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SpaceX recovered fairing appears at future Mars rocket factory in LA
In an unexpected turn of events, the first fairing half recovered by SpaceX – just after the Feb. 22 launch of PAZ – appeared at the company’s just-leased facilities at LA’s Port of San Pedro, also known as Berth 240 or SpaceX’s preferred location for the first BFR (Mars rocket) factory.
If there was any doubt before that SpaceX was not serious about the Port proposal released in March, or that individuals with SpaceX shirts at 240 were a mere coincidence, the arrival of an entire fairing half and two fairly large cranes ought to confirm the reality of the company’s active presence at the facility. After heading down to the port at dawn to capture Mr Steven’s arrival post-launch (providing a fairing surprise of its own), Teslarati photographer Pauline Acalin made a quick detour to Berth 240 to check up on any potential activity at the SpaceX-leased site.
SpaceX’s first recovered fairing spotted at the BFR factory (Pauline Acalin)
Lo and behold, she found a lone recovered fairing half sitting just off the side of the public Port access road, behind the plot’s fenced enclosure. A giant Z (a la PAZ) on the fairing’s face identified it beyond any doubt to be the half that soft-landed intact just over a month ago. For such a unique pathfinder as the first apparently intact fairing half to be recovered, its uncovered storage out in the open dockside air tells us a fair bit about the reality of its condition: while it’s still surprising that this half did not spend more time (perhaps no time at all) in SpaceX’s Hawthorne facilities, this almost guarantees that the fairing suffered some form of catastrophic and irreparable damage at some point during its recovery.
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- PAZ’ fairing half in all its sooty, damaged glory. (Pauline Acalin)
RIP fairing half
If this fairing were in a flightworthy state, it would undoubtedly be safely stowed inside SpaceX’s Hawthorne facilities for many weeks or even months of careful testing and analysis to properly characterize the condition of the first fairing to be recovered in one piece.
Another possibility: perhaps SpaceX has already managed that characterization and refinement through the many different fairing fragments recovered during past (unsuccessful) attempts. Ultimately, it should come as little surprise that the fairing wound up damaged – the range of conditions it was subjected to boggle the mind. Its damage may have come from post-recovery handling, perhaps something as simple as the surface tension of seawater or some water intrusion inflating its density and overloading the fairing’s structure while it was craned or dragged aboard Mr. Steven. Its loss would appear to confirm that Mr. Steven’s seemingly elaborate net system exists for very specific and technical reasons, instead of, say, a group of engineers realizing that they could convince their managers to let them build a giant claw-boat. Sometimes the crazy solution can be the right solution!
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- A closeup of the landed fairing. This particularly fairing is the first flight of Fairing 2.0, a recent upgrade. (Elon Musk)
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- The first fairing to ever return to land intact proudly sails into Port of San Pedro aboard Mr Steven. (Pauline Acalin)
Either way, SpaceX technicians have unequivocally begun to tear down the PAZ half’s many interior components, ranging from baffles and soundproofing panels to parafoil connectors and cold-gas maneuvering thrusters. It’s conceivable that some of those parts can be reused on future missions, partly thanks to the fact that this half remained intact after landing, keeping its interior mostly dry. Given the sheer size of the cranes brought on-site on Saturday (March 31), it seems implausible that they are there just for PAZ’ fairing – more likely, they have been rented or purchased by SpaceX and will be used for a variety of tasks related to the demolition and construction outlined in the Port’s Berth 240 lease and use-case approval.
This is almost certainly the first time that SpaceX’s Berth 240 has hosted real rocket hardware, and hopefully foreshadows a bright and busy future of reusable rocket recovery, refurbishment, and manufacturing (hopefully with BFR!).
NBD, just scrapping a fairing in an abandoned shipyard. (Pauline Acalin)
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Tesla (NASDAQ: TSLA) reported its earnings for the third quarter of 2026, marking a reasonable performance on the various financial metrics. Tesla still plans to hold a call that will field investor questions at 5:30 p.m. ET, 4:30 p.m. CT.
Here’s where Earnings came in:
- Total Revenues: $28.046 reported vs. $28.34B expected
- Non-GAAP EPS: $0.48 reported vs. $0.45 expected
- Operating Margin: 2.6 % reported vs. 2.5% expected
- Operating Income: $718M reported vs. $721M expected
- Free Cash Flow: $1.531B reported vs. ~-$4.51B expected
Tesla $TSLA Earnings Results:
Revenues: $28.046B
Non-GAAP EPS: $0.48
Operating Margin: 2.6%
Operating Income: $718M
FCF: $1.531B— TESLARATI (@Teslarati) October 21, 2026
Major Takeaways
Full Self-Driving (Supervised)
“FSD (Supervised)⁴ attach rate continued to grow, reaching over 75% of new vehicle deliveries in North America – our most mature market – a nearly twenty percentage point sequential increase. We believe that FSD is driving demand in markets where it is available, and we continue to work with regulators to get it approved in other markets.”
Tesla Semi
“We began volume production of Tesla Semi, our Class 8 heavy-duty truck. The top variant can go 500 miles at full 82,000 lbs gross combination weight while achieving an efficiency of 1.7 kWh/mile. That efficiency allows the Tesla Semi to use a third of the energy used by a comparable diesel truck to haul the same payload. In a transportation market where energy is one of the largest components of total cost per mile, this will provide a meaningful advantage to Tesla Semi operators.”
SI Compute
“We plan to reach 400 MW of SI training compute by the end of the year, supporting the development of both vehicle and humanoid robot autonomy software. Additionally, we continued construction for the Austin Fab, where we plan to start commissioning equipment in 2027.”
Robotaxi
“We began deployment of Cybercab into our Robotaxi fleet in Austin. We reached nearly two million cumulative unsupervised miles for our Robotaxi service as of the end of the quarter. Operating hours in Austin are now 6am to midnight, and we expect to reduce wait times via increased fleet supply and improvement of Robotaxi orchestration algorithms. Grok is available in Cybercab with access to Grok Bot and Connectors, which allows users to manage their inbox, calendars, files, chats and tasks – all hands free via voice command – making Cybercab a mode of transport, a productivity space and, with our entertainment options, a second living room.”
Interested in ordering a Tesla? Use my referral code for three free months of Full Self-Driving (Supervised) here.
Tesla (NASDAQ: TSLA) reports its earnings for Q3 today. Here’s what to expect, as the company will reveal its balance sheet after the market closes on Wednesday.
Tesla already reported deliveries just after Q3 ended, and it demolished Wall Street consensus estimates of roughly 462,000 vehicles. Tesla delivered 486,532 cars in the third quarter, which was a big beat, but was down 2.1 percent from the same quarter last year. Energy storage deployments were 13.7 GWh, up year-over-year.
Tesla showrooms picked clean ahead of Q3 end as demand looks strong
For the quarter, analysts have already compiled their predictions for what Tesla will report this afternoon:
- Total Revenues: $28.34B
- Non-GAAP EPS: $0.43
- Operating Margin: 2.5%
- Operating Income: $721M
- Free Cash Flow: ~-$4.51B
Here are a few things we are looking forward to hearing about on the call:
Automotive Gross Margin and Overall Profitability
This was 16.3 percent in Q2, down from 19.2 percent in Q1, and was impacted by warranty charges and some fading regulatory credits. Consensus implies overall gross margin near 18 percent, but a miss here would potentially reinforce concerns about pricing pressure on its vehicles.
Pay attention to energy storage margins as well, especially since Tesla missed GWh expectations, although it was still a strong quarter.
Robotaxi/Cybercab, Unsupervised FSD, and Optimus Progress
The Say questions from retail investors usually focus on these types of projects, and this quarter is no different. Scaling the Cybercab fleet beyond Austin amid the open NHTSA safety review, timeline for Unsupervised FSD in customer cars, Robotaxi unit economics, and Optimus cost per unit plus when it could start generating revenue, are all things to be looking for.
Any concrete timelines or regulatory path details will likely move the stock more than the near-term numbers. SpaceX merger speculation, which was detailed during SpaceX’s earnings call last night, may also surface, although the key details were shared last night.
Elon Musk just confirmed the Tesla and SpaceX merger step everyone was waiting for
Say Investor Questions
- How does the Cybercab fleet scale past Austin, and what’s the regulatory path outside Texas given NHTSA’s open safety review?
- When can we anticipate FSD unsupervised in customer cars?
- When will the CyberCab be available for customer purchase/ownership?
- What’s the unit economics per paid robotaxi mile, and how does it compare to the thirty-cent target?
- Tesla has acknowledged that HW3 vehicles cannot support unsupervised FSD. When will owners know whether they can upgrade their hardware for free, and when will Tesla provide a clear plan?
The full Earnings Call will be streamed this evening after market close around 5 p.m. this evening.
SpaceX confirmed the date of Starship’s 15th launch window with some massive ambitions for the mission, as it will attempt to catch Ship for the first time.
CEO Elon Musk confirmed during SpaceX’s Earnings Call last night on October 20 that it would launch Starship for its 15th test flight in November, and there are some incredible things the company wants to try, making it perhaps the most groundbreaking launch in the program’s history.
SpaceX delivers blockbuster Q3 results as Super Intelligence segment booms
The most major development of the call was SpaceX’s intention to catch Ship alongside catching the Super Heavy Booster, something that has happened in the past. SpaceX showed an animation of the Ship catch, which will be done on the launch tower’s chopsticks:
SpaceX has released a new Starship tower catch animation for the upcoming Flight 15! https://t.co/kStn01Da8u
— Truthful🛰️ (@Truthful_ast) October 20, 2026
This monumental goal is to catch both the Ship and Booster in a dual-catch scenario, an incredible feat since SpaceX has never been able to reuse a Ship after launch. Musk said it would be “the first time that an orbital launch vehicle has been fully recovered,” and said it would be a “profound technology milestone.”
Musk said the odds of success on this first Ship catch attempt are “more likely than not,” but SpaceX is ultimately prepared for more tries moving forward. The SpaceX frontman said that, starting next year, Starship would have a “steady stream” of flights through the end of the year.
The cadence will accelerate in 2027, with Musk stating the company plans to target weekly flights in the first half of 2027 and twice-weekly by year-end.
The Flight 15 attempt follows that of Flight 14, which took off in late September and was Starship’s first orbital mission. It deployed 26 Starlink V3 satellites, accomplished a controlled ocean splashdown of both stages, and shed more light on potential challenges for the program moving forward.
As of now, the Starship program is firing on all cylinders.
Interested in ordering a Tesla? Use my referral code for three free months of Full Self-Driving (Supervised) here.
Tesla Q3 2026 Earnings results: in-line revenues, slight beat on EPS
Tesla reports Q3 Earnings today: here’s what to expect
