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SpaceX, NASA blame Cargo Dragon leak on faulty valve, delay launch further
NASA and SpaceX have delayed Cargo Dragon’s CRS-25 space station resupply mission another two weeks after the company narrowed down the cause of the spacecraft’s rare leak.
Instead of the mission’s original June 7th target, which was eventually pushed back to June 10th and then June 28th when SpaceX discovered signs of a possible fuel leak near one of the spacecraft’s many ‘Draco’ thrusters, NASA and SpaceX will now attempt to launch CRS-25 no earlier than (NET) July 11th.
That makes CRS-25 something exceptionally rare: a SpaceX launch delayed more than a month by an issue discovered just a few days before liftoff. Alongside its growing cadence and record of successful launches, Falcon 9 has quickly become one of the most reliable and on-time rockets currently operating. Once the rocket has been integrated, SpaceX will occasionally run into a day or two of delays caused by minor technical issues or poor weather, but anything more than a few days has become exceptionally rare.
The same has generally been true for Dragon and Dragon 2, although Dragon 2 spacecraft are much newer and less experienced than Falcon rockets and do often run into minor issues. However, it has been years since a Dragon mission was delayed multiple weeks just a few days before its initial launch target. CRS-25’s issues are extraordinarily rare for SpaceX.
On June 13th, NASA distributed an update on those issues, revealing that SpaceX had narrowed down the cause of the anomalous fuel vapor readings that delayed the launch to a single “Draco thruster valve inlet joint.” Dragon spacecraft have 16 Draco maneuvering thrusters, each of which has at least two “valve inlet joints” for fuel (monomethylhydrazine or MMH) and oxidizer (dinitrogen tetroxide or NTO).
Dragon’s smaller pressure-fed Draco thrusters operate at relatively low pressures, but the hypergolic (auto-igniting) fuel and oxidizer they burn are extremely uncooperative and corrosive and create tough conditions for valves to live and operate. In general, valves are already a major source of headaches in spaceflight, where the thermal and chemical environments are bipolar and unforgiving in the extreme, the stakes are about as high as they get, and basic realities of physics demand that all hardware be as light and minimal as possible.
Given Draco’s impressive history, with hundreds of thrusters flown on dozens of different orbital Dragon missions since 2010, it’s likely that SpaceX will fix the problem without issue and prevent it from happening again. Still, the leak still serves as a reminder that making large and complex spacecraft work reliably is an immense challenge. When that spacecraft is meant to be reused, the difficulty is magnified even further.
One slight positive did come from the latest delay, however: SpaceX’s upcoming June 17th Starlink launch no longer has to worry about impinging upon a NASA Dragon launch just 11 days later. In fact, while unlikely, SpaceX may even have time for a second Starlink launch from Pad 39A to fill the slight gap CRS-25 has created in Falcon 9’s June manifest.
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Another Tesla Model 3 variant sold out for January 2026 in China
A look at Tesla China’s order page shows that new Model 3 LR RWD orders now have an estimated delivery date of February 2026.
Another Tesla Model 3 variant in China appears to have sold out for January 2026, with the vehicle now showing an estimated delivery date of February 2026 for new orders. This bodes well for the all-electric sedan, which has maintained notable sales despite more affordable rivals like the Xiaomi SU7 and its crossover sibling, the Model Y.
Model 3 LR RWD joins February 2026 queue
A look at Tesla China’s order page for the all-electric sedan shows that new Model 3 Long Range Rear Wheel Drive orders now have an estimated delivery date of February 2026. Priced from RMB 259,500 ($36,810), the LR RWD sits as the second-lowest-priced trim in Tesla China’s four-variant Model 3 lineup. The move follows a similar delivery timeframe for the Model 3 Performance, which remains the most expensive option for the vehicle, as noted in a CNEV Post report.
The estimated delivery dates of the two remaining Model 3 variants remain unchanged for now. The base RWD version, starting at RMB 235,500, and the LR AWD variant, priced from RMB 285,500, both continue to list estimated delivery times of 4-6 weeks. Tesla China, for its part, has continued to list in-stock Model 3 vehicles and is actively encouraging buyers to select inventory units for delivery before the end of the year.
Model Y delays and policy shifts
Delivery timelines for the Model Y in China are also stretching into 2026. All customized Model Y variants now show February 2026 as their estimated delivery date, except for the entry-level version, which still lists January 2026. Tesla has been urging customers since November to prioritize purchasing inventory vehicles, a push aimed at maximizing year-end deliveries.
Timing matters for Chinese buyers due to upcoming changes in government incentives. China’s new energy vehicle purchase tax exemption will be scaled back in 2026, which means customers who take delivery next year could face higher tax costs compared to those who are able to receive vehicles before the end of the year.
As per data from the China Passenger Car Association, Tesla recorded retail sales of 73,145 vehicles in November, down 0.47% year over year. From January through November, Tesla’s retail sales in China totaled 531,855 units, a 7.37% year-over-year drop.
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Wedbush’s Dan Ives sees ‘monster year’ ahead for Tesla amid AI push
In a post on X, the analyst stated that the electric vehicle maker could hit a $3 trillion market cap by the end of 2026 in a bullish scenario.
Wedbush analyst Dan Ives is doubling down on Tesla’s (NASDAQ:TSLA) long-term upside. In a post on X, the analyst stated that the electric vehicle maker could hit a $3 trillion market cap by the end of 2026 in a bullish scenario, thanks to the company’s efforts to develop and push its artificial intelligence programs.
An aggressive valuation upside
Ives, Wedbush’s global head of tech research, stated in his post that Tesla is entering a pivotal period as its autonomy and robotics ambitions move closer to commercialization. He expects Tesla’s market cap to reach $2 trillion in 2026, representing roughly 33% upside from current levels, with a bull case up to a $3 trillion market cap by year-end.
Overall, Ives noted that 2026 could become a “monster year” for TSLA. “Heading into 2026, this marks a monster year ahead for Tesla/Musk as the autonomous and robotics chapter begins. We believe Tesla hits a $2 trillion market cap in 2026 and in a bull case scenario $3 trillion by end of 2026… as the AI chapter takes hold at TSLA,” the analyst wrote.
Ives also reiterated his “Outperform” rating on TSLA stock, as well as his $600 per share price target.
Unsupervised Full-Self Driving tests
Fueling optimism is Tesla’s recent autonomous vehicle testing in Austin, Texas. Over the weekend, at least two Tesla Model Ys were spotted driving on public roads without a safety monitor or any other occupants. CEO Elon Musk later confirmed the footage of one of the vehicles on X, writing in a post that “testing is underway with no occupant in the car.”
It remains unclear whether the vehicle was supported by chase cars or remote monitoring, and Tesla has not disclosed how many vehicles are involved. That being said, Elon Musk stated a week ago that Tesla would be removing its Safety Monitors from its vehicles “within the next three weeks.” Based on the driverless vehicles’ sightings so far, it appears that Musk’s estimate may be right on the mark, at least for now.
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Production-ready Tesla Cybercab hits showroom floor in San Jose
Tesla has implemented subtle but significant updates to both the Cybercab’s exterior and interior elements.
Tesla has showcased what appears to be a near-production-ready Cybercab at its Santana Row showroom in San Jose, California, giving visitors the closest look yet at the autonomous two-seater’s refined design.
Based on photos of the near-production-ready vehicle, the electric vehicle maker has implemented subtle but significant updates to both the Cybercab’s exterior and interior elements, making the vehicle look more polished and seemingly more comfortable than its prototypes from last year.
Exterior and interior refinements
The updated Cybercab, whose photos were initially shared by Tesla advocate Nic Cruz Patane, now features a new frameless window design, an extended bottom splitter on the front bumper, and a slightly updated rear hatch. It also includes a production-spec front lightbar with integrated headlights, new wheel covers, and a license plate bracket.
Notably, the vehicle now has two windshield wipers instead of the prototype’s single unit, along with powered door struts, seemingly for smoother opening of its butterfly doors. Inside, the Cybercab now sports what appears to be a redesigned dash and door panels, updated carpet material, and slightly refined seat cushions with new center cupholders. Its legroom seems to have gotten slightly larger as well.
Cybercab sightings
Sightings of the updated Cybercab have been abundant in recent months. At the end of October, the Tesla AI team teased some of the autonomous two-seater’s updates after it showed a photo of the vehicle being driven through an In-N-Out drive-through by employees in Halloween costumes. The photos of the Cybercab were fun, but they were significant, with longtime Tesla watchers noting that the company has a tradition of driving its prototypes through the fast food chain’s drive-throughs.
Even at the time, Tesla enthusiasts noticed that the Cybercab had received some design changes, such as segmented DRLs and headlamps, actual turn signals, and a splitter that’s a lot sharper. Larger door openings, which now seem to have been teasing the vehicle’s updated cabin, were also observed at the time.
Another Tesla Model 3 variant sold out for January 2026 in China
Wedbush’s Dan Ives sees ‘monster year’ ahead for Tesla amid AI push
