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
Tesla reports Q3 Earnings today: here’s what to expect
Tesla (NASDAQ: TSLA) reports its earnings for Q3 today. Here’s what to expect, as the company will reveal its balance sheet after the market closes on Wednesday.
Tesla already reported deliveries just after Q3 ended, and it demolished Wall Street consensus estimates of roughly 462,000 vehicles. Tesla delivered 486,532 cars in the third quarter, which was a big beat, but was down 2.1 percent from the same quarter last year. Energy storage deployments were 13.7 GWh, up year-over-year.
Tesla showrooms picked clean ahead of Q3 end as demand looks strong
For the quarter, analysts have already compiled their predictions for what Tesla will report this afternoon:
- Total Revenues: $28.34B
- Non-GAAP EPS: $0.43
- Operating Margin: 2.5%
- Operating Income: $721M
- Free Cash Flow: ~-$4.51B
Here are a few things we are looking forward to hearing about on the call:
Automotive Gross Margin and Overall Profitability
This was 16.3 percent in Q2, down from 19.2 percent in Q1, and was impacted by warranty charges and some fading regulatory credits. Consensus implies overall gross margin near 18 percent, but a miss here would potentially reinforce concerns about pricing pressure on its vehicles.
Pay attention to energy storage margins as well, especially since Tesla missed GWh expectations, although it was still a strong quarter.
Robotaxi/Cybercab, Unsupervised FSD, and Optimus Progress
The Say questions from retail investors usually focus on these types of projects, and this quarter is no different. Scaling the Cybercab fleet beyond Austin amid the open NHTSA safety review, timeline for Unsupervised FSD in customer cars, Robotaxi unit economics, and Optimus cost per unit plus when it could start generating revenue, are all things to be looking for.
Any concrete timelines or regulatory path details will likely move the stock more than the near-term numbers. SpaceX merger speculation, which was detailed during SpaceX’s earnings call last night, may also surface, although the key details were shared last night.
Elon Musk just confirmed the Tesla and SpaceX merger step everyone was waiting for
Say Investor Questions
- How does the Cybercab fleet scale past Austin, and what’s the regulatory path outside Texas given NHTSA’s open safety review?
- When can we anticipate FSD unsupervised in customer cars?
- When will the CyberCab be available for customer purchase/ownership?
- What’s the unit economics per paid robotaxi mile, and how does it compare to the thirty-cent target?
- Tesla has acknowledged that HW3 vehicles cannot support unsupervised FSD. When will owners know whether they can upgrade their hardware for free, and when will Tesla provide a clear plan?
The full Earnings Call will be streamed this evening after market close around 5 p.m. this evening.
News
SpaceX confirms Starship 15 launch window with massive ambitions
SpaceX confirmed the date of Starship’s 15th launch window with some massive ambitions for the mission, as it will attempt to catch Ship for the first time.
CEO Elon Musk confirmed during SpaceX’s Earnings Call last night on October 20 that it would launch Starship for its 15th test flight in November, and there are some incredible things the company wants to try, making it perhaps the most groundbreaking launch in the program’s history.
SpaceX delivers blockbuster Q3 results as Super Intelligence segment booms
The most major development of the call was SpaceX’s intention to catch Ship alongside catching the Super Heavy Booster, something that has happened in the past. SpaceX showed an animation of the Ship catch, which will be done on the launch tower’s chopsticks:
SpaceX has released a new Starship tower catch animation for the upcoming Flight 15! https://t.co/kStn01Da8u
— Truthful🛰️ (@Truthful_ast) October 20, 2026
This monumental goal is to catch both the Ship and Booster in a dual-catch scenario, an incredible feat since SpaceX has never been able to reuse a Ship after launch. Musk said it would be “the first time that an orbital launch vehicle has been fully recovered,” and said it would be a “profound technology milestone.”
Musk said the odds of success on this first Ship catch attempt are “more likely than not,” but SpaceX is ultimately prepared for more tries moving forward. The SpaceX frontman said that, starting next year, Starship would have a “steady stream” of flights through the end of the year.
The cadence will accelerate in 2027, with Musk stating the company plans to target weekly flights in the first half of 2027 and twice-weekly by year-end.
The Flight 15 attempt follows that of Flight 14, which took off in late September and was Starship’s first orbital mission. It deployed 26 Starlink V3 satellites, accomplished a controlled ocean splashdown of both stages, and shed more light on potential challenges for the program moving forward.
As of now, the Starship program is firing on all cylinders.
Interested in ordering a Tesla? Use my referral code for three free months of Full Self-Driving (Supervised) here.
Investor's Corner
SpaceX stock gets a slew of price target boosts after bullish earnings call
Wall Street analysts rapidly raised price targets on SpaceX (NASDAQ: SPCX) after the company reported a bullish third quarter for 2026 following the market close on October 20. Shares were sent sharply higher in after-hours and premarket trading.
SpaceX posted revenue of $14.6 billion, a 161 percent year-over-year increase that comfortably topped consensus estimates, which fell near $12.7 billion. The company also posted a net profit of $4.4 billion from a prior-year loss, with adjusted EBITDA reaching $8.8 billion.
More price target movement:
🚀 Cantor Fitzgerald lifted its target to $345 from $246 (Overweight).
🚀 Barclays raised its target to $300 from $254 (Overweight).
🚀 Citi increased its target to $240 from $200 (Buy),
🚀 UBS moved to $230 from $210 (Buy)
🚀TD Cowen raised its target to $224 from $200 (Buy).
🚀Morgan Stanley held an Overweight rating with a $300 target.
🚀Other firms also adjusted higher, including Wells Fargo (to $274 from $214) and Clear Street (to $248 from $217). Analysts broadly cited the strong quarterly print, accelerating AI compute expansion, Starlink progress, and Starship milestones as drivers of higher long-term growth and earnings power.— TESLARATI (@Teslarati) October 21, 2026
Its Super Intelligence (AI) division generated roughly $7.6 billion and became the largest revenue contributor, growing nearly 830 percent year-over-year, while the Connectivity segment delivered $5.2 billion on strong subscriber additions that lifted the consumer base to 13.6 million for Starlink.
The Earnings Call proved especially catalytic, as CEO Elon Musk and CFO Bret Johnsen outlined Q1 2027 revenue guidance of $33 billion to $37 billion, which was far above the roughly $22 billion analysts had modeled, alongside fourth-quarter capital-expenditure plans of $35 billion to $40 billion focused on AI compute infrastructure at sites including Memphis and Southaven.
SpaceX delivers blockbuster Q3 results as Super Intelligence segment booms
Management targets 2.5 to 3 gigawatts of nameplate compute capacity by year-end and discussed pathways to 13 gigawatts or more by the end of 2027. Musk described relentless demand from hyperscalers and other customers, with compute pricing supporting payback periods of less than a year and potentially as short as six months.
Additional highlights included Starship’s recent orbital success and V3 satellite deployment, Starlink pricing and enterprise momentum, rapid Grok Bot adoption, spectrum expansion plans, and the formation of special committees to explore a possible combination with Tesla.
These elements prompted a wave of price-target increases:
- JPMorgan more than doubled its target to $500 from $240 while maintaining an Overweight rating.
- Cantor Fitzgerald lifted its target to $345 from $246 (Overweight).
- Barclays raised its target to $300 from $254 (Overweight).
- Citi increased its target to $240 from $200 (Buy),
- UBS moved to $230 from $210 (Buy), and
- TD Cowen raised its target to $224 from $200 (Buy).
- Morgan Stanley held an Overweight rating with a $300 target.
- Other firms also adjusted higher, including Wells Fargo (to $274 from $214) and Clear Street (to $248 from $217). Analysts broadly cited the strong quarterly print, accelerating AI compute expansion, Starlink progress, and Starship milestones as drivers of higher long-term growth and earnings power.
Shares, which closed at $147.79 on October 20, jumped roughly 8 percent in early premarket trading on October 21 as investors digested the results and the newly elevated Street targets.
The average analyst price target has moved higher, which reflects greater conviction in SpaceX’s trajectory across launch, connectivity, and the Super Intelligence business, even as elevated spending remains a point of focus.