Investor's Corner
Tesla shares (TSLA) are far more bullish than short-term investors realize
Tesla stock (NASDAQ:TSLA) has been hit hard since April, with its share price down 9% year-to-date. Compared to the S&P 500, which is up roughly 2% this year, Tesla’s stocks are undoubtedly challenged.
While there is no doubt that Tesla’s share price has been beleaguered since April, TSLA’s weak performance could actually be somewhat bullish, especially when one looks into the historical trends of the electric car and energy company’s stock performance. Below is a chart depicting TSLA’s weekly trading action since 2012.
TSLA’s long-term weekly chart since 2012. [Credit: The Street]
Tesla’s stock price has been trending up and to the right since 2012. The Street noted that even without the sudden spike in early 2013 when the company went to market on its first all-electric sedan, Model S, shares of TSLA have exhibited an uptrend that is difficult to discount. Every time TSLA hits trendline support, shareholders have stepped forward to bid shares higher. This particular trend has been consistent since the summer of 2013.
The relative strength of TSLA shares is also noticeable in the chart above. Relative strength measures TSLA’s shares against the broad market, and as could be seen in the graph, the trend is also steadily pointing up to the right since 2013. This shows that Tesla has actually been outperforming the rest of the market over the past few years, despite being heavily shorted.
Tesla’s relative strength line appears to be testing its own uptrend once more. The last time this happened, it was November 2016, and as could be seen in TSLA’s long-term chart, the company’s shares could very well be on the verge of beating the rest of the S&P 500 again.
TSLA’s short-term weekly chart since 2017. [Credit: The Street]
A look into TSLA’s charts since 2017 could provide a clue as to how Tesla shares can get back on its feet again. A good number of Tesla investors have been focused on the intermediate-term trend, which is represented by the red line in TSLA’s short-term chart. At lower levels, however, TSLA shares have been looking constructive so far, forming an ascending triangle pattern with a breakout level at $310 per share.
If Tesla shares push beyond the $310 barrier, the company could keep its short-term momentum steady. Hitting the $310 mark will also be in line with the relative strength that TSLA has been exhibiting since 2013.
Amid reservations about the company’s capability to prevent a capital raise this year, recent reports have emerged that Hedge fund giant and billionaire George Soros, through his investment firm Soros Fund Management LLC, has taken a $35 million stake in Tesla’s convertible bonds during the first three months of 2018, as revealed by filings to the SEC.
TSLA’s recent challenges have sated the appetite of short-sellers, making the company the most-shorted business in the stock market today by the amount of equity at stake, with 38,258,654 shares held short as of 4/9/18. It is steadily becoming more and more expensive to keep a short position in the electric car maker’s stocks, however. In a research note published earlier this month, S3 Partners analyst Ihor Dusaniwsky called the bottom on short-selling activity, noting that the costs of keeping a short position have risen to 3.69% compared to 1% last December.
As of writing, Tesla shares are trading up 0.36% at $287.50 per share.
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.
Zuckerberg’s Meta taps Musk’s Tesla for massive clean energy project
SpaceX reveals reason for Starship v3 stand down, announces next launch date
