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Tesla’s Elon Musk strikes diplomatic note on climate change, oil and gas in podcast interview
Tesla CEO Elon Musk has been outspoken on many issues over the years, and as the leader of the most successful electric car company in the world, it’s not surprising when his comments are aimed at skeptics of climate change and promoters of oil and gas industry expansions. That said, Musk is also quite aware of the nuances involved with industry that make things less binary than green energy advocates often frame them. In a recent podcast hosted by Kara Swisher called Sway, the serial entrepreneur took a more diplomatic tone than usual when discussing our planet’s future, fossil fuels, and the people involved in their production.
Swisher’s interview style is straightforward, and her opinions on matters under discussion are barely veiled. After a rocky start that prompted Musk to become a bit combative in his replies (“Sell your stock, I don’t care. What’s the point of this podcast?”), their discussion made its way to the emerging climate-focused market and steps being taken by governments both in the US and around the world. “I think these are all indications that the end of fossil fuel vehicle is nigh,” Musk replied in reference to his thoughts on California Governor Gavin Newsom’s latest executive order banning the sale of new fossil fuel vehicles by 2035.
Building further on that topic, the Tesla CEO also offered less-dire thoughts about where Earth is headed if the transition to sustainability is hindered. “I do not think this is actually the end of the world. I just think things get riskier,” Musk said after referencing the unprecedented growth of CO2 ppm currently in the atmosphere. “We need to think in terms that are not super binary… The actions that we take change the probability that the future will be good.” While his comments were somewhat positive, he still kept a realistic focus. “If you think of how civilizations have developed, we’ve put ourselves right on the edge of the water. If that water level rises even a little bit, you’ve got major problems.”
In yet another unusual diplomatic stroke, Musk also had sympathetic words for people who’ve worked in the oil and gas industry as a career. “Honestly, I feel a bit bad about hating on people in the oil and gas industry,” he admitted. “For a lot of people in the oil and gas industry, especially that are on the older side, they kind of built their companies and did their work before it was clear this was a serious issue… And now…people are kind of making them out to be villains when for the longest time they were just working hard to support the economy and didn’t really know it was gonna be all that bad.”
Swisher pointed out that it was odd for Musk to speak on behalf of the industry he’s been so tough on in the past, but Musk reminded her that his foray into electric cars was more about running out of oil vs. the dangers of burning it and releasing the CO2 into the atmosphere. In his early years, the Tesla chief wasn’t aware of the environmental impact of fossil fuels as much as understanding that running out of them would bring the collapse of civilization.
Musk’s diplomacy then made it all the way to the White House. “Arguably, he’s been as supportive as he can be on the electric car front, recognizing that a massive part of the Republican support is coming from oil and gas,” he noted in reference to US President Donald Trump after Swisher inquired about his political positions in the upcoming elections. After a further challenge from the podcast host over policies taken up by political parties, the CEO refrained from taking a hard-and-fast position. “If you’ve got a two-party system, then the problematic issues are gonna kind of fall somewhat randomly into one party or the other. Like, it’s not clear to me that there’s a cohesive set of reasoning why these things are in one party vs. another. They seem semi-random.”
The Sway episode touched on nearly every topic Musk is involved in – artificial intelligence, Neuralink, and SpaceX included. There was one other issue, though, that he had not-so-diplomatic words to offer. “The press coverage of [Battery Day] was sad. Most of the press takeaway was a sad reflection of their understanding, really,” he lamented. “I’m also not trying to convince people that much. The results will speak for themselves… We have had cars driving with those cells since May.”
You can listen to the full Sway podcast interview with Swisher and Musk here.
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
