News
Tesla expands lease-end options: upgrade to a new Model S and Model X
Tesla has published new lease-end options for Model S and Model X drivers that have leased their vehicles through its financing arm. The Palo Alto based electric carmaker created its leasing program back in April 2013, to much fanfare. According to the company’s most recent financial report, leases accounted for 26% of new vehicle sales, up from 18.8% in 2013.
Tesla is offering four different lease-end options as follows: customers can return their vehicle to Tesla, extend their lease, purchase their Tesla, or upgrade to a new Tesla. A new support page published on the company’s website reads, “If your lease is ending in the next few months, now is a good time to start looking at which option best suits your needs.”
Returning your Tesla
Tesla outlines several simple steps to completing the lease return process. Customers can initiate a “self-inspection” of their vehicle by uploading photos of the car and answering a series of questions. Tesla states that this doesn’t complete the process, but it does allow for the process to be simplified and quickened. During this period, a Tesla “Lease End Specialist” will help coordinate the self-inspection and book an appointment at a Tesla Service center to complete the process.
Extending your Tesla Lease
Tesla is offering customers a chance to extend their lease for up to 6 months after their original lease-end date. Only customers that are in good standing with Tesla Finance can extend their lease. One must request this option from Tesla before the end of the lease. Extending your lease will impact the final purchase price of your Tesla at the end of your extended lease.
Purchasing your Tesla
If a Tesla owner decides they want to purchase their vehicle at the end of their lease term, they can contact Tesla to purchase their vehicle before the end of their lease or at the point of maturity. At lease-end, customers are still protected by the 4-year or 50,000-mile New Vehicle Limited Warranty. However, unlike Tesla’s certified pre-owned vehicles, a vehicle purchased at lease-end is not provisioned with extended warranty. Customers can purchase an extended 8-year 100,000-mile warranty.
Upgrading to a New Tesla
One can presume that Tesla would prefer that all leasees roll into a new lease or purchase a new vehicle from Tesla. In order to capture these customers, Tesla is making it easy for leasees to purchase a new vehicle. With leases coming to an end on vehicles leased in 2013 and 2014, Tesla has made significant improvements to their vehicle lineup, new vehicles have a redesigned front-end, bigger batteries, improved seats, and self-driving hardware.
Tesla states this on their website:
“Model S is better than ever. Over the last three years, we’ve added new features like updated styling and interior, Dual Motor All-Wheel Drive, Ludicrous Speed, Self-Driving hardware and more range. We also introduced Model X, the safest, fastest and most capable SUV on the road. View local inventory to take delivery as soon as this week.”
Elon Musk
SpaceX secures FAA approval for 44 annual Starship launches in Florida
The FAA’s environmental review covers up to 44 launches annually, along with 44 Super Heavy booster landings and 44 upper-stage landings.
SpaceX has received environmental approval from the Federal Aviation Administration (FAA) to conduct up to 44 Starship-Super Heavy launches per year from Kennedy Space Center Launch Complex 39A in Florida.
The decision allows the company to proceed with plans tied to its next-generation launch system and future satellite deployments.
The FAA’s environmental review covers up to 44 launches annually, along with 44 Super Heavy booster landings and 44 upper-stage landings. The approval concludes the agency’s public comment period and outlines required mitigation measures related to noise, emissions, wildlife, and airspace management.
Construction of Starship infrastructure at Launch Complex 39A is nearing completion. The site, previously used for Apollo and space shuttle missions, is transitioning to support Starship operations, as noted in a Florida Today report.
If fully deployed across Kennedy Space Center and nearby Cape Canaveral Space Force Station, Starship activity on the Space Coast could exceed 120 launches annually, excluding tests. Separately, the U.S. Air Force has authorized repurposing Space Launch Complex 37 for potential additional Starship activity, pending further FAA airspace analysis.
The approval supports SpaceX’s long-term strategy, which includes deploying a large constellation of satellites intended to power space-based artificial intelligence data infrastructure. The company has previously indicated that expanded Starship capacity will be central to that effort.
The FAA review identified likely impacts from increased noise, nitrogen oxide emissions, and temporary airspace closures. Commercial flights may experience periodic delays during launch windows. The agency, however, determined these effects would be intermittent and manageable through scheduling, public notification, and worker safety protocols.
Wildlife protections are required under the approval, Florida Today noted. These include lighting controls to protect sea turtles, seasonal monitoring of scrub jays and beach mice, and restrictions on offshore landings to avoid coral reefs and right whale critical habitat. Recovery vessels must also carry trained observers to prevent collisions with protected marine species.
Elon Musk
Texas township wants The Boring Company to build it a Loop system
The township’s board unanimously approved an application to The Boring Company’s “Tunnel Vision Challenge.”
The Woodlands Township, Texas, has formally entered The Boring Company’s tunneling sweepstakes.
The township’s board unanimously approved an application to The Boring Company’s “Tunnel Vision Challenge,” which offers up to one mile of tunnel construction at no cost to a selected community.
The Woodlands’ proposal, dubbed “The Current,” features two parallel 12-foot-diameter tunnels beneath the Town Center corridor near The Waterway. Teslas would shuttle passengers between Waterway Square, Cynthia Woods Mitchell Pavilion, Town Green Park and nearby hotels during concerts and large-scale events, as noted in a Chron report.
Township officials framed the tunnel as a solution for the township’s traffic congestion issues. The Pavilion alone hosts more than 60 shows each year and can accommodate crowds of up to 16,500, often straining Lake Robbins Drive and surrounding intersections.
“We know we have traffic impacts and pedestrian movement challenges, especially in the Town Center area,” Chris Nunes, chief operating officer of The Woodlands Township, stated during the meeting.
“The Current” mirrors the Loop system operating beneath the Las Vegas Convention Center, where Tesla vehicles transport passengers through underground tunnels between venues and resorts.
The Boring Company issued its request for proposals (RFP) in mid-January, inviting cities and districts to pitch local uses for its tunneling technology. The Woodlands must submit its application by Feb. 23, though no timeline has been provided for when a winning community will be announced.
Nunes confirmed that the board has authorized a submission for “The Current’s” proposal, though he emphasized that the project is still in its preliminary stages.
“The Woodlands Township Board of Directors has authorized staff to submit an application to The Boring Company, which has issued an RFP for communities interested in leveraging their technology to address community challenges,” he said in a statement.
“The Board believes that an underground tunnel would provide a safe and efficient means to transport people to and from various high-use community amenities in our Town Center.”
News
Tesla Model Y wins 2026 Drive Car of the Year award in Australia
The Model Y is already Australia’s best-selling EV in 2025 and the tenth best-selling vehicle overall.
The Tesla Model Y has been named 2026 Drive Car of the Year overall winner, taking the top honor after being judged as the vehicle that “moves the game forward the most for Australian new car buyers.”
The Model Y is already Australia’s best-selling EV in 2025 and the tenth best-selling vehicle overall, but the vehicle’s Juniper update strengthened its case with new ownership benefits and expanded software capability.
Drive’s overall award compares category winners and looks at which model most significantly advances the local new car market. In 2026, judges pointed to the Model Y’s five-year warranty and the availability of Full Self-Driving (Supervised) as a monthly subscription as key differentiators.
Priced from AU$58,900 before on-road costs, the all-electric crossover SUV offers a lot of value compared to similarly sized petrol and hybrid rivals. The ability to access Tesla’s Supercharger network across Australia also reduces friction for buyers moving to EV ownership.
Owners can add FSD (Supervised) for AU$149 per month. While it still requires driver oversight, the system expands the vehicle’s advanced driver-assistance capabilities and reflects Tesla’s software-first approach.
“The default choice for a reason. The Tesla Model Y makes the transition to electric both effortless and rewarding,” Drive wrote.
The 2025 Model Y facelift also sharpened the vehicle’s exterior, highlighted by a distinctive rear light bar that gives the crossover SUV a more modern road presence.
Drive described the Model Y as a benchmark for combining practicality, efficiency and technology at an accessible price point. With eligibility for federal Fringe Benefit Tax exemptions through novated leasing, its value proposition has improved for numerous buyers.
For 2026, the Model Y’s combination of range efficiency, charging access and software capability proved decisive. Ultimately, the award all but cements the Model Y’s position as one of the most influential vehicles in Australia’s evolving new-car market today.