Investor's Corner
Tesla is taking Model 3 overseas with viewings in Australia and New Zealand
Tesla Model 3 reservation holders in Australia and New Zealand would soon be able to get up close and personal with the company’s newest electric car. The viewings in Australia are set to be held simultaneously next week at showrooms located in Sydney’s Central Business District, Melbourne’s Chadstone store, and Brisbane’s store in Fortitude Valley. Reservation holders in New Zealand, on the other hand, are set to experience the vehicle a bit earlier, as a Model 3 viewing is scheduled for Tesla’s Auckland store on Wednesday, August 15.
David Waterworth, a reservation holder from Australia, shared the invitation he received from Tesla. The short communication advised reservation holders to RSVP for the Model 3 viewing, and to expect some waiting time considering the possible turnout for the event. Screenshots of invitations shared with Teslarati reveal that the viewings would start at 9 a.m. and end at 5:30 p.m. in the Chadstone and Brisbane stores.
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- A screenshot of an invitation to a Model 3 viewing event in Australia. [Credit: David Waterworth]
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- A screenshot of an invitation to a Model 3 viewing event in Australia. [Credit: Gerard]
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- A screenshot of an invitation to a Model 3 viewing event in Australia. [Credit: David Waterworth]
Just like the viewings in the United States, attendees of the Model 3 event would be allowed to touch, sit, and interact with the electric car. Test drives will not be permitted. Members of the press would be given the opportunity to preview the electric car as well.
It should be noted that the Model 3 Tesla would be bringing to Australia and New Zealand are left-hand drive variants of the vehicle. Both Australia and New Zealand use right-hand drive cars — a Model 3 variation that Elon Musk expects to start producing sometime next year. An update to the release of a right-hand drive Model 3 was announced by Musk on Twitter last May, where he stated that production of right-hand drive versions of the electric car would probably start in the “middle of next year.”
Probably mid next year before we are able to make RHD. Wish it could be sooner. Maybe try a Model S, used or new in the meantime? Used S is better than a new 3 imo, unless you want a smaller car.
— Elon Musk (@elonmusk) March 22, 2018
So far, Tesla has not released a tentative timeline as to when Model 3 reservation holders living in Australia and New Zealand would start receiving their vehicles.
Tesla’s Model 3 viewings in Australia and New Zealand bodes well for reservation holders of the electric car. Viewings of the Model 3 in the United States, which started in January at the company’s Los Angeles and Palo Alto, CA showrooms, all but signified the beginning of an increase in the deliveries of the electric car. Thus, starting viewings of the Model 3 in Australia and New Zealand could be yet another sign that Tesla is now looking beyond the United States with regards to the vehicle’s deliveries.
Tesla is seemingly hitting its stride with the production of the Model 3, manufacturing 5,000 of the electric cars per week during “multiple weeks” in July. This August, the Model 3 ramp appears to be continuing, as teased by the company registering an unprecedented 16,000 new Model 3 VINs in the span of seven days. The electric carmaker is aiming to steadily ramp the Model 3 over the next quarters, building up to 10,000 vehicles per week sometime next year.
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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