Investor's Corner
Tesla Gigafactory 3 funding reportedly incites competition among Chinese banks: insider
Tesla has an aggressive timetable for Gigafactory 3. During the facility’s groundbreaking event, Elon Musk mentioned that he is hoping for Model 3 production to begin before the end of 2019. That’s a very ambitious goal, even for a company as daring as Tesla. For the project to move on as scheduled, after all, Tesla would have to acquire enough funding for the massive facility — a feat widely considered challenging by the company’s critics.
Last year, reports emerged from local Chinese media hinting that Tesla was receiving assistance in receiving low-interest loans from local Shanghai banks to fund part of Gigafactory 3’s construction. If a recent report is any indication, though, it appears that the upcoming battery and electric car factory is attracting the interest of quite a few financial institutions willing to loan money for the project. An insider, who asked to remain anonymous, reportedly revealed to Chinese news agency NBD that several financial firms are actually competing to give loans to the carmaker.
“I heard that many banks are fighting for this. There are local banks in Shanghai, state-owned banks, and foreign banks,” the insider said, according to Hexun News.
The insider further noted that Tesla would be allowed to use its property rights and patents as collateral for the facility’s funding. Apart from this, the insiders also mentioned that under normal circumstances, it usually takes 4-6 months for companies to iron out details about the financing of large-scale projects. In the case of the Silicon Valley-based carmaker, though, the local government has reportedly set up a special team to endorse Tesla’s financing loans after just two months.
These recent reports all but highlight the Chinese government’s favor for Tesla and its support for Elon Musk’s vision. While Elon Musk and Tesla continue to incite an equal amount of admiration and criticism in the United States, after all, the company and its CEO appear to be widely respected in China. After the groundbreaking ceremony at the Gigafactory 3 site in Shanghai, for example, Elon Musk met with Chinese Premier Li Keqiang in Beijing’s Tower of Violet Light — a place usually reserved for foreign dignitaries, not automotive CEOs.
During their meeting, Li proved supportive of Musk’s plans for Tesla’s expansion in the country, as well as his ideas for Gigafactory 3’s automation. Even when Elon Musk described his vision of a factory that behaves like a “living being,” Li was not dismissive. At one point in their conversation, Li even suggested that China can just issue a “Chinese Green Card” to the Tesla CEO, so that Musk can explore his ideas freely.
Chinese media reported that many banks are now striving to make loans for Tesla Shanghai Gigafactory, including local banks in Shanghai, state-owned banks, and foreign banks. $TSLA #Tesla #China #GF3 #TeslaChina https://t.co/BXu3ydQzLx pic.twitter.com/GjjeRnQlSy
— vincent (@vincent13031925) January 11, 2019
Considering the treatment that Musk received in China during his visit, as well as the recent reports of banks competing to give funding for Gigafactory 3, it appears safe to state that Tesla is favored by the country’s government. And it’s not just Elon Musk’s treatment or support from financial institutions either. As revealed in previous reports, the government’s support for Tesla and Gigafactory 3 has been pretty evident for a while now.
Last year, the country all but changed its strict rules when it allowed Tesla to become the sole owner of the upcoming battery and electric car factory. The government’s hand also seemed evident when Tesla placed its bid for the 864,885-square meter plot of land in Shanghai’s Lingang Industrial Zone, as the electric car maker’s bid went completely unchallenged. Earlier this month, it was also revealed that the contractor for the construction of Gigafactory 3 is a subsidiary of China Construction, a firm owned by the government.
With such a notable level of support from the country’s officials and institutions, there is a very good chance that Gigafactory 3 would be completed well within Tesla’s projected timetable. What remains to be seen, though, is if the electric car maker can set up its production lines in Shanghai at the same pace. With things now in motion, the ball now appears to be in Tesla’s court.
Elon Musk
SpaceX just got the green light Starship has waited years for
The FAA has cleared Starship Flight 14, setting up SpaceX’s first orbital attempt on Monday.
SpaceX has cleared the last regulatory hurdle standing between Starship and its first trip to orbit. The Federal Aviation Administration issued the launch license for Starship Flight 14 late Saturday, keeping the mission on track for liftoff Monday, September 28, from Pad 2 at Starbase, Texas.
The 75 minute launch window opens at 7:15 a.m. Central, and Boca Chica Beach closures are also scheduled for September 29 and 30 as backup dates. This will be Starship’s first revenue generating mission.
The license was the missing piece after SpaceX completed a full wet dress rehearsal with Booster 21 and Ship 41 on September 24. At the time, the company said the flight remained on track pending regulatory approval. Because Flight 14 flies an orbital profile, the FAA had to sign off on a modified license that met its safety, payload and financial responsibility requirements.
Observers combing through the new FAA paperwork also noticed that lightning no longer appears among Starship’s listed launch hazards. If that holds, it matters more for where Starship is headed than for Monday’s attempt. Florida and Louisiana, home to LC-39A and the planned Starbase Louisiana site, see some of the most frequent lightning in the United States.
SpaceX tells the FCC that Starship Flight 14 is going to orbit
Flight 14 is the mission SpaceX has been building toward for months. Ship 41 will carry 26 Starlink V3 satellites, the first operational V3 units to be deployed, and attempt roughly six orbits at about 275 kilometers over a flight lasting just under 10 hours. SpaceX says the ship will only perform its orbital insertion burn after flight controllers confirm enough hardware redundancy remains for the deorbit burn at the end of the mission. Ship 41 is targeting a splashdown in the Pacific west of Chile, while Super Heavy will return to the Gulf of Mexico.
The date carries some symbolism as well. A Monday launch would come 10 years and one day after Elon Musk first presented the Interplanetary Transport System, the design that became Starship, at the International Astronautical Congress in Guadalajara, Mexico.
SpaceX has not announced what comes next, but air traffic planning slides reported this week, list Flight 15 no earlier than October 19 and a first Starship launch from LC-39A in Florida no earlier than October 30. Both dates depend on how Monday goes.
Investor's Corner
Tesla Optimus Gen 3 shows off a cleaner, factory-ready design in new app discovery
Renders hidden inside Tesla’s Android app show Optimus Gen 3’s design before any official reveal.
Tesla may have accidentally given a first look at its newest Optimus Gen 3 humanoid robot when photos were found in the Tesla smartphone app.
Design files tucked inside a recent Android version of the Tesla app appear to show the third generation humanoid robot next to the older Gen 2.5 prototype. The assets were extracted from the app package by Tesla community member @wholemars, who posted the renders on X late Tuesday night before deleting them. The Tesla Newswire reshared the side by side comparison on Wednesday, and the images have circulated widely since.

Tesla Optimus Gen 2.5 vs Gen 3 comparison via @WholeMars on X
The files are labeled “gen3” and were built as models for Tesla app’s own interface, as validated directly by Grok to be official.
The comparison shows a robot that looks built for a factory line rather than a lab bench. Gen 2.5’s exposed mechanical linkages and gold plating on the knees and shins are gone. In their place, Gen 3 uses matte black fairings on the lower legs, paired with a more contoured champagne gold body. Flexible covers now seal the joint where the torso meets the upper thighs, keeping bearings and moving parts sealed from debris and unnecessary contact.
The body panels fit more tightly, and the hands, which Tesla has said carry 22 degrees of freedom, look far more refined than those on earlier units.
This most recent leak fills a gap Tesla has left open for most of the year. Elon Musk said on March 31 that Optimus 3 was walking around but needed “some finishing touches” before it could be shown, a delay Teslarati covered when Tesla missed its first quarter reveal target. Musk later said Tesla would hold the design back until closer to production, partly to keep competitors from copying it. No reveal date has been announced.
The app itself has been preparing for Optimus for months. In July, code in the Tesla app pointed to a dedicated robot phone key, a consent screen for collecting video and spatial data while Optimus works inside a home, and an alert system for low battery and mechanical faults. Finished 3D models of Gen 3 suggest the interface owners will eventually use is moving past placeholder code toward something Tesla intends to ship.
Manufacturing is moving in parallel. Tesla tore out the original Model S and Model X lines at Fremont this summer to make room for Optimus production, with a planned capacity of one million robots a year. At Giga Texas, the steel frame of a dedicated Optimus factory is nearing completion ahead of a targeted 2027 start, with Musk pointing to an eventual output of 10 million units annually.
Elon Musk
X changed how everyone gets paid, and this lawsuit shows why
X sued a Bitcoin account network over fake payouts as its creator pay model shifts
Elon Musk’s X has taken a Bitcoin-focused engagement ring to court, and the case doubles as a receipt for how differently the platform pays creators today. The company filed suit in the High Court of England and Wales against Vivek Kumar Sen and Zamyang Sherpa, alleging the pair ran six accounts, including @Vivek4real_, @Bitcoin_Teddy and @TrendingBitcoin, as one coordinated operation to fake the kind of engagement that used to translate directly into money.
According to the filing, first reported by Gizmodo, the accounts posted near identical “BREAKING” crypto headlines seconds apart, in one case 11 seconds, then had three more handles like, reply to and repost the material to manufacture what X called “a false appearance of genuine, human communication and interaction.” X says the scheme pulled in at least £207,384, about $278,000, and pegs its own investigation and remediation costs at another £75,000. The accounts were suspended August 18. X general counsel James Burnham announced the case on X last weekend, writing that the company “will act forcefully to protect our platform and the earnings of genuine creators.” Musk’s own reaction, posted shortly after, was three words: “Don’t mess with 𝕏.”
Don’t mess with 𝕏 https://t.co/HSmd5hL6aQ
— Elon Musk (@elonmusk) September 21, 2026
The timing lines up with a a recent update to how X pays its creators. The program these accounts allegedly gamed, Creator Revenue Sharing, launched in mid 2023 and paid out based on how much a post got engaged with. Originality was never part of the formula, which is exactly how the platform ended up flooded with recycled clips, copy pasted “BREAKING” posts and replies engineered purely to farm reactions from paying subscribers.
X tried patching the model more than once, including an April cut to aggregator payouts and a March regional weighting change that Musk personally paused hours after it was announced. X retired Creator Revenue Sharing for good on September 7 and opened its replacement, Original Content Rewards, the next day.
Today, we’re launching Original Content Rewards.
The reality is that Revenue Sharing had reached a point where its incentives were misaligned. Creators should be focused on bringing net new content to the platform instead of maximizing payouts. We could have kept adding more… pic.twitter.com/VJIxqlPrjm
— Allegra Jacchia (@allegrajacchia) August 7, 2026
The new math is stricter. Payouts now come only from qualified impressions, meaning unique Home Timeline views from Premium subscribers where at least half the post is visible, and replies no longer count toward eligibility at all. Copied posts, reuploaded media and reposts without meaningful changes are explicitly excluded. Allegra Jacchia, senior product manager for Creators at SpaceXAI, which now runs X’s product and AI work following xAI’s acquisition of the platform, put it bluntly, saying the goal is to reward creators who bring original ideas and perspective, “not those who have become best at gaming the system.”
Read that way, the lawsuit isn’t really about six crypto accounts. It’s X putting a dollar figure on what the old incentive structure cost, then suing to collect it right as the new one goes live. For live updates on how the case and the new rewards program shake out, follow @Teslarati on X.