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SpaceX Hyperloop Competition: Top 3 teams duke it out for fastest pod
Hawthorne councilmembers, members of the California Assembly, and Hawthorne Mayor Alex Vargas were in attendance at the headquarters of SpaceX and The Boring Company for their jointly-hosted Hyperloop Competition 2.
The second such Hyperloop competition sponsored by Elon Musk, the eight months that separated them were filled to the brim with press coverage of The Boring Company (TBC), which has begun to seriously develop an experimental tunnel beneath a central street in Hawthorne, CA. Most intriguingly, TBC publicly acknowledged that it is now pursuing the development of its own form of Hyperloop technology, originally developed and released as a white paper by Elon Musk, albeit with tunnels rather than above-ground vacuum tube constructs.
Update: Watch Elon Musk award this team for having the fastest Hyperloop pod at 202 mph
The second competition was focused on one goal, above all others: top speed. The final three teams chosen for testing in SpaceX’s mile-long vacuum tube were as international as ever. Paradigm Hyperloop, a continuation of the Openloop team from Competition 1, is composed of 26 students from the northeastern U.S. and Canada, designed a pod that made use of air bearings to levitate and was intended to travel as fast as 200 mph through SpaceX’s test track. While not yet officially confirmed, a livestream suggested that their pod reached a maximum speed of approximately 100 km/h or 62 mph. While nowhere near its purported top speed, a member of Paradigm Hyperloop said that the team’s pod “levitated perfectly” and that the test generally went great. Their pod was one of the largest, weighing in at almost a metric ton.
SwissLoop, a team of 40 or so students from Swiss university ETH Zurich, developed a pod that levitated with permanent magnets and was propelled by compressed air, sort of like a rocket. SwissLoop’s SpaceX adviser, a mechanical engineer focused on reusing Falcon 9s on normal days, praised the group’s engineering and construction of the pod during a livestream on Facebook. SwissLoop experienced some technical difficulties while Musk waiting to provide the countdown in Swiss German, and he quipped about connectivity issues that the team was having with their pod. Musk later announced that due to those technical difficulties, SwissLoop’s pod would be removed for troubleshooting and WARR Hyperloop would conduct the second live test.
Pod problem. Developing futuristic transport isn't quick. #Hyperloop pic.twitter.com/QJAngYvCbP
— Jack Stewart (@stewart_jack) August 27, 2017
WARR Hyperloop, the victors of the first Competition, prepared their Pod ii to be tested on Sunday afternoon. One of the smallest pods at only 190 lb, the vehicle was intended to have a top speed of approximately 225 mph – a speed it was reported to be capable of reaching in 12 seconds. Designed by students from the Technical University of Munich, the pod was propelled with a 50 kW electric motor connected to polyurethane wheels. While the method of levitation was not specified, it is understood to be a system of permanent magnets similar to SwissLoop’s implementation. WARR is a German organization and stands for Scientific Workgroup for Rocketry and Spaceflight in English.
Elon Musk somewhat controversially revealed that The Boring Company had received “verbal approval” for an underground Hyperloop between Washington D.C. and New York City, appearing to acknowledge some form of back-room deal with the federal government. He later clarified in a series of tweets and replies that the approval was extremely preliminary and unofficial and that The Boring Company was hard at work beginning to form relationships with the numerous municipalities that would be involved along the proposed route. The several Hyperloop-related companies that formed following Musk’s white paper have been reluctant to make room for a new, Musk-headed competitor in the ring, but The Boring Company is aggressively pushing ahead with their demonstration tunnel in Hawthorne, CA and has successfully applied for the initial permits that will be required.
Mirroring Elon’s typically positive opinion of competition, he bid Hyperloop One and all other companies trying to revolutionize transportation the best of luck during Competition 2. Competition 2 is guaranteed to provide SpaceX and The Boring Company an inside glance at some of the best emerging engineering talent. Hosting the competition is quite possibly the most suave and effective method of recruitment one can readily imagine, with all promising teams generally being given private tours of both The Boring Company and SpaceX facilities.
I hope they and any others trying to advance transport technology succeed
— Elon Musk (@elonmusk) August 27, 2017
Meanwhile, stay tuned for the two max speed pod tests to come later this afternoon. There is no live coverage from SpaceX itself, but SwissLoop has been kind enough to livestream several of the main events on their Facebook page. You can also follow a live Facebook stream here. Follow along live there and check back at Teslarati for coverage of the events!
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
