

News
Tesla Model S Guinness record holder poised to hit 1.2-million km milestone
When Tesla owner Hansjörg Gemmingen started racking up the miles in an all-electric car, the EV world was still a very different place. Gemmingen initially started with an original Tesla Roadster, which he used heavily despite the lack of public charging stations and the vehicle’s lack of advanced charging support. He shifted to a Model S P85 in 2014, which was larger and more comfortable, and he has been driving the vehicle since.
In November 2019, Gemmingen’s Model S P85 reached the 1 million km (over 621,000 miles) mark, an achievement that was officially validated by a representative for the Guinness Book of Records. It was a large victory for electric vehicles. When the Tesla owner started his journey, after all, questions still lingered about whether EVs could be suitable for everyday driving. Crossing the 1 million km mark completely decimated these assumptions.
But Gemmingen and his resilient Model S P85 are not yet done. Far from it, in fact, with the Tesla owner recently posting on Twitter that he is now knocking on the 1.2 million km mark. As of yesterday, Gemmingen’s Model S had traveled a total of 1,199,413 km (over 745,200 miles), and the Tesla owner estimated that he will likely cross the 1.2 million km mark the next day. Elon Musk, for his part, shared his congratulations to the Tesla owner.
In a statement with the media following his Model S P85’s 1 million km milestone, Gemmingen remarked that he is not done pushing his vehicle to its limits. Needless to say, the Tesla owner and his Model S are likely now pursuing much higher challenges, such as achieving a milestone of 1 million miles, or about 1.6 million kms.
The journey to 1.2 million kilometers has not been completely free of challenges. Since 2014, the Model S P85 had required a battery change at 470,000 km. Three electric motors had been used in the vehicle during its initial 1 million km run as well. These repairs were all covered under the vehicle’s warranty, however, resulting in very little maintenance costs for the Tesla owner.
Interestingly enough, the Tesla owner is using a Model S P85, one of Tesla’s earlier cars. The Model S has undergone numerous improvements since then, from the addition of another electric motor to massive battery improvements that now allow the vehicle’s non-Performance, 100 kWh variant to reach 402 miles per charge. Tesla has also released more affordable vehicles like the Model 3 and Model Y, which are equipped with larger 2170 cells.
Investor's Corner
Rivian stock rises as analysts boost price targets post Q1 earnings
Rivian impressed with smaller-than-expected losses & strong revenue, pushing analysts to raise price targets.

Rivian stock is gaining traction as Wall Street analysts raise price targets following the electric vehicle (EV) maker’s first-quarter earnings report. Despite a dip after the announcement, optimism surrounds Rivian’s cost control and upcoming lower-priced cars.
Last week, Rivian reported a better-than-expected Q1 gross profit, surpassing Wall Street’s forecasts with adjusted losses of $0.48 per share against expectations of $0.92 per share. The company also reported a revenue of $1.24 billion compared to the $1.01 billion anticipated.
However, the EV automaker cut its 2025 delivery forecast and capital spending due to President Donald Trump’s tariffs. It explained that it is “not immune to the impacts of the global trade and economic environment.” RIVN stock dropped nearly 6% post-earnings, closing at $12.72 per share.
Wall Street remains upbeat about Rivian, citing progress toward launching lower-priced vehicles in 2026 and effective cost management. On Monday, Stifel analyst Stephen Gengaro raised his RIVN price target to $18 from $16, maintaining a “Buy” rating. He highlighted Rivian’s “solid progress” toward key milestones.
Conversely, Bernstein’s Daniel Roeska gave RIVN a “Sell” rating. However, Roeska also lifted his Rivian price target to $7.05 from $6.10, acknowledging “better” Q1 results. He warned that profitability remains distant and hinges on multiple product launches by the decade’s end.
Overall, Wall Street’s average price target for RIVN climbed from $14.18 to $14.31, a modest 13-cent increase reflecting positive sentiment. About one-third of analysts covering Rivian rate it a Buy, compared to the S&P 500’s average Buy-rating ratio of 55%.
On Monday, Rivian stock rose 2.7% to $14.64, slightly trailing the S&P 500 and Dow Jones Industrial Average, which gained 3.3% and 2.8%, respectively. The uptick may also stem from broader market gains tied to news of a temporary U.S.-China tariff suspension.
As Rivian navigates trade challenges and scales production at its Illinois factory, its Q1 performance and analyst support signal resilience. With lower-priced EVs on the horizon, Rivian’s strategic moves could bolster its position in the competitive EV market, offering investors cautious optimism for long-term growth.
News
EU weighs Starlink’s market impact during SES-Intelsat deal
As SES tries to buy Intelsat, the EU is checking if Starlink has an unfair edge. The review could shape Europe’s space future.

EU antitrust regulators are scrutinizing SES’s $3.1 billion bid to acquire Intelsat, probing whether SpaceX’s Starlink poses a credible rival in the satellite communications market. The European Commission’s review could shape the future of Europe’s space industry.
The Commission has sought feedback from customers of SES and Intelsat to assess Starlink’s competitive impact. According to Reuters, the questionnaire asks if low-earth orbit (LEO) satellite providers like Starlink and Eutelsat’s OneWeb are viable competitors for two-way satellite capacity. It also explores whether LEO suppliers are winning tenders and contracts and their potential to influence competition over the next five years. Additionally, regulators are evaluating customers’ bargaining power and ability to switch to rival suppliers.
SES operates a fleet of about 70 multi-orbit satellites for video broadcasting, government communications, and broadband internet. It aims to scale up through the acquisition of Intelsat. The move is part of a broader push in Europe to bolster home-grown satellite solutions, countering U.S. giants like SpaceX’s Starlink and Amazon’s Project Kuiper.
SES is in talks with the EU Commission and a few European governments to complement Starlink services, addressing concerns over reliance on foreign providers.
“Now the discussions are much more strategic in nature. They’re much more mid-term, long-term. And what we’re seeing is that all of the European governments are serious about increasing their defense spending. There are alternatives, not to completely replace Starlink, that’s not possible, but to augment and complement Starlink,” said SES CEO Adel Al-Saleh.
The EU Commission’s preliminary review of the SES-Intelsat deal is expected to conclude by June 10. The preliminary review will determine whether the SES-Intelsat deal is cleared outright, requires concessions, or faces a full-scale investigation if significant concerns arise. As Europe seeks to strengthen its space-based communication resilience, the outcome could redefine competitive dynamics in the satellite sector.
With Starlink’s LEO technology disrupting traditional satellite services, the Commission’s findings will signal how Europe balances innovation with strategic autonomy. SES’s efforts to scale and collaborate with governments underscore the region’s ambition to remain competitive, potentially reshaping the global satellite landscape as demand for reliable connectivity grows.
News
Tesla gets new information request from NHTSA on Robotaxi rollout
Tesla has been contacted by the NHTSA regarding plans for the Robotaxi rollout and how it will handle poor weather.

Tesla has been contacted by the National Highway Traffic Safety Administration (NHTSA) regarding its planned rollout of a Robotaxi platform in Austin, Texas.
The agency sent a letter to Tesla Field Quality Director Eddit Gates, seeking more information on exactly how the company plans to operate the fleet in poor weather conditions. The NHTSA wants to know how Tesla’s technology and operational use cases will “assess the ability of Tesla’s system to react appropriately to reduced roadway visibility conditions.”
Additionally, the NHTSA said it would like additional information on Tesla’s development of technologies for use in ‘robotaxi’ vehicles to understand how Tesla plans to evaluate its vehicles and driving automation technologies for public roads.
Tesla has already started operating a supervised version of the Robotaxi platform for employees in both Austin and San Francisco. This limited rollout has completed thousands of rides already, but differs from the version it plans to roll out in the coming weeks in Austin, as it currently has a driver sitting in the driver’s seat.
Tesla says it has launched ride-hailing Robotaxi teaser to employees only
They are there to supervise the vehicle and ensure safety early on in the program.
The letter that was sent to Tesla on May 8 is part of a greater investigation that was opened by the NHTSA on October 17, titled “FSD Collisions in Reduced Roadway Visibility Conditions.”
The agency said the purpose of the “Preliminary Evaluation of FSD” was to assess:
- The ability of FSD’s engineering controls to detect and respond appropriately to reduced roadway visibility conditions;
- Whether any other similar FSD crashes have occurred in reduced roadway visibility conditions and, if so, the contributing circumstances for those crashes; and
- Any updates or modifications from Tesla to the FSD system that may affect the performance of FSD in reduced roadway visibility conditions. In particular, this review will assess the timing, purpose, and capabilities of any such updates, as well as Tesla’s assessment of their safety impact.
Tesla is required to respond to the NHTSA’s request by June 19.
INIM-PE24031-62887 by Joey Klender on Scribd
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