Good morning, market mavens. Aimee Joiner here, ready to cut through the noise and deliver the hard data you need on Tesla and its orbit. While markets are taking a weekend breather, the news cycle certainly isn't.

FSD v14.3.7 Rolls Out with Smart Summon, NHTSA Probes Suspension

Tesla has pushed out FSD Supervised v14.3.7, dated August 1, 2026 Not a Tesla App. This update, available for HW4 vehicles including the Model S, 3, X, Y, and Cybertruck, brings several enhancements, most notably an improved "Actually Smart Summon" feature and a new "Camera Preview" Not a Tesla App. The core improvements stem from an upgraded Reinforcement Learning (RL) stage in the FSD neural network training, which promises better performance across a wider array of driving scenarios Not a Tesla App. Additionally, the neural network vision encoder has been enhanced, leading to superior understanding in challenging low-visibility situations, stronger 3D geometry comprehension, and expanded traffic sign recognition capabilities Not a Tesla App. This iterative advancement underscores Tesla's continuous effort to refine its autonomous driving capabilities, pushing the boundaries of what its software can perceive and react to in complex real-world environments.

In a separate but critical development, the National Highway Traffic Safety Administration (NHTSA) has launched an investigation into 1.2 million Tesla vehicles over potential suspension failure risks Not a Tesla App. This probe could have significant implications for Tesla's reputation and potential recall costs, depending on the findings. Meanwhile, a recent violent collision in Seattle saw a Model X split into two parts after contact with a Cadillac SUV and veering into a ditch Not a Tesla App. Remarkably, all occupants survived, and the vehicle did not catch fire, highlighting Tesla's structural safety engineering, though the incident did breach part of the rear passenger cabin Not a Tesla App.

SpaceX Secures Major Pentagon Contract, IPO Earnings Loom

Elon Musk's other venture, SpaceX, has landed a substantial $1.6 billion contract from the Space Force, covering 18 Falcon 9 missions from Vandenberg Space Force Base through the end of 2027 KeepTrack. These launches are designated to deploy satellites for critical Space Based Sensing and tracking programs, solidifying the military's increasing reliance on SpaceX's consistent launch cadence KeepTrack. This deal locks in a steady stream of activity for SpaceX's West Coast operations, signaling continued revenue growth for the recently public company.

Meanwhile, investors are keenly awaiting SpaceX's first public earnings report as SPCX, scheduled for August 4 fool.com. The market anticipates robust growth, with second-quarter revenues projected at $6.9 billion, a 68% year-over-year increase fool.com. Analysts are forecasting even more aggressive growth, with revenue expected to accelerate by 100% in both 2026 and 2027, potentially reaching $80 billion in 2027, up from $18.7 billion in 2025 fool.com. However, an IPO lockup period for insiders is set to expire on August 6, two days after the earnings report, which could introduce significant selling pressure and volatility for SPCX shares fool.com. SpaceX stock closed Friday at $108.37, down 3.41%, and is currently 44% off its highs fool.com.

Market Watch

TSLA closed Friday, July 31, 2026, at $311.21, marking a +0.76% change from the prior trading day. The stock's performance comes amidst recent earnings disappointments, with Simply Wall St highlighting concerns over Tesla's profit trajectory Simply Wall St News. The analysis points to significant shareholder dilution, with the number of shares on issue expanding by 22% over the last year Simply Wall St News. This dilution contributed to a steeper decline in Earnings Per Share (EPS), which fell 36% in the last year, compared to a 35% drop in net income Simply Wall St News.