News
Tesla Model 3 selected over Chevy Tahoe as fire chief’s new command vehicle
With the Tesla Model 3 proving itself as a viable alternative to gas-guzzling police vehicles across the globe, it appears that other key organizations such as fire departments are now looking to utilize the all-electric sedan for their operations. Among the most recent places to do this was Kennebunk, Maine, which recently revealed that it has acquired a Model 3 as a command vehicle for the city’s fire chief.
Interestingly enough, Kennebunk Fire Department Chief Jeff Rowe had been looking to acquire a Chevy Tahoe as his next command vehicle when he heard a presentation at the local Rotary Club about the effects of environmental changes. Kennebunk already has committed to energy efficiency, being one of the signatories of the Global Covenant of Mayors for Climate and Energy. Other vehicles were then considered, including the Model 3 itself.
Some say it's mystic….It's electric Boogie woogie, woogie! Way to go Chief Rowe! #marciagriffithsPosted by Kennebunkport Fire Department on Friday, August 7, 2020
However, the Model 3 was more expensive than the Tahoe, and it was above Efficiency Maine’s ceiling, which would have given the vehicle a $7,500 incentive. But it appears that Rowe was really set to drive an electric car, as a Tesla representative later contacted the fire chief about the Model 3’s options. As it turned out, if the fire department ordered a variant with a base white color, the all-electric sedan could meet the threshold for the state’s incentives.
The Kennebunk Fire Department ultimately acquired a Model 3 Dual-Motor AWD variant. The purchase ultimately cost $41,490 including the $7,500 state incentive. This made the Model 3 only $2,000 more than a Chevy Tahoe, and that difference is easily leveled out by the all-electric car’s gas savings. Rowe drives about 9,000 to 10,000 miles annually, after all, which translates to about $1,500 a year on gas. The Model 3, on the other hand, is expected to raise the fire department’s electric bill by $30 per month, which translates to about $360 per year.
For now, the Tesla Model 3 command unit is being used primarily by Rowe, as well as other fire department personnel. It’s used for traveling to inspections, fire calls, related meetings, and out-of-town events. The department is also building a slide-out office at the rear trunk of the Model 3 as a command center of sorts where the chief could keep track of updates at fire scenes. The Model 3’s command center is smaller than those found in SUVs, Rowe noted, though it was quite comparable to the Ford Crown Victorias that were used by the department before.
In a press release, Rowe noted that his transition to the Model 3 actually proved to be quite smooth. There are charging stations in the city, and a Level 2 charger had been installed at the fire department. According to the chief, he typically plugs in the Model 3 when he arrives at work in the morning, and the vehicle is usually fully-charged by noon. He also mentioned that the Model 3 behaves quite nicely on the road, since there’s no wait or hesitation when he presses on the accelerator. There’s just the rush of instant torque propelling the Dual-Motor AWD Model 3 from 0-60 mph in 4.4 seconds.
Elon Musk
Elon Musk will give ‘every kid in America’ a SpaceX share in 2027
Elon Musk said he is planning to give “every one of his SpaceX shares to every kid in America” in 2027, stating that “this will be the first of many.”
SpaceX went public earlier this year, and its stock price has been relatively stable since leveling off shortly after its IPO. Based on its current price, it’s a gift of just over $10 billion to children across the United States.
It appears to be closely related to President Donald Trump’s bank accounts for children, which were set up earlier this year as Trump Accounts.
Just hours earlier, Anthropic had announced the establishment of its Anthropic Public Benefit Fund, “a new wholly-owned entity dedicated entirely to public benefit.” Musk responded by stating he recommended “giving the shares directly to the public,” and that he would be doing it that way.
Just a little bit later, Musk said children across the U.S. would be getting a share from him:
Next year, I will give one of my SpaceX shares to every kid in America.
This will be the first of many.
— Elon Musk (@elonmusk) October 19, 2026
There are roughly 70 million children, meaning someone under the age of 18, in the United States, according to the Federal Interagency Forum on Child and Family Statistics. Musk’s ownership of SpaceX stock shows he has around 849 million Class A shares of SpaceX stock, according to filings with the SEC.
Elon Musk
Tesla CEO Elon Musk reminds everyone about Roadster’s true meaning
Tesla CEO Elon Musk took to his social media platform X on Sunday to remind everyone that the Roadster’s true meaning is not about company growth or adding dollars to shareholders’ pockets. Sometimes, you just do things because you can.
Following the Roadster’s epic unveiling event last Thursday, skeptics and critics of the company or the project itself came out to say that the vehicle is a pointless project because it is not geared toward growing the company, delivering supreme margins for profitability, nor does it contribute to the big picture of Artificial/Super Intelligence.
But that’s just the thing: Roadster is not meant to be some shareholder dream; it’s meant to be a vehicle that people buy just because it is something awesome, unique, and the first of its kind.
Tesla Roadster: Three configs, one can fly, 0-60 in 0.8 seconds
Musk had to remind those who are skeptical about the Roadster’s importance to the company mission that while it is not a major contributor to Tesla’s long-term goals, it is something that is being built just because it can be:
“Optimus and Cybercab will be the vast majority of Tesla’s value. The only things that will scale to incredible size (K2 and beyond) economically are super intelligence, robots, solar power, and mass to space. And, of course, if you have the first two, the rest will follow. But Roadster is super cool, so we’re doing it anyway.”
Musk has said on many occasions that Optimus would be the project that would make up the vast majority of Tesla’s value in the coming years.
Robotics will be a major focus of Tesla over the coming years, especially as Musk believes Optimus will enable work to be optional for humans and will enable what he calls “High Universal Income.”
Optimus and Cybercab will be the vast majority of Tesla’s value.
The only things that will scale to incredible size (K2 and beyond) economically are super intelligence, robots, solar power and mass to space.
And, of course, if you have the first two, the rest will follow.
But Roadster is super cool, so we’re doing it anyway.
— Elon Musk (@elonmusk) October 18, 2026
Cybercab will be a passive income opportunity for owners, Musk and Tesla have said for a very long time, as a fleet of self-driving vehicles will operate within a ride-hailing Robotaxi service that won’t require a human driver to be present.
Tesla investors are more than enthusiastic about the company’s future projects, at least from a general consensus perspective. However, it is important to note that the Roadster is a fun and cool project that pushes the boundaries of what people thought was possible for an automobile.
What we saw last week was the first true example of a flying car, and despite the backlash about how it might not contribute to Tesla’s grand ambitions, it’s okay to have fun sometimes, too.
Investor's Corner
SpaceX’s biggest earnings test yet lands Tuesday, and Tesla shareholders should be watching
SpaceX reports earnings Tuesday as Wall Street watches AI spending, Starlink growth and Tesla merger
SpaceX reports third quarter results after the market closes Tuesday, with a webcast at 4:30 p.m. ET streamed on X, and Tesla follows a day later. Bloomberg consensus, cited by Pepperstone, calls for revenue of $12.89 billion, adjusted EBITDA of $6.62 billion and adjusted EPS near $0.15. That would be about 65% growth from the second quarter and SpaceX’s first profitable quarter since its IPO. Analysts expect roughly $6.4 billion from AI and $4.9 billion from Starlink, which is projected to reach 14.3 million consumer subscribers. Capital spending is forecast at $19.6 billion, leaving free cash flow near negative $11.6 billion.
The numbers matter because SpaceX has spent months trying to win over a skeptical market. It priced its record IPO at $135, spiked to $225.64, then sank near $105 in early August. Friday’s close of $146.03 sits about 28% below the June high. The Q2 report beat on revenue at $7.8 billion and put Starlink at 12 million subscribers, but $18.4 billion of capex hurt the stock. Since then SpaceX reached orbit on Starship Flight 14 with 26 Starlink V3 satellites, agreed to buy 800 MHz spectrum for about $8 billion as part of its Starlink Mobile push, and signed a fourth compute hosting deal in four months worth roughly $13 billion a year from December. Management is targeting more than 2 gigawatts of compute by year end and a $100 billion annualized revenue run rate. Evercore ISI, which raised its target to $275, said the quarter may be judged more on those targets than the reported figures
All of this sits under the Tesla merger question. Barclays analyst Dan Levy expects an all stock deal in which SpaceX buys Tesla at a premium, using reference values of $2.1 trillion and $1.5 trillion, and said an announcement would need to come by late October or early November to be voted on at Tesla’s December 6 annual meeting. Barclays estimates Musk would hold about 37% of the combined company and 56% of the votes. Musk said in July that combining companies cannot be discussed on an earnings call, but an investor question asking when SpaceX will merge with Tesla is sitting on SpaceX’s Q&A platform, and Teslarati has tracked how the Roadster demo revived the talk.
If a deal happens, Tuesday’s result would effectively set the price Tesla holders would receive. Their shares would convert into SpaceX stock, along with exposure to a company with a heavy investment on AI, while Tesla itself expects 2026 capex above $25 billion. A strong quarter and calmer spending would make that exchange easier to sell. Another round of heavy capex and a falling stock would make it harder.