Investor's Corner
Tesla shares rise amid positive analyst outlook after Gigafactory tour, Chinese rival’s underwhelming IPO
Tesla shares (NASDAQ:TSLA) are rising on Wednesday’s intraday, trading as high as $291.31 per share amid encouraging updates from analysts after a tour of Gigafactory 1, as well as seemingly improved investor sentiments over the company’s updates in management.
Tesla shares took a big blow last Friday amidst reports of former Chief Accounting Officer David H. Morton’s departure from the company after being on the job for just two months. Chief People Officer Gabrielle Toledano also announced that she would not be returning to the company after her ongoing leave. On top of this, CEO Elon Musk courted controversy once more after he seemingly smoked cannabis during a podcast with comedian Joe Rogan.
Amidst the noise from the latest executive departures and Elon Musk’s most recent controversy, Tesla stock saw some recovery on Monday. Baird analyst Ben Kallo, for one, gave the company a “Buy” rating over what he believed were the company’s improving fundamentals this Q3. Kallo also noted that last Friday’s sharp decline in Tesla stock’s price seemed to be a “mispricing.”
Tuesday saw the release of a note from Worm Capital analysts Eric Markowitz and Dan Crowley, who recently went on a tour of Tesla’s Gigafactory 1 in Nevada. The analysts’ note included several compelling updates from Martin Viecha, head of Tesla’s investor relations, who answered questions about the company’s battery tech, its software, and its upcoming vehicles. Viecha, for one, noted that Tesla is on track to achieve a battery cell cost of $100 per kWh by the end of the year, provided that commodity prices remain stable. The Tesla head of investor relations also stated that Tesla would be receiving machines from Grohmann Engineering which would aid the company in producing batteries more quickly and cost-effectively. Updates for the Tesla Semi and the $35,000 base Model 3 were also given.
While the encouraging updates from the Worm Capital analysts were noteworthy, investor sentiments appear to be improving for Tesla as well, particularly after it was announced that longtime problem-solver Jerome Guillen would now be serving as the company’s Head of Automotive, reporting directly to Elon Musk. Guillen is among the most hands-on of Tesla’s longtime executives, known for personally responding to early customers of the Model S during the vehicle’s initial rollout. Guillen appears to be a perfect fit for Tesla’s electric car business, and his promotion could serve as a reassurance for investors regarding Elon Musk being overstretched by his workload and responsibilities in the company.
Wednesday also saw the rather underwhelming IPO of NIO, a highly-anticipated Tesla rival from China. NIO is among the electric car makers that are expected to provide competition to Tesla, to the point where the company’s CEO is fondly dubbed as “The Elon Musk of China.” Among NIO’s first entries into the electric car segment is the ES8, a pure-electric, seven-seater SUV that is seen as a potential rival to the Tesla Model X.
A person familiar with the company’s IPO proceedings informed Reuters that NIO had initially hoped for a valuation of as much as $20 billion. Unfortunately for the company, the ongoing trade tensions between the United States and China, as well as its ongoing cash burn as it attempted to ramp the ES8’s production, weighed down the electric car maker’s IPO. NIO ultimately priced its shares at $6.26, just above the low end of its $6.25-$8.25 target price range. The company sold $1 billion in shares in the IPO, which still made it the third-largest US listing by a Chinese company this 2018.
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Similar to Tesla, NIO incurred a significant net loss during the first half of the year, with the company incurring a net loss of $502.6 million on $6.95 million in revenues in the first six months of 2018. NIO noted that as of the end of August, it had delivered about 1,600 units of the ES8, and it still had another 15,778 unfulfilled reservations for the vehicle.
As of writing, Tesla shares are up 3.3% at $288.66 per share.
Disclosure: I have no ownership in shares of TSLA and have no plans to initiate any positions within 72 hours.
Elon Musk
Tesla AI boss reveals how big Optimus is going to get
Tesla’s Optimus chief corrected himself on X, confirming a staggering 10 million robot production target.
![Tesla Optimus Gen 3 [Credit: Tesla]](https://www.teslarati.com/wp-content/uploads/2026/03/tesla-optimus-gen3-diner.jpg)
Tesla’s Optimus program has a new number attached to it, after Ashok Elluswamy, the executive who has run the humanoid robot program since June 2025, posted a three word correction on X Thursday, “Correction, 10 million robots.”
The line clarifies the long term annual capacity Tesla is building toward its planned second Optimus production line at Gigafactory Texas, a figure Musk has cited repeatedly since last year’s shareholder meeting.
The scale is worth noting, because ten million robots a year would mean Tesla building more units annually than most countries sell in new cars. Tesla has framed this as a second line, not the first. The buildout is happening in two phases: a roughly one million unit per year line inside Tesla’s Fremont factory, installed on the floor space vacated when Model S and Model X production ended earlier this year, and a much larger dedicated facility under construction at Giga Texas that broke ground on its first steel structure in May. That Texas facility is the one Elluswamy’s correction refers to, and is expected to reach volume production sometime in 2027.
Correction, 10 million robots https://t.co/0z4nyQNTzp
— Ashok Elluswamy (@aelluswamy) July 30, 2026
Tesla Optimus project fires up as Musk sees production line progress
Elluswamy took over Optimus from Milan Kovac last summer and has spent the months since talking up the program’s trajectory. Elon Musk has also floated the ten million figure at Tesla’s 2025 shareholder meeting.
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Ending Model S and Model X production to make room for the first Optimus line was one of the more consequential manufacturing decisions in the company’s recent history, retiring two flagship vehicles in favor of a robot that has yet to enter mass production. Musk has previously estimated per unit production costs at $20,000 to $25,000 once Tesla reaches a million units a year, though he hasn’t said what that cost looks like at ten times the volume.
SpaceX just picked up another $1.6 billion from the Pentagon, with the U.S. Space Force awarding two task orders worth $1.6 billion to fly 18 Falcon 9 missions from Vandenberg Space Force Base in California through the end of 2027. The launches will carry satellites for the Space Based Sensing and Targeting portfolio, a set of programs meant to help the military detect and track airborne threats and relay that information across forces in near real time.
The award falls under National Security Space Launch Phase 3 Lane 1, the Space Force’s faster, commercial style procurement track for missions that do not require the military’s most demanding certification process. It is also the largest single order publicly disclosed under that program so far, and the first task order issued since the Space Force nearly tripled Lane 1’s contract ceiling from $5.6 billion to $17 billion on July 17.
SpaceX to become America’s Military data backbone for missiles, drones, and warfighters
Eric Zarybnisky, the Space Force’s acting portfolio acquisition executive for space access, said the entire process, from identifying the requirement to signing the contract, took about two months, including a month set aside for companies to prepare proposals.
SpaceX is not just launching these satellites. It already holds the contracts to build two of the programs within the same portfolio, $4.16 billion for the Space Based Airborne Moving Target Indicator system and $2.29 billion for the Space Data Network Backbone, which Teslarati covered in May. That means SpaceX is now responsible for both building key pieces of the military’s next generation sensing network and getting them into orbit.
With this latest award, SpaceX’s Pentagon contract total for 2026 alone tops $8 billion, adding to a defense portfolio that already includes the Golden Dome missile defense software group SpaceX joined in April and a string of GPS launches it inherited after ULA’s Vulcan rocket ran into a booster anomaly, which we detailed in March.
Lane 1’s vendor pool technically includes seven companies: SpaceX, ULA, Blue Origin, Rocket Lab, Stoke Space, Impulse Space, and Relativity Space. In practice, SpaceX remains the only provider with the combination of launch cadence, flight proven Falcon 9 hardware, and West Coast infrastructure to support a campaign requiring roughly one Vandenberg launch a month for the next year and a half.
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Some lawmakers have flagged the growing concentration of national security launches with one company as a risk worth watching. For now, the Space Force keeps backing SpaceX, with it being the company that shows up ready to launch.
SpaceX (NASDAQ: SPCX) got an absolutely crazy price target rating from Raymond James after the company experienced a tough first few weeks following its Initial Public Offering (IPO).
Despite the tumultuous start, SpaceX has plenty of believers, and the company’s massively successful Starship launch last Friday, its 13th test flight of the massive rocket, went so smoothly that Raymond James analysts pushed its price target on the company to roughly 7 times its current trading level.
SpaceX Starship just nailed something it’s never done before
The firm officially put a “Strong Buy” rating and an $800 price target on the stock. It currently trades at around $113. Its all-time high is $225.64, reaching this trading level shortly after shares first went public.
Raymond James’ price target is tied to the firm’s confidence after Starship’s 13th test flight. Analysts at the firm said it was an incremental step that reduces engineering risks, citing the widely successful heat shield test that CEO Elon Musk recently detailed, the smooth deployment of Starlink V3 satellites, and a successful in-space engine relight.
SpaceX also managed to see Starship splash down safely in the Indian Ocean, while the Super Heavy Booster fell down to the Gulf of America with no incidents.
It is interesting to see these launches have such a tremendous impact on the stock and what investors think of it. After SpaceX initially delayed the Starship launch last week, shares fell tremendously. Most probably did not realize that the stand-down is a standard practice, especially if everything is not perfect.
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The mission was initially aborted due to an issue with Raptor engines. This was resolved, and Starship launched last Friday after another delay on Thursday, which was caused by weather.
Now that analysts have seen what SpaceX launches are capable of and how impressive the feat is, firms are adjusting their price targets accordingly, making it known that they have high expectations for the space exploration company.
Tesla Model Y L’s new features flexed at unveiling event at Diner
Tesla CEO Elon Musk denies ridiculous Gigafactory Shanghai rumor
![Tesla Optimus Gen 3 [Credit: Tesla]](https://www.teslarati.com/wp-content/uploads/2026/03/tesla-optimus-gen3-diner-80x80.jpg)
