News
SpaceX set to launch reused Dragon on a new Falcon 9 as NASA requests delay
An electrical fault aboard the International Space Station (ISS) has forced NASA to delay SpaceX’s CRS-17 Cargo Dragon launch from May 1st to May 3rd, giving the station’s crew more time to fix the issues at hand.
A new Falcon 9 Block 5 booster is tasked with launching the spacecraft and completed a static fire test at SpaceX’s LC-40 pad on April 27th. The Cargo Dragon capsule, however, completed its first orbital resupply mission (CRS-12) in September 2017 and has since been refurbished for a second launch. After CRS-17, three launches remain on SpaceX’s CRS1 NASA contract between now and early 2020, after which Dragon 2 (i.e. Crew Dragon) is expected to take over. However, a recent failure during a Crew Dragon test have thrown those plans into question.
Cargo Dragon’s 17th mission
Known as C113, the CRS-12 capsule is the last Dragon 1 manufactured by SpaceX, leaving a fleet of five flight-proven spacecraft for SpaceX to complete the eight remaining ISS resupply missions under its Commercial Resupply Services 1 (CRS1) contract. CRS-17 is the latest installment in SpaceX’s ISS resupply saga and is manifested with ~2500 kg (5500 lb) of cargo.
Along for the ride are NASA’s Orbiting Carbon Observatory-3 (OCO-3) and the multi-experiment STP-H6 investigation, two large pieces of hardware that will be delivered to the ISS in Dragon’s unpressurized trunk. After being berthed to the ISS, astronauts will unpack dozens of packages stored inside Cargo Dragon’s cabin. Sometime later, the station’s Canadarm2 will be used to grab OCO-3 and STP-H6 and install each on the outside of the space station, where they will hopefully live long and scientifically fruitful lives.
SpaceX and NASA have assigned a new Falcon 9 Block 5 booster – likely B1056 – to launch CRS-17. To preserve the scene of Crew Dragon C201’s April 20th explosion, the booster will attempt to land around 20 miles (32 km) offshore aboard drone ship Of Course I Still Love You (OCISLY). Originally scheduled for April 25th, CRS-17 was delayed to the 26th, 30th, 1st, and now May 3rd, most of which were requested by NASA for ISS scheduling purposes.
The latest delay – from May 1st to no earlier than (NET) May 3rd – was triggered by an unexpected electrical fault aboard the ISS, cutting the redundancy of its Canadarm2 (SSRMS) control systems from two strings to one. In other words, Canadarm2 – used to ‘grapple’ and berth spacecraft like Cargo Dragon and Cygnus to the station – is now just one electrical fault away from being rendered inoperable. CRS-17 will stay grounded until two-string (i.e. single fault) redundancy is returned to Canadarm2 and additional impacted systems.
In the event that ISS astronauts and NASA ground control are able to repair the electrical systems in a timely fashion, CRS-17 is scheduled to launch at 3:11 am EDT (07:11 UTC) on May 3rd.
In the shadow of Crew Dragon
A recent catastrophic failure of Crew Dragon (i.e. Dragon 2) raises serious questions about SpaceX’s follow-up CRS2 contract, but the nominal plan involves retiring Dragon 1 after CRS-20 and flying all future cargo missions with flight-proven Crew Dragon spacecraft. In the likely event that Crew Dragon C201’s failure delays SpaceX’s CRS2 schedule by several months, there are contingency plans to continue flying refurbished Dragon 1 spacecraft.
However, each Dragon 1 was designed for a maximum of three orbital missions, meaning that SpaceX’s current capsule fleet can support no more than six additional resupply missions before they reach the end of their usable lifespans. SpaceX thus has two potential buffer missions – CRS-21 and CRS-22 – that could theoretically account for up to a year of Dragon 2 delays. Beyond that, additional Dragon 2 delays could create a gap where NASA would have to supply the ISS without SpaceX’s services.
In a best-case scenario, SpaceX and NASA will quickly uncover an unequivocal culprit of C201’s catastrophic explosion, fix the technical and organizational failures that allowed it to happen, and be back on their feet in no time. In reality, it’s likely that the failure will delay future Crew Dragon (and thus Dragon 2) launches by a minimum of 6-12 months. SpaceX will likely need to change up the launch order of its capsules, reassigning DM-2’s Crew Dragon to the in-flight abort (IFA) test and the US Crew Vehicle 1 (USCV-1) Crew Dragon to SpaceX’s first crewed demonstration mission (DM-2). After such a serious and potentially fatal failure, it’s even possible that NASA will require an additional uncrewed orbital launch before permitting SpaceX to fly astronauts on Crew Dragon.
Given that SpaceX’s nominal CRS2 plan involved lightly modifying and reusing Dragon 2s after crewed missions, the future (and schedule) of the company’s Cargo and Crew contracts are intimately intertwined. With any luck, SpaceX and NASA will be able to solve the technical, organizational, and logistical problems now facing them and ensure a stable future for Dragon 2. In the meantime, Cargo Dragon’s CRS-17 mission offers SpaceX a chance to partially verify that Cargo Dragon C201’s issues are are relegated to Dragon 2 and Dragon 2 alone.
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Tesla (NASDAQ: TSLA) beat Wall Street expectations of 406,000 vehicles delivered in Q2 by reporting 480,126 deliveries for the three months ending in June.
Tesla reported it delivered 467,762Â Model 3 and Model Y units, while 12,364 Model S, Model X, and Cybertrucks switched hands during the quarter. The Model S and Model X were officially sunset this past quarter and will no longer be part of the company’s Production & Delivery reports moving forward.
🚨 BREAKING: Tesla delivered 480,126 vehicles in Q2, ANNIHILATING Wall Street expectations of 406,000. Production was reported at 451,758.
Deliveries:
Model 3/Y: 467,762
Other Models: 12,364Production:
Model 3/Y: 442,936
Other Models: 8,822 https://t.co/TTHwQAsKt8 pic.twitter.com/7qI4Zj6FE5— TESLARATI (@Teslarati) July 2, 2026
The quarter is a pleasant surprise and a good rebound from Q1, when Tesla slightly missed the Wall Street consensus of 365,645 cars by reporting 358,023 deliveries for the first three motnhs of the year.
Energy storage deployments also provided some strength in Tesla’s delivery report, hitting 13.5 GWh for Q2. This is a particular division of Tesla’s business that has been overwhelmingly robust over the past few years, truly being a strong point of the company’s overall model.
For the year, Tesla analysts still predict deliveries to trend in the 1.69 million unit region, a modest 3 to 5 percent increase from the 1.64 million cars the company delivered last year. Tesla will likely return to more sequential and noticeable year-over-year growth as the Cybercab project starts to ramp up considerably in the next few years.
Tesla has some other potential catalysts to spur vehicle deliveries, too. Not only is it expecting Cybercab to truly start making a change in the next few years, but other vehicles could be entering the company’s lineup.
Tesla sends production Cybercab with no steering wheel, pedals to on-road testing
The slightly longer Model Y L has been a highly speculated release candidate in the U.S. It has already done incredibly well in China, and U.S. buyers have been wanting slightly more interior space than the Model Y. Now that the Model X is gone, it is more needed than ever.
Q2 highlights a pretty stable automotive division within Tesla, and no true concerns arise from these figures, especially considering it managed to beat expectations convincingly.
Tesla CEO Elon Musk posted a photo of himself standing with the Optimus production team inside Tesla’s Fremont factory, arms crossed amid workers in hard hats and safety vests. The image captures a pivotal industrial shift: the same facility space once dedicated to building Tesla’s flagship Model S sedan and Model X SUV is now home to the company’s humanoid robot manufacturing line.
Walking the Optimus production line in Fremont pic.twitter.com/ABS0tuRibW
— Elon Musk (@elonmusk) July 1, 2026
Tesla’s Fremont Factory, acquired in 2010 from the former NUMMI joint venture between Toyota and GM, has been the company’s original U.S. manufacturing hub since Model S production began in 2012.
The Model X followed soon thereafter. These premium vehicles offered lower annual volumes, recently around 30,000 combined, compared to the high-volume Model 3 and Model Y lines that continue around the site. Over their combined run, the S and X accounted for roughly 610,000 units.
In late January 2026, during Tesla’s Q4 2025 earnings call, Elon Musk announced the end of Model S and Model X production in Q2 2026. The final vehicles rolled off the line in early May. Rather than retooling for another vehicle, Tesla chose to convert the dedicated S/X assembly area into a dedicated Optimus Gen 3 production line.
Model 3 and Y manufacturing remains unaffected. Tesla’s official Fremont Factory page now lists Optimus alongside the 3 and Y as core products.
The conversion was executed with remarkable speed. After production stopped, crews dismantled the existing vehicle line and installed entirely new modular equipment—including lines sourced from Germany and dozens of sub-lines for actuators, batteries, and other components—in roughly four months.
Musk described the timeline as “insanely fast,” noting it would be unprecedented for any other manufacturer. Initial Optimus output is expected to ramp slowly due to the robot’s roughly 10,000 unique parts and the brand-new production processes involved. The Fremont line targets an eventual capacity of 1 million Optimus units per year.
Tesla isn’t joking about building Optimus at an industrial scale: Here we go
Optimus Development Timeline
- August 19, 2021: Optimus (then called Tesla Bot) formally announced at Tesla’s first AI Day. A concept video showed a person in a suit demonstrating the vision for a general-purpose humanoid capable of dangerous, repetitive, or boring tasks using the same AI architecture as Full Self-Driving.
- 2022: Early prototypes displayed. At the second AI Day in September, semi-functional units demonstrated walking across a stage and basic arm movements
- 2023: September videos showed improved capabilities, including sorting colored blocks, precise limb awareness, and holding a Yoda pose.
- 2024-early 2025: Factory integration videos showed Optimus navigating workspaces and handling objects like battery cells.
- January 2026: Gen 3 mass-production activities began at Fremont, with reports of over 1,000 Gen 3 units already operating inside the factory for real-world learning and AI training
- April 2026: Musk confirms Optimus production on converted Fremont line would begin in late July or August 2026. The Gen 3 reveal, originally eyed for Q1, was pushed closer to production start. A second, much larger Optimus factory at Giga Texas is under construction, with volume production targeted for Summer 2027 and long-term capacity of 10 million units annually
- July 1, 2026: Musk’s on-site visit and team photo confirm the Optimus line is operational and the transition is actively progressing
Tesla positions Optimus as potentially its largest project ever, leveraging vertical integration, AI expertise, and car-like manufacturing know-how to scale humanoid robots first for its own factories and later for broader industrial and consumer use.
The Fremont conversion serves as a critical proving ground for this ambitious new chapter in Tesla’s already-rich history.
Investor's Corner
Tesla gets its latest short from Michael Burry: ‘Happy it jumped back to this level’
Tesla short seller Michael Burry, the subject of the film “The Big Short,” where he was portrayed by Steve Carell, has revealed he has opened a new bet against the stock.
In a new update to his Substack newsletter in a post titled “Trading Post June 30, 2026,” Burry revealed a new set of bets against Tesla, Caterpillar, NVIDIA, Applied Materials Inc., and the iShares Semiconductor ETF.
In regard to Tesla, Burry wrote:
“And finally I shorted Tesla at 416.22. Happy it jumped back to this level.”
This means Burry likely opened his new short position after the company’s recent rally on Wall Street, which saw Tesla shares sink in mid-May, only to recover to well over the $400 mark. Currently, shares trade at around $427.
The company saw a big Tuesday as shares climbed considerably, over 10 percent. The size of the Tesla short was not provided, nor did Burry give any information on the position’s structure, the number of shares, dollar value, or whether options were used in the short.
The Tesla and SpaceX merger everyone is talking about is quietly building
Over the years, Burry has been one of the more vocal critics of Tesla, calling its share price “media inflated,” and saying it was “ridiculously overvalued” as recently as December.
The company has largely transitioned away from being known as an automotive company and instead is much more widely regarded as an AI play, mostly due to its Full Self-Driving efforts, Optimus robot development, and data collection related to both.
This has not pulled those skeptics away from being vocal about their distaste for how Tesla is valued, but there’s no denying that the company is a global force in many things, including sustainable energy, automotive, and AI.
Tesla annihilates Wall Street expectations with strong Q2 delivery showing
Tesla Optimus project fires up as Musk sees production line progress
