After an unusual cadence downtick in the third quarter of the year, SpaceX looks set to round out the last several weeks of 2021 with a burst of Falcon 9 launches from all three of its East and West Coast pads.
NASA confirmed in a November 22nd briefing that the rocket is in perfect condition and that weather conditions will be 90% favorable for Falcon 9’s Double Asteroid Redirection Test (DART) launch on Tuesday, November 23rd. On the opposite coast, SpaceX completed recovery operations for a back-to-back-to-back Crew Dragon splashdown, Crew Dragon launch, and Starlink launch; returning a Dragon, two well-worn Falcon 9 boosters, and a payload fairing to port between November 13th and 18th.
That’s left SpaceX’s East Coast recovery fleet and team about 10 days to prefer for a busy December of (potentially) even more Falcon launches and landings.
Following DART on November 23rd or 24th, SpaceX has scheduled its 16th Starlink launch of the year – cryptically deemed “Starlink 4-3” – no earlier than (NET) 6:20 pm EST (23:20 UTC), Wednesday, December 1st. Carrying another 15-ton (~33,000 lb) batch of 53 laser-linked Starlink V1.5 satellites, an unknown flight-proven Falcon 9 booster (potentially B1049, B0152, B1053, B1060, B1061, B1063, B1067, or even the just-launched B1058) will send the spacecraft on their way to space from SpaceX’s Cape Canaveral LC-40 pad just 18 days after its last Starlink mission.
Up next, incorrectly surmised to be destined for Starlink 4-1 when it was spotted in transport on November 4th, Falcon 9 B1062 will likely support the launch of NASA’s tiny Imaging X-ray Polarimetry Explorer (IXPE) spacecraft from Kennedy Space Center Pad 39A. Set to be the booster’s fourth payload in 12 months, Falcon 9 is scheduled to launch the minuscule ~300 kg (~650 lb) observatory to low Earth orbit no earlier than (NET) 1am EST (06:00 UTC), Thursday, December 9th. Unless there are surprise copassengers, it will be the smallest dedicated payload ever launched by Falcon 9, beating out NASA’s 362 kg (798 lb) TESS exoplanet observatory. The booster will likely return to Cape Canaveral for a touchdown at a SpaceX Landing Zone (LZ).
Up next, another mystery Falcon booster is scheduled to launch the second of a new pair of Turkish geostationary (GEO) communications satellites NET 10:58 pm EST, December 18th (03:58 UTC 19 Dec) from LC-40. The 4500 kg (~10,000 lb) Turksat 5B satellite will ultimately join its 5A twin on orbit and support a variety of communications needs.
On the East Coast, barring major delays or an out-of-the-blue Starlink mission, SpaceX’s last launch of the year will be Cargo Dragon 2’s CRS-24 space station resupply run, which is currently set to launch at 5:06 am EST (10:06 UTC) on December 21st (delayed from December 4th).
Finally, CEO Elon Musk expects SpaceX to launch at least one more Starlink mission (on top of Starlink 4-3) before the end of 2021. Based solely on pad turnaround timing, the most likely time for that mission is in the last week or two of December – about a month after DART if on the West Coast or 10-12 days after Turksat 5B on the East Coast. If all goes to plan, Falcon 9 will end the year having just completed its 30th orbital launch of 2021.
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
