Investor's Corner
Tesla’s market disruption may lead to healthy slice of global auto market: Mizuho
Tesla (NASDAQ: TSLA) is expected to control 10% of the global automotive market in the coming years, analysts from Tokyo-based Mizuho Bank said in a recent note to investors. Tesla’s disruption of the global automotive market through its high-tech and affordable electric vehicles could ultimately lead to the company producing 1-out-of-10 cars on the road in the coming years.
Over the past few years, the transition to electrification in passenger vehicles has accelerated greatly, mostly due to Tesla’s mainstream success as an automaker. The company’s influence on the global automotive market has been identified as disruptive and has caused OEMs like GM, Ford, and others to consider rolling out new electrified models, a plan that has culminated in some of the largest car companies in the world to change their long-term supply chain plans. Instead of focusing on purchasing combustion engines, these legacy automotive companies are opting for battery cells instead, making lofty but sufficient manufacturing goals that hint toward a future of fully electrified fleets.
Tesla has captured a considerable portion of the battery electric vehicle (BEV) market over the past four years, mostly due to its introduction of mass-market EVs that are affordable and land around the price point of an average new car in 2021, according to Kelley Blue Book. While Tesla has raised prices on many of its models over the past several months as the company, among others, combats a global shortage of semiconductors and other critical parts of an EV’s DNA, Tesla still holds the reputation for the most advanced electric vehicles on the market at the most competitive prices. For the performance, range, and software that owners receive with Teslas, there isn’t a much better bang for your buck.
Analysts at Mizuho Bank agree, according to a note that the firm sent to investors. While Mizuho analyst Vijay Rakesh identifies the growing global EV market and Tesla’s domination of it, he is aware of incoming competitors. Not signaling that Tesla will encounter tremendous disruption from competitors, new or old, Rakesh’s money would likely be on Tesla if this were a betting situation.
The analyst wrote (via Seeking Alpha):
“Total BEV penetration is at 7.4% in Europe and 6.8% in China, while the U.S. lags at 1.9%. The up and comers still face challenges with VW sales lagging, while GM appears to be getting traction from its ~ $4K HongGuang Mini EV in China.”
Tesla held around 24% of the global BEV market in Q1, mostly due to impressive sales figures of the Model 3 and Model Y combined with Tesla’s continuing trend of Quarter-over-Quarter growth. While this is impressive, the real disruption will occur when Tesla starts to take a substantial slice of the overall automotive market. Rakesh believes the company could achieve up to 10% of the global automotive market, taking more gas-powered engines off the road than many could imagine.
Mizuho is bullish on the idea that TSLA could gain further traction in the EV market by leaving behind legacy companies and newcomers to the BEV sector due to its overwhelming lead in battery tech and autonomous driving developments. The company’s considerable lead in both of these categories makes it a prime candidate to begin even more disruption of the global automotive market. Mizuho believes Tesla could achieve at least 10% of the total market share in the coming years.
Rakesh is ranked 93 out of 7,551 analysts on TipRanks and holds a five-star rating with an average return of 26.3% and a success rate of 69%. He holds Tesla with an $820.00 price target and a “Buy” rating for the stock.
Disclosure: Joey Klender is a TSLA Shareholder.
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.
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