Investor's Corner
Tesla Model 3 deliveries in China are starting earlier than expected
Tesla recently held a Model 3 delivery ceremony in Beijing, officially setting in motion the electric sedan’s foray into China. With the handover event, Tesla accomplished something very rare — it managed to start deliveries of the electric sedan earlier than the estimated timeline posted by its CEO, the characteristically optimistic Elon Musk.
Tesla’s VP of worldwide sales Robin Ren was present in the delivery event, giving a speech and a presentation about the company and its vehicles. In a statement to Reuters, Tesla noted that the earlier-than-expected deliveries “marked a significant milestone for the market,” particularly as the company has been rather conservative about its timeframes for the Model 3’s push into China.
Mr @robinren gave a speech at the Tesla Model 3 Delivery Ceremony in Beijing China 🇨🇳 $TSLA #Tesla #Model3 #China #TeslaChina pic.twitter.com/QUQle2lVbg
— vincent (@vincent13031925) February 22, 2019
In January, Tesla noted that Model 3 handovers in China would begin around March. This timeline echoed an estimate posted by Elon Musk on Twitter last November, when he noted that some Model 3 deliveries for China could start in March. The usually bold Musk was even more conservative then, stating that “April is more certain” for China’s Model 3 handovers.
Ultimately, Tesla deserves credit for expediting China’s Model 3’s deliveries, especially considering that Elon Musk and the company have both struggled with meeting ambitious deadlines in the past. This became evident in Tesla’s struggles with the Model 3 ramp — an experience that Elon Musk describes as one of the most difficult points of his career. Musk has since pledged to be better with his estimates to avoid over-promising and under-delivering. The earlier-than-expected Model 3 deliveries in China indicates that little by little, Tesla appears to be learning the art of under-promising and over-delivering.
https://twitter.com/vincent13031925/status/1098808431417290752
Apart from the recently-held delivery ceremony, reports from local Chinese media have indicated that Morning Cindy, a cargo ship loaded with Tesla’s electric cars, has arrived at the port of Shanghai on Friday. The vessel is reportedly loaded with more than 1,800 Teslas, over 1,600 of which are Model 3. The recently docked ship arrived in the country not long after another cargo vessel, the Glovis Symphony, reached the port of Tianjin. Emerald Ace, a solar-hybrid car carrier also loaded with Model 3s, is expected to arrive within the next weeks.
The early start of deliveries in China for the Model 3 bodes well for Tesla, particularly as the electric car appears to be capturing the interest of potential buyers in the country. Just recently, Chinese social media users noted that some Tesla stores ended up having system issues due to the influx of orders they were getting for the Model 3. A Weibo user who booked a test drive for the electric sedan described her observations in one of Tesla’s stores. “During the chat with the Tesla specialist, I observed that his cellphone popped three times with new Model 3 orders in about 20-30 mins. In other words, about 6-10 minutes, there is a Model 3 sold in that location,” 老徐是我呀, the Weibo user, wrote.
While the level of interest for the Model 3 among Chinese car buyers appears to be high, Tesla is still pushing a number of initiatives aimed at making the vehicle an even more attractive purchase. Earlier this month, for example, Tesla made Enhanced Autopilot, which previously cost 46,300 yuan (around $6,800) for buyers, standard for all Model 3 purchases in China.
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.”
Elon Musk called it Epic: The full story of SpaceX’s Starship Flight 12
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.
Texas man charged in fatal Tesla crash where he blamed Autopilot
Tesla’s strong Q2 deliveries: Four key drivers behind the surprise
