Tesla is facing another call for boycotts of its electric vehicles (EVs) in Europe, following Elon Musk’s controversial appearances at U.S. President Trump’s inauguration last week and at a campaign event for the Alternative for Germany (AfD) over the weekend.
On Saturday, Musk spoke virtually at a rally for Germany’s AfD, which is widely considered a far-right nationalist party, saying that there was “too much of a focus on past guilt” in what many reported to be referencing the Nazis.
Following the event, Poland’s Minister of Sports and Tourism, Slawomir Nitras, called for strong condemnation of Musk and a Tesla boycott on Monday, coming on the 80th anniversary of the liberation of Jews from Auschwitz (via Polish Press Agency).
“There is no justification for any reasonable Pole to continue purchasing Teslas. A serious and strong response is necessary, including a consumer boycott,” Nitras said. “This ‘Hydra’s’ head may grow back. And, particularly on a day like today, on the anniversary of the Auschwitz liberation, we must remember and loudly speak the truth.”
At the time of writing, Poland’s Ministry of Foreign Affairs has not responded to Teslarati’s request for comment on the report.
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The statement comes after Musk over the weekend encouraged German’s AfD party to be proud of being German during a campaign event on Saturday, and after he performed what appeared to be a Nazi salute during U.S. President Donald Trump’s inauguration ceremony last Monday.
“I think there’s, like, frankly, too much of a focus on past guilt, and we need to move beyond that,” Musk said during the AfD rally. “Children should not be guilty of the sins of their parents or even, let alone their parents, their great grandparents, maybe even. And we should be optimistic and excited about a future for Germany.
“That’s really what it is, to be excited, to be optimistic about the future, to preserve German culture and protect the German people. And you know, there are some other things that I think would be very helpful too, which is that, I think you want more self-determination for Germany and for the countries in Europe, and less from Brussels.”
He also warned of “multiculturalism that dilutes everything,” stoking fears of the world becoming “the same everywhere, where it’s just one big sort of soup.”
The event comes ahead of a key German election being held on February 23, and Musk also said that it could “decide the entire fate of Europe and maybe the fate of the world.”
Ahead of the AfD appearance, many executives and boardmembers in Germany announced their disdain for Musk’s apparent Nazi salute, echoing their intentions to avoid purchasing Tesla’s EVs in the future.
“We can no longer support the path we are currently on,”said Lars Viebrock, Viebrockhaus CEO. Others highlighted the “incompatibility” between Musk’s statements and the values of Tesla’s products.
Tesla Germany declined to comment on the matter or on Musk’s recent rally appearances.
Despite downplaying the events with Nazi-related jokes, and his pointing to “how insanely hard legacy media tried to cancel me for saying ‘my heart goes out to you,’” Musk has also gained support from Israel Prime Minister Benjamin Netanyahu, who called the Tesla CEO “a great friend of Israel.”
“He visited Israel after the October 7 massacre in which Hamas terrorists committed the worst atrocity against the Jewish people since the Holocaust,” Netanyahu said. “He has since repeatedly and forcefully supported Israel’s right to defend itself against genocidal terrorists and regimes who seek to annihilate the one and only Jewish state. I thank him for this.”
Tesla has also been facing significant pressure from union strikes and sympathy strikes in Sweden over the last year, with multiple industries attempting to block delivery of the company’s EVs, license plates for buyers, and the connection of new Supercharger stalls to the electrical grid.
What are your thoughts? Let me know at zach@teslarati.com, find me on X at @zacharyvisconti, or send us tips at tips@teslarati.com.
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The Boring Company just doubled its tunneling power in Nashville
The Boring Company’s Prufrock MB2 is commissioned and ready to mine beneath Nashville’s streets.
The Boring Company’s second tunnel boring machine, Prufrock MB2, is officially ready to dig in Nashville. The company confirmed the news on X, posting: “Prufrock-MB2 is ready to mine in Nashville! MB2 commissioning is complete, including the brief 11 rpm rotation shown here. Will MB2 catch up to MB1, who had quite the head start? And Prufrock-MB3 ships in August!”
MB2 arrives with meaningful improvements over its predecessor. Lessons learned from the launch and operation of MB1 have already been applied to MB2 to improve efficiency and prepare the machine for launch.
Traditional tunnel boring machines operate in a stop-and-go cycle, digging roughly five feet, halt, erect precast concrete segments to line the tunnel wall, then resume. That repeated interruption is one of the main reasons conventional tunneling is slow and expensive. Prufrock is designed to install the tunnel liner simultaneously with mining, eliminating the need to stop every five feet. The machine also skips the need for excavated launch pits. Prufrock arrives on a truck, tilts down, and launches into the ground within 24 hours. And when the tunnel is complete, it emerges from the ground and drives to its next launch site on a trailer, eliminating the need for expensive cranes or pit excavation. The machine is also fully electric and runs with zero people in the tunnel during normal operations, controlled remotely from a surface operations center.
Prufrock-MB2 is ready to mine in Nashville! MB2 commissioning is complete, including the brief 11 rpm rotation shown here.
Will MB2 catch up to MB1, who had quite the head start?
And Prufrock-MB3 ships in August! pic.twitter.com/TTrMql2aRg
— The Boring Company (@boringcompany) June 17, 2026
It won’t be long before we hear of another major update on The Boring Company’s Music City Loop project – a planned underground transit network beneath Nashville that would move passengers in electric vehicles through a series of tunnels at highway speeds, and bypassing surface traffic entirely. Nashville was selected in part because of its strong rock conditions that suits the Prufrock machines well, and relatively less regulatory hurdles.
Progress has been steady on multiple fronts. All 37 permits and approvals required ahead of tunneling have been obtained, out of 45 total. Key wins include a fully executed TDOT tunnel permit authorizing 25 miles of tunnel, unanimous airport authority approval for a Nashville International Airport station, and the city’s first residential station agreement serving downtown tower residents.
With MB1 already tunneling, MB2 now commissioned, and MB3 shipping in August, Nashville is becoming something of a live proving ground for scaled tunnel boring. The broader ambition is not limited to one city. The Boring Company’s stated goal is to make underground transportation a practical alternative to surface roads across major metro areas. Nashville is one of many cities, including a successful Las Vegas tunnel system, where that idea is being put to the test at real speed.
Elon Musk
Elon Musk just put a $1 Trillion revenue number on SpaceX
SpaceX surged 19% on its first trading day as Musk projected $1 trillion revenue by 2030.
Just days after SpaceX stock pushed its market cap past $2 trillion on its first trading session, closing at $160.95, a 19% gain on the $135 IPO price, Elon Musk posted his own revenue projection on X that went well beyond anything Wall Street modeled. “I think SpaceX might be able to reach approximately $1T revenue in 2030,” Musk wrote, then followed up: “And I would be surprised if revenue is not greater than $1T in 2031.” That forecast sits roughly three times above the most bullish institutional estimate on the table.
Morgan Stanley, one of the lead underwriters, projects SpaceX revenue of $160 billion in 2028, $330 billion in 2030, and $3.4 trillion by 2040, with adjusted EBITDA projected to exceed $2.7 trillion at that point. Reaching those numbers from SpaceX’s $18.7 billion in 2025 revenue requires a compound annual growth rate of roughly 42%, which would outpace even Amazon’s fastest growth era. Morgan Stanley’s model places AI infrastructure as the heaviest revenue driver, projecting $190 billion from SpaceX’s AI business alone by 2030. That figure is anchored to xAI’s Grok platform and the Colossus supercomputer following the earlier merger.
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The government revenue pipeline provides a more predictable foundation under those projections. As we have previously reported, SpaceX holds at least $22 billion in cumulative federal contracts across NASA, the Space Force, the NRO, and the Space Development Agency, with 52 active contracts carrying $11.8 billion in remaining value. The NASA Artemis Human Landing System contract alone is valued at $4.04 billion, covering a second crewed lunar landing demonstration targeted for the Artemis IV mission. SpaceX is also a frontrunner for the Golden Dome missile defense shield, and the FAA has approved up to 44 Starship launches from LC-39A in 2026, setting the stage for Starship to become the backbone of both commercial and government heavy lift. Whether Musk’s $1 trillion number proves visionary or simply optimistic, the infrastructure to get there is already being funded.
Elon Musk
SpaceX (SPCX) IPO is live today at $135: Here’s exactly what you need to know
SpaceX priced its historic IPO at $135 per share today, raising a record $75 billion.
SpaceX officially priced its initial public offering at $135 per share, offering 555,555,555 shares of Class A common stock and raising $75 billion in what is the largest IPO in stock market history. Shares are set to begin trading on the Nasdaq Global Select Market on Friday, June 12, under the ticker symbol SPCX. The previous record holder was Saudi Aramco’s 2019 offering at $29 billion, followed by Alibaba’s $22 billion offering in 2014.
At $135 per share and roughly 555.6 million shares, the implied valuation sits near $1.75 trillion, which would make SpaceX roughly the seventh largest company in the United States, just above Tesla’s current market cap. Regular investors can request shares at the IPO price through Robinhood, Fidelity, Charles Schwab, SoFi, and E*TRADE, though the deal is heavily oversubscribed and most retail allocations will be partial or unfilled. Once trading opens June 12, anyone with a brokerage account can buy SPCX on the open market.
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The valuation is anchored primarily by Starlink. Starlink crossed 10 million subscribers as of February 2026 and is adding 750,000 to 1.5 million new users per month, with the connectivity segment already posting a $1.19 billion profit last quarter. The offering also bundles in xAI following SpaceX’s all-stock merger earlier this year, adding Grok and the Colossus supercomputer to the investment thesis. As Teslarati reported, Starlink ended 2025 with $10 billion in revenue, a figure analysts project could reach $24 billion by end of 2026.
Wedbush analyst Dan Ives has been vocal in his support. “I think the time is right,” Ives said, adding that the offering expands the Elon Musk ecosystem rather than competing with Tesla. An average 12-month price target of $165 per share represents roughly 22% upside from the IPO price. Not everyone agrees – Motley Fool noted xAI is spending $1 billion per month playing catch-up to OpenAI and Anthropic.
Musk founded SpaceX in 2002 with a single stated purpose. “Elon founded SpaceX with a goal to change humanity, to make us a multi-planet species,” CFO Bret Johnsen said in the company’s retail roadshow video this week. Musk himself has been more direct: “We are building the systems and technologies necessary to provide global connectivity on Earth and beyond, to understand the true nature of the universe, and to extend the light of consciousness to the stars.”
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