News
SpaceX will host Hyperloop Pod Competition next week, Jan 27-29, 2017
Get ready to see Hyperloop concept pods fire through the 1-mile test track located outside of SpaceX and Tesla’s Design Studio in Hawthorne, California, next week between January 27-29. Elon Musk and SpaceX first unveiled the idea for a new high-speed ground transport system called the Hyperloop on August 12, 2013 with the publication of a white paper, the Hyperloop Alpha Preliminary Design Study. SpaceX’s sponsored Hyperloop Pod Competition is an incentive prize competition created to inspire university students and independent engineering teams to design and build a subscale prototype transport vehicle (a “Hyperloop pod”) that will demonstrate technical feasibility of various aspects of the high speed transportation concept. To support this competition, SpaceX has constructed a test track outside of its headquarters which we had the opportunity to see during early construction last year.
There are three judging phases in the Hyperloop Pod competition: a design competition that was held in January 2016 and an on-track competition to be held January 27–29, 2017 (Competition Weekend I), followed by a Summer 2017 (Competition Weekend II). The original specification for the Competition Basic for the Design Weekend and the competition Weekend I, though no longer available at SpaceX, can still be found online.
DESIGN WEEKEND
The Design weekend was held in January 2016 at Texas A&M University. Awards were given in three categories:
SUBSYSTEM
Best Overall Subsystem Award: Auburn University | Auburn University Hyperloop Team.
DESIGN ONLY
Top Design Concept Award: Universitat Politècnica de Valencia | Makers UPV Team
DESIGN AND BUILD CATEGORY OVERALL
Massachusetts Institute of Technology | MIT Hyperloop Team
MIT Hyperloop Team’s design was awarded the “Best Overall Design Award”, among the 23 designs selected to move to the prototype stage. The design proposes a 250 kg (551 lb) pod with a carbon fiber and polycarbonate sheet exterior. It is elevated by a passive magnetic levitation system comprising 20 neodymium magnets that will maintain a 15 mm (0.6 in) distance above the track. The team says with air pressure at 140 Pascals, the pod could accelerate at 2.4 G and have 2 Newton aerodynamic drag when traveling at 110 m/s. The design includes a fail-safe braking system that automatically halts the pod should the actuators or computers fail, and low speed emergency drive wheels that can move the pod 1 m/s. Delft Hyperloop received a “Pod Innovation Award”, while Badgerloop at University of Wisconsin, Madison, Hyperloop at Virginia Tech, and HyperXite at UC Irvine each received a “Pod Technical Excellence Award.” The full list of Awards and news clips from the Design Weekend can be found at the Texas A&M University Engineering web site. Besides the winning teams, several other teams were invited to compete in the upcoming Competition Weekend I from the Design and Build category:
- rLoop (Non-student team)
- University of Waterloo | uWaterloo Hyperloop
- University of Washington | UWashington Hyperloop
- University of Toronto | University of Toronto
- University of Maryland and Rutgers University | RUMD Loop
- University of Florida | GatorLoop
- University of of Colorado, Denver | Team HyperLynx
- University of Cincinnati | Hyperloop UC
- University of California, Santa Barbara | UCSB Hyperloop
- University of California, Berkeley | bLoop
- Texas A&M University | TAMU Aerospace Hyperloop
- Technical University of Munich | WARR Hyperloop
- Purdue University | Purdue Hyperloop Design Team
- Oral Roberts University | Codex
- Lehigh University | Lehigh Hyperloop
- Keio University | Keio Alpha
- Drexel University | Drexel Hyperloop
- Carnegie Mellon University | Carnegie Mellon Hyperloop
In February 3, 2016 eight more teams advanced to Competition Weekend I.
- Cornell University + Harvey Mudd College + University of Michigan + Northeastern University + Memorial University of Newfoundland(Canada) + Princeton University | OpenLoop
- Louisiana State University | Bayou Bengals
- New York University | NYU Hyperloop
- RMIT University | VicHyper
- John’s High School | HyperLift
- University of Illinois at Urbana-Champaign | Illini Hyperloop
- University of Southern California | USC Hyperloop
- University of Wisconsin, Milwaukee | Mercury Three
In the end, 30 of the 115 teams that submitted designs in January 2016 were selected to build hardware to compete in Competition Weekend I. There were more than 1,000 applicants at earlier stages of the competition.
JUDGING CRITERIA
Originally, the second Phase of the competition was supposed to involve competitive runs in the Hyperloop test track to be awarded based on various classes (fully functional pod, susbsystem test pod, etc.) and pod mass. This phase of the competition was renamed“Competition Weekend I,” when SpaceX added a third phase of the competition, Competition Weekend II. The original SpaceX Hyperloop Pod Competition – Rules and Requirements for Weekend I can be seen at the end of this article. We’ve embedded a copy of the original document from SpaceX.
The Judging Criteria are listed in the document, and involve scoring in 4 different categories, for a maximum overall total of 2500 points.
- Category 1: Final Design and Construction (500 points)
- Category 2: Safety and Reliability (500 points)
- Category 3: Performance in Operations (500 points)
- Category 4: Performance in Flight (1000 points)
Competition Weekend I Judging Criteria – Source: SpaceX
HYPERLOOP TEST TRACK
AECOM, a company that has designed and built some of the world’s most impressive transportation systems, was selected to design and build the world’s first Hyperloop test track as part of the pod competition hosted by SpaceX
SpaceX Hyperloop Test Track (Jan.7, 2017) [Source: Teslarati via Marco Papa]
The track is a straight one-mile run on Jack Northrop Avenue, between Crenshaw Blvd. and Prairie Ave. The SpaceX Hyperloop test track — or Hypertube — was designed in 2015 and was constructed in the fall 2016, reaching its full length of one mile by October 2016. The test track’s six-foot diameter steel tube includes a non-magnetic sub-track and said to be capable of achieving 99.8 percent vacuum. The test track itself is also a prototype, where SpaceX anticipates learning from the design, build process and evaluates how to apply automated construction techniques to future Hyperloop tracks.
The Hypertube test track is designed to enable competitors who implement a wide array of designs and build pods that will test a variety of subsystem technologies that are important to new vehicle transport systems. This will include Hyperloop-specific pods—with air-bearing suspension and low-pressure compressor designs—as well as wheeled vehicle and magnetic levitation rail designs that will support a wide array of vehicle technologies to be tested. While the Design Weekend held at Texas A&M University was open to the public, it is unclear if the Competition Weekend I will be as well, or if it will be an invitation only event like many of the SpaceX and Tesla events. Several inquiries for tickets posted to the Twitter account of the Hyperloop Pod Competition went unanswered. The Official SpaceX Hyperloop Pod Competition page does not shed any light on who will be able to attend either.
HYPERLOOP POD COMPETITION II
According to SpaceX, “based on the high-quality submissions and overwhelming enthusiasm surrounding the competition, SpaceX is moving forward with a second installment of the competition: Hyperloop Pod Competition II, which will culminate in a second competition in Summer 2017 at SpaceX’s Hyperloop test track. Hyperloop Competition II will be focused on a single criterion: maximum speed. The second competition is open to new student teams interested in competing on the test track, as well as to existing student teams who have already built and tested Pods to further refine their designs.” The Competition Weekend II event will be held in the Summer 2017 at the same SpaceX Hyperloop test track.
[pdf-embedder url=”http://www.teslarati.com/wp-content/uploads/2017/01/spacex-hyperloop-competition-rules.pdf”]
Investor's Corner
Tesla (TSLA) Q4 and FY 2025 earnings call: The most important points
Executives, including CEO Elon Musk, discussed how the company is positioning itself for growth across vehicles, energy, AI, and robotics despite near-term pressures from tariffs, pricing, and macro conditions.
Tesla’s (NASDAQ:TSLA) Q4 and FY 2025 earnings call highlighted improving margins, record energy performance, expanding autonomy efforts, and a sharp acceleration in AI and robotics investments.
Executives, including CEO Elon Musk, discussed how the company is positioning itself for growth across vehicles, energy, AI, and robotics despite near-term pressures from tariffs, pricing, and macro conditions.
Key takeaways
Tesla reported sequential improvement in automotive gross margins excluding regulatory credits, rising from 15.4% to 17.9%, supported by favorable regional mix effects despite a 16% decline in deliveries. Total gross margin exceeded 20.1%, the highest level in more than two years, even with lower fixed-cost absorption and tariff impacts.
The energy business delivered standout results, with revenue reaching nearly $12.8 billion, up 26.6% year over year. Energy gross profit hit a new quarterly record, driven by strong global demand and high deployments of MegaPack and Powerwall across all regions, as noted in a report from The Motley Fool.
Tesla also stated that paid Full Self-Driving customers have climbed to nearly 1.1 million worldwide, with about 70% having purchased FSD outright. The company has now fully transitioned FSD to a subscription-based sales model, which should create a short-term margin headwind for automotive results.
Free cash flow totaled $1.4 billion for the quarter. Operating expenses rose by $500 million sequentially as well.
Production shifts, robotics, and AI investment
Musk further confirmed that Model S and Model X production is expected to wind down next quarter, and plans are underway to convert Fremont’s S/X line into an Optimus robot factory with a capacity of one million units.
Tesla’s Robotaxi fleet has surpassed 500 vehicles, operating across the Bay Area and Austin, with Musk noting a rapid monthly expansion pace. He also reiterated that CyberCab production is expected to begin in April, following a slow initial S-curve ramp before scaling beyond other vehicle programs.
Looking ahead, Tesla expects its capital expenditures to exceed $20 billion next year, thanks to the company’s operations across its six factories, the expansion of its fleet expansion, and the ramp of its AI compute. Additional investments in AI chips, compute infrastructure, and future in-house semiconductor manufacturing were discussed but are not included in the company’s current CapEx guidance.
More importantly, Tesla ended the year with a larger backlog than in recent years. This is supported by record deliveries in smaller international markets and stronger demand across APAC and EMEA. Energy backlog remains strong globally as well, though Tesla cautioned that margin pressure could emerge from competition, policy uncertainty, and tariffs.
Tesla is bringing closure to its flagship Model S and Model X vehicles, which CEO Elon Musk said several years ago were only produced for “sentimental reasons.”
The Model S and Model X have been light contributors to Tesla’s delivery growth over the past few years, commonly contributing only a few percentage points toward the over 1.7 million cars the company has handed over to customers annually since 2022.
However, the Model S and Model X have remained in production because of their high-end performance and flagship status; they are truly two vehicles that are premium offerings and do not hold major weight toward Tesla’s future goals.
On Wednesday, during the Q4 2025 Earnings Call, Musk confirmed that Tesla would bring closure to the two models, ending their production and making way for the manufacturing efforts of the Optimus robot:
“It is time to bring the Model S and Model X programs to an end with an honorable discharge. It is time to bring the S/X programs to an end. It’s part of our overall shift to an autonomous future.”
Musk said the production lines that Tesla has for the Model S and Model X at the Fremont Factory in Northern California will be transitioned to Optimus production lines that will produce one million units per year.
Tesla Fremont Factory celebrates 15 years of electric vehicle production
Tesla will continue to service Model S and Model X vehicles, but it will officially stop deliveries of the cars in Q2, as inventory will be liquidated. When they’re gone, they’re gone.
BREAKING: Tesla will wind down Model S and Model X production next quarter, Elon Musk confirms.
“It is time to bring the Model S and Model X programs to an end with an honorable discharge.” pic.twitter.com/Czn7aQjJE1
— TESLARATI (@Teslarati) January 28, 2026
Tesla has been making moves to sunset the two vehicles for the better part of one year. Last July, it stopped taking any custom orders for vehicles in Europe, essentially pushing the idea that the program was coming to a close soon.
Musk said back in 2019:
“I mean, they’re very expensive, made in low volume. To be totally frank, we’re continuing to make them more for sentimental reasons than anything else. They’re really of minor importance to the future.”
That point is more relevant than ever as Tesla is ending the production of the cars to make way for Optimus, which will likely be Tesla’s biggest product in the coming years.
Musk added during the Earnings Call on Wednesday that he believes Optimus will be a major needle-mover of the United States’ GDP, as it will increase productivity and enable universal high income for humans.
Investor's Corner
LIVE BLOG: Tesla (TSLA) Q4 and FY 2025 earnings call
Tesla’s (NASDAQ:TSLA) earnings call follows the release of the company’s Q4 and full-year 2025 update letter.
Tesla’s (NASDAQ:TSLA) earnings call follows the release of the company’s Q4 and full-year 2025 update letter, which was published on Tesla’s Investor Relations website after markets closed on January 28, 2025.
The results cap a quarter in which Tesla produced more than 434,000 vehicles, delivered over 418,000 vehicles, and deployed 14.2 GWh of energy storage products. For the full year, Tesla produced 1.65 million vehicles and delivered 1.63 million, while total energy storage deployments reached 46.7 GWh.
Tesla’s Q4 and FY 2025 Results
According to Tesla’s Q4 and FY 2025 Update Letter, the company posted GAAP earnings per share of $0.24 and non-GAAP EPS of $0.50 in the fourth quarter. Total revenue for Q4 came in at $24.901 billion, while GAAP net income was reported at $840 million.
For full-year 2025, Tesla reported GAAP EPS of $1.08 and non-GAAP EPS of $1.66 per share. Total revenue reached $94.83 billion, including $69.53 billion from automotive operations and $12.78 billion from the company’s energy generation and storage business. GAAP net income for the year totaled $3.79 billion.
Earnings call updates
The following are live updates from Tesla’s Q4 and FY 2025 earnings call. I will be updating this article in real time, so please keep refreshing the page to view the latest updates on this story.
16:25 CT – Good day to everyone, and welcome to another Tesla earnings call live blog. There’s a lot to unpack from Tesla’s Q4 and FY 2025 update letter, so I’m pretty sure this earnings call will be quite interesting.
16:30 CT – The Q4 and FY 2025 earnings call officially starts. IR exec Travis Axelrod opens the call. Elon and other executives are present.
16:30 CT – Elon makes his opening statement and explains why Tesla changed its mission to “Amazing Abundance.” “With the continued growth of AI and robotics, I think we’re headed towards a future of universal high income,” Musk said, adding that along the way, Tesla will still be improving its products while keeping the environment safe and healthy.
16:34 CT – Elon noted that the first steps for this future are happening this year, thanks to Tesla’s autonomy and robotics programs, which will be launching and ramping this year. He also highlighted that Tesla will be making major investments this year, though the company will be very strategic when it comes to its funding. “I think it makes a ton of strategic sense,” Musk said.
16:36 CT – Elon also announces the end of the Model S and Model X programs “with an honorable discharge.” If you’re interested in buying a Model S or X, it’s best to do it now, Musk said. The Model S and Model X factory in Fremont will be replaced by an Optimus line. “It’s slightly sad, but it is time to bring the S and X program to an end. It’s part of our overall shift to an autonomous future,” Musk said.
16:38 CT – Elon discusses how Unsupervised FSD is now starting for the Robotaxi service. He noted that these Unsupervised Robotaxis don’t have any chase cars as of yesterday. He reiterated Tesla’s plans for owners to be able to add their own vehicles to the Robotaxi fleet. Autonomy target for the end of the year is about a quarter or half of the United States, Musk said.
16:41 CT – Elon noted that the Tesla Energy team is absolutely killing it. He also stated that Tesla expects its Energy business to continue growing, and that the “solar opportunity is underrated.”
16:43 CT –Elon also added that Tesla Optimus 3 will be unveiled in about three months, probably. The Model S and Model X line in Fremont will be a million-unit Optimus production line. Looks like Optimus is really coming out of the gate with large, meaningful volumes. “The normal S curve for manufacturing ramps is longer for Optimus,” Musk stated. “Long term, I think Optimus will have a significant impact on the US GDP.”
16:44 CT – Elon closes his opening statements with a sincere thanks to the Tesla team. He also noted that he feels fortunate to be able to work alongside such a talented workforce.
Elon ends his opening remarks with an optimistic prediction about the future.“The future is more exciting than you can imagine,” he concluded.
16:47 CT – Tesla CFO Vaibhav Taneja makes his opening remarks. He discusses several aspects of Tesla’s Q4 milestones. He noted that Tesla Energy achieved yet another gross profit record during the fourth quarter. There’s insane demand for the Megapack and Powerwall. Backlogs for these products are healthy this 2026. He also noted that Tesla ended 2025 with a bigger vehicle order backlog compared to recent years.
16:53 CT – Investor questions from Say begin. The first question is about Tesla’s expectations for the Robotaxi Network. Lars Moravy noted that it has the advantage of manufacturing and scale, and Tesla believes that the Robotaxi Network will significantly grow year over year. Elon highlighted that the Cybercab will be produced with no steering wheel or pedals. No fallback. Elon also noted that Tesla expects to produce more Cybercabs than all its other vehicles combined in the future.
16:51 CT – The next question is if Tesla still expects to launch new models, such as affordable cars. Lars Moravy noted that Tesla did release affordable variants last year, and Tesla is still pushing hard to lower its costs. That being said, Tesla is really pushing the Cybercab as its total addressable market is larger than consumer-owned cars. Lars also mentioned that Tesla will produce different vehicles for its Robotaxi services.
16:56 CT – Elon noted that eventually, Tesla will produce mostly autonomous cars. The exception would be the next-generation Roadster, which will be a true driver’s car.
17:03 CT – A question about Elon’s past comments about a potential next pickup truck was asked. Lars noted that the Cybertruck is still performing well in the electric pickup truck segment, though Tesla is known for flexibility. Elon added that Tesla will be transitioning the Cybertruck line to a fully autonomous vehicle line. He also stated that the Cybertruck is a useful vehicle. “An autonomous Cybertruck will be useful for that.”
17:10 CT – A question was asked about when FSD will be 100% Unsupervised. Elon noted that 100% Unsupervised FSD is already being used today, though only in the Austin Robotaxi program. Tesla is still being extremely careful with its rollout.
When asked about Tesla’s chip program, Elon noted that he feels pretty good about Tesla’s chip strategy. But in terms of selling Tesla’s chips outside Tesla, the company has to make sure it has enough chips for Optimus robots, data centers, and other programs first.
17:18 CT – Analyst questions begin. First up is Wolf Research. He asks about Tesla’s increasing Capex, specifically where the majority of it is going. The Tesla CFO noted that programs in six factories are going live this year, so that consumes Capex. The Optimus program also consumes a lot of resources. The growth of Tesla’s current capacity is also consuming a lot of resources. As for how these programs will be funded, the CFO pointed to Tesla’s massive war chest, as well as initiatives such as the Robotaxi Network.
17:21 CT – Morgan Stanley asks about Tesla’s xAI investment. The analyst asked about more information about how Tesla and xAI will work together. The CFO noted that this investment is part of Master Plan Part IV. Elon also mentioned some advantages for xAI’s technology for Tesla’s products, like Grok being used to manage a Robotaxi fleet or a group of Optimus robots.
17:24 CT – Barclays asks Elon about the constraints on memory. Does Tesla have any near term constraints for Tesla vehicles’ memory? Elon responded that the Tesla AI computer is already very compute and memory-efficient. The intelligence per gigabyte is important. Musk noted that Tesla is ahead of the industry by an order of magnitude or more.
17:29 CT – Cannacord asks about startups from China entering the humanoid market. What competitive advantage does Optimus have compared to these rivals? Elon stated that he believes China will be a key competitor in the humanoid robot market. China will be the toughest competitor for Tesla. That being said, Elon noted that Tesla believes Optimus will be ahead in real-world intelligence, electromechanical dexterity, and hand design.
Tesla (TSLA) Q4 and FY 2025 earnings call: The most important points
Tesla brings closure to flagship ‘sentimental’ models, Musk confirms
