News
Tesla Model S police cruiser not to blame for mishap, says Fremont PD
The Fremont Police Department released a statement on Thursday evening clarifying reports that its Tesla Model S cruiser ran out of battery during a high-speed pursuit on Interstate 680.
On Monday, the Tesla Model S gained national attention as a journalist contacted the department requesting information regarding a high-speed chase from the Irvington District of Fremont, California to Washington Boulevard. The chase eventually ended up on Interstate 680, heading south toward San Jose, CA. The journalist released a portion of the police scanner recordings from the chase, where the officer driving the Model S told other units in the pursuit that he would have to abandon due to his battery running low.
However, the suspect then drove onto the shoulder of the interstate, passing a vehicle in an increasingly unsafe manner. The Sargeant of the Fremont PD then made the decision to halt the pursuit of the vehicle as it was becoming more of a public safety risk. All three police units disengaged the vehicle, and the chase was stopped after about 10 miles.
When the Sargeant made the announcement to stop pursuing the vehicle, the Tesla Police Cruiser was at a nearby charging station. The statement from the Fremont PD stated, “at no time did the battery of the Tesla become a factor in our ability to pursue the suspect or perform our duties. This situation, while embarrassing, is no different from cases where a patrol car runs low (or even dry) of fuel.”
Fremont’s statement noted that the journalist who released the initial story contacted the department with questions and subsequently published the article. It reached the national spotlight due to public interest. Fremont Police were sure to clarify the fact that the Tesla having to drop out of the chase could have happened to any vehicle and that they recommend each officer have at least half of a tank of gas or half a battery charge when they begin their shift. “While not policy, we recommend officers begin their shift with at least a half tank of gas or in this case, a battery charge of 50%. On this date, our officer driving the Tesla noted approximately 50% of battery life when he began his shift,” they said. The fact that the vehicle had to stop was in no way the fault of the Model S.
In fact, the department has been so pleased with their Tesla cruiser, they have already had initial talks about buying a second vehicle, most likely a Model X. “So far, the vehicle is performing extremely well, and has exceeded our expectations. We are already in initial conversations about testing a second vehicle, likely an SUV model, and we look forward to providing our initial results in the near future,” Captain Sean Washington said.
The Fremont PD stated that their Model S police cruiser has outperformed their expectations and they are extremely happy with its performance, as they have tracked the performance of the vehicle since its induction into the police force. “Over the last six months, data on range, performance, equipment, and other elements has been gathered by officers through its use as a patrol vehicle. During this time we have documented two police pursuits, where the vehicle met and exceeded expectations.”
Fremont is the location of the original Tesla Factory. The company bought the facility in 2010. Previously, it was the home of General Motors from 1962 to 1982 and eventually, Toyota also produced vehicles there. Tesla and Toyota worked conjunctively to work toward producing electric vehicles. Tesla officially opened the factory as its own on October 27, 2010.
Read the full statement from the Fremont Police Department below:
Our Department has unfortunately been in the news this week for an incident involving our electric police patrol vehicle (Tesla Model S). We first deployed the Tesla in March of this year as a fully outfitted patrol vehicle. Over the first six months, the performance feedback and initial data collection has been very positive and we are in early discussions of expanding the program. During a pursuit last Friday night, the battery charge began to run low, and we’d like the opportunity to clarify and provide additional context with regard to what occurred.
On Friday afternoon, a patrol officer checked out our Tesla patrol vehicle at the start of his shift and noticed the battery was half-charged. A typical battery at full charge ranges from 220-240 miles and during an 11 hour patrol shift, Fremont patrol officers drive approximately 70-90 miles. While not policy, we recommend officers begin their shift with at least a half tank of gas or in this case, a battery charge of 50%. On this date, our officer driving the Tesla noted approximately 50% of battery life when he began his shift. While the vehicle is routinely charged between shifts, on Friday the vehicle had just been returned from our Corporation Yard. The vehicle is regularly returning at the end of every shift with 40-60%, if not more, of the battery charge remaining.
Nine hours into the officer’s shift, at 11:05 p.m., he became involved in a vehicle pursuit that lasted a total of 8 minutes. The pursuit began in our Irvington District and traveled on Washington Blvd., before merging southbound onto I680 towards San Jose. Within minutes, two additional Fremont patrol units were behind the Tesla and in the pursuit. Additionally, the California Highway Patrol (CHP) was notified and responding. As standard protocol, once CHP has sufficient units, they take over our pursuits on the freeway.
The pursuit spanned approximately 10 miles and at times exceeded 110 mph. Regular updates regarding the speed, location, general traffic and roadway conditions were provided by the second officer in the pursuit. Just before the pursuit ended at 11:13 p.m., the officer driving the Tesla responsibly notified his cover units he was going to have to back out of the pursuit because his battery was running low. Just after they passed the Montague Expressway exit, the suspect drove on the left shoulder of the road to pass a vehicle. At that time, the Fremont Police Sergeant monitoring the pursuit gave orders to terminate to ensure public safety. All three units deactivated their emergency equipment and returned to normal driving conditions. At that point, the Tesla was driven to a nearby charging station and the additional Fremont units returned to the City. CHP located the unoccupied vehicle in the area of I680 and the Berryessa exit. At no time did the battery of the Tesla become a factor in our ability to pursue the suspect or perform our duties. This situation, while embarrassing, is no different from cases where a patrol car runs low (or even dry) of fuel.
In recent years police radio traffic has become readily accessible through phone applications and its common practice for news media and even community members to monitor and even record. On Monday, a local journalist contacted our Department requesting additional details regarding the pursuit. The journalist subsequently wrote an article and released a portion of our radio traffic. Since that time, the Department has received numerous media inquiries regarding the vehicle’s battery. Unfortunately, public interest in the original story propelled it into the national spotlight.
Over the last six months, data on range, performance, equipment, and other elements has been gathered by officers through its use as a patrol vehicle. During this time we have documented two police pursuits, where the vehicle met and exceeded expectations. Our final results and data will ultimately help us determine if the EV technology meets current patrolling applications and cost effectiveness. We remain dedicated to our continued research into the benefits of using electric vehicles and the effects they have on our environment. We hope to share our initial data and feedback soon.
Captain Sean Washington stated, “So far, the vehicle is performing extremely well, and has exceeded our expectations. We are already in initial conversations about testing a second vehicle, likely an SUV model, and we look forward to providing our initial results in the near future.”
For more information on our electric vehicle pilot program, visit www.fremontpolice.org/electricvehicle.
Investor's Corner
Google’s massive stake in SpaceX will shock you
In a striking revelation that underscores the lucrative crossover between Big Tech and space exploration, Alphabet Inc., Google’s parent company, disclosed a massive $94.1 billion equity stake in SpaceX following the rocket company’s blockbuster initial public offering earlier this year.
The disclosure came in Alphabet’s quarterly filing, marking the first time the long-held private investment has been publicly valued at market prices. Google was an early backer, investing alongside Fidelity in 2015 with roughly $500-900 million at a time when SpaceX was valued around $12 billion.
That bet has delivered extraordinary returns, roughly a hundredfold, transforming a strategic play on satellite internet and launch capabilities into one of Alphabet’s largest assets.
Google, $GOOGL, has said they hold $94 billion in SpaceX, $SPCX, shares after IPO.
— unusual_whales (@unusual_whales) July 23, 2026
Of the total holding, approximately $80 billion remains subject to short-term post-IPO lockup restrictions, preventing near-term sales. An additional $14.1 billion faces longer-term restrictions, extending into the third quarter of 2027. This structure limits immediate liquidity but protects against market volatility as SpaceX transitions into public trading.
The SpaceX position contributed significantly to gains in Alphabet’s broader investment portfolio, which also includes a major stake in AI leader Anthropic. Combined, these holdings helped drive nearly $100 billion in investment gains during the second quarter, providing a substantial boost to net income amid ongoing AI spending pressures.
Analysts view the disclosure as validation of Alphabet’s venture strategy beyond its core search and cloud businesses. The investment aligns with deeper ties, including reported multi-billion-dollar deals for AI computing capacity on SpaceX infrastructure. As SpaceX advances Starship flights, Starlink expansion, and ambitious Mars goals under Elon Musk, Google’s stake positions it to benefit from the commercialization of space.
For Alphabet, the windfall highlights how patient, forward-looking bets in transformative sectors can yield outsized rewards. While lockups temper short-term impact, the holding cements SpaceX as a cornerstone of Alphabet’s diversified portfolio in an era where aerospace, AI, and connectivity increasingly intersect. Investors will watch closely as restrictions lift and SpaceX’s public performance unfolds.
News
Tesla’s switch-up on selling Full Self-Driving has paid off big time
In early 2026, Tesla made a bold strategic pivot: it largely eliminated the option to purchase Full Self-Driving (FSD) software outright and shifted to a subscription-only model. The change, effective around mid-February, ended the one-time fee that had previously ranged as high as $15,000 and later dropped to $8,000. Instead, customers would access FSD (Supervised) for $99 per month in the U.S.
At the time, skeptics questioned whether locking customers into recurring payments would hurt adoption or alienate buyers who preferred ownership of the feature. Tesla bet that a lower barrier to entry, seamless integration at purchase, and the ability to cancel at any time would drive higher uptake.
The results from Q2 2026 speak for themselves: the decision has been a resounding success, delivering the largest quarterly growth in FSD subscriptions in the company’s history.
Tesla FSD subscriptions went up 56% in Q2 2026 to 1.48 million, an increase of 200,000 from Q1 2026.
Tesla added more FSD subscribers in Q2 than in any quarter in its history. pic.twitter.com/jTciTD2JqW
— Sawyer Merritt (@SawyerMerritt) July 22, 2026
According to Tesla’s Q2 shareholder update, active FSD subscriptions reached 1.48 million globally by the end of June 2026. That represents a 56 percent increase year-over-year and a 15.6 percent jump from the prior quarter. Tesla added roughly 200,000 new subscriptions in the period alone—the biggest single-quarter gain on record.
North America led the charge, with more than 55 percent of new vehicle deliveries including an FSD subscription at the time of purchase, a record attach rate for the region.
Tesla explicitly noted that “more customers [are] opting for subscription at the time of vehicle purchase,” crediting the model shift and prominent placement of the option in the ordering process. Subscriptions now contribute meaningfully to ancillary revenue, helping offset pressure elsewhere in the business.
The financial upside is substantial: At $99 per month, 1.48 million active subscriptions generate approximately $146.5 million in monthly recurring revenue. Over a full year, that equates to roughly $1.76 billion in annualized recurring revenue (ARR) from FSD subscriptions alone, assuming steady retention and no major pricing changes.
These figures represent pure, high-margin software revenue. Unlike vehicle sales, which carry production costs, warranty obligations, and supply-chain risks, FSD subscriptions flow largely to the bottom line once the software is developed and deployed over-the-air.
Tesla does not break out exact FSD subscription revenue in its filings (it sits within “Services and Other”), but the category grew 50 percent year-over-year in Q2, with executives highlighting subscriptions as a key driver.
The subscription model offers several structural advantages. It lowers the upfront cost of a new Tesla, potentially broadening the buyer pool and supporting vehicle demand, especially important amid fluctuating EV market conditions. It creates a predictable revenue stream that compounds as the fleet grows and more owners try (and stick with) the software.
Legacy one-time purchasers still exist, but new growth is overwhelmingly subscription-based following the February cutoff.
Early data also suggests improving retention and satisfaction, as well. Tesla has rolled out iterative FSD updates, including v14 features, and expanded availability to additional markets. Recent regulatory approvals in parts of Europe have further boosted interest, with owners in newly enabled countries eager to activate the software they had been waiting for.
FSD is still supervised; regulatory hurdles for true unsupervised autonomy persist in many regions, including the United States, and competition in advanced driver-assistance systems is intensifying. Yet the Q2 numbers validate Tesla’s bet: by removing the large upfront commitment and making FSD accessible via subscription, the company has accelerated adoption faster than many anticipated.
What began as a controversial switch-up has become a clear win. With nearly 1.5 million subscribers, record attach rates, and nearly $1.8 billion in potential annual recurring revenue already in view, Tesla’s FSD business is transitioning from a promised future to a tangible, fast-growing profit engine.
If the momentum continues, and especially if unsupervised capabilities unlock robotaxi opportunities, the subscription flywheel could become one of the most valuable assets in Tesla’s portfolio.
News
Tesla Robotaxi’s slow rollout gets explanation from Elon Musk
Tesla Robotaxi is among its biggest projects currently, but many have been quick to point out the fact that the company has definitely been slow to expand its fleet.
However, there is definitely a method to that madness. CEO Elon Musk answered several concerns during last night’s quarterly earnings call that some might have about that slow rollout of the Robotaxi suite, maintaining the company’s narrative on prioritizing safety and wanting to avoid injuries to anyone, including animals.
Musk said:
“With Robotaxi, our goals are very ambitious for Robotaxi, but we do need to be cautious about causing any accidents or causing any harm to anyone. Although there are, I think, 30,000 to 40,000 automotive deaths per year in the U.S. alone, most of those do not generate any press or maybe, you never really read about almost any of those. If we injure even one person, it’ll be worldwide headline news, and regulators will immediately clamp down on our activities.
We don’t want to injure anyone. We’re going as fast as humanly possible in scaling Robotaxi, but while trying to ensure that we do not harm anyone at all, and ideally do not even run over a pet. That’s really the constraint is we want to grow as fast as possible with Robotaxi without harm to anyone.”
Tesla has maintained an exemplary safety record with its Robotaxi suite, according to internal data. VP of AI, Ashok Elluswamy, said that the Robotaxi suite has driven more than 380,000 miles unsupervised without any incidents.
0 notable incidents across over 380,000 miles traveled by Robotaxi
— Tesla (@Tesla) July 22, 2026
Analyst Colin Langan of Bank of America also pushed Tesla executives for answers regarding the company’s decision to add cities across several states with dozens of vehicles “as opposed to hundreds.”
Elluswamy said there’s a bigger advantage to do it the way Tesla has been because it ensures that its software stack “is a very general one:”
“The reason we have been expanding across different cities instead of just doubling down on a single city, is that we want to make sure that our stack is a very general one. It is a general one. We just want to both prove to ourselves and to other folks that it is working across a lot of different cities without too much effort per city. That’s what we see internally.”
In the past, we have written about Tesla’s decision to be incredibly conservative with its Robotaxi rollout, especially with the incredibly small fleet size compared to competitors. However, there really is not a price anyone can put on safety for those utilizing the platform or pedestrians, so what Tesla is doing is justified.
A year into the Robotaxi program being active, Tesla has made major strides, but many investors and fans would like to see the fleet expand as quickly as the program has to other cities and states.