Investor's Corner
Revel raises $126M in new funding round led by BlackRock, funds will expand fast-charging network
Revel has announced a new funding round led by BlackRock Renewable Power, which resulted in $126 million Series B. The funds will be used to expand Revel’s infrastructure of electric vehicle fast chargers.
Revel raised $126 million with BlackRock, Toyota Ventures, Maniv Mobility, and Goodyear Ventures participating in the fundraising round. Other investors included Shell Ventures, Broadscale Group, the St Baker Energy Innovation Fund, Obsidian Ventures, and an account managed by Knighthead Capital Management, according to a release from Revel. The company also stated that representatives of BlackRock and Toyota Ventures will join Revel’s Board.
The funding round will be used by Revel to expand its network of EV fast-charging Superhubs in New York City and other urban centers, the company said. This will create the needed infrastructure for large-scale EV adoption, helping large cities like New York meet emissions reductions goals. Revel’s first Superhub is located in Brooklyn, New York, where the company is based and is accessible by the public and any EV manufacturer 24 hours a day, 7 days a week.
The Superhubs and other Revel-owned charging infrastructure will be supported by the rideshare service, which currently operates with a fleet of Tesla Model Ys. The company owns and maintains its fleet of all-electric Tesla crossovers and its drivers are W2 employees, providing stable income and benefits for full-time workers.
Revel COO explains how Tesla Model Y fleet can help familiarize commuters to EVs
The expansion of its charging network is a step toward creating a fleet of sustainable, rideshare vehicles in cities across the globe, not only in New York City. “When it comes to climate change, there’s no time to waste – the transition to electric mobility has to happen now,” CEO and Co-Founder of Revel Frank Reig said. “Urban charging infrastructure is the missing piece that’s kept millions of drivers from making the switch to EVs, and with this funding Revel will be able to build it in cities across the country.”
The funding round’s biggest contributor, BlackRock Renewable Power, also was supportive of Revel’s ambitious plans. “We are pleased to support Revel’s strong growth momentum as it continues to expand its EV charging infrastructure segment and ultimately help reduce carbon emissions in major urban centers,” Martin Torres, Head of the Americas for BlackRock Renewable Power, said. “This investment is highly complementary to our existing portfolio of investments in the rapidly-growing EV charging infrastructure space, which presents an attractive opportunity for our clients as we continue to support the energy transition.”
Finally, Toyota Ventures Founding Managing Director Jim Adler said, “Revel’s vertical integration of electric vehicle options on top of fast-charging EV Superhubs maximizes both consumer choice and infrastructure utilization. It’s the right strategy to provide accessible transit that lowers city carbon emissions, improves the health of the planet, and drives Revel’s success in the most lucrative markets in the world. Toyota Ventures is proud to support the Revel team as they reframe the future of mobility by electrifying transit solutions in dense urban areas.”
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Tesla bear Michael Burry got blunt with his beliefs over the company’s valuation, which he called “ridiculously overvalued” in a newsletter to subscribers this past weekend.
“Tesla’s market capitalization is ridiculously overvalued today and has been for a good long time,” Burry, who was the inspiration for the movie The Big Short, and was portrayed by Christian Bale.
Burry went on to say, “As an aside, the Elon cult was all-in on electric cars until competition showed up, then all-in on autonomous driving until competition showed up, and now is all-in on robots — until competition shows up.”
Tesla bear Michael Burry ditches bet against $TSLA, says ‘media inflated’ the situation
For a long time, Burry has been skeptical of Tesla, its stock, and its CEO, Elon Musk, even placing a $530 million bet against shares several years ago. Eventually, Burry’s short position extended to other supporters of the company, including ARK Invest.
Tesla has long drawn skepticism from investors and more traditional analysts, who believe its valuation is overblown. However, the company is not traded as a traditional stock, something that other Wall Street firms have recognized.
While many believe the company has some serious pull as an automaker, an identity that helped it reach the valuation it has, Tesla has more than transformed into a robotics, AI, and self-driving play, pulling itself into the realm of some of the most recognizable stocks in tech.
Burry’s Scion Asset Management has put its money where its mouth is against Tesla stock on several occasions, but the firm has not yielded positive results, as shares have increased in value since 2020 by over 115 percent. The firm closed in May.
In 2020, it launched its short position, but by October 2021, it had ditched that position.
Tesla has had a tumultuous year on Wall Street, dipping significantly to around the $220 mark at one point. However, it rebounded significantly in September, climbing back up to the $400 region, as it currently trades at around $430.
It closed at $430.14 on Monday.
Investor's Corner
Mizuho keeps Tesla (TSLA) “Outperform” rating but lowers price target
As per the Mizuho analyst, upcoming changes to EV incentives in the U.S. and China could affect Tesla’s unit growth more than previously expected.
Mizuho analyst Vijay Rakesh lowered Tesla’s (NASDAQ:TSLA) price target to $475 from $485, citing potential 2026 EV subsidy cuts in the U.S. and China that could pressure deliveries. The firm maintained its Outperform rating for the electric vehicle maker, however.
As per the Mizuho analyst, upcoming changes to EV incentives in the U.S. and China could affect Tesla’s unit growth more than previously expected. The U.S. accounted for roughly 37% of Tesla’s third-quarter 2025 sales, while China represented about 34%, making both markets highly sensitive to policy shifts. Potential 50% cuts to Chinese subsidies and reduced U.S. incentives affected the firm’s outlook.
With those pressures factored in, the firm now expects Tesla to deliver 1.75 million vehicles in 2026 and 2 million in 2027, slightly below consensus estimates of 1.82 million and 2.15 million, respectively. The analyst was cautiously optimistic, as near-term pressure from subsidies is there, but the company’s long-term tech roadmap remains very compelling.
Despite the revised target, Mizuho remained optimistic on Tesla’s long-term technology roadmap. The firm highlighted three major growth drivers into 2027: the broader adoption of Full Self-Driving V14, the expansion of Tesla’s Robotaxi service, and the commercialization of Optimus, the company’s humanoid robot.
“We are lowering TSLA Ests/PT to $475 with Potential BEV headwinds in 2026E. We believe into 2026E, US (~37% of TSLA 3Q25 sales) EV subsidy cuts and China (34% of TSLA 3Q25 sales) potential 50% EV subsidy cuts could be a headwind to EV deliveries.
“We are now estimating TSLA deliveries for 2026/27E at 1.75M/2.00M (slightly below cons. 1.82M/2.15M). We see some LT drivers with FSD v14 adoption for autonomous, robotaxi launches, and humanoid robots into 2027 driving strength,” the analyst noted.
Tesla stock (NASDAQ: TSLA) has landed an elusive “must own” status from Wall Street firm Melius, according to a new note released early this week.
Analyst Rob Wertheimer said Tesla will lead the charge in world-changing tech, given the company’s focus on self-driving, autonomy, and Robotaxi. In a note to investors, Wertheimer said “the world is about to change, dramatically,” because of the advent of self-driving cars.
He looks at the industry and sees many potential players, but the firm says there will only be one true winner:
“Our point is not that Tesla is at risk, it’s that everybody else is.”
The major argument is that autonomy is nearing a tipping point where years of chipping away at the software and data needed to develop a sound, safe, and effective form of autonomous driving technology turn into an avalanche of progress.
Wertheimer believes autonomy is a $7 trillion sector,” and in the coming years, investors will see “hundreds of billions in value shift to Tesla.”
A lot of the major growth has to do with the all-too-common “butts in seats” strategy, as Wertheimer believes that only a fraction of people in the United States have ridden in a self-driving car. In Tesla’s regard, only “tens of thousands” have tried Tesla’s latest Full Self-Driving (Supervised) version, which is v14.
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When it reaches a widespread rollout and more people are able to experience Tesla Full Self-Driving v14, he believes “it will shock most people.”
Citing things like Tesla’s massive data pool from its vehicles, as well as its shift to end-to-end neural nets in 2021 and 2022, as well as the upcoming AI5 chip, which will be put into a handful of vehicles next year, but will reach a wider rollout in 2027, Melius believes many investors are not aware of the pace of advancement in self-driving.
Tesla’s lead in its self-driving efforts is expanding, Wertheimer says. The company is making strategic choices on everything from hardware to software, manufacturing, and overall vehicle design. He says Tesla has left legacy automakers struggling to keep pace as they still rely on outdated architectures and fragmented supplier systems.
Tesla shares are up over 6 percent at 10:40 a.m. on the East Coast, trading at around $416.
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