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The Tesla Model Y is sized just right, and this will help it stand tall against rivals
Tesla’s much-awaited Model Y has piqued the curiosity of green car aficionados but it has always been described as the chunkier sibling of the Model 3 sedan or the smaller next of kin of the Model X SUV. Recently, another prototype of the electric crossover was spotted in California and while it was covered, someone measured the height of the Model Y. It’s 65 inches tall, placing it right in the middle of its rivals in the premium crossover segment.
Redditor u/gamerlike took the initiative to inform Tesla fans asking about the dimensions of the Tesla Model Y he saw in Mountain View. If his measurements are accurate, the Model Y will just be an inch shorter than the Model X, which stands 66 inches. Meanwhile, the Model 3 electric sedan’s height is pegged at 56.8 inches.
Recently, there have been more and more sightings of Tesla Model Y release candidates across the United States. A white Model Y Performance variant sporting a seemingly production-ready exterior was seen in San Luis Obispo, CA. There was also a black Model Y with red brake calipers that was spotted cruising along the I-5 in Washington State.
As the market awaits the Tesla Model Y release date, one cannot help but be more excited and compare the all-electric crossover to its possible competitors.
The Tesla Model Y electric crossover will be offered in three variants. The Rear-Wheel Drive Long Range version will sell for $48,000 while a Dual Motor All-Wheel Drive Long Range will go for $52,000. The Performance version, meanwhile, will set customers back by $61,000. The electric carmaker has moved the production up from Fall 2020 to Summer 2020, or if speculations from the community are any indication, maybe even sooner.
Tesla positions the Model Y luxury crossover against other premium vehicles in its class such as the BMW X3, Audi Q5, or the Jaguar I-PACE. Likewise, it can be compared to more affordable competitors in the segment such as the Honda CR-V and Toyota RAV4.
Tesla Model Y’s competitors are almost the same height. For example, the BMW X3 is 66 inches high while the Audi Q5 is 65 inches and the Jaguar I-PACE is a bit shorter at 61 inches. Meanwhile, the more affordable Honda CR-V stands at 66-67 inches and the RAV4 is a bit taller at 67-68 inches.
Price-wise, the Model Y is comparable to its premium rivals as well. The X3 will go for almost $42,000, the Audi Q5 will sell for around $43,000, and the Jaguar I-PACE will be at the higher end of the spectrum at almost $70,000. The Honda CR-V, meanwhile, will set back customers by $25,000 and the RAV4 will sell for around $26,000.
If the height of the vehicle will be a basis, we can fairly say that the Model Y will be comfortable with ample headroom and enough legroom just like other vehicles in its class. However, the Model Y might have an X-factor — it has a seven-seat option. The X3, Q5, I-PACE, and the more affordable CR-V and RAV4 do not.
The EV world is awaiting a glimpse of the Model Y interior and a test drive to determine if the Model Y’s extra seats at the back really work. Nevertheless, the presence of more seats can convince some customers that it’s the vehicle that fits their needs. Ask every mom or dad who has to deal with World War III when traveling with kids who are sharing the passenger seats. Extra seats mean world peace.
As of October 2019, crossovers consist 40.4% of light vehicle sales in the US followed by pickup trucks (17.6%) and small cars (11.6%) based on data compiled by Statista. The market has been shifting from sedans to compact SUVs for their good dose of comparable fuel efficiency with mid-sized cars and their higher seating positions.
One must take note that according to Tesla CEO Elon Musk, the Model Y will be sharing around 75% of the parts used for the Model 3. Expected demand for the Model Y is around 50 to 100% higher than the annual demand for the Model 3 as well. With the Model Y sharing the DNA of the Model 3, this might mean a more efficient production ramp.
Earlier this year, Forbes analyzed the potential of the Model Y for Tesla. Aside from the high demand stateside, one can only imagine how the Chinese and European markets would react to the electric crossover. In China, the Model 3 has created a loud buzz in the market, and it will likely serve as a catalyst to the country’s slumping automotive industry.
In Europe, the Gigafactory 4 in Brandenburg will play a crucial role in bringing Teslas to the region. Forbes predicts that Tesla will be able to deliver about 250,000 units of Model Y by 2022. According to the same analysis, the Model Y has the potential to bring in revenues amounting to $12 billion in the next 3 years.
While critics say the Tesla Model Y is just the chunkier version of the Model 3, it is clear that it has a ton of potential. It’s not a Cybertruck or a Roadster but it presents a good balance between form and function that really matters to car buyers, electric or otherwise.
Tesla has finally clarified the situation regarding the viral crash in Texas where a Model 3 slammed into a home.
CEO Elon Musk replied to reports on Monday that stated the crash was due to the company’s Full Self-Driving or Autopilot suite, which seemed unlikely to those who are familiar with it. Video showed the car slamming into a house at an excessive rate of speed, making it highly unlikely the crash was due to the suite’s operation, as it does not travel at those speeds in residential areas.
Musk said:
“This makes no sense. FSD drives slowly through neighborhood streets, and this was a high-speed crash!”
Tesla’s Head of AI, Ashok Elluswamy, added context, revealing that the company’s data shows the driver “manually overrode self-driving by pressing the accelerator all the way to 100%.”
He revealed the speed reached by the car was 73 MPH, and the accelerator was still pressed “even after the crash.”
Yup. In this case, the driver manually overrode self-driving by pressing the accelerator all the way to 100% of the accel pedal in this residential area. They reached a speed of 73 mph during the crash, and had the accelerator pressed even after the crash.
— Ashok Elluswamy (@aelluswamy) June 22, 2026
Authorities are reportedly investigating “whether Tesla’s Autopilot system played a role after a Model 3 left the roadway…slammed through a brick house at high speed and fatally struck Matha Avila as she sat inside,” the New York Post reported.
The National Highway Traffic Safety Administration (NHTSA) is now investigating the crash. Tesla will work with the agency to provide them with whatever information they need in order to clarify the cause of the crash.
Similarly, Tesla had claims of a fatal accident in Harris County, Texas, a few years ago. Early reports indicated that Full Self-Driving was the cause of the crash. After the National Transportation Safety Board (NTSB) worked with Tesla, the agency proved there was “no use of the Autopilot system at any time during this ownership period of the vehicle, including the time frame up to the last transmitted timestamp on April 17, 2021.”
Tesla alleged “driverless” crash in Texas: What is known so far
“Application of the accelerator pedal was found to be as high as 98.8 percent,” the NTSB said in their findings. The highest recorded speed in the five seconds leading up to the impact was 67 miles per hour. The area where the crash occurred is residential, and Texas State laws have default speed limits of 30 MPH in residential streets.
This appears to be a similar situation. However, an investigation will prove what happened for sure.
SpaceX announced today that it commenced its first-ever public bond offering, marking a significant step in the newly public company’s capital markets strategy.
The company announced an offering of senior unsecured notes expected to raise at least $20 billion.
The move comes just a short time after SpaceX completed one of the largest initial public offerings in history. In mid-June, the company priced shares at $135 and raised more than $85 billion, propelling founder Elon Musk’s net worth past the trillion-dollar mark and giving the firm substantial liquidity.
🚨 SpaceX has announced its inaugural offering of senior unsecured notes.
The net proceeds will be used to repay outstanding loans under its bridge loan facility in full.
This inaugural debt offering represents a financing milestone for SpaceX, which previously depended… pic.twitter.com/pcOZuVbTRv
— TESLARATI (@Teslarati) June 22, 2026
According to the company’s SEC filing, the net proceeds from the notes will be used primarily to repay in full the outstanding borrowings under its existing bridge loan facility, cover related fees and expenses, and fund general corporate purposes. The offering is being conducted under Rule 144A, as well as Regulation S, targeting qualified institutional buyers and non-U.S. investors. Notes will be unsecured obligations ranking equally with other unsubordinated debt.
The $20 billion bridge loan was used to refinance approximately $17.5 billion in higher-cost “junk” debt tied to X and xAI. SpaceX had merged with xAI in February 2026 in an all-stock deal. The bridge facility, which matures in September 2027, had represented the bulk of SpaceX’s long-term debt.
SpaceX officially acquires xAI, merging rockets with AI expertise
In connection with the bond launch, SpaceX disclosed it held approximately $100.8 billion in cash and cash equivalents as of June 19. Investor calls began on the announcement date, with pricing and launch expected shortly thereafter. Rating agencies have assigned investment-grade ratings to the proposed bonds, reflecting confidence in SpaceX’s dominant position in commercial launches and the growth trajectory of its Starlink internet offering.
The debt raise also allows SpaceX to optimize its balance sheet by replacing short-term, higher-cost bridge financing with longer-date, lower-cost fixed-income securities. This provides greater financial flexibility to support capital-intensive initiatives, including the development of Starship, the expansion of the Starlink constellation, and the integration of AI capabilities following the xAI combination.
SpaceX shares (NASDAQ: SPCX) fell sharply on the news, dropping over 16 percent overall on the market on Monday. The stock had surged initially after debuting but pulled back amid profit-taking and broader market dynamics.
Overall, the bond offering underscores SpaceX’s transition to a mature public company with access to diverse funding sources. It positions the firm to pursue its long-term vision of multiplanetary expansion and AI infrastructure, while maintaining a disciplined approach to its capital structure in a high-growth but capital-heavy industry.
SpaceX confirmed today that it has officially signed its third massive compute deal, providing compute at its Colossus data center in Southaven, Tennessee.
Reflection AI will gain immediate access to NVIDIA GB300 chips at SpaceX’s Colossus 2 data center. In return, Reflection will pay SpaceX $150 million per month starting on July 1, with total payments reaching approximately $6.3 billion if the contract runs through its duration, which is until 2029. Either party can terminate the agreement with 90 days’ notice after the initial three-month period.
CNBC first reported the deal.
🚨 SpaceXAI has agreed to a new compute deal with Reflection AI.
Reflection gets access to NIVIDIA GB300s, and will pay $150M per month to SpaceXAI for the compute. pic.twitter.com/bNPare8U5u
— TESLARATI (@Teslarati) June 22, 2026
This latest partnership highlights SpaceX’s strategy of commercializing its massive Colossus supercomputing infrastructure, originally developed to power Elon Musk’s Grok AI models. The company has rapidly expanded its customer base in the AI sector following its February 2026 merger with xAI, a transaction that valued the combined entity at $1.25 trillion.
SpaceX has previously signed significant compute deals with other major players.
It granted Anthropic exclusive access to the full capacity of its Colossus 1 data center, which exceeds 300 megawatts and includes over 220,000 NVIDIA GPUs. Details from SpaceX’s IPO filings indicate Anthropic will pay $1.25 billion per month through May 2029, potentially generating around $45 billion over the term of the deal.
Additionally, Google agreed to pay SpaceX $920 million per month for compute capacity from October 2026 through June 2029. This 32-month period will provide Google access to roughly 110,000 NVIDIA GPUs, along with supporting processors and memory. Capacity ramps up through September at a reduced fee, with termination options after the first year.
SpaceXA also established arrangements for computing power with Cursor, an AI coding startup. SpaceX acquired them in a $60 billion all-stock deal.
These arrangements position SpaceX’s collective position as an AI infrastructure powerhouse with high-margin revenue potential. The Google deal alone could generate nearly $29.5 billion over its term, while the Reflection contract adds another $6.3 billion.
Combined with the Anthropic arrangement, SpaceX stands to realize tens of billions in revenue from compute leasing in the coming years, which diversifies beyond SpaceX’s traditional rocket launches and Starlink operation.
The deals underscore growing demand for advanced AI training and inference capacity amid chip shortages and surging model development needs. Reflection, valued at $25 billion and focused on “American open intelligence” with government and national security ties, cited recent restrictions on closed models as validation for open-source approaches.
For SpaceX, the partnerships transform capital-intensive data centers into flexible revenue sources while supporting its broader AI ambitions after the company has gone public.
Tesla finally clarifies fatal Texas crash, confirms driver manually overrode acceleration
SpaceX makes $20 billion move to optimize its balance sheet
