Tesla’s Autopilot is one of the most advanced driver-assist systems in the market today; but beyond its convenience features, it is also designed to keep drivers safe. This was something that became evident for electric vehicle veteran and Model 3 owner Martin Grefte, who unfortunately ended up in a head-on collision with a tree last month.
Grefte noted that on the day of the accident, he was not the most attentive driver. He had just received word that his sister in law had been taken to the intensive care unit due to the coronavirus. Thus, his attention was focused mostly on his family member, not on the road. He ended up driving off the exit of the highway, straight into a wooded area, and crashing head-on into a tree at 72 km/h.
The impact was massive, and it completely obliterated the front of the Model 3. Images from the crash revealed that the Model 3’s front crumple zone ended up being wrapped around the tree. But thanks to the Model 3’s stellar 5-Star Safety Rating and the vehicle’s all-electric construction, Grefte was able to escape from the accident relatively unharmed. He had some minor scratches from a branch that went through the Model 3’s front window, but that was it.
While relating his experience on Twitter, Grefte stated that his vehicle might have avoided the accident if it had been operating on Autopilot. Considering his circumstances during the day of the accident, the Tesla owner noted that Autopilot would have proven a far safer driver than himself.
“You know, if you pull off a highway, autopilot turns automatically ‘off.’ And mostly on all exits, I put it ‘on’ again. But I did not do that this time. In this case (I’m) sure ‘Autopilot’ certainly would have been better than ‘Human pilot’ and would have avoided the crash,” he wrote.
The experience proves that Teslas are among the safest cars in the market today; so much so that the day following the accident, Grefte decided to order another Model 3 from the electric car maker. There are very few cars on the road, after all, which could protect passengers to such a degree as the all-electric sedan. Such is simply the mark of Tesla, and its vehicles’ construction and design.
Yet behind the Model 3’s safety rating, Grefte’s experience speaks a lot about the value of Autopilot as a safety feature. Tesla critics would scoff at the idea, but Autopilot has the capability to prevent a lot of crashes that result from distracted drivers. Fortunately, Tesla is now bundling basic Autopilot with each vehicle purchase save for the $35,000 Standard Range Model 3. With this, more and more of Tesla’s fleet will have access to features that not only make driving a lot more convenient, but safer as well.
Investor's Corner
Tesla gets its latest short from Michael Burry: ‘Happy it jumped back to this level’
Tesla short seller Michael Burry, the subject of the film “The Big Short,” where he was portrayed by Steve Carell, has revealed he has opened a new bet against the stock.
In a new update to his Substack newsletter in a post titled “Trading Post June 30, 2026,” Burry revealed a new set of bets against Tesla, Caterpillar, NVIDIA, Applied Materials Inc., and the iShares Semiconductor ETF.
In regard to Tesla, Burry wrote:
“And finally I shorted Tesla at 416.22. Happy it jumped back to this level.”
This means Burry likely opened his new short position after the company’s recent rally on Wall Street, which saw Tesla shares sink in mid-May, only to recover to well over the $400 mark. Currently, shares trade at around $427.
The company saw a big Tuesday as shares climbed considerably, over 10 percent. The size of the Tesla short was not provided, nor did Burry give any information on the position’s structure, the number of shares, dollar value, or whether options were used in the short.
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Over the years, Burry has been one of the more vocal critics of Tesla, calling its share price “media inflated,” and saying it was “ridiculously overvalued” as recently as December.
The company has largely transitioned away from being known as an automotive company and instead is much more widely regarded as an AI play, mostly due to its Full Self-Driving efforts, Optimus robot development, and data collection related to both.
This has not pulled those skeptics away from being vocal about their distaste for how Tesla is valued, but there’s no denying that the company is a global force in many things, including sustainable energy, automotive, and AI.
Wedbush Securities is initiating stock coverage on SpaceX (NASDAQ: SPCX), marking the first comments on the company since it went public several weeks ago. Wedbush and its analyst handling coverage, Dan Ives, are widely bullish on fellow Musk company Tesla (NASDAQ: TSLA).
Ives wrote his first note initiating coverage of SpaceX shares on Wednesday with a $190 price target and an ‘Outperform’ rating. The firm believes the company is well positioned off of its IPO because of its wide array of projects, including AI compute power and infrastructure, connectivity projects, and launches.
“We view SpaceX as one of the most differentiated assets within the tech market with a strong footprint across its three core markets, with Starlink driving success with connectivity,” Ives wrote, “Starship launches leading to a demand flywheel and increasing deal flow for its Colossus clusters.”
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Wedbush leans heavily on Starlink, which they say is the “profitability driver given the strength of its recurring revenue base of ~12 million subscribers as of June 5th.” Ives believes Starlink is still in the “early innings” of penetrating the global telecommunications and broadband market, as it only holds less than a 1 percent share. However, this number is sure to increase over time.
It also highlights the importance of Starship, which it says is an “essential layer” of SpaceX’s overall success. SpaceX developing and displaying the ability to reuse rockets is a major cost and reliability advantage “as it reduces the necessary hardware launch costs while generating a feedback loop for future flights to improve their launch flight rate without accelerating capex spend.”
Finally, SpaceX’s recent AI/Compute projects are also very elementary, Ives writes. It is worth mentioning Wedbush said its $190 price target is derived from a valuation forecast that sees the company yielding roughly $2.48 trillion of implied enterprise value.
There are also some factors that Wedbush did not take into account with its initial coverage. The firm wrote in the note:
“We note that there is optional value coming from Starship’s accelerating scale towards sub-$200/kg unit economics, orbital data centers, and enterprise AI monetization as these factors could drive meaningful upside but these face major hurdles, so we do not take that into account with our valuation.”
SpaceX shares are down just over 2 percent today, trading at around $167 at the time of publication.
Tesla has expanded the footprint of a massive safety feature worldwide with a recent Software Update labeled as 2026.20.6. The expansion of the “Blind Spot Warning While Parked” feature represents the more widespread availability of the feature, which aims to prevent “dooring.”
Dooring is when a driver or passenger opens a car door into the path of an oncoming road user, usually a cyclist or motorcyclist. It is among the most common types of cycling accidents, the League of American Bicyclists says.
For this reason, Tesla created a feature that warns occupants not to open the door because an object is approaching. The feature will sound a chime, and it will also delay the opening of the door to prevent an incident.
The release notes state (via Not a Tesla App):
“If you attempt to open a door while an approaching object is detected in your blind spot (for example, a bicyclist approaching from behind) a chime sounds, and your door will not open upon initial button press. Wait a short time and press the button a second time to override the warning.”
Tesla initially rolled out this feature back in 2024 with the Model 3 “Highland.” However, it remained with the Model 3 exclusively for over a year; that was until Tesla added it to the Cybertruck this past Spring.
Now, it is making its way to the new Model Y, 2021 and newer Model S, and 2021 or newer Model X.
The prevention of dooring incidents could eliminate many injuries to cyclists, especially in an urban setting. Dooring accounts for 10-20 percent of bike-related crashes in major cities, and over 17,000 dooring-related incidents were treated in the U.S. over the course of a decade. These usually involve fractures, contusions, and head trauma.
Tesla gets its latest short from Michael Burry: ‘Happy it jumped back to this level’
SpaceX gets initial stock coverage from Tesla’s biggest bull
