Tesla has rolled out a new round of price reductions across its S3XY lineup. The move echoes a similar strategy adopted by the company in the first quarter, which resulted in a wave of orders for its vehicle offerings across the globe.
As per Tesla’s online configurator in the United States, the Model S, Model 3, Model X, and Model Y received their own respective price cuts. And while the reductions in some vehicles like the Model 3 are pretty minor, other cars like the Model S and Model X saw more notable price adjustments.
Tesla’s Model S Dual Motor AWD, for example, saw a significant price drop from $89,990 to $84,990, a reduction of $5,000. The Model S Plaid, Tesla’s top-of-the-line performance sedan, also received a price reduction of $5,000, bringing its cost down from $109,990 to $104,990. At their current prices, the Model S has the potential to be the best bang-for-the-buck premium electric sedan, considering its performance and tech.
In the Model 3 lineup, the RWD variant saw a price adjustment from $42,990 to $41,990, a decrease of $1,000. The Model 3 Performance, known for being a track-capable sedan with its dedicated Track Mode, saw a price drop from $53,990 to $52,990. The price adjustments would likely broaden the appeal of the Model 3 to potential buyers and incentivize consumers to purchase the car ahead of Project Highland’s rollout.
Tesla’s Model X Dual Motor AWD, the company’s flagship SUV, had its price reduced from $99,990 to $94,990, a drop of $5,000. The Model X Plaid, the performance-oriented version of the vehicle, saw its cost reduced from $109,990 to $104,990. This price reduction may attract more buyers interested in an electric SUV that offers both exceptional performance and bleeding-edge tech.
The Model Y lineup saw its price get reduced by $2,000, with the apparent 4680 AWD variant now costing $49,990 from $51,990. The Model Y Long Range saw its price decrease from $54,990 to $52,990, and the Model Y Performance saw its price reduced from $58,990 to $56,990. These price reductions could make the Model Y even more appealing to potential buyers seeking an electric crossover with compelling features.
During the Q1 and FY 2022 Earnings Call, CEO Elon Musk and other Tesla executives noted that the aggressive price cuts in the first quarter resulted in increased demand for the company’s vehicle lineup. This new round of price reductions may have a relatively similar effect on demand this second quarter.
Tesla remains a dominant force in the EV sector. And as the company continues to refine its production processes and technology, the EV maker could implement further price reductions to strengthen its competitive advantage in the automotive sector. Overall, it would not be surprising if Tesla implements more price adjustments to its vehicles in the coming months, which could very well help the company reach its ambitious delivery goals this 2023.
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Elon Musk
FCC accepts SpaceX filing for 1 million orbital data center plan
The move formally places SpaceX’s “Orbital Data Center” concept into the FCC’s review process.
The Federal Communications Commission (FCC) has accepted SpaceX’s filing for a new non-geostationary orbit (NGSO) satellite system of up to one million spacecraft and has opened the proposal for public comment.
The move formally places SpaceX’s “Orbital Data Center” concept into the FCC’s review process, marking the first regulatory step for the ambitious space-based computing network.
FCC opens SpaceX’s proposal for comment
In a public notice, the FCC’s Space Bureau stated that it is accepting SpaceX’s application to deploy a new non-geostationary satellite system known as the “SpaceX Orbital Data Center system.” As per the filing, the system would consist of “up to one million satellites” operating at altitudes between 500 and 2,000 kilometers, using optical inter-satellite links for data transmission.
The FCC notice described the proposal as a long-term effort. SpaceX wrote that the system would represent the “first step towards becoming a Kardashev II-level civilization – one that can harness the Sun’s full power.” The satellites would rely heavily on high-bandwidth optical links and conduct telemetry, tracking, and command operations, with traffic routed through space-based laser networks before being sent to authorized ground stations.
FCC Chairman Brendan Carr highlighted the filing in a post on X, noting that the Commission is now seeking public comment on SpaceX’s proposal. Interested parties have until early March to submit comments.
What SpaceX is proposing to build
As per the FCC’s release, SpaceX’s orbital data center system would operate alongside its existing and planned Starlink constellations. The FCC notice noted that the proposed satellites may connect not only with others in the new system, but also with satellites in SpaceX’s first- and second-generation Starlink networks.
The filing also outlined several waiver requests, including exemptions from certain NGSO milestone and surety bond requirements, as well as flexibility in how orbital planes and communication beams are disclosed, as noted in a Benzinga report. SpaceX noted that these waivers are necessary to support the scale and architecture of the proposed system.
As noted in coverage of the filing, the proposal does not represent an immediate deployment plan, but rather a framework for future space-based computing infrastructure. SpaceX has discussed the idea of moving energy-intensive computing, such as AI workloads, into orbit, where continuous solar power and large physical scale could reduce constraints faced on Earth.
Elon Musk
Elon Musk’s Boring Company signs deal to begin Dubai Loop project
The project marks the Boring Company’s first tunneling project outside the United States.
Elon Musk’s Boring Company has signed a definitive agreement with Dubai’s Roads and Transport Authority to begin implementing the Dubai Loop.
The project marks the Boring Company’s first tunneling project outside the United States.
The Boring Company signs Dubai Loop agreement
The Boring Company signed a partnership agreement with Dubai Roads and Transport Authority on the sidelines of the World Governments Summit 2026 to start the implementation of the Dubai Loop, as per the tunneling startup in a blog post.
The agreement was signed on behalf of Dubai RTA by Mattar Al Tayer, director general and chairman of the Board of Executive Directors, and on behalf of The Boring Company by James Fitzgerald, the startup’s global vice president of business development. Senior officials from both organizations were present at the signing ceremony.
The Dubai Loop project is intended to improve passenger mobility in high-density urban areas through underground vehicle tunnels designed for faster construction and lower surface disruption than conventional transport systems.
Pilot route and project scope outlined
The first phase of the Dubai Loop will consist of a 4-mile (6.4 km) pilot route with four stations linking the Dubai International Financial Centre and Dubai Mall. The pilot phase is expected to pave the way for a full network extending up to 14 miles (22.5 km) with 19 stations connecting the Dubai World Trade Centre, the financial district, and Business Bay.
The tunnels will have a diameter of 12 feet (3.6 meters) and will be dedicated to vehicle transport. Construction will rely on tunneling methods designed to reduce costs and minimize disruption to existing infrastructure.
The pilot phase is estimated to cost about $154 million, with delivery expected roughly one year after design work and preparatory activities are completed. The full Dubai Loop network is projected to cost approximately $545 million and would take around three years to implement.
Capacity targets and next steps
Mattar Al Tayer shared his excitement about the project, stating that the Loop system will be a qualitative addition to the city’s transportation system. “The project represents a qualitative addition to Dubai’s transport ecosystem, as it enhances integration between different mobility modes and provides flexible and efficient first- and last-mile solutions.
“Studies have demonstrated the project’s efficiency in terms of capacity and operating costs, with the pilot route expected to serve around 13,000 passengers per day, while the full route is projected to have a total capacity of approximately 30,000 passengers per day,” he said.
Steve Davis, president of The Boring Company, highlighted that the partnership aims to deliver safe and efficient tunneling solutions aligned with Dubai’s long-term mobility strategy.
“We are proud to partner with the Roads and Transport Authority, one of the world’s leading entities in adopting innovative solutions in the transport sector. Through this partnership, we look forward to delivering advanced, safe, and highly efficient tunnelling solutions that support Dubai’s vision for sustainable and future mobility,” Davis stated.
Tesla executive Sendil Palani confirmed in a post on social media platform X that Full Self-Driving, despite being the most robust driver assistance program in the United States, still isn’t garnering any interest from lagging competitors.
Tesla has said on several occasions in the past that it has had discussions with a competing carmaker to license its Full Self-Driving suite. While it never confirmed which company it was, many pointed toward Ford as the one Tesla was holding dialogue with.
At the time, Ford CEO Jim Farley and Tesla CEO Elon Musk had a very cordial relationship.
Despite Tesla’s confirmation, which occurred during both the Q2 2023 and Q1 2024 Earnings Calls, no deal was ever reached. Whichever “major OEM” Tesla had talked to did not see the benefit. Even now, Tesla has not found that dance partner, despite leading every company in the U.S. in self-driving efforts by a considerable margin.
Elon Musk says Tesla Robotaxi launch will force companies to license Full Self-Driving
Palani seemed to confirm that Tesla still has not found any company that is remotely interested in licensing FSD, as he said on X that “despite our best efforts to share the technology,” the company has found that it “has not been proven to be easy.”
Licensing FSD has not proven to be easy, despite our best efforts to share the technology. https://t.co/VGYBU7Aduw
— Sendil Palani (@sendilpalani) February 3, 2026
The question came just after one Tesla fan on X asked whether Tesla would continue manufacturing vehicles.
Because Tesla continues to expand its lineup of Model Y, it has plans to build the Cybercab, and there is still an immediate need for passenger vehicles, there is no question that the company plans to continue scaling its production.
However, Palani’s response is interesting, especially considering that it was in response to the question of whether Tesla would keep building cars.
Perhaps if Tesla could license Full Self-Driving to enough companies for the right price, it could simply sell the suite to car companies that are building vehicles, eliminating the need for Tesla to build its own.
While it seems like a reach because of Tesla’s considerable fan base, which is one of the most loyal in the automotive industry, the company could eventually bail on manufacturing and gain an incredible valuation by simply unlocking self-driving for other manufacturers.
The big question regarding why Tesla can’t find another company to license FSD is simply, “Why?”
Do they think they can solve it themselves? Do they not find FSD as valuable or effective? Many of these same companies didn’t bat an eye when Tesla started developing EVs, only to find themselves years behind. This could be a continuing trend.
FCC accepts SpaceX filing for 1 million orbital data center plan
Elon Musk’s Boring Company signs deal to begin Dubai Loop project
