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SpaceX is about to have a fleet of Starship rockets
SpaceX has finished the last major stacking event for the business half of its fifth full-scale Starship prototype, meaning that the company may be a week or less from having a fleet of Starships for the first time ever.
As of now, Starship serial number 5 (SN5) is on track to be completed in under a month, continuing a trend that SpaceX has managed over the entirety of 2020. Beginning in mid-January, SpaceX has completed several nosecone pathfinders, three test tanks, and three full-scale Starship prototypes – soon to be four once SN5 is finished. Once it is, however, SpaceX will be entering a new era of operations – fleet operations.
Up to this point, every full-scale Starship prototype and test tank SpaceX has built – excluding the tank SN2 was turned into in March – has been quickly destroyed over the course of one or two tests. For better or for worse, this has meant that SpaceX’s test and launch pad has always been more or less self-clearing, making way for the next prototype to roll out and begin testing after the scraps of its predecessor were removed. This time around, barring Starship SN4’s imminent demise, SpaceX will now have to deal with multiple completed Starship prototypes at the same time – a tiny taste of things to come.
For unknown reasons, SpaceX decided to swap out Starship SN4’s lone Raptor engine (likely SN18) after multiple wet dress rehearsals, partial engine tests, and two static fire tests – at least one of which was confirmed a success by CEO Elon Musk. Most recently, SpaceX removed Raptor SN18 to perform a more ambitious cryogenic pressure test, pushing Starship SN4’s propellant tanks all the way to 7.5 bar (~110 psi) at the same time as hydraulic rams simulated the thrust of three Raptor engines at the rocket’s base.
Instead of reinstalling Raptor SN18, SpaceX transported Raptor SN20 to the launch pad and installed it on Starship SN4 on May 10th, less than 24 hours after the prototype passed an orbital-class pressure test.
Aside from installing Raptor SN20, SpaceX teams have spent the last few days adding new COPVs (composite overwrapped pressure vessels) and plumbing to Starship SN4’s exterior – purpose largely unknown. While the new hardware is mostly a mystery, it is known that SpaceX is in the process of preparing SN4 and its new Raptor engine for a third wet dress rehearsal (WDR) and static fire test, necessary to ensure that Raptor SN20 is properly installed and functioning as expected.
Assuming that third static fire is successful, SpaceX’s will prepare Starship SN4 for its first flight, a ~150m (500 ft) hop test that will also be the first intentional flight of any full-scale Starship prototype since the program’s birth. For that hop test, SN4 will need some kind of attitude control system (ACS) thrusters to control its rotation and provide fine trajectory tuning to assist the ship’s lone Raptor engine. This is the likeliest explanation for the new hardware being installed on Starship SN4, as the ship does not currently appear to have ACS thrusters installed.
Starship Troopers
Of course, the first flight of a full-scale Starship prototype will probably be the riskiest test yet for the program and there’s a good chance that SN4 will meet its demise at some point during that flight. Enter Starship SN5.
As of May 12th, Starship SN5’s final two tank sections were stacked, effectively completing the most important half of the rocket (minus one final circumferential ring weld). SN5’s final outfitting of avionics and plumbing is still pending and will take at least a few days to a week or more, but that work can and has been completed after prototypes are transferred by road to the launch pad. Currently, Starship SN4 is occupying SpaceX’s one and only pad test stand, however, meaning that it wouldn’t make much sense to immediately move SN5 to the launch pad – at least until SN4 is done testing.
SN5 will also need a nose section and, perhaps, flaps installed, meaning that the full ship is likely still at least a week or two away from being finished, but that likely wont stop SpaceX from proof testing the rocket’s tanks if or when SN4 makes space at the launch pad.
According to comments made by Elon Musk, SN5 will likely become the first Starship prototype to have three Raptor engines installed and the first to attempt a truly high-altitude flight test if Starship SN4 is met with success in the coming weeks. As absurd as it feels to say, if SN5 completes triple-Raptor testing and a 20 km (~12 mi) flight test without issue, Musk has stated that the next step would be orbital flight tests. Starship SN6’s steel rings, meanwhile, are already being formed and stacked as SN5 nears completion.
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Tesla expands Robotaxi app access once again, this time on a global scale
Tesla said recently it plans to launch Robotaxi in Miami, Houston, Las Vegas, Phoenix, and Dallas.
Tesla has expanded Robotaxi app access once again, but this time, it’s on a much broader scale as the company is offering the opportunity for those outside of North America to download the app.
Tesla Robotaxi is the company’s early-stage ride-hailing platform that is active in Texas, California, and Arizona, with more expansion within the United States planned for the near future.
Tesla said recently it plans to launch Robotaxi in Miami, Houston, Las Vegas, Phoenix, and Dallas.
The platform has massive potential, and Tesla is leaning on it to be a major contributor to even more disruption in the passenger transportation industry. So far, it has driven over 550,000 miles in total, with the vast majority of this coming from the Bay Area and Austin.
First Look at Tesla’s Robotaxi App: features, design, and more
However, Tesla is focusing primarily on rapid expansion, but most of this is reliant on the company’s ability to gain regulatory permission to operate the platform in various regions. The expansion plans go well outside of the U.S., as the company expanded the ability to download the app to more regions this past weekend.
So far, these are the areas it is available to download in:
- Japan
- Thailand
- Hong Kong
- South Korea
- Australia
- Taiwan
- Macau
- New Zealand
- Mexico
- U.S.
- Canada
Right now, while Tesla is focusing primarily on expansion, it is also working on other goals that have to do with making it more widely available to customers who want to grab a ride from a driverless vehicle.
One of the biggest goals it has is to eliminate safety monitors from its vehicles, which it currently utilizes in Austin in the passenger’s seat and in the driver’s seat in the Bay Area.
A few weeks ago, Tesla started implementing a new in-cabin data-sharing system, which will help support teams assist riders without anyone in the front of the car.
Tesla takes a step towards removal of Robotaxi service’s safety drivers
As Robotaxi expands into more regions, Tesla stands to gain tremendously through the deployment of the Full Self-Driving suite for personal cars, as well as driverless Robotaxis for those who are just hailing rides.
Things have gone well for Tesla in the early stages of the Robotaxi program, but expansion will truly be the test of how things operate going forward. Navigating local traffic laws and gaining approval from a regulatory standpoint will be the biggest hurdle to jump.
Tesla received a price target boost from Morgan Stanley, according to a new note on Monday morning, but there is some considerable caution also being communicated over the next year or so.
Morgan Stanley analyst Andrew Percoco took over Tesla coverage for the firm from longtime bull Adam Jonas, who appears to be focusing on embodied AI stocks and no longer automotive.
Percoco took over and immediately adjusted the price target for Tesla from $410 to $425, and changed its rating on shares from ‘Overweight’ to ‘Equal Weight.’
Percoco said he believes Tesla is the leading company in terms of electric vehicles, manufacturing, renewable energy, and real-world AI, so it deserves a premium valuation. However, he admits the high expectations for the company could provide for a “choppy trading environment” for the next year.
He wrote:
“However, high expectations on the latter have brought the stock closer to fair valuation. While it is well understood that Tesla is more than an auto manufacturer, we expect a choppy trading environment for the TSLA shares over the next 12 months, as we see downside to estimates, while the catalysts for its non-auto businesses appear priced at current levels.”
Percoco also added that if market cap hurdles are achieved, Morgan Stanley would reduce its price target by 7 percent.
Perhaps the biggest change with Percoco taking over the analysis for Jonas is how he will determine the value of each individual project. For example, he believes Optimus is worth about $60 per share of equity value.
He went on to describe the potential value of Full Self-Driving, highlighting its importance to the Tesla valuation:
“Full Self Driving (FSD) is the crown jewel of Tesla’s auto business; we believe that its leading-edge personal autonomous driving offering is a real game changer, and will remain a significant competitive advantage over its EV and non-EV peers. As Tesla continues to improve its platform with increased levels of autonomy (i.e., hands-off, eyes-off), it will revolutionize the personal driving experience. It remains to be seen if others will be able to keep pace.”
Additionally, Percoco outlined both bear and bull cases for the stock. He believes $860 per share, “which could be in play in the next 12 months if Tesla manages through the EV-downturn,” while also scaling Robotaxi, executing on unsupervised FSD, and scaling Optimus, is in play for the bull case.
Will Tesla thrive without the EV tax credit? Five reasons why they might
Meanwhile, the bear case is placed at $145 per share, and “assumes greater competition and margin pressure across all business lines, embedding zero value for humanoids, slowing the growth curve for Tesla’s robotaxi fleet to reflect regulatory challenges in scaling a vision-only perception stack, and lowering market share and margin profile for the autos and energy businesses.”
Currently, Tesla shares are trading at around $441.
News
Tesla Optimus dramatically collapses after teleoperator mishap
It seemed blatantly obvious that whoever was controlling the Optimus robot from behind the scenes did not disconnect their ability to manipulate its movements
Tesla Optimus dramatically collapsed after a teleoperator mishap at the company’s “Future of Autonomy Visualized” event in Miami this past weekend.
It seemed blatantly obvious that whoever was controlling the Optimus robot from behind the scenes did not disconnect their ability to manipulate its movements, then left the controls, causing Optimus to collapse.
A video captured at the event shows Optimus doing a movement similar to taking a headset off, likely what the teleoperator uses to hear guest requests and communicate with other staff:
🚨 Tesla Optimus mishap at the Miami event
To be fair, don’t we all want to do this around the Holidays? pic.twitter.com/EJ5QKenqQd
— TESLARATI (@Teslarati) December 8, 2025
After the headset removal motion was completed, Optimus simply collapsed backward, making for an interesting bit of conversation. While it was a mishap, it was actually pretty funny to watch because of the drama displayed by the robot in the situation.
This was obviously a mistake made by the teleoperator, and does not appear to be a spot where we can put any sort of blame on Optimus. It would have likely just stood there and waited for controls to resume if the teleoperator had disconnected from the robot correctly.
However, details are pretty slim, and Tesla has not announced anything explaining the situation, likely because it seems to be a pretty face-value event.
Tesla Optimus shows off its newest capability as progress accelerates
The Tesla Optimus program has been among the most hyped projects that the company has been working on, as CEO Elon Musk has extremely high hopes for what it could do for people on Earth. He has said on several occasions that Optimus should be the most popular product of all time, considering its capabilities.
Obviously, the project is still a work in progress, and growing pains are going to be part of the development of Optimus.
In its development of Optimus Gen 3, Tesla has been working on refining the forearm, hand, and fingers of Optimus, something that Musk said is extremely difficult. However, it’s a necessary step, especially if its capabilities will not be limited by hardware.
All in all, Optimus has still been a very successful project for Tesla, especially in the early stages. The company has done an excellent job of keeping Optimus busy, as it helps with serving customers at events and the Tesla Diner, and is also performing tasks across the company’s manufacturing plants.
Tesla expands Robotaxi app access once again, this time on a global scale
Tesla gets price target boost, but it’s not all sunshine and rainbows
