Investor's Corner
Tesla flyover captures Model 3 rolling off Fremont’s giant tent assembly line
A recent flyover of Tesla’s Fremont factory has captured a rare footage of a freshly-built Model 3 rolling off GA4, the company’s newest general assembly line set up in a massive sprung structure. Located in the northeast end of Tesla’s main factory, the giant tent is currently seeing a flurry of activity as employees assemble the compact electric car.
The short clip of the flyover was shared by NBC host Raj Mathai, who noted that the overflow production line was added as a means to help Tesla achieve its self-imposed goal of producing 5,000 Model 3 per week by the end of the second quarter. Elon Musk, who has expressed enthusiasm about the sprung structure, responded to the video, stating that GA4 is working and that it has a “slightly higher quality” than more traditional assembly lines.
The future of #Tesla hinges on this gigantic tent. Overflow production line added in back lot of @tesla HQ. @elonmusk wants to pump out 5K #TeslaModel3 per week. @Teslarati pic.twitter.com/KhPtPHerzB
— Raj Mathai (@rajmathai) June 27, 2018
The flyover video revealed a number of interesting new scenes, the most notable of which is a freshly assembled silver Model 3 being driven off the end of GA4. Cars that are being constructed, as well as rows of finished vehicles, were also featured in NBC‘s brief clip.
Tesla’s sprung structure is massive, spanning the size of two football fields. Considering its unorthodox nature, GA4 has attracted its own fair share of critics, such as financial analyst Max Warburton from Sanford C. Bernstein & Co., who dubbed the assembly line as “insanity.” In a statement to KTVU News, however, Dr. Fred Barez, director of San Jose State’s Electric Vehicle Technology, stated that Telsa’s giant tent is actually not that unusual, since it’s being used throughout the world, especially in the field of aviation.
“It is not unusual because he understands the problems that he’s facing. He comes up with outside the box solutions. It is definitely in the right direction because this tent facility is going to double the capacity. It’s going to at least improve that capacity,” Dr. Barez said.
As the end of June approaches, Tesla stock (NASDAQ:TSLA) has become a battleground between bulls and short-sellers, with Goldman Sachs analyst David Tamberrino stating that Tesla would likely only deliver 22,000 units of the Model 3 during the second quarter, despite production likely to hit 5,000 vehicles per week in the final week of Q2 2018. It should be noted, however, that earlier this year, Tamberrino also issued a report stating that Tesla would only manufacture 1,500 Model 3 per week for the second quarter, making his current bearish expectations slightly optimistic by his own standards.
Pierre Ferragu of New Street Research, however, has a more optimistic outlook. In a recent statement to The Street, the Tesla bull noted that Tesla is still on track to profitability on Q3 or Q4 2018, regardless of whether the company achieves its Model 3 production targets this second quarter or not.
“You should not look at how many cars are produced. Instead, you should look at how much money each vehicle is bringing in, and as Tesla ramps production their free cash flow will improve dramatically. The long-term, five- to seven-year trajectory is the real story of Tesla,” Ferragu said.
Tesla stock continues to hold its position in the market, with shares of the electric car maker standing its ground after a steep 6% plunge last week. As of Wednesday’s intraday, Tesla stock is trading up 1.37% at $346.70 per share.
Disclosure: I have no ownership in shares of TSLA and have no plans to initiate any positions within 72 hours.
A Tesla analyst today said that investors should not lose sight of what is truly important in the grand scheme of being a shareholder, and that any near-term drama between CEO Elon Musk and U.S. President Donald Trump should not outshine the progress made by the company.
Gene Munster of Deepwater Management said that Tesla’s progress in autonomy is a much larger influence and a significantly bigger part of the company’s story than any disagreement between political policies.
Munster appeared on CNBC‘s “Closing Bell” yesterday to reiterate this point:
“One thing that is critical for Tesla investors to remember is that what’s going on with the business, with autonomy, the progress that they’re making, albeit early, is much bigger than any feud that is going to happen week-to-week between the President and Elon. So, I understand the reaction, but ultimately, I think that cooler heads will prevail. If they don’t, autonomy is still coming, one way or the other.”
BREAKING: GENE MUNSTER SAYS — $TSLA AUTONOMY IS “MUCH BIGGER” THAN ANY FEUD 👀
He says robotaxis are coming regardless ! pic.twitter.com/ytpPcwUTFy
— TheSonOfWalkley (@TheSonOfWalkley) July 2, 2025
This is a point that other analysts like Dan Ives of Wedbush and Cathie Wood of ARK Invest also made yesterday.
On two occasions over the past month, Musk and President Trump have gotten involved in a very public disagreement over the “Big Beautiful Bill,” which officially passed through the Senate yesterday and is making its way to the House of Representatives.
Musk is upset with the spending in the bill, while President Trump continues to reiterate that the Tesla CEO is only frustrated with the removal of an “EV mandate,” which does not exist federally, nor is it something Musk has expressed any frustration with.
In fact, Musk has pushed back against keeping federal subsidies for EVs, as long as gas and oil subsidies are also removed.
Nevertheless, Ives and Wood both said yesterday that they believe the political hardship between Musk and President Trump will pass because both realize the world is a better place with them on the same team.
Munster’s perspective is that, even though Musk’s feud with President Trump could apply near-term pressure to the stock, the company’s progress in autonomy is an indication that, in the long term, Tesla is set up to succeed.
Tesla launched its Robotaxi platform in Austin on June 22 and is expanding access to more members of the public. Austin residents are now reporting that they have been invited to join the program.
Elon Musk
Tesla surges following better-than-expected delivery report
Tesla saw some positive momentum during trading hours as it reported its deliveries for Q2.
Tesla (NASDAQ: TSLA) surged over four percent on Wednesday morning after the company reported better-than-expected deliveries. It was nearly right on consensus estimations, as Wall Street predicted the company would deliver 385,000 cars in Q2.
Tesla reported that it delivered 384,122 vehicles in Q2. Many, including those inside the Tesla community, were anticipating deliveries in the 340,000 to 360,000 range, while Wall Street seemed to get it just right.
Tesla delivers 384,000 vehicles in Q2 2025, deploys 9.6 GWh in energy storage
Despite Tesla meeting consensus estimations, there were real concerns about what the company would report for Q2.
There were reportedly brief pauses in production at Gigafactory Texas during the quarter and the ramp of the new Model Y configuration across the globe were expected to provide headwinds for the EV maker during the quarter.
At noon on the East Coast, Tesla shares were up about 4.5 percent.
It is expected that Tesla will likely equal the number of deliveries it completed in both of the past two years.
It has hovered at the 1.8 million mark since 2023, and it seems it is right on pace to match that once again. Early last year, Tesla said that annual growth would be “notably lower” than expected due to its development of a new vehicle platform, which will enable more affordable models to be offered to the public.
These cars are expected to be unveiled at some point this year, as Tesla said they were “on track” to be produced in the first half of the year. Tesla has yet to unveil these vehicle designs to the public.
Dan Ives of Wedbush said in a note to investors this morning that the company’s rebound in China in June reflects good things to come, especially given the Model Y and its ramp across the world.
He also said that Musk’s commitment to the company and return from politics played a major role in the company’s performance in Q2:
“If Musk continues to lead and remain in the driver’s seat, we believe Tesla is on a path to an accelerated growth path over the coming years with deliveries expected to ramp in the back-half of 2025 following the Model Y refresh cycle.”
Ives maintained his $500 price target and the ‘Outperform’ rating he held on the stock:
“Tesla’s future is in many ways the brightest it’s ever been in our view given autonomous, FSD, robotics, and many other technology innovations now on the horizon with 90% of the valuation being driven by autonomous and robotics over the coming years but Musk needs to focus on driving Tesla and not putting his political views first. We maintain our OUTPERFORM and $500 PT.”
Moving forward, investors will look to see some gradual growth over the next few quarters. At worst, Tesla should look to match 2023 and 2024 full-year delivery figures, which could be beaten if the automaker can offer those affordable models by the end of the year.
Investor's Corner
Tesla delivers 384,000 vehicles in Q2 2025, deploys 9.6 GWh in energy storage
The quarter’s 9.6 GWh energy storage deployment marks one of Tesla’s highest to date.
Tesla (NASDAQ: TSLA) has released its Q2 2025 vehicle delivery and production report. As per the report, the company delivered over 384,000 vehicles in the second quarter of 2025, while deploying 9.6 GWh in energy storage. Vehicle production also reached 410,244 units for the quarter.
Model 3/Y dominates output, ahead of earnings call
Of the 410,244 vehicles produced during the quarter, 396,835 were Model 3 and Model Y units, while 13,409 were attributed to Tesla’s other models, which includes the Cybertruck and Model S/X variants. Deliveries followed a similar pattern, with 373,728 Model 3/Ys delivered and 10,394 from other models, totaling 384,122.
The quarter’s 9.6 GWh energy storage deployment marks one of Tesla’s highest to date, signaling continued strength in the Megapack and Powerwall segments.
Year-on-year deliveries edge down, but energy shows resilience
Tesla will share its full Q2 2025 earnings results after the market closes on Wednesday, July 23, 2025, with a live earnings call scheduled for 4:30 p.m. CT / 5:30 p.m. ET. The company will publish its quarterly update at ir.tesla.com, followed by a Q&A webcast featuring company leadership. Executives such as CEO Elon Musk are expected to be in attendance.
Tesla investors are expected to inquire about several of the company’s ongoing projects in the upcoming Q2 2025 earnings call. Expected topics include the new Model Y ramp across the United States, China, and Germany, as well as the ramp of FSD in territories outside the US and China. Questions about the company’s Robotaxi business, as well as the long-referenced but yet to be announced affordable models are also expected.
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