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Tesla’s partner IDRA shares insights on the Cybertruck Giga Press’ potential
Tesla’s next generation of vehicles will be built on the back of the Giga Press, a machine capable of producing massive, single-piece casts for critical components like an electric car’s rear underbody. In a recent video, IDRA, the company building the house-sized die-casting contraptions, shared some insights on the daunting machine’s development, its advantages, and its upcoming iterations like the 8,000-ton Giga Press that will be used for the Tesla Cybertruck.
In a recently posted video, IDRA General Manager Riccardo Ferrario explained that the Giga Press is specifically designed to be as environmentally-conscious as possible. Developed over several years, the Giga Press could provide automakers with a number of key advantages, such as less investments, less handling of parts, better quality, less energy consumption, and lower CO2 emissions. Consequently, these are things that are incredibly important to a company like Tesla, which has established itself as the frontrunner in the sustainable transportation movement.
#GigaBerlin #Gigapress
An important statement from the IDRA 🇮🇹 Group General Manager.
" what is GIGAPRESS and wich are GIGAPRESS innovative goals"
2 of them are already built on the GIGABERLIN.https://t.co/IWtPOzuQhT pic.twitter.com/pscXGmqm27— Gigafactory Berlin News (@Gf4Tesla) April 1, 2021
Much like Tesla’s electric car lineup, the Giga Press family is only getting started. As explained by the executive, IDRA is still looking to expand the Giga Press family, and recently, the company was able to do just that. Just last month, Ferrario remarked that IDRA received the first order for its largest machine yet—an 8,000-ton Giga Press specifically designed to produce parts for larger vehicles like pickup trucks and SUVs.
The IDRA executive did not name its customer for the order, though all signs are pointing to Tesla, a company that has already purchased numerous 6,000-ton Giga Presses from the Italian company. Tesla CEO Elon Musk has also mentioned that the Cybertruck’s rear underbody would be produced by an 8,000-ton die-casting machine, which is significantly larger than the Giga Presses used for the Model Y.
“We have increased our range of machines to encompass also another world first—an 8,000-ton die-casting press. And it is with great pride that I can announce, we have done it. It’s no longer just a dream or drawings on paper. It’s now reality. A reality that IDRA and the team behind the Giga Press have been able to execute in a very short space of time following the very high demand of our customer from all around the world.
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“The first-ever order for an 8,000-ton machine has now been received in March 2021. We are so excited about taking the idea of the Giga Press a step further and applying it directly to the SUV and truck market, which is an area, until now, not fully explored. Full electric trucks for transportation of goods used by companies such as DHL or Amazon can enlarge the market of Giga Press,” the IDRA General Manager said.
Tesla is currently putting the pedal to the metal on the construction of Gigafactory Texas, where the Cybertruck would be produced. As such, IDRA would have to put in a lot of effort to ensure that it can deliver its largest machine to date on time. If the executive’s message is any indication, however, it appears that IDRA is just as excited to push the limits of the die-casting industry just as much as Tesla is eager to push the limits of electric cars. This suggests that the 8,000-ton Cybertruck Giga Press might make it to Giga Texas at just the right time for the start of the all-electric pickup truck’s production.
Watch IDRA’s latest video on its Giga Press machines in the video below.
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SpaceX will report second quarter results after the market closes on Tuesday, August 4, marking the first time the company has opened its books to the public since its record IPO in June. Management will host a live audio only webcast at 4:30 p.m. ET, streamed on X, with no dial in option.
The debut carries more weight than a typical first quarter as a public company. Two trading days after the release, on August 6, the first tranche of SpaceX’s lockup expires, freeing roughly 911.5 million insider and employee shares, worth well over $100 billion at current prices and the largest such release in Wall Street history. A second, larger tranche tied to the stock trading 30 percent above its $135 IPO price never triggered, since shares have spent most of July trading below that price.
Wall Street’s models point to revenue near $6.9 billion for the quarter, up sharply from the $4.69 billion SpaceX reported in the first quarter, with a narrower per share loss than the $1.27 posted three months earlier, according to estimates compiled by Motley Fool. Those numbers will be the first look at how SpaceX’s three segments, Starlink, launch and AI, are performing independently.
SpaceX scores another massive Pentagon deal to support military satellites
Investors heading into the call have a specific list of questions. How many net new Starlink subscribers did SpaceX add after ending March with 10.3 million, and is average revenue per user holding up as the service expands into lower income markets. How much of the AI segment’s revenue reflects contract signings with Anthropic, Google and Reflection AI this year, deals that combined could annualize to nearly $28 billion if fully ramped. Whether capital expenditures, which nearly doubled in the AI segment alone between 2024 and 2025, are still accelerating or starting to plateau. And whether management offers any forward guidance at all, something SpaceX has never done publicly.
The report will also land days after Elon Musk publicly denied a Wall Street Journal report describing internal planning to separate Tesla’s China business ahead of a potential Tesla-SpaceX merger. Whether Musk or SpaceX executives address that speculation on the call, even indirectly, maybe something investors will be listening for on Tuesday.
As Teslarati reported after Musk’s own warning to short sellers last week, the CEO has made clear he expects skeptics to be proven wrong over time. Tuesday will be the first chance for the numbers themselves to make that case.
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Elon Musk
SpaceX’s Starship just got filmed by its own cargo
SpaceX released new footage of Starship in space captured by the Starlink satellites it deployed.
SpaceX released a new video Friday evening showing Starship from an angle showcased by its own Starlink satellites, watching the rocket drift away in orbit.
The 65 second clip, posted on X, stitches together footage from four cameras mounted on a single Starlink V3 satellite. It opens with a close view of Starship’s 171 foot upper stage, still catching sunlight, then pulls back as the two spacecraft separate.
The footage comes from Starship’s 13th flight test, which launched July 24 from Starbase after a scrubbed attempt and an abort caused by an engine issue the week before. When Flight 13 finally flew, it carried the first batch of functional Starlink V3 satellites Starship has ever deployed, twenty of them, with six equipped with cameras meant to scan the ship’s heat shield during reentry.
View of Starship in space from a Starlink V3 satellite on Flight 13.
This composite is made of imagery from four separate cameras on a single satellite. Six of the satellites were equipped with cameras to scan Starship’s heat shield and transmit imagery down to operators to… pic.twitter.com/sNTHHz5vLr
— SpaceX (@SpaceX) July 31, 2026
Flight 13 checked most of its boxes. Starship deployed all 20 satellites, relit a Raptor engine in space, and splashed down softly in the Indian Ocean off Western Australia. Musk’s longer term plan calls for a Starlink V3 constellation of 100,000 satellites, according to a recent FCC filing, with Starship as the only vehicle capable of launching them at the volume that requires. Each Starship flight is designed to carry up to 60 V3 satellites once the vehicle reaches routine service, well beyond what Falcon 9 can carry in a single mission.
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Starship is next expected to fly with an attempt at catching the ship itself with the launch tower’s mechanical arms, a maneuver SpaceX has so far reserved for the Super Heavy booster.
Tesla flexed the new features of the Model Y L with a dedicated media event at the company’s Diner on Santa Monica Boulevard in Los Angeles.
The Model Y L is the extended-wheelbase version of the all-electric crossover, which has been voted the best-selling car in the world on three occasions. The vehicle is already rolling off production lines at Gigafactory Texas, and first deliveries are slated to take place later this year.
Tesla brings Model Y L ‘Launch Series’ to the U.S. at $61,990
Teslarati was invited to the event, but due to some scheduling conflicts, we could not make it to Los Angeles. Instead, we will have our hands on a media unit sometime in August, so we’ll be able to spend some more extended time with the Model Y L.
However, plenty of those who made it to LA shared some cool features that set the Model Y L apart from the Model Y.
Multi-Row Climate Control
Tesla fitted the Model Y L with full climate control on all three rows on the front screen. It can be adjusted by selecting which row you’d like to modify on the right-hand side of the touch screen:
The Model Y L has a little row of icons on the right side of the climate screen so the front passenger can more quickly jump to whatever row they want to control. pic.twitter.com/uJS44mgCvk
— Sawyer Merritt (@SawyerMerritt) July 30, 2026
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Better Rear Window Visibility
One of the strangest things about the Model Y, especially the Juniper iteration, is the rear window has extremely limited visibility when looking into the rearview mirror.
Tesla has improved upon this with the Model Y L:
This is a drastic difference. https://t.co/wTdhitD5aA pic.twitter.com/z6hFs0Jkss
— TESLARATI (@Teslarati) July 30, 2026
PowerShare will be included
Model Y L will come with PowerShare in North America, with an 11.5kW output to your home. Tesla said it would require Powerwall 3 for operation.
Wireless Charging Pad
There has been some speculation that Tesla would upgrade the wireless charging pads in the United States, but this is not the case.
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Tesla owner fixes common feature complaint with crafty DIY retrofit
Tesla confirmed that it does not come with the cooled pads as the Y L in China does. This is because North America has not adopted Qi charging yet.
Thermal Management Improvements
These improvements in the Model Y L were seen with thermal management:
- Up to 15% faster cabin cooling
- +23% thermal efficiency gained in hot weather, 7 miles of real-world range gained
- 8x more solar energy reflection off of glass roof
- 30% reduction in solar energy entering the cabin
Some of the thermal management improvements in the new Model Y L Premium:
• Up to 15% faster cabin cooling
• Up to 15 min faster cabin cooling in sunny conditions
• +23% thermal efficiency gained in hot weather +7 miles of real-world range gained
• +10 miles recovered after… pic.twitter.com/jZirFWFdtO— Sawyer Merritt (@SawyerMerritt) July 31, 2026
Demand
Tesla said the Model Y L is almost sold out in the U.S. It comes with
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- 1 year of FSD Supervised
- 1 year of Supercharging
- 1 year of Premium Connectivity
- Free exterior paint color, interior, and wheel option at no additional cost
SpaceX’s biggest test yet arrives this week and it’s not a rocket launch
SpaceX’s Starship just got filmed by its own cargo
