News
SpaceX Starlink internet could exit beta this summer, says Musk
CEO Elon Musk says that SpaceX’s Starlink satellite internet service will “probably [be] out of beta this summer” as the company continues to rapidly improve “service uptime, bandwidth, and latency.”
On top of Musk’s belief that Starlink will be ready for primetime as few as 3-5 months from now, the SpaceX executive also believes that the company will have enough satellites operational to enable customers to take their Starlink dishes just about anywhere the service is allowed and even install and operate them on mobile vehicles.
Currently, Starlink beta users are restricted – for a variety of reasons – to hexagonal “cells” with diameters of ~15 km (9.3 mi) and areas of 150 square kilometers (~60 mi). It’s unclear what exactly those cells represent, but the most likely answer is that SpaceX has to parcel up the areas the Starlink constellation is able to cover so it can use that system to avoid saturating the young, incomplete network and best ensure that it doesn’t sell internet service to customers outside of that coverage map. Part of the rationale is also technical, according to SpaceX’s official Starlink FAQ.
“Starlink satellites are scheduled to send internet down to all users within a designated area on the ground. This designated area is referred to as a cell.
Your Starlink is assigned to a single cell. If you move your Starlink outside of its assigned cell, a satellite will not be scheduled to serve your Starlink and you will not receive internet. This is constrained by geometry and is not arbitrary geofencing.”
Starlink.com/FAQ
According to Musk, those “cell” restrictions will be greatly relaxed “later this year,” meaning that users that purchase Starlink dishes and pay for service should be able to take their dishes anywhere Starlink is allowed and even use them on moving vehicles like “an RV or truck.” To get to that point, though, SpaceX will have to ensure that Starlink coverage is virtually uninterrupted and implement several “key software upgrades” – no surprise for a satellite communication service attempting to do something no other has.
More importantly, though, SpaceX is primarily focused on improving Starlink service for existing users and getting the constellation and network to the point that they’re ready for far more aggressive expansion. That means cutting down on network outages and software bugs to reduce downtime, ensuring better download speeds and latency, optimizing for a more consistent experience, and continuously upgrading satellite, user terminal, and ground station hardware and software.
As is tradition, less than two weeks ago, SpaceX President and COO Gwynne Shotwell was confident – but not quite as confident or specific as Musk – about Starlink graduating out of its beta phase. On April 6th, she made it clear that SpaceX’s primary goal is to make sure that Starlink internet is “a really great product” before exiting the beta phase and that the company “doesn’t have a [public] timeframe” for when it might be ready.
Musk’s “summer 2021” target is thus more likely a stretch goal, meaning that it’s probably more accurate to assume that Starlink might be ready to exit beta sometime before the end of 2021.
News
Dan Ives sees ‘Monster Year’ ahead for Tesla amid Robotaxi, FSD 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.
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.
News
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.
Investor's Corner
Tesla analyst realizes one big thing about the stock: deliveries are losing importance
Tesla analyst Dan Levy of Barclays realized one big thing about the stock moving into 2026: vehicle deliveries are losing importance.
As a new era of Tesla seems to be on the horizon, the concern about vehicle deliveries and annual growth seems to be fading, at least according to many investors.
Even CEO Elon Musk has implied at times that the automotive side, as a whole, will only make up a small percentage of Tesla’s total valuation, as Optimus and AI begin to shine with importance.
He said in April:
“The future of the company is fundamentally based on large-scale autonomous cars and large-scale and large volume, vast numbers of autonomous humanoid robots.”
Almost all of Tesla’s value long-term will be from AI & robots, both vehicle & humanoid
— Elon Musk (@elonmusk) September 11, 2023
Levy wrote in a note to investors that Tesla’s Q4 delivery figures “likely won’t matter for the stock.” Barclays said in the note that it expects deliveries to be “soft” for the quarter.
In years past, Tesla analysts, investors, and fans were focused on automotive growth.
Cars were truly the biggest thing the stock had to offer: Tesla was a growing automotive company with a lot of prowess in AI and software, but deliveries held the most impact, along with vehicle pricing. These types of things had huge impacts on the stock years ago.
In fact, several large swings occurred because of Tesla either beating or missing delivery estimates:
- January 3, 2022: +13.53%, record deliveries at the time
- January 3, 2023: -12.24%, missed deliveries
- July 2, 2024: +10.20%, beat delivery expectations
- October 3, 2022: -8.61%, sharp miss due to Shanghai factory shutdown
- July 2, 2020: +7.95%, topped low COVID-era expectations with sizeable beat on deliveries
It has become more apparent over the past few quarters that delivery estimates have significantly less focus from investors, who are instead looking for progress in AI, Optimus, Cybercab, and other projects.
These things are the future of the company, and although Tesla will always sell cars, the stock is more impacted by the software the vehicle is running, and not necessarily the vehicle itself.
Dan Ives sees ‘Monster Year’ ahead for Tesla amid Robotaxi, FSD push
Production-ready Tesla Cybercab hits showroom floor in San Jose
