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Tesla and SpaceX are now worth over half a trillion dollars combined
With Tesla’s (NASDAQ:TSLA) rise on Thursday that saw the electric car maker end the day with a market cap of $473.259 billion, and amidst recent estimates from Wall Street suggesting that SpaceX is worth about $100 billion today, Elon Musk now stands as the CEO of two companies whose combined market cap stands at over half a trillion dollars. While impressive, it is pertinent to note that both companies are only getting started.
The milestone was acknowledged by Elon Musk himself on Twitter, who responded to a post shared by Box CEO Aaron Levie. In his tweet, Levie noted that Tesla and SpaceX’s half-a-trillion valuation today is proof that it’s possible to “transform earth and space travel at the same time.” Musk seemed quite excited in his response as well, responding with a short “Wild times!”
Tesla’s recent rally seems to be motivated in no small part by the EV maker’s upcoming addition to the S&P 500, one of the most notable benchmark indexes in the market. The company’s official addition to the S&P 500 came after Tesla posted five consecutive profitable quarters. This was despite the arrival of competing electric cars from established automakers, as well as the fact that the company still receives an immense amount of criticism from skeptics.
Nevertheless, Tesla has executed well on its plans this year, with the company still aiming to pursue its original goal of delivering 500,000 electric vehicles in 2020. Tesla seems to be on track to coming close, or perhaps even meeting, this ambitious goal, despite the fact that the world is still reeling from the ongoing pandemic. Tesla needs to deliver over 180,000 cars this Q4 to hit the 500,000-vehicle mark, and it appears that Elon Musk and his team intend to go full throttle with vehicle production and deliveries all the way to the end of the year.
Interestingly enough, even Elon Musk’s privately-owned space venture, SpaceX, has also caught the eye of Wall Street. Last month alone, estimates published by Morgan Stanley pointed to SpaceX having an estimated valuation of over $100 billion. Morgan Stanley listed several factors for its estimate, such as the company’s potential as an internet provider with its Starlink satellites, as well as its presence in the US launch market. “The pieces are coming together for SpaceX to create an economic and technology flywheel,” Morgan Stanley wrote.
What is remarkable is that both Tesla and SpaceX are nowhere near their respective endgames yet. Tesla’s mission is to accelerate the advent of sustainability. SpaceX, on the other hand, aims to turn humans into an interplanetary species. Both Tesla and SpaceX have taken significant steps towards their respective missions, but it’s evident that both companies are only getting started at this point. Needless to say, it appears that Tesla and SpaceX together could reach heights in the future that may very well be difficult to imagine today.
Disclaimer: I am long TSLA.
Tesla revealed a major new Cybercab detail in a guide it released for First Responders, showing new territory in its beliefs and intentions for the ride-hailing-focused vehicle that entered production in April.
The First Responders Guide is released to give fire departments, paramedics, and other emergency personnel the proper guidance on what to do in the event of an accident, entrapment, or other situation that would require immediate attention.
On one of the pages of the First Responders Guide, Tesla revealed a stark detail about the Cybercab, which could help personnel enter the vehicle more easily in case of an emergency.
Tesla Cybercab has one important piece that AI4 cars might need for FSD
It shows Tesla has no intention of releasing any Cybercab units that were initially proposed for ride-hailing services for the general public with any manual controls, meaning a steering wheel or pedals:
“A Cybercab equipped with steering wheel, brake pedal, and an acceleration pedal is typically an engineering or test vehicle, and operates at SAE Level 2 autonomy. Cybercab is not typically equipped with a steering wheel or acceleration and brake pedals.”
New official Cybercab documentation from Tesla:
“A Cybercab equipped with steering wheel, brake pedal, and an acceleration pedal is typically an engineering or test vehicle, and operates at SAE Level 2 autonomy. Cybercab is not typically equipped with a steering wheel or… https://t.co/P6ut1mZyzr pic.twitter.com/yq6skl9s2J
— Sawyer Merritt (@SawyerMerritt) June 27, 2026
This is a major development for those who continue to believe Tesla planned to release the Cybercab with any sort of manual controls so that passengers could take over if needed. However, when Tesla started manufacturing production versions of the Cybercab in Giga Texas earlier this year, they were spotted without a steering wheel or pedals.
It essentially confirms the company has no intentions of bringing manual controls to the car’s production versions. Some have argued that the likelihood of Tesla having something
There still are some Cybercab units out there with a steering wheel and pedals, and as Tesla said, these cars are engineering or test vehicles, which have Safety Monitors on board to help the car out of a precarious situation or emergency.
Tesla released the Full Self-Driving v14 ‘Lite’ suite to owners of Hardware 3 or AI3 vehicles today, adding several new features to the vehicles that were once believed to be capable of unsupervised self-driving.
Now, Tesla has released this modified suite to older Tesla vehicles, adding plenty of new features and capabilities.
Here are the full release notes for the suite:
- Distilled the intelligence from HW4 V14 into HW3. This allows HW3 to directly learn how to handle scenarios using HW4 V14 as a guide. This process unlocks the improvements that have been made to HW4 including Reinforcement Learning (RL) and offline models for HW3.
- Improved both proactive and reactive responsiveness across a wide variety of categories including navigation handling, merges and forks, pedestrian interactions, traffic lights, and vehicle cut-in scenarios.
- Improved general comfort in nominal scenarios through fewer false slowdowns, smoother steering and more consistent lane centering.
- Introduced parking, unparking, and reversing capabilities.
- Added Arrival Options for you to select where FSD should park: in a Parking Lot, on the Street, in a Driveway, or at the Curbside.
- Speed Profiles are now available at all times, to further customize driving style preference.
These improvements, according to Tesla’s Head of AI, Ashok Elluswamy, help distill the driving behavior from AI4’s v14 series into both the camera and compute configurations of AI3.
Tesla Full Self-Driving v14 ‘Lite’ for older cars finally gets released
He added:
“It includes destination options and speed profiles on city roads, but more importantly significantly improved safety. We hope you’ll enjoy it, once the build ships wide.”
FSD v14 Lite is now rolling out to AI3 early-access customers. Based on the feedback, will rollout to more customers over the next few weeks.
This build distills the driving behavior from AI4’s v14 series into both the camera and compute config of AI3. It includes destination…
— Ashok Elluswamy (@aelluswamy) June 29, 2026
Tesla will continue to roll out the v14 Lite suite more widely in the coming weeks, the company said.
Tesla has finally released its Full Self-Driving v14 ‘Lite’ suite for older cars that equip the Hardware 3 or AI 3 chip, which have not been able to handle the newest versions of the company’s driver assistance software.
Tesla officially started releasing the v14 Lite suite to owners in the Early Access Program last night. The company’s Head of AI, Ashok Elluswamy, said that the rollout will continue over the next few weeks. The build distills the driving behavior from AI4’s v14 series into both the camera and compute configurations of an AI3 car.
🚨 Tesla is releasing v14 Lite for AI3 owners who are in early-access
This will give AI3 cars the ability to experience new FSD features like parking preferences. https://t.co/pp6Q5FOKoz pic.twitter.com/tqexMB8SVy
— TESLARATI (@Teslarati) June 29, 2026
It also includes a variety of new features that were available to AI4 cars running v14, including:
- Start Self-Driving from Park
- Arrival and Parking Options
- Speed Profiles
The release is highly anticipated because those owners with AI3 vehicles were early adopters into the FSD platform and were promised that their cars would be capable of achieving Full Self-Driving.
However, Tesla CEO Elon Musk admitted during the company’s recent Q1 Earnings Call that these vehicles would not be capable of achieving unsupervised Full Self-Driving, which is what Tesla had originally said.
Owners were not pleased with this answer, or the idea that their commitment to buying the suite outright for thousands of dollars would not yield the ability to drive without operating the car. Tesla gave some solutions for this, including a discount on a new car, or an upgrade to an AI4 or AI5 self-driving computer and new, upgraded cameras.
Tesla owners do not seem pleased with these options, as they require giving the company more money.
Nevertheless, it is important to note that Tesla came through for owners here by releasing v14 Lite before the end of Q2, something it had promised owners during the previous Earnings Call. Tesla has had trouble keeping up with timelines, but this is a big achievement for the team.
Tesla reveals huge Cybercab detail in new guide for First Responders
Tesla Full Self-Driving v14 ‘Lite’ Release Notes: new capabilities and features
