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Tesla’s tumultuous relationship with Edmunds is based on love, respect, and improvement
Tesla and automotive information resource Edmunds have had an up and down relationship throughout the years. Many Tesla-loyal EV enthusiasts claim the publication has a vendetta against the Silicon Valley-based electric carmaker. Still, the truth remains that Edmunds has plenty of respect for Tesla and its cars. In a video, Edmunds‘ Manager of Feature Content Carlos Lago outlined not only what Tesla could do better with its Model Y, but also what other carmakers can learn from the hottest company in electric transportation.
Of course, many Tesla owners hold an uncanny loyalty to the carmaker who manufactured their electric vehicle. It is normal and expected. When someone spends at least $35,000 on a car, they’re going to make sure they respect the brand and its ideals. Tesla is no different, but the obsessive nature of the company’s vehicle owners makes the auto manufacturer nearly one of a kind. With Elon Musk at the helm calling the day-to-day shots, the company continues to revolutionize the idea of an electric vehicle, proving to everyone that the battery-electric powertrains don’t have to be “ugly and slow and boring like a golf cart,” like he once said on 60 Minutes.
We really, really like Tesla vehicles, and we can prove it:https://t.co/nhexJgNKFK pic.twitter.com/upTCGtG6RM
— Edmunds (@edmunds) June 8, 2020
And, to be fair, Musk’s company has proven that. Tesla has done more than enough to rid the world of the idea that a battery-powered car is a slow and ineffective mode of transportation. This idea does not mean that Tesla’s are perfect, and there are things that the company could improve on for future builds of their vehicles. Edmunds was more than happy to throw a few suggestions out there.
The improvements that Edmunds would like to see is not indicative of a belief that Tesla has a lack of quality in their cars. When the publication’s review of the Model 3 revealed some issues with panel gaps and overall build quality, Tesla improved upon the issue by confronting it head-on. One of Tesla’s most vocal critics in Bob Lutz even admitted that the Model 3’s build quality was “world-class” after the suggestions, and the improvements won the vehicle Edmunds’ “2020 EV of the Year” award.
For the most part, Tesla’s vehicles have culminated in primarily positive reviews from Edmunds. Most recently, the Model Y won over Lago in a comprehensive study that highlighted Tesla’s improved build qualities and impressive performance standards.
The Model Y crossover could be Tesla’s most popular vehicle to date. The combination of white-knuckle performance with the crossover body style that has quickly become the most popular in the U.S. launches the car into the category of massively appealing.
If Tesla can dial in a few changes that Edmunds suggests, there is a considerable chance that the Model Y can become the most popular car, EV or not, in the country. The company’s growing appeal across the globe has drawn attraction from the world’s biggest brands, who have designed their newest vehicles after Tesla’s technology and minimalist design.
Time after time, Tesla-inspired tech shows up on vehicles outside of the EV sector. The company’s sales figures, combined with customer loyalty, make Tesla a force to be reckoned with not only now, but also in the future.
Before taking Edmunds‘ suggestions as a source of negativity, try and frame it as constructive criticism. Tesla’s vehicles are not perfect, and the constant attention to detail and thirst for improvement is what has made the company so successful in the twelve years it has been building electric vehicles.
Watch Edmund’s Carlos Lago’s Long-Term review of the Model Y below.
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
