News
SpaceX’s Elon Musk: odds of Starship reaching orbit by 2020 are “rising rapidly”
SpaceX CEO Elon Musk has suggested that the company’s newly revamped Starship and Super Heavy rocket (previously known as BFR) could perform its first integrated launches – placing Starship into orbit – as few as 12-24 months from today.
Musk indicated that the odds of Starship reaching orbit as early as 2020 are now as high as “60% [and] rising rapidly”, thanks in no small part to the flurry of radical changes the spacecraft and booster have both undergone over the course of 2018.
Probability at 60% & rising rapidly due to new architecture
— Elon Musk (@elonmusk) December 27, 2018
Combined with a decision – made public at a September 2018 media event – to delay the debut of a vacuum-optimized upper stage Raptor (RVac) and stick with its mature sea level variant, Musk apparently is quite confident that these dramatic shifts in strategy will allow SpaceX to aggressively slash the development schedules of its next-gen launch vehicle. Intriguingly, Musk noted that while these “radical” design changes were almost entirely motivated by his desire to expedite the fully-reusable rocket’s operational debut, it apparently became clear that the cheaper, faster, and easier iteration could actually end up being (in Musk’s own words) “dramatically better” than its exotic carbon-composite progenitor.
Time. Although it also turned out to be dramatically better.
— Elon Musk (@elonmusk) December 27, 2018
“Delightfully counter-intuitive”
Let there be little doubt – I am still immensely skeptical of this radical redesign and the implausible logistics of conducting said redesign at the last second while somehow maintaining the test schedule, let alone expediting it by 6-9 months. Despite the fact that Musk does seem to have a compellingly rational answer to every question thus far asked, he was no less convincing in mid-2016 when he stated with contagious conviction that Tesla’s Fremont factory would be an almost 100%-automated “alien dreadnought” as early as 2018. There is, of course, nothing wrong per se with being wrong, although taking 24 months and several hundred million dollars to realize as much can be downright fatal or at least a major health risk for any given company that faces such a challenge, as was the case with Tesla.
Skepticism aside, there are equally many reasons to be optimistic about the future of SpaceX’s Starship/Super Heavy (BFR) program over the next several years. Not only do metal hot structures have a proven track record of success (admittedly in the 1960s and for suborbital conditions, but still), but the century and a half humans have been making and building with steel serves to aggressively reduce risk in BFR’s development, whereas a giant, highly-reusable spaceship and rocket built mainly out of carbon composites is about as exotic, challenging, and alien as one could muster. One step further, Musk appears to be dead-set on the trade that the benefits of moving from composite to stainless steel far, far outweigh the costs.
-
- BFS/Starship shows off some of its heat shield. SpaceX may be looking into an advanced NASA solution for BFR’s thermal protection system. (SpaceX)
-
- Starship is shown here reentering Mars’ atmosphere at high speeds (SpaceX)
-
- Starship – in its 2018 design iteration – seen landing on Mars atop pillars of Raptor flame. (SpaceX)
-
- SpaceX CEO Elon Musk visited the South Texas site where Starship’s first prototype is being built on December 23rd. (Elon Musk)
-
- Starship… or BFWTF? 🙂 (NASASpaceflight /u/bocachicagal)
Most notably, Musk’s implication that a steel alloy skin – albeit with regenerative (i.e. liquid) cooling – could genuinely stand in for SpaceX’s ablative PICA-X heat shield technology on Starship was the most unintuitive but logical shift yet. Although steel alloys may literally have densities that are significantly higher than carbon composites, composites simply cannot (at least in the current state of the art) withstand high temperatures like those that Starship would inevitably experience during orbital and interplanetary reentries. As a result, Starship would need an extremely advanced heat shield technology that is minimally ablative, extremely lightweight, robust, and shock-resistant, not to mention an additional layer capable of mounting it to Starship’s composite hull while also insulating the propellant tanks and structure from the extreme heat of reentry.
Leeward side needs nothing, windward side will be activity cooled with residual (cryo) liquid methane, so will appear liquid silver even on hot side
— Elon Musk (@elonmusk) December 25, 2018
Steel, on the other hand, is one of the least thermally conductive metals available, while also featuring alloys with melting points that can approach and even surpass 1500 degrees C. With regenerative cooling, it’s entirely possible that a hot steel shield and fusion of propellant tanks and load-bearing structures could ultimately result in a spaceship far more reusable, reliable, and perhaps even performant that a spaceship relying on exotic heat shield materials and linerless carbon composite propellant tanks.
Perhaps BFR Block 2 or 3 will make room for dramatically improved composite formulations and production methods down the road, but advanced steel and other metal alloys appear to be the way forward for SpaceX for the time being. For now, we can sit, watch, and wait as something comes together at the company’s South Texas test and launch facilities.
For prompt updates, on-the-ground perspectives, and unique glimpses of SpaceX’s rocket recovery fleet check out our brand new LaunchPad and LandingZone newsletters!
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
