Investor's Corner
Tesla 2023 Cyber Roundup (Annual Shareholder Meeting): What to expect
Tesla’s 2023 Cyber Roundup, the company’s Annual Shareholder Meeting, will take place later today. Expectations are high that the event will involve Musk and the electric vehicle maker discussing several critical topics.
Here are some expectations for the 2023 Cyber Roundup.
Musk’s Commitment
Musk enjoys taking on challenging tasks, which is likely one reason why he chose to acquire Twitter at a high price. While Musk has stated that the new Twitter CEO will allow him to focus more on Tesla, concerns remain about his ability to dedicate more time to the EV maker.
After all, Musk has expressed his desire to start other projects, such as an AI startup that can compete with OpenAI. Gene Munster, managing partner at Deepwater Asset Management and a longtime TSLA bull, shared his thoughts on the matter. “He could spend more time with X.AI Corp. He has a passion for AI,” he said.
A Potential Successor
The topic of Musk’s successor as CEO of Tesla has been heavily debated, with critics arguing that the EV maker relies too heavily on Musk’s leadership. It is not surprising, then, that TSLA investors are expected to vote on a shareholder proposal for Tesla to publish a report on “Key-Person Risk.” The proposal aims to identify critical individuals within the company and establish succession processes.
Interestingly, Tesla director James Murdoch mentioned in court last November that Musk had identified a potential successor. The Wall Street Journal, citing insider sources, suggested that Zachary Kirkhorn, Tesla’s CFO and the person responsible for the company’s impressive profits in recent years, is shortlisted to be Musk’s successor.
JB Straubel’s Return
To say that JB Straubel is an important figure in Tesla would be an understatement. Although Straubel left his position as Tesla’s CTO to start battery recycling firm Redwood Materials, he is now being nominated as a member of the company’s Board of Directors. Munster noted that Straubel is also considered a potential successor to Elon Musk.
Straubel’s appointment as a board member of Tesla has faced some opposition, with proxy firm Glass Lewis recommending that TSLA shareholders vote against his appointment. Numerous Tesla bulls, however, have expressed excitement at the idea of Straubel returning to the electric vehicle maker.
Other Expectations
Similar to previous annual shareholder meetings, the 2023 Cyber Roundup will likely involve a discussion about the company’s future by CEO Elon Musk. It will not be surprising if Musk discusses certain aspects of future products, such as the Cybertruck and the highly anticipated compact Tesla, which will be manufactured in Giga Mexico.
The 2023 Cyber Roundup will be held on May 16, 2023, at 3 PM CT at Gigafactory Texas.
Below is a link to the livestream of the 2023 Cyber Roundup.
Don’t hesitate to contact us with news tips. Just send a message to simon@teslarati.com to give us a heads-up.
Investor's Corner
Tesla crushes Wall Street expectations, beats delivery estimates by over 15 percent
Tesla (NASDAQ: TSLA) beat Wall Street expectations of 406,000 vehicles delivered in Q2 by reporting 480,126 deliveries for the three months ending in June.
Tesla reported it delivered 467,762 Model 3 and Model Y units, while 12,364 Model S, Model X, and Cybertrucks switched hands during the quarter. The Model S and Model X were officially sunset this past quarter and will no longer be part of the company’s Production & Delivery reports moving forward.
🚨 BREAKING: Tesla delivered 480,126 vehicles in Q2, ANNIHILATING Wall Street expectations of 406,000. Production was reported at 451,758.
Deliveries:
Model 3/Y: 467,762
Other Models: 12,364Production:
Model 3/Y: 442,936
Other Models: 8,822 https://t.co/TTHwQAsKt8 pic.twitter.com/7qI4Zj6FE5— TESLARATI (@Teslarati) July 2, 2026
The quarter is a pleasant surprise and a good rebound from Q1, when Tesla slightly missed the Wall Street consensus of 365,645 cars by reporting 358,023 deliveries for the first three motnhs of the year.
Energy storage deployments also provided some strength in Tesla’s delivery report, hitting 13.5 GWh for Q2. This is a particular division of Tesla’s business that has been overwhelmingly robust over the past few years, truly being a strong point of the company’s overall model.
For the year, Tesla analysts still predict deliveries to trend in the 1.69 million unit region, a modest 3 to 5 percent increase from the 1.64 million cars the company delivered last year. Tesla will likely return to more sequential and noticeable year-over-year growth as the Cybercab project starts to ramp up considerably in the next few years.
Tesla has some other potential catalysts to spur vehicle deliveries, too. Not only is it expecting Cybercab to truly start making a change in the next few years, but other vehicles could be entering the company’s lineup.
Tesla sends production Cybercab with no steering wheel, pedals to on-road testing
The slightly longer Model Y L has been a highly speculated release candidate in the U.S. It has already done incredibly well in China, and U.S. buyers have been wanting slightly more interior space than the Model Y. Now that the Model X is gone, it is more needed than ever.
Q2 highlights a pretty stable automotive division within Tesla, and no true concerns arise from these figures, especially considering it managed to beat expectations convincingly.
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.”
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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.
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