News
SpaceX rapidly shipping upgraded Raptor engines to Starbase
SpaceX appears to have opened the floodgates and begun shipping upgraded ‘Raptor V2’ engines to Starbase en masse in preparation for crucial Starship and Super Heavy testing.
The first functional Raptor engine delivery in around half a year and the first Raptor V2 delivery ever appeared to arrive at Starbase on March 30th. About a month and a half prior, SpaceX brought an early Raptor V2 prototype damaged during testing to serve as a backdrop for CEO Elon Musk’s February 10th Starship presentation, marking the first time the public was allowed to see or photograph the engine up close.
Less than three months later, Raptor V2 engines that passed proof testing without damaging or destroying themselves have begun to rapidly pile up inside one of Starbase’s three main production tents.
Though Raptor V2 has plenty in common with its Raptor V1 and V1.5 predecessors and, for the most part, looks very similar, Musk has repeatedly stated that the engine represents a major evolution from past Raptors. Most importantly, Raptor V2 was designed to significantly cut production cost and time. To achieve that, almost every major component was either fully redesigned, tweaked, or refined in some way to make Raptor simpler and more compact.
One example is the decision to slash the number of flanges (mechanical joints) in the engine’s plumbing by replacing them with welds. Making plumbing more monolithic could remove dozens of parts, seals, and potential leak points and significantly speed up manufacturing at the cost of making it harder – if not impossible – for SpaceX to inspect and replace certain pipes or pipe sections in a modular manner.
That process was repeated throughout each Raptor system, resulting in an engine that looks more streamlined than earlier variants. As a result of its more refined design and improvements to other critical components, Musk says that even though Raptor V2 now costs about half as much to build as V1.5, it’s also “much more…reliable.”
Despite significantly improving Raptor’s reliability, simplicity, and cost, SpaceX also managed to boost its maximum thrust by almost 25%. Raptor V2 engines now “routinely” operate at record-breaking main combustion chamber pressures of 300+ bar (~4400 psi) and are able to produce up to 230 tons (~510,000 lbf) of thrust at sea level. The older Raptor V1.5 engines that flew on Starships SN8-SN11 and SN15 and were installed on Super Heavy Booster 4 and Ship 20 were designed to produce around 185 tons (~410,000 lbf) at 250 bar (~3600 psi).
Following the premature retirement of Super Heavy Booster 4 (B4), which was meant to help send Starship S20 to space on the rocket’s first orbital launch attempt, that orbital launch debut is now guaranteed to use a different booster and ship powered by Raptor V2 engines. Ship 24 is a strong candidate for the mission’s Starship, while it remains to be seen if SpaceX will fully repair and attempt to proceed with Booster 7 or if Booster 8 – which is almost complete – will take point.
Either way, the pair will need at least 39 qualified Raptor V2 engines to begin integrated testing, pass several major static fire milestones, and prepare for flight. Since SpaceX appeared to kick off Raptor V2 deliveries to Starbase on March 30th, a photo shared by Musk on April 26th revealed that the company has managed to deliver at least 18 of the upgraded engines in the last four weeks. At least one more engine was also delivered on April 28th.
That means that SpaceX already has enough engines to begin static fire tests with a full cluster of 13 central Raptors on Super Heavy B7 or B8. By the time Ship 24 is fully assembled, Booster 7 is repaired, or Booster 8 is completed, there’s a good chance that SpaceX will have all the engines it needs to fully outfit a Starship and Super Heavy pair – not quite by the end of April, as Musk predicted, but not far off.
Tesla Cybercab units finally got a definitive date for when they will be able to be purchased by consumers, ending speculation regarding whether the fully autonomous vehicle would be available in the near term.
During Tesla’s third-quarter 2026 earnings call on October 21, Vice President of Engineering Lars Moravy said the company is aiming to begin delivering its purpose-built Cybercab robotaxi to customers before year-end.
🚨 In short, Cybercabs are slated to go to customers by end of the year. All units are going into Robotaxi fleet currently, per @larsmoravy
Cybercab will be “transport-as-a-service,” but vast majority of Cybercab will be “Tesla-owned,” @elonmusk says https://t.co/R8Qu8QWdmp
— TESLARATI (@Teslarati) October 21, 2026
“We’re trying to get Cybercabs to customers by the end of this year, 2026,” Moravy said. He added that production is underway on the line at Gigafactory Texas, but “all of those are currently going to our own internal Robotaxi fleet.”
Moravy explained that as operations scale, Tesla will “mainly deliver fully designed autonomous vehicles to our customers,” with the Cybercab as the first such vehicle. Initial customer deliveries will start small while the company gains experience with delivery logistics, ownership models, fleet management, and operating autonomous vehicles outside its direct control.
CEO Elon Musk reinforced the limited nature of private sales, describing the Cybercab primarily as a “transport-as-a-service” offering rather than a personal ownership vehicle like the Model 3, Model Y, or upcoming Roadster. “The vast majority of the Cybercab stuff will be Tesla-owned and transport-as-a-service,” Musk said.
The Cybercab is a two-seater vehicle developed by Tesla without a steering wheel or pedals. It relies completely on Tesla’s Full Self-Driving suite and has been in production since February. Early units have been put in Tesla’s Robotaxi service as of early September, when the company launched rides to the public. Tesla previously indicated it would aim to sell Cybercabs for about $30,000.
Unsupervised Full Self-Driving is expected to ship to consumer cars during Q2 2027, Ashok Elluswamy, Tesla’s Head of AI, indicated during the call. Early buyers or fleet operators may receive vehicles whose autonomous operation remains geographically restricted due to lagging regulatory agencies. There are some hurdles that remain ahead of Cybercab deliveries.
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.
Tesla Cybercab gets a for sale date at last
Tesla Q3 2026 Earnings results: in-line revenues, slight beat on EPS
