Tesla has reportedly resumed deliveries of the Model S Plaid and Long Range variants just days after reports of a hold were rumored to be delaying customer deliveries of the automaker’s flagship sedan. Several days ago, numerous Model S reservation holders were told Tesla would deliver their vehicles at a later time.
After initial reports of the Model S being held at Tesla’s Fremont production facility in Northern California circulated, many customers wondered why. A video flyover of Tesla’s lot at Fremont revealed hundreds of Model S builds were sitting and simply collecting dust. Curious onlookers were questioning why these vehicles were not being delivered to customers. This question also stumped the community several months ago, when Tesla had not yet held the Model S Plaid delivery event at Fremont on June 10th.
Credit: Tesla
Citing “one more week of tweaks,” Tesla CEO Elon Musk said the vehicle just was not quite where it should have been. The additional week proved to be monumental in Tesla’s case, as customers were finally able to accept delivery of their fastest and arguably most-anticipated car to date.
However, after the Model S deliveries began, there was another holdup in deliveries just several weeks later. One owner told his story on the r/TeslaMotors subreddit and claimed that, despite his Model S being in a nearby delivery center, he could not pick up the vehicle. Another owner received a text message from a Tesla representative in Austin, Texas. This outlined the “updated inspection process” that Tesla had recently adopted, which had ended up delaying customer deliveries. It was unknown why Tesla adopted the additional inspection process for the Model S Plaid, but it was undoubtedly a non-negotiable process that would not be optional for owners.
Several sources indicate that Tesla has lifted the ban in Fremont, with reports of firmware issues being the culprit for the delayed deliveries. Teslarati contacted Tesla showrooms, and employees were unable to confirm nor deny whether the company did lift the hold, but did indicate there was a hold on the deliveries. The employees just didn’t indicate whether the hold was still active or not.
An updated post from u/MrExitStrategy, who initially talked about the nationwide delivery hold on Model S builds, said that several reservation holders reported that the hold has been lifted and that customers are being told they can pick their vehicles up.
The Redditor wrote:
“Looks like several people have now reported that the hold has been LIFTED! And that we all should get our cars in the next couple of days!!! Someone mentioned it was a firmware update and that they needed to validate the cars. This Model S buying experience has been surreal, after 4+ months of constant delays and almost no communication from Tesla. I hope it will be worth it. On a positive note, I’m glad Tesla is taking the time to validate and make sure it is safe, even knowing they might get some bad press in the process; I just wish the communication was a bit better.”
Additionally, several members of the TeslaMotorsClub forum said that the Model S hold had been lifted. One said that the manager of the Washington D.C. showroom said a nationwide memo was sent out stating that the hold was over, but no additional details were given.
It appears that questions regarding the Model S hold still remain, but deliveries are resuming without much incident. Tesla may still have some minor changes to make to the Model S in the future, but these will likely be performed through routine software updates that can fix a wide multitude of issues.
Elon Musk
Music City Loop could highlight The Boring Company’s real disruption
The real story behind the tunneling startup’s Nashville tunnel project is the company’s targeted $25 million per mile construction cost.
Recent commentary on social media has highlighted what could very well prove to be The Boring Company’s real disruption.
The analysis was shared by tech watcher Aakash Gupta on social media platform X, where he argued that the real story behind the tunneling startup’s Nashville tunnel project is the company’s targeted $25 million per mile construction cost.
According to Gupta’s breakdown, Nashville’s 2018 light rail proposal was priced at roughly $200 million per mile. New York’s East Side Access project reportedly cost about $3.5 billion per mile, while Los Angeles Metro expansion projects have approached $1 billion per mile.
By comparison, The Boring Company has stated it can construct 13 miles of twin tunnels in the Music City Loop for between $240 million and $300 million total. That implies a cost near $25 million per mile, or roughly a 95% reduction from industry averages cited in the post.
Several technical departures from conventional tunneling allow the Boring Company to lower its costs, from its smaller 12-foot diameter tunnels to its fully electric Prufrock machines that are designed to mine continuously with no personnel inside the tunnel and their capability to “porpoise” for easy launch and retrieval.
Tesla and Space CEO Elon Musk responded to the post on X, stating simply that “Tunnels are so underrated.”
The Boring Company has seen some momentum as of late, with the company recently signing a construction contract in Dubai and the Universal Orlando Loop progressing. Recent reports have also pointed to tunnels potentially being constructed to solve traffic congestion issues near the Giga Nevada area.
While The Boring Company’s tunnels have so far been used for Loop systems publicly for now, Elon Musk recently noted that the tunneling startup’s underground passages would not be limited only to ride-hailing vehicles.
In a reply to a post on X which discussed the specifications of the Music City Loop, Musk clarified that “any fully autonomous electric cars can use the tunnels.” This suggests that vehicles potentially running systems like FSD Supervised, even if they are not Teslas, could be used in systems like the Music City Loop in the future.
Elon Musk
SpaceX IPO could push Elon Musk’s net worth past $1 trillion: Polymarket
The estimates were shared by the official Polymarket Money account on social media platform X.
Recent projections have outlined how a potential $1.75 trillion SpaceX IPO could generate historic returns for early investors. The projections suggest the offering would not only become the largest IPO in history but could also result in unprecedented windfalls for some of the company’s key investors.
The estimates were shared by the official Polymarket Money account on social media platform X.
As noted in a Polymarket Money analysis, Elon Musk invested $100 million into SpaceX in 2002 and currently owns approximately 42% of the company. At a $1.75 trillion valuation following SpaceX’s potential $1.75 trillion IPO, that stake would be worth roughly $735 billion.
Such a figure would dramatically expand Musk’s net worth. When combined with his holdings in Tesla Inc. and other ventures, a public debut at that level could position him as the world’s first trillionaire, depending on market conditions at the time of listing.
The Bloomberg Billionaires Index currently lists Elon Musk with a net worth of $666 billion, though a notable portion of this is tied to his TSLA stock. Tesla currently holds a market cap of $1.51 trillion, and Elon Musk’s currently holds about 13% to 15% of the company’s outstanding common stock.
Founders Fund, co-founded by Peter Thiel, invested $20 million in SpaceX in 2008. Polymarket Money estimates the firm owns between 1.5% and 3% of the private space company. At a $1.75 trillion valuation, that range would translate to approximately $26.25 billion to $52.5 billion in value.
That return would represent one of the most significant venture capital outcomes in modern Silicon Valley history, with a growth of 131,150% to 262,400%.
Alphabet Inc., Google’s parent company, invested $900 million into SpaceX in 2015 and is estimated to hold between 6% and 7% of the private space firm. At the projected IPO valuation, that stake could be worth between $105 billion and $122.5 billion. That’s a growth of 11,566% to 14,455%.
Other major backers highlighted in the post include Fidelity Investments, Baillie Gifford, Valor Equity Partners, Bank of America, and Andreessen Horowitz, each potentially sitting on multibillion-dollar gains.
News
Tesla expands global FSD (Supervised) testing with Abu Dhabi trials
The program marks the emirate’s first formal testing framework for Tesla’s supervised autonomous driving technology.
Tesla has started its first Full Self-Driving (Supervised) road trials in Abu Dhabi under the oversight of the Integrated Transport Centre, also known as Abu Dhabi Mobility.
The program marks the emirate’s first formal testing framework for Tesla’s supervised autonomous driving technology.
FSD (Supervised) road trials are being conducted with the support of the Smart and Autonomous Systems Council and in coordination with the Legislation Lab at the General Secretariat of the UAE Cabinet.
Dr. Abdulla Hamad AlGhfeli, Acting Director General of the Integrated Transport Centre (Abu Dhabi Mobility), highlighted the agency’s regulatory role in overseeing the FSD (Supervised) tests in a press release.
“The supervision of the Integrated Transport Centre (Abu Dhabi Mobility) over the commencement of Tesla’s advanced autonomous driving technology tests reflects its regulatory and legislative role. These tests represent a qualitative step to evaluate the technology’s performance in a real-world operating environment and to collect the necessary data to verify its readiness before any future expansion in usage.
“Through this organized framework, and in cooperation with strategic partners, we seek to achieve a balance between supporting innovation and encouraging the adoption of smart solutions on one hand and ensuring the safety of road users on the other, in line with the emirate’s direction to develop an advanced, safe, and sustainable transport system,” he said.
Tesla is putting a lot of effort into expanding the rollout of FSD (Supervised) to territories outside in the United States. During a recent interview with Giga Berlin plant manager Andre Thierig, Musk stated that Tesla is looking to secure approval for FSD (Supervised) in the Netherlands this coming March.
“Tesla has the most advanced real-world AI, and hopefully, it will be approved soon in Europe. We’re told by the authorities that March 20th, it’ll be approved in the Netherlands,’ what I was told. Hopefully, that date remains the same. But I think people in Europe are going to be pretty blown away by how good the Tesla car AI is in being able to drive,” Musk stated.
Music City Loop could highlight The Boring Company’s real disruption
SpaceX IPO could push Elon Musk’s net worth past $1 trillion: Polymarket
