News
Tesla invites Europeans to take ‘Drive To Believe’ challenge: one week with Model S
A new program being offered by Tesla invites residents in select European markets to participate in the company’s latest ‘Drive To Believe’ challenge and win a chance to experience Model S through an extended one week test drive.
Residents of the UK, Germany, Netherlands, Norway, Sweden, Switzerland, France, Austria, Belgium, Finland, Luxembourg, Italy, Denmark, and Ireland that win the challenge will have the opportunity to swap their existing vehicles for a Tesla Model S on specific dates between November 16 and December 31, 2016.
“At Tesla, we believe that it takes driving a Tesla and experiencing its superior performance, safety, and technology, to be convinced. We now want to give you that opportunity as well.”, reads the description on Tesla’s ‘Drive to Believe’ online form.
It’s no secret that Tesla is making a significant investment in expanding its European footprint. CEO Elon Musk recently told investors that the company has plans to expand its battery production into Europe with a second Gigafactory. The company also recently announced that it had acquired top-notch German engineering firm Grohmann Engineering to form a new division aimed at building automated assembly systems, a step towards Musk’s goal of “building the machine that builds the machine”. Continued efforts on scaling Tesla’s European infrastructure while streamlining manufacturing processes and logistics allows the company to position itself ahead of demand.
Meanwhile, programs such as the latest ‘Drive To Believe’ challenge allows the company’s sales arm to focus on driving demand overseas. Secondarily, by having prize winners sign off on terms that would allow Tesla to film their experience with a Model S, the company is able to leverage its Customer Stories program as a tool to build trust among interested buyers and further stimulate sales efforts.
We’ve included the full details of Tesla’s ‘Drive to Believe’ European competition.
TESLA ‘DRIVE TO BELIEVE’ EUROPEAN COMPETITION 2016
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1. The promoter
1.1 The promoter is: Tesla Motors Netherlands B.V., Burgemeester Stramanweg 122 (1101 EN), Amsterdam Netherlands (Tesla).
2. The competition
2.1 The title of the competition is TESLA ‘DRIVE TO BELIEVE’.
2.2 Entrants must answer a skill-based question within the space provided in the competition field online at www.tesla.com/drive-to-believe
2.3 The competition will run in one phase. For you to be eligible for the competition, your entry must be submitted between 00:01 on 16th November to 23:59 on 31 December 2016
2.4 You may enter the competition only once.
2.5 All competition entries received after 23:59 on 31 December 2016 will be automatically disqualified from the competition.
2.6 To enter the competition you must fill in all required fields on www.tesla.com/drive-to-believe
2.7 Participation in the competition can only take place at www.tesla.com/drive-to-believe. No applications to enter made in any other manner will be accepted.
2.8 No purchase necessary.
2.9 Tesla will not accept:
(a) responsibility for competition entries that are lost, mislaid, damaged or delayed in transit, regardless of cause, including, for example, as a result of any equipment failure, technical malfunction, systems, satellite, network, server, computer hardware or software failure of any kind; or
(b) proof of transmission as proof of receipt of entry to the competition.
2.10 By submitting a competition entry, you are agreeing to be bound by these terms and conditions.
2.11 The competition entry selection will be based on the entrant’s specific eligibility for the competition. The decision of Tesla (acting reasonably) will be final. Tesla reserves the right to amend the criteria used to judge entries.
2.12 By entering the competition, you hereby warrant that all information submitted by you in your entry is true, accurate and complete in every respect. Tesla reserves the right to verify any information contained in your entry and/or your eligibility to enter the competition.
2.13 Tesla reserve the right in its absolute discretion to disqualify any entrant if it has reasonable grounds to believe that an entrant has breached any of these terms and conditions or any applicable law. Each entrant acknowledges and agrees that any failure to comply with these terms and conditions could lead to Tesla disqualifying that person, without Tesla giving any reason for such disqualification or granting any opportunity for challenge.
2.14 In the event that a prize-winner is disqualified from the competition, Tesla will select an alternative prize-winner in the same manner as the original prize-winner and such selection will be subject to these terms and conditions.
3. Eligibility
3.1 The competition is only open to all residents in the following European markets: UK, Germany, Netherlands, Norway, Sweden, Switzerland, France, Austria, Belgium, Finland, Luxembourg, Italy, Denmark, Ireland
3.2 Entrants must be 25 years of age or above and own a car and hold a valid driver’s license for the market they reside in and enter the competition from.
3.3 Entrants must be able to provide proof of identity.
3.4 Entrants must be willing to be filmed and for all footage and image and voice recordings of their person to be used for Tesla promotional purposes, in all media, globally, in perpetuity for no additional fee or financial remuneration of any kind.
3.5 Any person that is any of the following is not eligible to win the competition:
(a) an employee of Tesla or its holding or subsidiary companies;
(b) an employee of agents or suppliers of Tesla or its holding or subsidiary companies, who are professionally connected with the competition or its administration; or
(c) a member of the immediate families or households of (a) and (b) above.
Tesla reserves the right to disqualify any person that it knows is, or has reasonable grounds to believe is, ineligible for the competition as a result of this condition.
3.6 In entering the competition, you confirm that you are eligible to do so and eligible to claim the prize. Tesla may require you to provide proof that you are eligible to enter the competition.
3.7 Tesla will not accept competition entries that are:
(a) automatically generated by computer;
(b) completed by third parties;
(c) illegible, have been altered, reconstructed, forged or tampered with;
(d) incomplete.
3.8 There is a limit of one entry per person for the duration of the competition. In the event that Tesla discovers or has reasonable grounds to believe that the same person has made multiple entries, such person and any entries made by them shall be disqualified and, if such entrant has already been selected as a prize-winner, an alternative prize-winner will be selected in accordance with condition 2.14
3.9 Tesla reserves all rights to disqualify you if your conduct is contrary to the spirit or intention of the competition or if you engage in political slogans or homophobic language, behaviour of a lewd or explicitly sexual nature or engage in content which is defamatory, obscene, illegal, vulgar, offensive or otherwise unsuitable or infringes others’ rights (including intellectual property rights).
4 The prize
4.1 The prize is as following:
(a) Competition winners must swap their current car for a Tesla Model S for the duration of one week to take place on specific dates Tesla will select between 00:01 on 16th November to 23:59 on 31 December 2016.
4.2 The prize is supplied by Tesla.
4.3 There is no cash alternative for the prize. The prize is not negotiable or transferable.
4.4 In order to claim the prize you must comply with condition 6.
5. Winner announcement
5.1 The winners of the competition will be announced across all media to be selected by Tesla on a date or dates to be selected by Tesla.
5.2 The decision of Tesla is final and no correspondence or discussion will be entered into.
5.3 Tesla will contact the winner personally as soon as Tesla has selected a shortlist of winners.
6. Claiming the prize
6.1 If you are the winner of the prize, you will have 2 days from the Announcement Date to claim the prize. If you do not claim the prize within this timeframe, your claim will become invalid.
6.2 The prize may not be claimed by a third party on your behalf.
6.3 Tesla will make all reasonable efforts to contact the winner. If the winner cannot be contacted or is not available, or has not claimed their prize within 2 days of contact, Tesla reserves the right to offer the prize to the next eligible entrant selected from the correct entries that were received.
6.4 Tesla does not accept any responsibility if you are not able to take up the prize.
6.5 No prize will be awarded where any entrant has committed any form of misconduct (as determined by Tesla in its sole discretion).
7. Limitation of liability
Insofar as is permitted by law, Tesla, its agents or distributors will not in any circumstances be responsible or liable to compensate the winner or accept any liability for any loss, damage, disappointment, personal injury or death occurring as a result of any entrant entering this competition, taking up the prize, or as a result of any entrant winning or not winning any prize, except where it is caused by the negligence of Tesla, its agents or distributors or that of their employees. Your statutory rights are not affected.
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8. Ownership and intellectual property rights
8.1 You agree that Tesla (and any third party authorised by Tesla) may use your person, voice and image for any promotional purpose (for example, placing it on the Tesla webpage and social channels for advertising media. You give Tesla (and any third party authorised by Tesla) your irrevocable permission to use, reproduce, publish, display, transmit, copy, amend, store, sell and sub-license your person, voice and image worldwide and in perpetuity for promotional purposes and for the purposes of the competition. Tesla will own the right to your image and voice recordings captured during the duration of the competition.
8.2 By submitting your competition entry, you agree to:
(a) assign to Tesla all your voice and image rights with full title guarantee; and
(b) waive all moral rights,
8.3 You agree that Tesla may, but is not required to, make your personal image and voice recordings available on our social media channels and websites and any other media, whether now known or invented in the future, and in connection with any publicity of the competition. You agree to grant Tesla a non-exclusive, worldwide, irrevocable license, for the full period of any intellectual property rights in your image and voice recordings, to use, display, publish, transmit, copy, edit, alter, store, re-format for such purposes.
9. Data protection and publicity
9.1 If you are the winner of the competition you agree that Tesla may use your name, image, and town or country of residence to announce the winner of this competition and for any other reasonable and related promotional purposes.
9.2 You further agree to participate in any reasonable publicity required by Tesla.
9.3 By entering the competition, you agree that any personal information provided by you with the competition entry may be held and used only by Tesla or their agents and suppliers to administer the competition.
10. General
10.1 If there is any reason to believe that there has been a breach of these terms and conditions, Tesla may, at its sole discretion, reserve the right to exclude you from participating in the competition.
10.2 In the event of any dispute regarding these terms and conditions, the conduct or results of the competition, or any other matter relating to a competition, the decision of Tesla shall be final and unchallengeable and no correspondence or discussion shall be entered into, comment issued, or reason given in respect of any decision made by Tesla.
10.3 Tesla reserves the right to hold void, suspend, cancel, or amend all or any part of the competition where it becomes necessary to do so. Any changes to these terms and conditions, or cancellation of the competition, will be posted on the Tesla website. It is the responsibility of entrants to keep themselves informed as to any changes to the terms and conditions.
10.4 These terms and conditions and any dispute arising out of or in connection with them or their subject matter (including any non-contractual disputes or claims) shall be governed by the laws of the Netherlands and the parties submit to the exclusive jurisdiction of the courts of The Netherlands.
Elon Musk
SpaceX’s next trillion dollar bet has nothing to do with rockets, Musk tells staff
Elon Musk told SpaceX staff AI revenue will soon dwarf rockets and Starlink combined entirely.
Elon Musk told SpaceX employees this week that artificial intelligence, not rockets, will soon carry the company’s revenue. In a roughly 29 minute internal address posted on SpaceX’s X account on Tuesday, Musk said AI revenue will pass every other line of business at SpaceX “probably in September” and pull further ahead by the fourth quarter.
The numbers he gave are specific. SpaceX currently runs 1.4 gigawatts of AI compute capacity. Musk wants that at 10 gigawatts by the end of 2027, a jump he tied directly to revenue: “if we bring 10GW of AI online by the end of next year, it will be $300 billion to $500 billion a year in revenue.” He called those “big numbers,” which undersells a projection larger than what most countries produce in a year.
We made rockets reusable and are rebuilding the internet in space. The next challenge: making life multiplanetary and understanding the true nature of the universe
Watch @ElonMusk deliver a company update to @SpaceX employees pic.twitter.com/5c8rxoCQfu
— SpaceX (@SpaceX) August 11, 2026
Musk went further on where AI fits into SpaceX’s future. “Probably in four or five years, AI will be 99% of the value of SpaceX,” he told staff, adding that digital intelligence would eventually run “a trillion times” ahead of biological intelligence as computing scales. He tied that growth to the company’s founding mission, telling employees “we must win on AI, because the future is overwhelmingly AI and robots,” with the payoff meant to help fund Starship and a Mars program that increasingly runs through Terafab, the joint Tesla, SpaceX and xAI chip plant.
Elon Musk launches TERAFAB: The $25B Tesla-SpaceXAI chip factory that will rewire the AI industry
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None of this is entirely new territory. SpaceX told investors much the same story during its first earnings call as a public company on August 4, where Musk moved the company’s $1 trillion revenue target up a year to 2030 and said Starlink could someday carry a majority of the world’s internet. What the all hands video adds is a hard deadline and a specific power figure Musk had not given publicly before, along with a franker pitch to his own workforce that AI, not launch cadence, is now the thing SpaceX is betting its future on.
The AI revenue itself is not coming from SpaceX training its own models. It is largely Starlink acting as the network layer for xAI’s workloads, plus SpaceX renting out compute capacity directly, the same approach behind the roughly $16 billion the company spent on AI infrastructure in a single quarter.
Musk closed the video with a pitch aimed at recruiting and retention rather than investors, telling employees that anyone who helps SpaceX win the AI race will eventually get the chance to go to the moon or Mars themselves. Whether SpaceX can turn 1.4 gigawatts into 10 in seventeen months is the more immediate question, and one that will show up in quarterly numbers well before anyone leaves Earth.
In a new note to investors on Tuesday, Morgan Stanley analyst Andrew Percoco said that Tesla has one big financial question to answer for investors regarding its Robotaxi rollout, Full Self-Driving software, and Optimus.
Percoco said in the note that, for the most part, investors are still very positive about the direction the company is headed. However, there are some things the firm would like to see, and they have to do with financials.
Tesla (TSLA) Q2 2026 earnings results: miss on EPS, beat on revenue
Tesla bulls are more than convinced that the company’s Full Self-Driving software is proof it can develop physical AI. Financially, however, there are still some questions, especially on elevated spending, which CEO Elon Musk said would occur as the company works to roll out Robotaxi faster and continue developing its Optimus robot.
The latter two are where Tesla will have to prove progress to investors, as Percoco writes that both projects “will require clearer evidence that Robotaxi is scaling and more tangible Optimus proof points to support the ROI on elevated capex.”
Percoco said the second quarter earnings call did not change his long-term thesis of where Tesla is positioned in the AI race, which is out in front. However, there are concerns that weaker gross margins and higher R&D spend will stress financials, and that has “sharpened our (and investors’) focus on measurable progress across Robotaxi and Optimus.”
Additionally, Robotaxi still needs to be proven with more operation in existing cities while maintaining safety but improving how many rides it gives in any given time, he said. For Optimus, Percoco wrote that he is “still looking for evidence beyond commentary around SOP.”
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Morgan Stanley put Percoco in charge of covering Tesla after long-time analyst Adam Jonas transitioned to the automotive side.
Currently, Morgan Stanley has a $415 price target on Tesla and a ‘Hold’ rating on the stock. It is trading at around $330 at the time of publication, which was 2:30 P.M. on the East Coast.
SpaceX’s massive investment in AI will make it a big winner, Argus Research said after the company’s successful earnings call last week.
The firm also upgraded shares to a Buy from Hold and set a $160 price target.
SpaceX (NASDAQ: SPCX) is currently recovering from its heavy AI infrastructure investments, as it spent nearly $16 billion in Q2 alone. The company did this primarily by monetizing high-demand GPU compute capacity at a much faster pace than traditional data center economics would suggest.
Company CFO Bret Johnsen said that SpaceX would be able to pay back anything on new deployments within a year.
There are plenty of ways the company can do this:
Leasing excess compute capacity through contracts
SpaceX has already built Colossus and Colossus II, largely for its own model training. However, much of that capacity is already rented out to third parties. It already has major deals with Anthropic, Google, and Reflection AI. These partnerships are adding billions per month to SpaceX’s spreadsheet.
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High utilization driven by industry-wide scarcity
The demand for advanced AI training and inference capacity continues to exceed what is available for use. SpaceX can fill new racks quickly after they come online, so the capital deployed converts into revenue with minimal idle time.
Additionally, management and outside observers have described the new compute capital as behaving more like a cost-of-goods-sold than traditional multi-year capex, especially because of this rapid monetization pattern.
Capacity has already scaled from ~0.4 GW a year to 1.4 GW annually by the end of Q2. There are targets of more than 2 GW by year-end.
High incremental margins on the rental business once capacity is online
GPU cloud providers often operate at strong gross margins. SpaceX can monetize capacity that was already partially built or can be added efficiently. This means that incremental EBITDA margins on the rental revenue are usually high. This accelerates cash recovery relative to the gross capital outlay.
Parallel monetization of its own AI software and applications
Beyond pure infrastructure rental, SpaceX also generates revenue from Grok through subscriptions and usage, from X through ads, data, and other related services, enterprise APIs, and the planned integration of the Cursor coding tools acquisition.
These application layers ride on the same compute infrastructure and provide additional high-margin streams that could offset build-out costs. AI-segment revenue overall rose sharply to about $2.6 billion in Q2, according to Motley Fool. This was driven primarily by the infrastructure contracts, but the software side is also partially responsible.
Efficient, large-scale deployment and vertical integration advantages
SpaceX has emphasized the rapid construction of power and cooling infrastructure and favorable cost-per-megawatt economics relative to industry benchmarks in some disclosures.
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Combined with its ability to scale capacity aggressively and the fact that many contracts start generating revenue within months of capacity coming online, the effective payback compresses dramatically compared with more conventional multi-year data-center projects.
SpaceX’s dominant near-term recovery path will turn the AI clusters into a hyperscale-style compute rental business for other leading AI companies while still using a portion for internal models.
SpaceX’s next trillion dollar bet has nothing to do with rockets, Musk tells staff
Tesla has one big financial question to answer for investors: Morgan Stanley
