Investor's Corner
Tesla Gigafactory 1 expands with massive new lot as site activity increases
Aerial photographs obtained by Teslarati have revealed that Tesla’s expansive new parking lot in Gigafactory 1 is practically complete. As seen in the latest images, which we obtained on June 1, Tesla is done overlaying its new lot with asphalt, and numerous electric posts now stand in the area.
Tesla started moving the land north of Gigafactory 1 sometime in March. As noted by avid members of the r/TeslaMotors community then, the new parking lot appears to be around 2,000 x 1,500 ft (roughly 600 m x 470 m). The massive parking lot seems to have been developed quickly as well, as aerial images captured a few weeks after initial reports of the project indicated that Tesla was halfway done overlaying the new lot with asphalt.
- An aerial photo of Tesla’s Nevada Gigafactory as of June 1, 2018. [Credit: Joshua Mcdonald]
- An aerial photo of Tesla’s Nevada Gigafactory as of June 1, 2018. [Credit: Joshua Mcdonald]
- An aerial photo of Tesla’s Nevada Gigafactory as of June 1, 2018. [Credit: Joshua Mcdonald]
- A close up of Tesla’s expansive new parking lot at Gigafactory 1. [Credit: Joshua Mcdonald]
- An aerial photo of Tesla’s Nevada Gigafactory as of June 1, 2018. [Credit: Joshua Mcdonald]
- A close up of Tesla’s expansive new parking lot at Gigafactory 1. [Credit: Joshua Mcdonald]
Overall, the latest developments in Gigafactory 1, together with the installation of solar panels at the facility’s roof, underscore increased activity within the factory itself. The site, after all, is working around the clock in order to ramp up production of the Model 3’s battery packs. Just last week, reports emerged that Tesla has flown in six airplanes’ worth of new robots and equipment from Europe, the first two of which had reportedly been delivered at the Sparks, Nevada facility.
According to people familiar with the matter, the deliveries of the robots were done “in a massive hurry.” One of the individuals, who spoke to Reuters, further noted that engineers from Grohmann, Tesla’s engineering arm in Germany, were also in Gigafactory 1 to help address production bottlenecks in the Model 3 battery pack line.
The Model 3 production ramp is Tesla’s primary objective this second quarter. Despite missing its goal of producing 2,500 Model 3 per week by the end of Q1 2018, Tesla has nonetheless maintained its expectations of producing the compact electric car at a rate of 5,000 per week by the end of Q2 2018. In order to accomplish this elusive goal, both Tesla’s Fremont factory and Gigafactory 1 have to work at optimum efficiency.
Recent signs of the developments in the Model 3 production line have been encouraging so far. In May alone, Tesla registered more than 18,000 new Model 3 VINs, a number that took the company until March to achieve, despite starting the production of the vehicle mid-2017. Apart from this, a leaked email from CEO Elon Musk to Tesla employees also revealed that the company has been producing the Model 3 at a consistent rate of 500 vehicles per day, or roughly 3,500 per week.
Optimizing Gigafactory 1 and refining the Model 3 production ramp are just a few steps in the company’s overall plans, however. During Tesla’s Q1 2018 earnings call, Tesla CEO Elon Musk revealed that the next Gigafactory would be built in China. What’s more, Musk also announced that the upcoming facility would have the capability to manufacture vehicles. Ultimately, Musk stated that “future Gigafactories will all incorporate vehicle production.”
Establishing its next Gigafactory in China is a strategic move for Tesla, considering that Elon Musk has specifically mentioned during Tesla’s Q3 2017 earnings call last November that the upcoming facility will be tasked with manufacturing the next vehicle in Tesla’s lineup — the Model Y, an all-electric, crossover SUV that is expected to have a demand that surpasses even that of the Model 3.
Investor's Corner
NASA taps SpaceX to launch the telescope that could unlock new worlds
NASA’s Roman Space Telescope heads to orbit this August aboard SpaceX’s Falcon Heavy with massive scientific ambitions.
SpaceX is set to play a central role in one of NASA’s most anticipated science missions in years. The company’s Falcon Heavy rocket, currently the most powerful operational launch vehicle in the world, will carry the Nancy Grace Roman Space Telescope into orbit on August 30 from Kennedy Space Center in Florida. Roman is now in final preparations inside the Payload Hazardous Servicing Facility, where on June 26 technicians used a crane to lift the observatory into a specialized stand for fueling and pre-launch testing.
Roman is named after Nancy Grace Roman, NASA’s first chief of astronomy, whose career helped shape how the agency approaches space science.
NASA chose SpaceX Falcon Heavy because of Roman’s needs to reach a specific orbit far from Earth, well beyond where a standard Falcon 9 can deliver it. The Falcon Heavy, which first flew in 2018, has since become NASA’s go-to option for missions that need serious muscle without the cost and complexity of older launch systems.
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Roman will carry a field of view at least 100 times wider than the Hubble Space Telescope, meaning it can photograph enormous swaths of the universe in a single shot rather than the narrow slices Hubble captures. That difference in scale is significant. While Hubble reshaped our understanding of the cosmos over 30 years, Roman is built to work faster and wider, surveying hundreds of millions of galaxies at once.
One of Roman’s most compelling capabilities is its potential to discover and photograph planets orbiting stars outside our solar system, and with enough precision to directly image planets that would otherwise be lost. That means scientists could study the atmosphere and surface characteristics of distant worlds rather than simply confirming they exist. Combined with Roman’s sweeping field of view, the telescope could detect thousands of exoplanets, and some of those planets may be in habitable zones where liquid water could exist. No telescope currently in operation has this level of power and capability. That capability alone could change what we know about other worlds, and perhaps finally answer the question: are we the only intelligent lifeforms in existence?
What Roman actually finds once it reaches orbit is an open question, and that is exactly what makes this launch worth watching.
Elon Musk
California snubs Tesla in its newly passed EV incentive that favors Rivian and Lucid
California passed a $135 million EV incentive that rewards Rivian and Lucid while sidelining Tesla
California just drew a line in the EV incentive sand to put Tesla on the wrong side of it. The state recently passed a $135 million program offering first-time electric vehicle buyers a direct incentive with no application required, but the rules were written in a way that leaves Tesla at a structural disadvantage compared to Rivian and Lucid.
The program caps eligible vehicles at $50,000 for new EVs and $25,000 for used ones. That pricing threshold rules out a significant portion of Tesla’s lineup, though some lower-priced Model 3 and Model Y configurations would still qualify. California-based automakers are exempt from the price cap entirely, regardless of what their vehicles cost. Rivian, headquartered in Irvine, and Lucid, based in the San Francisco Bay Area, both benefit from that exemption. Rivian’s R2 starts at roughly $45,000 but has versions above the cap. Lucid’s Air and Gravity start at $70,990 and $79,990 respectively, well above any threshold a non-California company would face.
California hits Tesla Cybercab and Robotaxi driverless cars with new law
Tesla built its reputation and a significant portion of its early market share in California, where EV adoption has consistently led the nation. The company operates its original factory in Fremont, California, and the state was home to Tesla’s headquarters for most of its existence. That changed in 2021 when Tesla moved its corporate headquarters to Austin, Texas. Since then, the relationship between the company and California Governor Gavin Newsom has been openly adversarial, with Musk and Newsom trading public criticism on multiple occasions.
California’s EV incentive landscape has shifted repeatedly in recent years, and Tesla has previously lost eligibility for state-level programs as its vehicles exceeded income-adjusted price thresholds. The federal $7,500 EV tax credit, which Tesla models have qualified for and lost depending on policy cycles, is no longer available after it expired without renewal, making state-level programs more meaningful to buyers than they have been in years.
The practical impact for buyers is more nuanced than the headline suggests. California residents purchasing a Tesla under $50,000 for the first time can still access the incentive. But the exemption written for California-based manufacturers is a structural advantage that rewards where a company plants its headquarters flag rather than where it builds its products, and Tesla moved that flag to Texas.
Elon Musk
SpaceX’s newest logo confirms everything about what it’s become
SpaceX officially absorbed xAI under the SpaceXAI brand, completing the largest private merger in history.
SpaceX made its corporate transformation official in May 2026 when Elon Musk posted on X that xAI would cease to exist as a standalone company. “xAI will be dissolved as a separate company, so it will just be SpaceXAI, the AI products from SpaceX,” he wrote.
A new SpaceXAI logo was announced today, visually embedding the xAI letters inside the SpaceX identity, which can be seen as a deliberate design choice that signals the merger is not a partnership but a full absorption and XAi a core function of the same company. The same way Starlink is not a separate brand but a SpaceX product. The announcement closed the loop on a process that began February 2, 2026, when SpaceX acquired xAI in the largest private merger in history, valued at $1.25 trillion. SpaceX at $1 trillion and xAI at $250 billion.
We are now @SpaceXAI. pic.twitter.com/ema66xDWC9
— SpaceXAI (@SpaceXAI) July 6, 2026
The reason SpaceX bought xAI was stated plainly by Musk at the time of the deal: to build orbital data centers. SpaceX had simultaneously filed with the FCC to launch up to one million satellites designed to function as AI compute nodes in low Earth orbit, escaping what Musk described as the energy constraints limiting AI development on Earth.
xAI provided the AI software stack, with Grok, the X platform, and the Colossus supercomputer infrastructure in Memphis with over 220,000 NVIDIA GPUs, while SpaceX provided the rockets, Starlink, and the capital base to fund it. The two companies needed each other. xAI was burning $2.5 billion in losses on $250 million in revenue. SpaceX was generating an estimated $8 billion in profit on $15 billion in revenue and needed an AI narrative to command the valuation it was targeting for its IPO.
What SpaceX has done, regardless of how the orbital AI vision ultimately plays out, is walk into a public market as something no company has been before: a rocket manufacturer, satellite internet provider, AI software company, social media platform, and supercomputer operator under one ticker. Whether that combination is worth $2 trillion depends entirely on which of those businesses you believe in most.





