It’s been another eventful week for Tesla Inc. (NASDAQ:TSLA), with second-quarter earnings, expanding Full Self-Driving (FSD) adoption and growing speculation over a Space Exploration Technologies Corp. (NASDAQ:SPCX) tie-up dominating headlines. Here’s a quick recap of the major mobility stories that came in over the week.
Tesla Q2 Highlights
Tesla reported second-quarter revenue of $28.24 billion, beating estimates, though earnings of 33 cents per share missed the Street’s 50-cent consensus. The company hit $100 billion in trailing twelve-month revenue for the first time, with deliveries up 25% year-over-year and FSD subscriptions climbing 56% to 1.48 million. Tesla said Cybercab has begun production and Optimus Bot manufacturing lines are being installed ahead of output “soon.”
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Elon Musk Says Customers Aren’t Just Buying Teslas—They’re ‘Actually Buying…’
CEO Elon Musk said Full Self-Driving demand is surging in approved markets, with many customers now prioritizing FSD over the car itself, telling store staff they’ll take “whatever car it comes with.” Active FSD subscriptions hit 1.48 million in the second quarter, up 56% year-over-year. Musk also addressed swirling merger speculation with SpaceX, pointing to deepening collaboration on projects like Terafab.
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Waymo Eyes Uber Exit as Robotaxi Rivalry Heats Up
Alphabet Inc. (NASDAQ:GOOG) (NASDAQ:GOOGL)-backed Waymo is reportedly weighing an exit from its Uber Technologies Inc. (NYSE:UBER) partnership as the two increasingly compete and lobby for opposing state robotaxi policies. Waymo now operates more than 3,800 vehicles across 10 cities following a $16 billion raise in February at a $126 billion valuation. The rivalry underscores intensifying competition in the autonomous ride-hailing space as Tesla also pushes its own robotaxi ambitions.
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Elon Musk Says Traffic Will Get Worse With Robot Cars
Musk predicted that self-driving cars will actually worsen traffic since removing “the pain of driving yourself” will put more vehicles on the road. He reaffirmed that FSD will eventually remember individual user preferences, including preferred parking spots at regular destinations. The comments came as Tesla announced a production ramp at its Berlin Gigafactory ahead of second-quarter earnings.
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Tesla and SpaceX Merger? Prediction Market Says it Could Happen Before This Date
Asked directly about a Tesla-SpaceX merger on the earnings call, Musk cited “more and more overlap” between the companies but deferred details to legal process. Prediction market Kalshi shows bettors placing a 41% probability on a merger before March 1, 2027, rising to 45% by May 2027. Deepwater Asset Management’s Gene Munster raised his own odds of a tie-up to 90% following the call.
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Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
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