News
Tesla Model Y gets the full ‘Jay Leno’s Garage’ treatment: ‘It is fun, and it is addictive’
Devoted automotive enthusiast and outspoken Tesla fan Jay Leno got his hands on the Model Y Performance, the electric automaker’s newest crossover. Leno, a retired late-night talk show host, has had a long history of dealing with some of the world’s most impressive and famous cars. From a man whose car collection is worth an estimated $52 million, Leno has seen it all, which makes him an ideal candidate to give an honest and legitimate review of the Model Y.
Leno has a storied history with Tesla vehicles. After coming into contact with the first-ever production model of the Tesla Roadster in 2008, which Elon Musk delivered himself, Leno has owned a 2012 Model S and has also gotten firsthand looks at the Cybertruck and the Next-Gen Roadster.
The Model Y is different, though. It is Tesla’s second “mass-market” vehicle behind the Model 3, and it is expected to be the company’s most popular vehicle. Leno’s thoughts on the car, and his test of the Performance variant’s instant torque, gave plenty of insight for anyone walking the hypothetical tightrope between buying the vehicle and holding off.
Undoubtedly one of Leno’s favorite parts of the Model Y, which also applies to any Tesla vehicle, is the fact that the car is primarily locally sourced. “I like American-made stuff,” he said. While recognizing that Tesla employees do not make some of the car’s parts, the vast majority of the vehicle is. The seats, for example, are manufactured at a facility just a few miles away from where the cars are made in Northern California.
Versatility
Leno’s analysis sheds light on the fact that the car is perfect for the “young family.” The speed, particularly in the Performance variant, is excellent for those who want to have some fun while going from Point A to Point B. Meanwhile, the spacious trunk and fold-down rear seats would adequately pack a canoe, kayak, or simply give the kids enough room to make it to soccer practice comfortably. Leno even states that the Model Y could be the perfect place to sleep in an emergency.
Heat Pump
The heat pump that Tesla included in the Model Y was all the buzz in early-2020. Leno mentions that the efficiency of a heat pump highlights and compliments the efficiency of the vehicle overall, citing the system’s past uses in other cars. The system was included to help with range loss in cold climates, which was an issue with owners who dealt with long, harsh winters while driving their electric cars.
Interior
Despite recent reports from Edmunds that have stated Tesla’s minimalistic interior design is dangerous and inconvenient, Leno is a fan of what the Model Y looks like from the inside. From the wireless charging to the wood grain dash panel, Leno is in favor of Tesla’s design. It has certainly made the past interior designs of luxury vehicles look more intimidating than they are. Still, a large screen and a couple of steering wheel buttons are self-explanatory, and Leno enjoys it.
Performance
Leno admits that the Y feels a lot like his 2012 Model S, but the Y gives a slightly different experience considering its shape and center of gravity. The build of the car certainly doesn’t take away from the Performance. “You get the speed of a muscle car, with all the load-carrying capacity of a crossover. It’s a very eminently practical vehicle, and it’s fast,” Leno said. “It is fun, and it is addictive.”
Final Thoughts
Leno is a fan of Tesla, and the Model Y is just another vehicle that he loves. He stated that even though he likes the all-electric crossover, “I’m gonna wait for one of those Roadsters.” Leno does not have any children or grandchildren to haul around, and while he loves the sustainable aspect of Tesla, he has no use for an electric crossover. His Model S is still his daily driver because he believes the environmental impact is crucial and practical, and it fits him and his wife comfortably and in sleek style.
Watch Jay Leno’s extensive review of the Tesla Model Y below.
Tesla stock (NASDAQ: TSLA) endured one of its sharpest single-day declines in years on July 23, tumbling approximately 14.5 percent and closing near $320 after opening the session around $374. The drop erased more than $140 billion in market value amid heavy trading volume and left the shares at multi-week lows.
The sell-off followed the company’s second-quarter 2026 results, released the previous evening. Tesla reported record revenue of $28.2 billion, up 26 percent year over year, driven by a Q2-record 480,126 vehicle deliveries. Energy storage deployments also rose strongly.
Tesla (TSLA) Q2 2026 earnings results: miss on EPS, beat on revenue
Yet profitability disappointed sharply. Operating income fell 57 percent to $398 million, compressing the operating margin to just 1.4 percent. Non-GAAP earnings per share came in at $0.33, well below the roughly $0.53 analysts had expected. Free cash flow turned negative by $1.1 billion as capital expenditures surged 142 percent to $5.8 billion, largely tied to accelerated spending on artificial intelligence, robotics, and autonomous systems.
The losses on capex were expected, as Tesla said it would be spending heavily in 2026.
Investors also reacted to lingering uncertainty surrounding key product timelines. During the Earnings Call, management reiterated ambitions for Robotaxi deployment and the Optimus humanoid robot, but offered limited new concrete milestones, renewing questions about execution pace that have long accompanied Tesla’s ambitious roadmap.
The magnitude of the decline places it among Tesla’s more severe one-day percentage losses since its 2010 initial public offering. Historically, the two largest single-day drops (split-adjusted) remain September 8, 2020, when shares fell 21.1 percent amid broader market volatility and valuation concerns, and January 13, 2012, with a 19.3 percent plunge during the company’s early growth struggles.
Other notable declines include an 18.6 percent drop on March 16, 2020, at the onset of pandemic-related market turmoil. Thursday’s move ranks roughly ninth on the all-time list but stands out as the steepest in more than a year.
Despite the short-term pain, Tesla’s long-term trajectory has repeatedly recovered from such volatility. The latest results underscore both the strength of its core automotive and energy businesses and the near-term costs of heavy investment in next-generation technologies.
Elon Musk clapped back at France’s decision to withhold the approval for Tesla’s Full Self-Driving (FSD) Supervised system, projecting a clear and blunt message to French Transport Minister Phillippe Tabarot, after he publicly rejected the technology in its current form.
Tabarot outlines several concerns with Tesla Full Self-Driving in a detailed video statement, where he said, “The safety trade-offs are not yet sufficient to authorize it as it currently stands,” he said. He emphasized that FSD is not a true self-driving system and that the driver remains fully responsible.
Key issues Tabarot also brought up included allowing speeding when surrounding traffic exceeds limits and what he believes are insufficient guarantees of driver attention during complex urban maneuvers such as lane changes, intersections, and roundabouts.
Delaying the approval of FSD in France will cost lives
— Elon Musk (@elonmusk) July 22, 2026
While acknowledging technological progress and France’s support for autonomous innovation, Tabarot stressed that deployment must prioritize road safety. He noted ongoing technical discussions with Tesla, the Netherlands, and other European partners, with further ecosystem meetings planned for the fall.
Musk’s rebuke highlights the human cost of regulatory caution. Tesla’s latest safety reports provide compelling data supporting accelerated adoption. In the most recent 12-month period, vehicles using FSD (Supervised) recorded one major collision per approximately 5.1 million miles driven, dramatically better than the U.S. national average of one crash per 698,000 miles.
Even Tesla vehicles driven manually with active safety features outperform the average by a wide margin. These figures come from billions of real-world miles of telemetry, showing FSD vehicles involved in far fewer incidents than both manual Teslas and the broader U.S. fleet.
Critics argue Tesla’s comparisons require careful scrutiny regarding reporting thresholds and fleet demographics, yet the data consistently positions FSD as a potential lifesaver. With road fatalities remaining a leading cause of death worldwide, Musk contends that proven safer technology should not face prolonged bureaucratic hurdles.
France’s measured approach reflects the broader European regulatory caution, which many, especially Musk, have been critical of in the past. However, as autonomous systems from Tesla and competitors like Waymo demonstrate superior safety in independent studies, pressure is mounting for harmonized approvals.
Musk’s warning carries the belief that every month of delay may equate to avoidable tragedies on European roads.
In a striking revelation that underscores the lucrative crossover between Big Tech and space exploration, Alphabet Inc., Google’s parent company, disclosed a massive $94.1 billion equity stake in SpaceX following the rocket company’s blockbuster initial public offering earlier this year.
The disclosure came in Alphabet’s quarterly filing, marking the first time the long-held private investment has been publicly valued at market prices. Google was an early backer, investing alongside Fidelity in 2015 with roughly $500-900 million at a time when SpaceX was valued around $12 billion.
That bet has delivered extraordinary returns, roughly a hundredfold, transforming a strategic play on satellite internet and launch capabilities into one of Alphabet’s largest assets.
Google, $GOOGL, has said they hold $94 billion in SpaceX, $SPCX, shares after IPO.
— unusual_whales (@unusual_whales) July 23, 2026
Of the total holding, approximately $80 billion remains subject to short-term post-IPO lockup restrictions, preventing near-term sales. An additional $14.1 billion faces longer-term restrictions, extending into the third quarter of 2027. This structure limits immediate liquidity but protects against market volatility as SpaceX transitions into public trading.
The SpaceX position contributed significantly to gains in Alphabet’s broader investment portfolio, which also includes a major stake in AI leader Anthropic. Combined, these holdings helped drive nearly $100 billion in investment gains during the second quarter, providing a substantial boost to net income amid ongoing AI spending pressures.
Analysts view the disclosure as validation of Alphabet’s venture strategy beyond its core search and cloud businesses. The investment aligns with deeper ties, including reported multi-billion-dollar deals for AI computing capacity on SpaceX infrastructure. As SpaceX advances Starship flights, Starlink expansion, and ambitious Mars goals under Elon Musk, Google’s stake positions it to benefit from the commercialization of space.
For Alphabet, the windfall highlights how patient, forward-looking bets in transformative sectors can yield outsized rewards. While lockups temper short-term impact, the holding cements SpaceX as a cornerstone of Alphabet’s diversified portfolio in an era where aerospace, AI, and connectivity increasingly intersect. Investors will watch closely as restrictions lift and SpaceX’s public performance unfolds.
Tesla stock tumbles after earnings, one of its sharpest single-day declines
Elon Musk is not happy about this Tesla Full Self-Driving approval delay
