News
Tesla prepares Fremont ‘tent’ with new lines
Update: Para 1, 8, 10, and 15 updated for accuracy to show speculation. GA 4 is location of Model Y production, and potentially some Model 3 production.
Tesla is preparing the Fremont Factory for mass production of the either the updated Highland Model 3 or Model Y “Project Juniper” as it continues to refine manufacturing lines on the floor of General Assembly 4, the tent where the all-electric sedan is built.
Tesla has been preparing to launch a newly-refined version of the Model 3 for nearly a year now.
After initial reports late last year indicated the automaker was in the process of revamping the sedan, Teslarati revealed filings that showed the company had already been preparing Fremont for the early manufacturing stages as early as last Summer.
For roughly 11 months, Tesla has been making moves to build the earliest versions of the Highland Model 3, and images of the car finally leaked last month, showing a refined front-end design and several other changes.
Yesterday, we reported that Tesla was planning to demo a line at the Fremont Factory and build a completely new one in the same area. Filings seen by Teslarati showed Tesla was planning to install “Updated” equipment, and while it could be a simple retooling or installation of fresh machines, the automaker hasn’t commonly used “Updated” in its filings.
Tesla will demo and update a production line at Fremont, perhaps for new Highland Model 3
When it retools lines, it explicitly states it is a retool. Tesla has commonly used “Improvements,” “Upgrades,” or “Revisions,” but not “Updates.”
It also only explicitly uses “Demo” when it is planning to completely replace whatever line or machine is being torn out and fitted with something new.
Teslarati viewed filings that appear to indicate the line that is being replaced is located inside General Assembly 4, or GA 4. The filing shows building F-21 is where the new line is being built and the old one is being torn down. Other F-21 building filings are identified as “GA4.”
Tesla flyover captures Model 3 rolling off Fremont’s giant tent assembly line
While it is not necessarily a “tent,” the proper term is “sprung structure,” which are high-performance tension fabric buildings that are quickly built and can handle things like severe weather due to their integrity.
Tesla uses multiple sprung structures on the Fremont Factory property for automotive production, as the main assembly buildings were already filled with equipment for other vehicles. The Model Y is built in GA 4.5, as well.
Tesla is evidently preparing to introduce the Model 3 Highland design relatively soon, and with the company’s Shareholder Meeting happening this evening, there is some speculation the company could come forward with more details regarding the new look.
The timing of Tesla’s revamped line in GA4 is extremely interesting, especially as there has been a lot of talk of new vehicle builds being produced soon. With the vehicle changing, Tesla will need to update lines, and instead of simply retooling or modifying them for a simple equipment change, it has opted to completely demo the line and build a new one.
This points mostly toward a new vehicle design. Additionally, in an attempt to potentially avoid a drastic stoppage in Model 3 production, Tesla’s inventory of the Model 3 has swelled to levels that have reached their highest levels in 2023 thus far.
Early December 2022 was the last time Tesla’s Model 3 inventory has reached these levels, according to Tesla Data.
Tesla has remained relatively tight-lipped surrounding the Model 3 Highland project and Model Y project Juniper and has not explicitly confirmed the effort. Rumors of the vehicle being manufactured at Giga Shanghai in China circulated, but the company quickly denied them.
The recent images of the design, which were leaked on Reddit, seem to indicate something rather drastic is in the works.
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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.
Tesla analyst issues stern warning to investors: forget Trump-Musk feud
Tesla surges following better-than-expected delivery report
Tesla delivers 384,000 vehicles in Q2 2025, deploys 9.6 GWh in energy storage
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