Investor's Corner
Tesla analysts weigh in as TSLA falls 8% following production and delivery report
Tesla shares (NASDAQ:TSLA) experienced a steep drop on Thursday in the wake of the release of its Q1 2019 vehicle production and delivery report, which showed a roughly 30% decline in deliveries and a 12% drop in production. These declines were especially prominent in the Model S and Model X.
The electric car maker’s stock has always been polarizing, and this became even more prominent following the release of Tesla’s Q1 numbers. Analysts from both the bull and bear side have weighed in on Tesla’s results for the first quarter. Here are some of their takes:
RBC analysts took particular notice to the company’s Model S and Model X delivery numbers, which they called “very disappointing.” The analysts also estimated that the flagship vehicles’ numbers will translate to an over $1 billion shortfall in revenue for the company.
Cowen and Co analysts expressed their reservations about the company’s funds, stating that the delivery and transit details released by the electric car maker suggested that “cash was likely dangerously low” following Tesla’s payment of a $920 million convertible bond obligation in cash at the beginning of March.
Analysts from JP Morgan gave Tesla an Underweight rating while lowering their price target to $200 from $215. The analysts noted that “Tesla’s 1Q19 vehicle production & deliveries report was substantially worse than expected.” The analysts also took note of the Model S and X’s decline in sales, stating the drop could be “implying a deceleration in underlying demand unrelated to temporary delivery difficulties (maybe due to tax credit expiration?).”
Canaccord Genuity analysts have taken a more optimistic stance, reiterating their Buy rating while adjusting their price target from $450 to $391. The analysts points out that while they were “disappointed in the shortfall of deliveries in Q1 versus expectations,” they “continue to believe that the new lower-priced Model 3 variant will spur additional demand.”
Loup Ventures remained quite optimistic about Tesla as well, despite admitting that the magnitude of the Model S and X miss was a surprise. The firm noted that it was “focused on underlying demand,” highlighting Tesla’s statement that it has “sufficient cash on hand.” The firm added that while it is “unlikely that Tesla will have to raise money in the Jun-19 quarter, (but) we believe raising money would be the right strategic move long-term.”
While Tesla stock is getting beaten down on Thursday, there have been no notable downgrades by any brokerages so far. Tesla shares are currently rated “Buy” or higher by 12 of the 30 brokerages covering the company, 7 rated the company with a “Hold,” and 11 kept a “Sell” or lower rating. Part of this could be due to Elon Musk already setting expectations early in March, when he stated that Tesla might not be profitable this quarter.
Tesla’s production and delivery figures for the first quarter highlights the company’s growing pains as it starts pushing the Model 3 to international markets. In Q1 2019, Tesla produced a total of 77,100 vehicles, consisting of 62,950 Model 3 and 14,150 Model S and X. Total deliveries declined to 63,000 vehicles, which is comprised of approximately 50,900 Model 3 and 12,100 Model S and X.
As of writing, Tesla shares are trading -7.75% at $269.19.
Disclosure: I have no ownership in shares of TSLA and have no plans to initiate any positions within 72 hours.
Elon Musk
SpaceX Starship just nailed something it’s never done before
SpaceX’s Starship flew successfully Friday, landing both stages and deploying its first Starlink V3 satellites.
Starship’s thirteenth test flight delivered exactly what SpaceX needed with a clean liftoff, two successful stage recoveries, and the first real payload the vehicle has ever carried to space. Booster 20 and Ship 40 lifted off at 5:51 p.m. CT from Starbase, and by the time the mission wrapped roughly an hour later, both halves of the rocket had done exactly what they were supposed to do.
Booster 20 separated from Ship 40 a few minutes into the flight and stuck a controlled splashdown in the Gulf of Mexico about six minutes after liftoff. That is a meaningful turnaround from Flight 12 in May, when the booster lost several engines during its boostback burn before a hard water landing attempt.
Starship as seen from Starlink satellites pic.twitter.com/e2hvfmnewh
— Elon Musk (@elonmusk) July 25, 2026
Starship 40’s performance was arguably the bigger win. The vehicle deployed the first 20 operational Starlink V3 satellites Starship has ever carried, then flew a suborbital arc to a landing in the Indian Ocean that SpaceX commentator Dan Huot called the company’s softest splashdown yet. “This is a dream scenario for this team that’s trying to get this heat shield data,” Huot said on the live broadcast, according to Space.com’s live coverage. “I’m a little over the moon right now. Wow. Lucky number 13.”
Unlike the mass simulators SpaceX flew on Flight 12, these were production Starlink V3 satellites, meant to extend solar arrays and antennas and attempt to link with the broader constellation before reentering minutes later. Getting real hardware through a full deploy sequence on only the second flight of the V3 generation keeps Starship on schedule for the payload work NASA is counting on for future Artemis lunar landings.
What an awesome launch, really seems like everything went super well and it was all incredibly smooth.
SpaceX is awesome. Very interested to see how the market will respond on Monday pic.twitter.com/KSHmyBfV55
— TESLARATI (@Teslarati) July 25, 2026
— TESLARATI (@Teslarati) July 25, 2026
The flight also arrives at a moment when SpaceX needed a win. SPCX has traded below its $135 IPO price since mid-July, as Teslarati reported when the mission slipped to Friday, and short interest has climbed to roughly a third of the tradable float. A clean flight will not fix a balance sheet, but it does answer the one question SpaceX absolutely needed answered this week: whether the fixes made after the July 16 abort would hold up under real flight conditions. They did, on both stages, on the first try after the redesign.
SpaceX has not set a target date for Flight 14, though the company has said it wants to push toward an orbital attempt on the next mission. After Friday, that goal looks a lot more within reach.
Tesla short sellers won big following the company’s massive fall on Wall Street after it reported subpar Earnings on Wednesday.
Tesla short sellers collected about $4.12 billion in single-day profits on Thursday, according to Bloomberg. Shares fell as much as 15 percent during Thursday’s session. It closed as one of the worst days for Tesla on Wall Street in the past three years.
Investors sold off the stock after Tesla said it would aggressively direct its spending toward AI and its Optimus robot project. The company had record revenues, which were driven by one of the strongest quarters in terms of vehicle deliveries in company history.
However, it missed EPS estimates by reporting just $0.33, a far cry from the $0.53 analysts expected.
S3 Partners reported that about 3 percent of Tesla’s outstanding stock is sold short. Managing Director at S3, Ihor Dusaniwsky, provided the short seller’s potential profit, as well as another figure: shorts have likely had paper gains of $8.92 billion this year, as Tesla shares are down 30 percent in 2026.
Tesla (TSLA) Q2 2026 earnings results: miss on EPS, beat on revenue
Tesla has burned short sellers many times in the past, but the company’s latest Earnings Call was a chance for those skeptics to taste some payback. Although the company gave some very transparent information regarding future projects, the rollout of Robotaxi, Optimus, and Semi, many investors took their profits on Thursday.
Notable short sellers like Michael Burry have been transparent about their skepticism around Tesla shares. Burry just revealed three weeks ago that he had opened up a new short on the stock, stating he shorted Tesla shares at $416.22. “Happy it jumped back to this level,” he said in a blog post.
At the time of publication, Tesla shares were down about 3 percent and the stock was trading at $309.92.
Tesla stock (NASDAQ: TSLA) endured one of its sharpest single-day declines in years on July 23, tumbling approximately 14.5 percent and closing near $320 after opening the session around $374. The drop erased more than $140 billion in market value amid heavy trading volume and left the shares at multi-week lows.
The sell-off followed the company’s second-quarter 2026 results, released the previous evening. Tesla reported record revenue of $28.2 billion, up 26 percent year over year, driven by a Q2-record 480,126 vehicle deliveries. Energy storage deployments also rose strongly.
Tesla (TSLA) Q2 2026 earnings results: miss on EPS, beat on revenue
Yet profitability disappointed sharply. Operating income fell 57 percent to $398 million, compressing the operating margin to just 1.4 percent. Non-GAAP earnings per share came in at $0.33, well below the roughly $0.53 analysts had expected. Free cash flow turned negative by $1.1 billion as capital expenditures surged 142 percent to $5.8 billion, largely tied to accelerated spending on artificial intelligence, robotics, and autonomous systems.
The losses on capex were expected, as Tesla said it would be spending heavily in 2026.
Investors also reacted to lingering uncertainty surrounding key product timelines. During the Earnings Call, management reiterated ambitions for Robotaxi deployment and the Optimus humanoid robot, but offered limited new concrete milestones, renewing questions about execution pace that have long accompanied Tesla’s ambitious roadmap.
The magnitude of the decline places it among Tesla’s more severe one-day percentage losses since its 2010 initial public offering. Historically, the two largest single-day drops (split-adjusted) remain September 8, 2020, when shares fell 21.1 percent amid broader market volatility and valuation concerns, and January 13, 2012, with a 19.3 percent plunge during the company’s early growth struggles.
Other notable declines include an 18.6 percent drop on March 16, 2020, at the onset of pandemic-related market turmoil. Thursday’s move ranks roughly ninth on the all-time list but stands out as the steepest in more than a year.
Despite the short-term pain, Tesla’s long-term trajectory has repeatedly recovered from such volatility. The latest results underscore both the strength of its core automotive and energy businesses and the near-term costs of heavy investment in next-generation technologies.
SpaceX wants to catch Starship for launch 14, Elon Musk says
Tesla to open source Model S and Model X designs and software
