Elon Musk
I took a Tesla Model Y weekend-long Demo Drive – Here’s what I learned
I had a weekend with the new Tesla Model Y, and it truly solidified that EVs are the future, if we didn’t know that already.
Tesla offered me a weekend-long Demo Drive in the new Model Y, a new program the company is offering to people as a way to taste what it is like to own an EV. For me, it was a great look into owning an EV while renting a townhouse without charging infrastructure, but it gave me a lot more insight as well.
A Sales Advisor at a local showroom texted me several weeks back to see if I would want to take the new Model Y from the showroom to my house for a weekend. I immediately said yes, scheduled a weekend when family and friends would be nearby to experience things like Full Self-Driving, and booked it.
I picked it up on Saturday at 6 p.m. as the showroom closed, and I was on my way back home within ten minutes.
First Things First
My first order of business was getting some Full Self-Driving demos in, taking my Fiancè for a hands-free — but supervised — journey first. It was not her first time experiencing FSD, as we had taken a Demo Drive a few months back and experienced Hardware 3 and the past iteration of the Model Y.
However, we only used FSD for about ten minutes while checking out a Model Y to buy back in February.
The next morning, we picked my parents up for breakfast and took them on their first-ever FSD experience. They live in a rural part of my hometown in Southern Pennsylvania, where there are no lines on the road, potholes everywhere, deer constantly crossing the road, and sharp turns that can be dangerous during the daytime, as you cannot see oncoming headlights.
🚨 First order of business: Took my parents on an FSD journey.
“Wow!”
“This is crazy!”
You could hear the skepticism in my Dad’s voice as I started the drive. By the end of it, he couldn’t believe how it navigated non-lined backroads to his house! https://t.co/qisRxDlY5O
— TESLARATI (@Teslarati) May 4, 2025
It was really something to see how my Dad changed his belief on FSD in the matter of just a few minutes. The night before, I took my Mom and Step Dad on a drive, and they felt the same way. My Dad is just more vocal about his skepticism, so I was happy to hear the reversal of his perspective.
Living without Charging and How It Changed My Mindset
One of the biggest things that kept me from buying the Model Y we looked at in February was the lack of charging in my neighborhood. I do not get to park directly in front of my front door, and my neighborhood is still considering some minor infrastructure for residents.
With the Long Range All-Wheel-Drive version of the new Model Y, Tesla boasts a range of 327 miles. We picked it up from the Showroom at 98 percent state-of-charge.
We ran our usual errands, went out to dinner, drove around for leisure to enjoy the car, and after all that, we still returned the car with 40 percent left. This truly eliminated any concerns I would have about charging at home, at least in the near term.
Realistically, I would like to have charging at home. The experience made me realize I would probably be driving to a Supercharger once a week to get range, which is about as frequent as I visit a gas pump now. It would not be a tremendous change, and it made me realize that when I do eventually make the jump, if I am still living in our townhome that we rent, I would get through it without any real issues.
Take my words as a bit of advice: If you’re overly concerned about not having charging at your apartment or home, don’t stress too much about it.
The Good and Bad with Full Self-Driving
Overall, our Full Self-Driving experience was incredibly valuable. My plan was to drive the car manually most of the time, but I truly only did that for roughly 5 percent of the miles we traveled together.
I planned for a big stress test on Sunday evening, and that’s what we did. We had to run out and get some things for a wedding we’re attending this coming weekend, and it required us to travel all over York from the East end to the West end, much of which was spent traveling on the Lincoln Highway. In West York, this stretch of highway is incredibly dysfunctional, busy, and is one of the drives I rue the most in the area.
Full Self-Driving made it very easy, as I just set the destination on several occasions and let the car do all the work.
Our first drive took us from our house to our local Target. It did everything flawlessly. I took over once we got into the parking lot just to find a parking space on my own:
🚨 Tesla Full Self-Driving takes my Fiancé and I to Target
Flawless drive! We’ll document the rest of our errands today! pic.twitter.com/TAx3mWmVgh
— TESLARATI (@Teslarati) May 4, 2025
I didn’t record the trip from Target to the Burlington Coat Factory, just a mile away, but I did record the next leg of the trip, which was from Burlington in East York to Burlington in West York. This was when I had my first complaint with FSD, and it dealt with the operation in parking lots.
You’ll see at the beginning of this video that there was an instance where the car waited for one cross-traffic warning to stop before proceeding, but ignored another cross-traffic warning from the other direction. The car pulled out on this person, you’ll see me wave to apologize, then I take control of the car, as it was too close to that other car for my liking. This was the only issue we experienced on this drive:
🚨 On this drive, FSD pulled out of this spot while there was a car approaching from our right (you’ll see the Red cross-traffic warning on the screen)
It also approached that vehicle a little too close for my liking, so to be safe I took over.
A great drive across town… pic.twitter.com/ANuZ4QcZB6
— TESLARATI (@Teslarati) May 4, 2025
I found that parking lots were a weak point of FSD. It is not that I did not feel confident in its abilities to make it through these lots safely, but it reminded me a lot of what I think a 16-year-old who just got their license would drive through a busy parking area: hesitant, not confident, tentative.
Several of our X followers said the same thing:
This is such a problem… To the point I don’t even use start FSD from Park anymore
— ProjectRCC (@Project_RCC) May 5, 2025
Parking lots are little bit of a weakness. But I believe this will be solved in the next update we get 💯
— Overly Optimistic Future (@OOpFuture) May 4, 2025
Leaving the West York Burlington and heading to a Walgreens to pick up some pictures we had printed was the next leg of our journey. This was where we got to test a difficult off-ramp on I-83 south and Autopark in the Walgreens parking lot.
The off-ramp for the Market Street exit and the on-ramp use the same lane, so merging traffic can be a bit of a nightmare for those trying to get off of the highway, which is what we were trying to do. FSD managed it cleanly, as several cars were merging onto I-83, the car found a soft spot in the traffic and got off without any issue. This impressed me because I know it can be stressful at times, especially during rush hour.
Autopark worked well and backed into a spot with no issues:
🚨 The final leg of our trip here: FSD did a great job of navigating through this parking lot and getting us onto a highway with a very short on-ramp (a very typical part of living and driving in Pennsylvania).
Also, Autopark did a great job! I would like to see it improve by… pic.twitter.com/OBefKZKDCo
— TESLARATI (@Teslarati) May 5, 2025
Our final trip with FSD was from our home to the showroom. This would be our longest single-trip using FSD, and it was the most impressive yet.
The first thing it was tasked with was merging onto the highway with a very short lane to do so. FSD recognized this, saw an oncoming car that did not get over into the passing lane to make space (despite it having the room to do so as a courtesy), and sped up to take the slot it was given. It overtook slower cars, stayed in the right lane near on-ramps to make merging for others easier, and got us through the Harrisburg split with no issues.
As we turned onto the Carlisle Pike, the right lane was closed about a quarter-mile after we merged onto it. We had a vehicle beside us that did not want to let us over, so FSD waited, allowed the car to pass, and quickly took the three-car-length gap, safely getting on. This was a funny one because I noticed my Fiancè’s hand grab the handle on her door as a reactionary response.
She realized after it was unnecessary, and it did a better job than many people we know would have done:
🚨 The new Tesla Model Y drove my Fiancé and me back to the Tesla Showroom today to part ways 🥺
It was awesome to have an entire weekend with this awesome car. This 45-minute drive is condensed to just 36 seconds.
One portion of this drive included an impressive merge into a… pic.twitter.com/TjCXcpRUXG
— TESLARATI (@Teslarati) May 5, 2025
This finished our experience with the Model Y for the weekend, and it was hard to say goodbye.
Conclusion
It seems that a trade-in will be happening in the coming months. My biggest reservation was residential charging, and I learned it really was not something I needed to be overly concerned about.
Full Self-Driving was truly the big thing that sold me on this car. The new Model Y is obviously a great vehicle to begin with, but FSD was the number one thing that I will miss because it made driving such a breeze.
More novelty things I will miss are being able to watch YouTube while I wait in the car, and pranking people with the Fart on Contact/Sit Happens feature, something that gave us all a good laugh.
It was a great weekend with the new Model Y! In the coming months, I hope to get my hands on another vehicle for a weekend.
Elon Musk
Why SpaceX just made a $60 billion bet on AI coding ahead of historic IPO
SpaceX has secured an option to acquire Cursor AI for $60 billion ahead of its historic IPO.
SpaceX announced today it has struck a deal with AI coding startup Cursor, securing the option to acquire the company outright for $60 billion later this year, while committing $10 billion for joint development work in the interim. The announcement described the partnership as building “the world’s best coding and knowledge work AI,” and comes just days after Cursor was separately reported to be raising $2 billion at a valuation above $50 billion.
The move makes strategic sense given where each company currently stands. Cursor currently pays retail prices to Anthropic and OpenAI to the same companies competing directly against it with Claude Code and Codex. That means every dollar of revenue Cursor earns partially funds its own competition. With SpaceX bringing computational infrastructure to the Cursor platform, that could reduce Cursor’s dependence on OpenAI and Anthropic’s Claude AI as its providers. Access to SpaceX’s Colossus supercomputer, with compute equivalent to one million Nvidia H100 chips, gives Cursor the infrastructure to run and train its own models at a scale it could never afford independently. That one change restructures the entire unit economics of the business.
Elon Musk teases crazy outlook for xAI against its competitors
Cursor’s $2 billion in annualized revenue and enterprise reach across more than half of Fortune 500 companies gives SpaceX something its xAI subsidiary currently lacks, which is a proven, fast-growing software business with real enterprise distribution.
For Cursor, SpaceX’s $10 billion in joint development funding is transformational. Cursor raised $3.3 billion across all of 2025 to reach that $2 billion in revenue. A single $10 billion commitment from SpaceX, even as a development payment rather than an acquisition, dwarfs everything Cursor has raised in its entire existence. That capital accelerates product development, enterprise sales infrastructure, and proprietary model training simultaneously.
The timing is deliberate. SpaceX filed confidentially with the SEC on April 1, 2026, targeting a June listing at a $1.75 trillion valuation, in what would be the largest public offering in history. The company is expected to begin its roadshow the week of June 8, with Bank of America, Goldman Sachs, JPMorgan, and Morgan Stanley serving as underwriters. Adding Cursor to the portfolio before that roadshow gives IPO investors a concrete enterprise software revenue story to price in, alongside rockets and satellite internet.
The deal also addresses a weakness that became visible after February’s xAI merger. Several xAI co-founders departed following that acquisition, and SpaceX had already hired two Cursor engineers, signaling where its AI talent strategy was heading. Cursor, for its part, faces a pricing disadvantage competing against Anthropic’s Claude Code.
Whether SpaceX exercises the full acquisition option before its IPO or after remains the open question. Either way, this deal reshapes what investors will be buying into when SpaceX goes public.
Elon Musk
How much of SpaceX will Elon Musk own after IPO will surprise you
SpaceX’s IPO filing confirms Musk will maintain his voting power to make key decisions for the company.
Elon Musk will retain dominant voting control of SpaceX after it goes public, according to the company’s IPO prospectus that was filed with the SEC. The filing reveals a dual-class equity structure giving Class B shareholders 10 votes each, concentrating power with Musk and a handful of other insiders, while Class A shares sold to public investors carry one vote.
Musk holds approximately 42% of SpaceX’s equity and controls roughly 79% of its votes through super-voting shares. He will simultaneously serve as CEO, CTO, and chairman of the nine-member board after the listing. Beyond that, the filing includes provisions that may limit shareholders’ influence over board elections and legal actions, forcing disputes into arbitration and restricting where they can be brought.
The case for Musk holding this level of control is grounded in SpaceX’s actual history. The company’s most important bets, from reusable rockets to a global satellite internet constellation, were decisions that ran against conventional aerospace thinking and would likely have faced resistance from a board accountable to investor gains. Fully reusable rockets were considered economically irrational by established industry players for years. Starlink, which now generates over $4 billion in annual operating profit, was widely dismissed as financially unviable when it was proposed. The argument for concentrated founder control seems straightforward, and the decisions that built SpaceX into what it is today required someone willing to ignore consensus and absorb years of losses.
SpaceX files confidentially for IPO that will rewrite the record books
For context, Musk’s position is significantly more dominant than Zuckerberg’s at Meta. The comparison with Tesla is also worth noting. When Tesla did its IPO in 2010, it did not issue dual-class shares. Musk has only recently pushed for enhanced voting protection, proposing at least 25% control at Tesla in 2024 after selling shares to fund his Twitter acquisition left him with around 13%.
SpaceX has clearly learned from that experience and structured the IPO differently by planning to allocate up to 30% of shares to retail investors, roughly three times the typical norm for a large offering. The roadshow is expected to begin the week of June 8, with a Nasdaq listing rumored to be a $1.75 trillion valuation and a $75 billion raise.
Elon Musk
ARK’s SpaceX IPO Guide makes a compelling case on why $1.75T may not be the ceiling
ARK Invest breaks down six reasons SpaceX’s $1.75 trillion IPO valuation may be justified.
ARK Invest, which holds SpaceX as its largest Venture Fund position at 17% of net assets, has published a detailed investor guide to why a SpaceX IPO may be grounded in a $1.75 trillion target valuation.
The financial case starts with Starlink, SpaceX’s satellite internet constellation, which has surpassed 10 million active subscribers globally as of early 2026, with 2026 revenue projected to exceed $20 billion. ARK’s research puts the total satellite connectivity market opportunity at roughly $160 billion annually at scale, and Starlink is adding customers faster than any telecom network in history. That growth alone would justify a substantial valuation.
Additionally, ARK notes that SpaceX has reduced the cost per kilogram to orbit from roughly $15,600 in 2008 to under $1,000 today through reusable Falcon 9 hardware. A fully operational Starship targeting sub-$100 per kilogram would represent a significant cost decline and open markets that do not currently exist. SpaceX executed a staggering 165 missions in 2025 and now accounts for approximately 85% of all global orbital launches. That infrastructure position took decades to build and would be nearly impossible to replicate at comparable cost.
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The February 2026 merger with xAI added a layer to the valuation that straightforward financial models struggle to capture. ARK argues that at sub-$100 launch costs, orbital data centers could deliver compute roughly 25% cheaper than ground-based alternatives, without power grid delays, permitting friction, or land constraints. Musk has stated a goal of deploying 100 gigawatts of AI computing capacity per year from orbit.
The $1.75 trillion figure itself is not a conventional earnings multiple. At roughly 95x trailing revenue, it prices in Starlink’s adoption curve, Starship’s cost trajectory, and the orbital compute thesis together. The public S-1 prospectus, due at least 15 days before the June roadshow, will give investors their first complete look at the financials to test those assumptions. ARK’s position is that the track record earns the benefit of the doubt. Fully reusable rockets were considered unrealistic for years. Starlink was considered financially unviable. Both happened on timelines that surprised skeptics.
Why SpaceX just made a $60 billion bet on AI coding ahead of historic IPO
Tesla just unlocked sales to 50,000+ government agencies
