Investor's Corner
Tesla stock (TSLA) holding steady amid signs of Model 3 sustained ramp, vote of confidence from Detroit
Tesla shares (NASDAQ:TSLA) are holding steady following Monday’s steep dive after investors weighed in on the now-deleted wild remarks made by CEO Elon Musk over Twitter. As signs emerge that Model 3 production ramp will remain consistent, bolstered by positive sentiment from Detroit after veteran Sandy Munro concluded that Tesla could exceed a 30% profit margin on its mass-market electric car, investors see these as indicators for potentially more upbeat sentiments to come.
Tesla stock has been a battleground since the company announced that it has hit its target of producing 5,000 Model 3 per week at the end of the second quarter. Amidst reservations from a number of Wall St. analysts who believe that the Model 3’s optimal production pace is unsustainable, the company’s shares took a dive. Tesla stock briefly got a reprieve on July 10, after the company announced its plans of building its third Gigafactory in China. Since then, however, the electric car maker’s stock continued to be volatile, until its notable plunge on Monday, when shares fell over 3.5% amidst controversy resulting from Elon Musk’s controversial and now-deleted statements on Twitter during the weekend. In Monday’s after-hours trading, Tesla shares were at $307.20, a significant drop from Friday’s close of $318.87.
As markets opened on Tuesday, however, Tesla stock began holding, as the backlash from Musk’s incendiary weekend Twitter session appeared to taper off. Behind this weekend’s report of Musk’s donations to the GOP and his Twitter issues, after all, signs are emerging that Tesla’s problems with the Model 3 are ending.
This weekend alone, Tesla started shipping ~100 Model 3 Performance to its showrooms to be utilized as test drive units. This follows the electric car’s successful appearance at the 2018 Goodwood Festival of Speed in England, where it attracted a significant amount of interest from the event’s attendees. Tesla’s VIN registrations have also seen a notable spike since the end of the second quarter, with the company registering more than 19,000 new Model 3 VINs since the beginning of the month. It should be noted that Tesla started manufacturing the Model 3 in mid-2017, and it was only able to hit the 19,000 mark this March.
Apart from signs that the Model 3’s 5,000/week production could actually be sustained, more encouraging news for Tesla came in the form of a new Autoline Network segment featuring Detroit veteran Sandy Munro. Munro, a teardown expert and CEO of Munro & Associates, has been studying the Model 3 for months, and while his initial impressions on the vehicle were predominantly negative, he was eventually won over by Tesla’s battery technology and electronics. According to Munro, Tesla could see more than 30% profit on the Model 3, thanks to the California-based electric car company’s in-house development and optimal utilization of the vehicle’s components.
Munro noted that the Tesla Model 3’s electronics, which he previously compared to a military-grade flight controller, is a “symphony of engineering.” The Detroit veteran also praised Tesla’s 2170 cells for the Model 3, which are 20% larger than the Model S and X’s 18650 cells but carry 50% more power. Perhaps the most notable among Munro’s conclusion, however, was mentioned by Autoline Network in its video’s comments section. According to the network, Munro stated that he expects even the $35,000 Standard Range RWD Model 3 to still make a “double-digit gross profit.”
Munro’s findings are in line with the results outlined by a German teardown company earlier this year, which estimated that the materials used for the Model 3 cost around $18,000 per vehicle. Coupled with Tesla’s pledge to reduce its cobalt use (cobalt is among the most expensive components of its batteries) over the next few years, Tesla’s profit margins for the Model 3 appear to have a lot of potential.
As the dust clears, it seems like Elon Musk’s recent statement in an interview with Bloomberg Businessweek will come to pass — Tesla’s production hell with the Model 3 is ending, and the coming year would be very, very encouraging.
As of writing, Tesla shares are trading up 1.34% at $314.12 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.
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