Welcome to the Tesla Space newsletter, our 128th issue.
Last week we told you the biggest IPO in history was about to land. It landed, and popped another 19% out of the gate. Then, four days later, SpaceX took some of that fresh stuff straight to the checkout.
Here's what's on the Tesla Space menu today:
SpaceX goes public and now at $2.7T, and a human just became a trillionaire
The Cybercab's real numbers leak, and one spec is a genuine surprise;
120 Cybercabs in Giga Texas;
Reuters writes a hit piece on Tesla FSD stats (and we show you how they’re wrong);
The Tesla Model 3 has been voted the UK's best car to own in a 100k-driver survey;
Tesla in EU goes FU;
SpaceX acquires Cursor for $60B
… and lots more. Enjoy!
— Jaan

TESLA SPACE 🤝 RISE ROBOTICS
The Electrification of Heavy Machinery Has a Ground Floor
Tesla did it to cars. Now the same shift is coming for excavators, forklifts, cranes, and military equipment. The difference is that nobody has owned this moment yet — until RISE Robotics.
Their technology strips hydraulics out of heavy machinery entirely and replaces it with a patented electric actuator. No fluid. Full digital control. Built for the autonomous machines that are coming whether the industry is ready or not. The Pentagon is already a customer.
Last Round Oversubscribed. $9.7M in revenue already on the board. Dylan Jovine of ‘Behind the Markets’ spotted it early. The Wefunder community round lets anyone invest alongside institutional backers.
First up, here’s our latest Tesla Space video: First Tesla Cybercab Features Revealed!
Done? Great, let’s get to the newsletter ↓
X OF THE WEEK

ROBOTAXI, FSD & CHIPS
🇺🇸 The Tesla Cybercab's numbers are finally public. A 2026 EPA certification filing has surfaced, laying out the two-seat robotaxi's powertrain, weight, and range for the first time.

The only front-wheel-drive Tesla, oddly enough.
Drive: Front-wheel drive (single front motor)
Motor: AC three-phase permanent magnet, 163 kW (219 hp)
Battery: Lithium-ion, 326 volts, around 48 kWh (estimated)
Curb weight: 3,113 lbs (1,412 kg)
For comparison, the next lightest Tesla is the Model 3 RWD at 3,757 lbsGVWR: 3,730 lbs (1,692 kg)
Equivalent all-electric range: 418 miles (673 km)
Highway range: 375 miles (604 km)
Regenerative braking: Front wheels (electrical)
Drivetrain: Single-speed automatic
Meanwhile… a record 120 Cybercabs spotted at Giga Texas today. And around 50 Cybercabs are now sitting in staging lot in Dallas, Texas, per this video.
Some of the new lot seems to come with the Cybercab decals we can also see from this image from Texas Department of Transportation Executive Director, from his tour of Giga Texas:

🇳🇿 Cybercab was just spotted on a trailer in… New Zealand? I wonder if it’s there for winter testing or a tour for showrooms. While a robotaxi service is in the cards in the future (FSD S already allowed in AU & NZ), it’s doubtful they’d try and roll out already,
🇹🇼 Tesla Taiwan has formally submitted its FSD application to the island's Vehicle Safety Certification Center (VSC), moving the system into Taiwan's official review process.
The filing flips FSD's status in Taiwan from "not yet registered" to formally under review. As of a June 10 discussion involving the Ministry of Transportation and Communications and the safety center, Tesla's FSD application was still in progress and not yet officially registered.

Taiwan's review clock starts ticking.
🇨🇿 The Czech Ministry of Transport has spelled out why Tesla owners in the country still cannot access FSD Supervised, even though Dutch regulator RDW has already given the system a provisional approval. Instead of recognizing the Dutch decision on its own, the Czech Ministry says it is holding out for a coordinated position at the EU level.
In making its case, the Ministry argued that the affected Tesla fleet is small, currently fewer than 300 cars. A Community Note on the Ministry's X post promptly corrected that figure, citing EU data that puts Tesla's registered fleet in Czechia at 8,642 cars by the end of 2024. All of these vehicles are HW4, which means they can access FSD Supervised's latest updates.

Reuters just published a hit-piece on Tesla saying it is misleading people with the FSD Safety stats Tesla released about the first 20M km in Netherlands. And we launched a whole article as rebuttal to Reuters, showing how they are intentionally trying to make Tesla look bad.
Additionally, now thanks to the article and some politics involved, the RDW, the Netherlands' vehicle authority, has published a step-by-step account of how it approved Tesla's FSD Supervised. Even Ashok commented on X: “It was indeed extremely rigorous.”
🇺🇸 Back to the US — Tesla is sending out this email to New Jersey Tesla owners, warning them that NJ could block autonomous vehicles, and to take action.
"Proposed legislation moving through Trenton right now would impose restrictions so severe that true driverless deployment would remain illegal. Your voice is critical to ensure New Jersey remains at the forefront of transportation innovation.”
You can take action here.
TESLA NEWS
🇬🇧 The Tesla Model 3 has been voted the UK's best car to own in Auto Express' 2026 Driver Power customer satisfaction survey, which compiled opinions from over 100,000 drivers across the country.
Model 3 scored 88.55% overall, taking nine category and sub-category wins and edging out the petrol and diesel-powered BMW 2 Series Coupe for the overall crown.

The Tesla Semi had a big week, with two fresh fleet deployments on opposite coasts.

🇺🇸 Best Transportation, a Port Newark drayage company, has completed a two-week demonstration of the Tesla Semi, folding the electric Class 8 truck into its everyday operations.
Over the two weeks, the company's drivers hauled fully loaded containers through the Port of NY/NJ, ran deliveries across the region, and returned empty containers to terminals, all on the Semi. Best Transportation says the trial is a step toward adding more zero-emission trucks to its fleet.
🇺🇸 ArcBest's less-than-truckload carrier ABF Freight has purchased two Tesla Semi trucks, following a successful pilot completed in 2025.
The Class 8 electric trucks will primarily run linehaul operations within California, with a planned extension into Reno, Nevada, and potentially other locations. That is a significant step up in lane coverage from the pilot, which focused mainly on the Reno to Sacramento corridor.
🇯🇵 The Tesla Model Y was Japan's No.1 most-registered imported car model for May 2026. The result marks the first time a Tesla model has topped the country's imported car sales charts.
Roughly 1,700 Model Y units were registered in Japan during the month, ahead of the BMW Group's MINI, the long-time foreign leader by model, which logged 1,282 units. The Model Y's ranking is based on data from the Japan Automobile Importers Association (JAIA).

A first: Tesla tops Japan's import chart.
🇬🇧 The Tesla Model 3 has been voted the UK's best car to own in Auto Express' 2026 Driver Power customer satisfaction survey, which compiled opinions from over 100,000 drivers across the country.
Model 3 scored 88.55% overall, taking nine category and sub-category wins and edging out the petrol and diesel-powered BMW 2 Series Coupe for the overall crown.

TESLA ENERGY

… we just had to
Tesla has set up its first Folding Unit (FU) Superchargers in Europe, the company's official charging team confirmed on X.
Tesla Charging noted that the units arrive "with telescopic light poles for easy transportation and fast on-site deployment." The company, however, did not disclose where Europe's first FU Supercharger is being set up.

Up to 16 stalls ship per truck, folded flat.
🇺🇸 Francis Energy has reached 100 Tesla Supercharger stalls commissioned across 17 sites in Oklahoma through the Tesla Superchargers for Business program.
This should push a lot of charging networks actually towards the program: Francis Energy says some of the upgraded Oklahoma sites are seeing 5x the utilization they saw before.

Seen in Owasso, OK
MUSKONOMY
SpaceX
IPO… done!
SpaceX went public at $135/share and $1.7T valuation. Largest IPO ever recorded.
SpaceX raised $85.7 billion in their IPO. Here’s the live coverage from NASDAQ on the opening bell, with Elon, Gwynne and others speaking.
Today, it trades at around $191.8/share which values the company at $2.52 trillion. Yes, that makes it the 6th most valuable public company in the world.


the top 6 in the world
By the way, every single eligible retail investor that put in a request for SpaceX IPO shares with Robinhood, Charles Schwab, Fidelity and SoFi was allocated at least one IPO share. But in total, the IPO was about 5x oversubscribed (meaning 5x more shares were requested than floated by the company).
Oh, and all this made Elon the world's first trillionaire. At least on paper.
To mark the day, SpaceX skipped the stock-chart victory lap and projected Starship up the side of a Manhattan skyscraper, Musk on the tower right next to it.

And yesterday, SpaceX went and sealed the deal with Cursor, acquiring it for $60B.

SpaceX & Tesla merger: Gwynne says she’s not focused on that:
SpaceX President Gwynne Shotwell said in an interview on a potential merger
"That might make Elon’s life a little easier. There’s no question that there are synergies between Tesla and SpaceX and in our futures definitely there’s a convergence of what we’re all trying to accomplish in the future, but right now I’m focused on keeping the lights on here, keeping rockets in production, flying rockets, flying people, and critically providing broadband that don’t have access to to that critical capability. I’m really focused on that. I’m not focused on that part of the future.”
Starlink shared it is connecting 100,000 students and 1,500 teachers in Malawi across 30 rural schools to online learning resources.

SpaceX shared this image with it
xAI Grok
Four days after ringing the bell, SpaceX went shopping with the fresh stock. On June 16 it signed a $60 billion all-stock deal to buy Anysphere, the maker of the AI coding tool Cursor, folding it into the xAI side of the house to hand Grok a real foothold in developer tools. It is the largest acquisition of an AI coding company on record, and is expected to close in Q3.
Build the rockets, fold in the AI, then buy the tool the engineers already live in all day. The flywheel keeps turning.
The Boring Company

“Prufrock-MB2 is ready to mine in Nashville! MB2 commissioning is complete, including the brief 11 rpm rotation shown here.
Will MB2 catch up to MB1, who had quite the head start?
And Prufrock-MB3 ships in August!”
Also, TBC showed a video of the material flow in tunneling in 3 geologies in 3 cities - Las Vegas clay/caliche, Nashville limestone, and Bastrop sandy clay

COMMUNITY CORNER
As always, our promise: the most value-packed and concise Tesla-related newsletter out there. How did we do?
FEEDBACK: What do you think of today's issue?
Thumbs-up ratio of 100% on last week's issue, not a single thumbs-down in sight. I'll take it! 🙏
Here are some of your comments:
Gigi said:
"Some info about the IPO I wasn't aware of."
— Great to hear we could surprise you there, Gigi!
John said:
"I subscribe to over a dozen Tesla-related websites and The Tesla Space is easily among the top 3; thank you!"
— An honor! What should we do to become the #1?
A said:
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— Thank you. It’s harder to write clearly than one would think! 🫡
J said:
"Lots of positives"
— We cover it all but luckily they do make it easy to be optimistic about the future
S said:
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KEEP UP THE GOOD WORK."
— S, this might be the kindest note in the whole inbox!
For the record, yes, Insiders get these newsletters completely ad-free, and Tesla-themed sponsors like the ones you mentioned are exactly the kind we go after when we can land them.
All that said, we’ll likely land on having one per issue, and make it as relevant as possible. Thanks for supporting us there!
See you next week for more,
— Jaan, Ted, and Sean.
PS, we'd like to thank all of our supporters on Patreon!
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