Connect with us

News

Tesla’s Elon Musk reveals rare details on next-gen Roadster’s SpaceX thrusters

Next-gen Tesla Roadster and Cybertruck at Hawthorne Design Center, 2019 Tesla Holiday Party (Credit: giftedkick_/Instagram)

Published

on

Tesla is no stranger to wild designs and insane specs that become even crazier in production. The Cybertruck is the perfect representation of this, as the vehicle is designed quite unlike any other pickup in the market. But that’s just Tesla. The company is never one to shy away from a crazy idea, and among today’s carmakers, it is one of the few that actually follows through. 

The next-generation Roadster is poised to become Tesla’s halo car, a vehicle that is the physical representation of why electric propulsion is indisputably superior to the internal combustion engine. During its unveiling, the new Roadster shocked the auto industry with its insane specs, which are headlined by its 0-60 mph time of 1.9 seconds, its top speed of over 250 mph, and its range of 620 miles per charge. But then CEO Elon Musk stated something even crazier: these are the specs of the Roadster’s base model. 

This meant that there are even more extreme versions of the next-generation Roadster. Among these is something that Musk has dubbed as the “SpaceX Package,” on account of the vehicle using the private space firm’s Composite Overwrapped Pressure Vessel (COPV), which are also used in the Falcon 9. The idea of using such components in a road-going vehicle is nothing short of insane, but as noted by Elon Musk in a recent preview of the Cybertruck’s appearance at Jay Leno’s Garage, he actually is very serious.

Standing by the flagship supercar and the newly-released Model Y crossover, Musk and Leno were recently featured in a promo video talking about the next-generation Roadster. Leno, for one, noted that sometimes, Musk’s ideas are so out of this world that he can’t really tell if the CEO is joking or not. Musk responded that when it comes to the Roadster’s rocket thrusters, he actually is serious. He then described exactly how the “main” thruster of the next-generation Roadster works. 

Advertisement

“We’re gonna use ultra high pressure compressed air. It’s a cold gas thruster. The main thruster will be behind the license plate. So for acceleration, it drops the license plate, and behind the license plate is a rocket thruster. It’s like full-on James Bond,” Musk said. 

With its SpaceX Package, the next-generation Roadster will likely be a very difficult vehicle to match in a straight line and on the track. Musk has already stated that the all-electric supercar will set new records in the Nurburgring, and that the Roadster’s acceleration will feel like the Space Shuttle, pulling 3 Gs when it launches

That being said, Musk has also stated that the Roadster will only be produced in limited quantities. He expects the vehicle to see a production of about 10,000 units per year. That’s just a fraction of the volume of the company’s other vehicles, including the flagship Model S and Model X. Yet, in the world of supercars and machines that almost bend physics with their sheer insanity, 10,000 units per year may be enough to disrupt the entire supercar industry. 

Elon Musk and Jay Leno talk about the 2020 Tesla Roadster from CNBC.

Advertisement

Simon is an experienced automotive reporter with a passion for electric cars and clean energy. Fascinated by the world envisioned by Elon Musk, he hopes to make it to Mars (at least as a tourist) someday. For stories or tips--or even to just say a simple hello--send a message to his email, simon@teslarati.com or his handle on X, @ResidentSponge.

Advertisement
Comments

News

Tesla ends Full Self-Driving purchase option in the U.S.

In January, Musk announced that Tesla would remove the ability to purchase the suite outright for $8,000. This would give the vehicle Full Self-Driving for its entire lifespan, but Tesla intended to move away from it, for several reasons, one being that a tranche in the CEO’s pay package requires 10 million active subscriptions of FSD.

Published

on

Credit: Tesla

Tesla has officially ended the option to purchase the Full Self-Driving suite outright, a move that was announced for the United States market in January by CEO Elon Musk.

The driver assistance suite is now exclusively available in the U.S. as a subscription, which is currently priced at $99 per month.

Tesla moved away from the outright purchase option in an effort to move more people to the subscription program, but there are concerns over its current price and the potential for it to rise.

In January, Musk announced that Tesla would remove the ability to purchase the suite outright for $8,000. This would give the vehicle Full Self-Driving for its entire lifespan, but Tesla intended to move away from it, for several reasons, one being that a tranche in the CEO’s pay package requires 10 million active subscriptions of FSD.

Although Tesla moved back the deadline in other countries, it has now taken effect in the U.S. on Sunday morning. Tesla updated its website to reflect this:

There are still some concerns regarding its price, as $99 per month is not where many consumers are hoping to see the subscription price stay.

Musk has said that as capabilities improve, the price will go up, but it seems unlikely that 10 million drivers will want to pay an extra $100 every month for the capability, even if it is extremely useful.

Instead, many owners and fans of the company are calling for Tesla to offer a different type of pricing platform. This includes a tiered-system that would let owners pick and choose the features they would want for varying prices, or even a daily, weekly, monthly, and annual pricing option, which would incentivize longer-term purchasing.

Although Musk and other Tesla are aware of FSD’s capabilities and state is is worth much more than its current price, there could be some merit in the idea of offering a price for Supervised FSD and another price for Unsupervised FSD when it becomes available.

Continue Reading

Elon Musk

Musk bankers looking to trim xAI debt after SpaceX merger: report

xAI has built up $18 billion in debt over the past few years, with some of this being attributed to the purchase of social media platform Twitter (now X) and the creation of the AI development company. A new financing deal would help trim some of the financial burden that is currently present ahead of the plan to take SpaceX public sometime this year.

Published

on

Credit: SpaceX

Elon Musk’s bankers are looking to trim the debt that xAI has taken on over the past few years, following the company’s merger with SpaceX, a new report from Bloomberg says.

xAI has built up $18 billion in debt over the past few years, with some of this being attributed to the purchase of social media platform Twitter (now X) and the creation of the AI development company. Bankers are trying to create some kind of financing plan that would trim “some of the heavy interest costs” that come with the debt.

The financing deal would help trim some of the financial burden that is currently present ahead of the plan to take SpaceX public sometime this year. Musk has essentially confirmed that SpaceX would be heading toward an IPO last month.

SpaceX IPO is coming, CEO Elon Musk confirms

The report indicates that Morgan Stanley is expected to take the leading role in any financing plan, citing people familiar with the matter. Morgan Stanley, along with Goldman Sachs, Bank of America, and JPMorgan Chase & Co., are all expected to be in the lineup of banks leading SpaceX’s potential IPO.

Since Musk acquired X, he has also had what Bloomberg says is a “mixed track record with debt markets.” Since purchasing X a few years ago with a $12.5 billion financing package, X pays “tens of millions in interest payments every month.”

That debt is held by Bank of America, Barclays, Mitsubishi, UFJ Financial, BNP Paribas SA, Mizuho, and Société Générale SA.

X merged with xAI last March, which brought the valuation to $45 billion, including the debt.

SpaceX announced the merger with xAI earlier this month, a major move in Musk’s plan to alleviate Earth of necessary data centers and replace them with orbital options that will be lower cost:

“In the long term, space-based AI is obviously the only way to scale. To harness even a millionth of our Sun’s energy would require over a million times more energy than our civilization currently uses! The only logical solution, therefore, is to transport these resource-intensive efforts to a location with vast power and space. I mean, space is called “space” for a reason.”

The merger has many advantages, but one of the most crucial is that it positions the now-merged companies to fund broader goals, fueled by revenue from the Starlink expansion, potential IPO, and AI-driven applications that could accelerate the development of lunar bases.

Continue Reading

News

Tesla pushes Full Self-Driving outright purchasing option back in one market

Tesla announced last month that it would eliminate the ability to purchase the Full Self-Driving software outright, instead opting for a subscription-only program, which will require users to pay monthly.

Published

on

Credit: Tesla

Tesla has pushed the opportunity to purchase the Full Self-Driving suite outright in one market: Australia.

The date remains February 14 in North America, but Tesla has pushed the date back to March 31, 2026, in Australia.

Tesla announced last month that it would eliminate the ability to purchase the Full Self-Driving software outright, instead opting for a subscription-only program, which will require users to pay monthly.

If you have already purchased the suite outright, you will not be required to subscribe once again, but once the outright purchase option is gone, drivers will be required to pay the monthly fee.

The reason for the adjustment is likely due to the short period of time the Full Self-Driving suite has been available in the country. In North America, it has been available for years.

Tesla hits major milestone with Full Self-Driving subscriptions

However, Tesla just launched it just last year in Australia.

Full Self-Driving is currently available in seven countries: the United States, Canada, China, Mexico, Australia, New Zealand, and South Korea.

The company has worked extensively for the past few years to launch the suite in Europe. It has not made it quite yet, but Tesla hopes to get it launched by the end of this year.

In North America, Tesla is only giving customers one more day to buy the suite outright before they will be committed to the subscription-based option for good.

The price is expected to go up as the capabilities improve, but there are no indications as to when Tesla will be doing that, nor what type of offering it plans to roll out for owners.

Continue Reading