News
SpaceX dropped a Crew Dragon mockup to save a helicopter and its passengers
SpaceX says it encountered an issue that forced it to drop a Crew Dragon spacecraft mockup during parachute testing — not a failure of the vehicle or its parachutes, to be clear, but still a problem nonetheless.
This is now the second significant hurdle SpaceX’s Crew Dragon astronaut spacecraft has faced in the last few days, following the revelation that NASA will not permit the company to launch astronauts until it completes an investigation into an in-flight rocket engine failure during its March 18th Starlink launch. There is likely no technical corollary for the new Falcon 9 rockets that will launch NASA astronauts, but existing Commercial Crew Program (CCP) contract rules still require SpaceX’s internal investigation be completed before it can proceed. With lives on the line, caution – within reason – is unequivocally preferable to the alternative.
Thankfully, SpaceX’s parachute test article anomaly should have a much smaller impact on Crew Dragon’s astronaut launch debut schedule, but it’s unlikely to have zero impact.
“During a planned parachute drop test [on Tuesday], the test article suspended underneath the helicopter became unstable. Out of an abundance of caution and to keep the helicopter crew safe, the pilot pulled the emergency release. As the helicopter was not yet at target conditions, the test article was not armed, and as such, the parachute system did not initiate the parachute deployment sequence. While the test article was lost, this was not a failure of the parachute system and most importantly no one was injured. NASA and SpaceX are working together to determine the testing plan going forward in advance of Crew Dragon’s second demonstration mission.”
SpaceX — March 24th, 2020
On March 24th, SpaceX says it was preparing for one of the last system-level Crew Dragon parachute tests planned before the spacecraft can be declared ready for human spaceflight. These final tests are reportedly focused on corner cases, referring to unusual but not impossible scenarios the spacecraft might encounter during operational astronaut landing attempts. Those likely include parachute deployment scenarios that are far more stressful than a nominal reentry, descent, and landing would allow.
Regardless, things did not go as planned during Tuesday’s test attempt. SpaceX primarily uses cargo planes, helicopters, and large balloons to carry its Crew Dragon test articles (not actual functional spacecraft) to the altitudes and speeds needed to achieve certain test conditions. On March 24th, SpaceX was using a helicopter – either a civilian Blackhawk or a much larger Skycrane.



For unknown reasons, the helicopter carrying the Crew Dragon test article on March 24th began to experience “instability”, likely referring to some sort of resonance (wobble, sway, oscillation, etc). Out of an abundance of caution, the pilot – likely highly trained – decided the instability was becoming an unacceptable risk and chose to drop the cargo load (a Crew Dragon mockup). Unsurprisingly, the parachute test article was not ready to drop and plummeted to the Earth without any kind of parachute deployment, likely pancaking on the desert floor shortly thereafter.
Again, it needs to be noted – as SpaceX did above – that the loss of the Crew Dragon parachute test article was entirely unrelated to the performance of the spacecraft or the parachutes it was testing. The mockup destroyed in the incident is essentially just a boilerplate mass simulator shaped like a Crew Dragon capsule to achieve more aerodynamically accurate test results. As such, it’s far simpler and cheaper than an actual Dragon spacecraft and shouldn’t take long at all to replace if SpaceX doesn’t already have a second similar mockup ready to go.

Thankfully, that means that the loss of the test article should have next to no serious impact on Crew Dragon’s inaugural astronaut launch schedule. Planned no earlier than (NET) mid-to-late May according to NASA’s latest official statement, SpaceX and the space agency still have at least a month and a half to work through a final parachute test campaign, complete an investigation into Starlink L6’s Falcon booster engine failure, and finish several trees worth of paperwork and reviews. Delays remain likely but they shouldn’t be more than a few weeks, barring any future surprises.
News
Tesla Cybercab gets a for sale date at last
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.
Elon Musk
Tesla Q3 2026 Earnings results: in-line revenues, slight beat on EPS
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.
Investor's Corner
Tesla reports Q3 Earnings today: here’s what to expect
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.