way. Quite keen on the democratization of space. | It's pronounced day-sha, but I answer to almost any variation thereof.

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Tesla tops American-Made Index for sixth-consecutive year

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Credit: Tesla

Tesla is atop the American-Made Index from Cars.com for the sixth-straight year, as the Model 3 and Model Y took the top two spots, respectively.

Last year, the Model 3, Model Y, Model S, and Model X took the top four spots, respectively. The company has routinely performed well in the Index. However, Tesla discontinued its flagship Model S and Model X earlier this year, which took the two cars out of the ranking.

Cybertruck is not considered due to its curb weight being above the 8,500-pound threshold, which eliminates it from being required to have more detailed assembly information.

Cars.com uses five main categories to develop its rankings:

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  • Location(s) of final assembly
  • Percentage of U.S. and Canadian parts
  • Countries of origin for all available engines
  • Countries of origin for all available transmissions
  • U.S. manufacturing workforce

These five major factors are then put into a 100-point scale. The vehicles with the highest scores sit atop the list. The Model 3 edged out the Model Y.

Tesla uses a strong domestic strategy to build its cars and parts domestically. It relies on intense vertical integration that reduces its dependence on global suppliers, keeping more value and jobs in the United States.

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This strategy has helped Tesla gain a strong reputation for domestically produced vehicles and parts. However, it helps it with more than just awards like this one. Keeping a supply chain local has also helped insulate Tesla more than others from tariffs and supply chain disruptions.

This year’s American-Made Index from Cars.com studied nearly 400 vehicles from the 2026 model year. Tesla was the only manufacturer to have an EV inside the Top 10. The Kia EV9 was the next EV to make the list, scoring the 17th position.

The Hyundai IONIQ 5 was 21st, and the final EV to make the list was the Cadillac LYRIQ in 77th.

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Elon Musk

Tesla finally clarifies fatal Texas crash, confirms driver manually overrode acceleration

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Credit: CNBC

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!”

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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.”

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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

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“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.

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Investor's Corner

SpaceX makes $20 billion move to optimize its balance sheet

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Credit: SpaceX

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.

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.

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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.

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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.

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