

Investor's Corner
Tesla Giga-Texas construction kicks into overdrive with marshland prep, ground leveling, around the clock
Tesla’s newest Gigafactory under construction in Texas continues to keep pace with expectations set by the company during its other building projects in Shanghai and Berlin. In doing so, the all-electric carmaker’s construction strategy looks to be quite scalable given the size of the Texas Gigafactory region is much larger than all of Tesla’s other factory locations.
Recent drone video shared by Joe Tegtmeyer on his self-titled YouTube channel has revealed a huge amount of land clearing accomplished over less than a week, namely from July 27th – August 2nd. In the footage, Tegtmeyer further notes the location of a large fill dirt area for all the ground shaping activities while also pointing out the pond and swamp-draining underway. The on-site crew looks to be working seven days per week; however, the lack of lighting in the area indicates all activities are limited to daytime only.
Tesla’s Texas Gigafactory progress, August 2, 2020 | Image: Joe Tegtmeyer/YouTube
Earlier drone footage of the site seemed to indicate that some of the land shaping activities may have been part of the recreational plans for area. As detailed in CEO Elon Musk’s recent comments, the area around the facility will be open to the public as an “ecological paradise” complete with a boardwalk and hiking/biking trails. Instead, updated progress shows that most of those “carved” looking areas are now flattened. Tegtmeyer’s footage even documents large mounds being removed by heavy equipment.
- Tesla’s Texas Gigafactory progress, August 2, 2020 | Image: Joe Tegtmeyer/YouTube
- Tesla’s Texas Gigafactory progress, August 2, 2020 | Image: Joe Tegtmeyer/YouTube
- Tesla’s Texas Gigafactory progress, August 2, 2020 | Image: Joe Tegtmeyer/YouTube
After securing tax incentives from the local county board and local school district, the site’s selection was announced during Tesla’s Q2 2020 Earnings Call on July 22nd although construction activities were already underway on July 17th. The 2,100 acre Texas property where Tesla’s Gigafactory will reside is expected to draw at least $1 billion dollars of investment by the company. Additionally, an estimated 5,000 new “middle skill” jobs are anticipated to come to the Austin area, 1,000 from Tesla directly, and 4,000 as part of a secondary economic impact.
As with Tesla’s other construction sites, tracking and sharing progress is one part of gaining insight into the carmaker’s future plans. Since the Texas Gigafactory is also expected to produce the Cybertruck, perhaps there will be even more anticipation than usual to spot equipment differences from other factories that are unique to the pickup. The park-type promises may also add a fun element to watch come to life as the public will be able to eventually experience it in person.
Watch Joe Tegtmeyer’s August 2nd footage below:
Investor's Corner
Tesla upgraded to Outperform at Baird on ‘physical AI’ outlook
Analyst Ben Kallo also raised Tesla’s price target to $548 from $320.

Tesla (NASDAQ:TSLA) received a bullish nod from Baird this week, with the firm upgrading the stock to “Outperform” on expectations that the company is positioned to lead in what it calls the “physical AI” era.
Analyst Ben Kallo also raised Tesla’s price target to $548 from $320, noting that despite muted quarterly results, shares have gained 24% in the past month, outpacing the S&P 500’s 3% rise.
Long-term milestones
The Baird analyst shared his insights in a note to investors. “Relatively muted stock reactions following a series of less-than-stellar quarters and investor inbounds regarding long-term initiatives lead us to believe focus has increasingly shifted to the future for TSLA. We now expect shares to ‘Outperform’ as TSLA is increasingly viewed as the leader in physical AI,” the analyst wrote in his note.
Kallo also pointed to Tesla’s ambitious roadmap as a key reason for the upgrade, as well as the company’s new proposed compensation plan for CEO Elon Musk. The package ties rewards to ambitious milestones, including the delivery of 20 million vehicles annually, the deployment of 1 million robots and 1 million robotaxis, and 10 million Full Self-Driving (FSD) subscriptions.
Vehicles, robots, and energy
Baird’s scenario analysis suggested that Tesla could reach a valuation of more than $5.5 trillion by 2035 in its minimum case, with potential upside to $12 trillion and $3,000 per share if milestones are exceeded, as noted in an Investing.com report.
Beyond Musk’s compensation framework, Baird highlighted multiple near-term catalysts for Tesla. These include potential updates on Optimus, the rollout of more affordable vehicles, new Robotaxi market entries, and an upcoming shareholder vote on Musk’s pay package. Expansion in Tesla’s energy storage and software businesses was also flagged as a growth driver. Kallo also described Tesla as having “lots of irons in the fire,” ranging from the scaling of the Semi to recurring revenue streams tied to software.
Elon Musk
Tesla called ‘biggest meme stock we’ve ever seen’ by Yale associate dean

Tesla (NASDAQ: TSLA) is being called “the biggest meme stock we’ve ever seen” by Yale School of Management Senior Associate Dean Jeff Sonnenfeld, who made the comments in a recent interview with CNBC.
Sonnenfeld’s comments echo those of many of the company’s skeptics, who argue that its price-to-earnings ratio is far too high when compared to other companies also in the tech industry. Tesla is often compared to companies like Apple, Nvidia, and Microsoft when these types of discussions come up.
Fundamentally, yes, Tesla does trade at a P/E level that is significantly above that of any comparable company.
However, it is worth mentioning that Tesla is not traded like a typical company, either.
Here’s what Sonnenfeld said regarding Tesla:
“This is the biggest meme stock we’ve ever seen. Even at its peak, Amazon was nowhere near this level. The PE on this, well above 200, is just crazy. When you’ve got stocks like Nvidia, the price-earnings ratio is around 25 or 30, and Apple is maybe 35 or 36, Microsoft around the same. I mean, this is way out of line to be at a 220 PE. It’s crazy, and they’ve, I think, put a little too much emphasis on the magic wand of Musk.”
Many analysts have admitted in the past that they believe Tesla is an untraditional stock in the sense that many analysts trade it based on narrative and not fundamentals. Ryan Brinkman of J.P. Morgan once said:
“Tesla shares continue to strike us as having become completely divorced from the fundamentals.”
Dan Nathan, another notorious skeptic of Tesla shares, recently turned bullish on the stock because of “technicals and sentiment.” He said just last week:
“I think from a trading perspective, it looks very interesting.”
Nathan said Tesla shares show signs of strength moving forward, including holding its 200-day moving average and holding against current resistance levels.
Sonnenfeld’s synopsis of Tesla shares points out that there might be “a little too much emphasis on the magic wand of Musk.”
Elon Musk just bought $1 billion in Tesla stock, his biggest purchase ever
This could refer to different things: perhaps his recent $1 billion stock buy, which sent the stock skyrocketing, or the fact that many Tesla investors are fans and owners who do not buy and sell on numbers, but rather on news that Musk might report himself.
Tesla is trading around $423.76 at the time of publication, as of 3:25 p.m. on the East Coast.
Elon Musk
Elon Musk affirms Tesla commitment and grueling work schedule: “Daddy is very much home”
The remarks came as Tesla shares crossed the $400 mark on the stock market.

Tesla CEO Elon Musk reiterated his commitment to the electric vehicle maker and its future projects this week, responding to speculation following his $1 billion purchase of TSLA stock.
The remarks came as Tesla shares crossed the $400 mark on the stock market, extending a rally fueled in part by Musk’s TSLA purchase.
Elon Musk’s nonstop work schedule
Amidst the reaction of TSLA stock to Musk’s $1 billion investment, Tesla owners such as @greggertruck noted that “Daddy’s home.” Musk replied, stating that “Daddy is very much home.” He then shared details of a packed weekend of work, which was definitely grueling but completely within character for a “wartime CEO.”
Musk did note, however, that he had lunch with his kids during the weekend despite his extremely busy schedule.
“Daddy is very much home. Am burning the midnight oil with Optimus engineering on Friday night, then redeye overnight to Austin arriving 5am, wake up to have lunch with my kids and then spend all Saturday afternoon in deep technical reviews for the Tesla AI5 chip design.
“Fly to Colossus II on Monday to walk the whole datacenter floor, review transformers and power production (excellent progress), depart midnight. Then up to 12 hours of back-to-back meetings across all Tesla departments, but with a particular focus on AI/Autopilot, Optimus production plans, and vehicle production/delivery,” Musk wrote in his post.
Wartime CEO
Wedbush analyst Dan Ives described Musk as operating in “wartime CEO mode,” highlighting autonomous driving and AI as a trillion-dollar market opportunity for Tesla. Musk reiterated this point late last month as well, when he outlined the several projects he is juggling among his numerous companies. At the time, Musk stated that he was busy with Starship 10, Grok 5, and Tesla V14. This was despite his notable presence on X.
With Tesla Master Plan Part IV being partly released, the company is entering what could very well be its most ambitious stage to date. To usher in an era of sustainable abundance, Tesla would definitely require a “wartime CEO,” someone who could remain locked in and determined to push through any obstacles to ensure that the company achieves its goals.
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