News
A Tesla Motors Hit Job via Australia’s News Limited
It’s great to see that Australia’s News Limited site is completely nefarious when it comes to a new automaker landing on its shores. How dare Tesla Motors bring innovation and a new drivetrain to our shores, and think Australians will get the truth about these electricity-draining, “special” vehicles from Rupert Murdoch’s media site news.com.au.
Last week, Teslarati documented deliveries of Model S vehicles to Australia and then I saw this article via Uncle Rupert’s site, “Tesla electric car has its plug pulled because its recharger needs too much power.”
That was quick. Looks like the Australian market for Tesla is gone due to these Australian rubes not having electricity, right?
The article insinuates how the “dual-charger” option is not easy to install in residential homes and plus it “may” cost around $10,000 for it to installed. However, the hit-job never describes the range of charging options for a Tesla product or, actually, uses the word “dual-charger” in its description.
It’s a doozy.
This is the “beginning” of the article: “Unlike other electric cars, the Tesla cannot be recharged via a normal power point and requires a special charger to be installed at home or work at a cost of up to $10,000—and may also need to have the local electricity substation upgraded at a cost of more than $50,000, according to experts.”
According to what experts? This is mind-numbing but what if you’re not an engineer, auto enthusiast or early adopter? This first sentence allows a person to draw a pretty quick conclusion on these “fancy, electric cars” from that Billionaire in the U.S.
The article does allow Tesla to chime in, though, in the thirteenth paragraph.
Here’s the quote from Tesla spokesman, Heath Walker,“Most houses can cope with (the 40 amp charger) due to off-peak (electricity demand),” said Mr Walker.
Or, he could have said, “Last time I checked, Australia is not on the moon.”
Other evil tripe from the article:
- Despite the uncertainty and restrictions, an estimated 50 Australians have placed orders for the new Tesla Model S which costs between $100,000 and $220,000 depending on options and battery range. ($222,000?)
- Electric cars already on sale in Australia can be charged on 10 amp household power or require a relatively simple 15 amp upgrade for about $400. But because the Tesla requires a 40 amp single phase charger, the Master Electricians Association says there may be restrictions on upgrading household power supply and connecting to the local electricity grid. (Again, no mention of the charging options for the car.)
Wherever Rupert breathes, the Against-It freaks will be waiting to provide misinformation and “hit-jobs” about this American beauty.
Investor's Corner
Tesla gets its latest short from Michael Burry: ‘Happy it jumped back to this level’
Tesla short seller Michael Burry, the subject of the film “The Big Short,” where he was portrayed by Steve Carell, has revealed he has opened a new bet against the stock.
In a new update to his Substack newsletter in a post titled “Trading Post June 30, 2026,” Burry revealed a new set of bets against Tesla, Caterpillar, NVIDIA, Applied Materials Inc., and the iShares Semiconductor ETF.
In regard to Tesla, Burry wrote:
“And finally I shorted Tesla at 416.22. Happy it jumped back to this level.”
This means Burry likely opened his new short position after the company’s recent rally on Wall Street, which saw Tesla shares sink in mid-May, only to recover to well over the $400 mark. Currently, shares trade at around $427.
The company saw a big Tuesday as shares climbed considerably, over 10 percent. The size of the Tesla short was not provided, nor did Burry give any information on the position’s structure, the number of shares, dollar value, or whether options were used in the short.
The Tesla and SpaceX merger everyone is talking about is quietly building
Over the years, Burry has been one of the more vocal critics of Tesla, calling its share price “media inflated,” and saying it was “ridiculously overvalued” as recently as December.
The company has largely transitioned away from being known as an automotive company and instead is much more widely regarded as an AI play, mostly due to its Full Self-Driving efforts, Optimus robot development, and data collection related to both.
This has not pulled those skeptics away from being vocal about their distaste for how Tesla is valued, but there’s no denying that the company is a global force in many things, including sustainable energy, automotive, and AI.
Wedbush Securities is initiating stock coverage on SpaceX (NASDAQ: SPCX), marking the first comments on the company since it went public several weeks ago. Wedbush and its analyst handling coverage, Dan Ives, are widely bullish on fellow Musk company Tesla (NASDAQ: TSLA).
Ives wrote his first note initiating coverage of SpaceX shares on Wednesday with a $190 price target and an ‘Outperform’ rating. The firm believes the company is well positioned off of its IPO because of its wide array of projects, including AI compute power and infrastructure, connectivity projects, and launches.
“We view SpaceX as one of the most differentiated assets within the tech market with a strong footprint across its three core markets, with Starlink driving success with connectivity,” Ives wrote, “Starship launches leading to a demand flywheel and increasing deal flow for its Colossus clusters.”
Elon Musk called it Epic: The full story of SpaceX’s Starship Flight 12
Wedbush leans heavily on Starlink, which they say is the “profitability driver given the strength of its recurring revenue base of ~12 million subscribers as of June 5th.” Ives believes Starlink is still in the “early innings” of penetrating the global telecommunications and broadband market, as it only holds less than a 1 percent share. However, this number is sure to increase over time.
It also highlights the importance of Starship, which it says is an “essential layer” of SpaceX’s overall success. SpaceX developing and displaying the ability to reuse rockets is a major cost and reliability advantage “as it reduces the necessary hardware launch costs while generating a feedback loop for future flights to improve their launch flight rate without accelerating capex spend.”
Finally, SpaceX’s recent AI/Compute projects are also very elementary, Ives writes. It is worth mentioning Wedbush said its $190 price target is derived from a valuation forecast that sees the company yielding roughly $2.48 trillion of implied enterprise value.
There are also some factors that Wedbush did not take into account with its initial coverage. The firm wrote in the note:
“We note that there is optional value coming from Starship’s accelerating scale towards sub-$200/kg unit economics, orbital data centers, and enterprise AI monetization as these factors could drive meaningful upside but these face major hurdles, so we do not take that into account with our valuation.”
SpaceX shares are down just over 2 percent today, trading at around $167 at the time of publication.
Tesla has expanded the footprint of a massive safety feature worldwide with a recent Software Update labeled as 2026.20.6. The expansion of the “Blind Spot Warning While Parked” feature represents the more widespread availability of the feature, which aims to prevent “dooring.”
Dooring is when a driver or passenger opens a car door into the path of an oncoming road user, usually a cyclist or motorcyclist. It is among the most common types of cycling accidents, the League of American Bicyclists says.
For this reason, Tesla created a feature that warns occupants not to open the door because an object is approaching. The feature will sound a chime, and it will also delay the opening of the door to prevent an incident.
The release notes state (via Not a Tesla App):
“If you attempt to open a door while an approaching object is detected in your blind spot (for example, a bicyclist approaching from behind) a chime sounds, and your door will not open upon initial button press. Wait a short time and press the button a second time to override the warning.”
Tesla initially rolled out this feature back in 2024 with the Model 3 “Highland.” However, it remained with the Model 3 exclusively for over a year; that was until Tesla added it to the Cybertruck this past Spring.
Now, it is making its way to the new Model Y, 2021 and newer Model S, and 2021 or newer Model X.
The prevention of dooring incidents could eliminate many injuries to cyclists, especially in an urban setting. Dooring accounts for 10-20 percent of bike-related crashes in major cities, and over 17,000 dooring-related incidents were treated in the U.S. over the course of a decade. These usually involve fractures, contusions, and head trauma.
Tesla gets its latest short from Michael Burry: ‘Happy it jumped back to this level’
SpaceX gets initial stock coverage from Tesla’s biggest bull
