Investor's Corner
Tesla Model 3 fever sweeps across Europe as China gears up for possible March deliveries
It took what Elon Musk could only describe as “excruciating” effort, but Tesla appears to be setting the stage for the Model 3’s entrance into the global market. With exhibits of the electric car making its way into multiple countries in Europe and key cities in China, there seems to be very little doubt that the Model 3 invasion is just around the corner.
Reports and anecdotes from the Tesla community indicate that Tesla’s Model 3 exhibits have attracted a notable amount of attention. Over the past 24 hours, reservation holders and electric car enthusiasts have shown up en masse to view and get some hands-on experience with the electric sedan. In some areas in the European region, the Model 3 even attracted lines of people, with interested individuals waiting outside Tesla stores for an opportunity to interact with the company’s latest vehicle.
M3 on display in Mall of Scandinavia. It's 1PM on a Thursday and there's about 40 people in the store and 10 more outside waiting in line.@vincent13031925 pic.twitter.com/3YRxSHFgdW
— 🇮🇸 🇸🇪 Hjörtur Brynjarsson 🇺🇦 (@HjorturBrynjars) November 15, 2018
The warm reception of the European region towards the Model 3 bodes well for the company. If any, the Model 3 fever spreading across Tesla’s stores in Europe suggests that the demand for the electric sedan remains strong even in territories beyond North America.
https://twitter.com/m_xalher/status/1062731482236624896
Einige visuellen Eindrücke vom heutigen #Model3 Event im Tesla Store Zürich für jeden, der es selbst nicht erleben konnte. Herzlichen Dank, @marTW33T. https://t.co/43kWInkiCy pic.twitter.com/vELezp4t1t
— Tesla Community Schweiz 🇨🇭 (@TeslaSchweiz) November 14, 2018
On the other side of the world, Tesla’s Model 3 push is starting to become evident as well. Amidst Model 3 exhibits in key cities such as Shanghai and Shenzen, local Chinese media are also providing what could very well be the first details on the vehicle’s upcoming rollout in the region. According to local news outlet Gasgoo.com, for one, Tesla would be entering the Chinese market with the Model 3’s top two variants — the Model 3 Performance and the Long Range AWD Model 3. The vehicles will be priced higher than their counterparts due to import tariffs, though the impending construction of Gigafactory 3 is expected to reduce the price of electric cars that will be delivered in the country.
A Red Tesla Model 3 arrived Shenzhen, China 🇨🇳 yesterday. $TSLA #Tesla #Model3 #China #TeslaChina pic.twitter.com/I0YQBTq2oX
— vincent (@vincent13031925) November 15, 2018
In the past 24 hrs, Tesla Model 3 has appeared in many European countries for the first time, causing huge crowds. Beginning of this year, Model 3 also appeared in many of China's Tesla showrooms the very first time, which also caused huge crowds. $TSLA #Tesla #TeslaChina pic.twitter.com/FooR1gqXNV
— vincent (@vincent13031925) November 15, 2018
Recent updates from Elon Musk have provided some details on Tesla’s upcoming push in China. In a recent tweet, Musk stated that some Model 3 deliveries in the country might be possible in March 2019, though April might be a safer bet. With Musk’s recent update, though, it appears that Tesla’s global push for the Model 3 would likely begin sometime in the first quarter or early in the second quarter of 2019.
Probably some deliveries in March, but April is more certain
— Elon Musk (@elonmusk) November 15, 2018
After passing through “production hell” and “delivery logistics hell,” Tesla appears to have reached a place where it is confident of its capability to manufacture and deliver the Model 3. In order to accomplish this, the company is thinking outside the box once more. In a recent set of tweets, for example, Elon Musk has noted that Tesla just “acquired trucking capacity” to ensure that all Model 3 ordered by November 30 would be delivered by December 31. In a later tweet, Musk elaborated that Tesla had “bought some trucking companies and secured contracts with major haulers” to ensure that the delivery difficulties the company faced at the end of the third quarter do not happen again.
Tesla produced and delivered a record number of vehicles in the third quarter, even surprising Wall Street by posting $6.8 billion in revenue and beating earnings estimates with a GAAP profit of $312 million. Considering Tesla’s preparations for a massive end-of-year delivery push, as well as the arrival of the Mid Range Model 3, though, the electric car maker’s fourth quarter’s numbers would likely be even more impressive.
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.
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