News
Tesla Model S Charging Costs in Australia
Tesla Motors seen as a key sponsor of Web Directions in Sydney, Australia.
More than 2 years after the it first went on sale in the US the Model S arrived in Australia in late December 2014. As an early owner of the Model S the car generates a lot of interest from friends, neighbours and the general public when you’re out and about. One of the most common questions is how much does it cost to run. We need a new language to describe this as litre’s per 100km doesn’t work and a “full tank” in a Model S is less than a normal tank in a modern petrol car. The answer I find people find easiest to understand is $11 for a full charge which lasts for around 500kms.
Compared to a petrol car this is great, current models will give you 500 – 1000kms from a tank but you’ll spend $50 to $100 to fill them up (at the current, and relatively cheap fuel prices).
Victorian Government’s initiative called for an expansive roll out of digital smart meters across residential and small businesses. Source: Energy Australia
To understand where the $11 comes from let’s dig into electricity pricing in Australia a little more. Historically homes have been configured with analog meters. All the power we use is charged at a flat rate day and night. Optionally an off peak circuit was often installed which was only connected to the hot water service. Available into two variants supply is remotely controlled by the electricity company for circa 6 or 12 hours per day.
More recently smart meters are being installed on new dwellings and with consumers that have added solar photovoltaics to their home. In certain states such as Victoria blanket rollouts of smart meters have been known to occur. Once installed electricity is charged on tariffs that vary across different times of the day for weekdays and weekends. Tariffs vary across networks but generally consist of a peak morning or late afternoon & evening period, shoulder during the remaining waking hours on weekdays and across the weekend and off peak for overnight.
Charging Costs and Meter Options in Australia
For both analog and smart meters the difference in tariffs between their maximum and minimum are material. From a low of circa $0.10/kWh on off peak to a high of $0.50/kWh in peak periods.
RELATED: EV Basics: What’s a killowat hour?
Analog Meter
- If you’re on an analog meter you can wire your charger to a standard circuit and charge at any time, or choose one of the two controlled load circuits to get cheaper power but with less control. Note that you can’t mix standard and controlled circuits so you’ll have to choose one or the other. Having the electric company control when to supply your electricity may not work for you if you plan on taking consistent high length trips in your Model S each day. Especially since you’ll likely require a nightly charge with a guarantee of no interruption.
Smart Meter
- If you’re on a smart meter, find out what time your off peak starts, configure your Tesla Model S to start charging at this time, plug in every night and you’ll almost certainly be charging on the cheapest power all the time. The off peak periods are long enough to get a full charge on a standard 32 Amp charger for all but the most depleted of batteries. On the rare occasion that you can’t complete your charge during the off peak period you’ll simply push the small remaining part into a shoulder or peak tariff.
A smart meter provides much greater flexibility, but the real cost of changing from an analog needs to take into consideration your whole home.
The average Australian home uses around 20kWh of electricity per day or and the average vehicle travels 270kms per week. In Model S terms this equates to 140 kWh per week on your home and 55-65 kWh per week to charge the car.
Obviously these figures vary enormously depending on your personal home and driving habits but car charging is likely to remain the smaller part.
What about charging from solar? Everyone that has solar has a smart meter and hence the ability to control the price they pay for the electricity which is used for charging their car. Households that installed solar early are on feed-in tariffs which pay them for all or just the excess power that they produce. In the majority of cases these rates are much higher than the cheapest power available over night. Those that aren’t on solar power are mostly being paid feed in tariffs which are only marginally lower than the price they pay for power over night.
ALSO SEE: One Telsa owner’s journey with installing photovoltaic cells through SolarCity
Most users will be better off using their solar in their home or selling it then buying cheap power overnight to charge their car. There are certainly users for whom it would be cheaper to charge from the power generated through their solar system, but the cost and complexity of making it work is unlikely to stack up. Some form of power router is needed that can take into account usage by other appliances in your home, the tariffs, the amount of charge your car needs each day and the potentially intermittent supply of sun on any given day.
LEARN MORE: How to reduce your electricity usage at home in Australia?
Elon Musk
Elon Musk calls out $2 trillion SpaceX IPO valuation as ‘BS’
In a swift rebuke on X, Elon Musk dismissed reports claiming SpaceX had confidentially filed for an initial public offering targeting a valuation above $2 trillion, labeling the information as unreliable.
Elon Musk is quick to call out any false information regarding him or his companies on his social media platform, known as X.
A recent report that claimed SpaceX was aiming to go public with an IPO in the coming weeks at a massive valuation of $2 trillion was called out by Musk, who referred to it as “BS.”
In a swift rebuke on X, Elon Musk dismissed reports claiming SpaceX had confidentially filed for an initial public offering targeting a valuation above $2 trillion, labeling the information as unreliable.
The exchange highlights ongoing media speculation about the rocket company’s future and Musk’s frustration with what he views as inaccurate financial reporting. The report came from Bloomberg.
Don’t believe everything you read.
Bloomberg publishes bs.
— Elon Musk (@elonmusk) April 3, 2026
The controversy erupted on April 2, 2026, when influencer Mario Nawfal amplified claims from Bloomberg.
The outlet posted that SpaceX had boosted its IPO target valuation above $2 trillion, describing it as potentially one of the largest public offerings in history. Musk challenged the story.
It echoes past instances where Musk has corrected valuation rumors about his companies, emphasizing that speculation often outpaces reality.
Background context adds nuance.
Earlier reports indicated SpaceX had filed confidential IPO paperwork with the U.S. Securities and Exchange Commission, potentially positioning it for a record-breaking debut that could eclipse Saudi Aramco’s 2019 listing.
Initial estimates pegged a possible valuation north of $1.75 trillion, building on a post-merger figure around $1.25 trillion after SpaceX absorbed xAI. A subsequent Bloomberg update claimed advisers were floating figures above $2 trillion to investors, with the offering potentially raising up to $75 billion.
SpaceX remains a private powerhouse. Its achievements include thousands of Starlink satellites providing global broadband, routine Falcon 9 rocket reusability, and a mission to slash launch costs, along with ambitions for Starship to enable Mars colonization.
The company also benefits from government contracts with NASA and the Department of Defense. A public listing could democratize access for retail investors while subjecting SpaceX to greater scrutiny and quarterly reporting pressures.
Critics of the reports point to the confidential nature of filings, which limits verifiable details. Musk has previously downplayed inflated valuations, once calling an $800 billion figure for SpaceX “too high.”
Supporters argue that hype around mega-IPOs, especially amid the ongoing AI fervor, fuels premature narratives that distract from core technical milestones, such as full Starship reusability and Starlink constellation expansion.
The incident reflects broader tensions in tech finance. Anonymous sourcing in valuation stories can drive market chatter and betting activity, yet it risks misinformation.
Bloomberg defended its reporting through multiple articles citing “people familiar with the matter,” but Musk’s blunt dismissal resonated widely on X, with users piling on to question media reliability.
Whether SpaceX ultimately goes public remains uncertain. Musk has teased an IPO tied to Starlink maturity, but priorities center on engineering breakthroughs over Wall Street timelines. For now, the $2 trillion figure joins a list of rumored milestones that Musk insists should be taken with skepticism.
Elon Musk
Elon Musk reveals date of SpaceX Starship v3’s maiden voyage
The announcement arrives after Flight 11 on October 13 of last year, which concluded a busy 2025 testing campaign. Since then, SpaceX has focused on ground testing, including cryoproofing of Ship 39 and preparations for Booster 19, the first V3 Super Heavy.
SpaceX CEO Elon Musk has revealed the timeline for the next Starship launch. It will be the first launch using SpaceX’s revamped design for Starship, as its v3 rocket will take its maiden voyage sooner than many might expect.
Musk announced on April 3 on X that the next Starship flight test, and the first flight of the upgraded v3 ship and booster, is 4 to 6 weeks away. The update signals the end of a nearly six-month hiatus since the program’s last launch.
Elon says the first V3 Starship launch will occur in 4-6 weeks
It will be the first Starship launch since Flight 11 on October 13, 2025 https://t.co/QnnYPTdbUu
— TESLARATI (@Teslarati) April 3, 2026
The upcoming mission, designated as Starship’s 12 integrated flight test (IFT-12), marks a significant milestone. It will be the debut of the v3 configuration, featuring a taller Super Heavy Booster and Starship upper stage. The changes SpaceX has made with the v3 rocket and booster are an increased propellant capacity and the more powerful Raptor 3 engines.
Earlier predictions from Musk in March had pointed to an April timeframe, but the latest timeline now targets a launch window in early to mid-May 2026.
The V3 iteration represents a substantial evolution from previous Starship prototypes. Engineers have optimized the design for improved manufacturability, higher thrust, and greater efficiency. Raptor 3 engines deliver significantly more power while reducing weight and production costs compared to earlier variants.
With these enhancements, SpaceX aims to boost payload capacity toward 200 metric tons to low Earth orbit in a fully reusable configuration — a dramatic leap from the roughly 35-ton target of prior versions. Such capabilities are critical for ambitious goals, including NASA’s Artemis lunar missions and eventual crewed flights to Mars.
The announcement arrives after Flight 11 on October 13 of last year, which concluded a busy 2025 testing campaign. Since then, SpaceX has focused on ground testing, including cryoproofing of Ship 39 and preparations for Booster 19, the first V3 Super Heavy.
Recent activities have involved static fires, activation of the new Pad 2 at Starbase in Boca Chica, Texas, and integration of Raptor 3 engines.
A prior incident with an early V3 booster on the test stand in late 2025 contributed to the delay, necessitating additional assembly and qualification work.
Musk’s timeline updates have become a hallmark of the Starship program, often described with characteristic optimism.
SpaceX’s Starship V3 is almost ready and it will change space travel forever
While past targets have occasionally shifted by weeks, the rapid iteration pace remains impressive. However, don’t be surprised if this timeline shifts again, as Musk has been overly optimistic in the past with not only launches, but products under his other companies, too.
SpaceX continues to refine launch infrastructure, including new propellant loading systems and tower mechanisms designed to support higher cadence operations. A successful V3 flight could pave the way for more frequent tests, tower catches of both booster and ship, and progression toward operational reusability.
The v3 debut is viewed as a transition point for Starship, moving beyond experimental flights toward a system capable of supporting large-scale deployment of Starlink satellites, lunar landers, and interplanetary transport.
Success on IFT-12 would demonstrate not only the new hardware’s performance but also SpaceX’s ability to recover from setbacks and maintain momentum.
As the 4-to-6-week countdown begins, anticipation builds at Starbase. Teams are finalizing vehicle stacking, conducting final pre-flight checks, and preparing for regulatory approvals. The world will be watching to see if Starship V3 can deliver on its promise of transforming humanity’s access to space.
Elon Musk
SpaceX to launch military missile tracking satellites through new Space Force contract
SpaceX wins a $178.5M Space Force contract to launch missile tracking satellites starting in 2027.
The U.S. Space Force awarded SpaceX a $178.5 million task order on April 1, 2026 to launch missile tracking satellites for the Space Development Agency. The contract, designated SDA-4, covers two Falcon 9 launches beginning in Q3 2027, one from Cape Canaveral Space Force Station in Florida and one from Vandenberg Space Force Base in California. The satellites, built by Sierra Space, are designed to bolster the nation’s ability to detect and track missile threats from orbit.
The award falls under the National Security Space Launch Phase 3 Lane 1 program, which Space Force uses to move payloads to orbit on faster timelines and at more competitive prices. “Our Lane 1 contract affords us the flexibility to deliver satellites for our customers, like SDA, more easily and faster than ever before to all the orbits our satellites need to reach,” said Col. Matt Flahive, SSC’s system program director for Launch Acquisition, in the official press release.
SpaceX is quietly becoming the U.S. Military’s only reliable rocket
The SDA-4 contract is the latest in a long string of national security wins for SpaceX. As Teslarati reported last month, the Space Force recently shifted a GPS III satellite launch from ULA’s Vulcan rocket to SpaceX’s Falcon 9 after a significant Vulcan booster anomaly grounded ULA’s military missions indefinitely. That move made it four consecutive GPS III satellites transferred to SpaceX after contracts were originally awarded to its competitor.
This didn’t come without a fight and dates back years. SpaceX originally had to sue the Air Force in 2014 for the right to compete for national security launches, at a time when United Launch Alliance held a near monopoly on the market. Since then, the company has steadily displaced ULA as the dominant provider, and last year the Space Force confirmed SpaceX would handle approximately 60 percent of all Phase 3 launches through 2032, worth close to $6 billion.
With missile defense satellites now part of its launch manifest alongside GPS, communications, and reconnaissance payloads, SpaceX is giving hungry investors something to chew on before its imminent IPO.
Elon Musk calls out $2 trillion SpaceX IPO valuation as ‘BS’
Elon Musk reveals date of SpaceX Starship v3’s maiden voyage
