News
Tesla Model 3 wins Detroit News’ 2018 Car of the Year award: ‘It is Apple on wheels’
It appears that Elon Musk was right to bet the future of Tesla on the Model 3. Since the electric car started getting delivered to its long list of reservation holders, the vehicle has won the hearts of EV enthusiasts and old-school gearheads alike. A member of the latter group is Henry Payne of The Detroit News, who previously noted in an appearance at Autoline TV that he purchased a Long Range RWD Model 3 simply because there is no other vehicle like it on the road.
Payne is a true-blooded car enthusiast. Apart from being a 30-year veteran of the news industry, Payne is also an avid racecar driver and a professional automotive critic. He is also the farthest from being a stereotypical EV buyer, openly admitting that he’s not a “greenie” and that he is not a global warming believer. That said, if there is one thing that Payne knows, it is cars — how they work, and how good they are.
As it turns out, Tesla’s midsize sedan ended up impressing the automotive veteran. So impressed was Payne with his Tesla Model 3 that in a recent column, he actually selected the electric sedan as The Detroit News‘ 2018 Car of the Year. That’s right. An electric car — a rather tame version of the vehicle at that — convinced a lifelong gearhead that it was arguably the best vehicle available in the United States this year.
Payne noted that Tesla made history in 2018, becoming the first viable startup automaker he encountered in his lifetime. Elaborating on the Model 3, Payne noted that the vehicle has remained competitive in the auto industry despite being a sedan in a market that loves larger vehicles like SUVs. The automotive veteran further pointed out that Tesla was able to achieve all of this despite the constant barrage of skepticism from the company’s critics, Elon Musk’s Twitter missteps, and the company’s manufacturing errors such as over-automating the Model 3 line.
Ultimately, though, Payne stated that the Model 3 is exceptional simply because it reimagines what a car could be like. And it was able to do so without compromising on performance.
“The $55,000 Model 3 succeeds because it is Apple on wheels. Musk re-imagined the car like Steve Jobs re-thought the phone — as a study in design minimalism that is both gorgeous and more efficient than established platforms. Privately, other automaker execs tell me they admire Tesla for innovations that are pushing the industry forward: over-the-air updates, better connectivity, better user interfaces.”
“As different as the Tesla’s operating system is, it sacrifices little in performance to segment athletes like BMW and Alfa. Despite its inherent weight disadvantage, the porky 80.5-kWh battery is integrated to the chassis low in the car, making for good vehicle dynamics.”
What’s particularly noteworthy is that Payne dubbed the Model 3 as the 2018 Car of the Year despite having what appears to be outdated information about the vehicle. For one, he referenced a track test from Motor Trend‘s Randy Pobst, stating that the Model 3 Performance was just a second slower than the Alfa Romeo Quadrifoglio. That particular test mentioned by The Detroit News veteran involved the pre-release version of the Model 3 Performance’s Track Mode. Tesla actually collaborated with Pobst to fine-tune the “release version” of Track Mode after the vehicle’s loss to the Alfa in the initial test. With the release version of Track Mode, the Model 3 Performance soundly beat the Alfa Romeo Quadrifoglio’s time.
Ultimately, though, the auto veteran noted that the Model 3’s combination of driving dynamics and software integration makes the electric car a remarkable vehicle overall.
“A showcase for autonomous features like summon and automatic lane-change, the high-tech Model 3 reaffirms the joy of driving,” Payne concluded.
Elon Musk
SpaceX issues statement on Starship V3 Booster 18 anomaly
The incident unfolded during gas-system pressure testing at the company’s Massey facility in Starbase, Texas.
SpaceX has issued an initial statement about Starship Booster 18’s anomaly early Friday. The incident unfolded during gas-system pressure testing at the company’s Massey facility in Starbase, Texas.
SpaceX’s initial comment
As per SpaceX in a post on its official account on social media platform X, Booster 18 was undergoing gas system pressure tests when the anomaly happened. Despite the nature of the incident, the company emphasized that no propellant was loaded, no engines were installed, and personnel were kept at a safe distance from the booster, resulting in zero injuries.
“Booster 18 suffered an anomaly during gas system pressure testing that we were conducting in advance of structural proof testing. No propellant was on the vehicle, and engines were not yet installed. The teams need time to investigate before we are confident of the cause. No one was injured as we maintain a safe distance for personnel during this type of testing. The site remains clear and we are working plans to safely reenter the site,” SpaceX wrote in its post on X.
Incident and aftermath
Livestream footage from LabPadre showed Booster 18’s lower half crumpling around the liquid oxygen tank area at approximately 4:04 a.m. CT. Subsequent images posted by on-site observers revealed extensive deformation across the booster’s lower structure. Needless to say, spaceflight observers have noted that Booster 18 would likely be a complete loss due to its anomaly.
Booster 18 had rolled out only a day earlier and was one of the first vehicles in the Starship V3 program. The V3 series incorporates structural reinforcements and reliability upgrades intended to prepare Starship for rapid-reuse testing and eventual tower-catch operations. Elon Musk has been optimistic about Starship V3, previously noting on X that the spacecraft might be able to complete initial missions to Mars.
Investor's Corner
Tesla analyst maintains $500 PT, says FSD drives better than humans now
The team also met with Tesla leaders for more than an hour to discuss autonomy, chip development, and upcoming deployment plans.
Tesla (NASDAQ:TSLA) received fresh support from Piper Sandler this week after analysts toured the Fremont Factory and tested the company’s latest Full Self-Driving software. The firm reaffirmed its $500 price target, stating that FSD V14 delivered a notably smooth robotaxi demonstration and may already perform at levels comparable to, if not better than, average human drivers.
The team also met with Tesla leaders for more than an hour to discuss autonomy, chip development, and upcoming deployment plans.
Analysts highlight autonomy progress
During more than 75 minutes of focused discussions, analysts reportedly focused on FSD v14’s updates. Piper Sandler’s team pointed to meaningful strides in perception, object handling, and overall ride smoothness during the robotaxi demo.
The visit also included discussions on updates to Tesla’s in-house chip initiatives, its Optimus program, and the growth of the company’s battery storage business. Analysts noted that Tesla continues refining cost structures and capital expenditure expectations, which are key elements in future margin recovery, as noted in a Yahoo Finance report.
Analyst Alexander Potter noted that “we think FSD is a truly impressive product that is (probably) already better at driving than the average American.” This conclusion was strengthened by what he described as a “flawless robotaxi ride to the hotel.”
Street targets diverge on TSLA
While Piper Sandler stands by its $500 target, it is not the highest estimate on the Street. Wedbush, for one, has a $600 per share price target for TSLA stock.
Other institutions have also weighed in on TSLA stock as of late. HSBC reiterated a Reduce rating with a $131 target, citing a gap between earnings fundamentals and the company’s market value. By contrast, TD Cowen maintained a Buy rating and a $509 target, pointing to strong autonomous driving demonstrations in Austin and the pace of software-driven improvements.
Stifel analysts also lifted their price target for Tesla to $508 per share over the company’s ongoing robotaxi and FSD programs.
Elon Musk
SpaceX Starship Version 3 booster crumples in early testing
Photos of the incident’s aftermath suggest that Booster 18 will likely be retired.
SpaceX’s new Starship first-stage booster, Booster 18, suffered major damage early Friday during its first round of testing in Starbase, Texas, just one day after rolling out of the factory.
Based on videos of the incident, the lower section of the rocket booster appeared to crumple during a pressurization test. Photos of the incident’s aftermath suggest that Booster 18 will likely be retired.
Booster test failure
SpaceX began structural and propellant-system verification tests on Booster 18 Thursday night at the Massey’s Test Site, only a few miles from Starbase’s production facilities, as noted in an Ars Technica report. At 4:04 a.m. CT on Friday, a livestream from LabPadre Space captured the booster’s lower half experiencing a sudden destructive event around its liquid oxygen tank section. Post-incident images, shared on X by @StarshipGazer, showed notable deformation in the booster’s lower structure.
Neither SpaceX nor Elon Musk had commented as of Friday morning, but the vehicle’s condition suggests it is likely a complete loss. This is quite unfortunate, as Booster 18 is already part of the Starship V3 program, which includes design fixes and upgrades intended to improve reliability. While SpaceX maintains a rather rapid Starship production line in Starbase, Booster 18 was generally expected to validate the improvements implemented in the V3 program.
Tight deadlines
SpaceX needs Starship boosters and upper stages to begin demonstrating rapid reuse, tower catches, and early operational Starlink missions over the next two years. More critically, NASA’s Artemis program depends on an on-orbit refueling test in the second half of 2026, a requirement for the vehicle’s expected crewed lunar landing around 2028.
While SpaceX is known for diagnosing failures quickly and returning to testing at unmatched speed, losing the newest-generation booster at the very start of its campaign highlights the immense challenge involved in scaling Starship into a reliable, high-cadence launch system. SpaceX, however, is known for getting things done quickly, so it would not be a surprise if the company manages to figure out what happened to Booster 18 in the near future.
SpaceX issues statement on Starship V3 Booster 18 anomaly
Tesla analyst maintains $500 PT, says FSD drives better than humans now
