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SpaceX rocket sails into California port after interplanetary launch
The first SpaceX Falcon 9 booster to help launch a payload directly into interplanetary space has safely arrived at a California port.
On November 24th, Falcon 9 B1063 lifted off from SpaceX’s West Coast SLC-4E launch site for the second time in about a year, successfully sending an expendable upper stage and NASA’s Double Asteroid Redirection Test (DART) spacecraft on their way to interplanetary space. Aside from marking the first time SpaceX has sent a paying customer’s functional spacecraft beyond the gravity ‘well’ of the Earth-Moon system, SpaceX did so with a flight-proven Falcon booster – a first for NASA’s Launch Service Program (LSP).
For Falcon 9 B1063, it was also the first time the booster performed a landing and recovery in the Pacific Ocean, touching down on recently-relocated drone ship Of Course I Still Love You (OCISLY) about 650 km (~400 mi) southeast of the central California coast.
Towed behind tug Scorpius, Falcon 9 B1063 sailed into Port of Long Beach (adjacent to Port of Los Angeles) on drone ship OCISLY a brisk two and a half days after touchdown. SpaceX’s oldest and most storied drone ship, OCISLY supported 52 Falcon booster recovery attempts off the East Coast (45 successful) before the company chose to transfer the vessel to its West Coast recovery fleet. In its relatively old age, OCISLY is underpowered and relatively finicky to operate and maintain in comparison to newer ships Just Read The Instructions (JRTI) and A Shortfall of Gravitas (ASOG). That makes it a perfect fit for SpaceX’s California launch facilities, which are also relatively old and only capable of supporting one Falcon launch per month.
In comparison, JRTI and ASOG are designed to support at least one or two Falcon booster landings every two weeks, while SpaceX’s more modern LC-39A and LC-40 Florida pads have both supported two back-to-back Falcon 9 launches in ten days or less. On the other hand, SLC-4E’s record turnaround is 36 days – almost four times slower – and SpaceX’s best-case goal for the recently reactivated pad is to average one West Coast launch per month. Perhaps due to Starlink production shortages and/or issues with the new V1.5 satellite design, it’s looking increasingly unlikely that SpaceX will be able to get close to that pace in 2021.
There are still some reasons for optimism, though. Even if SpaceX were to ‘merely’ tie its previous 36-day Vandenberg turnaround record, that would technically preserve the possibility of a launch on December 30th or 31st. More importantly, photos from NASA’s DART launch campaign recently revealed that SpaceX already has an entire second Falcon 9 rocket fully integrated (sans payload) inside its SLC-4E hangar. That rocket – Falcon 9 booster B1051 with a new upper stage already installed – was originally scheduled to launch Starlink 2-3 (polar-orbiting laser-linked satellites) on October 17th.
Several weeks of delays – most likely involving the mission’s Starlink payload – precluded an October launch and ultimately pushed the launch to December once it came within four or five weeks of NASA’s DART mission, which took priority. With any luck, SpaceX has fixed whatever issues grounded the mission in the last six weeks, potentially enabling a West Coast Starlink launch just one month after DART – around the last full week of December.
Tesla stock (NASDAQ: TSLA) closed at an all-time high on Tuesday, jumping over 3 percent during the day and finishing at $489.88.
The price beats the previous record close, which was $479.86.
Shares have had a crazy year, dipping more than 40 percent from the start of the year. The stock then started to recover once again around late April, when its price started to climb back up from the low $200 level.
This week, Tesla started to climb toward its highest levels ever, as it was revealed on Sunday that the company was testing driverless Robotaxis in Austin. The spike in value pushed the company’s valuation to $1.63 trillion.
Tesla Robotaxi goes driverless as Musk confirms Safety Monitor removal testing
It is the seventh-most valuable company on the market currently, trailing Nvidia, Apple, Alphabet (Google), Microsoft, Amazon, and Meta.
Shares closed up $14.57 today, up over 3 percent.
The stock has gone through a lot this year, as previously mentioned. Shares tumbled in Q1 due to CEO Elon Musk’s involvement with the Department of Government Efficiency (DOGE), which pulled his attention away from his companies and left a major overhang on their valuations.
However, things started to rebound halfway through the year, and as the government started to phase out the $7,500 tax credit, demand spiked as consumers tried to take advantage of it.
Q3 deliveries were the highest in company history, and Tesla responded to the loss of the tax credit with the launch of the Model 3 and Model Y Standard.
Additionally, analysts have announced high expectations this week for the company on Wall Street as Robotaxi continues to be the focus. With autonomy within Tesla’s sights, things are moving in the direction of Robotaxi being a major catalyst for growth on the Street in the coming year.
Elon Musk
Tesla needs to come through on this one Robotaxi metric, analyst says
“We think the key focus from here will be how fast Tesla can scale driverless operations (including if Tesla’s approach to software/hardware allows it to scale significantly faster than competitors, as the company has argued), and on profitability.”
Tesla needs to come through on this one Robotaxi metric, Mark Delaney of Goldman Sachs says.
Tesla is in the process of rolling out its Robotaxi platform to areas outside of Austin and the California Bay Area. It has plans to launch in five additional cities, including Houston, Dallas, Miami, Las Vegas, and Phoenix.
However, the company’s expansion is not what the focus needs to be, according to Delaney. It’s the speed of deployment.
The analyst said:
“We think the key focus from here will be how fast Tesla can scale driverless operations (including if Tesla’s approach to software/hardware allows it to scale significantly faster than competitors, as the company has argued), and on profitability.”
Profitability will come as the Robotaxi fleet expands. Making that money will be dependent on when Tesla can initiate rides in more areas, giving more customers access to the program.
There are some additional things that the company needs to make happen ahead of the major Robotaxi expansion, one of those things is launching driverless rides in Austin, the first city in which it launched the program.
This week, Tesla started testing driverless Robotaxi rides in Austin, as two different Model Y units were spotted with no occupants, a huge step in the company’s plans for the ride-sharing platform.
Tesla Robotaxi goes driverless as Musk confirms Safety Monitor removal testing
CEO Elon Musk has been hoping to remove Safety Monitors from Robotaxis in Austin for several months, first mentioning the plan to have them out by the end of 2025 in September. He confirmed on Sunday that Tesla had officially removed vehicle occupants and started testing truly unsupervised rides.
Although Safety Monitors in Austin have been sitting in the passenger’s seat, they have still had the ability to override things in case of an emergency. After all, the ultimate goal was safety and avoiding any accidents or injuries.
Goldman Sachs reiterated its ‘Neutral’ rating and its $400 price target. Delaney said, “Tesla is making progress with its autonomous technology,” and recent developments make it evident that this is true.
Investor's Corner
Tesla gets bold Robotaxi prediction from Wall Street firm
Last week, Andrew Percoco took over Tesla analysis for Morgan Stanley from Adam Jonas, who covered the stock for years. Percoco seems to be less optimistic and bullish on Tesla shares, while still being fair and balanced in his analysis.
Tesla (NASDAQ: TSLA) received a bold Robotaxi prediction from Morgan Stanley, which anticipates a dramatic increase in the size of the company’s autonomous ride-hailing suite in the coming years.
Last week, Andrew Percoco took over Tesla analysis for Morgan Stanley from Adam Jonas, who covered the stock for years. Percoco seems to be less optimistic and bullish on Tesla shares, while still being fair and balanced in his analysis.
Percoco dug into the Robotaxi fleet and its expansion in the coming years in his latest note, released on Tuesday. The firm expects Tesla to increase the Robotaxi fleet size to 1,000 vehicles in 2026. However, that’s small-scale compared to what they expect from Tesla in a decade.
Tesla expands Robotaxi app access once again, this time on a global scale
By 2035, Morgan Stanley believes there will be one million Robotaxis on the road across multiple cities, a major jump and a considerable fleet size. We assume this means the fleet of vehicles Tesla will operate internally, and not including passenger-owned vehicles that could be added through software updates.
He also listed three specific catalysts that investors should pay attention to, as these will represent the company being on track to achieve its Robotaxi dreams:
- Opening Robotaxi to the public without a Safety Monitor. Timing is unclear, but it appears that Tesla is getting closer by the day.
- Improvement in safety metrics without the Safety Monitor. Tesla’s ability to improve its safety metrics as it scales miles driven without the Safety Monitor is imperative as it looks to scale in new states and cities in 2026.
- Cybercab start of production, targeted for April 2026. Tesla’s Cybercab is a purpose-built vehicle (no steering wheel or pedals, only two seats) that is expected to be produced through its state-of-the-art unboxed manufacturing process, offering further cost reductions and thus accelerating adoption over time.
Robotaxi stands to be one of Tesla’s most significant revenue contributors, especially as the company plans to continue expanding its ride-hailing service across the world in the coming years.
Its current deployment strategy is controlled and conservative to avoid any drastic and potentially program-ruining incidents.
So far, the program, which is active in Austin and the California Bay Area, has been widely successful.
Tesla stock closes at all-time high on heels of Robotaxi progress
Tesla needs to come through on this one Robotaxi metric, analyst says
