News
Tesla’s 62-stall Supercharger project in Santa Monica gains new momentum
Tesla’s 62-stall V3 Supercharger project will be a topic of discussion at this evening’s Santa Monica City Council meeting. The site of 1401 and 1421-1425 Santa Monica Boulevard was originally the planned location of Tesla’s largest V3 Supercharging station in the world. However, an Emergency Interim Zone Ordinance delayed the project. A Santa Monica City Council agenda for the March 30th meeting shows there could be a reconsideration in the Emergency Ordinance for the two lots where Tesla planned to install 62 of its fastest electric car chargers. The ordinance temporarily reserved the area for affordable housing.
On March 4th, the Santa Monica City Council chose to approve the 62-stall Tesla Supercharging station. Just days later, the City Council included the two lots that Tesla had chosen in an Emergency Interim Zoning Ordinance that reserved the land for condos and apartments. It didn’t scrap the project completely, but it would delay the Supercharging facility for a minimum of 45 days and could be extended to two years. The March 9th meeting effectively reserved unoccupied lots for prospective housing development. Tesla’s lot fit the bill, and the project lost its momentum.
Tesla’s largest V3 Supercharger facility is coming to Santa Monica
Now, revisions have been made to the Santa Monica City Council’s plan, and new areas are being considered for the affordable housing push. According to the Agenda available on the Santa Monica City Council website, the updates will be discussed at tonight’s meeting.
Instead of having housing be introduced in previously chosen areas, the City Council is now considering new regions of Santa Monica. In particular, regions that have not been used for affordable housing in the past are being considered heavily. This bodes well for Tesla’s Supercharger project on Santa Monica Boulevard because some of the listed areas in the Update show that housing could be pushed further north, several blocks away from the planned area for the V3 Supercharger lot.
The Update says:
“In order to take steps towards addressing Santa Monica’s past history of housing segregation, the Commission supported introducing housing potential, particularly affordable housing, in areas that have historically not accommodated housing, such as Montana Avenue, the Office Campus zone, and Main Street, especially on city-owned properties such as surface parking lots.”
Montana Avenue runs nearly a mile north of Santa Monica Boulevard, just south of the wealthy Brentwood neighborhood. Main Street runs along the coastline of Santa Monica and is perpendicular to Santa Monica Boulevard. The Office Campus Zone is located in several different areas, and all are several miles East of Tesla’s proposed Supercharger location.
The highlighted areas are being considered for Affordable Housing locations. Tesla’s planned V3 Supercharger location is denoted by the Tesla logo and red dot. (Map: Santa Monica Community Development Department)
The City Council was also not supportive of introducing new housing potential in the Industrial Conservation Zone. This is denoted by the dark grey areas located about two blocks south of the planned Supercharger project. Several concerns, including historic racial inequities, existing overconcentration of affordable housing in proximity to the area, and “the need to ensure the City’s economic sustainability by retaining former industrial properties for businesses” make the area ideal for market-rate housing, but not affordable housing. Because of the Supercharger location’s proximity to the area, this bodes well for Tesla’s project, as affordable housing is already available in plentiful amounts and the City Council is more interested in moving housing opportunities to the highlighted areas.
The Update does mention that the “Commission was supportive of increasing housing potential on vacant parking lots associated with commercial uses,” but there are plenty of lots that fit those specifications in Santa Monica.
The Santa Monica City Council will hold a meeting tonight at 5:30 PM PST to discuss the new recommendations. The meeting could bring new momentum to Tesla’s Santa Monica Supercharger project if the area it has chosen is exempt from the Emergency Interim Zoning Ordinance.
The Update to the Santa Monica City Council’s Housing Recommendations is available below.
Santa Monica City Council Update by Joey Klender on Scribd
Elon Musk
Elon Musk hints Tesla investors will be rewarded heavily
“Hold onto your Tesla stock. It’s going to be worth a lot, I think. That’s my bet,” Musk said.
Elon Musk recently hinted that he believes Tesla investors will be rewarded heavily if they continue to hold onto their shares, and he reiterated that in a new interview that the company released on its social accounts this week.
Musk is one of the most successful CEOs in the modern era and has mammothed competitors on the Forbes Net Worth List over the past year as his holdings in his various companies have continued to swell.
Tesla investors, especially those who have been holding shares for several years, have also felt substantial gains in their portfolios. Over the past five years, the stock is up over 78 percent. Since February 2019, nearly seven years ago to the day, the stock is up over 1,800 percent.
Musk said in the interview:
“Hold onto your Tesla stock. It’s going to be worth a lot, I think. That’s my bet.”
Elon Musk in new interview: “Hold on to your $TSLA stock. It’s going to be worth a lot, I think. That’s my bet.” pic.twitter.com/cucirBuhq0
— Sawyer Merritt (@SawyerMerritt) February 26, 2026
It’s no secret Musk has been extremely bullish on his own companies, but Tesla in particular, because it is publicly traded.
However, the company has so many amazing projects that have an opportunity to revolutionize their respective industries. There is certainly a path to major growth on Wall Street for Tesla through its various future projects, including Optimus, Cybercab, Semi, and Unsupervised FSD.
- Optimus (Tesla’s humanoid robot): Musk has discussed its potential for tasks like childcare, walking dogs, or assisting elderly parents, positioning it as a massive long-term driver of company value.
- Cybercab (Tesla’s robotaxi/autonomous ride-hailing vehicle): a fully autonomous vehicle geared specifically for Tesla’s ride-sharing ambitions.
- Semi (Tesla’s electric truck, with mentions of expansion, like in Europe): brings Tesla into the commercial logistics sector.
- Unsupervised FSD (Full Self-Driving software achieving full autonomy without human supervision): turns every Tesla owner’s vehicle into a fully-autonomous vehicle upon release
These projects specifically are some of the highest-growth pillars Tesla has ever attempted to develop, especially in Musk’s eyes, as he has said Optimus will be the best-selling product of all-time.
Many analysts agree, but the bullish ones, like Cathie Wood of ARK Invest, are perhaps the one who believes Tesla has incredible potential on Wall Street, predicting a $2,600 price target for 2030, but this is not even including Optimus.
She told Bloomberg last March that she believes that the project will present a potential additive if Tesla can scale faster than anticipated.
Cybertruck
Tesla drops latest hint that new Cybertruck trim is selling like hotcakes
According to Tesla’s Online Design Studio, the new All-Wheel-Drive Cybertruck will now be delivered in April 2027. Earlier orders are still slated for early this Summer, but orders from here on forward are now officially pushed into next year:
Tesla’s new Cybertruck offering has had its delivery date pushed back once again. This is now the second time, and deliveries for the newest orders are now pushed well into 2027.
According to Tesla’s Online Design Studio, the new All-Wheel-Drive Cybertruck will now be delivered in April 2027. Earlier orders are still slated for early this Summer, but orders from here on forward are now officially pushed into next year:
🚨 Tesla has updated the $59,990 Cybertruck Dual Motor AWD’s estimated delivery date to April 2027.
First deliveries are still slated for June, but if you order it now, you’ll be waiting over a year.
Demand appears to be off the charts for the new Cybertruck and consumers are… pic.twitter.com/raDCCeC0zP
— TESLARATI (@Teslarati) February 26, 2026
Just three days ago, the initial delivery date of June 2026 was pushed back to early Fall, and now, that date has officially moved to April 2027.
The fact that Tesla has had to push back deliveries once again proves one of two things: either Tesla has slow production plans for the new Cybertruck trim, or demand is off the charts.
Judging by how Tesla is already planning to raise the price based on demand in just a few days, it seems like the company knows it is giving a tremendous deal on this spec of Cybertruck, and units are moving quickly.
That points more toward demand and not necessarily to slower production plans, but it is not confirmed.
Tesla Cybertruck’s newest trim will undergo massive change in ten days, Musk says
Tesla is set to hike the price on March 1, so tomorrow will be the final day to grab the new Cybertruck trim for just $59,990.
It features:
- Dual Motor AWD w/ est. 325 mi of range
- Powered tonneau cover
- Bed outlets (2x 120V + 1x 240V) & Powershare capability
- Coil springs w/ adaptive damping
- Heated first-row seats w/ textile material that is easy to clean
- Steer-by-wire & Four Wheel Steering
- 6’ x 4’ composite bed
- Towing capacity of up to 7,500 lbs
- Powered frunk
Interestingly, the price offering is fairly close to what Tesla unveiled back in late 2019.
Elon Musk
Elon Musk outlines plan for first Starship tower catch attempt
Musk confirmed that Starship V3 Ship 1 (SN1) is headed for ground tests and expressed strong confidence in the updated vehicle design.
Elon Musk has clarified when SpaceX will first attempt to catch Starship’s upper stage with its launch tower. The CEO’s update provides the clearest teaser yet for the spacecraft’s recovery roadmap.
Musk shared the details in recent posts on X. In his initial post, Musk confirmed that Starship V3 Ship 1 (SN1) is headed for ground tests and expressed strong confidence in the updated vehicle design.
“Starship V3 SN1 headed for ground tests. I am highly confident that the V3 design will achieve full reusability,” Musk wrote.
In a follow-up post, Musk addressed when SpaceX would attempt to catch the upper stage using the launch tower’s robotic arms.
“Should note that SpaceX will only try to catch the ship with the tower after two perfect soft landings in the ocean. The risk of the ship breaking up over land needs to be very low,” Musk clarified.
His remarks suggest that SpaceX is deliberately reducing risk before attempting a tower catch of Starship’s upper stage. Such a milestone would mark a major step towards the full reuse of the Starship system.
SpaceX is currently targeting the first Starship V3 flight of 2026 this coming March. The spacecraft’s V3 iteration is widely viewed as a key milestone in SpaceX’s long-term strategy to make Starship fully reusable.
Starship V3 features a number of key upgrades over its previous iterations. The vehicle is equipped with SpaceX’s Raptor V3 engines, which are designed to deliver significantly higher thrust than earlier versions while reducing cost and weight.
The V3 design is also expected to be optimized for manufacturability, a critical step if SpaceX intends to scale the spacecraft’s production toward frequent launches for Starlink, lunar missions, and eventually Mars.
Elon Musk hints Tesla investors will be rewarded heavily
Tesla drops latest hint that new Cybertruck trim is selling like hotcakes
