As it turns out, driving a vehicle with no internal combustion engine and instant torque is quite useful when faced with literal terrorists. This was something that a Model 3 Performance owner from Israel learned firsthand when he encountered Hamas terrorists as he was heading to an assembly point.
During the beginning of Hamas’ attack, a Tesla owner from Mefalsim, a kibbutz in Southern Israel near the Gaza Strip, was called in with the community’s alert squad. As he was driving to the assembly point, he encountered a vehicle loaded with Hamas terrorists. Photos and videos of the Model 3 Performance after its run-in with the terrorists hinted at the shocking events that transpired.
Saved by Tesla. Performance version.
From Kibbutz Mefalsim to Brazilai hospital, at 180 km/h, with 1 tire missing, after terrorists sprayed Tesla with bullets.
His wife was updated on the location and his ER admission, with the real-time Tesla app.
Am Yisrael Chai @elonmusk ❤️ https://t.co/RhymORVFkV pic.twitter.com/9TTLPbiCHD— Michael Lugassy (@mluggy) October 12, 2023
Speaking from Sheba Hospital, where he is recovering from a series of surgeries due to the attack, the Tesla owner told Israeli publication Walla about his encounter. According to the Model 3 owner, the terrorists proceeded to spray the Model 3 with bullets, shooting at the front in an attempt to hit the engine. The terrorists also shot at the Model 3’s rear, seemingly in an attempt to ignite the fuel tank. Fortunately, the Model 3 Performance had neither an engine nor a fuel tank.
“The terrorists recognized me from a distance of 10 meters. In addition to their Kalashnikovs, they had a machine gun in the battle that fired bullets of a larger diameter. They didn’t realize it was an electric car, so they shot at the front, hoping to hit the engine that wasn’t there, and at the back, attempting to ignite the non-existent fuel. They shot my tires. I pressed the gas, and they started chasing me,” the Tesla owner noted.
Sorry about the language, Hebrew ? pic.twitter.com/keNJAnHIhc— Captain Eli (@TheCaptainEli) October 12, 2023
At this point, it was a matter of survival. Thankfully, the Model 3 Performance is a very quick car, and the Tesla owner was able to gain some distance from his attackers. The Model 3 owner noted that his car’s acceleration ultimately allowed him to get away, and the Tesla’s safety systems allowed him to drive to a hospital at speed, even with blown-out tires.
“They shot at my tires, but the acceleration of the Tesla is astonishing even in this situation, and the dual propulsion managed to keep us on the road. I distanced myself from them quickly, but I knew I had to reach the hospital as fast as possible, so I drove at a speed of 180 km/h (111 mph) with blown-out tires. The tires began to disintegrate, but the dual propulsion balanced the wheels, some of which were already on the rims. According to the app, I was still driving at 170-180 km/h,” he noted.
Another video from the interior
Credit to:@mluggy https://t.co/qjkzvnUpAQ pic.twitter.com/LxOZpy7FeR— Captain Eli (@TheCaptainEli) October 13, 2023
The Tesla owner was able to drive to Barzilai Hospital on his damaged Model 3. By the time the Tesla owner reached the hospital gates, his Model 3 had dozens of bullet holes, and he was bleeding from multiple injuries. Almost miraculously, the Model 3 was reportedly still operational by the time it reached the hospital. The Tesla owner’s wife was even able to track the Model 3 due to updates on the Tesla App. In later comments, the Model 3 owner noted that his next vehicle will be another Tesla.
“I took bullets in my legs and hand, and one in the skull and shrapnel. But my head works and motivation kept me on the road even now in the hospital. The car continued to drive; the battery didn’t heat up, but it took a lot. There is no part that didn’t take a bullet. It still drives if you press the gas, but it seems to me that I should already be thinking about my next Tesla,” he said.
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Tesla stock (NASDAQ: TSLA) closed at an all-time high on Tuesday, jumping over 3 percent during the day and finishing at $489.88.
The price beats the previous record close, which was $479.86.
Shares have had a crazy year, dipping more than 40 percent from the start of the year. The stock then started to recover once again around late April, when its price started to climb back up from the low $200 level.
This week, Tesla started to climb toward its highest levels ever, as it was revealed on Sunday that the company was testing driverless Robotaxis in Austin. The spike in value pushed the company’s valuation to $1.63 trillion.
Tesla Robotaxi goes driverless as Musk confirms Safety Monitor removal testing
It is the seventh-most valuable company on the market currently, trailing Nvidia, Apple, Alphabet (Google), Microsoft, Amazon, and Meta.
Shares closed up $14.57 today, up over 3 percent.
The stock has gone through a lot this year, as previously mentioned. Shares tumbled in Q1 due to CEO Elon Musk’s involvement with the Department of Government Efficiency (DOGE), which pulled his attention away from his companies and left a major overhang on their valuations.
However, things started to rebound halfway through the year, and as the government started to phase out the $7,500 tax credit, demand spiked as consumers tried to take advantage of it.
Q3 deliveries were the highest in company history, and Tesla responded to the loss of the tax credit with the launch of the Model 3 and Model Y Standard.
Additionally, analysts have announced high expectations this week for the company on Wall Street as Robotaxi continues to be the focus. With autonomy within Tesla’s sights, things are moving in the direction of Robotaxi being a major catalyst for growth on the Street in the coming year.
Elon Musk
Tesla needs to come through on this one Robotaxi metric, analyst says
“We think the key focus from here will be how fast Tesla can scale driverless operations (including if Tesla’s approach to software/hardware allows it to scale significantly faster than competitors, as the company has argued), and on profitability.”
Tesla needs to come through on this one Robotaxi metric, Mark Delaney of Goldman Sachs says.
Tesla is in the process of rolling out its Robotaxi platform to areas outside of Austin and the California Bay Area. It has plans to launch in five additional cities, including Houston, Dallas, Miami, Las Vegas, and Phoenix.
However, the company’s expansion is not what the focus needs to be, according to Delaney. It’s the speed of deployment.
The analyst said:
“We think the key focus from here will be how fast Tesla can scale driverless operations (including if Tesla’s approach to software/hardware allows it to scale significantly faster than competitors, as the company has argued), and on profitability.”
Profitability will come as the Robotaxi fleet expands. Making that money will be dependent on when Tesla can initiate rides in more areas, giving more customers access to the program.
There are some additional things that the company needs to make happen ahead of the major Robotaxi expansion, one of those things is launching driverless rides in Austin, the first city in which it launched the program.
This week, Tesla started testing driverless Robotaxi rides in Austin, as two different Model Y units were spotted with no occupants, a huge step in the company’s plans for the ride-sharing platform.
Tesla Robotaxi goes driverless as Musk confirms Safety Monitor removal testing
CEO Elon Musk has been hoping to remove Safety Monitors from Robotaxis in Austin for several months, first mentioning the plan to have them out by the end of 2025 in September. He confirmed on Sunday that Tesla had officially removed vehicle occupants and started testing truly unsupervised rides.
Although Safety Monitors in Austin have been sitting in the passenger’s seat, they have still had the ability to override things in case of an emergency. After all, the ultimate goal was safety and avoiding any accidents or injuries.
Goldman Sachs reiterated its ‘Neutral’ rating and its $400 price target. Delaney said, “Tesla is making progress with its autonomous technology,” and recent developments make it evident that this is true.
Investor's Corner
Tesla gets bold Robotaxi prediction from Wall Street firm
Last week, Andrew Percoco took over Tesla analysis for Morgan Stanley from Adam Jonas, who covered the stock for years. Percoco seems to be less optimistic and bullish on Tesla shares, while still being fair and balanced in his analysis.
Tesla (NASDAQ: TSLA) received a bold Robotaxi prediction from Morgan Stanley, which anticipates a dramatic increase in the size of the company’s autonomous ride-hailing suite in the coming years.
Last week, Andrew Percoco took over Tesla analysis for Morgan Stanley from Adam Jonas, who covered the stock for years. Percoco seems to be less optimistic and bullish on Tesla shares, while still being fair and balanced in his analysis.
Percoco dug into the Robotaxi fleet and its expansion in the coming years in his latest note, released on Tuesday. The firm expects Tesla to increase the Robotaxi fleet size to 1,000 vehicles in 2026. However, that’s small-scale compared to what they expect from Tesla in a decade.
Tesla expands Robotaxi app access once again, this time on a global scale
By 2035, Morgan Stanley believes there will be one million Robotaxis on the road across multiple cities, a major jump and a considerable fleet size. We assume this means the fleet of vehicles Tesla will operate internally, and not including passenger-owned vehicles that could be added through software updates.
He also listed three specific catalysts that investors should pay attention to, as these will represent the company being on track to achieve its Robotaxi dreams:
- Opening Robotaxi to the public without a Safety Monitor. Timing is unclear, but it appears that Tesla is getting closer by the day.
- Improvement in safety metrics without the Safety Monitor. Tesla’s ability to improve its safety metrics as it scales miles driven without the Safety Monitor is imperative as it looks to scale in new states and cities in 2026.
- Cybercab start of production, targeted for April 2026. Tesla’s Cybercab is a purpose-built vehicle (no steering wheel or pedals, only two seats) that is expected to be produced through its state-of-the-art unboxed manufacturing process, offering further cost reductions and thus accelerating adoption over time.
Robotaxi stands to be one of Tesla’s most significant revenue contributors, especially as the company plans to continue expanding its ride-hailing service across the world in the coming years.
Its current deployment strategy is controlled and conservative to avoid any drastic and potentially program-ruining incidents.
So far, the program, which is active in Austin and the California Bay Area, has been widely successful.
Tesla stock closes at all-time high on heels of Robotaxi progress
Tesla needs to come through on this one Robotaxi metric, analyst says
