News
Elon Musk shares first look at Tesla Model 3 white seats at factory
Elon Musk recently shared an image of Tesla’s Model 3 seats in volume, showcasing rows upon rows and floors upon floors filled with the compact electric car’s seats. Musk’s Twitter upload, which included a fun Rick & Morty reference due to the seats looking almost like an alien army, also features a rare look into the Model 3 Performance’s white seats at the factory.
What is my purpose? Sentient seats. pic.twitter.com/s9aHHyDoud
— Elon Musk (@elonmusk) June 23, 2018
Musk’s Twitter update came late Friday, as Musk prepared to spend the weekend traveling back and forth between the Fremont factory and Gigafactory 1. Musk jested on Twitter that he was playing Infinity Work, the Reality Game all weekend, before revealing that he would spend Saturday and Sunday working. Musk mentioned, however, that the recently-constructed GA4 line in the sprung structure at the Fremont factory’s grounds is doing great, but Tesla’s GA3 crew, tasked with the production of the Model 3, is “pulling off miracles against all odds.”
Particularly notable in Elon Musk’s recent Model 3 seats update is the confirmation that the company is starting to build more of the Model 3 Performance Dual Motor. Earlier this month, Musk posted an image of the first Model 3 Performance rolling off the company’s new assembly line. Considering that there are several rows of white seats featured in Musk’s recent tweet, it appears that the production of the top-tier variant of the compact electric car is ongoing. White seats, after all, are exclusive to the Model 3 Performance, at least for now.
The Model 3’s white seats have been a point of interest for many Tesla owners, considering that the option has proved popular for both the Model S and Model X, thanks to their clean, unique look, as well as their surprising capability to resist stains. In announcements earlier this year, however, Musk noted that white seats for the Model 3 would likely begin production in July, together with the start of the Performance and Dual Motor AWD’s production. Tesla appears to have hit two birds with one stone with GA4, however, as the company was able to start manufacturing both the Model 3 Performance and the white seats option ahead of their expected rollout date.
Apart from rows of Model 3 seats, Elon Musk also shared an image of the Fremont factory’s paint room for the compact electric car. With his trademark humor, Musk jested that the room looks very “sus” (short for suspicious) considering its red splattered windows. Musk also shared a brief video clip of the Model 3’s assembly line, featuring what the CEO called “vicious torque” from the machines building the compact electric cars.
Looks so sus when we paint cars red pic.twitter.com/SIO2nInjhJ
— Elon Musk (@elonmusk) June 23, 2018
Tesla factory rn pic.twitter.com/EbgRDhRZ0m
— Elon Musk (@elonmusk) June 23, 2018
Tesla manufactures its seats at a facility on 901 Page Ave., roughly three miles away from the Fremont factory at 45500 Fremont Blvd. During the company’s Q4 2017 earnings call last February, Musk mentioned that Tesla is looking to incorporate technology from The Boring Company to transport seats between Page Ave. and the main factory. During the earnings call, CTO JB Straubel noted that while Tesla is developing high-density and high-velocity lines for both factories, limitations emerge when it comes to transporting the seats from one facility to another. To solve this, Musk noted that Tesla is looking to build a tunnel that connects the two factories, which would allow the company to transport seats to Fremont without relying on conventional methods.
News
Tesla tops American-Made Index for sixth-consecutive year
Tesla is atop the American-Made Index from Cars.com for the sixth-straight year, as the Model 3 and Model Y took the top two spots, respectively.
Last year, the Model 3, Model Y, Model S, and Model X took the top four spots, respectively. The company has routinely performed well in the Index. However, Tesla discontinued its flagship Model S and Model X earlier this year, which took the two cars out of the ranking.
Cybertruck is not considered due to its curb weight being above the 8,500-pound threshold, which eliminates it from being required to have more detailed assembly information.
Cars.com uses five main categories to develop its rankings:
- Location(s) of final assembly
- Percentage of U.S. and Canadian parts
- Countries of origin for all available engines
- Countries of origin for all available transmissions
- U.S. manufacturing workforce
These five major factors are then put into a 100-point scale. The vehicles with the highest scores sit atop the list. The Model 3 edged out the Model Y.
🇺🇸 The Tesla Model 3 and Tesla Model Y have been put atop the American-Made Index from https://t.co/PXZ0g1pPb6, meaning they are the most American vehicles you can possibly buy.
This is the SIXTH-STRAIGHT year a Tesla has been listed as the most American-made vehicle: pic.twitter.com/HyraOmaxSL
— TESLARATI (@Teslarati) June 23, 2026
Tesla uses a strong domestic strategy to build its cars and parts domestically. It relies on intense vertical integration that reduces its dependence on global suppliers, keeping more value and jobs in the United States.
This strategy has helped Tesla gain a strong reputation for domestically produced vehicles and parts. However, it helps it with more than just awards like this one. Keeping a supply chain local has also helped insulate Tesla more than others from tariffs and supply chain disruptions.
This year’s American-Made Index from Cars.com studied nearly 400 vehicles from the 2026 model year. Tesla was the only manufacturer to have an EV inside the Top 10. The Kia EV9 was the next EV to make the list, scoring the 17th position.
The Hyundai IONIQ 5 was 21st, and the final EV to make the list was the Cadillac LYRIQ in 77th.
Elon Musk
Tesla finally clarifies fatal Texas crash, confirms driver manually overrode acceleration
Tesla has finally clarified the situation regarding the viral crash in Texas where a Model 3 slammed into a home.
CEO Elon Musk replied to reports on Monday that stated the crash was due to the company’s Full Self-Driving or Autopilot suite, which seemed unlikely to those who are familiar with it. Video showed the car slamming into a house at an excessive rate of speed, making it highly unlikely the crash was due to the suite’s operation, as it does not travel at those speeds in residential areas.
Musk said:
“This makes no sense. FSD drives slowly through neighborhood streets, and this was a high-speed crash!”
Tesla’s Head of AI, Ashok Elluswamy, added context, revealing that the company’s data shows the driver “manually overrode self-driving by pressing the accelerator all the way to 100%.”
He revealed the speed reached by the car was 73 MPH, and the accelerator was still pressed “even after the crash.”
Yup. In this case, the driver manually overrode self-driving by pressing the accelerator all the way to 100% of the accel pedal in this residential area. They reached a speed of 73 mph during the crash, and had the accelerator pressed even after the crash.
— Ashok Elluswamy (@aelluswamy) June 22, 2026
Authorities are reportedly investigating “whether Tesla’s Autopilot system played a role after a Model 3 left the roadway…slammed through a brick house at high speed and fatally struck Matha Avila as she sat inside,” the New York Post reported.
The National Highway Traffic Safety Administration (NHTSA) is now investigating the crash. Tesla will work with the agency to provide them with whatever information they need in order to clarify the cause of the crash.
Similarly, Tesla had claims of a fatal accident in Harris County, Texas, a few years ago. Early reports indicated that Full Self-Driving was the cause of the crash. After the National Transportation Safety Board (NTSB) worked with Tesla, the agency proved there was “no use of the Autopilot system at any time during this ownership period of the vehicle, including the time frame up to the last transmitted timestamp on April 17, 2021.”
Tesla alleged “driverless” crash in Texas: What is known so far
“Application of the accelerator pedal was found to be as high as 98.8 percent,” the NTSB said in their findings. The highest recorded speed in the five seconds leading up to the impact was 67 miles per hour. The area where the crash occurred is residential, and Texas State laws have default speed limits of 30 MPH in residential streets.
This appears to be a similar situation. However, an investigation will prove what happened for sure.
Investor's Corner
SpaceX makes $20 billion move to optimize its balance sheet
SpaceX announced today that it commenced its first-ever public bond offering, marking a significant step in the newly public company’s capital markets strategy.
The company announced an offering of senior unsecured notes expected to raise at least $20 billion.
The move comes just a short time after SpaceX completed one of the largest initial public offerings in history. In mid-June, the company priced shares at $135 and raised more than $85 billion, propelling founder Elon Musk’s net worth past the trillion-dollar mark and giving the firm substantial liquidity.
🚨 SpaceX has announced its inaugural offering of senior unsecured notes.
The net proceeds will be used to repay outstanding loans under its bridge loan facility in full.
This inaugural debt offering represents a financing milestone for SpaceX, which previously depended… pic.twitter.com/pcOZuVbTRv
— TESLARATI (@Teslarati) June 22, 2026
According to the company’s SEC filing, the net proceeds from the notes will be used primarily to repay in full the outstanding borrowings under its existing bridge loan facility, cover related fees and expenses, and fund general corporate purposes. The offering is being conducted under Rule 144A, as well as Regulation S, targeting qualified institutional buyers and non-U.S. investors. Notes will be unsecured obligations ranking equally with other unsubordinated debt.
The $20 billion bridge loan was used to refinance approximately $17.5 billion in higher-cost “junk” debt tied to X and xAI. SpaceX had merged with xAI in February 2026 in an all-stock deal. The bridge facility, which matures in September 2027, had represented the bulk of SpaceX’s long-term debt.
SpaceX officially acquires xAI, merging rockets with AI expertise
In connection with the bond launch, SpaceX disclosed it held approximately $100.8 billion in cash and cash equivalents as of June 19. Investor calls began on the announcement date, with pricing and launch expected shortly thereafter. Rating agencies have assigned investment-grade ratings to the proposed bonds, reflecting confidence in SpaceX’s dominant position in commercial launches and the growth trajectory of its Starlink internet offering.
The debt raise also allows SpaceX to optimize its balance sheet by replacing short-term, higher-cost bridge financing with longer-date, lower-cost fixed-income securities. This provides greater financial flexibility to support capital-intensive initiatives, including the development of Starship, the expansion of the Starlink constellation, and the integration of AI capabilities following the xAI combination.
SpaceX shares (NASDAQ: SPCX) fell sharply on the news, dropping over 16 percent overall on the market on Monday. The stock had surged initially after debuting but pulled back amid profit-taking and broader market dynamics.
Overall, the bond offering underscores SpaceX’s transition to a mature public company with access to diverse funding sources. It positions the firm to pursue its long-term vision of multiplanetary expansion and AI infrastructure, while maintaining a disciplined approach to its capital structure in a high-growth but capital-heavy industry.