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Tesla Model S Plaid hits Laguna Seca with giant rear wing in run-up to first deliveries
Tesla is preparing for Model S Plaid deliveries as it is beginning the final testing phases of the Tri-Motor, all-electric performance sedan that has been in development for several years.
After rumors surfaced of a record-setting Model S Plaid at the Auto Club Famoso Raceway, The Kilowatts ventured to Laguna Seca Raceway, where Tesla was also spotted testing several Model S variants. Upon the sighting of two Model S vehicles at the track, one red and one black, it became apparent that Tesla was testing the two cars ahead of initial deliveries.
BREAKING: Tesla is CURRENTLY attempting lap records in a couple of Model S Plaid (possibly a Plaid+) prototypes at Laguna Seca Raceway!
They just secured a 1:30:XX (unconfirmed time)
This is a developing story – more photos and videos to follow. pic.twitter.com/BqxPdK4k43— The Kilowatts 🚗⚡️ (@klwtts) May 14, 2021
In fact, one Model S appeared to have a retractable, adjustable spoiler, a device that seemed to be similar to the spoiler on early Model X builds. On early Model X vehicles, Tesla included a retractable, electric, active spoiler that the driver could control from the vehicle’s cockpit. Tesla eventually did away with this in 2017 and chose to go with a stationary spoiler instead.
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- Tesla Model S Plaid track testing at Laguna Seca Raceway (May 14 2021, Credit: The Kilowatts)
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- Tesla Model S Plaid rear wing spotted track testing at Laguna Seca Raceway (May 14 2021, Credit: The Kilowatts)
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- Tesla Model S Plaid track testing at Laguna Seca Raceway (May 14 2021, Credit: The Kilowatts)
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- Tesla Model S Plaid track testing at Laguna Seca Raceway (May 14 2021, Credit: The Kilowatts)
Credit: The Kilowatts
Interestingly, Tesla did utilize a spoiler on the Model S Plaid before. It occurred in late 2019 when the Model S Plaid hit the Nürburgring in Germany. While the variant of the Plaid Powertrain-fitted Model S was sporting a rear-spoiler in that instance, CEO Elon Musk confirmed to Teslarati that it would not be permanent and it was only going to be placed on the car temporarily for “rear downforce calibration.” Musk confirmed that the wing would not be utilized or crucial to impeccable performance, and it also wouldn’t be included in the production version of the vehicle.
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The big rear wing is only on for one day for rear downforce calibration. Isn’t needed to set ring record & won’t be in the production car.
— Elon Musk (@elonmusk) October 23, 2019
The Model S Plaid is no stranger to the Laguna Seca course, either. In September 2019, Tesla also set the Laguna Seca record for the fastest four-door vehicle ever with the Model S Plaid. With a record of 1:36.555, the Model S Plaid dethroned its sibling Model 3 Performance with a time of 1:37.5 and the all-time record set by a Jaguar XE SV Project 8 with a time of 1:37.54.
Deliveries of the new Model S vehicle builds could occur in the coming weeks. After a message to a Model S Plaid reservation holders indicated that an update to the anticipated delivery timelines should be coming within the next week. “Due to high volume of Model S orders Tesla has at this time, we currently don’t have an estimated delivery date for you but that should change within the next week, as soon as there is an estimated delivery date provided internally for you order, I will reach out ASAP,” the message said.
Tesla originally slated initial deliveries of the Plaid Model S for February, but Musk also told Teslarati that the car was still undergoing minor refinements and that there’s “nothing else even close.” It appears that what was running at Laguna Seca could definitely be the Plaid Model S variant that will make its way to customers very soon.
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In a new note to investors on Tuesday, Morgan Stanley analyst Andrew Percoco said that Tesla has one big financial question to answer for investors regarding its Robotaxi rollout, Full Self-Driving software, and Optimus.
Percoco said in the note that, for the most part, investors are still very positive about the direction the company is headed. However, there are some things the firm would like to see, and they have to do with financials.
Tesla (TSLA) Q2 2026 earnings results: miss on EPS, beat on revenue
Tesla bulls are more than convinced that the company’s Full Self-Driving software is proof it can develop physical AI. Financially, however, there are still some questions, especially on elevated spending, which CEO Elon Musk said would occur as the company works to roll out Robotaxi faster and continue developing its Optimus robot.
The latter two are where Tesla will have to prove progress to investors, as Percoco writes that both projects “will require clearer evidence that Robotaxi is scaling and more tangible Optimus proof points to support the ROI on elevated capex.”
Percoco said the second quarter earnings call did not change his long-term thesis of where Tesla is positioned in the AI race, which is out in front. However, there are concerns that weaker gross margins and higher R&D spend will stress financials, and that has “sharpened our (and investors’) focus on measurable progress across Robotaxi and Optimus.”
Additionally, Robotaxi still needs to be proven with more operation in existing cities while maintaining safety but improving how many rides it gives in any given time, he said. For Optimus, Percoco wrote that he is “still looking for evidence beyond commentary around SOP.”
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Morgan Stanley put Percoco in charge of covering Tesla after long-time analyst Adam Jonas transitioned to the automotive side.
Currently, Morgan Stanley has a $415 price target on Tesla and a ‘Hold’ rating on the stock. It is trading at around $330 at the time of publication, which was 2:30 P.M. on the East Coast.
SpaceX’s massive investment in AI will make it a big winner, Argus Research said after the company’s successful earnings call last week.
The firm also upgraded shares to a Buy from Hold and set a $160 price target.
SpaceX (NASDAQ: SPCX) is currently recovering from its heavy AI infrastructure investments, as it spent nearly $16 billion in Q2 alone. The company did this primarily by monetizing high-demand GPU compute capacity at a much faster pace than traditional data center economics would suggest.
Company CFO Bret Johnsen said that SpaceX would be able to pay back anything on new deployments within a year.
There are plenty of ways the company can do this:
Leasing excess compute capacity through contracts
SpaceX has already built Colossus and Colossus II, largely for its own model training. However, much of that capacity is already rented out to third parties. It already has major deals with Anthropic, Google, and Reflection AI. These partnerships are adding billions per month to SpaceX’s spreadsheet.
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High utilization driven by industry-wide scarcity
The demand for advanced AI training and inference capacity continues to exceed what is available for use. SpaceX can fill new racks quickly after they come online, so the capital deployed converts into revenue with minimal idle time.
Additionally, management and outside observers have described the new compute capital as behaving more like a cost-of-goods-sold than traditional multi-year capex, especially because of this rapid monetization pattern.
Capacity has already scaled from ~0.4 GW a year to 1.4 GW annually by the end of Q2. There are targets of more than 2 GW by year-end.
High incremental margins on the rental business once capacity is online
GPU cloud providers often operate at strong gross margins. SpaceX can monetize capacity that was already partially built or can be added efficiently. This means that incremental EBITDA margins on the rental revenue are usually high. This accelerates cash recovery relative to the gross capital outlay.
Parallel monetization of its own AI software and applications
Beyond pure infrastructure rental, SpaceX also generates revenue from Grok through subscriptions and usage, from X through ads, data, and other related services, enterprise APIs, and the planned integration of the Cursor coding tools acquisition.
These application layers ride on the same compute infrastructure and provide additional high-margin streams that could offset build-out costs. AI-segment revenue overall rose sharply to about $2.6 billion in Q2, according to Motley Fool. This was driven primarily by the infrastructure contracts, but the software side is also partially responsible.
Efficient, large-scale deployment and vertical integration advantages
SpaceX has emphasized the rapid construction of power and cooling infrastructure and favorable cost-per-megawatt economics relative to industry benchmarks in some disclosures.
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Combined with its ability to scale capacity aggressively and the fact that many contracts start generating revenue within months of capacity coming online, the effective payback compresses dramatically compared with more conventional multi-year data-center projects.
SpaceX’s dominant near-term recovery path will turn the AI clusters into a hyperscale-style compute rental business for other leading AI companies while still using a portion for internal models.
Tesla headlights have caused a recall of over 20,000 of the company’s two most popular vehicles, the Model 3 and Model Y, due to the low-beam bulb exceeding the maximum allowed intensity according to federal standards.
Tesla initiated the recall with the National Highway Traffic Safety Administration (NHTSA) this morning, stating that the low-beam output “exceeds the maximum allowed intensity in the outer upper-right and outer upper-left areas of the 10U and 90U zone, as prescribed in FMVSS No. 108.”
Tesla sourced the impacted headlights from Marelli Automotive Lighting, a Mexico-based company. The recall impacts 2020-2023 Model Y vehicles and 2017-2023 Model 3 vehicles. It is estimated that every VIN in this recall is impacted by the defect.
🚨 Tesla is recalling 20,349 2020-23 Model Y vehicles and 2017-23 Model 3 vehicles due to an excessively bright headlamp low beam.
Currently, there is no remedy plan in place, as it is still being developed. pic.twitter.com/y34cIO2U0B
— TESLARATI (@Teslarati) August 11, 2026
Typically, Tesla would remedy recalls of this nature through an Over-the-Air software update, which has been a major focus of criticism by the company and its supporters because the NHTSA still refers to it as a “recall,” even though it requires no action by the vehicle owner. The fix is shipped over the internet and downloaded to the car.
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However, there appears to be a potentially different solution for this problem. Tesla has not developed a remedy for this issue, so it could potentially be on the way. The big issue appears to be the fact that these recalled lamps are out of production, and this is an old body style for both vehicles. The headlights and front-end designs are completely different.
Tesla switched to another supplier when the affected headlight design was discontinued. It plans to begin notifying owners of their remedy options by September 15.
Tesla filed a petition protesting the recall to fix the vehicles’ headlight issue, but the NHTSA denied it. Now, Tesla will come up with a solution to fix it.
Tesla has one big financial question to answer for investors: Morgan Stanley
SpaceX AI investment gamble will make it a big winner, firm says
