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Tesla Model S, 3, X among ‘Top 10 American-Made’ vehicles in Cars.com list
Tesla’s Model S, Model 3, and Model X broke into Cars.com’s “Top 10 American-Made Index” list, taking three out of ten places in the motoring resource’s rankings. This was quite a debut for Tesla, as this year marks the first year that the Silicon Valley-based automaker made its first appearance in Cars.com’s rankings.
The annual survey ranks new vehicles that “contribute most to the U.S. economy” through U.S.-based factory jobs, manufacturing plants, and parts sourcing. Frequently, American automakers like Ford and Chevrolet dominate the list due to their mass-market pickups. Other popular manufacturers, like Honda, for example, have become listed more frequently in the last few years of the rankings.
Tesla, with its growing popularity and expanding fleet of mass-market vehicles, cracked the Top 10 for the first time. However, it was not just the ultra-popular Model 3 that appeared. The flagship Tesla Model S and Model X made the list as well, tying Honda for the most number of vehicles in the 2020 Top 10 rankings, USA Today reports.
The Tesla Model S, Model 3, and Model X finished third, fourth, and ninth, respectively, in the rankings. The Ford Ranger, a product of Wayne, Michigan, and the Jeep Cherokee, made in Belvidere, Illinois, edged out Tesla’s flagship sedan, which is built in Fremont, California.
According to Cars.com’s senior consumer affairs and vehicle evaluations editor Kelsey Mays, Tesla made the list this year because it was the first time the automaker supplied the appropriate information to qualify its vehicles for the rankings.
Mays added, “Tesla is the only automaker on the list to built 100% of the cars in America that it sells here.”
Cars.com told Teslarati that Tesla’s identification with Americans has grown considerably since last year. According to a survey that the automotive resource conducted, only 10% of American car buyers recognized Tesla as a “California-made” vehicle in 2019. About 18% of respondents now identify Tesla as a California-based company. However, only half of the survey’s total respondents knew that Tesla was American, and only a third of those who participated thought the Model S was built within the United States.
Mays indicated that where a car is produced is becoming a more important factor to consumers, and Cars.com created the list to highlight what vehicles are manufactured within the United States. The impact of COVID-19 on the American economy has contributed to that, and American car buyers are more focused on buying locally to support the automotive sector, which employs 9.9 million people, according to AutoAlliance.org.
“We live in a global economy, but Cars.com’s research found 70% of American shoppers consider a car’s U.S. economic impact a significant or deciding factor in their vehicle purchase,” Mays said. “The COVID-19 pandemic is increasing Americans’ desire to buy local, with 37% reporting they are more likely to buy an American-made vehicle in light of the economic disruption of COVID-19.”
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Tesla’s Fremont facility employs 12,000 people, providing a sizable number of manufacturing jobs for Northern Californians. It is currently the only facility in the U.S. where Tesla builds its vehicles, but the company is looking to open a second facility in the Central United States soon.
Tesla had already reopened its Giga Shanghai production facility in mid-February by implementing a series of new health codes that would preserve the safety of its workforce. The same strategies are being used in Fremont, where Tesla is focusing on ramping up the production rates of its Model 3 and Model Y while maintaining steady build rates for the Model S and Model X.
Cars.com’s Top 10 American-Made Index list is below.
Cars.com 2020 American-Made Index top 10
- Ford Ranger (Wayne, Michigan)
- Jeep Cherokee (Belvidere, Illinois)
- Tesla Model S (Fremont, California)
- Tesla Model 3 (Fremont, California)
- Honda Odyssey (Lincoln, Alabama)
- Honda Ridgeline (Lincoln, Alabama)
- Honda Passport (Lincoln, Alabama)
- Chevrolet Corvette (Bowling Green, Kentucky)
- Tesla Model X (Fremont, California)
- Chevrolet Colorado (Wentzville, Missouri)
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Investor's Corner
SpaceX and Nvidia team up on Musk’s orbital AI bet
SpaceX revealed a new Nvidia satellite partnership, then Musk pledged an exclusive Nvidia hardware commitment.
SpaceX and Nvidia are now working together on the hardware that will power Musk’s orbital data center ambitions. SpaceX announced on X on Tuesday that it is partnering with Nvidia to design the compute payload for Starmind AI1, the first satellite in a planned constellation built to run AI workloads directly in orbit. Each Starmind satellite will carry Nvidia’s Rubin GPUs and Vera CPUs, according to the post, which included renderings of the payload design.
The announcement landed hours before SpaceX’s first earnings call as a public company, where Musk went further, saying the company has committed to building its AI infrastructure exclusively on Nvidia hardware. “We think the Vera Rubin architecture is the best architecture. We think it’s the best AI computer, and we greatly value our close cooperation and partnership on many levels with Nvidia,” Musk told investors on the call,. “So we’re exclusive to Nvidia.”
Musk said SpaceX plans to deploy Nvidia’s Vera Rubin NVL72 rackscale system, codenamed Kyber, both on the ground and in space. He set a target of 2 gigawatts of compute capacity online by the end of this year, scaling to roughly 10 gigawatts by the end of 2027.
SpaceX’s newest Starmind will make earth data centers obsolete
Starmind has been in development since Musk confirmed the name in June, following an xAI trademark filing that tipped off the project before SpaceX made it official. The idea is massive in scope and instead of moving data down to ground based servers, satellites equipped with onboard processors and large solar arrays would compute AI workloads in orbit and beam results back to Earth. SpaceX has already filed with the FCC for a constellation of up to one million satellites to support the effort, citing constant solar power and the absence of zoning restrictions as advantages over terrestrial data centers.
The Nvidia exclusivity marks a shift in tone from just two weeks ago, when Musk was busy knocking down a report that SpaceX had ordered $52 billion worth of Nvidia GPUs through Foxconn, calling it fake news at the time. The dollar figure in that rumor may have been wrong, but the underlying direction seems correct. SpaceX’s AI division already leases Colossus compute capacity to Anthropic and Google, and Tuesday’s earnings report showed AI revenue climbing sharply as those deals ramp up.
Nvidia shares rose roughly 3% in Tuesday trading on the news, while SpaceX stock climbed nearly 9% during the day before giving back gains after hours as investors digested the earnings report’s capital spending figures.
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SpaceX (NASDAQ: SPCX) reported a beat in revenues and EBITDA in its first earnings call report while also minimizing losses as its business continues to gain momentum.
After its IPO in July, SpaceX saw some tough losses on Wall Street due to a major selloff after a delay in its 13th Starship test flight. The ship launched later that week and completed what was arguably the most successful IFT operation in the Starship program’s history.
Nevertheless, the company is continuing on and reported some encouraging financials while also promoting what appears to be a robust outlook moving forward in its Space, AI, and Connectivity divisions.
SpaceX to report first-ever earnings today: here’s what to expect
Earnings Results
- Revenues: $7.8 billion reported vs. $6.7 billion expected
- Adjusted EBITDA: $3.5 billion vs. $2 billion expected
- Net loss of $541 million, an improvement of $467 million from net loss of $1.0 billion
Additionally, CFO Bret Johnsen had these comments:
“2026 has been a momentous year so far, and the second quarter demonstrated the true power of SpaceX. Revenue growth accelerated across all our business segments and we delivered strong operating leverage, with significant margin expansion led by our new AI compute agreements. Our unparalleled leadership in launch, Starlink subscriber growth, new enterprise and government partnerships, and best-in-class AI infrastructure underscore our ability to drive meaningful scale and deliver attractive returns. As a newly public company, we are delighted to welcome our broad base of shareholders and bondholders. We ended the second quarter with $100 billion of cash, cash equivalents, and marketable securities, and $47.5 billion in backlog. This financial strength gives us substantial capacity to invest in Starship, Starlink Broadband and Mobile satellites, and our AI platform, while maintaining a disciplined long-term capital allocation framework.”
Space Business Highlights
SpaceX shared some of its biggest Space Business Highlights for Q2:
- Space revenues grew 55% sequentially and 29% year-over-year to $962 million, driven by a higher number of large customer launches and a favorable customer shift compared to the prior year
- Total costs and expenses for the Space segment were up by $389 million year-over-year, as we continued to accelerate R&D investments in our Starship program, which we believe will reduce the cost to orbit by 99% or more relative to the historical average, and unlock significant revenue potential across all business segments
- Leading launch provider for the world with 78 launches and 1,041 metric tons of mass to orbit deployed over the six months ended June 30, 2026, primarily allocated to Connectivity for the deployment of our Starlink constellation
- Starship V3 development continued to advance towards full and rapid reusability:
- Completed Starship V3’s first suborbital mission in May, Flight 12, which achieved a successful lift off from our new Starbase pad, a precision landing of Starship’s upper stage, and deployment of modified V2 Starlink satellites
- Subsequent to the second quarter, completed Starship Flight 13 in July, which achieved all flight objectives including deploying 20 production V3 satellites, demonstrating in-space relight of a Raptor engine, and executing the softest ever splashdown of Starship, providing critical views of an intact heatshield
SpaceX will report its earnings today at 4:30 P.M. EDT.
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Elon Musk issued a second pointed warning to SpaceX short sellers on Tuesday, just hours before the company was set to release its first quarterly earnings as a publicly traded firm. Responding to a report highlighting elevated short interest, Musk wrote on X: “I try to warn them, but they just double down …”
The comment came as data from S3 Partners showed roughly 95 percent of available SPCX shares to borrow were on loan, translating to about 34 percent short interest as a percentage of the float. The stock has traded under pressure since its record-breaking IPO in June 2026, declining significantly from early peaks.
I try to warn them, but they just double down … 🤷♂️
— Elon Musk (@elonmusk) August 4, 2026
This marks the second such message from Musk in under three weeks.
On July 17, amid post-IPO volatility, he stated: “The survival probability of firms who maintain a significant short position in SpaceX over time is very low.” At that time, SPCX had fallen roughly 30 percent from its peak above a $2.6 trillion valuation, with short sellers reportedly realizing gains of about $8.7 billion.
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Musk’s warning aligned with optimistic analyses projecting that Starship-driven cost reductions could enable a multi-trillion-dollar space economy through applications such as orbital solar power, asteroid mining, data centers, and Mars-related projects, positioning SpaceX as critical infrastructure.
SpaceX is scheduled to report second-quarter results after the market close later today, followed by a webcast. Analysts anticipate revenue near $6.9 billion, reflecting growth in Starlink, launch services, and AI-related segments. The earnings release precedes a major lockup expiration on August 6 that could free hundreds of millions of insider shares.
Musk has a long track record of confronting short sellers, particularly regarding Tesla, where he has argued that persistent bearish positions underestimate transformative technologies. Critics view his optimism as overly ambitious given near-term stock fluctuations, while supporters see temporary dips as opportunities in a longer-term expansion of the space economy.
As SpaceX opens its books to public scrutiny for the first time, the high short interest and Musk’s repeated cautions set the stage for heightened market attention on the results and management’s commentary.
SpaceX and Nvidia team up on Musk’s orbital AI bet
SpaceX reports beat in first earnings while minimizing losses
