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SpaceX’s Falcon Heavy tests continue in Texas, possible launch date revealed
After being tracked from Florida to Texas, a local observer near SpaceX’s McGregor, TX facilities spotted Falcon Heavy’s second side booster vertical on one of the area’s static fire test stands.
Posted to Facebook’s SpaceX group by Keith Wallace, a photo clearly shows the core’s distinctive nose cone, which takes the place of the interstage and improves the aerodynamic profile of the side boosters. The booster now on the stand in Texas is believed to be Core 1025, previously flown during the CRS-9 mission. The core has been modified significantly for its new role as a Falcon Heavy booster, largely in the form of strengthening structures, as well as the addition of the iconic nose cone and a connection interface that will allow it to attach to the center core.
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- Falcon Heavy’s refurbished side core, spotted 8/21/17 in Louisiana by an observant fan. (reddit /u/neauxgeaux)
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- Core 1025 spotted at SpaceX’s McGregor, TX facilities. (Facebook/Keith Wallace)
The other side booster, Core 1023, previously launched the Thaicom-8 geostationary communications satellite in 2016 and has since been refurbished, modified, and conducted two full duration static fires at the same facilities as 1025. The center core of Falcon Heavy was manufactured as a new vehicle in SpaceX’s Hawthorne, CA factory due to wide-ranging differences between its structure and the average Falcon 9 first stage.
Elon Musk made headlines when he put a significant damper on expectations for the Falcon Heavy’s inaugural launch, directly stating that he would deem the launch a success if it failed without destroying the launch pad. However, SpaceX President Gwynne Shotwell and Hans Koenigsmann, Vice President of Mission Assurance, both have made statements in the months since the conference indicating that SpaceX has considerably more confidence in the vehicle than Musk’s statements might suggest.
Musk talking about Falcon heavy at the ISS R&D conference (Teslarati/Eric Ralph)
Coincidentally, a day before side booster #2 was spotted in Texas, a member of the Facebook group toured Kennedy Space Center Visitor Complex and noticed a launch calendar that suggested an inaugural launch date of November 28, 2017 for Falcon Heavy. The Visitor Complex is not run by NASA, so this date ought to be taken with many, many grains of salt. Regardless, with the final side booster now actively undergoing static fire testing ahead of being shipped back to Florida, Falcon Heavy is closer than it has ever been to being truly ready for launch. Several other big tasks lie ahead of SpaceX in order to prepare for the inaugural launch, mainly involving the reactivation of the launch pad LC-40 and subsequent modifications to LC-39A. Time will tell if the 28th of November is to become a historic day for the company.
Meanwhile, SpaceX continues to tackle its launch manifest at a seemingly routine pace of one launch every 14 or so days. Ahead of a launch currently scheduled for next Thursday, September 7, SpaceX has conducted static fire of the Falcon 9 first stage, this time the company’s East Coast launch pad, LC-39A. If all goes well, SpaceX will have the honor of sending a reusable spaceplane into orbit aboard its partially reusable Falcon 9, making for a truly appropriate pairing of payload and launch vehicle.
Static fire test complete—targeting Falcon 9 launch of OTV-5 from Pad 39A at @NASAKennedy on Thursday, September 7.
— SpaceX (@SpaceX) August 31, 2017
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
