Tesla čelí v New Jersey návrhu zákona, který by mohl zakázat její autonomní vozy. V Číně zároveň mírně získala podíl na trhu s elektromobily, přestože její maloobchodní prodeje meziročně klesly.
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Leaderboard Quarterly Scorecard Webinar Q&A Summary For Thursday, July 9, 2026 Tesla faces a new bill in New Jersey that could potentially ban its autonomous vehicles because of the method in which they operate. At the same time, on the other side of the world in China, Elon Musk's car company made slight gains in EV market share, despite a year-over-year decline in retail sales. Amid all this news, Tesla (TSLA)…
Tesla zaostává v rozjezdu robotaxi za vlastními termíny, což tlačí na odhad zisku a cash flow. Naopak dodávky ve 2. čtvrtletí přes 480 000 vozů výrazně překonaly odhad Wall Street.
With all the excitement around Space Exploration Technologies, or SpaceX, still fresh in investors' minds, it's understandable if Tesla (TSLA 2.18%) has somewhat faded from investor attention. However, that shouldn't detract from the fact that there's been news on the company recently, some of it good, some bad, and more to come in the near term.
First, the bad news on Tesla Tesla is behind schedule on its robotaxi rollout. While recognizing that the rollout is not entirely under the company's control, the reality is that investors key in on what management tells them. Unfortunately, Tesla is not a company known for underpromising and overdelivering, especially when it comes to the robotaxi rollout.
Image source: The Motley Fool.
Back on an earnings call in July 2025, CEO Elon Musk said, "I think we'll probably have autonomous ride-hailing in probably half the population of the U.S. by the end of the year." Furthermore, going back to the fourth-quarter earnings presentation in January, the company said the robotaxi "status" for seven cities was "H1 2026." That was later changed to "ramping unsupervised" for Dallas and Houston, and "preparations underway" for Phoenix, Miami, Orlando, Tampa, and Las Vegas.
Having passed the half-year mark, only Miami has been added to the list of cities with unsupervised robotaxis (and only in a limited section of Miami), after Dallas and Houston were added in the first quarter and Austin in the last quarter.
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Does it matter? Whichever way you look at it, Tesla is behind management's previous proclamations on timelines. This matters because investors pencil in the company's earnings and cash flows based on these projections, which then need to be pushed back when timelines are not met. As such, it's not surprising that Tesla's stock price is down 6.7% as of this writing in 2026.
Moreover, investors will need to be patient with robotaxi as Musk was clear in the last earnings call in April that "I think it's not going to make sense for us to deploy unsupervised FSD or robotaxi large scale when we know that there are major architectural improvements to the software that can improve safety," and this implies waiting for v15 of its full-self driving (FSD) software, which Musk expects "hopefully by the end of this year, but certainly by early next year."
Clearly, the key question regarding the robotaxi during the upcoming earnings call is the current status of v15 FSD.
Image source: Tesla.
Tesla's second-quarter delivery total of more than 480,000 blew away the Wall Street consensus of about 406,000. While the bears will be quick to remind the bulls that Tesla isn't a car company (a long-held bullish argument), the reality is that it is good news for Tesla.
Not only does it confirm that the company has moved past the Model Y refresh issue that slowed sales last year, but it also shows it's retaining its market position even as rivals are scaling back their EV plans after failing to gain market share.
Moreover, some back-of-the-envelope calculations show that the 74,000 extra units above Wall Street estimates (assuming an average revenue per unit of $43,000) will result in $3.18 billion in "extra revenue." Given that Tesla's operating cash flow margin was about 15.6% in 2025 and assuming the extra deliveries are capital-spending-neutral, this could result in $500 million in "extra" free cash flow.
That will help derisk Tesla's capital spending plans, which include $25 billion in 2026. As such, the good news on deliveries helps derisk the company's plans.
Tesla ve středu klesla o 2,2 % na 393,91 USD, protože investoři dál přehlížejí automobilový byznys a soustředí se na její dlouhodobé AI ambice. Akcie jsou letos zhruba o 10 % níže.
Tesla stock (TSLA) fell on Wednesday as investors continued to look past the electric-vehicle maker's core automotive business and instead focused on the company's long-term artificial intelligence ambitions.
Shares were down 2.2% at $393.91 in midday trading after falling 4% on Tuesday.
The S&P 500 declined 0.8%, while the Dow Jones Industrial Average lost 1.5%.
AI remains the primary focus for investorsDespite reporting stronger-than-expected second-quarter deliveries earlier this month, Tesla's shares have remained under pressure.
The company recently reported stronger-than-expected second-quarter deliveries, selling about 480,000 vehicles worldwide, roughly 70,000 more than Wall Street had projected and 25% higher than a year earlier.
Even so, Tesla shares have declined since the delivery report and remain down about 10% for the year.
Investors continue to place greater emphasis on Tesla's long-term AI strategy, particularly the expansion of its robotaxi network and development of its Optimus humanoid robot.
Tesla launched its AI-trained robotaxi service in Austin about a year ago and now operates across three states.
Investors are waiting for the autonomous ride-hailing business to begin generating meaningful revenue and earnings.
The company is also developing the third generation of its Optimus humanoid robot, another project viewed as central to Tesla's long-term growth story.
For many investors, progress in robotaxis and robotics is expected to have a greater impact on Tesla's valuation than incremental improvements in vehicle sales.
Separately, JPMorgan analyst Rajat Gupta said on Tuesday that a potential merger between Tesla and SpaceX appears "strategically coherent on paper" but would face significant regulatory and governance challenges.
According to Gupta, combining the two Elon Musk-led companies would unify leadership across businesses spanning artificial intelligence, robotics, transportation, energy, and space, while leveraging shared assets such as the Terafab semiconductor facility.
The analyst noted that SpaceX recently completed a record initial public offering that raised approximately $85 billion at $135 per share, valuing the company at around $2 trillion. Tesla's market capitalization is approximately $1.25 trillion.
Gupta said SpaceX's public listing provides valuable acquisition currency but identified several obstacles to any potential transaction.
He cited China as a major regulatory challenge because of SpaceX's US government and defense contracts alongside Tesla's extensive manufacturing operations in the country.
The analyst also highlighted governance concerns, noting that Musk controls roughly 85% of SpaceX's voting power but about 20% of Tesla's, potentially complicating any merger and raising dilution concerns for Tesla shareholders.
Gupta added that the size difference between the two companies could make the transaction resemble a SpaceX acquisition of Tesla rather than a merger of equals.
Even without a formal combination, the analyst said operational ties between the companies are already extensive through shared engineering talent, artificial intelligence infrastructure, and the Terafab facility in Texas.
Tesla (TSLA 2.93%) stock is down about 7% on the year and off more than 15% from its 52-week high, as of this writing. However, things could be looking up after a dose of good news to start the month.
First, the company announced that it had delivered 480,126 vehicles in the second quarter. This was well above the 406,000 deliveries expected by analysts, as compiled by StreetAccounts. That was also much higher than the approximately 384,000 vehicles it delivered in Q2 of last year. The outperformance appears to be largely driven by Europe, with Deutsche Bank forecasting a 40% increase in the region during the quarter. Cox Automotive, meanwhile, estimated that U.S. deliveries dropped 20%.
Image source: The Motley Fool.
After the Fourth of July holiday weekend, Tesla announced on social media platform X that its robotaxi services were now available in Miami. According to Electrek, these services are only available in a small zone, with no service in areas like downtown Miami, the airport, and most of Miami-Dade County.
The improvement in deliveries is good news for Tesla, as its primary electric vehicle business has been struggling. However, it is still facing headwinds in the U.S. (loss of the federal EV tax credit) and in China (fierce competition), and the uptick in Europe could have stemmed largely from higher gas prices following the closure of the Strait of Hormuz. Because of this, there is no guarantee that this uptick is sustainable, and it may be more of a one-off pickup in demand.
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Meanwhile, much of Tesla's valuation is still tied to its robotaxi ambitions. While it is encouraging that the company is expanding beyond Austin, the area it is operating in around the Miami area is still very geofenced. At the same time, the company's operations in Austin remain a work in progress, with Electrek reporting that it only has around 14 unsupervised robotaxis in operation, down from a peak of 25 vehicles.
The reason for the slow expansion appears to be safety concerns. The NHTSA (National Highway Traffic Safety Administration) has reported several crashes, while independent data points to Tesla's robotaxis having a crash rate almost four times that of human drivers. While Tesla's camera-only tech is cheaper and would give it a cost advantage, its safety record is worse than the records of competitors, such as Alphabet's Waymo, that use lidar.
With the stock trading at a forward price-to-earnings of nearly 200 times and still struggling with its robotaxi ambitions, I'd stay on the sidelines. However, I think a potential acquisition by SpaceX likely limits some of the downside in the stock.
JPMorgan považuje možnou fúzi Tesla a SpaceX za strategicky smysluplnou, ale kvůli regulačním a jurisdikčním překážkám, zejména v Číně, ponechává u TSLA doporučení Hold. Wall Street má na Tesla stále také konsenzus Hold.
Tesla stock NASDAQ:TSLA remained under pressure as Wall Street debated whether a future tie-up with SpaceX could reshape the company’s valuation story.
TSLA closed around $402.90, down over 4% on Tuesday and was red in pre-market trading on Wednesday.
The downward push came despite recent delivery data improving sentiment around the electric-vehicle maker.
The new debate is bigger than cars.
After SpaceX’s record $75 billion IPO at a $1.77 trillion valuation, investors are asking whether Elon Musk’s companies could eventually be folded into one broader AI, robotics, energy, transport and space platform.
JPMorgan is not dismissing the Tesla-SpaceX merger idea, but the firm is also not treating the possibility as a simple reason to buy Tesla stock.
JPMorgan analyst Rajat Gupta said a combination would be “strategically coherent on paper.”
The logic is easy to understand as Tesla brings electric vehicles, batteries, autonomy software and robotics.
SpaceX brings launch systems, Starlink, satellite infrastructure, space-based AI ambitions and deep government-linked aerospace capabilities.
Together, they would look less like two separate Musk companies and more like a single industrial technology platform.
The problem comes at execution stage as Gupta flagged substantial regulatory and jurisdictional hurdles, with China standing out as a key complication.
Tesla has major manufacturing and sales exposure in China, while SpaceX operates in sensitive areas such as satellites, defence-linked infrastructure and space communications.
That mix could make approvals politically difficult.
That is why the JPMorgan note reads more like an “interesting thesis” than a clean buy signal.
Gupta kept a Hold rating on Tesla, while Wall Street’s broader view also remains cautious, with a Hold consensus and an average price target of $399.71, slightly below recent trading levels.
The JPMorgan call gives bulls a new story to trade, but it also gives sceptics a fresh reason to worry about governance, regulation and execution risk.
RBC Capital Markets is taking a more constructive view.
RBC analyst Tom Narayan raised his Tesla price target to $500, incorporating a 25%-30% premium to current trading levels based on a potential SpaceX acquisition scenario.
Narayan’s argument is that closer collaboration between the two companies could unlock value across compute hardware, energy storage, AI training and large-scale infrastructure.
That gives investors a clear bull-versus-cautious split. RBC sees a possible valuation unlock, while JPMorgan sees strategic coherence, but also major complexity.
The analyst's logic may support the long-term “Musk ecosystem” bull case, but it clearly does not settle the buy-now debate.
For TSLA to look more compelling in July, investors need confirmation from Q2 earnings that Tesla’s core business, energy segment and AI ambitions are strengthening, not just another speculative merger angle.
In the latest close session, Tesla (TSLA - Free Report) was down 4.02% at $402.90. This move lagged the S&P 500's daily loss of 0.45%. Meanwhile, the Dow experienced a drop of 0.25%, and the technology-dominated Nasdaq saw a decrease of 1.16%.
The electric car maker's stock has climbed by 2.65% in the past month, falling short of the Auto-Tires-Trucks sector's gain of 5.02% and outpacing the S&P 500's gain of 2.14%.
The upcoming earnings release of Tesla will be of great interest to investors. The company's earnings report is expected on July 22, 2026. The company's upcoming EPS is projected at $0.46, signifying a 15.00% increase compared to the same quarter of the previous year. Meanwhile, the latest consensus estimate predicts the revenue to be $24.47 billion, indicating a 8.76% increase compared to the same quarter of the previous year.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $2.01 per share and revenue of $101.25 billion. These totals would mark changes of +21.08% and +6.77%, respectively, from last year.
It's also important for investors to be aware of any recent modifications to analyst estimates for Tesla. Such recent modifications usually signify the changing landscape of near-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has moved 2.14% higher. Currently, Tesla is carrying a Zacks Rank of #3 (Hold).
Digging into valuation, Tesla currently has a Forward P/E ratio of 208.52. This denotes a premium relative to the industry average Forward P/E of 18.85.
We can additionally observe that TSLA currently boasts a PEG ratio of 9.91. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. Automotive - Domestic stocks are, on average, holding a PEG ratio of 1 based on yesterday's closing prices.
The Automotive - Domestic industry is part of the Auto-Tires-Trucks sector. This industry, currently bearing a Zacks Industry Rank of 83, finds itself in the top 34% echelons of all 250+ industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.
Tesla uzavřela s Esyasoft dohodu až za 3 miliardy USD na dodávku více než 15 GWh bateriových úložišť v Británii, západní Evropě, GCC a Indii. Energetika se tak rýsuje jako druhý růstový motor firmy.
Tesla (NASDAQ:TSLA | TSLA Price Prediction) keeps proving that investors can become fixated on the wrong metric. Every quarterly delivery report sparks debate over electric vehicle demand, price cuts, and market share. Its recent expansion of the Cybercab robotaxi service into Miami only reinforced that narrative, with Morgan Stanley forecasting Tesla could operate a fleet of roughly 30,000 robotaxis by 2030.
Those developments matter, but they may not be the biggest reason to own the stock. While headlines remain centered on cars, Tesla has been quietly building another business that could benefit from one of the world’s largest investment themes: modernizing the electric grid.
Tesla’s EVs Still Grab the Spotlight Tesla recently delivered more vehicles than many analysts expected, easing concerns that slowing EV demand would pressure growth throughout 2026. The company’s rollout of its Cybercab robotaxi service into Miami also demonstrated that autonomous transportation remains a central part of Elon Musk’s long-term vision.
Yet, autonomous driving still faces regulatory hurdles, technology risks, and competitive pressure from rivals including Alphabet‘s (NASDAQ:GOOG) Waymo and other emerging players.
Investors, though, should look beyond the vehicles themselves. Whether Tesla sells EVs to individual drivers or deploys them in a ridesharing fleet, both businesses ultimately compete in mature transportation markets. The opportunity investors may be underestimating sits elsewhere.
tsla
Energy Storage is Becoming a Second Growth Engine Tesla’s first-quarter shareholder update showed energy storage deployments declined 15% year over year. At first glance, that looked like a warning sign, but management explained the decline reflected the timing of large utility-scale projects rather than weakening demand. Megapack installations are tied to customer construction schedules, permitting timelines, and grid connections. Unlike vehicle sales, these projects do not arrive evenly throughout the year.
That explanation already appears to be playing out. Tesla just announced a Megapack agreement with Esyasoft, an Indian digital platform for utility grid management and electrification. The deal is worth as much as $3 billion to deliver more than 15 gigawatt-hours (GWh) of battery energy storage systems across the U.K., Western Europe, the Gulf Cooperation Council, and India.
According to Tesla Energy & Charging Vice President Mike Snyder, Tesla’s vertically integrated approach allows the company to streamline projects from design through operation while accelerating deployment of modern grid infrastructure.
The deal also fits a much larger trend. According to Tesla observer Sawyer Merritt on X, more than $9 billion worth of new Tesla Megapack projects totaling over 43 GWh have been announced during the past six weeks. The Basenor blog also highlighted a growing list of recent Megapack wins spanning utilities and commercial customers across multiple continents.
Just this year, Tesla energy has:
Secured the first phase of a program with NatPower to build 25 GWh of storage across Italy and Britain, while targeting over 100 GWh over 20 years. Potential revenue could exceed $15 billion. xAI purchased an $269 million of Megapack product, for a total of over $1 billion worth since 2024. Signed an $80 million order with Belgium’s Energy Solutions Group for a 76 MW / 304 MWh system, with an eye toward a 2027 grid connection. That isn’t the pattern of a business losing momentum. It’s the pattern of one whose revenue arrives in waves.
The Grid May Be Tesla’s Largest Addressable Market Battery storage solves one of renewable energy’s biggest problems: balancing electricity supply when the sun isn’t shining or the wind isn’t blowing. Utilities worldwide are investing billions to strengthen aging grids while supporting AI data centers, electrification, and rising electricity demand. Tesla’s Megapack business sits squarely at that intersection.
Some investors continue to speculate that Tesla could eventually merge with SpaceX (NASDAQ:SPCX), creating another catalyst for the shares. Unless and until that happens, however, Tesla already has a powerful growth engine operating in plain sight.
Key Takeaway In short, Tesla’s EV business and robotaxi ambitions deserve attention, but they may no longer define the company’s largest long-term opportunity. Delivery numbers will continue moving the stock quarter to quarter, while Cybercab could reshape transportation over time. Yet the energy business is quietly building a multibillion-dollar backlog supported by global grid modernization.
Smart investors should keep watching vehicle deliveries, but they should pay even closer attention to Megapack orders. The numbers increasingly suggest Tesla is becoming as much an energy infrastructure company as it is an automaker.
Tesla v 1. čtvrtletí 2026 zvýšila tržby na 22,39 miliardy USD a EPS na 0,41 USD překonal odhad. Provozní zisk vyskočil o 135,84 % na 941 milionů USD a volný peněžní tok o 117,47 % na 1,444 miliardy USD.
The headline number cuts through the noise around Tesla (NASDAQ:TSLA | TSLA Price Prediction) faster than any product roadmap can. It is the price tag investors have chosen to hang on the entire enterprise, and Q1 finally gave the bulls a fresh reason to defend it.
The Number Tesla’s market capitalization sits at roughly $1.48 trillion as of July 2, 2026, built on 3.76 billion shares outstanding and a trailing P/E of 383. That valuation is what makes the $500 billion question so sharp: how much of this trillion-dollar-plus market cap is priced for a car company, and how much is being paid up front for AI, robotics, and autonomy that has yet to show up on the income statement?
What It Means On the surface, Tesla’s multiple looks stretched against the fundamentals. Full-year 2025 revenue came in at $94.83 billion, down 2.93% year over year, with net income of $3.794 billion after a 46.79% annual decline. Return on equity is 4.89%, gross margin is 18.03%, and the PEG ratio of 6.23 sits well above the 1.0 line typically used as a fair-value marker.
I think tesla’s Q1 2026 quarter changed the arithmetic of the argument. The company’s revenue rebounded to $22.39 billion, up 15.78% year over year. EPS came in at $0.41, topping consensus expectations by 14.14%. Automotive gross margin expanded to 21.1% from 16.2%. Operating income jumped 135.84% to $941 million, and free cash flow rose 117.47% to $1.444 billion. Cash on the balance sheet climbed to $44.743 billion, up 173.62% from a year earlier.
Market Reaction The stock has not confirmed the fundamental turn. Shares closed at $393.45 on July 2, 2026, down 7.49% on the day, down 12.51% year to date, and down 7.15% over the past month. Over one year, however, shares are still up 24.65%, and over ten years, up 2,625.98%.
Bull Case The bull argument for Tesla now rests on three data points that showed up together for the first time in a year. Margin expansion is real, with 490 basis points of automotive gross margin recovery in a single quarter. Operating leverage is returning, with 136% operating income growth on 15.78% revenue growth is the definition of an inflection. And the company’s software lineup is starting to matter, as Tesla’s Services & Other revenue reached $3.745 billion, up 42% year over year, powered by 1.28 million active FSD subscriptions, up 51% year over year.
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The forward pipeline adds ballast. Management placed Cybercab, Tesla Semi, and Megapack 3 on schedule for volume production in 2026, and confirmed Optimus production lines are being installed at Fremont and Gigafactory Texas. On Tesla’s Q1 call, Elon Musk said unsupervised FSD revenue “will be material probably in a significant way next year” and described Optimus as “probably the biggest product ever”. CFO Vaibhav Taneja set 2026 capital expenditure at over $25 billion.
Notably, analyst consensus target price sits at $421.16, with 23 Buy, 18 Hold, and 6 Sell ratings.
Bottom Line For long-term holders, Q1 2026 is the first quarter in the last four where growth, margin, and cash flow moved in the same direction. That does not resolve the valuation debate at a forward P/E of 217 against a 4.48% ten-year Treasury yield, and prediction markets remain skeptical on the near-term catalysts, pricing a California robotaxi launch at 22% and Optimus release by year-end at 10%.
The bull case is that the trillion-dollar tag stops being a question and starts being an base once software, energy, and robotics revenue compound on top of an auto business whose margins just found their footing. The next reading arrives with the Q2 report, and after Q1, the bar has shifted from whether Tesla can grow to whether it can keep doing it.
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Tesla vzrostla asi o 3 % po rozšíření služby robotaxi do Miami, což podpořily i lepší, než se čekalo, dodávky za 2. čtvrtletí. Firma dodala 480 126 globálních vozů, meziročně o 25 % více.
Tesla stock TSLA rose on Monday, recovering some of last week's sharp losses after investors sold the stock despite a stronger-than-expected second-quarter delivery report.
The rebound came as the electric-vehicle maker expanded its robotaxi service to Miami, adding another city to its autonomous ride-hailing network.
Shares of Tesla climbed about 3% to $405.11 in early trading.
The move was also supported by broader market optimism, with the S&P 500 up 0.6% and the Nasdaq climbing around 1%.
The stock gained after Tesla announced that its robotaxi service became available in Miami from July 3, extending the company's autonomous ride-hailing footprint beyond Texas.
The expansion makes Florida the third state where Tesla's robotaxi operations are available.
The company launched its robotaxi service in Austin about a year ago and has since expanded to additional Texas cities. Tesla also operates a rideshare service in San Francisco.
The rollout forms part of Chief Executive Officer Elon Musk's broader strategy to position artificial intelligence, autonomous driving, and robotics as Tesla's next major growth engines.
Investors have closely watched the pace of Tesla's robotaxi expansion, although the rollout has remained gradual as the company prioritizes safety.
Tesla has said it does not expect robotaxis to become a meaningful contributor to revenue and earnings until at least 2027.
Sentiment has also improved following Tesla's second-quarter delivery report, which exceeded Wall Street expectations.
Tesla reported 480,126 global vehicle deliveries during the quarter, representing a 25% increase from a year earlier.
The company also reported that energy deployments rose 41%, extending the momentum of a business that has grown rapidly even as vehicle demand has fluctuated.
The second-quarter performance followed a 6.3% year-over-year increase in deliveries during the first quarter.
Gary Black, managing director of The Future Fund, said in a post on X that he expects Tesla shares to recover further as analysts revise their earnings forecasts.
"I expect TSLA stock to rebound this week as the sell-side climbs over one another to increase 2Q and FY'26 earnings ests," Black said, adding that higher earnings projections "could boost TSLA price targets."
Black nevertheless argued that Tesla's valuation remains demanding.
He said the stock trades at a 2026 price-to-earnings multiple of more than 200 times despite expected long-term earnings-per-share growth of roughly 35% between 2027 and 2032.
According to Black, that "continues to suggest TSLA is fully priced."
He also suggested that higher gasoline prices during the quarter may have contributed more to stronger vehicle demand than growing enthusiasm around autonomous driving.
Analysts maintain constructive outlookMorgan Stanley analyst Andrew Percoco said Tesla's second-quarter deliveries exceeded sell-side consensus estimates by 18% and represented the company's strongest vehicle growth since the third quarter of 2023.
The firm maintained its Equal Weight rating and a $415 price target.
Separately, Baird reiterated its Outperform rating and $522 price target after Tesla's second-quarter results surpassed both the firm's own forecasts and broader consensus expectations.
Baird also highlighted Tesla's energy storage business, noting that deployments reached 13.5 gigawatt-hours during the quarter, up approximately 41% year over year.
While acknowledging that energy deployments can be uneven from quarter to quarter, the firm described the results as a positive development and said its constructive outlook on Tesla remains unchanged.
Tesla is scheduled to report its full second-quarter financial results after the market closes on July 22.
By all accounts, the stock should be up. Deliveries and production of its electric vehicles (EVs) were both up sequentially and year over year, handily topping analysts' expectations.
Yet Tesla (TSLA 7.35%) shares tumbled on Thursday after its report showed it delivered 480,126 EVs during the three months ending in June while also manufacturing 451,758 automobiles. Most analysts were only looking for deliveries of a little over 400,000.
Data source: Tesla. Chart by author.
Importantly, strong deliveries cleared out Q1's concerning inventory buildup. The strong numbers confirm that the company can not only consistently make automobiles in large numbers but also that its brand still enjoys a certain marketability cache. It just wasn't enough to satisfy investors.
But there's more to the story.
Several stumbling blocks, all of which may have tripped the stock up There are a handful of theories about this stock's setback. And all of them are reasonable. All of them may have contributed to the sell-off, too.
The prevailing explanation is that American automakers Ford Motor Company and General Motors both suffered severe drop-offs in their U.S. electric vehicle businesses in Q2, which has obvious bearish implications for Tesla as well.
Image source: Getty Images.
It's not necessarily doing as well as it seemingly should be overseas, either. Although the company doesn't divulge regional unit data, the China Passenger Car Association reports that over half of Tesla's Q2 deliveries were made in China, where Tesla is doing well but not as well as its top EV rival BYD (BYDDY +3.68%). BYD delivered nearly 400,000 new-energy vehicles within China in June alone, versus only 89,091 Tesla-made EVs. Moreover, after a catastrophic drop in BYD's global deliveries in Q1 -- to levels below Tesla's -- the Chinese company bounced back last quarter, delivering a Tesla-beating 557,090 units worldwide.
Then there's the simple possibility that this is nothing more than a "buy the rumor, sell the news" event, where good news is already priced into a stock. Once the news is reported, there's nothing else new to price in. The next move from that ticker's recent buyers is an exit. To this end, Tesla shares had rallied 12% in just the three days leading up to Thursday's report, setting the stage for profit-taking.
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Or, maybe investors were simply trying to clean up their portfolios before U.S. exchanges closed for a three-day holiday weekend.
Don't overthink it Regardless of the reason, Thursday's sizable sell-off doesn't necessarily mean much and certainly doesn't change the stock's overarching investment thesis. Tesla has always been a volatile ticker, pushed and pulled by an ever-changing global EV market, energy storage market, and soon, the AI robot market. You own this name for the long haul because it's a leading brand and has the greatest potential to capitalize on these industries' ongoing growth. That's also why you pay a premium for it.
To this end, all the post-report noise and chatter aside, Tesla's second-quarter delivery and production numbers are precisely the sort of progress and resiliency the bulls want to see ... at least on the EV front.
A Tesla Robotaxi vehicle with a safety monitor employee in the passenger seat drives through traffic in Austin, Texas, U.S., February 13, 2026. REUTERS/Evan Garcia/File Photo Purchase Licensing Rights, opens new tab
CompaniesJuly 3 (Reuters) - Tesla (TSLA.O), opens new tab said on Friday its robotaxi was available in Miami, as the electric vehicle maker looks to expand its autonomous ride-hailing operations.
The expansion highlights Tesla's efforts to increase adoption of its self-driving software, a version of which it uses in the robotaxis and a key part of CEO Elon Musk's shift from EVs to AI and robotics.
Stay up to date with the latest news, trends and innovations that are driving the global automotive industry with the Reuters Auto File newsletter. Sign up here.
"Robotaxi now available in Miami," Tesla's official robotaxi account said in a post on X.
Tesla's move comes as the robotaxi sector gains momentum, with competitors such as Alphabet's (GOOGL.O), opens new tab Waymo and Amazon's (AMZN.O), opens new tab Zoox accelerating their expansion efforts.
Tesla launched its unsupervised robotaxi service in Austin, Texas, in June, after announcing in April plans to expand the offering to Dallas and Houston.
Musk said in May he expects fully self-driving cars without human safety monitors to become more widespread in the U.S. later this year.
On Thursday, Tesla posted record-setting second-quarter deliveries that beat Wall Street estimates, led by a rebound in Europe.
Reporting by Koyena Das in Bengaluru Editing by Rod Nickel
Our Standards: The Thomson Reuters Trust Principles., opens new tab
Tesla v USA uvedla šestisedadlový Model Y L s prodlouženým rozvorem, aby podpořila prodeje po zrušení klíčové daňové pobídky. Cena startuje na 61 990 USD.
The logo of Tesla is seen on a Tesla car in Brussels, Belgium April 24, 2025. REUTERS/Yves Herman Purchase Licensing Rights, opens new tab
CompaniesJuly 2 (Reuters) - Tesla (TSLA.O), opens new tab on Thursday launched a six-seater long wheelbase version of its best-selling Model Y SUV in the U.S., aiming to boost sales of its electric vehicles after the removal of a key tax credit.
Prices of the launch version start from $61,990 in the U.S., according to Tesla's website.
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The EV maker said its Model Y with extended wheelbase is now also available in the United Arab Emirates, in a separate post on social media platform X.
Instead of launching new models, Tesla has been introducing different variants of the Model Y and its Model 3 compact sedan to stoke demand.
The company rolled out the longer version — called Model Y L — in China last year, which drove sales in the region despite stiff competition from BYD (002594.SZ), opens new tab and other domestic automakers.
It later expanded the sale of the model to other Asia-Pacific markets. The three-row model, which offers 325 miles of range, is expected to help revive some demand in the U.S. after a slowdown due to the removal of a federal tax credit last year.
Tesla on Thursday posted record-setting second-quarter delivery numbers that smashed past Wall Street estimates, led by a rebound in Europe, feeding hopes that in 2026 the EV maker can end its two-year streak of annual declines.
Reporting by Jaspreet Singh in Bengaluru and Abhirup Roy in San Francisco; Editing by Sahal Muhammed
Our Standards: The Thomson Reuters Trust Principles., opens new tab
Key Takeaways Tesla reported substantially more second-quarter deliveries than Wall Street expected, likely a partial reflection of EV demand pushed higher by high U.S. gas prices amid the U.S.-Iran conflict.Rivian also topped its own second-quarter projections, and lifted its full-year guidance.Shares of Tesla tumbled Thursday morning, while Rivian stock jumped more than 10%. Tesla's deliveries delivered today.
Elon Musk's EV company on Thursday morning said second-quarter deliveries came in above 480,000, substantially topping both Visible Alpha's average of Wall Street analysts' expectations and an average compiled by the company.1
That data—along with news that Rivian (RIVN) said its own Q2 deliveries came in higher than it expected, leading it to lift its full-year guidance—may in part reflect an uptick in EV demand driven by gas prices that were pushed higher by the U.S.-Iran conflict.2 Shares of Rivian were recently up 11%, while Tesla (TSLA) was off more than 6% in early Thursday trading.
Why This Matters to Your Money High gas prices can affect consumer behavior in a number of ways, including restraining other types of spending and sending drivers to the fuel pump more frequently for less gas. Data from the second quarter indicated that they may also have driven car buyers to EVs as they sought relief.
The average price of a gallon of regular unleaded, recently a bit above $3.80 according to AAA data, is down from a month ago but well above year-earlier levels.3 (Here's Investopedia's take on what to expect from gas prices over the balance of 2026.)
Some market experts think gas prices might have had little effect on second-quarter buying habits. "Although there is a tremendous amount of economic and policy uncertainty these days, the new-vehicle market seems to be relatively unfazed," Cox Automotive said last month. 4
Tesla shares had an interesting first half to 2026. They rose about 13% in the second quarter, slightly underperforming the S&P 500, but they were down for the year while the benchmark index rose nearly 10%. More broadly, the Magnificent 7 group of stocks, of which Tesla is a member, retreated over the first six months of the year, reflecting some unease about the health of the Big Tech rally.
CEO Elon Musk has sought to retrain investors from thinking of Tesla as an EV company, encouraging focus on emerging lines of business such as autonomous vehicles, artificial intelligence and robots. Some market watchers, meanwhile, believe the company's long-term future is as a division of SpaceX (SPCX), which Musk brought to public markets last month. Both companies are among the world's most valuable.
Shares of SpaceX, meanwhile, were up about 1% Thursday morning at $159. They're holding above the $150 price at which they started trading on IPO day three weeks ago; earlier this week, the company picked up fresh Wall Street analyst coverage, with Wedbush setting a $190 price target on the shares. That's well above recent levels, but below the stock's post-IPO highs.
Employees work at the Tesla Gigafactory during a government-organised media trip in Shanghai, China, April 14, 2026. REUTERS/Go Nakamura Purchase Licensing Rights, opens new tab
CompaniesBEIJING, July 2 (Reuters) - Tesla's (TSLA.O), opens new tab China-made electric vehicle sales rose for an eighth month in June, supported by an extended recovery in the U.S. automaker's European sales.
Deliveries of Model 3 and Model Y vehicles made in its Shanghai plant, which is also an export hub for Europe, grew 24.4% from a year earlier to 89,091 units, data from the China Passenger Car Association showed on Thursday. The increase followed a 39.4% gain in May.
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For the second quarter, Tesla's combined China sales and exports from the Shanghai factory were up 32.8% year-on-year.
Later on Thursday, the EV specialist is expected to report a 5% year-over-year increase in global vehicle deliveries to 402,780 vehicles over the past quarter, buoyed by stronger demand in Europe where a spike in fuel prices following the U.S.-Israel conflict with Iran has prompted more consumers to turn to EVs.
The recovery in Europe and resilient demand in China are expected to help offset declining sales in North America.
Even so, the results could leave the door for its biggest Chinese rival, BYD (002594.SZ), opens new tab, to retake the title of the world's top EV seller after briefly ceding it to Tesla in the first quarter.
BYD, which posted a second consecutive month of sales growth in June, sold 557,090 battery-electric vehicles globally in the second quarter, underlining the strength of its overseas expansion, particularly in Europe, as it seeks to diversify beyond China's fiercely competitive domestic market.
Reporting by Qiaoyi Li, Zhang Yan and Ju-min Park; editing by Barbara Lewis and Louise Heavens
Our Standards: The Thomson Reuters Trust Principles., opens new tab
AUSTIN, Texas--(BUSINESS WIRE)--In the second quarter, we produced over 450,000 vehicles, delivered over 480,000 vehicles and deployed 13.5 GWh of energy storage products.
Thank you to all of our customers, employees, suppliers, shareholders and supporters who helped us achieve these results.
Q2 2026
Production
Deliveries
Subject to operating lease accounting
Model 3/Y
442,936
467,762
2%
Other Models
8,822
12,364
2%
Total
451,758
480,126
2%
Tesla will post its financial results for the second quarter of 2026 after market close on Wednesday, July 22, 2026. At that time, Tesla will issue a brief advisory containing a link to the Q2 2026 update, which will be available on Tesla’s Investor Relations website. Tesla management will hold a live question and answer webcast that day at 4:30 p.m. Central Time (5:30 p.m. Eastern Time) to discuss the Company’s financial and business results and outlook.
What: Tesla Q2 2026 Financial Results and Q&A Webcast
When: Wednesday, July 22, 2026
Time: 4:30 p.m. Central Time / 5:30 p.m. Eastern Time
Q2 2026 Update: https://ir.tesla.com
Webcast: https://ir.tesla.com (live and replay)
Approximately two hours after the Q&A session, an archived version of the webcast will be available on the Company’s website.
For additional information, please visit https://ir.tesla.com.
Our net income and cash flow results will be announced along with the rest of our financial performance when we announce Q2 earnings. Tesla vehicle deliveries and storage deployments represent only two measures of the Company’s financial performance and should not be relied on as an indicator of quarterly financial results, which depend on a variety of factors, including average selling price, cost of sales, foreign exchange movements and others as to be disclosed in the 10-Q for the quarter ended on June 30, 2026.
Americký úřad NHTSA uzavřel vyšetřování 695 000 vozů Tesla kvůli nečekanému zpomalování. Uvedl nízké riziko a prudký pokles hlášení po softwarové aktualizaci.
Tesla Model 3 vehicles are shown for sale at a Tesla facility in Long Beach, California, U.S., May 22, 2023. REUTERS/Mike Blake Purchase Licensing Rights, opens new tab
CompaniesJuly 2 (Reuters) - The U.S. National Highway Traffic Safety Administration (NHTSA) on Thursday said it had closed its 2022 preliminary evaluation into 695,000 Tesla (TSLA.O), opens new tab vehicles over unexpected deceleration, citing low demonstrated hazard to drivers and a substantial drop in incidents.
Here are a few details:
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The investigation covered Model 3 and Model Y vehicles.
NHTSA said that Tesla had released software updates in early 2022 to target unexpected deceleration.
Incident reports declined to 45 in 2024, 19 in 2025, and three since the start of 2026, according to the auto safety regulator. There were 300 such reports when the investigation was opened.
The regulator said the reported conditions did not alter the vehicle’s lateral positioning in their lanes and did not cause significant loss in distance between the subject and following vehicle to lead to a collision.
Last week, NHTSA had separately closed an expanded probe covering an estimated 376,241 Model 3 and Model Y vehicles over loss of steering control.
Reporting by Disha Mishra in Bengaluru; Editing by Nivedita Bhattacharjee
Our Standards: The Thomson Reuters Trust Principles., opens new tab
Tesla před čtvrteční čtvrtletní zprávou o dodávkách vzrostla asi o 2 %. Náladu podpořily lepší registrace vozů v Evropě, včetně růstu ve Francii, Dánsku, Švédsku a Španělsku.
Tesla stock TSLA rose on Wednesday as investors positioned ahead of the electric-vehicle maker's closely watched second-quarter delivery report.
Improving European sales data supported sentiment on Wednesday despite broader weakness across technology stocks.
Shares of Tesla gained in early trading even as much of the technology sector moved lower. The stock was up around 2%.
The broader market was mixed. The Nasdaq Composite fell 0.4%, while the S&P 500 slipped 0.1%. The Dow Jones Industrial Average rose 88 points.
Technology stocks were under pressure, with Micron falling 6%, Sandisk dropping 8%, Nvidia losing roughly 2%, and Broadcom declining about 1%. SpaceX shares also fell more than 6%.
Tesla is scheduled to report second-quarter vehicle deliveries on Thursday, a release that could prove pivotal for investor sentiment after several years of slowing growth.
Wall Street estimates vary considerably.
Analysts surveyed by FactSet expect Tesla to deliver approximately 409,000 vehicles during the quarter.
Bloomberg's consensus estimate is closer to 400,000 vehicles, while Tesla's own company-compiled consensus stands at roughly 406,000 units.
The wide range of forecasts highlights uncertainty around demand trends during a quarter shaped by geopolitical tensions, elevated fuel prices, and the continued impact of changes to US electric-vehicle incentives.
A stronger-than-expected result could mark Tesla's second consecutive quarter of year-over-year delivery growth.
The company has not achieved back-to-back quarters of annual delivery growth since 2024.
Growth remains a key challengeTesla's vehicle business has faced a difficult period following years of rapid expansion.
Annual deliveries peaked at approximately 1.8 million vehicles in 2023 before declining in both 2024 and 2025.
Wall Street currently expects Tesla to return to modest growth in 2026, with annual deliveries projected at roughly 1.7 million vehicles.
Several factors have contributed to the slowdown.
Tesla elected not to pursue an all-new lower-priced vehicle platform, instead prioritizing development of its Cybercab robotaxi program.
The company has also faced the impact of the expiration of the $7,500 federal electric-vehicle purchase tax credit, which increased costs for many US consumers.
At the same time, rising gasoline prices provided some support for electric-vehicle demand during the second quarter.
Adding to optimism ahead of the delivery report, new data released Wednesday showed Tesla registrations continued to improve across several European markets during June.
Registrations, which are widely viewed as a proxy for sales, rose 39% in Denmark, 56% in Sweden, and 5.6% in Spain, according to data from bilstatistik.dk, Mobility Sweden, and ANFAC.
In France, registrations more than doubled from a year earlier, according to automotive industry body PFA.
The figures suggest Tesla's European business may be recovering after a challenging period during which the company lost market share amid growing competition from Chinese manufacturers, a relatively limited product lineup, and consumer reactions to Chief Executive Elon Musk's political positions.
Norway was a notable exception. Tesla registrations there fell 43% from a year earlier, according to data from compiler OFV.
Market observers attributed part of the decline to demand being pulled forward ahead of changes to electric-vehicle incentives scheduled for 2026.
Investors have increasingly positioned for a stronger quarter.
Heading into Wednesday's session, Tesla shares had gained 10.8% during the week following consecutive advances on Monday and Tuesday.
The rally suggests investors expect the company to deliver results that support the narrative of stabilizing vehicle demand, even as much of Tesla's long-term valuation remains tied to future opportunities in autonomous driving, robotaxis, and artificial intelligence.
With delivery estimates spread across a wide range and expectations elevated following the recent share-price gains, Thursday's report is likely to be a significant catalyst for the stock.
Tesla v pondělí vzrostla o zhruba 4 % před čtvrtečními výsledky dodávek za 2. čtvrtletí. Náladu podpořily i komentáře Elona Muska k nové verzi Full Self-Driving.
Tesla stock TSLA jumped on Monday as investors looked ahead to the company's second-quarter delivery report later this week, while fresh comments from Chief Executive Elon Musk provided an additional boost to sentiment.
The stock rose around 4% in early trading to $396.64, recovering some ground after a difficult week for the electric vehicle maker.
The broader market was also supportive, with the S&P 500 gaining 0.8% and the Dow Jones Industrial Average advancing 0.3%.
Investors are now focused on Tesla's second-quarter delivery figures, scheduled for release on Thursday.
Analysts currently expect Tesla to report deliveries of approximately 405,000 vehicles, up from roughly 384,000 vehicles delivered during the same period a year earlier.
Part of Monday's rally appeared linked to comments Musk made on social media regarding Tesla's Full Self-Driving technology.
Musk said Tesla had begun rolling out a new version of its Full Self-Driving software for customers using AI3 hardware, the onboard computer platform introduced in 2019.
Newer Tesla vehicles are equipped with AI4 hardware, which was introduced in 2023 and offers significantly greater computing capability.
"Nice work by the [Tesla AI team]!" Musk wrote on X.
"The AI3 computer only has about 15% of the effective memory bandwidth of AI4, so this was a tough challenge," he added.
The update could potentially expand the addressable market for Tesla's Full Self-Driving subscription service by improving functionality for owners of older vehicles.
Tesla currently charges $99 per month for Full Self-Driving, which can perform most driving tasks under driver supervision.
Wall Street analysts have become increasingly optimistic about Tesla's upcoming delivery results following stronger-than-expected sales data from several key markets.
Morgan Stanley raised its second-quarter delivery forecast to approximately 413,000 vehicles from a prior estimate of roughly 373,000 units.
The firm cited stronger registration trends in Europe and improving demand in China as key drivers behind the upgrade.
According to Morgan Stanley, Europe provided the largest source of upside, with registrations running significantly above year-earlier levels as the region continued recovering from a weaker 2025.
China also showed improving momentum, with domestic sales rebounding in May after two consecutive months of annual declines.
Despite the higher delivery forecast, Morgan Stanley maintained its $415 price target and remained cautious on Tesla's energy storage business, forecasting second-quarter deployments of 11.8 gigawatt-hours compared with Street expectations of roughly 14.3 gigawatt-hours.
Barclays also raised its delivery expectations and now forecasts approximately 418,000 vehicle deliveries for the quarter.
The brokerage expects European deliveries to reach approximately 90,000 units during the quarter, representing Tesla's strongest regional performance since 2023.
China deliveries are projected at roughly 135,000 vehicles, supported by improving domestic demand and export activity.
Production is expected to reach about 430,000 vehicles during the quarter, while inventory levels remain well below the elevated build seen during the first quarter.
Barclays maintained its Equal Weight rating and $360 price target, while noting that investor attention has increasingly shifted away from Tesla's automotive operations toward its longer-term artificial intelligence initiatives.
The firm said investors remain focused on programs such as Robotaxi, Optimus, and autonomous driving technology, even as stronger vehicle deliveries remain important for generating the cash flow needed to fund those ambitions.
JPMorgan uvedla, že menší flotila robotaxi Tesly oproti Waymo je záměrná a odráží opatrný přístup firmy k nasazení. Waymo má v Texasu 640 autonomních vozidel, zatímco Tesla 84, přestože Tesla letos rozšířila své robotaxi mimo Austin do Dallasu a Houstonu. Tesla podle banky dává přednost vylepšování softwaru Full Self-Driving před rychlým rozšiřováním vozů.
In its latest autonomous vehicle roadmap, JPMorgan noted that Waymo has 640 autonomous vehicles registered in Texas, compared with just 84 for Tesla, even after Tesla expanded its robotaxi footprint beyond Austin into Dallas and Houston this year. Rather than viewing the gap as a competitive weakness, the firm argues Tesla is intentionally prioritizing software readiness over fleet expansion.
Why Tesla’s Robotaxi Fleet Is SmallerJPMorgan said Tesla has taken a deliberately measured approach to its robotaxi rollout despite investor excitement around the company’s autonomous driving ambitions.
“Our view. Tesla has been cautious in its robotaxi rollout in Austin, and more recently in Dallas and Houston,” the analysts wrote. “On the 1Q call, Tesla management talked about taking a very cautious approach to the rollout of robotaxis.”
According to the note, Tesla believes there are still “many known improvements” that can be made to its Full Self-Driving software before deploying unsupervised vehicles at scale. As a result, the company sees little value in rapidly expanding its commercial fleet while major software upgrades remain in development.
That stands in contrast to Waymo, which has aggressively expanded across Texas after launching in Austin in March 2025 and has since entered Dallas, Houston and San Antonio. Of the company’s 640 Texas autonomous vehicles, JPMorgan estimates about 594 are Jaguar I-PACEs, while 46 are the new sixth-generation Ojai robotaxis.
Tesla’s FSD Progress Could Matter More Than Fleet SizeJPMorgan argues that the robotaxi race is not simply about who has the largest fleet today.
The firm highlighted continued improvements in Tesla’s Full Self-Driving software, noting that FSD version 14.x has surpassed 2,000 miles to critical disengagement, representing roughly a 4.3-fold improvement over the approximately 460 miles achieved by version 13.x.
The analysts also pointed to Tesla’s safety statistics, which show vehicles operating with FSD (Supervised) in North America average 5.5 million miles before a major collision, more than eight times the U.S. average, while traveling about 1.6 million miles before a minor collision, roughly seven times the national average.
Cybercab Could Change The PictureWhile Waymo currently enjoys a sizeable lead in deployed robotaxis, JPMorgan believes Tesla’s strategy is geared toward a much larger rollout once its software reaches the desired level of maturity.
The firm noted that Cybercab has already entered pilot production, with volume production expected later this year, potentially setting the stage for a much faster fleet expansion than investors are seeing today.
For now, the numbers heavily favor Waymo. But JPMorgan’s takeaway is that Tesla’s smaller robotaxi fleet reflects a conscious product strategy rather than an attempt to win the deployment race as quickly as possible.
Image via Shutterstock
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Tesla, Sunrun a Renew Home oznámily rámec pro dodávku více než 16 GW flexibilní energetické kapacity pro hyperscalery a utility. Projekt využije miliony domácích baterií, chytrých termostatů a elektromobilů bez nového hardwaru.
Tesla stock is holding steady today. Where is TSLA stock headed? The NHTSA RollercoasterQ2 Deliveries on the HorizonOn June 24, Tesla, Sunrun, and Renew Home announced a framework to deliver more than 16 gigawatts of flexible energy capacity to hyperscalers and utilities, aggregating millions of existing home batteries, smart thermostats, and electric vehicles into what would be the largest distributed power plant in the country.
The framework requires no new hardware, software, or interconnection, and is deployable in months, not years. In Virginia alone, the companies have more than 300 megawatts available for immediate deployment, expected to grow to at least 500 megawatts by 2030. The deal puts Tesla’s Powerwall and energy ecosystem at the center of the AI data center power crunch narrative.
Tesla Shares GainTSLA Price Action: At the time of publication, Tesla shares are trading 0.89% higher at $383.09, according to data from Benzinga Pro.
Image via Shutterstock
This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
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Tesla má v prvních dnech července zveřejnit údaje o dodávkách za 2. čtvrtletí; trh sleduje hlavně meziroční růst. Konsensus čeká asi 406 000 vozů, což by bylo nad loňskými 384 122.
Tesla (TSLA +1.38%) is set to report its second-quarter vehicle deliveries in the first days of July -- something that will draw attention away from its more aspirational ventures like robotaxis and humanoid robots. The most important figure from the production and delivery update will likely be the year-over-year growth rate in deliveries.
The update will be timely, as deliveries are the most direct measure of whether demand for Tesla's cars is recovering after a difficult 2025 -- and this quarter is the first meaningful test of whether that recovery has staying power.
In 2025, Tesla delivered 1,636,129 vehicles, down 8.6% from nearly 1.8 million in 2024. The first quarter of 2026 brought a return to growth, with deliveries rising 6.3% year over year to 358,023. But there was a complication: Tesla produced about 50,000 more vehicles than it delivered -- a larger-than-usual gap between supply and demand that likely worried some investors.
So, can Tesla report a strong enough year-over-year growth rate to convince investors that a sustainable rebound in the company's automotive business is underway?
Tesla Cybercab. Image source: Tesla.
Here's the threshold Tesla needs to cross Wall Street's consensus calls for about 406,000 deliveries in the second quarter. Some of the more bullish forecasts run higher, at about 420,000. Either would clear the comparison that matters most: the 384,122 vehicles Tesla delivered in the second quarter of 2025.
Climbing back above that year-ago level would mean Tesla has put together two straight quarters of growth.
So, here's a simple way to frame the report: A number around 406,000 or higher would arguably signal that a meaningful recovery is on track. A figure near or above 420,000 would suggest momentum is building faster than expected. But a result that slips back toward last year's 384,122 would support the bear case, showing that the first-quarter bounce was temporary and that demand still isn't keeping pace with Tesla's production.
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Where the number gets decided While Tesla doesn't break out regional deliveries in its quarterly production and deliveries update, regional performance will be key to the overall figure.
Europe has reportedly recently turned from a weak spot into a source of growth for the company; Tesla's new-car registrations there more than doubled year over year in May, a sharp reversal from the steep declines that weighed on 2025. China, Tesla's second-largest market, has also reportedly held up well, helped by the refreshed Model Y.
The drag, however, may be the United States. With the tax credit having expired at the end of the third quarter of 2025, U.S. demand has cooled, and registrations there have reportedly tracked down by the mid-teens so far this year. So the second-quarter number probably comes down to one question: Is the strength in Europe and China enough to more than offset any domestic softness?
Still, even though the reported year-over-year growth rate for Tesla's deliveries will be an important figure to watch, it's clear that investors buy the stock for far more than its automotive business. After all, that's the only thing that could explain its astronomical valuation. Tesla stock trades at about 345 times earnings -- a multiple that only makes sense if investors are paying for self-driving software and robots rather than for simply electric cars.
But the car business still generates the majority of Tesla's revenue, so a soft delivery number would be a reminder of how far the company is from growing into its wild valuation.
Tesla shares are down about 16% so far in 2026, trading well below their December high near $490. So you can bet investors are hoping for some good news. With that said, the more important update will probably come later in July, when the company reports its full second-quarter results, which will include financials like revenue and cash flow, as well as the company's progress on its important Robotaxi operation and its longer-term ambitions, such as humanoid robots.
Tesla dokončila tape-out čipu AI5, který má pohánět nové projekty včetně robota Optimus. Výroba má běžet u Samsungu a Taiwan Semiconductor Manufacturing během 12 až 18 měsíců.
Tesla (TSLA +1.38%) and Elon Musk are making a big push to expand beyond electric vehicles (EVs). The company recently completed a tape-out for its upcoming AI5 computer chip, which will be deployed in new projects such as the Optimus humanoid robot.
Here's what the news means for Tesla and how it could impact the stock price in the years ahead.
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Expanding beyond vehicles A tape-out is when a computer chip design is sent to manufacturers for fabrication, essentially a final blueprint for the project. The AI5 chip has been sent to Samsung and Taiwan Semiconductor, with manufacturing planned to ramp over the next 12 to 18 months.
Tesla's latest chip boasts a 40x performance boost over the previous generation, and its goal is to help scale the two latest endeavors for the Musk technology company in humanoid robots and the Cybercab self-driving vehicle. Unlike other players in the robotics and self-driving car space, Tesla has designed its own chips, which should give it a cost advantage over those that rely on expensive suppliers like Nvidia.
In the long run, Tesla plans to build its own semiconductor manufacturing facility to further vertically integrate its robotics and artificial intelligence (AI) vision. The project, called Terrafab, will be built in Texas in conjunction with Space Exploration Technologies (SpaceX) and Intel. Like with its own chip designs, the theory is that this vertical integration will give Tesla a cost advantage as it scales up humanoid robot manufacturing in the years ahead.
Image source: Getty Images.
The future of Tesla stock Tesla is already working on designs for the AI6, which is reportedly being manufactured by Samsung. If you solely look at Musk's vision, there is a lot for shareholders to be excited about today. Who wouldn't want a future in which humanoid robots perform menial tasks, with everyone driven around by a self-driving Cybercab network?
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This vision is far from a reality right now. Plus, Tesla's stock already prices in much of this vision, which isn't guaranteed to come to fruition. Its market cap is $1.4 trillion, with a price-to-earnings ratio (P/E) of 348.
It is smart for Tesla to design its own chips and eventually build its own chip factories. However, many pieces still need to come together over the next decade, and executing the humanoid robot vision should keep investors away from the stock at today's $1.4 trillion market cap.
Brett Schafer has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Intel, Nvidia, Taiwan Semiconductor Manufacturing, and Tesla. The Motley Fool has a disclosure policy.
Americký úřad NHTSA uzavřel vyšetřování ztráty posilovače řízení u Tesly po svolání 376 241 vozů Model 3 a Model Y začátkem roku 2025. Vyšetřování se týkalo vozů modelového roku 2023.
Tesla logo is seen on the steering wheel of an electric vehicle at a dealership in Durango, northern Spain, October 30, 2023. REUTERS/Vincent West Purchase Licensing Rights, opens new tab
CompaniesJune 27 (Reuters) - U.S. safety regulators said on Saturday they had closed their probe into Tesla (TSLA.O), opens new tab vehicles over power steering loss, in view of a company recall which was carried out last year.
The National Highway Traffic Safety Administration (NHTSA) said the investigation, which had the status of an engineering analysis, covered about 376,241 Model 3 and Model Y vehicles from the 2023 model year.
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NHTSA opened a preliminary evaluation in July 2023 into loss of steering control reports in Tesla Model 3 and Y vehicles after some owners reported an inability to turn the steering wheel or an increase in required effort.
In early 2024, the probe was upgraded to an engineering analysis to further investigate the alleged defect.
Tesla recalled 376,000 of its vehicles in the U.S. in early 2025, due to a failure of the power steering assist feature that could make the vehicles harder to steer, particularly at low speeds, raising the risk of a crash.
However, it said the recall was not in response to NHTSA's investigation, which remained open at the time.
The recall said that Tesla had released an over-the-air software update designed to prevent overvoltage breakdown and overstress of motor drive components on the printed circuit board, which had caused an increase in steering effort.
In view of Tesla's recall, the NHTSA's Office of Defects Investigation said it was closing its engineering analysis.
Reporting by Disha Mishra in Bengaluru; Editing by Alexander Smith
Our Standards: The Thomson Reuters Trust Principles., opens new tab
Tesla uzavřela žalobu kvůli smrtelné nehodě z roku 2023 s FSD (Supervised), ale federální vyšetřování systému pokračuje. NHTSA zkoumá, zda software správně reaguje na zhoršenou viditelnost. Vyšetřování bylo otevřeno v roce 2024 po čtyřech hlášených nehodách v podmínkách nízké viditelnosti a v březnu 2026 bylo povýšeno na engineering analysis.
Image Credits:Getty Images Tesla has settled a lawsuit connected to a fatal 2023 crash involving a vehicle using the company’s advanced driver assistance system known as Full Self-Driving.
Bloomberg was first to report on the settlement. Terms were not disclosed.
The lawsuit was filed against Tesla and the driver by the daughter of Johna Story, a 71-year-old woman who was struck by a Tesla Model Y. Story was hit after she stepped out of her own vehicle to direct traffic around a crash that had occurred earlier due to sun glare.
The National Highway Traffic Safety Administration opened an investigation into Tesla’s FSD (Supervised) automated driving software in 2024 after four reported crashes in low visibility conditions — including the one involving Story. NHTSA said, at the time, it was investigating the driver assistance system to find out whether it could “detect and respond appropriately to reduced roadway visibility conditions,” such as “sun glare, fog, or airborne dust.”
That investigation was upgraded in March 2026 to an engineering analysis. In that report, the agency wrote “Available incident data raise concerns that Tesla’s degradation detection system, both as originally deployed and later updated, fails to detect and/or warn the driver appropriately under degraded visibility conditions such as glare and airborne obscurants.”
While the settlement ends the family’s lawsuit, this upgraded NHTSA investigation has not yet been closed. At stake for Tesla for the federal investigation is a host of possible outcomes, including a recall.
The federal agency also opened an investigation into FSD in October 2025 after receiving reports the software caused the vehicles to run red lights or cross into the wrong lane.
Švédská TRV vyzvala EU, aby zamítla širší nasazení Tesla FSD kvůli automatickému překračování rychlosti, zimnímu provozu a zavádějícímu názvu. O rozšíření se má hlasovat 30. června.
Key Takeaways Sweden's TRV asked the EU to reject broader FSD deployment over automated speeding concerns.Regulators also flagged winter-road performance and the Full Self-Driving name.TSLA won Dutch approval in April, with rollout reaching several European countries. Tesla, Inc.’s (TSLA - Free Report) Full Self-Driving (FSD) system recently gained access to public roads in the Netherlands, marking its first approval in Europe and fueling expectations of a broader rollout across the continent. However, not all countries support the expansion. Sweden’s Transport Administration (TRV) has urged the European Union to reject the wider deployment of FSD in its current form.
A key concern for Swedish regulators is Tesla’s “Speed Offset” feature, which allows FSD-equipped vehicles to travel above posted speed limits, per Reuters. While similar functionality exists in conventional cruise-control systems, regulators argue that the risks are greater when the feature is integrated into an automated driving system. In a letter to the EU’s Technical Committee on Motor Vehicles (TCMV), the TRV warned that permitting automated systems to exceed legal speed limits routinely could undermine traffic laws and reduce the intended safety benefits of vehicle automation.
Beyond the speed-related issue, European authorities have also raised concerns about FSD’s performance in challenging winter conditions, particularly on snow-covered roads, as well as the potentially misleading nature of the “Full Self-Driving” name. These concerns come as the TCMV prepares to vote on June 30 on whether to extend the Dutch approval across the European Union.
The TRV does not have the authority to determine Sweden’s position in the European committee vote. That role is held by the Swedish Transport Agency (STA), which acts as the nation’s vehicle type-approval authority.
Per Reuters, the STA has been engaged in discussions with both Tesla and the Dutch road authority, RDW, regarding the matter. One reported meeting between Tesla and regulators lasted about two hours on June 4. Per the STA, talks are still ongoing. While the agency has not yet disclosed how Sweden intends to vote, it noted that the concerns highlighted by the Transport Administration continue to be considered as part of its assessment process.
Despite the opposition, Tesla achieved a significant milestone when Dutch regulators approved FSD for use on public roads in April. Since then, the technology has also been introduced in Belgium, Denmark, Lithuania and Estonia, while approval remains under review in Greece. Although Greek officials criticized Tesla for relying on North American data, they acknowledged that FSD could potentially lead to a substantial reduction in traffic accidents.
Tesla maintains that the Speed Offset feature does not compromise safety because drivers remain responsible for the vehicle and can intervene at any moment. Swedish regulators, however, believe this safeguard is insufficient to address the risks associated with automated speeding.
The European version of FSD already differs from the U.S. version. Instead of driving profiles such as “Sloth” and “Mad Max,” European users can adjust settings through “Max Speed” and “Max Speed Offset” options. The system also handles uncertain speed limits differently, displaying an estimated limit accompanied by a question mark when it lacks definitive information. Additionally, the interface labels the system as “FSD (Supervised)” rather than “Full Self-Driving,” likely to reduce the possibility of drivers misunderstanding the technology’s capabilities.
TSLA’s Zacks Rank & Key PicksTesla currently has a Zacks Rank #3 (Hold).
Some better-ranked stocks in the auto space are Geely Automobile Holdings Limited (GELHY - Free Report) , Douglas Dynamics, Inc. (PLOW - Free Report) and Garrett Motion Inc. (GTX - Free Report) , each sporting a Zacks Rank #1 (Strong Buy) at present. You can see the complete list of today’s Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for GELHY’s 2026 sales and earnings implies year-over-year growth of 77.1% and 40.3%, respectively. The EPS estimate for 2026 and 2027 has improved 18 cents and 7 cents, respectively, over the past 30 days.
The Zacks Consensus Estimate for PLOW’s 2026 sales and earnings implies year-over-year growth of 16.7% and 31.4%, respectively. The EPS estimate for 2026 and 2027 has improved 39 cents and 29 cents, respectively, over the past 60 days.
The Zacks Consensus Estimate for GTX’s 2026 sales and earnings implies year-over-year growth of 5.6% and 20.4%, respectively. The EPS estimate for 2026 has improved 12 cents over the past 60 days, while the EPS estimate for 2027 has improved a penny over the past 30 days.
A Tesla electric vehicle is parked at a Tesla dealership, after Tesla, Inc. released its financial results for the first quarter of 2025, in Berlin, Germany April 23, 2025. REUTERS/Annegret Hilse Purchase Licensing Rights, opens new tab
CompaniesJune 25 (Reuters) - Tesla (TSLA.O), opens new tab said on Thursday that production at its Berlin plant will rise by 20% to 7,500 vehicles per week from October this year.
Tesla said the planned increase in production means it will recruit a further 1,000 employees.
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The company already announced a capacity increase at the plant company in April to meet higher demand for the Model Y.
In May, it said it would increase its investment in battery cell production at the plant.
The three announcements mean that a total of 3,500 additional jobs will be created in the short and medium term for vehicle and battery manufacturing at the plant, the company said.
Reporting by Christoph Steitz, writing by Linda Pasquini, editing by Thomas Seythal and Friederike Heine
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Americké ministerstvo dopravy navrhlo zrušit povinnost mít u vozidel určených výhradně pro autonomní řízení brzdový pedál. To by ulehčilo Tesle a Zoox při nasazení plně samořiditelných aut.
The Trump administration’s Department of Transportation (DOT) has proposed new changes to federal vehicle regulations that would allow companies to skip including brake pedals in “vehicles designed to be driven exclusively by automated driving systems.”
The proposal, if adopted, would remove a major regulatory barrier for companies like Tesla and Zoox, which are developing vehicles intended to be fully autonomous, without a steering wheel or pedals. The public will now have 30 days to comment on the proposal before the DOT decides whether to approve the changes.
This is the latest of a series of proposed changes to vehicle laws from the Trump DOT. Late last year, the National Highway Traffic Safety Administration (NHTSA) proposed removing a number of Federal Motor Vehicle Safety Standards (FMVSS) requirements around windshield wiping and defogging systems, and tire placards.
President Biden was also working in this direction while in office. During his administration, the NHTSA proposed and ultimately finalized a rule that allowed autonomous vehicles to operate without steering wheels.
Currently, any company developing an autonomous vehicle that is missing parts required by the FMVSS has to request an exemption from the federal government. Even if the exemption is granted, regulations restrict how many such exempted vehicles can be on the road.
Removing requirements for parts like brake pedals will theoretically allow companies to get autonomous vehicles on the road quicker, according to the NHTSA.
“We are at the cusp of the greatest technological revolution in vehicle technology since the innovation of the Model T,” NHTSA Administrator Jonathan Morrison said in a statement. “If we want America to lead the way, we have to reimagine our regulatory framework. That’s why under Secretary Sean Duffy’s AV Framework, NHTSA is tearing down pointless barriers to innovative designs while strengthening the fundamental safety requirements that matter and holding AV developers accountable for safe performance.”
Tesla has spent the last few years developing a two-seater car it calls the Cybercab that is intended to operate without a steering wheel or pedals. The company has never applied for an exemption to the FMVSS standards requiring those controls. Instead, CEO Elon Musk has repeatedly said that his company would deploy the vehicles nationwide once regulatory approval was granted.
In the meantime, Tesla has spent the last year operating a small robotaxi service in Austin, Texas. The company began the service with safety drivers in the front seats, but has steadily removed those drivers, leaving the cars to operate “unsupervised.” The company has admitted to the NHTSA that it is using teleoperators to monitor and, in some rare cases, move the vehicles remotely at low speeds after crashes or to avoid obstacles.
Zoox, which is owned by Amazon, applied for and was granted an exemption from FMVSS standards last year so it could demonstrate its purpose-built robotaxi. The company has since applied for, and is waiting on, another exemption to operate that robotaxi commercially.
Companies like Waymo, which use retrofitted or modified versions of regular vehicles (such as the Jaguar I-Pace), have been able to deploy as many robotaxis as they want since they already have manual controls.
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Sean O’Kane is a reporter who has spent a decade covering the rapidly-evolving business and technology of the transportation industry, including Tesla and the many startups chasing Elon Musk. Most recently, he was a reporter at Bloomberg News where he helped break stories about some of the most notorious EV SPAC flops. He previously worked at The Verge, where he also covered consumer technology, hosted many short- and long-form videos, performed product and editorial photography, and once nearly passed out in a Red Bull Air Race plane.
You can contact or verify outreach from Sean by emailing [email protected] or via encrypted message at okane.01 on Signal.
Tesla klesla o 1,8 %, protože investoři čekají na čtvrtletní dodávky a sledují spekulace o možném spojení se SpaceX. Analytici odhadují zhruba 401 120 dodaných vozů.
Tesla shares TSLA remained under pressure on Wednesday as investors looked ahead to the electric vehicle maker's second-quarter delivery report while increasingly focusing on speculation surrounding a potential merger with SpaceX.
Tesla stock fell 1.8% to $374.69 after declining 5.8% in the previous session.
The shares have dropped nearly 13% in June and are down 4.7% since SpaceX began trading publicly on June 12, according to Dow Jones Market Data.
Tesla is expected to release its second-quarter vehicle delivery and energy storage deployment figures in early July.
According to FactSet, analysts expect the company to deliver approximately 401,120 electric vehicles during the quarter, representing a 4% increase from a year earlier.
However, investor attention appears to be shifting away from Tesla's traditional automotive metrics and toward broader strategic developments involving artificial intelligence initiatives and the possibility of combining Elon Musk's businesses.
Wall Street remains divided on Tesla's near-term delivery outlook.
JP Morgan analyst Rajat Gupta lowered his second-quarter delivery estimate to 420,000 vehicles from 430,500 units, although the revised forecast remains above consensus expectations.
If achieved, the total would mark Tesla's strongest quarterly delivery performance since the company delivered a record 497,099 vehicles in the third quarter of 2025.
Gupta pointed to "mixed recent signals" on electric vehicle demand in China and the United States as government incentives expire. However, he noted that Europe "remains the bright spot."
Recent registration data appears to support that assessment.
According to the European Automobile Manufacturers' Association, Tesla vehicle registrations in European markets more than doubled in May compared with the same period last year.
RBC Capital analyst Tom Narayan expects Tesla to deliver around 405,000 vehicles during the quarter.
However, he cautioned that the company's increased focus on robotaxis and humanoid robots could potentially weigh on demand for its privately owned vehicles.
Investors continue to view Tesla's artificial intelligence initiatives as central to the company's long-term growth story, with expectations that autonomous driving and robotics could create new sources of earnings beyond vehicle manufacturing.
A potential combination of Tesla and SpaceX has emerged as another major topic among investors.
Baird analyst Ben Kallo estimated second-quarter deliveries at around 392,900 vehicles but said recent attention has centered on the SpaceX initial public offering and the prospect of a merger between Musk's companies.
"We see this as likely to happen sooner rather than later," Kallo wrote on the business combination.
The analyst believes a merger could occur within the next 18 months, giving SpaceX time to integrate its recent merger with xAI and establish itself as a public company.
"We see the strategic rationale for a merger as clear and compelling with both companies benefitting from greater scale. Questions may arise regarding regulatory review; however, we do not expect significant scrutiny given limited overlap of end markets," Kallo wrote.
Meanwhile, Tesla is also facing legal scrutiny following a fatal crash in Texas involving one of its vehicles.
The family of a woman who died after a Tesla Model 3 crashed into a home last week has filed a lawsuit against both Tesla and the driver, alleging gross negligence and wrongful death.
According to the lawsuit, the vehicle was operating with an automated driving assistance system and "failed to detect the end of the street" before crashing into the residence.
The suit alleges Tesla should be held liable for defects in its driver-assistance systems and for failing to adequately warn consumers of potential dangers.
Chief Executive Elon Musk said in a post on X that "FSD drives slowly through neighborhood streets and this was a high speed crash," referring to Tesla's Full Self-Driving (Supervised) system.
Another company executive stated that the driver manually pressed the accelerator pedal, overriding the self-driving system.
The National Highway Traffic Safety Administration has launched a special investigation into the incident and is already conducting a separate investigation into possible defects in Tesla's Full Self-Driving technology.
As Tesla approaches its quarterly delivery report, investors are balancing near-term questions around vehicle demand with longer-term opportunities tied to artificial intelligence, autonomous driving, and the potential reshaping of Musk's corporate empire.
Tesla čelí žalobě rodiny 76leté ženy, která zemřela po nehodě Modelu 3 s aktivovaným Autopilotem v Texasu. Rodina žádá více než 1 milion USD a sankční odškodné.
People visit a Tesla service center and gallery in Austin, Texas, U.S., June 21, 2025. REUTERS/Joel Angel Juarez/File Photo Purchase Licensing Rights, opens new tab
SummaryCompaniesModel 3 driver used Autopilot before crash, lawsuit saysSeventy-six-year-old grandmother pinned in her home, later diedNHTSA has probed dozens of Tesla crashes linked to driver assistanceTesla unavailable for comment, has said driver drove fastJune 24 (Reuters) - Tesla (TSLA.O), opens new tab has been sued by the family of a 76-year-old Texas grandmother killed last week when a driver using his Model 3's automated driving assistance system crashed into her suburban Houston home, the family's lawyers said.
According to a complaint filed on Tuesday, Elon Musk's electric vehicle maker should be liable for the wrongful death of Martha Avila, reflecting its gross negligence and failure to warn that its Autopilot and Full Self-Driving systems were defective.
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Avila's daughter, Jennifer Barbour, and her husband, Justin Barbour, said the Model 3's driver, Michael Butler, told law enforcement he engaged Autopilot before plowing through the front wall of Avila's home in Katy, Texas, on June 19, pinning her.
She died later at a nearby hospital, the complaint said. Justin Barbour said he was also injured.
The lawsuit filed in a Harris County, Texas, state court seeks more than $1 million in damages, and punitive damages reflecting Tesla's alleged "reckless disregard for a substantial risk of severe bodily injury."
Tesla and Musk did not immediately respond to requests for comment.
Musk, the world's richest person, posted on X on Monday night: "FSD drives slowly through neighborhood streets and this was a high speed crash!"
Ashok Elluswamy, vice president of AI software at Tesla, posted separately on X that "the driver manually overrode self-driving by pressing the accelerator all the way to 100% of the accel pedal in this residential area."
DOZENS OF TESLA PROBESThe National Highway Traffic Safety Administration has been investigating the crash.
It has since 2016 opened nearly 50 special investigations of Tesla crashes believed to involve advanced driver assistance systems. About two dozen deaths were reported.
In March, the NHTSA escalated its probe into 3.2 million Teslas equipped with Full Self-Driving, on concern the system may fail to detect or warn drivers in poor visibility.
And in 2023, Tesla recalled about 2 million vehicles, nearly all of its electric vehicles on U.S. roads, to better ensure that drivers pay attention when using Autopilot.
Tesla has said Autopilot enables vehicles to steer, accelerate and brake within their lanes, while Full Self-Driving lets vehicles obey traffic signals and change lanes.
The automaker has also said both technologies require "fully attentive" drivers whose hands are on the wheel.
Butler is also a defendant in the Barbours' lawsuit. It is unclear whether he has a lawyer. Efforts to reach him were not immediately successful.
The Barbours' lawyers did not immediately respond to requests for additional comment.
Reporting by Jonathan Stempel in New York; Editing by Matthew Lewis
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Tesla je pod tlakem kvůli vysokému ocenění a slábnoucím maržím v hlavním automobilovém byznysu. Akcie se obchodují na 381,61 USD, pod 50denním i 200denním průměrem.
At $381.61, Tesla (NASDAQ:TSLA | TSLA Price Prediction) looks vulnerable, with a credible path toward the $190 historical manufacturing support zone as tech multiples compress and global EV pricing grinds margins lower. The stock just slid 5.79% in a single session, and the bid under the chart looks thinner by the week.
Tesla remains the world’s most recognized EV maker, but the business spans energy storage, FSD subscriptions, robotaxis, and Optimus. That optionality supports a $1.52 trillion market cap on $1.09 of trailing EPS. The auto core fights BYD and Chinese OEMs on price, and recent margin recovery leaned on one-time warranty and tariff benefits.
Why Bulls Still See a Floor Here Q1 2026 EPS came in at $0.41 versus a $0.36 estimate, automotive gross margin expanded to 21.1% from 16.2% YoY, and free cash flow jumped 117.47% year over year to $1.44 billion. Cash sits at $44.74 billion against minimal debt.
FSD subscriptions hit 1.28 million, up 51% YoY, and Services revenue grew 42% YoY to $3.75 billion. Cybercab, Semi, Megapack 3, and Optimus all target volume production in 2026. The analyst consensus target of $420.55 implies upside, and 23 buy ratings outnumber sells more than three to one.
Why the Bear Case Is Tightening Valuation is the core problem. Trailing P/E sits at 371 and forward P/E at 204, on a 3.95% net margin business whose full-year 2025 deliveries fell 9% and whose automotive revenue dropped 11% in Q4 2025. Regulatory credit revenue collapsed from $890 million in Q2 2024 to $380 million in Q1 2026.
Q1 2026 margin gains were partly warranty and tariff one-timers, energy revenue turned negative at -12% YoY, and inventory days climbed to 27 from 22. Insider activity is net selling across 49 recent transactions, and Polymarket assigns a 70% probability TSLA touches $375 in June.
Why Some Investors Want to Wait There is a case for waiting. The balance sheet is fortress-grade, energy storage gross profit hit a record $1.1 billion in Q4 2025, and FSD’s recurring revenue is among the cleanest software stories in autos. Investors waiting for Robotaxi expansion or an AI5 chip milestone could be rewarded if execution lands.
The next two reports will clarify the setup. A delivery report below the 450,000 to 475,000 consensus band, another energy decline, or sub-20% automotive gross margin would tip decisively bearish. A clean Cybercab ramp would do the opposite.
What the Tape Is Showing Shares trade at $381.61, down 15.14% year to date while the S&P 500 is up 7.58%. That is a 22-point relative gap in six months. One-month performance is -10.42%, and the stock sits below both the 50-day ($403.68) and 200-day ($417.32) moving averages.
The consensus analyst target of $420.55 across 47 covering analysts (23 Buy, 17 Hold, 7 Sell) implies roughly 10% upside. Prediction markets see it differently, pricing $375 at 70% and $345 at 16.5% probability for June.
Why the Bearish Case Wins at This Price At $381.61, the risk/reward skews bearish. The setup combines a 204x forward multiple with a low-single-digit margin auto business losing pricing power, a collapsing regulatory credit tailwind, and an energy segment that stopped growing. Tech multiple compression alone could halve the P/E; a return toward auto-peer multiples would imply far more.
The path to $190 runs through three catalysts over the next 12 months: a Q2 or Q3 delivery miss, a margin reset once warranty and tariff benefits roll off, and a Robotaxi or Optimus timeline slip that prediction markets already assign 2.8% and 1.3% near-term probabilities. Each chips away at the AI optionality holding the multiple up.
What invalidates the thesis: a clean Cybercab ramp, durable 22%-plus automotive gross margins without one-time aid, and FSD monetization scaling beyond 1.28 million subscribers into a true platform business. Absent that, the stock is priced for a future the operating numbers are not yet underwriting.
Tesla trading at a Magnificent Seven multiple on a margin-compressed automaker’s earnings is the cleanest setup for downside in large-cap tech right now.
Tesla čelí dalšímu federálnímu bezpečnostnímu šetření po havárii Modelu 3 do domu v Katy v Texasu, při níž zemřela 76letá Martha Avila. NHTSA zahájila zvláštní vyšetřování.
Tesla (TSLA, Financials) is under another federal safety review after a Model 3 crashed into a home in Katy, Texas, killing 76-year-old Martha Avila.
The National Highway Traffic Safety Administration opened a special crash investigation into the incident.
Tesla pushed back on the idea that its self-driving system caused the crash. Elon Musk said on X that the incident “makes no sense,” arguing that FSD drives slowly on neighborhood streets.
Ashok Elluswamy, Tesla's Autopilot head, said the driver manually overrode the system by pressing the accelerator all the way down. He said the car reached 73 mph and the pedal was still pressed after impact.
The case comes after another recent Tesla crash into a home in California that injured six people.
For investors, the concern is familiar. Tesla is trying to build more value around FSD and future robotaxis, but each new safety review keeps regulatory risk in the spotlight.
Sunrun, Tesla a Renew Home uzavřely rámcovou dohodu o 16 gigawattech čisté energie pro datová centra a utility. Ve Virginii je hned k dispozici přes 300 MW, do roku 2030 má kapacita vzrůst na nejméně 500 MW.
Sunrun shares are powering higher. What’s behind RUN gains? The AgreementUnder the framework, Sunrun, Renew Home, and Tesla will aggregate millions of existing home energy devices—including home battery systems, smart thermostats, and electric vehicles—into local, turnkey power solutions for data centers and utilities.
The combined 16-gigawatt resource draws dispatchable capacity from hundreds of thousands of home battery systems operated by Sunrun and Tesla, alongside flexible peak capacity from more than 8 million smart thermostats and devices managed by Renew Home. The framework requires no additional hardware, software, interconnection, water, or land usage—and is deployable in months, not years.
In Virginia, the companies already have more than 300 megawatts of capacity available for immediate deployment, expected to grow to at least 500 megawatts by 2030. The companies have also committed to provide capacity to PJM’s proposed Reliability Backstop Process, which if accepted would unlock over a gigawatt of capacity immediately.
“The grid of the 1800s cannot power the innovation of 2026,” said Mary Powell, CEO of Sunrun. “When data centers are asked to throttle down operations during the most expensive and stressful hours of the day, we can activate our distributed power plants to help provide them the power they need while also protecting American families from footing the bill for costly new infrastructure.”
Sunrun Shares ClimbRUN Price Action: At the time of publication, Sunrun shares are trading 19.28% higher at $15.28, according to data from Benzinga Pro.
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