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[Update: not so fast…] SpaceX retires brand new Starship to focus on orbital launch buildup
SpaceX has moved its newest finished Starship straight from its Boca Chica, Texas factory to a nearby ‘rocket garden,’ all but guaranteeing an early retirement.
Built as the first of several planned backups to Starship SN15, which debuted a number of significant upgrades in April and May, it appears that Starship serial number 16 (SN16) has been retired to a display stand after its only sibling became the first full-size prototype to successfully survive a launch and landing on May 5th. SN16 actually reached its full height before SN15 lifted off and was more or less complete by May 10th. Since then, the prototype has remaining more or less untouched, seemingly waiting for SpaceX to decide its fate in lieu of Starship SN15’s major success.
Ultimately, with SN16 now sitting side by side with SN15 at what will likely become a sort of open-air SpaceX museum, it appears that the company has made up its mind.
Once SN15 touched down, safed itself, and remained standing after a near-flawless 10 km (6.2 mi) test flight, questions about Starship SN16’s fate almost immediately arose. From the outside looking in, replicating that spectacular success was judged a logical next step by many in light of the four variously unsuccessful Starship launches that closely preceded it. If SpaceX could land SN15 and then successfully recover an entirely separate Starship weeks later, it would all but eliminate the possibility that – much like several different failure modes popped up on SN8 through SN11 – the first total success was a fluke.
Given that SN16 was quite literally completed within days of SN15’s launch and landing, it seemed an almost foregone conclusion that SN16 would fly. For a few weeks, it even looked possible that SpaceX would attempt to reuse Starship SN15. However, SpaceX appeared to decide against reuse and rolled its first flight-proven full-size Starship from the pad to a plot of land expected to host a future ‘garden’ for retired SpaceX rockets.
After its three intact flight-proven Raptor engines – valuable in their own right – were removed, Starship SN15 was seemingly retired around May 26th. Three weeks later, SN16 has (quite literally, to an extent) followed in SN15’s footsteps, bowing to an apparently virulent desire within (or at least atop) SpaceX to launch Starship into space and orbit as quickly as possible. From that perspective, assuming enough data was gathered by Starship SN15 to encourage significant confidence that its survival wasn’t an ‘accidental success,’ reusing Starship SN15 or flying Starship SN16 would only really benefit a line of prototypes that had just made itself obsolete.
Much like Starship SN15 debuted “hundreds of improvements” across the board, CEO Elon Musk revealed that Starship SN20 would also involve a “major technology [revision]” to produce the first prototypes with full heat shields, a stage separation mechanism, vacuum-optimized Raptor engines, and more. In fact, that process may still be ongoing, which could explain why SpaceX has yet to begin assembling Starship SN20 – various subsections and components of which have already been completed in Boca Chica.
Confirmed by Musk in March, SpaceX has been working towards a target of no later than July 2021 for Starship’s first orbital test flight. Given that Starship SN20 has yet to enter the assembly phase and that Super Heavy “Booster 2” (BN3) will be the first of its kind and likely need to pass several major tests on its own, July is no longer within reach. Of course, an orbital launch attempt anytime in 2021 would still be a staggering achievement for SpaceX, beating the likes of Vulcan Centaur, New Glenn, and Ariane 6 to the punch despite Starship’s superior performance, unprecedented design challenges, and grander ambitions.
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
