Teams have rolled a Falcon 9 out of its integration hangar and raised the rocket vertical at Kennedy Space Center (KSC) Pad 39A ahead of the first of dozens of SpaceX launches scheduled in 2022.
In fact, evidence suggests that the mission – known as Starlink 4-5 and scheduled to lift off no earlier than (NET) 4:49 pm EST (21:49 UTC), Thursday, January 6th – could be the first of up to five East Coast Falcon 9 launches planned in just first month of 2022. A step further, at least one recent job post offers even more support for the growing implication that SpaceX is striving to make 2022 its most prolific year yet.
Namely, in a fairing integration engineer job posting published on January 5th, 2022, SpaceX says it’s working “to execute upwards of 55 launches per year” – the first time outside of environmental review documentation that the company has explicitly targeted 50+ launches in one year. The closest SpaceX has gotten was an October 2020 tweet from CEO Elon Musk implying that the company was targeting 48 launches in 2021, a milestone the company was actually on track to beat before Starlink satellite production fell off a cliff in the second half of the year.
Prior to SpaceX’s tortured attempt to smoothly transition from Starlink V1.0 to V1.5 satellite production, which was initially expected to take just 2-3 months but ultimately took half a year, the company completed 26 successful orbital launches in the first six months of 2021. Had it repeated the feat in the second half of the year, it could have feasibly completed 52 launches – an average of one per week. A chaotic semiconductor market and the inherent difficulty of new product introduction had different ideas, ultimately allowing SpaceX to launch a record 31 times last year.
In 2022, however, things are different. As previously discussed on Teslarati, the single most important difference is the fact that SpaceX appears to have as many as 40 commercial (non-Starlink) missions tentatively scheduled to launch this year. As is the norm, a large minority of those missions could easily slip into 2023, but the fact remains that SpaceX will likely be able to beat its 2021 launch record without a single Starlink mission.
Simultaneously, there is zero chance SpaceX will artificially throttle Starlink launches if it can avoid it, and the three successful Starlink V1.5 launches the company completed in five weeks late last year implies that satellite production has almost fully recovered from its midyear stoppage. If SpaceX can sustain that average of ~150 spacecraft every 5 weeks, satellite production could support 30 or more launches in 2022.
SpaceX has assigned relatively new Falcon 9 booster B1062 – responsible for launching two GPS satellites and the Inspiration4 private astronaut mission – to launch Starlink 4-5. If successful, 7 of SpaceX’s fleet of 8 active, flight-proven Falcon 9 boosters will have launched at least once in the last six weeks. Tune in below around 4:35 pm EST (21:35 UTC) to catch Falcon 9 B1062’s fourth launch and landing attempt and SpaceX’s first launch of 2022 live.
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
