Investor's Corner
Tesla stores in China are reportedly seeing a tsunami of Model 3 orders
As China gears up for Model 3 deliveries to begin in the country, the interest and anticipation for the electric car among reservation holders and potential buyers appear to be reaching a fever pitch. If reports from Chinese social media are any indication, it seems that waves of Model 3 orders are already hitting the country’s stores.
For the Model 3 to be successful in China, the electric car must be good enough to attract a lot of attention and demand from the car-buying public. Recent reports from Chinese social media users suggest that consumers are indeed interested in the Model 3. During the past few days alone, social media posts from the region noted that some Tesla stores ended up having system issues due to the influx of orders they are receiving for the Model 3.
Tesla Model 3 sales went insane the last few days in different cities of China.
Some locations reported stores’ systems were down & wireless CC machines went out of battery due to too many orders. At least 20 orders per store in a day(weekdays)$TSLA #Tesla #Model3 #TeslaChina pic.twitter.com/srD17N96ze
— vincent (@vincent13031925) February 19, 2019
Other posts from the area were equally optimistic. A Weibo user who took the electric car for a test drive on February 13, for one, observed that her sales representative’s mobile phone was receiving notifications for Model 3 orders every 6-10 minutes. “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.
Last week, reports emerged stating that the Glovis Symphony, a cargo ship loaded with China-bound Model 3, has arrived at the Tianjin Port. Other ships loaded with the sedan, such as the solar-hybrid car carrier, Emerald Ace, are expected to arrive in China within the next weeks as well, as noted in a report from local news outlet CCTV. With these factors in mind, it appears that Model 3 deliveries in China would likely begin very soon.
Photos taken today at Tianjin Free Trade Zone near Xingang Port, Tianjin, China. Since arriving on Monday this is the very first photos of @Tesla Model 3 Shipment to China. Photo Credit to 李大锤同学微博 via @Weibo#Tesla #TeslaChina #China #Model3 #GlovisSymphony #特斯拉 $TSLA pic.twitter.com/Z0pFUIZbwo
— Jay in Shanghai 电动 Jay 🇨🇳 (@JayinShanghai) February 15, 2019
It remains to be seen if the Model 3 would be as big of a success in China as it was in the United States, where its disruption was so notable that it became the country’s best-selling luxury vehicle in 2018. Nevertheless, the reception that the car has received from Chinese auto media and social media users appears to be mostly positive so far. In a review of the Model 3 Performance by Chinese auto group Know the Car, for one, it was concluded that the electric car could outperform rival premium, high-performance sedans such as the BMW M3 and the Mercedes-AMG C63 at the racetrack.
Tesla has been pushing some offers to make the Model 3 an attractive purchase for Chinese buyers. Earlier this month, for example, Tesla opted to include Enhanced Autopilot, an add-on that previously cost 46,300 yuan (around $6,800), as standard for all Model 3 purchases in the country.
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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