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SpaceX nails 50th rocket booster landing ahead of Crew Dragon takeover
On its fifth launch of 2020, SpaceX has nailed its 50th Falcon rocket booster landing and sent Cargo Dragon (Dragon 1) en route to the International Space Station (ISS) on its final mission, paving the way for Crew Dragon’s imminent takeover.
At 11:50 pm EST (4:50 UTC), a flight-proven Falcon 9 booster and twice-flown Cargo Dragon spacecraft lifted off from SpaceX’s LC-40 Cape Canaveral Air Force Station (CCAFS) launch pad, sending the Dragon 1 spacecraft on its third and final orbital launch. Things went as planned and the booster nailed its second landing, coming to a rest at Landing Zone-1 (LZ-1), while Falcon 9’s second stage successfully placed Dragon in orbit and deployed the vehicle. Now safely in orbit with both solar arrays deployed, Cargo Dragon will use built-in maneuvering thrusters to tweak its orbit, ultimately rendezvousing with space station no earlier than the morning (EDT) of March 9th.
Hopefully wrapping up a decade of success, the CRS-20 mission will be SpaceX’s last under NASA’s Commercial Resupply Services (CRS) Phase 1 contract, marking Cargo Dragon’s 20th successful space station rendezvous and 19th operational resupply mission. Over those 19 CRS missions, SpaceX – once CRS-20 has safely berthed – will have delivered nearly 45 metric tons (100,000 lb) of cargo to the space station and returned another 31 metric tons (>70,000 lb) to Earth, remaining the only operational spacecraft capable of doing so. While Dragon 1 will cease operations after capsule C112’s planned reentry and splashdown sometime next month, the vast wealth of expertise SpaceX has derived has already been funneled directly into Crew Dragon (Dragon 2), its successor.
Carrying about 2050 kg (4500 lb) of cargo, Cargo Dragon capsule C112 and its expendable trunk section will spend about a month in orbit after berthing with the space station this Monday. The mission may be the last time in history a SpaceX spacecraft berths with the International Space Station, a process that the Dragon 2 spacecraft will soon replace outright once it takes over. Instead of berthing, which refers to the process of astronauts manually ‘grappling’ a visiting vehicle with the space station’s massive robotic arm, SpaceX’s next-generation spacecraft relies on docking, meaning that it does all the work itself.
Docking is thus somewhat riskier and more technically challenging, but it also requires far less input from the station’s crew and can be done almost entirely autonomously, further simplifying the rendezvous process. Once it gets to that point, SpaceX’s massive Starship spacecraft will likely rely on the same docking technology if or when it comes time for it to mate with the ISS – the vehicle is simply too big for anything else.
A slightly tweaked version of Crew Dragon, SpaceX’s future Cargo Dragon 2 spacecraft will replace its human passengers with the same supplies Cargo Dragon currently ferries to and from the ISS. According to Vice President of Build and Build Reliability Hans Koenigsmann, SpaceX has already begun building its first Cargo Dragon 2 spacecraft back at its Hawthorne, California headquarters. That vehicle’s launch debut is scheduled no earlier than (NET) “fall” 2020 and will support CRS-21, SpaceX’s first NASA resupply mission under its CRS Phase 2 contract.
Cargo Dragon 2’s “launch debut” should thankfully be quite the non-event. Crew Dragon – nearly identical – will have hopefully flown at least two (and perhaps three) orbital missions to the space station by then, dramatically reducing risk. The spacecraft will also use Falcon 9, currently classed as one of the world’s most reliable launch vehicles. CRS-20 marked the rocket’s 54th consecutively successful launch, as well as SpaceX’s 50th successful booster landing since December 2015.
For now, though, Cargo Dragon C112 still needs to make its way uphill to rendezvous with the ISS for the final time. Stay tuned for updates on the spacecraft’s last orbital mission.
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Tesla Cybercab units finally got a definitive date for when they will be able to be purchased by consumers, ending speculation regarding whether the fully autonomous vehicle would be available in the near term.
During Tesla’s third-quarter 2026 earnings call on October 21, Vice President of Engineering Lars Moravy said the company is aiming to begin delivering its purpose-built Cybercab robotaxi to customers before year-end.
🚨 In short, Cybercabs are slated to go to customers by end of the year. All units are going into Robotaxi fleet currently, per @larsmoravy
Cybercab will be “transport-as-a-service,” but vast majority of Cybercab will be “Tesla-owned,” @elonmusk says https://t.co/R8Qu8QWdmp
— TESLARATI (@Teslarati) October 21, 2026
“We’re trying to get Cybercabs to customers by the end of this year, 2026,” Moravy said. He added that production is underway on the line at Gigafactory Texas, but “all of those are currently going to our own internal Robotaxi fleet.”
Moravy explained that as operations scale, Tesla will “mainly deliver fully designed autonomous vehicles to our customers,” with the Cybercab as the first such vehicle. Initial customer deliveries will start small while the company gains experience with delivery logistics, ownership models, fleet management, and operating autonomous vehicles outside its direct control.
CEO Elon Musk reinforced the limited nature of private sales, describing the Cybercab primarily as a “transport-as-a-service” offering rather than a personal ownership vehicle like the Model 3, Model Y, or upcoming Roadster. “The vast majority of the Cybercab stuff will be Tesla-owned and transport-as-a-service,” Musk said.
The Cybercab is a two-seater vehicle developed by Tesla without a steering wheel or pedals. It relies completely on Tesla’s Full Self-Driving suite and has been in production since February. Early units have been put in Tesla’s Robotaxi service as of early September, when the company launched rides to the public. Tesla previously indicated it would aim to sell Cybercabs for about $30,000.
Unsupervised Full Self-Driving is expected to ship to consumer cars during Q2 2027, Ashok Elluswamy, Tesla’s Head of AI, indicated during the call. Early buyers or fleet operators may receive vehicles whose autonomous operation remains geographically restricted due to lagging regulatory agencies. There are some hurdles that remain ahead of Cybercab deliveries.
Tesla (NASDAQ: TSLA) reported its earnings for the third quarter of 2026, marking a reasonable performance on the various financial metrics. Tesla still plans to hold a call that will field investor questions at 5:30 p.m. ET, 4:30 p.m. CT.
Here’s where Earnings came in:
- Total Revenues: $28.046 reported vs. $28.34B expected
- Non-GAAP EPS: $0.48 reported vs. $0.45 expected
- Operating Margin: 2.6 % reported vs. 2.5% expected
- Operating Income: $718M reported vs. $721M expected
- Free Cash Flow: $1.531B reported vs. ~-$4.51B expected
Tesla $TSLA Earnings Results:
Revenues: $28.046B
Non-GAAP EPS: $0.48
Operating Margin: 2.6%
Operating Income: $718M
FCF: $1.531B— TESLARATI (@Teslarati) October 21, 2026
Major Takeaways
Full Self-Driving (Supervised)
“FSD (Supervised)⁴ attach rate continued to grow, reaching over 75% of new vehicle deliveries in North America – our most mature market – a nearly twenty percentage point sequential increase. We believe that FSD is driving demand in markets where it is available, and we continue to work with regulators to get it approved in other markets.”
Tesla Semi
“We began volume production of Tesla Semi, our Class 8 heavy-duty truck. The top variant can go 500 miles at full 82,000 lbs gross combination weight while achieving an efficiency of 1.7 kWh/mile. That efficiency allows the Tesla Semi to use a third of the energy used by a comparable diesel truck to haul the same payload. In a transportation market where energy is one of the largest components of total cost per mile, this will provide a meaningful advantage to Tesla Semi operators.”
SI Compute
“We plan to reach 400 MW of SI training compute by the end of the year, supporting the development of both vehicle and humanoid robot autonomy software. Additionally, we continued construction for the Austin Fab, where we plan to start commissioning equipment in 2027.”
Robotaxi
“We began deployment of Cybercab into our Robotaxi fleet in Austin. We reached nearly two million cumulative unsupervised miles for our Robotaxi service as of the end of the quarter. Operating hours in Austin are now 6am to midnight, and we expect to reduce wait times via increased fleet supply and improvement of Robotaxi orchestration algorithms. Grok is available in Cybercab with access to Grok Bot and Connectors, which allows users to manage their inbox, calendars, files, chats and tasks – all hands free via voice command – making Cybercab a mode of transport, a productivity space and, with our entertainment options, a second living room.”
Interested in ordering a Tesla? Use my referral code for three free months of Full Self-Driving (Supervised) here.
Tesla (NASDAQ: TSLA) reports its earnings for Q3 today. Here’s what to expect, as the company will reveal its balance sheet after the market closes on Wednesday.
Tesla already reported deliveries just after Q3 ended, and it demolished Wall Street consensus estimates of roughly 462,000 vehicles. Tesla delivered 486,532 cars in the third quarter, which was a big beat, but was down 2.1 percent from the same quarter last year. Energy storage deployments were 13.7 GWh, up year-over-year.
Tesla showrooms picked clean ahead of Q3 end as demand looks strong
For the quarter, analysts have already compiled their predictions for what Tesla will report this afternoon:
- Total Revenues: $28.34B
- Non-GAAP EPS: $0.43
- Operating Margin: 2.5%
- Operating Income: $721M
- Free Cash Flow: ~-$4.51B
Here are a few things we are looking forward to hearing about on the call:
Automotive Gross Margin and Overall Profitability
This was 16.3 percent in Q2, down from 19.2 percent in Q1, and was impacted by warranty charges and some fading regulatory credits. Consensus implies overall gross margin near 18 percent, but a miss here would potentially reinforce concerns about pricing pressure on its vehicles.
Pay attention to energy storage margins as well, especially since Tesla missed GWh expectations, although it was still a strong quarter.
Robotaxi/Cybercab, Unsupervised FSD, and Optimus Progress
The Say questions from retail investors usually focus on these types of projects, and this quarter is no different. Scaling the Cybercab fleet beyond Austin amid the open NHTSA safety review, timeline for Unsupervised FSD in customer cars, Robotaxi unit economics, and Optimus cost per unit plus when it could start generating revenue, are all things to be looking for.
Any concrete timelines or regulatory path details will likely move the stock more than the near-term numbers. SpaceX merger speculation, which was detailed during SpaceX’s earnings call last night, may also surface, although the key details were shared last night.
Elon Musk just confirmed the Tesla and SpaceX merger step everyone was waiting for
Say Investor Questions
- How does the Cybercab fleet scale past Austin, and what’s the regulatory path outside Texas given NHTSA’s open safety review?
- When can we anticipate FSD unsupervised in customer cars?
- When will the CyberCab be available for customer purchase/ownership?
- What’s the unit economics per paid robotaxi mile, and how does it compare to the thirty-cent target?
- Tesla has acknowledged that HW3 vehicles cannot support unsupervised FSD. When will owners know whether they can upgrade their hardware for free, and when will Tesla provide a clear plan?
The full Earnings Call will be streamed this evening after market close around 5 p.m. this evening.
Tesla Cybercab gets a for sale date at last
Tesla Q3 2026 Earnings results: in-line revenues, slight beat on EPS
