Investor's Corner
Tesla (TSLA) stock is widely popular in India where Teslas are a rare breed
Tesla’s electric cars are a rarity in India, but the company’s stock certainly is not.
Small-time Indian investors are snapping up Tesla shares (NASDAQ: TSLA) like hotcakes, even though the company’s all-electric cars are among the rarest vehicles to spot in the country. Indians are placing huge bets on U.S.-based companies this year after tech entities have contributed to one of the quickest rebounds in the world in terms of economic conditions that were caused by the COVID-19 pandemic. Apple, Amazon, and Facebook are widely popular stocks worldwide because of each company’s massive international presence. However, Tesla is emerging as the new number one preference for Indian investors even though the country has a small-time population of Tesla owners. Import taxes nearly double the cost of a Tesla electric vehicle in India, making them among the rarest vehicles in the country while the company’s presence elsewhere continues to grow.
Vested Finance, an India-based brokerage, said its accounts held $2.5 million worth of TSLA shares in November. This is a significant increase in concentration compared to early 2020 figures, which stood at just $76,000 at the end of March. Stockal, another brokerage in India, has seen its TSLA holdings quadruple to $10 million during the same period, Reuters reported.
The investors who chose to funnel their hard-earned money into TSLA’s stock have been rewarded as the company’s shares have increased by 450% during the timeframe. At the end of March, TSLA was trading at $104.80. Currently trading at a shade under $600 a share, TSLA has been one of Wall Street’s biggest stocks during the year.
One of the biggest individual investors in TSLA stock is 33-year-old Gaurav Jhunjhunwala, who became an Elon Musk fan after reading his biography. He paid $1,000 to book a Model 3 reservation whenever Tesla enters India and has been buying 30 shares of TSLA stock every other week. Currently, he says he has invested $100,000 into the electric automaker.
“I just like the way the guy thinks,” Jhunjhunwala said about Musk. “He is trying to make the world a better place.”
While Tesla is not a company with a notable presence in India as of right now, the company has inquired about building a factory in the country in the past. The demand for vehicles in India is notable, and consumers would likely buy the company’s cars. Still, a long process of establishing a manufacturing plant in the country is not advantageous currently. As of now, Tesla is building international plants in Shanghai, China, and Brandenburg, Germany, near Berlin. These locations are advantageous for Tesla at the current time because they will funnel vehicles to Asian and European countries where demand for electric vehicles is skyrocketing.
Elon Musk, CEO of Tesla, did indicate that the electric automaker will “for sure” make its entry into the Indian market in 2021 in a Tweet in October. Local government officials in Karnataka, a state in India, have indicated that they plan to speak with Tesla officials to get concrete plans into place.
“We are firmly committed to policy building and changes for sustainable development, and I personally believe that electric mobility, supported by renewable energy is the way ahead. Let’s hope we can help this thought become mainstream soon,” wrote Aaditya Thackeray, Shiv Sena leader and son of Maharashtra Chief Minister Uddhav Thackeray.
Disclaimer: Joey Klender is a TSLA Shareholder.
Elon Musk
The Tesla and SpaceX merger everyone is talking about is quietly building
Tesla and SpaceX may be closer to merging than Wall Street or either company is admitting.
Elon Musk has reportedly discussed merging Tesla and SpaceX with people close to him, according to CNBC, which cited sources familiar with the conversation. Tesla employees have long expected such a transaction and the topic is openly discussed internally, according to internal sources. With SpaceX is days away from kicking off its Wall Street roadshow for what could be the largest IPO in market history, this would be the first time the company will have public market currency to execute a stock-for-stock deal with Tesla.
The financial logic for a merger would make sense. A combined SpaceX and Tesla would create a conglomerate spanning rockets, satellites, electric vehicles, AI infrastructure, and energy storage valued at roughly $3.35 trillion to $3.6 trillion based on SpaceX’s IPO target range and Tesla’s current market capitalization. The two companies are already more intertwined than most people realize. SpaceX bought $697 million worth of Tesla Megapack systems for xAI data centers and $131 million worth of Cybertrucks. Tesla invested $2 billion in xAI, which subsequently merged with SpaceX. Past transactions also include Tesla selling solar equipment and parts to SpaceX, and SpaceX helping with Cybertruck materials.
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Musk himself signaled where this was heading in November 2025 when he posted on X, “My companies are, surprisingly in some ways, trending towards convergence.” Tesla and SpaceX announced a joint semiconductor fabrication facility in Austin called Terafab on the Gigafactory Texas campus, covering two advanced chip factories, with one serving Tesla’s AI needs for vehicles and Optimus robots, the other targeting space-based data centers under SpaceX’s infrastructure vision.
Wedbush analyst Dan Ives places the probability of a merger at 80% to 90% with a target completion in the first half of 2027. The mechanics of a deal became possible the moment SpaceX filed its S-1. Legal experts said a merger likely would not spark antitrust issues but would raise concerns among shareholders in each company, with questions around which company would be the parent, how a stock swap would take place, and who determines the appropriate price. Musk holds about 20% of Tesla’s equity but controls 85.1% of SpaceX’s voting power through a super-voting share class, meaning he would largely be negotiating the terms with himself.
Not everyone is convinced the timing is imminent. Traders on Kalshi place only 33% odds that a merger will happen before May 2027. The more immediate concern for Tesla shareholders is whether the SpaceX IPO pulls capital and Musk’s attention away from Tesla before any merger consolidates the upside for both.
What is clear is that the structural groundwork is already being laid. The Terafab announcement, the xAI merger, the shared supply chain, the cross-company balance sheet transactions, and now the IPO all point in the same direction. Whether the merger follows in 2027 or later, the two companies are already operating more like divisions of a single entity than independent competitors.
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.
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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.
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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.
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