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What to expect from Faraday Future’s Reveal Event on Jan. 3 at CES 2017
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Details for Faraday Future’s upcoming Reveal Event slated for January 3, on press day ahead of the public opening of CES 2017, are being made available by the company. The event will be held at The Pavilions located at the World Market Center: a semi-open convention space in Las Vegas that’s frequently used for trade shows and special events.
The Reveal Event will be live streamed from Faraday’s website beginning promptly at 6:00pm PST, but event attendees will be allowed entrance into the venue beginning at 5:00pm. Invited guests are asked to arrive early and provide sufficient time for parking and event registration. Self-parking is available in the lot between the main World Market Center building and The Pavilions, however Valet service will also be provided at the main entrance to the event.
Here’s a map of the venue.
We know that cocktails and hors d’oeuvres will be served before the event, but no additional details have been provided by Faraday Future. Based on past event photos obtained from the organizer assisting Faraday with their much anticipated Jan. 3 unveiling, it’s presumed that a stage will be set up along the tented space where the company will showcase a video presentation of its vision for the future, consisting of a subscription-based model for a range of vehicle types. A main center bar will also be made available within the covered space.
Guests of the event were asked to dress in business attire.
Faraday Future’s Reveal Event will also have an outdoor area where the company will demonstrate the capabilities of its fleet of vehicles on a closed course. Sources have told us that Faraday will present multiple vehicles that demonstrates the versatility of the company’s Variable Platform Architecture (VPA) which includes a long range and high performance version – the same vehicle seen beating Tesla’s flagship Model S P100D in a drag race – and a self-driving prototype that can be hailed via a mobile app.
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A teaser video released by Faraday Future on social media reveals that there is, in fact, several vehicle variations under wraps. All vehicles appear to have a Tesla-like dual camera set up mounted on the upper portion of the front windshield further validating that the vehicles will have some form of vision capability commonly used for autonomous driving. The lead vehicle in the photo below is seen with a LiDAR mounted on top, while the trailing vehicle replaces the traditional side mirror with a camera.
Here’s the teaser video provided by Faraday Future showing quick glimpses of its fleet of vehicles from the company’s Southern California-based headquarters. Faraday has not confirmed that all vehicles seen within the video will be unveiled at CES 2017, but we think it’s likely that the company will showcase the entire fleet on January 3.
Soon, the camouflage comes off. Watch the unveiling live at https://t.co/vPF6ewB0iK on Jan 3rd. #CES2017 #FirstForward pic.twitter.com/n1uDqVkDQl
— Faraday Future (@FaradayFuture) December 28, 2016
We’ll be providing exclusive photos and a behind the scenes look from Faraday Future’s Reveal Event on our Facebook page. Be sure to Like us to see a first-person perspective on what might be taking place at this mysterious electric vehicle startup, directly on your feed.
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In a new note to investors on Tuesday, Morgan Stanley analyst Andrew Percoco said that Tesla has one big financial question to answer for investors regarding its Robotaxi rollout, Full Self-Driving software, and Optimus.
Percoco said in the note that, for the most part, investors are still very positive about the direction the company is headed. However, there are some things the firm would like to see, and they have to do with financials.
Tesla (TSLA) Q2 2026 earnings results: miss on EPS, beat on revenue
Tesla bulls are more than convinced that the company’s Full Self-Driving software is proof it can develop physical AI. Financially, however, there are still some questions, especially on elevated spending, which CEO Elon Musk said would occur as the company works to roll out Robotaxi faster and continue developing its Optimus robot.
The latter two are where Tesla will have to prove progress to investors, as Percoco writes that both projects “will require clearer evidence that Robotaxi is scaling and more tangible Optimus proof points to support the ROI on elevated capex.”
Percoco said the second quarter earnings call did not change his long-term thesis of where Tesla is positioned in the AI race, which is out in front. However, there are concerns that weaker gross margins and higher R&D spend will stress financials, and that has “sharpened our (and investors’) focus on measurable progress across Robotaxi and Optimus.”
Additionally, Robotaxi still needs to be proven with more operation in existing cities while maintaining safety but improving how many rides it gives in any given time, he said. For Optimus, Percoco wrote that he is “still looking for evidence beyond commentary around SOP.”
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Morgan Stanley put Percoco in charge of covering Tesla after long-time analyst Adam Jonas transitioned to the automotive side.
Currently, Morgan Stanley has a $415 price target on Tesla and a ‘Hold’ rating on the stock. It is trading at around $330 at the time of publication, which was 2:30 P.M. on the East Coast.
SpaceX’s massive investment in AI will make it a big winner, Argus Research said after the company’s successful earnings call last week.
The firm also upgraded shares to a Buy from Hold and set a $160 price target.
SpaceX (NASDAQ: SPCX) is currently recovering from its heavy AI infrastructure investments, as it spent nearly $16 billion in Q2 alone. The company did this primarily by monetizing high-demand GPU compute capacity at a much faster pace than traditional data center economics would suggest.
Company CFO Bret Johnsen said that SpaceX would be able to pay back anything on new deployments within a year.
There are plenty of ways the company can do this:
Leasing excess compute capacity through contracts
SpaceX has already built Colossus and Colossus II, largely for its own model training. However, much of that capacity is already rented out to third parties. It already has major deals with Anthropic, Google, and Reflection AI. These partnerships are adding billions per month to SpaceX’s spreadsheet.
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High utilization driven by industry-wide scarcity
The demand for advanced AI training and inference capacity continues to exceed what is available for use. SpaceX can fill new racks quickly after they come online, so the capital deployed converts into revenue with minimal idle time.
Additionally, management and outside observers have described the new compute capital as behaving more like a cost-of-goods-sold than traditional multi-year capex, especially because of this rapid monetization pattern.
Capacity has already scaled from ~0.4 GW a year to 1.4 GW annually by the end of Q2. There are targets of more than 2 GW by year-end.
High incremental margins on the rental business once capacity is online
GPU cloud providers often operate at strong gross margins. SpaceX can monetize capacity that was already partially built or can be added efficiently. This means that incremental EBITDA margins on the rental revenue are usually high. This accelerates cash recovery relative to the gross capital outlay.
Parallel monetization of its own AI software and applications
Beyond pure infrastructure rental, SpaceX also generates revenue from Grok through subscriptions and usage, from X through ads, data, and other related services, enterprise APIs, and the planned integration of the Cursor coding tools acquisition.
These application layers ride on the same compute infrastructure and provide additional high-margin streams that could offset build-out costs. AI-segment revenue overall rose sharply to about $2.6 billion in Q2, according to Motley Fool. This was driven primarily by the infrastructure contracts, but the software side is also partially responsible.
Efficient, large-scale deployment and vertical integration advantages
SpaceX has emphasized the rapid construction of power and cooling infrastructure and favorable cost-per-megawatt economics relative to industry benchmarks in some disclosures.
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Combined with its ability to scale capacity aggressively and the fact that many contracts start generating revenue within months of capacity coming online, the effective payback compresses dramatically compared with more conventional multi-year data-center projects.
SpaceX’s dominant near-term recovery path will turn the AI clusters into a hyperscale-style compute rental business for other leading AI companies while still using a portion for internal models.
Tesla headlights have caused a recall of over 20,000 of the company’s two most popular vehicles, the Model 3 and Model Y, due to the low-beam bulb exceeding the maximum allowed intensity according to federal standards.
Tesla initiated the recall with the National Highway Traffic Safety Administration (NHTSA) this morning, stating that the low-beam output “exceeds the maximum allowed intensity in the outer upper-right and outer upper-left areas of the 10U and 90U zone, as prescribed in FMVSS No. 108.”
Tesla sourced the impacted headlights from Marelli Automotive Lighting, a Mexico-based company. The recall impacts 2020-2023 Model Y vehicles and 2017-2023 Model 3 vehicles. It is estimated that every VIN in this recall is impacted by the defect.
🚨 Tesla is recalling 20,349 2020-23 Model Y vehicles and 2017-23 Model 3 vehicles due to an excessively bright headlamp low beam.
Currently, there is no remedy plan in place, as it is still being developed. pic.twitter.com/y34cIO2U0B
— TESLARATI (@Teslarati) August 11, 2026
Typically, Tesla would remedy recalls of this nature through an Over-the-Air software update, which has been a major focus of criticism by the company and its supporters because the NHTSA still refers to it as a “recall,” even though it requires no action by the vehicle owner. The fix is shipped over the internet and downloaded to the car.
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However, there appears to be a potentially different solution for this problem. Tesla has not developed a remedy for this issue, so it could potentially be on the way. The big issue appears to be the fact that these recalled lamps are out of production, and this is an old body style for both vehicles. The headlights and front-end designs are completely different.
Tesla switched to another supplier when the affected headlight design was discontinued. It plans to begin notifying owners of their remedy options by September 15.
Tesla filed a petition protesting the recall to fix the vehicles’ headlight issue, but the NHTSA denied it. Now, Tesla will come up with a solution to fix it.
Tesla has one big financial question to answer for investors: Morgan Stanley
SpaceX AI investment gamble will make it a big winner, firm says
