Investor's Corner
Tesla Mid-Range Model 3 production ramp kicks off with 4.5k RWD VIN registrations
As Tesla heads towards its earlier-than-expected Q3 2018 earnings call, the company’s Model 3 production ramp continues to show signs that it is going smoothly. Just yesterday, Tesla registered another large batch of 4,500 new Model 3 VINs, all of which appear to be RWD versions of the electric sedan. Tesla had also registered 38,211 Model 3 since the beginning of October, setting up the company for what could very well be a record month in terms of new Model 3 VIN registrations.
#Tesla registered 4,500 new #Model3 VINs. ~0% estimated to be dual motor. Highest VIN is 156129. https://t.co/cw9lfjMZDw
— Model 3 VINs (@Model3VINs) October 22, 2018
While Tesla’s VIN registrations do not specifically list the cars’ Long Range or Mid Range battery, the company’s push for the MR version and the absence of the LR variant in the Model 3 configurator do suggest that the latest VIN filings correspond to the Mid Range Model 3 RWD. With this new batch, Twitter’s Model 3 VIN tracking group @Model3VINs notes that Tesla had registered a total of 156,129 Model 3 VINs to date.
Tesla’s new Model 3 VIN filings come at a time when the company is pushing the electric car’s newest variant — the Mid Range Model 3 RWD — to reservation holders. Musk seems to have teased the vehicle on the social media platform a day before it was officially announced, stating that a “lemur” was coming. Neither Tesla nor Elon Musk has announced the reasons behind the lemur reference, though the little primate might be a clever play on the LEMR variation of the electric car (Limited Edition Mid Range, perhaps?).
Considering that the Mid Range RWD variant is a vehicle that puts Tesla one step closer to the $35,000 Standard trim Model 3, the new electric car variant could very well see a lot of demand. The Mid Range Model 3 RWD currently has an estimated delivery time of 6-10 weeks, after all, which would allow buyers to take delivery of the vehicle at a time when Tesla’s full $7,500 Federal Tax Credit is still in full effect. Taking the $7,500 tax credit and estimated gas savings into account, Tesla’s Mid Range Model 3 RWD has an estimated cost of ownership in the $33,200 range.
Tesla’s decision to offer a Mid Range variant to the Model 3 could be seen as a strategic move by the electric car maker. The vehicle, after all, takes advantage of its remaining $7,500 federal tax credit to lower the vehicle’s total cost of ownership. Elon Musk’s later tweets also revealed that the introduction of the new electric car variant would likely not weigh down the Model 3 production ramp either, as the Mid Range Model 3 RWD uses the same battery pack as the Long Range RWD version, albeit with fewer battery cells.
It’s a long range battery with fewer cells. Non-cell portion of the pack is disproportionately high, but we can get it done now instead of ~February
— Elon Musk (@elonmusk) October 18, 2018
The Mid Range Model 3 RWD represents a $4,000 price savings from the Long Range RWD variant that starts at $49,000 before incentives. There are some performance compromises with the Mid Range Model 3 RWD, though, in the form of a 0-60 mph time of 5.6 seconds, a top speed of 125 mph, and a driving range of 260 miles per charge. In comparison, the Long Range Model 3 RWD has a 5.1-second 0-60 time, a top speed of 140 mph, and a range of 310 miles per charge.
The introduction of the Mid Range Model 3 RWD could ultimately be a way for Tesla to boost its production and delivery numbers further this Q4. The company set the bar high in Q3 with its record deliveries and production figures, after all, and it would take even more impressive numbers for the company to become profitable in the fourth quarter. With this in mind, the Mid Range Model 3 RWD could very well be the catalyst for Tesla’s profitability this Q4, due to its potential to attract budget-conscious reservation holders waiting for low-cost versions of the vehicle.
Tesla has announced that it would be holding its Q3 earnings call on Wednesday, October 24, 2018. The live Q&A session is set for 3:30 p.m. Pacific Time (6:30 p.m. Eastern Time) to accommodate requests from several analysts.
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.
Celebrating SpaceX’s Falcon Heavy Tesla Roadster launch, seven years later (Op-Ed)
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.