Tesla, Inc. designs, develops, manufactures, leases, and sells electric vehicles and energy generation and storage systems in the United States, China, and internationally. It operates in two segments: Automotive and Energy Generation and Storage. The company offers electric vehicles, regulatory credits, maintenance and insurance services, and energy products such as solar panels, solar roof, Powerwall, and Megapack. It was formerly known as Tesla Motors, Inc. and changed its name to Tesla, Inc. in February 2017. Incorporated in 2003, it is headquartered in Austin, Texas.
Tesla to Operate Megacharging at Three Forum Mobility Truck Depots
Tesla said it will operate public Megacharging locations at three electric-truck depots being developed by Forum Mobility in California, adding a combined 30 megawatts of charging capacity using Tesla's Megawatt Charging System alongside CCS connectors. The announcement came as Tesla shares climbed about 1% Friday morning, lifted by a broader move into consumer-discretionary stocks that also boosted automakers. General Motors, Ford and Stellantis all gained on Thursday, while the consumer-discretionary ETF rose faster than the broader S&P 500, suggesting the advance was partly tied to sector-wide buying rather than a single Tesla catalyst. Broader market conditions were supportive as well, with oil prices falling about 2% and the 10-year Treasury yield declining, helping ease pressure on equities. Tesla's gain therefore reflects both the new charging-network development and the wider rebound across consumer and automotive stocks.
Eisman Calls Tesla's 220x Multiple Crazy, Counts Himself a Robotaxi Skeptic
Steve Eisman, the Neuberger Berman senior portfolio manager made famous by The Big Short, said on his weekly wrap podcast that Tesla's valuation only makes sense if investors believe its robotaxi business will conquer the world, adding, "just count me a skeptic." Eisman noted Tesla's 2026 consensus EPS of $1.66 puts its 2026 P/E at 220 times, versus 6.5 times for General Motors, and that the estimate sits 59% below Tesla's 2022 peak EPS of $4.07. Tesla's Q2 2026 8-K, filed July 22, 2026, showed revenue of $28.24 billion, up 25.5% year over year, but non-GAAP EPS of $0.33 that missed the $0.54 estimate by 38.5%, operating income down 56.9% to $398 million, and free cash flow of negative $1.09 billion. On the bull side, Tesla has expanded Robotaxi service to seven U.S. metros with unsupervised rides in Austin, Dallas, Houston, Miami, Orlando, and Tampa, reached 1.48 million active FSD subscriptions, up 56% year over year, and plans 2026 CapEx above $25 billion. GM, meanwhile, posted Q2 2026 adjusted EPS of $3.57, beating the $3.18 estimate by 12.1% for a fifth consecutive beat, and raised full-year guidance to EBIT-adjusted of $14.0B to $16.0B and adjusted EPS of $12.00 to $14.00.
Musk Signals Deeper Tesla SpaceX Ties and Terafab Chip Push
Tesla CEO Elon Musk signalled closer operational ties with SpaceX, including potential corporate integration, during recent public comments. Musk highlighted a joint Terafab semiconductor manufacturing effort aimed at supplying custom chips for Tesla vehicles and energy products, and teased the upcoming Tesla Roadster reveal as a showcase for new technology that could leverage SpaceX-related engineering. The hinted Tesla SpaceX integration, the Terafab chip effort and the Roadster technology are only one part of Tesla's broader story, alongside its large electric vehicle operation and its energy storage and generation business. The Terafab partnership and talk of deeper SpaceX integration strengthen the part of the Tesla thesis that relies on tight vertical integration for AI hardware and software, pointing in the same direction as the robotaxi and Optimus plans, where the story depends on owning the full stack rather than relying on external chip suppliers like Nvidia. The news also leans into risks analysts already flag around heavy AI capex, execution complexity and regulatory friction, with a merger or deeper tie-up adding governance and integration questions on top of existing concerns about slower product ramps and already high spending, while competitors such as Mercedes-Benz or BYD keep pushing more conventional EV strategies.
Musk Predicts Solar Will Crush All Other Energy Sources Below 0.1%
Elon Musk doubled down on his solar thesis on Tuesday, predicting on social media platform X that "the solar power exponential will continue until all other energy sources are <<0.1%," and adding in a separate post that "Solar is so obviously the future." Texas is offering a real-world example of the shift, though ERCOT data does not project anything close to Musk's 99.9%-plus scenario: solar supplied 10.4% of ERCOT electricity in 2024, overtaking nuclear at 8.4%, while wind supplied another 24.2%, and installed solar capacity rose from 698 MW in 2016 to 37,443 MW in 2025. The Energy Information Administration said solar's share of ERCOT generation climbed from 4% in 2021 to 12% in 2025, with utility-scale solar generating 45 TWh in the first nine months of 2025, up 50% year over year, and wind and solar together meeting 36% of grid demand; a May EIA forecast projected ERCOT utility-scale solar generation would reach 78 billion kWh in 2026, topping coal's 60 billion kWh for the first time annually. Musk is putting corporate money behind the thesis: Tesla Inc. is considering a $10.1 billion vertically integrated solar-cell plant in Fort Bend County, Texas, and Musk recently said Tesla and Space Exploration Technologies Corp. are each building toward 100 GW per year of solar-production capacity, while acknowledging that "natural gas will still be needed to supplement and bootstrap solar for several years." Solar also sits at the center of SpaceX's broader plans, with the company envisioning large solar arrays powering orbital AI infrastructure.
Tesla Shares Rise 2.32% as Earnings Loom With EPS Seen Down 6%
Tesla ended its latest trading session at $366.37, up 2.32% and ahead of the S&P 500's 1.14% gain, with the Dow up 0.61% and the Nasdaq up 1.69%. Ahead of its upcoming earnings disclosure, the company's projected EPS is $0.47, a 6.00% drop from the same quarter a year earlier, while consensus revenue is forecast at $27.95 billion, a 0.5% decline. For the full fiscal year, Zacks Consensus Estimates project earnings of $1.79 per share and revenue of $105.97 billion, representing changes of +7.83% and +11.75% from the prior year. Tesla currently carries a Zacks Rank of #4 (Sell), and its consensus EPS projection was unchanged over the past 30 days. The stock trades at a Forward P/E of 200.93, a premium to its industry average of 17.48, and a PEG ratio of 8.89 versus an Automotive - Domestic industry average of 1.05.
Musk Hints at Tesla-SpaceX Merger as Terafab Costs Climb
Elon Musk has reignited speculation that Tesla and SpaceX could merge, telling the All-In Summit in Los Angeles on September 14 that with so much close collaboration across so many areas, "who can imagine what action one might take," and adding that combining companies "can't" be discussed on an earnings call and must follow the appropriate process. SpaceX President Gwynne Shotwell, appearing alongside Musk, said SpaceX personnel had already moved into xAI to fill leadership and engineering gaps, describing the businesses as integrating "faster than I thought" though "not fully integrated yet." Tesla and SpaceX shares each fell about 2% on September 14 before edging higher in overnight trading, with TSLA recovering 0.2% and SPCX adding 0.1%. Central to the merger case is Terafab, the joint chip venture between Tesla, SpaceX and xAI confirmed in early 2026, whose first phase alone SpaceX said in a May filing would cost $55 billion, with the full buildout potentially reaching $119 billion and ARK Invest floating a long-term estimate of $1 trillion. Wedbush's Dan Ives puts the odds of a combination at 80% to 90% with a deal expected in the first half of 2027, Jefferies estimates Musk could retain roughly 55.3% voting control in a nil-premium transaction, and JPMorgan calls a tie-up strategically coherent, while BNP Paribas kept an underperform rating on Tesla and warned SpaceX's cash burn could delay any combination.
Windrose Loses 100 China Staff as Tesla Semi Ramps in Nevada
Windrose Technology, the Chinese-European startup once called the biggest challenger to Tesla's electric Semi truck, has lost roughly 100 employees in China after falling behind on wages, the Wall Street Journal reported on September 4, 2026. The company made only a partial payment against an August 30 arbitration deadline, and its CEO is restructuring the business toward a software-only model built on contract manufacturers. Meanwhile, Tesla is still ramping its dedicated Semi factory in Nevada, which began volume production earlier this year and is designed for up to 50,000 trucks annually, though analysts expect only 5,000 to 15,000 Semi deliveries in 2026. WattEV has committed to 370 Tesla Semis, with the first 50 scheduled for delivery in 2026, and Tesla continues to grow its Megacharger network. Tesla's hedge fund count dipped to 116 in the second quarter from 123 in the first quarter of 2026, while total position value rose to $23.79 billion from $23.09 billion, according to Insider Monkey's database.
NHTSA Opens Safety Probe Into Tesla's Driverless Cybercab
NHTSA has opened an investigation into Tesla's Cybercab after the company began offering rides in Austin, Texas, according to reports from WSJ and Reuters on September 4. The agency will examine the technical data and methodology Tesla used to self-certify the two-seat vehicle, which lacks a steering wheel, pedals, accelerator, and mirrors, and will assess whether Tesla correctly determined that certain federal safety standards do not apply to it. Tesla has not sought an exemption for the Cybercab, unlike Amazon's Zoox, which received an exemption in July for its steering-wheel-free robotaxis. NHTSA could require recalls or impose fines if it finds the Cybercab noncompliant. Tesla had 420 autonomous vehicles registered in Texas as of Friday, including 45 Cybercabs, as it begins expanding the robotaxi service.
Tesla Adds Semi Charging at Three California Truck Depots
Tesla will operate high-power charging stations at three new Forum Mobility electric truck depots in California, expanding the charging network its Semi heavy-duty truck needs to grow. The sites in Ontario and Oakland will use Tesla's Megawatt Charging System alongside standard CCS charging ports, and Forum is adding 30 megawatts of charging capacity across them. At Forum's Santa Fe facility in Rancho Dominguez, fleet operators have committed to more than 330 Tesla Semis, and the depot will also serve other commercial electric trucks. Forum already operates Tesla Megachargers at its Port of Long Beach location, which opened in late 2024. Tesla is preparing to take the Semi beyond North America, with a European launch planned for next year, making California an important proving ground for whether growing charging access can turn early fleet commitments into a broader Semi rollout.
Tesla Delivers Record 480,126 Vehicles as Margins Collapse and FSD Subscriptions Jump 56%
Tesla delivered a record 480,126 vehicles in a single quarter, expanded Robotaxi to seven U.S. metros, and grew active FSD subscriptions to 1.48 million, up 56% year-over-year, even as its stock trades at $357.24, down 20.56% year-to-date. The core problem is margin compression: operating margin collapsed to 1.4% in the second quarter, operating income fell 56.88% year-over-year, and free cash flow swung to negative $1.092 billion as capital expenditure surged 141.81%. Wall Street's consensus price target sits at $390.09, with 6 Strong Buys, 16 Buys, 19 Holds, 3 Sells, and 2 Strong Sells, while the article's own model base case is $389.65, a bull case of $465.72, and a bear case of $351.99. Reaching $550 by 2027 would require a 54% gain and a forward price-to-earnings ratio near 234x, hinging on Robotaxi scaling beyond the current seven cities, FSD attach rates climbing past the current 55% of new North American deliveries, and tangible Optimus manufacturing progress. The primary risk is that capital expenditure expected to exceed $25 billion this year could suppress earnings longer than bulls expect.
Tesla Faces September 30 Deadline to Explain Cybercab Safety Compliance
Tesla faced a September 30 deadline to explain to the National Highway Traffic Safety Administration how its Cybercab satisfies federal vehicle-safety requirements. The agency wants details on Tesla's self-certification process, including whether temporary human-driving controls or other equipment were used to establish compliance, and is also seeking information about operating restrictions such as speed, geographic boundaries and time-of-day limits. The questions go straight to the Cybercab's unconventional design, which operates without a traditional steering wheel, pedals or mirrors. Tesla delivered 480,126 vehicles in the second quarter and has already begun Cybercab production, but does not yet provide standalone Cybercab revenue figures, making regulatory progress one of the clearest near-term markers for the program. Tesla shares gained approximately 2.0% to $363.75, a level that trades 8.92% above the GF Value estimate of $333.97.
Musk Promises Excitement at Tesla Roadster Reveal on October 1
Tesla CEO Elon Musk said the upcoming unveiling of the Roadster high-performance vehicle on October 1 will far exceed expectations. Speaking on the All In Podcast via video on Monday, Musk said, "Success is not guaranteed, but excitement is," and added that an audience would be needed to vouch that the demonstration is not AI. Podcast host Jason Calacanis said he had seen a preview of the event and that the demo would blow people's minds, initially believing it was a simulation before Musk confirmed it was real. Musk also hinted at a possible merger between Tesla and SpaceX, citing deep collaboration between the two companies; such a merger could hand Musk an $824 billion payday through terms in the new Tesla CEO pay package approved by investors in November. Tesla had previously filed a patent, granted in August last year, detailing an active aerodynamic system that could generate downforce and potentially make the car hover by reversing airflow.
Tesla to Unveil New Roadster on Oct. 1, 2026, With SpaceX Cold Gas Thrusters
Tesla, Inc. is set to unveil its new Roadster on Oct. 1, 2026, more than eight years after first introducing the concept in 2017, with a teaser released last weekend hinting that the production model will feature Tesla's signature "Cyber" design language. The teaser also highlights SpaceX cold gas thrusters mounted at the rear, and Tesla plans to reveal the Roadster at an event near Waco, TX, with the SpaceX package as the headline feature. Per Elon Musk, the Roadster will reach 60 mph in less than two seconds without the thrusters and in under one second with them. The Roadster was previously expected to debut on April 1, 2026, and the original concept promised a 1.9-second 0-60 mph time, a 620-mile range, a starting price of about $200,000, and a 2020 launch. Separately, Rivian Automotive, Inc. has introduced its R2 SUV in the United States and is considering bringing it to Europe as early as 2028, while Lucid Group, Inc. is preparing to unveil its midsize electric SUV, the Cosmos, this summer, with production expected to begin in late 2026 and an expected starting price below $50,000.
Hedge Funds Cut Long Bets on Magnificent Seven as AI Buildout Shifts to Debt
Global hedge funds trimmed long positions across all of the Magnificent Seven in August as the financing of the AI infrastructure buildout increasingly shifted from equity toward debt-financed structures, according to the Data Insights Crowding Report August 2026 from Data Insights, a division of Hazeltree. Microsoft and Nvidia recorded only modest declines in long holders, while Amazon, Tesla, Meta, Alphabet and Apple saw more meaningful reductions, and short fund participation rose in Amazon, Alphabet and Apple, with a more moderate increase in Meta; Nvidia was the only Magnificent Seven name to see short participation fall. Semiconductor sentiment turned modestly less bullish, with the share of PHLX Semiconductor Sector Index constituents showing net long positioning slipping to 66.7% from 70.0% a month earlier, and MACOM Technology Solutions flipped from short-biased to long-biased, its long-to-short fund count ratio crossing above parity to 1.23x from 0.98x and net long exposure rising to 63.9% from 48.3%. Tim Smith, managing director at Data Insights, Hazeltree, said investor concern stemmed from whether future cash flows will cover the financing costs of the debt funding them, citing Nvidia's move to turn AI into an investable infrastructure asset class supported by financing platforms designed to mobilize more than $500 billion in third-party capital over time. Smith also flagged Alphabet's fall from grace, its long-to-short fund count slipping for the first time this year to 0.92 in August from 1.70 in July, with the shares falling from a high of $377.65 on August 4 to a low of $340.67 on August 20, a peak-to-trough decline of roughly 10%, before closing at $348.06, down 2% from the July 31 close. The report is based on anonymized data covering approximately 16,000 securities and more than 700 global funds across the Americas, EMEA and APAC.
US regulators ask Tesla to answer questions on Cybercab self-certification by September 30
The US National Highway Traffic Safety Administration asked Tesla on the 15th to answer a series of questions by September 30 about whether the self-certification of its Cybercab, a vehicle designed exclusively as an unmanned autonomous taxi, was carried out properly. Tesla must answer questions including whether temporarily installed human driving controls and other equipment were part of the basis for its compliance certification. The Cybercab does not have conventional manual controls such as a steering wheel, brake pedal, accelerator pedal or rearview mirrors. NHTSA asked Tesla to confirm whether the Cybercab can be driven by a human driver and whether the touchscreen inside the vehicle includes controls allowing an occupant to operate it. Tesla was also asked to answer questions about top speed, geographic or time-of-day restrictions, and other limits on the robotaxi. Tesla began commercial operation of the Cybercab with a small number of vehicles in Austin, in the southern state of Texas, on September 3.
Tesla Cybercab Launch Underwhelms as Waymo Keeps Robotaxi Lead
Tesla's long-awaited Cybercab launch in Austin on September 3 failed to impress Wall Street, leaving Alphabet's Waymo as the clear robotaxi leader. The invitation-only event was not livestreamed and CEO Elon Musk was absent, with the company's main public update a 51-second video on X of the two-seat, steering-wheel-free vehicle; shares rose roughly 5% during the session to near $376 before plunging as much as 6% on September 4 as investors found little detail on deployment timelines, production ramp, or regulatory clearance. Only 45 Cybercabs were registered in Texas, and Tesla did not seek an NHTSA exemption before deployment, instead self-certifying the vehicle as compliant with federal safety standards, prompting NHTSA to open an audit into that certification and order Tesla to provide more information on the basis for its compliance claims. Waymo, by contrast, operates more than 4,000 autonomous vehicles across its U.S. fleet and more than 500,000 fully autonomous rides per week, an operational track record Tesla is still chasing. Analysts are divided, with Future Fund's Gary Black calling the debut largely a bust while Deepwater Asset Management's Gene Munster predicted Tesla will add approximately 300 Cybercabs in Austin over the next month, and with robotaxi success ascribed up to half of Tesla's total valuation, the market's verdict on Cybercab's credibility carries outsized weight.
Musk Promises Tesla Reveal on October 1 as Bettors Price Roadster Delivery at 4.5%
Elon Musk said a Tesla Roadster unveil is coming on October 1, telling an All-In Summit appearance published September 14, 2026 alongside SpaceX president Gwynne Shotwell that "It'll be a banger. Excitement guaranteed. Success is not guaranteed, but excitement is," and adding that "We actually need an audience to vouch for the fact that this is not AI." Venture investor Chamath Palihapitiya reposted the Roadster clip to his X audience with the caption "We will all be witnesses," drawing more than 48,000 impressions within hours. Prediction market bettors are far less convinced: on Polymarket, the "Tesla Roadster delivered by...?" market prices a Roadster delivery by December 31, 2026 at 4.5% and by December 31, 2027 at 61%, while a separate contract on whether Tesla will release Optimus by December 31, 2026 sits at 4.2% yes, up only slightly from 3.0% on September 8, though the Roadster market has traded just about $1,019 in total volume, making the prices sentiment signals only. Tesla reported Q2 2026 revenue of $28.24 billion, up 25.5% year over year and beating expectations of $26.36 billion, while non-GAAP EPS of $0.33 came in below the $0.54 estimate as operating expenses surged 47% to $4.35 billion on AI infrastructure and stock-based comp tied to the 2025 CEO Performance Award. Tesla traded at $360.45 on September 15, 2026, down 19.85% year to date and down 8.96% over the past year, against a market cap of roughly $1.43 trillion and a P/E ratio near 374.
Tesla Reclaims 52% US EV Market Share as Rivals Retreat
Tesla has reclaimed a 52% share of the US electric vehicle market even as overall industry sales fell 30% through August, according to The Wall Street Journal, while Tesla's own sales were off 16%. The recovery follows a brutal stretch in which Tesla stock fell from $436 a share at the start of 2025 to $240 by late April, wiping out more than $500 billion in market capitalization, and S&P Global Mobility Research found brand loyalty had plunged. GM, Ford, and rivals based in South Korea and Europe have largely abandoned their US EV ambitions and retooled factories for other products, leaving Tesla with virtually no serious domestic competition. Tesla now relies on just two models, the Model Y and Model 3, after discontinuing the Model S and Model X, and no major overhaul appears planned in the near term. Its Full Self-Driving Supervised software is widely regarded as the industry's best, and a large base of subscribers paying $99 a month positions Tesla to capitalize quickly if regulators approve real self-driving.
Tesla to Unveil Long-Delayed Roadster on October 1
Tesla is preparing to unveil its long-delayed next-generation Roadster on October 1, giving Elon Musk another chance to prove the electric-vehicle maker can turn years of ambitious promises into a production-ready product. The event is expected to take place at SpaceX's test facility in McGregor, Texas, with attention likely centered on a possible demonstration using SpaceX-derived cold-gas thrusters, and Tesla could also update the car's core specifications, including previous targets of zero to 60 mph in 1.9 seconds, a top speed above 250 mph and roughly 620 miles of range from an approximately 200-kWh battery. The Roadster was first unveiled in 2017, but its planned launch has repeatedly slipped, having been delayed at least eight times, which makes execution particularly important this time. Tesla shares entered Monday down roughly 18% in 2026 despite a recent rebound, while the stock fell about 1.7% in premarket trading, and the reveal arrives after Tesla delivered 480,126 vehicles during the second quarter, up sharply from 358,023 in the first quarter. Investors should watch for a firm production start, customer-delivery date, final price and evidence that headline performance claims can reach production vehicles, though Roadster volumes are unlikely to materially change near-term financial results.
Tesla Falls Nearly 2% as Musk Backs Slower AI Development
Tesla shares traded about 1.9% lower at $358.58 on Monday after Barron's reported that Elon Musk backed calls for a slower pace of AI development, sharpening scrutiny of the company's autonomy story. The electric-vehicle, energy-storage and autonomy company remains valued above GuruFocus's GF Value estimate of $333.89, leaving the stock 7.39% above that level. Tesla's operating base still rests on real volume: its second-quarter production update showed more than 480,000 vehicle deliveries and 13.5 gigawatt-hours of energy-storage deployments. Those proven businesses stand apart from the harder-to-measure economics of autonomous transportation, humanoid robots and future AI services, where investors still need clearer evidence on utilization, margins, safety performance and recurring revenue. Musk's comments do not automatically change Tesla's near-term vehicle or energy forecasts, but they reinforce the case for valuing proven operations separately from businesses still being built.
Tesla Rolls Out v14.3.9 Update Letting Cars Steer to Avoid Crashes Without FSD
Tesla is rolling out software update FSD Supervised v14.3.9, which lets its vehicles activate on the driver's behalf and steer to avoid an imminent collision even if Full Self-Driving was never engaged. Tesla AI announced the rollout on Sep 4, 2026, saying the feature kicks in when Automatic Emergency Braking may not be enough, and Elon Musk amplified the post on Sep 14, 2026, reaching nearly 500,000 impressions. The push comes as paid FSD customers globally reached nearly 1.5 million, with active FSD subscriptions climbing 56% year over year to 1.48 million, and roughly 55% of Tesla's North American deliveries in Q2 2026 had an FSD subscription enabled at delivery. Two days before the retweet, on Sep 12, 2026, Musk endorsed Anthropic CEO Dario Amodei's call to slow AI development, a contradiction Barron's flagged in a headline noting Tesla stock dropped as Musk added to the chorus of AI concern. Tesla shares traded at $365.88 on Sep 14, 2026, down 18.64% year to date, with a market cap near $1.43 trillion and a P/E around 380. Open questions include the v14.3.9 rollout scope across trims, whether the intervention runs on cars that never enabled FSD, and any regulator notification.
Waymo Opens Robotaxi Service to Public in Las Vegas
Waymo has begun opening its robotaxi service to the public in Las Vegas, just weeks after receiving final approval from Nevada transportation regulators. The Alphabet-owned company said Monday it will invite public riders on a rolling basis, following a playbook it has used in 14 other cities, starting with dozens of its new Ojai minivan robotaxis serving an area that includes the Strip south of Highway 589 and into Boulder Junction. Las Vegas is Waymo's 15th market, and competitors Tesla, Zoox, and Motional are also planning to launch commercial robotaxi services there. Under approvals from the Nevada Transportation Authority to operate in Clark County, Waymo is authorized to operate up to 1,000 autonomous vehicles over the next year, Tesla up to 5,000, and Uber up to 1,000 robotaxis through partnerships with Hyundai subsidiary Motional and Zoox, permits that together would deploy up to 8,000 robotaxis across the county over the next 12 months. Waymo currently has a fleet of more than 4,000 robotaxis spread across more than a dozen cities, and Tesla's Cybercab chief engineer Eric Early told state regulators in August that he didn't think the company would be extremely happy and satisfied if it could get up to 2,500, maybe a bit higher, in the next year.
Tesla Registers Vietnam Subsidiary as China Market Share Slides
Tesla Inc. is expanding into Vietnam, establishing a local subsidiary authorized to import, distribute and sell vehicles as competition intensifies in neighboring China. Tesla Motors Vietnam was registered in Ho Chi Minh City on Sept. 11 with roughly $3 million in charter capital, according to Reuters, though Tesla has not yet said when vehicle sales will begin. The move comes as Tesla's share of China's battery-electric vehicle market fell to 6.6% in the second quarter from more than 15% in 2020, with China retail sales down 12.4% year over year in August to 50,047 vehicles. In Vietnam, Tesla will face homegrown competitor VinFast Auto Ltd., which delivered 20,161 EVs domestically in August, taking preliminary domestic deliveries to 154,073 through the first eight months of 2026. Meanwhile, Kalshi traders put a 55% chance on Tesla topping 490,000 deliveries in the third quarter but only a 42% chance of exceeding 495,000, leaning toward a year-over-year decline from the record 497,099 vehicles delivered in the third quarter of 2025.
Tesla Gets Buy Rating and $389.34 Target as Robotaxi and Optimus Build $465 Bull Case
24/7 Wall St. rates Tesla a buy with a $389.34 price target, implying 6.54% upside from the current price of $365.44 at 90% confidence. Tesla's Q2 FY26 delivered a record 480,126 deliveries and revenue of $28.24 billion, up 25.5% year over year, but non-GAAP EPS of $0.33 missed the $0.54 estimate, CapEx more than doubled to $5.79 billion, and free cash flow swung to negative $1.09 billion. The bull case points to $465.56, or 27.4% upside, citing Robotaxi's more than 380,000 miles of unsupervised operation, Optimus targets of 1 million units a year for Gen 3 and 10 million for Gen 4, and energy deployments of 13.5 GWh in Q2 with Megapack 3 launching in 2026. At a trailing P/E of 380, Tesla has little margin for error, with operating margin compressed to 1.4% in Q2 and management guiding CapEx above $25 billion for 2026, while the bear case one-year target is $351.77. By comparison, NVIDIA trades at a P/E of 44 with a 60% operating margin, and Alphabet, whose Waymo logs 500,000 fully autonomous rides a week, trades at a P/E of only 15.
Tesla Registers Vietnam Subsidiary With $3M Charter Capital
Tesla has established a subsidiary in Vietnam, formally entering one of Southeast Asia's fastest-growing EV markets, according to a Reuters report citing a business registration filing. The new entity, Tesla Motors Vietnam Limited Liability Company, was registered in Ho Chi Minh City on September 11 with charter capital of 77.667 billion dong, or about $3M. The company is authorized to conduct wholesale and retail sales of automobiles, vehicle parts, machinery, and equipment, as well as related import, export, and distribution activities. The registration lists David Jon Feinstein, a U.S. national with an Austin, Texas address, as chairman, Isabel Ching Fan as general director, and Nguyen Manh Hung as assistant to the general director. The move comes as Vietnam's EV market gains momentum, led by domestic automaker VinFast, which delivered 137,697 EVs in the country in the first seven months of 2026, while Tesla's official website does not currently list Vietnam among its markets with stores, service centers, or superchargers.
Tesla Plans to Bring Electric Truck 'Semi' to European Market
U.S. electric vehicle giant Tesla has revealed plans to bring its heavy-duty truck, the Semi, to the European market. In a post on X, the company said it will announce European specifications and launch details at an international commercial vehicle and transport trade fair to be held in Hanover, northern Germany, during the week of the 14th. The Semi was unveiled in 2017 and initially targeted the start of production in 2019, but it was repeatedly delayed as the company prioritized supplying battery cells for passenger cars, and in late 2022 it began limited deliveries in the United States to customers such as PepsiCo. In April, Tesla announced that the first Semi had rolled off a mass-production line in the western U.S. state of Nevada, but in a report to shareholders in July it withdrew its earlier forecast of starting mass production within the year, saying only that production would begin in 2026. Its German-language website lists a model with a gross combined weight of 40 tons, energy consumption of about 1 kilowatt-hour per kilometer, and a range of up to 550 kilometers.
JPMorgan Projects $320B Tesla Robotaxi Revenue by 2035, Nearly All From Tesla-Owned Fleet
JPMorgan analyst Rajat Gupta circulated a note projecting Tesla robotaxi revenue of roughly $320 billion by 2035, with nearly all of it, about $314 billion, coming from a Tesla-owned and operated fleet rather than a customer-owned "Tesla Network." The framework effectively retires the long-standing pitch that individual owners would earn passive income by enrolling personal cars in a shared ride network, with owner-network contribution put at only about $5 billion of the $320 billion total. The note reframes the robotaxi opportunity as a capital-heavy mobility operator business, closer to a scaled-up Waymo than an asset-light software platform, and raises both the long-term ceiling on Tesla stock and the execution bar. Tesla reported Q2 FY2026 revenue of $28.24B, up 25.5% year over year, while non-GAAP EPS of $0.33 missed the $0.54 consensus, Q2 operating margin compressed to 1.4%, and free cash flow swung to -$1.09B. Robotaxi service now spans seven U.S. metros with 1.48 million active FSD subscriptions, up 56% year over year, and CFO Vaibhav Taneja guided 2026 capital expenditures above $25 billion to fund fleet expansion.
Goldman Sachs Projects 6.5 Million Humanoid Robots Shipped by 2035
Goldman Sachs now projects 6.5 million humanoid robot units shipped globally by 2035, a sharp upgrade to its prior modeling, in a new Physical AI research report. The firm sees the ramp arriving in phases: 75,000 units in 2026, 890,000 by 2030, revised up from a prior estimate of 256,000, and 6.5 million by 2035, representing a $138 billion market opportunity led by logistics, warehousing, and automotive. Goldman itself reported record Q2 2026 net revenues of $20.3 billion and record EPS of $20.98, with CEO David Solomon describing an AI CapEx super cycle with demands on financing across every instrument, region, and industry. On the compute layer, NVIDIA posted Q2 FY27 revenue of $96.22B, up 105.85% year over year, and guided Q3 to $108.0B, while CEO Jensen Huang said Amazon will adopt its full physical AI stack to power its fleet of warehouse robots. On the foundry layer, TSMC guided Q3 2026 revenue between $44.6 billion and $45.8 billion and expects full-year 2026 revenue growth slightly above 40% year-over-year in U.S. dollar terms, and on the test-and-automation layer, Teradyne reported Q2 2026 revenue of $1.329B, up 103.9% year over year, with Robotics revenue of $100 million, up 33% year over year. Tesla is installing first-generation Optimus production lines at Fremont after decommissioning Model S and X lines, with Elon Musk describing an aspirational target of 10 million units a year of Optimus 4 versus a million units a year of Optimus 3, while the risk alongside the opportunity is a governance one, as Anthropic employees have cited a 10% chance AI wipes out humankind within 10 years and OpenAI CEO Sam Altman has floated an agreement among major AI developers to slow down.
Amazon's Zoox Expands Robotaxi Service Into San Francisco, Challenging Waymo
Amazon.com Inc.'s Zoox is expanding its robotaxi service in San Francisco, taking direct aim at Waymo and intensifying competition that also includes Tesla Inc. Zoox has received a federal exemption allowing it to commercially deploy up to 2,500 purpose-built robotaxis annually for two years, though its San Francisco service still operates under California's driverless pilot program rather than a permit for paid driverless passenger service. The company launched its San Francisco service to public riders from a waitlist in November 2025, originally serving the SoMa, Mission, and Design District neighborhoods, and quadrupled its San Francisco service area in spring 2026, while its first paid commercial service began in Las Vegas in August 2026. Waymo remains the clear market leader in San Francisco, operating across a Bay Area service footprint of more than 330 square miles, while Tesla operates modified Model Y vehicles in Austin, Dallas, Houston, and parts of Florida, with its purpose-built Cybercab now offering limited paid Robotaxi rides in Austin. According to Mordor Intelligence, global ride-hailing revenue is expected to increase from $224.84 billion in 2025 to $266.28 billion in 2026 and ultimately to $513.77 billion by 2031, representing a 14.05% compound annual growth rate, with e-hailing accounting for 73.62% of 2025 revenue.
Tesla Warns UK Driverless Car Rules Will Stifle Innovation
Tesla has attacked Britain over driverless car laws it says will "stifle innovation" and leave the UK falling behind the rest of the world. In a submission to the Department for Transport, the US carmaker warned that rules requiring vehicles marketed as self-driving to be fully autonomous "risk eroding brand confidence and deterring investment in the UK," and said the legislation would cost it "billions of dollars." The DfT did not name Tesla as the author of the complaint but said it came from a company that would have to change its branding, identifying Tesla as the only such company; a government impact assessment said Tesla would have to drop references to "self-driving" if it introduced its full self-driving system in the UK. Tesla's FSD, which can accelerate, steer, navigate junctions and park but requires driver supervision with hands on the wheel, has not been approved in the UK, where the company still offers a £99 monthly subscription to a basic version of the capability. The laws requiring the term "self-driving" to be dropped come into force in January, as Britain prepares to allow autonomous taxis in the coming months.
Musk Calls Sun a Free Fusion Reactor as Tesla Energy Revenue Hits $3.1B
Elon Musk used his X account on September 11, 2026, to call the sun "an enormous, free fusion reactor in the sky" and dismiss terrestrial fusion as "pet science projects," predicting solar will eventually round up to 100% of energy harnessed. The post drew 33.2 million views and restates the philosophical spine of Tesla's energy strategy, which showed up in the numbers: the Energy Generation and Storage segment posted Q2 2026 revenue of $3.139 billion, up 13% year over year, with storage deployments of 13.5 GWh, a 41% YoY jump. CFO Vaibhav Taneja said the energy business should normalize at a gross margin rate in the mid to low 20% range after gross margin compressed from 39.5% to 20.4%, partly on a $240 million warranty true-up and lapsed tariff benefits. Musk is pairing the vision with capital: Taneja said capital expenditures this year will exceed $25 billion and are expected to grow for the next two or three years across solar manufacturing, Megapack production, semiconductor fabs and AI compute, backed by debt facilities of up to $30 billion. The buildout is already weighing on results, with Q2 2026 capex of $5.789 billion, up 141.8% YoY, operating income down 56.9% to $398 million, free cash flow at negative $1.092 billion, and non-GAAP EPS of $0.33 missing the $0.54 consensus, while the EIA's Annual Energy Outlook 2026 baseline projects solar at roughly 20% of U.S. generation by 2050.
Magnificent 7 Generate $2.3 Billion in Daily Operating Profits, Led by NVIDIA
The seven companies known as the Magnificent 7 collectively generate roughly $2.3 billion in operating profits every single day on a trailing 12-month basis, with NVIDIA leading the group at $541 million in daily operating income, up 124% year over year. Microsoft follows at $425 million per day, Apple at $424 million, Alphabet at $404 million, Amazon at $257 million, Meta Platforms at $238 million, and Tesla at $13 million. NVIDIA posted $63.734 billion in operating income for the quarter ending July 31, 2026, up 124.1% year over year, with Data Center revenue of $89.023 billion, while Microsoft's commercial remaining performance obligation reached $678 billion, up 84%, and Alphabet's cloud backlog of $514 billion alone exceeds the total market cap of most companies. Despite the earnings horsepower, share-price behavior has diverged sharply, with Apple up 44.98% over one year, Alphabet up 39.68%, NVIDIA up 23.5%, Microsoft essentially flat at -0.26%, Meta down -13.42%, and Tesla down -18.74% year to date. NVIDIA guided Q3 fiscal 2027 revenue to $108.0 billion plus or minus 2%, and CEO Jensen Huang told investors the company expects fiscal 2028 revenue to grow approximately 70% while remaining supply constrained.
Tesla China-Made EV Sales Rise 3.6% in August, a Sharp Slowdown From July
Tesla's China-made electric vehicle sales grew just 3.6% year over year in August, a sharp slowdown from July's 38% gain, according to China Passenger Car Association data reported by Reuters on September 2. The Shanghai factory, which builds Model 3 and Model Y vehicles for domestic sale and for export to Europe, Asia Pacific, and Canada, shipped 86,166 units in August, down 7.9% from July's total, marking a tenth straight month of year-over-year growth but a clear deceleration. European registration data showed diverging fortunes, with strong gains in France and Denmark contrasting against weaker sales in Norway, Spain, Sweden, Portugal, and Italy. The slowdown comes as domestic Chinese rivals push more affordable, feature-rich EVs deeper into the market, and Tesla's China business has shown broader strain: the country's share of Tesla's global delivery volume fell below 30% in the second quarter for the first time since late 2020, while domestic China deliveries have now declined for five consecutive quarters even as exports drove headline growth.
Tesla Rises as Morgan Stanley Sees $17 Billion Semi Software Opportunity
Tesla climbed approximately 0.7% to $365.865 on Friday as Morgan Stanley argued investors may be overlooking the earnings potential of the Semi's autonomous software. The firm estimates a fully autonomous Semi could command a Full Self-Driving subscription of $12,000 to $18,000 per month, far above the roughly $100 charged for consumer vehicles. Its 2040 scenario includes 82,000 Semis generating $17 billion in subscription revenue and $7.5 billion in earnings before interest and taxes, implying an EBIT margin of roughly 44%. Tesla began volume production in May and is targeting annual capacity of 50,000 trucks. Diesel prices nearing $6 a gallon sharpened the financial case for the electric truck, though Tesla must still deliver commercial heavy-truck autonomy to turn the vision into an actual business.
Musk Backs Anthropic's 15% US GDP Growth Scenario Once Humanoid Robots Reach Volume Production
Elon Musk said Anthropic's most extreme AI-growth scenario will "certainly be true" once humanoid robots reach volume production, responding Wednesday to a Polymarket post about Anthropic's economic scenario explorer. The extreme case models annual U.S. GDP growth of roughly 15%, enough to double the economy every 4.5 years, though Anthropic stresses the scenario is conditional rather than a forecast. Under those assumptions, Anthropic estimates U.S. GDP could reach $44.4 trillion in 2030, 32.4% above its no-AI baseline, while labor's share of output falls to 45.2% from roughly 60% and capital captures 54.8%. Anthropic acknowledges its model excludes scenarios involving "hyper-capable robots," making Musk's response relevant because Tesla is extending AI into physical work through Optimus, which it describes as a general-purpose autonomous humanoid and potentially its biggest-ever product. Musk separately predicted Wednesday that "AI+robots will more than double the global economy in less than 10 years."
BYD Takes 35.4% of China NEV Exports as Tesla China Slips to Fourth
BYD captured 35.4% of China's passenger new energy vehicle exports in August, while Tesla China fell to fourth place with 7.0%, according to China Passenger Car Association figures published by CnEVPost. BYD exported 183,746 passenger NEVs in August, up 130.8% from a year earlier and 5.8% from July, with its share climbing from July's 32.2%. Tesla China exported 36,119 vehicles, down 45.5% month over month, as its share fell from 12.3% in July and it dropped from third to fourth behind Geely and Chery. Through the first eight months of 2026, BYD shipped 1,126,797 NEVs abroad for a 33.9% share, against Tesla China's 331,443 and 10.0%. BYD now expects to sell more than 2.5 million vehicles overseas in 2027, a target disclosed in a Deutsche Bank research note after management's post-earnings call, and it lifted 2026 overseas guidance to between 1.9 million and 2.0 million vehicles from 1.3 million at the start of the year. Profit per vehicle sold overseas ran about 20,000 yuan, or roughly $2,950, in the first half despite currency headwinds, management said on the call.
Bualuang broker says KCE PCB production for TESLA robots opens new upside
Bualuang Securities issued an analysis of KCE Electronics Public Company Limited, or KCE, noting reports that KCE is in the process of limited-volume printed circuit board production to test systems and the actual production line before beginning mass production, or pilot production, of PCB Optimus. If confirmed, this would open new upside for KCE. Meanwhile, Tesla is installing the first-generation Optimus production line at Fremont to prepare for production to begin in 2026, with that line designed for a long-term robot capacity of 1 million units per year. The second-generation line at Giga Texas is designed for long-term capacity of up to 10 million units per year. Bualuang research assumes one humanoid has about 40 to 50 PCB boards, with an average area of about 80 square centimeters per board, or 0.09 square feet. Compared with KCE, which currently has an average selling price of about US$14 per square foot and HDI at about US$18 per square foot, the research assumes a humanoid PCB ASP of US$22 per square foot, a premium of about 20% over current Auto HDI, which is still below selected AI and datacom PCB at around US$60 to US$100 or more per square foot. Based on these assumptions, one humanoid would have an addressable PCB value of about US$80 to US$95, or roughly US$90 per robot. Based on the Fremont designed capacity of 1 million robots per year, that equals a PCB opportunity of about US$90 million per year. If KCE can capture 10% of that content, it would generate additional revenue of about US$9 million per year, using only about 1% of KCE's production capacity, or about 2% of current revenue. At a gross margin of 25%, the research house estimates incremental profit of about 5% and sees that the potential of humanoids offers much more room to grow, which would also lead to a re-rating of its PER. Based on a 2027 PER of 40 times, that implies a price of about 70 baht. This afternoon, KCE informed the Stock Exchange of Thailand that, following some social media reports about the possibility of trading goods with a company in the United States, the company wishes to clarify that it is in the process of operations but has not reached any conclusion, and asks the public, investors, and related parties to consider information from the company's official channels and verifiable information. KCE shares in the afternoon were at 66.25 baht, up 7.75 baht, or 13.25%, with heavy trading value of 5.30211 billion baht.
Tesla Unveils Robotaxi 'Cybercab' in Japan for the First Time; Domestic Rollout Undecided
U.S. electric vehicle giant Tesla on the 11th unveiled its dedicated autonomous robotaxi vehicle, the "Cybercab," in Japan for the first time. The vehicle has no driver's seat, steering wheel, pedals, or mirrors, and a ride-hailing service using the vehicle began in some areas of Texas in September. A rollout in Japan is undecided at this point, but Tesla Japan President Rishi Hashimoto said, "If there's a chance, we'd like to do it," adding, "We want to launch when Japan's legal framework and our safety can be achieved together." To drive it in Japan, the company must obtain safety standard relaxation certification and type designation as a Level 4 autonomous vehicle from the Ministry of Land, Infrastructure, Transport and Tourism, as well as specific autonomous operation permits from the prefectural public safety commissions with jurisdiction over the approved operating areas, meaning it must clear two major regulatory hurdles. The company began mass production of the Cybercab in the United States in April this year; instead of a driver, eight cameras and AI handle everything from perceiving the surroundings to driving maneuvers, and the vehicle is equipped with its proprietary advanced driver assistance system, Full Self-Driving. Regarding the aim of the display in Japan, President Hashimoto explained, "We want people to feel Tesla's cutting-edge technology up close. We want them to actually understand that this is being implemented, not just a pie in the sky," and indicated the company will prioritize bringing FSD to Japan, aiming for sometime in 2026.
Tesla Falls 0.6% as China's Vehicle Surplus Threatens Global Pricing
Tesla shares slipped about 0.6% to $365.46 on Thursday as China's vehicle surplus intensified pressure on the electric-vehicle maker. China can build nearly twice as many vehicles as its domestic market absorbs, pushing excess supply into overseas markets and threatening pricing power far beyond China. A Sinopec researcher forecast that electric vehicles could capture 75% to 80% of Chinese auto sales by 2030, up from 65% in July. Tesla delivered 480,126 vehicles worldwide in the second quarter, including 467,762 Model 3 and Model Y vehicles, while automotive gross margin was 16.3%, capital expenditures hit $5.8 billion and free cash flow was negative by roughly $1.1 billion. The squeeze matters because Tesla's automobiles still fund its expensive autonomy and robotics ambitions, and its $365.46 share price stands 9.51% above its $333.73 GF Value.
Ford Faces US Scrutiny Over CATL and Geely China Ties
Ford Motor Company is facing scrutiny from U.S. Transportation Secretary Sean Duffy over its business relationships with Chinese companies, including battery supplier CATL and automaker Geely Automobile Holdings Limited. Ford's partnership with CATL centers on battery technology and supply, under a 2022 global strategic cooperation in which CATL would supply lithium-iron-phosphate battery packs for vehicles such as the Mustang Mach-E and F-150 Lightning, with Ford structuring its Michigan LFP battery project around licensing CATL's technology rather than having CATL own or operate the facility. Ford's relationship with Geely is broader, and in July 2026 the companies announced plans to establish a joint venture at Ford's Valencia plant in Spain to produce Ford- and Geely-branded multi-energy passenger vehicles for the European market. The two companies also have historical links, as Ford sold Volvo Cars to Geely in 2010. Separately, Tesla faces a National Highway Traffic Safety Administration investigation into the certification of nearly 1,000 Cybercabs, and General Motors faces an expanded U.S. safety investigation into engine failures affecting nearly one million pickup trucks and SUVs.
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