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Tesla Model Y completes the equation for the average household
Tesla Model Y’s performance and practicality will complete the equation for households in the US, China, and beyond.
In the United States, demand for crossovers has increased over the last two decades. Crossovers only accounted for about 4% of vehicle sales in 2000 and meteorically rose to roughly 40 percent of US sales in 2018. In China, the biggest automotive market in the world, the picture is basically the same as more people veer away from light vehicles and go for crossovers and SUVs. Tesla will answer the need of households for a vehicle that presents a good balance between a sedan and an SUV.
The Model Y makes sense for families looking for a bigger ride (but not as big as full-sized SUVs) that offers more space for people and cargo while not burning a big hole in one’s bank account. The Model Y is perfect for families leading an active lifestyle or for those looking for a second vehicle that complements their daily driver such as a Model 3. The Model Y is not just a chunkier Model 3. The electric crossover answers these needs of the average household and has the potential to become another cash cow for Tesla to help it achieve consistent profitability.
Tesla Model Y’s range and efficiency were highlighted during the Q4 2019 earnings call of the Silicon Valley-based electric carmaker. CEO Elon Musk told the electric vehicle community that the Model Y now boasts the highest energy efficiency rating among electric SUVs at 4.1 miles per kWh and has an EPA rating of 315 miles on a single charge. Tesla has started limited volume production in January and expects to make first deliveries of the electric crossover on March 15.
“…make sure we get that production ramp going and reach volume production as soon as possible with Model Y. Yes, go as fast we can with Model Y and make sure it’s a great product. I think there are some things that will differentiate it. I think… when people do a teardown of the Model Y, I think they will be impressed about some of the things they see,” Musk said during the Q4 2019 earnings call.
While a Model Y teardown is still a long shot, the latest sightings of the much-awaited electric crossover show why the vehicle can be a practical choice for people on the go or families with an active lifestyle.
Tesla Model Y Roof Rack
A Tesla Model Y with roof rack was recently spotted along the State Route 237 in Sunnyvale, California. The sighting gives Model Y fans a glimpse of how roof-mounted rails will look on the electric crossover.
The video posted by RKT on YouTube shows a roof rack that reminds one of the currently available Model 3 roof rack that can easily be installed by securing four mounting points on the all-glass roof of the vehicle. With the Model Y sharing roughly 75% of its DNA with the Model 3, there’s a high possibility that a similar roof rack for the Model Y will be sold by Tesla.
With a roof rack, the Model Y can be a perfect road trip vehicle for a group of five or even seven bringing bikes, skis, other sports gear, or cargo boxes. The average maximum load rating or roof racks is around 150 lbs.
Check out RTK’s video of the Model Y with a roof rack:
Tesla Model Y Towing
Last December, a Tesla Model Y with a clearly visible tow hitch was spotted hinting that the all-electric crossover would be perfect for towing small trailers or campers for families who love the outdoors.
Just last week, another Model Y was seen on the road, this time towing a dirt bike. An image originally captured by Rober Rorschach was shared on Twitter by @Testletter.
Model Y towing a dirt bike. I think the towing package is going to come standard in the Model Y (at least in LR versions)
📷: Robert Rorschach https://t.co/fpFyxoaWlK thanks @AnythingTesla for the tip! pic.twitter.com/r7SfLd78px
— Tesletter (@tesletter) February 21, 2020
This is another great demonstration of how the upcoming electric crossover is ideal for people who lead an active lifestyle. It is not yet confirmed if the Model Y will come standard with a tow hitch or if it will come as an option but it is a clear indication that Tesla’s testing such feature and it knows how the crossover could be used by the electric vehicle community. Model 3 in Europe comes with an option for a tow hitch but this option is not available in North America.
Tesla Model Y Spacious Trunk Storage
It has been highlighted how Tesla seems to haven been underpromising and overdelivering when it comes to Model Y and this strategy can clearly upset the naysayers of the electric carmaker. The Model Y, according to Tesla will have higher gross margins than Model 3 and Elon Musk even predicts that it can outsell its other vehicles in the lineup. And with Model Y sightings slowly revealing the details of how the vehicle can be so useful for people. The 2nd-row seats that can be individually folded are a stroke of design genius in terms of practicality but it can be clearly seen now that Tesla paid attention to the details that matter most to consumers.
New Model Y images that surfaced over the weekend show that the Model Y also offers generous space in its trunk and there could also be additional space under the main trunk. The order page on the Tesla website indicates that the vehicle will have a max cargo volume of 66 cu.ft. making it comparable to the amount of cargo the more affordable Honda CR-V can carry and offers a bit more space than its touted rival Ford Mustang Mach-E that comes with 59.6 cubic feet of room.
Below are the images of the Model Y trunk first posted by Thomas Andre Davik on the Tesla Model Y Enthusiast Facebook Page and the extra storage below the main trunk photo by Josh Jones on the same fan page:
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- Tesla Model Y trunk (Source: Thomas Andre Davik | Model Y Enthusiast Facebook Page)
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- Tesla Model Y extra storage under main trunk(Source: Josh Jones | Model Y Enthusiast Facebook Page)
The latest images also clearly show that the second-row seats offer generous headroom and that the spacious trunk can easily be reconfigured to give enough space for the third-row seats to allow the vehicle to carry seven adults. And that is another practicality factor that can help the Model Y stand tall against its rivals.
Elon Musk
SpaceX (SPCX) IPO is live today at $135: Here’s exactly what you need to know
SpaceX priced its historic IPO at $135 per share today, raising a record $75 billion.
SpaceX officially priced its initial public offering at $135 per share, offering 555,555,555 shares of Class A common stock and raising $75 billion in what is the largest IPO in stock market history. Shares are set to begin trading on the Nasdaq Global Select Market on Friday, June 12, under the ticker symbol SPCX. The previous record holder was Saudi Aramco’s 2019 offering at $29 billion, followed by Alibaba’s $22 billion offering in 2014.
At $135 per share and roughly 555.6 million shares, the implied valuation sits near $1.75 trillion, which would make SpaceX roughly the seventh largest company in the United States, just above Tesla’s current market cap. Regular investors can request shares at the IPO price through Robinhood, Fidelity, Charles Schwab, SoFi, and E*TRADE, though the deal is heavily oversubscribed and most retail allocations will be partial or unfilled. Once trading opens June 12, anyone with a brokerage account can buy SPCX on the open market.
SpaceX’s amended S-1 is sparking a major Tesla merger conversation
The valuation is anchored primarily by Starlink. Starlink crossed 10 million subscribers as of February 2026 and is adding 750,000 to 1.5 million new users per month, with the connectivity segment already posting a $1.19 billion profit last quarter. The offering also bundles in xAI following SpaceX’s all-stock merger earlier this year, adding Grok and the Colossus supercomputer to the investment thesis. As Teslarati reported, Starlink ended 2025 with $10 billion in revenue, a figure analysts project could reach $24 billion by end of 2026.
Wedbush analyst Dan Ives has been vocal in his support. “I think the time is right,” Ives said, adding that the offering expands the Elon Musk ecosystem rather than competing with Tesla. An average 12-month price target of $165 per share represents roughly 22% upside from the IPO price. Not everyone agrees – Motley Fool noted xAI is spending $1 billion per month playing catch-up to OpenAI and Anthropic.
Musk founded SpaceX in 2002 with a single stated purpose. “Elon founded SpaceX with a goal to change humanity, to make us a multi-planet species,” CFO Bret Johnsen said in the company’s retail roadshow video this week. Musk himself has been more direct: “We are building the systems and technologies necessary to provide global connectivity on Earth and beyond, to understand the true nature of the universe, and to extend the light of consciousness to the stars.”
Investor's Corner
Tesla unfolded its first European “folding Supercharger”
Tesla’s folding Supercharger just arrived in Europe and it changes how fast charging expands.
Tesla’s Folding Unit Supercharger has officially landed in Europe, with the company teasing a new installation in its effort for a broader rollout targeting major motorway rest stops across the European continent in Q3 2026. The arrival marks a notable shift in how Tesla is thinking about network expansion, moving from hardware performance alone to engineering the logistics chain itself.
While Tesla did not reveal the exact location for the new folding Supercharger in Europe, the photo shared on X heavily suggests that this maybe somewhere in Norway. Historically, whenever Tesla rolls out an entirely new infrastructure architecture in Europe, whether it was the original Supercharger stalls years ago or these brand-new modular V4 “Folding Units”, Norway is almost always the designated launch pad because of its unmatched EV adoption rate and supportive infrastructure
The Folding Unit, introduced in March 2026, is a factory pre-assembled V4 charging station built on an industrial hinge system mounted to a heavy-duty concrete base. The entire assembly arrives on site ready to unfold and connect. Tesla confirmed the units feature telescopic light poles specifically designed for easy transportation and fast on-site deployment, a detail that signals how carefully the logistics chain has been engineered alongside the hardware itself. The design allows 33% more stalls per delivery truck, cuts installation time roughly in half, and reduces overall deployment costs by more than 20% compared to traditional installations.
Tesla’s newest “Folding V4 Superchargers” are key to its most aggressive expansion yet
Tesla also noted telescopic light poles which provide benefits over traditional Supercharger installations that require fixed-height poles that are awkward to ship, slow to position on site, and often require separate crews and equipment to erect before charging hardware can even be staged. By engineering poles that compress for transit and extend on arrival, Tesla has removed one of the quieter bottlenecks in the physical deployment process. Every hour saved on a light pole installation is an hour redirected toward getting stalls energized. At scale, across dozens of new sites per quarter, those hours add up to a meaningful acceleration in how quickly a location goes from approved permit to serving its first customer.
Each Folding Unit pairs a single V4 power cabinet with eight charging posts. The V4 cabinet delivers up to 500 kW per stall for passenger vehicles and up to 1.2 MW for the Tesla Semi, supporting twice the stalls per cabinet at three times the power density of its predecessor. Longer cables make every new station immediately usable by non-Tesla vehicles, a priority as Tesla continues opening its network to Ford, GM, Rivian, Hyundai, Stellantis, and others.
As Teslarati reported when the Folding Unit was first unveiled, Tesla’s Gigafactory New York produced its final V3 Supercharger cabinet in March 2026 after more than seven years and 15,000 units, completing a full pivot to V4 production. The European arrival of the folding design is the next chapter in that transition.
Faster and cheaper deployment means Tesla can justify building in markets and corridors that were previously too expensive to serve, filling the coverage gaps that have slowed EV adoption outside major urban centers.
First Folding Unit Superchargers in Europe 🇪🇺 https://t.co/KNfYWJukkL pic.twitter.com/YR1udIpH1i
— Tesla Charging (@TeslaCharging) June 10, 2026
Tesla has stunned by gaining yet another approval for its Full Self-Driving suite in Europe, its second in two days and its fifth overall.
Belgium will be the latest country to allow Tesla owners to utilize FSD on public roads in Europe, joining a quickly growing list that started with the Netherlands, Lithuania, and Estonia.
On Tuesday, Denmark announced its approval of the FSD suite, which has now been followed by Belgium just one day later.
The country’s Minister of Mobility, Annick De Ridder, announced the approval on her X account, stating that she had just signed the approval of Tesla FSD. It now goes to the country’s homologation department for the last step of the approval process.
De @Tesla community houdt hier al geruime tijd de vinger aan de pols over de toelating voor de FSD-technologie op onze Vlaamse en Belgische wegen.
Uit waardering voor jullie niet-aflatende interesse (en aanmoediging 😉), krijgen jullie hierbij de primeur: ik heb net de toelating… pic.twitter.com/Yrps4OHTj8— Annick De Ridder (@AnnickDeRidder) June 10, 2026
The Belgian approval is one of mighty importance because it truly shows how quickly countries in Europe could greenlight the FSD suite consecutively. Approvals are already coming in relatively quickly, which is a great sign.
Perhaps the next big development that could come from FSD approvals in Europe is an approval from a country like England, Italy, France, Spain, or Germany. It would be something to see how FSD would perform in a major European metro, such as London, Barcelona, Madrid, Paris, Rome, or Berlin.
Getting Full Self-Driving in Spain and England will be such huge milestones for Tesla. I am so excited to see how FSD performs in Madrid, Barcelona, and London, specifically.
The ultimate test will always be Mumbai or New Delhi. Excited for India’s eventual approval! https://t.co/paw9Ch1qmL pic.twitter.com/9RdDERVSSJ
— TESLARATI (@Teslarati) June 9, 2026
Full Self-Driving does an excellent job of roaming around major U.S. cities like New York and Los Angeles, but other high-profile international cities of significance would truly mark a line in the sand for Tesla, which can simply enable any vehicle in its customer-owned fleet to run FSD with the correct approvals.
SpaceX (SPCX) IPO is live today at $135: Here’s exactly what you need to know
Tesla unfolded its first European “folding Supercharger”
