News
Tesla Model S P100DL racing series Electric GT hits another delay
Back in April, the Electric Production Car Series, better known as Electric GT, revealed an eight-round calendar for its inaugural season, which was expected to begin this November at Jerez, Spain. The organization later unveiled its first race-ready vehicle, a highly-modified Tesla Model S P100DL, that is optimized for the track. Unfortunately, recent updates from Electric GT indicates that the racing series would be delayed yet again.
Electric GT was originally expected to begin in 2017, but delays forced the organization to push back the debut of the all-electric, Tesla-exclusive racing series. This time around, EGT noted that it was delaying the launch of the series since it is still seeking a lead investor. In a statement to Autosport, EGT CEO Mark Gemmell stated that almost everything is ready — from the series’ racing categories, FIA approval, and technical and broadcast partners. With an investor in the picture, Gemmell noted that the racing series could begin as early as the first half of 2019.
“Accelerating development in both electric mobility and sustainable energy means ‘The Age of Light’ will fast be with us. The Age of Light is a vision that has driven us for over three years to build an Electric Production Car Series that excites and inspires, and it is now close to final launch. Almost everything is ready: we’ve developed three fantastic race categories, received FIA approval and welcomed new technical and broadcast partners.
“The final ingredient is confirming a great lead investor who shares our vision of clean energy and transport, which is fundamental to launching the championship at the highest level possible. The championship start date will be set once this lead investor has been confirmed. As any start-up, we adapt and test our strategy to make sure the timing is right and the market ready. In creating an engaging and inclusive championship, we want to be open with our fans and supporters as we close in on this final step to bring the racing we all want to see.”
Last July, Electric GT showcased its first track-optimized Tesla Model S P100DL, where it was test-driven by veteran auto host Tiff Needell, who drove the vehicle around the Circuit de Barcelona-Catalunya in Barcelona. Needell, a former racing driver and presenter for programs such as Top Gear and Fifth Gear, was largely impressed with the track-optimized Model S P100DL, as the vehicle was powerful and it remained planted on the road despite performing aggressive maneuvers on the racetrack.
Unfortunately, Needell’s track session was cut short when Electric GT’s race-modified Model S P100DL exhibited heating issues after one lap and a half of hard driving, forcing the former racecar driver to head over to the pits, where the P100DL had to be cooled down. A spokesperson from EGT later issued a statement about the incident, explaining that the heating issue was caused by one of the vehicle’s outdoor temperature sensors from the air conditioning system being disconnected.
The Tesla Model S P100DL is a monster on straight-line races, but its limitations on the track are well documented. Electric GT is aware of this, and it has developed a system that could address the vehicles’ heating issues. The organization plans to introduce a system that would allow drivers to manage how much of the vehicle’s power they wish to use. Thus, to avoid overheating, drivers could opt to drive with a more manageable 470 hp, and only unleash the Model S P100DL’s full 778 hp when sprinting or overtaking. The Electric GT spokesperson noted that for the inaugural season, at least, the system will be “part of the strategy and part of the show.”
Elon Musk
SpaceX issues statement on Starship V3 Booster 18 anomaly
The incident unfolded during gas-system pressure testing at the company’s Massey facility in Starbase, Texas.
SpaceX has issued an initial statement about Starship Booster 18’s anomaly early Friday. The incident unfolded during gas-system pressure testing at the company’s Massey facility in Starbase, Texas.
SpaceX’s initial comment
As per SpaceX in a post on its official account on social media platform X, Booster 18 was undergoing gas system pressure tests when the anomaly happened. Despite the nature of the incident, the company emphasized that no propellant was loaded, no engines were installed, and personnel were kept at a safe distance from the booster, resulting in zero injuries.
“Booster 18 suffered an anomaly during gas system pressure testing that we were conducting in advance of structural proof testing. No propellant was on the vehicle, and engines were not yet installed. The teams need time to investigate before we are confident of the cause. No one was injured as we maintain a safe distance for personnel during this type of testing. The site remains clear and we are working plans to safely reenter the site,” SpaceX wrote in its post on X.
Incident and aftermath
Livestream footage from LabPadre showed Booster 18’s lower half crumpling around the liquid oxygen tank area at approximately 4:04 a.m. CT. Subsequent images posted by on-site observers revealed extensive deformation across the booster’s lower structure. Needless to say, spaceflight observers have noted that Booster 18 would likely be a complete loss due to its anomaly.
Booster 18 had rolled out only a day earlier and was one of the first vehicles in the Starship V3 program. The V3 series incorporates structural reinforcements and reliability upgrades intended to prepare Starship for rapid-reuse testing and eventual tower-catch operations. Elon Musk has been optimistic about Starship V3, previously noting on X that the spacecraft might be able to complete initial missions to Mars.
Investor's Corner
Tesla analyst maintains $500 PT, says FSD drives better than humans now
The team also met with Tesla leaders for more than an hour to discuss autonomy, chip development, and upcoming deployment plans.
Tesla (NASDAQ:TSLA) received fresh support from Piper Sandler this week after analysts toured the Fremont Factory and tested the company’s latest Full Self-Driving software. The firm reaffirmed its $500 price target, stating that FSD V14 delivered a notably smooth robotaxi demonstration and may already perform at levels comparable to, if not better than, average human drivers.
The team also met with Tesla leaders for more than an hour to discuss autonomy, chip development, and upcoming deployment plans.
Analysts highlight autonomy progress
During more than 75 minutes of focused discussions, analysts reportedly focused on FSD v14’s updates. Piper Sandler’s team pointed to meaningful strides in perception, object handling, and overall ride smoothness during the robotaxi demo.
The visit also included discussions on updates to Tesla’s in-house chip initiatives, its Optimus program, and the growth of the company’s battery storage business. Analysts noted that Tesla continues refining cost structures and capital expenditure expectations, which are key elements in future margin recovery, as noted in a Yahoo Finance report.
Analyst Alexander Potter noted that “we think FSD is a truly impressive product that is (probably) already better at driving than the average American.” This conclusion was strengthened by what he described as a “flawless robotaxi ride to the hotel.”
Street targets diverge on TSLA
While Piper Sandler stands by its $500 target, it is not the highest estimate on the Street. Wedbush, for one, has a $600 per share price target for TSLA stock.
Other institutions have also weighed in on TSLA stock as of late. HSBC reiterated a Reduce rating with a $131 target, citing a gap between earnings fundamentals and the company’s market value. By contrast, TD Cowen maintained a Buy rating and a $509 target, pointing to strong autonomous driving demonstrations in Austin and the pace of software-driven improvements.
Stifel analysts also lifted their price target for Tesla to $508 per share over the company’s ongoing robotaxi and FSD programs.
Elon Musk
SpaceX Starship Version 3 booster crumples in early testing
Photos of the incident’s aftermath suggest that Booster 18 will likely be retired.
SpaceX’s new Starship first-stage booster, Booster 18, suffered major damage early Friday during its first round of testing in Starbase, Texas, just one day after rolling out of the factory.
Based on videos of the incident, the lower section of the rocket booster appeared to crumple during a pressurization test. Photos of the incident’s aftermath suggest that Booster 18 will likely be retired.
Booster test failure
SpaceX began structural and propellant-system verification tests on Booster 18 Thursday night at the Massey’s Test Site, only a few miles from Starbase’s production facilities, as noted in an Ars Technica report. At 4:04 a.m. CT on Friday, a livestream from LabPadre Space captured the booster’s lower half experiencing a sudden destructive event around its liquid oxygen tank section. Post-incident images, shared on X by @StarshipGazer, showed notable deformation in the booster’s lower structure.
Neither SpaceX nor Elon Musk had commented as of Friday morning, but the vehicle’s condition suggests it is likely a complete loss. This is quite unfortunate, as Booster 18 is already part of the Starship V3 program, which includes design fixes and upgrades intended to improve reliability. While SpaceX maintains a rather rapid Starship production line in Starbase, Booster 18 was generally expected to validate the improvements implemented in the V3 program.
Tight deadlines
SpaceX needs Starship boosters and upper stages to begin demonstrating rapid reuse, tower catches, and early operational Starlink missions over the next two years. More critically, NASA’s Artemis program depends on an on-orbit refueling test in the second half of 2026, a requirement for the vehicle’s expected crewed lunar landing around 2028.
While SpaceX is known for diagnosing failures quickly and returning to testing at unmatched speed, losing the newest-generation booster at the very start of its campaign highlights the immense challenge involved in scaling Starship into a reliable, high-cadence launch system. SpaceX, however, is known for getting things done quickly, so it would not be a surprise if the company manages to figure out what happened to Booster 18 in the near future.
SpaceX issues statement on Starship V3 Booster 18 anomaly
Tesla analyst maintains $500 PT, says FSD drives better than humans now
