Investor's Corner
Tesla increases Q2 production by 20% but falls short of deliveries
Tesla issued its Q2 production and delivery numbers, indicating that the company produced 20 percent more cars this quarter than the previous however fell short in delivering the vehicles to customers.
The Silicon Valley based electric car company reported 18,345 vehicles produced in Q2 or roughly just under 2,000 vehicles per week, and delivered 14,370 vehicles though guidance was set at 17,000 vehicles. Tesla attributed the fact that “Tesla Q2 deliveries were lower than anticipated” to having “5,150 customer-ordered vehicles [..] still in transit, a much higher number than the 2,615 vehicles in transit to customers at the end of Q1.”
Tesla added that half it saw a huge production ramp towards the end of Q2 resulting in half of the quarter’s production occurring in the final four weeks. Model S continues to lead in terms of deliveries consisting of 9,745 units delivered versus 4,625 Model X.
Tesla Q2 2016 Vehicle Production and Deliveries Release [Source: Tesla Investor Relations]
As far as total deliveries for the full year 2016, “Tesla expects to produce and deliver about 50,000 vehicles during the second half of 2016”, which means it will not be able to hit the low end of previous guidance of “80,000 to 90,000 new vehicles in 2016” as the projected 2016 yearly number for 2016 now stands at 79,000.
Tesla Market Action
During the past week $TSLA stock seems to have safely discarded the major bad news about the Model S driver killed while using Autopilot. While the press was flooded with negative articles about the accident (I counted an average of 2-4 articles per day in the Wall Street Journal and on Bloomberg), and the news ended up being reported 2 days in a row in the national news broadcast of all major networks, Wall Street traders shrugged the bad news off completely. While the stock had a temporary drop to 206 in after hours extended trading on Thursday when the news came up on the wire, $TSLA stock shot back with a vengeance to the $216 level on Friday, giving traders one of the best weeks of the year with a whopping 15% weekly gain.
What will $TSLA stock do when the market reopens on Tuesday after the 4th of July holiday? If we look at the response after the Q1 deliveries were reported on April 4, most news outlets reported that Tesla Missed Its Q1 Delivery Targets. Wall Street traders did not care much then, trading the stock up for 3 sessions to an all time high of $266 after the news. In that case, Tesla had reiterated the 80 to 90 thousand deliveries for the year, which may have softened the bad news of total quarterly deliveries.
This is a quick look to today’s headlines in response to the Q2 delivery numbers.
- The Verge: Tesla falls short of delivery estimates in Q2 despite ramping production
- NBC News: Tesla cranks out 20% more cars in Q2, but struggles to deliver them
- USA Today: Tesla deliveries in Q2 fall short of estimates
- ABC News: Tesla Vehicle Deliveries Slip in Q2
Technical indicators were in a really good spot at market close on Friday: 4-days of positive Heikin Ashi charts, MACD positive, MACD averages “pinching”, indication the possible start of a longer breakout on the upside. But the possible bullish breakout could be stopped by the market reaction to what is effectively a “miss” of guidance for the year, more than the smaller numbers for the quarter.
Will Wall Street traders shrug off the Q2 negative results like they did with Q1?
Source: Wall Street I/O
Elon Musk
SpaceX just filed for the IPO everyone was waiting for
SpaceX filed its public S-1, revealing $18.7 billion in revenue and billions in losses.
SpaceX publicly filed its S-1 registration statement with the Securities and Exchange Commission on May 20, 2026, making its financial details available to the public for the first time ahead of what could be the largest IPO in history.
An S-1 is the formal document a company must submit to the SEC before going public. It includes audited financials, risk factors, business descriptions, and how the company plans to use the money it raises. Companies are required to file one before selling shares to the public, and it must be published at least 15 days before the investor roadshow begins. SpaceX had already submitted a confidential draft to the SEC in April, which allowed regulators to review the filing privately before it went public.
The S-1 reveals that SpaceX generated $18.7 billion in consolidated revenue in 2025, driven largely by its Starlink satellite internet division, which posted $11.4 billion in revenue, growing nearly 50% year over year. Despite that growth, the company lost about $4.9 billion in 2025 and has burned through more than $37 billion since its founding.
SpaceX just forced Verizon, AT&T and T-Mobile to team up for the first time in history
A significant portion of those losses trace back to xAI, Elon Musk’s artificial intelligence company, which was recently merged into SpaceX. SpaceX directed roughly 60% of its capital spending in 2025 to its AI division, totaling around $20 billion, yet that division lost billions and grew revenue by only about 22%.
SpaceX plans to list its Class A common stock on Nasdaq under the ticker SPCX, with Goldman Sachs, Morgan Stanley, and Bank of America leading the offering. The dual-class share structure means going public will not meaningfully reduce Musk’s control, as Class B shares he holds carry 10 votes per share compared to one vote for public Class A shares.
The company is targeting a raise of around $75 billion at a valuation of roughly $1.75 trillion, which would make it the largest IPO ever. The investor roadshow is reportedly planned for June 5.
Elon Musk
Tesla ditches India after years of broken promises
Tesla has ditched its plans to build a factory in India after years of failed negotiations.
Tesla’s long-running effort to establish a manufacturing presence in India is officially over. India’s Minister of Heavy Industries H.D. Kumaraswamy confirmed on May 19, 2026 that Tesla has informed authorities it will not proceed with a manufacturing facility in the country.
Tesla first signaled serious interest in India around 2021, when it began hiring local staff and lobbying the Indian government for lower import tariffs. The ask was straightforward: reduce duties enough for Tesla to test the market with imported vehicles before committing capital to a local factory. India’s position was equally firm, with an ask of Tesla to commit to manufacturing first, then receive tariff relief. Neither side moved, and the talks quietly collapsed.
Tesla to open first India experience center in Mumbai on July 15
India had offered a policy that would reduce import duties from 110% down to 15% on EVs priced above $35,000, provided companies committed at least $500 million toward local manufacturing investment within three years. Tesla declined to participate. The tariff standoff was only part of the problem. Analysts pointed to significant gaps in India’s local supply chain, inadequate industrial infrastructure, and a mismatch between Tesla’s premium pricing and the purchasing power of India’s automotive market as additional factors that made the investment difficult to justify.
First signs of an unraveling relationship came in April 2024, when Musk abruptly cancelled a planned trip to India where he was set to meet Prime Minister Modi and announce Tesla’s market entry. By July 2024, Fortune reported that Tesla executives had stopped contacting Indian government officials entirely. The government at that point understood Tesla had capital constraints and no plans to invest.
The more fundamental issue is that Tesla’s existing factories are currently operating at approximately 60% capacity, making a commitment to building new manufacturing capacity in a new market difficult to defend to investors. Tesla will continue selling imported Model Y vehicles through its existing showrooms in Mumbai, Delhi, Gurugram, and Bengaluru, but local production is no longer part of the plan.
Elon Musk
SpaceX just forced Verizon, AT&T and T-Mobile to team up for the first time in history
AT&T, T-Mobile, and Verizon just joined forces for one reason: Starlink is winning.
America’s three largest wireless carriers, AT&T, T-Mobile, and Verizon, announced on On May 14, 2026 that they had agreed in principle to form a joint venture aimed at pooling their spectrum resources to expand satellite-based direct-to-device (D2D) connectivity across the United States in what can be seen as a direct response to SpaceX’s Starlink initiative. D2D, in plain terms, is technology that lets a standard smartphone connect directly to a satellite in orbit, the same way it connects to a cell tower, with no extra hardware required.
The alliance is widely seen as a means to slow Starlink’s rapid expansion in the satellite internet and mobile markets. SpaceX’s Starlink Mobile service launched commercially in July 2025 through a partnership with T-Mobile, starting with messaging before expanding to broadband data. SpaceX secured access to valuable wireless spectrum through its $17 billion deal with EchoStar, paving the way for significantly faster satellite-to-phone speeds.
SpaceX was not shy about its reaction. SpaceX president and COO Gwynne Shotwell responded on X: “Weeeelllll, I guess Starlink Mobile is doing something right! It’s David and Goliath (X3) all over again — I’m bettin’ on David.” SpaceX’s VP of Satellite Policy David Goldman went further, flagging potential antitrust concerns and asking whether the DOJ would even allow three dominant competitors to coordinate in a market where a new rival is actively entering.
Weeeelllll, I guess @Starlink Mobile is doing something right! It’s David and Goliath (X3) all over again — I’m bettin’ on David 🙂 https://t.co/5GzS752mxL
— Gwynne Shotwell (@Gwynne_Shotwell) May 14, 2026
Financial analysts at LightShed Partners were blunt, saying the announcement showed the three carriers are “nervous,” and pointed to the timing: “You announce an agreement in principle when the point is the announcement, not the deal. The timing, weeks ahead of the SpaceX roadshow, was the point.”
As Teslarati reported, SpaceX’s next generation Starlink V2 satellites will deliver up to 100 times the data density of the current system, with custom silicon and phased array antennas enabling around 20 times the throughput of the first generation. The carriers’ JV, which has no definitive agreement, no financial structure, and no deployment timeline yet, will need to move quickly to matter.
Elon Musk’s SpaceX is targeting a Nasdaq listing as early as June 12, aiming for what would be the largest IPO in history. With Starlink now serving over 9 million subscribers across 155 countries, holding 59 carrier partnerships globally, and now powering Air Force One, the carriers’ joint venture announcement landed at exactly the wrong time to look like anything other than a defensive move.
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