

News
Tesla jumps 35 spots up Fortune’s 500 list following blockbuster 2021 results
Tesla is continuing its climb up the Fortune 500 list, with the electric vehicle maker jumping an impressive 35 spots to claim the No. 65 spot in this year’s rankings. This, according to Fortune, was due to Tesla’s stellar performance in 2021.
Brian O’Keefe, Senior Executive Editor at Fortune, stated that the rankings this year could be seen as the return of the energy sector. Amidst this trend, electric vehicles are becoming a key factor that must be considered if one were to look at the future of energy.
And if one were to talk about electric vehicles, there is just no way to avoid talking about Tesla. The company has been on a tear over the past years, steadily climbing up the Fortune 500 list as it established itself as the undisputed leader in electric vehicles.
“Tesla made a huge jump again this year, 35 spots from number 100 up to number 65. Tesla’s profits shot up more than 600% last year to $5.5 billion, and Tesla, of course, represents a revolution in the auto industry. Because all the other big automakers — Ford, GM, Volkswagen — internationally, they’re all committing to electric cars in the future. And that could really change the demand picture for oil going forward,” O’Keefe said.
Fortune summarized its thoughts on Tesla in the following section.
“The electric car company headed by Elon Musk continued its meteoric rise up the rankings, climbing 35 spots over last year. The company had a blockbuster 2021, bringing in $53.8 billion in revenue, up 70% from 2020, and expanding significantly into key European and Chinese markets.
“Tesla delivered 936,000 vehicles in 2021, an 87% increase that puts the company at the pinnacle of the global EV industry, with a 14% market share. The company sustained its growth in the early months of 2022, weathering uncertainty and periodic factory shutdowns due to the COVID-19 pandemic in China to deliver 310,048 vehicles in the first quarter, en route to posting record quarterly earnings.”
Tesla entered the Fortune 500 for the first time in 2017, with the company becoming No. 383 on the list. Tesla’s rise was evident the year later, with the company climbing to No. 260 in 2018 and No. 144 in 2019. Tesla took the No. 124 spot in 2020, and just a year later, the company took the No. 100 spot.
Don’t hesitate to contact us with news tips. Just send a message to simon@teslarati.com to give us a heads up.
News
Tesla’s new Model S and X spotted, but they leave a lot to be desired
The Model S and Model X testing mules spotted by The Kilowatts have few minor visual changes.

Tesla has been hinting for a few months now that the flagship Model S and Model X would be getting some attention in 2025 as the vehicles continue to be sold in extremely low volumes.
Both models seem to be under the knife, especially as their newest versions were spotted in California earlier this week.
However, images of the vehicles seem to show that Tesla is not planning a major overhaul, which begs the question: why even do it in the first place?
Tesla makes a decision on the future of its flagship Model S and Model X
The Model S and Model X are grouped with the Cybertruck in Tesla’s quarterly delivery releases, and Q1 saw just 12,881 units of the three cars delivered. The Cybertruck likely made up the majority of this number, as some outlets reported around 6,400 deliveries of the all-electric pickup in Q1.
This is unconfirmed.
The Model S and Model X have stuck around for “sentimental reasons,” according to CEO Elon Musk, who said back in 2021:
“I mean, they’re very expensive, made in low volume. To be totally frank, we’re continuing to make them more for sentimental reasons than anything else. They’re really of minor importance to the future.”
However, the cars seem to be in need of a serious refresh. As Tesla changed up the exterior aesthetic on both the Model 3 and Model Y, recent images captured of the Model X by The Kilowatts seem to show this is not the strategy with the Model X or Model S:
— The Kilowatts 🚗⚡️ (@klwtts) May 22, 2025
As we can see, the overall aesthetic of the X, if this is what Tesla plans to release, has literally no changes from a purely visual standpoint. There is the addition of the front bumper camera, which was first implemented on the Cybercab unveiled in October 2024, and then on the new Model Y this year.
There are some new 20″ wheels, and the interior has been fitted with ambient lighting.
The Model S looked to be relatively the same, other than these few hardware changes, including a rear diffuser on this Plaid that was spotted:
Tesla is definitely doing some things 👀 pic.twitter.com/qchMiAWEoT
— The Kilowatts 🚗⚡️ (@klwtts) May 22, 2025
While these changes are welcome and should be beneficial, they don’t seem like they will encourage major sales growth, which might be something Tesla is okay with.
Admitting the two cars are low volume and not contributors to the company’s long-term goals, Musk is likely willing to just upgrade things to make these more compatible and better functioning with the Full Self-Driving suite.
Earlier this year, VP of Vehicle Engineering Lars Moravy said the S and X were not going anywhere and would get “some love” before the end of 2025:
“Just give it a minute. We’ll get there. The upgrade a couple of years ago was bigger than most people thought in terms of architecture and structure of the car got a lot better, too. But, we’ll give it some love later this year and make sure it gets a little bit…you know, with the stuff we’ve been putting in 3 and Y. Obviously, with 3 and Y, the higher volume stuff, you’ve gotta focus there.”
It seems these strategies have held true — the S and X appear to be getting what the 3 and Y got with the ambient lighting and front bumper camera (at least on the Model Y).
Elon Musk
Tesla set for ‘golden age of autonomous’ as Robotaxi nears, ‘dark chapter’ ends: Wedbush
Tesla is set to win big from the launch of the Robotaxi platform, Wedbush’s Dan Ives said.

Tesla (NASDAQ: TSLA) is set to kick off its own “golden age of autonomous growth” as its Robotaxi platform nears launch and a “dark chapter” for the company has evidently come to a close, according to Wedbush analyst Dan Ives.
Ives has jostled his price target on Tesla shares a few times already this year, usually switching things up as the market sways and the company’s near-term outlook changes. His price target on Tesla has gone from $550 to $315 to $350 back to $500 this year, with the newest adjustment coming from a note released early on Friday.
🚨 Wedbush’s Dan Ives is raising his price target on Tesla $TSLA from $350 to $500 as the “golden age of autonomous” nears:
“We believe the golden age of autonomous is now on the doorstep for Tesla with the Austin launch next month kicking off this key next chapter of growth for…
— TESLARATI (@Teslarati) May 23, 2025
As CEO Elon Musk has essentially started to dwindle down his commitment to the Department of Government Efficiency (DOGE) altogether, Ives believes that Tesla’s “dark chapter” has come to a close:
“First lets address the elephant in the room…2025 started off as a dark chapter for Musk and Tesla as Elon’s role in the Trump Administration and DOGE created a life of its own which created brand damage and a black cloud over the story….but importantly those days are in the rear-view mirror as we are now seeing a recommitted Musk leading Tesla as CEO into this autonomous and robotics future ahead with his days in the White House now essentially over.”
Ives believes Tesla’s launch of Robotaxi should be the company’s way to unlock at least $1 trillion in value alone, especially as the Trump White House will fast-track the key initiatives the automaker needs to get things moving in the right direction:
“The $1 trillion of AI valuation will start to get unlocked in the Tesla story and we believe the march to a $2 trillion valuation for TSLA over the next 12 to 18 months has now begun in our view with FSD and autonomous penetration of Tesla’s installed base and the acceleration of Cybercab in the US representing the golden goose.”
There are some concerns moving forward, but none of which relate to the AI/autonomous play that Ives primarily focuses on within the Friday note. Instead, they are related to demand in both Europe and Asia, as Ives said, “there is still wood to chop to turn around Model Y growth” in both of those markets.
Nevertheless, the big focus for Ives is evidently the launch of Robotaxi and the potential of the entire autonomous division that Tesla plans to offer as a ride-sharing service in the coming months. Ives also believes a 50 percent or more penetration of Full Self-Driving could totally transform the financial model and margins of Tesla moving ahead.
Aware of the setbacks Tesla could encounter, Ives still believes that Tesla will establish itself as “the true autonomous winner over” and that investors will recognize the AI vision the company has been so bullish on.
Ives pushed his price target to $500. Tesla shares are down just under 1% at the time of publication. They are trading at $337.88 at 11:45 on the East Coast.
Elon Musk
SpaceX Starship gets FAA nod for ninth test flight
The FAA has given the green light for Starship’s ninth test flight.

SpaceX has received FAA approval for the ninth test flight of the Starship rocket. The approval was delayed due to the federal agency finishing its comprehensive safety review of the eighth flight earlier this year.
The FAA said in a statement that it has determined that SpaceX has “satisfactorily addressed the causes of the mishap, and therefore, the Starship vehicle can return to flight.”
The eighth test flight occurred back on March 6. SpaceX completed a successful liftoff of Starship and the Super Heavy Booster, before the two entered stage separation a few minutes after launch.
Starship Flight 8: SpaceX nails Super Heavy booster catch but loses upper stage
The booster returned and was caught by the chopsticks on the launch pad, completing the second successful booster catch in the program’s history. However, SpaceX lost contact with Starship in the upper atmosphere.
The ship broke up and reentered the atmosphere over Florida and the Bahamas.
The debris situation caused the FAA to initiate a mishap investigation:
Starship Flight 8’s Ship 34 provided some beautiful fireworks in the sky during its rapid unscheduled disassembly. Beautiful but unfortunate.
Hopefully, Flight 9 would no longer have any RUD incidents. pic.twitter.com/p4qAToDXOM
— TESLARATI (@Teslarati) March 7, 2025
The FAA said it will verify that SpaceX implements all the corrective actions on Flight 9 that it discovered during the mishap investigation.
There is no current confirmed launch window, but the earliest it could take off from Starbase is Tuesday, May 27, at 6:30 p.m. local time.
To prevent any injuries and potentially limit any damage, the FAA has stayed in contact with various countries that could be impacted if another loss of vehicle occurs:
“The FAA is in close contact and collaboration with the United Kingdom, Turks & Caicos Islands, Bahamas, Mexico, and Cuba as the agency continues to monitor SpaceX’s compliance with all public safety and other regulatory requirements.”
The agency has also stated that the Aircraft Hazard Area (AHA) is approximately 1,600 nautical miles and extends eastward from the Starbase, Texas, launch site through the Straits of Florida, including the Bahamas and Turks & Caicos.
For flight 8, the AHA was just 885 nautical miles.
-
News2 days ago
Tesla posts Optimus’ most impressive video demonstration yet
-
Elon Musk1 week ago
Tesla seems to have fixed one of Full Self-Driving’s most annoying features
-
News2 weeks ago
Starlink to launch on United Airlines planes by May 15
-
News2 weeks ago
Tesla Semi gets new adoptee in latest sighting
-
Elon Musk2 weeks ago
Bill Gates estimates DOGE cuts will cost children’s lives, Elon Musk responds
-
News2 weeks ago
Potential affordable Tesla “Model 2/Model Q” test car spotted anew in Giga Texas
-
News2 weeks ago
Tesla vs China on the final frontier in humanoid robot development
-
Investor's Corner2 weeks ago
Tesla (TSLA) poised to hit $1 trillion valuation again amid reports of Trump China deal