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SpaceX’s recovered fairing spotted sailing into port on Mr Steven
Just 24 hours after gently landing in the ocean, SpaceX recovery technicians have successfully recovered one half of an intact Falcon payload fairing for the first time ever. Photos of the return to Port of San Pedro in Southern California, captured by Teslarati photographer Pauline Acalin, show that the halve recovered is in amazing condition considering its journey from speeds of nearly two miles per second (approximately 30 football fields per second, or more than ten times faster than a commercial passenger jet), to a soft, watery halt.
Despite the fact that SpaceX’s recovery boat, Mr Steven, was unable to catch the fairing as intended, a truly 100% successful recovery using the vessel’s specially-designed net is all but a foregone conclusion. If the fairing can gently land in the ocean looking as good as this article does, avoiding the water entirely should be a relatively simple matter of tweaking recovery hardware and software – a slightly larger parafoil as mentioned by Elon Musk, for example.
Mr Steven proudly returns to port with fairing halve in tow. (Pauline Acalin)
This recovery marks the end of yet another successful flight-proven SpaceX launch, this time tasked with carrying the Spanish PAZ imaging satellite and two SpaceX Starlink prototypes into a sun-synchronous orbit around Earth. We’re just two full months into 2018 and SpaceX appears to already be nearing the end of its fairing recovery development program, with operational fairing recovery and reuse the next (imminent) task at hand.
The most important unknown here is just how well SpaceX’s fairing design is able to cope with even brief contact with or immersion in saltwater, a natural corrosive agent. As a Teslarati reader rightly noted, carbon fiber composites do currently see quite a bit of use in boating, apparently no worse for wear in terms of maintainability. However, carbon fiber components on marine vessels are treated and coated with specially-chosen laminates and waterproofing materials to prevent saltwater intrusion. It’s unclear if SpaceX’s fairings include the same sort of treatment, although it can be all but guaranteed that the outside of the fairing is designed to be perfectly sealed against the environment – a necessity to protect sensitive satellite components from local weather and humidity.
Mr. Steven pulling into port in San Pedro with a beautifully intact fairing. Next attempt at catching the fairing in the ship’s net is about a month away! #spaceX #paz @teslarati #starlink pic.twitter.com/FM2tpowktL
— Pauline Acalin (@w00ki33) February 23, 2018
Of course, reuse for this particular fairing half may be out of the question given its pathfinder position. SpaceX may destructively analyze and test the recovered fairing to gather as much detail as possible about its condition after a rough reentry and some ocean-floating leisure time. In line with my above speculation, recovery technicians and engineers will judge how much (if any) saltwater managed to get inside the fairing, while also judging the condition of the giant halve’s carbon composite structure. Just like SpaceX chose to display its first successfully landed Falcon 9 booster outside of their Hawthorne, CA factory, they may hold onto this intact fairing as a piece of SpaceX history, maybe even put it on display in or around one of SpaceX’s US facilities.
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- For the first time, photographers have a chance to photograph a single fairing halve in high detail. (Pauline Acalin)
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- Mr Steven is looking as good as ever, despite not being able to flex its new net. (Pauline Acalin)
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- Could just be me, but that is one BEAUTIFUL hunk of carbon fiber and aluminum. (Pauline Acalin)
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- (Pauline Acalin)
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With the next Mr Steven-led fairing recovery set to occur on March 29, SpaceX will have plenty of additional options to firm up their expertise with the newly successful practice. In fact, the upcoming February 25 launch and “hot” landing of Hispasat 30W – this time on the East coast – could also see its own successful fairing recovery, given the fact that PAZ’s fairing technically survived intact without the use of Mr Steven’s gentler catching mitt. Time will tell!
Follow us on social media for down-to-the-minute and behind the scenes updates on SpaceX activities.
Teslarati – Instagram – Twitter
Tom Cross – Twitter
Pauline Acalin – Twitter
Eric Ralph – Twitter
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Tesla is one of several automakers whose vehicles qualify for an awesome new first-time EV buyer incentive program in California.
The Golden State launched the MyFirstEV incentive program, which helps those buying an electric vehicle for the first time with a $3,500 incentive on new-inventory purchases of a Model 3 or Model Y.
First-time electric vehicle buyers in California can now get $3,500 off eligible Model 3 and Model Y new inventory vehicle purchases.
To be eligible, you must place your order on or after August 3, 2026 and take delivery while funds are still available. The incentive applies to… pic.twitter.com/yuXF00XA50
— Sawyer Merritt (@SawyerMerritt) August 4, 2026
The incentive requires an order on or after August 3, and delivery must be taken while the program is still being funded. California has set aside $135.5 million to help strengthen its SEV market and support automotive innovation.
Incentives are offered at the point of sale, and used EVs are also available for a partial incentive of $1,750. Half of the $3,500 and $1,750 incentive amounts are covered by California, with the other half being covered by participating OEMs.
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Additionally, rules apply for MSRP and how the vehicle will qualify for the incentive. Any vehicle from a non-California headquartered OEM must have an MSRP of $50,000 or less. Used vehicles must be priced at $25,000 or less and must be at least two model years older than the year of purchase.
The cars must also be purchased from manufacturers as certified pre-owned vehicles. Private dealerships are not eligible.
In total, California expects to incentivize over 73,000 ZEVs.
Participating Manufacturers
Fourteen total automakers are participating in California’s MyFirstEV program:
- Chevrolet – Launching August 2026
- Ford – Launching August 2026
- Honda – Launching September 2026
- Hyundai – Launching August 2026
- Kia – Launching August 2026
- Lexus – Launching September 2026
- Lucid – Launching August 2026
- Mitsubishi – Launching November 2026
- Nissan – Coming Soon
- Rivian – Coming Soon
- Subaru – Launching September 2026
- Tesla – Launching August 2026
- Toyota – Launching September 2026
- Volvo – Coming Soon
Elon Musk’s space exploration company, SpaceX (NASDAQ: SPCX), is set to report its earnings for the second quarter today in what will be its first-ever earnings call since going public in July.
SpaceX is trading down roughly 25 percent from its IPO. These early stock signals are usually a bit tumultuous, and considering this is the first company actively launching rockets that is available on the stock exchange, investors might have a tendency to be a bit skittish.
However, there are going to be some details that investors will hear for the first time today on the earnings call. Here’s what to look for:
Wall Street Expectations
Revenue is expected to fall somewhere around $6.8 billion, and will be heavily driven by Starlink, which is SpaceX’s widely popular satellite internet platform that has been adopted by numerous airlines, cruise ships, and other maritime operations. It is also available for consumers at home or in their cars.
Earnings Per Share (EPS) expectations fall at a net loss of $0.23 per share. Wall Street sees this as a total net loss of roughly $1.9 billion.
EBITDA is expected to come in between $2 billion and $2.1 billion.
What Investors Want to Know
Tesla uses the Say platform to help work with both retail and institutional investors to answer relevant and quality questions that address concerns or questions that they might have.
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However, SpaceX is doing things differently, as the company launched its own Investor Relations website where these questions are being fielded. Just like the Tesla questions, they seem to be less focused on the operational tasks and overall progress of the company, and more novelty.
Here are the top five:
- Has the team thought about what possibilities there are with your mascot Asteroid? Whether it’s starting additional foundations for kids in its name, helping kids learn about space, etc. Kids are our future, and Asteroid would be a fun and easy way to help.
- Baby Asteroid is already making a difference through charity around the world. Could SpaceX take it even further with programs that inspire kids to explore space?
- SpaceX has some legendary vehicle names. Would you ever allow the public to name a Starship, even knowing there is a 99% chance it becomes Shipy McShipface?
- When can we expect to see more footage of the Human Landing System?
- Will Asteroid (your mascot) go to Mars?
SpaceX will report its earnings today, August 4, at 4:30 P.M. EDT.
Lemonade has expanded its innovative Autonomous Car insurance program to Tennessee, giving Tesla owners in the state a substantial discount on Full Self-Driving (FSD) miles. Announced on August 3, the product offers 50 percent off every mile driven with FSD activated, positioning the digital insurer as a leader in pricing insurance around autonomous technology.
The program, marketed as Lemonade Autonomous Car insurance, uses a direct connection via Tesla’s Fleet API (with customer permission) to automatically distinguish FSD-engaged miles from manual driving. Policyholders pay a low base rate when the vehicle is stationary and a few cents per mile when moving, with the 50 percent reduction applied specifically to FSD miles.
If you’re driving a Tesla in Tennessee, FSD miles now cost 50% less to insure with Lemonade. Autonomous Car is now live in TN.https://t.co/4CDTuhyORi pic.twitter.com/QZk4LBIs6f
— Lemonade (@Lemonade_Inc) August 3, 2026
Coverage includes standard protections such as liability, collision, comprehensive, roadside assistance, and Tesla-specific benefits like access to certified repair shops and emergency crash services. Eligible vehicles require Hardware 4, as well as recent firmware.
Lemonade first unveiled the product on January 21 of this year, describing it as a first-of-its-kind offering designed for self-driving cars, starting with Tesla FSD. It began rolling out in Arizona on January 26, followed by Oregon about a month later. Subsequent expansions brought it to Indiana in early June 2026 and Colorado later that month.
Tennessee marks the fifth state.
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Tesla Full Self-Driving gets outrageous insurance offer with insanely cheap rates
The discount rests on Lemonade’s strong belief in the safety of Tesla’s FSD system. The company cites Tesla’s data showing that FSD-driven miles are twice as safe as those driven manually, or associated with roughly a 50 percent crash reduction.
Lemonade Co-founder and President Shai Wininger has emphasized this distinction: “Traditional insurers treat a Tesla like any other car, and AI like any other driver. But a car that sees 360 degrees, never gets drowsy, and reacts in milliseconds can’t be compared to a human.”
He added that “Teslas driven with FSD are involved in far fewer accidents” and committed that as FSD software improves and becomes safer, Lemonade’s prices will drop further.
Tesla Full Self-Driving gets an offer to be insured for ‘almost free’
This approach leverages Lemonade’s existing pay-per-mile technology and AI-driven risk models, which analyze nuanced vehicle data including software version and sensor performance. The company expects the model to reward higher FSD usage with greater savings while supporting mixed households that include both Tesla and non-Tesla vehicles under one policy. Bundling with home, renters, or pet insurance can yield additional discounts.
As autonomous driving technology advances, Lemonade’s state-by-state expansion of usage-based pricing that directly reflects real-world safety data represents a notable shift in how insurers evaluate risk.
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Tesla owners in the five available states – Arizona, Oregon, Indiana, Colorado, and now Tennessee – can obtain quotes quickly through the Lemonade app or website, potentially lowering the overall cost of ownership for vehicles equipped with advanced driver-assistance systems. Further states are expected as regulatory approvals progress.
Tesla qualifies for awesome new first-time EV buyer incentive in California
SpaceX to report first-ever earnings today: here’s what to expect
