Investor's Corner
Tesla stock reels in $900 following Elon Musk’s big space achievement, analyst upgrades
Tesla (NASDAQ: TSLA) moves closer to the $900 mark after a big weekend for CEO Elon Musk. Musk qualified for the first tranche of his multibillion-dollar performance bonus, and SpaceX successfully launched two astronauts into space this past weekend. The electric automaker also received several upgrades from analysts based on Tesla’s future outlook in international markets.
Jairam Nathan of Daiwa Securities launched coverage of the automaker with a Buy rating and a $910 price target. He believes the electric automaker is a few short steps away from global dominance.
In a note to investors, Nathan wrote that Tesla is close to succeeding in international markets like China and Europe. Nathan believes that the company can have similar success in Europe and China, especially considering the Gigafactory production facilities that are being built in the two locations.
Simply put, Tesla is “on the cusp of replicating its success in the U.S. EV market to potentially larger markets in China and Europe,” the Daiwa analyst wrote, according to Barron’s.
Wedbush analyst Dan Ives also increased his price target from $600 to $800. Ives stated, “we continue to believe EV demand in China is starting to accelerate with Tesla competing with a number of domestic and international competitors for this market share.”
At the time of writing, Tesla stock traded at $873.95, up 4.66%, or $38.95.
The surge in price could be attributed to projections that the electric vehicle sector will skyrocket in 2021 based on a new report by Cairn Energy Research Advisors, CNBC reported. Sam Jaffe of Cairn stated, “There’s pent-up demand for electric vehicles. We will see a combination of factors make 2021 an inflection point for the sale of electric vehicles.”
Musk’s success over the weekend with the newly-earned bonus and successful SpaceX launch may have attributed to the stock price increase as well. SpaceX became the first privatized company to successfully launch NASA astronauts into orbit.
Currently, Tesla’s two international production facilities are located in Shanghai, China, and Brandenburg, Germany. Shanghai is now producing around 4,000 Model 3 vehicles a week, while Berlin is still under construction and is set to begin manufacturing in July 2021.
Giga Shanghai has been producing variants of the Model 3 since December 2019, but Tesla did not begin delivering built cars to public customers until January 2020. The first cars built in the facility were initially given to employees and not Chinese citizens.
Since the first Model 3s were delivered to China’s first buyers of what has come to be known as the “Made in China” versions of the sedan, Tesla has continued to ramp its production rates and introduce new configurations of the vehicle. Currently, construction crews are also working on the second phase of the Chinese vehicle manufacturing plant, where Tesla’s latest car, the Model Y crossover, will be built.
The steady demand for Tesla’s electric cars has allowed the company to be recognized as one of China’s most popular EV brands. In April 2020, the Model 3 was the second most popular electric car in China, trailing the Qin Pro EV from Xi’an-based BYD Automotive. This information is according to the EV Sales Blog, a website that tracks the sale of electric cars around the world.
In Germany, Tesla is continuing to push toward the groundbreaking of its Gigafactory in Brandenburg, a state encircled by Berlin. Giga Berlin will supply the European markets with Tesla’s electric vehicles. The construction of this Gigafactory has encountered barriers from COVID-19 and residents’ concerns, but Tesla has managed to remain on schedule thanks to support from German politicians.
The Giga Berlin facility will employ 12,000 people, providing a positive impact on Germany’s economy.
Nathan’s outlook of dominance in Europe and China is backed by Tesla’s willingness to become a foreign automaker and establish a presence in countries other than the United States. With substantial support from the massive Chinese automotive market and European countries, there is plenty of speculation that Tesla will thrive even more when the company establishes production facilities in foreign lands.
Disclosure: I have no ownership in shares of TSLA and have no plans to initiate any positions within 72 hours.
Elon Musk
SpaceX just filed for the IPO everyone was waiting for
SpaceX filed its public S-1, revealing $18.7 billion in revenue and billions in losses.
SpaceX publicly filed its S-1 registration statement with the Securities and Exchange Commission on May 20, 2026, making its financial details available to the public for the first time ahead of what could be the largest IPO in history.
An S-1 is the formal document a company must submit to the SEC before going public. It includes audited financials, risk factors, business descriptions, and how the company plans to use the money it raises. Companies are required to file one before selling shares to the public, and it must be published at least 15 days before the investor roadshow begins. SpaceX had already submitted a confidential draft to the SEC in April, which allowed regulators to review the filing privately before it went public.
The S-1 reveals that SpaceX generated $18.7 billion in consolidated revenue in 2025, driven largely by its Starlink satellite internet division, which posted $11.4 billion in revenue, growing nearly 50% year over year. Despite that growth, the company lost about $4.9 billion in 2025 and has burned through more than $37 billion since its founding.
SpaceX just forced Verizon, AT&T and T-Mobile to team up for the first time in history
A significant portion of those losses trace back to xAI, Elon Musk’s artificial intelligence company, which was recently merged into SpaceX. SpaceX directed roughly 60% of its capital spending in 2025 to its AI division, totaling around $20 billion, yet that division lost billions and grew revenue by only about 22%.
SpaceX plans to list its Class A common stock on Nasdaq under the ticker SPCX, with Goldman Sachs, Morgan Stanley, and Bank of America leading the offering. The dual-class share structure means going public will not meaningfully reduce Musk’s control, as Class B shares he holds carry 10 votes per share compared to one vote for public Class A shares.
The company is targeting a raise of around $75 billion at a valuation of roughly $1.75 trillion, which would make it the largest IPO ever. The investor roadshow is reportedly planned for June 5.
Elon Musk
Tesla ditches India after years of broken promises
Tesla has ditched its plans to build a factory in India after years of failed negotiations.
Tesla’s long-running effort to establish a manufacturing presence in India is officially over. India’s Minister of Heavy Industries H.D. Kumaraswamy confirmed on May 19, 2026 that Tesla has informed authorities it will not proceed with a manufacturing facility in the country.
Tesla first signaled serious interest in India around 2021, when it began hiring local staff and lobbying the Indian government for lower import tariffs. The ask was straightforward: reduce duties enough for Tesla to test the market with imported vehicles before committing capital to a local factory. India’s position was equally firm, with an ask of Tesla to commit to manufacturing first, then receive tariff relief. Neither side moved, and the talks quietly collapsed.
Tesla to open first India experience center in Mumbai on July 15
India had offered a policy that would reduce import duties from 110% down to 15% on EVs priced above $35,000, provided companies committed at least $500 million toward local manufacturing investment within three years. Tesla declined to participate. The tariff standoff was only part of the problem. Analysts pointed to significant gaps in India’s local supply chain, inadequate industrial infrastructure, and a mismatch between Tesla’s premium pricing and the purchasing power of India’s automotive market as additional factors that made the investment difficult to justify.
First signs of an unraveling relationship came in April 2024, when Musk abruptly cancelled a planned trip to India where he was set to meet Prime Minister Modi and announce Tesla’s market entry. By July 2024, Fortune reported that Tesla executives had stopped contacting Indian government officials entirely. The government at that point understood Tesla had capital constraints and no plans to invest.
The more fundamental issue is that Tesla’s existing factories are currently operating at approximately 60% capacity, making a commitment to building new manufacturing capacity in a new market difficult to defend to investors. Tesla will continue selling imported Model Y vehicles through its existing showrooms in Mumbai, Delhi, Gurugram, and Bengaluru, but local production is no longer part of the plan.
Elon Musk
SpaceX just forced Verizon, AT&T and T-Mobile to team up for the first time in history
AT&T, T-Mobile, and Verizon just joined forces for one reason: Starlink is winning.
America’s three largest wireless carriers, AT&T, T-Mobile, and Verizon, announced on On May 14, 2026 that they had agreed in principle to form a joint venture aimed at pooling their spectrum resources to expand satellite-based direct-to-device (D2D) connectivity across the United States in what can be seen as a direct response to SpaceX’s Starlink initiative. D2D, in plain terms, is technology that lets a standard smartphone connect directly to a satellite in orbit, the same way it connects to a cell tower, with no extra hardware required.
The alliance is widely seen as a means to slow Starlink’s rapid expansion in the satellite internet and mobile markets. SpaceX’s Starlink Mobile service launched commercially in July 2025 through a partnership with T-Mobile, starting with messaging before expanding to broadband data. SpaceX secured access to valuable wireless spectrum through its $17 billion deal with EchoStar, paving the way for significantly faster satellite-to-phone speeds.
SpaceX was not shy about its reaction. SpaceX president and COO Gwynne Shotwell responded on X: “Weeeelllll, I guess Starlink Mobile is doing something right! It’s David and Goliath (X3) all over again — I’m bettin’ on David.” SpaceX’s VP of Satellite Policy David Goldman went further, flagging potential antitrust concerns and asking whether the DOJ would even allow three dominant competitors to coordinate in a market where a new rival is actively entering.
Weeeelllll, I guess @Starlink Mobile is doing something right! It’s David and Goliath (X3) all over again — I’m bettin’ on David 🙂 https://t.co/5GzS752mxL
— Gwynne Shotwell (@Gwynne_Shotwell) May 14, 2026
Financial analysts at LightShed Partners were blunt, saying the announcement showed the three carriers are “nervous,” and pointed to the timing: “You announce an agreement in principle when the point is the announcement, not the deal. The timing, weeks ahead of the SpaceX roadshow, was the point.”
As Teslarati reported, SpaceX’s next generation Starlink V2 satellites will deliver up to 100 times the data density of the current system, with custom silicon and phased array antennas enabling around 20 times the throughput of the first generation. The carriers’ JV, which has no definitive agreement, no financial structure, and no deployment timeline yet, will need to move quickly to matter.
Elon Musk’s SpaceX is targeting a Nasdaq listing as early as June 12, aiming for what would be the largest IPO in history. With Starlink now serving over 9 million subscribers across 155 countries, holding 59 carrier partnerships globally, and now powering Air Force One, the carriers’ joint venture announcement landed at exactly the wrong time to look like anything other than a defensive move.
SpaceX just filed for the IPO everyone was waiting for
Tesla scales back driver monitoring with latest Full Self-Driving release
