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SpaceX Falcon 9 booster returns to port on a drone ship for the first time in six months
On November 15th, Falcon 9 booster B1048 returned to port aboard a SpaceX drone ship, the first such return in almost half a year. With that arrival, SpaceX also completed a critical Falcon 9 Block 5 reusability milestone, paving the way for B1048 to continue setting records.
On November 11th, Falcon 9 B1048 made history when it lifted off with 60 Starlink v1.0 satellites, becoming the first rocket booster to launch four separate orbital-class missions. Approximately eight and a half minutes later, B1048 also become the first orbital-class rocket booster to land after its fourth successful launch, setting the vehicle up to be SpaceX’s path leader for future nth-reuse milestones, starting with the first 5th flight in the near future.
Starlink v1.0’s November 11th launch effectively marked the start of SpaceX’s operational satellite constellation deployment, every mission of which will be an opportunity for the company to test new reusability firsts and reduce the risk before certain flight-proven hardware is offered to commercial customers. Company executives have recently indicated that SpaceX hopes to launch as many as 24 Starlink missions – each carrying ~60 satellites – in 2020, giving SpaceX a huge number of opportunities to push the envelope of booster and fairing reusability.
On the ~650 km (340 mi) trip back to Port Canaveral from drone ship Of Course I Still Love You’s (OCISLY) Atlantic Ocean recovery position, the ship – towed by tug Hawk – was forced to briefly divert northwest to escape high seas, but Falcon 9 B1048 was secured by the drone ship’s Octagrabber robot, preventing it from suffering a fate similar to Falcon Heavy booster B1055. By all appearances, the thrice-reused Falcon 9 booster survived the weather and swells unscathed, even as OCISLY itself was visibly banged around, damaging a generator and antenna.
After OCISLY and B1048 arrived in Port Canaveral on the 15th, SpaceX recovery technicians quickly craned the booster off of the drone ship, placing it on the company’s dockside rocket-processing stand. It appears that SpaceX intends to retract B1048’s four carbon fiber landing legs, potentially in a bid to rapidly turn the booster around for a second Starlink v1.0 mission before the end of 2019.
B1048.4’s in-port recovery operations also marked the first time SpaceX has used Port Canaveral’s brand new mobile crane, delivered to the port in January 2019.
While B1048 has become the first Falcon 9 booster to launch four orbital-class missions, SpaceX has another two thrice-flown flightworthy boosters (B1046 and B1049), the former of which is preparing for its own fourth launch as early as December 2019. B1046 is assigned to Crew Dragon’s In-Flight Abort test, a mission that will almost certainly destroy the booster and its inert upper stage when Crew Dragon attempts to escape the rocket while traveling at supersonic speeds. B1049 could support another Starlink mission or the commercial debut of a thrice-flown SpaceX booster and is likely already set for flight after it completed its third launch nearly six months ago.
Coincidentally, B1048’s Nov. 15 port return was SpaceX’s first drone ship recovery since B1049’s third launch and landing, which saw that booster arrive in port in late May 2019. That nearly six-month gap is one of the longest SpaceX has gone without an ocean recovery since Falcon 9’s first successful drone ship landing in April 2016. With any luck, Starlink will ensure that a similar lull is just shy of impossible until Starship takes over and Falcon 9/Heavy is fully retired, likely a solid half a decade away.
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Update: 10/22 10:51a – Para 1 consumers changed to “customers” for accuracy.
Tesla Cybercab units finally got a definitive date for when they will be able to be purchased by customers, 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
