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Tesla Model 3 converts Global Warming denier to EVs: “Its been a hell of a ride”
The Tesla Model 3 is starting to spread like wildfire in the United States, and the vehicle is expected to enter the international markets in the next few months. Since its release, the Model 3 has been garnering praise from electric car enthusiasts and auto critics alike, to the point where even seasoned veterans in the auto field have given their approval based on the vehicle’s merits alone.
One such veteran is Henry Payne from The Detroit News. Payne is a true-blooded gearhead in every sense of the word, with experience as a racecar driver and a professional automotive critic. While speaking in a recent segment of Autoline TV on YouTube, Payne admitted that he is the farthest thing from being an environmentally-conscious car buyer. And yet, Payne stated that he has personally bought a Long Range Model 3 RWD in Obsidian Black. Describing his reasons behind his purchase of the vehicle, the auto journalist stated that he bought the car simply because no other vehicles on the road today are like it.
“It’s different, and that’s the point. It is so different than any car I’ve ever driven. And, I’m not a global warming believer, I’ve grown up at the racetrack, I’m not a greenie, but since driving the first Model S Tesla I got into two years ago, there’s nothing like these vehicles on the market. And there is also no other viable auto startup in my lifetime,” he said.
Payne further stated that he has been very happy with his Model 3 purchase. Being a racecar driver, the auto veteran stated that he favors cars that are RWD, and in that sense, his Model 3 has not disappointed. Payne also stated that he has taken his electric car to the track multiple times, and it impressed him with its performance and quality so far.
“When Tesla got flooded with 400,000 orders in April 2016, I thought ‘I need to be part of this story.’ I want to see if this startup automaker can produce what’s promised at this kind of volume, and it has not disappointed. It is not only the car’s lived up to expectations, but it’s been a hell of a ride,” Payne said.
Payne did state that there are some drawbacks that he noticed about his Model 3. His car is the non-Performance variant, and thus, is not equipped with larger brakes like the Model 3 Performance. Apart from this, the automotive journalist also noted that the vehicle’s over-the-air updates, which are akin to those that his smartphone receives, changed some features that he has grown fond of. That said, Payne notes that he is very fond of the Model 3, and it has been well worth his wait.
To say that the stakes were high for Tesla when it launched the Model 3 is an understatement. Elon Musk himself dubbed the vehicle’s ramp as a “bet-the-company” situation, a project that could spell Tesla’s success or failure. Tesla’s painful ramp for the Model 3 has been well-documented, though things started to fall into place when the company finally hit its stride with the vehicle’s production in the latter parts of the third quarter.
Reviews of the Model 3 have been stellar. From the initial reviews of the Long Range RWD variants to the more recent Track Mode tests of the Performance version, the vehicle has garnered praise. As buyers like Henry Payne from The Detroit News indicate, the Tesla Model 3 does not just attract a lot of attention because it is a green car; it attracts a lot of interest simply because it is a great car — period.
Watch Henry Payne’s segment about his Tesla Model 3 in the video below.
Tesla stock (NASDAQ: TSLA) endured one of its sharpest single-day declines in years on July 23, tumbling approximately 14.5 percent and closing near $320 after opening the session around $374. The drop erased more than $140 billion in market value amid heavy trading volume and left the shares at multi-week lows.
The sell-off followed the company’s second-quarter 2026 results, released the previous evening. Tesla reported record revenue of $28.2 billion, up 26 percent year over year, driven by a Q2-record 480,126 vehicle deliveries. Energy storage deployments also rose strongly.
Tesla (TSLA) Q2 2026 earnings results: miss on EPS, beat on revenue
Yet profitability disappointed sharply. Operating income fell 57 percent to $398 million, compressing the operating margin to just 1.4 percent. Non-GAAP earnings per share came in at $0.33, well below the roughly $0.53 analysts had expected. Free cash flow turned negative by $1.1 billion as capital expenditures surged 142 percent to $5.8 billion, largely tied to accelerated spending on artificial intelligence, robotics, and autonomous systems.
The losses on capex were expected, as Tesla said it would be spending heavily in 2026.
Investors also reacted to lingering uncertainty surrounding key product timelines. During the Earnings Call, management reiterated ambitions for Robotaxi deployment and the Optimus humanoid robot, but offered limited new concrete milestones, renewing questions about execution pace that have long accompanied Tesla’s ambitious roadmap.
The magnitude of the decline places it among Tesla’s more severe one-day percentage losses since its 2010 initial public offering. Historically, the two largest single-day drops (split-adjusted) remain September 8, 2020, when shares fell 21.1 percent amid broader market volatility and valuation concerns, and January 13, 2012, with a 19.3 percent plunge during the company’s early growth struggles.
Other notable declines include an 18.6 percent drop on March 16, 2020, at the onset of pandemic-related market turmoil. Thursday’s move ranks roughly ninth on the all-time list but stands out as the steepest in more than a year.
Despite the short-term pain, Tesla’s long-term trajectory has repeatedly recovered from such volatility. The latest results underscore both the strength of its core automotive and energy businesses and the near-term costs of heavy investment in next-generation technologies.
Elon Musk clapped back at France’s decision to withhold the approval for Tesla’s Full Self-Driving (FSD) Supervised system, projecting a clear and blunt message to French Transport Minister Phillippe Tabarot, after he publicly rejected the technology in its current form.
Tabarot outlines several concerns with Tesla Full Self-Driving in a detailed video statement, where he said, “The safety trade-offs are not yet sufficient to authorize it as it currently stands,” he said. He emphasized that FSD is not a true self-driving system and that the driver remains fully responsible.
Key issues Tabarot also brought up included allowing speeding when surrounding traffic exceeds limits and what he believes are insufficient guarantees of driver attention during complex urban maneuvers such as lane changes, intersections, and roundabouts.
Delaying the approval of FSD in France will cost lives
— Elon Musk (@elonmusk) July 22, 2026
While acknowledging technological progress and France’s support for autonomous innovation, Tabarot stressed that deployment must prioritize road safety. He noted ongoing technical discussions with Tesla, the Netherlands, and other European partners, with further ecosystem meetings planned for the fall.
Musk’s rebuke highlights the human cost of regulatory caution. Tesla’s latest safety reports provide compelling data supporting accelerated adoption. In the most recent 12-month period, vehicles using FSD (Supervised) recorded one major collision per approximately 5.1 million miles driven, dramatically better than the U.S. national average of one crash per 698,000 miles.
Even Tesla vehicles driven manually with active safety features outperform the average by a wide margin. These figures come from billions of real-world miles of telemetry, showing FSD vehicles involved in far fewer incidents than both manual Teslas and the broader U.S. fleet.
Critics argue Tesla’s comparisons require careful scrutiny regarding reporting thresholds and fleet demographics, yet the data consistently positions FSD as a potential lifesaver. With road fatalities remaining a leading cause of death worldwide, Musk contends that proven safer technology should not face prolonged bureaucratic hurdles.
France’s measured approach reflects the broader European regulatory caution, which many, especially Musk, have been critical of in the past. However, as autonomous systems from Tesla and competitors like Waymo demonstrate superior safety in independent studies, pressure is mounting for harmonized approvals.
Musk’s warning carries the belief that every month of delay may equate to avoidable tragedies on European roads.
In a striking revelation that underscores the lucrative crossover between Big Tech and space exploration, Alphabet Inc., Google’s parent company, disclosed a massive $94.1 billion equity stake in SpaceX following the rocket company’s blockbuster initial public offering earlier this year.
The disclosure came in Alphabet’s quarterly filing, marking the first time the long-held private investment has been publicly valued at market prices. Google was an early backer, investing alongside Fidelity in 2015 with roughly $500-900 million at a time when SpaceX was valued around $12 billion.
That bet has delivered extraordinary returns, roughly a hundredfold, transforming a strategic play on satellite internet and launch capabilities into one of Alphabet’s largest assets.
Google, $GOOGL, has said they hold $94 billion in SpaceX, $SPCX, shares after IPO.
— unusual_whales (@unusual_whales) July 23, 2026
Of the total holding, approximately $80 billion remains subject to short-term post-IPO lockup restrictions, preventing near-term sales. An additional $14.1 billion faces longer-term restrictions, extending into the third quarter of 2027. This structure limits immediate liquidity but protects against market volatility as SpaceX transitions into public trading.
The SpaceX position contributed significantly to gains in Alphabet’s broader investment portfolio, which also includes a major stake in AI leader Anthropic. Combined, these holdings helped drive nearly $100 billion in investment gains during the second quarter, providing a substantial boost to net income amid ongoing AI spending pressures.
Analysts view the disclosure as validation of Alphabet’s venture strategy beyond its core search and cloud businesses. The investment aligns with deeper ties, including reported multi-billion-dollar deals for AI computing capacity on SpaceX infrastructure. As SpaceX advances Starship flights, Starlink expansion, and ambitious Mars goals under Elon Musk, Google’s stake positions it to benefit from the commercialization of space.
For Alphabet, the windfall highlights how patient, forward-looking bets in transformative sectors can yield outsized rewards. While lockups temper short-term impact, the holding cements SpaceX as a cornerstone of Alphabet’s diversified portfolio in an era where aerospace, AI, and connectivity increasingly intersect. Investors will watch closely as restrictions lift and SpaceX’s public performance unfolds.
Tesla stock tumbles after earnings, one of its sharpest single-day declines
Elon Musk is not happy about this Tesla Full Self-Driving approval delay
