Investor's Corner
Tesla (TSLA) Q2 2019 production and delivery report: What Wall St analysts are saying
Tesla stock (NASDAQ: TSLA) is surging on Wednesday on the heels of the release of the company’s Q2 2019 delivery and production report. With deliveries and production far exceeding forecasts from Wall St, several analysts have weighed in on the electric car maker’s record-setting quarter, which saw Tesla producing a total of 87,048 vehicles, comprised of 14,517 Model S and Model X, and 72,531 Model 3; and delivering a total of 95,200 cars, comprised of 17,650 Model S and X and 77,550 Model 3.
Morgan Stanley analyst Adam Jonas, who quoted a “worst case” $10 price target on TSLA stock back in May, admitted that despite the number of leaked Elon Musk emails and reports pointing to a record quarter, Tesla’s over 95,000 vehicle deliveries were unexpected. “We had not spoken to any investors that expected deliveries to be this high. We expect the stock to squeeze and then fade on this news,” Jonas wrote in a note. Nevertheless, the analyst still pointed out that continued concerns about “sustainable” demand and competition in regions such as China would likely weigh down the stock.
“It isn’t clear how much of the beat was due to underlying demand, more attractive pricing, sales bonuses, or pull-forward from (the) third quarter after tax credit reduction. Based on year-to-date deliveries, if Tesla achieves 95,000 units in the third and fourth quarters, it would take them to about 350,000 units for 2019, just shy of guidance of 360,000-400,000 units,” Jonas, who currently has an Equalweight rating on Tesla stock with a price target of $230 per share, noted.
Nomura analyst Christopher Eberle, who has a Neutral rating and a $300 price target for TSLA, also weighed in on the electric car maker’s Q2 results. “Tesla noted that orders generated during the quarter exceeded deliveries, implying the company enters 3Q19 with an increase in its backlog,” he stated. Eberle remained cautious, adjusting his third-quarter delivery estimate by just 5% to 80,000 units.
Joseph Osha of JMP Securities, who maintains a Market Perform rating and a $347 price target on the electric car maker, stated that he expects to see Tesla’s cash balance rise to $2.67 billion in the second quarter. Osha also argued that the second quarter results prove that the company’s lower-than-expected first quarter figures were not an indicator of real end demand in the United States. “Overall, the message we hear is that Tesla’s weak first quarter was not, in fact, an indicator of real end demand in the U.S. market. The combination of U.S. demand and export volume appears sufficient to support an outlook of ~380,000 deliveries this year, and our outlook for the second half of the year remains unchanged,” the analyst stated.
Wedbush Securities analyst Daniel Ives, who has a Neutral rating and a $230 price target on Tesla stock, noted that the company’s strong Q2 delivery numbers were “a clear step in the right direction,” which could help restore the credibility of Elon Musk’s story. Ives was among the most vocal critics of Tesla following its first-quarter results, at one point calling Q1’s results “one of (the) top debacles we have ever seen.” Ives also mocked Tesla for maintaining its optimistic forecast for the rest of 2019, stating that “Musk & Co., in an episode out of the Twilight Zone, act as if demand and profitability will magically return to the Tesla story.” Prior to the release of Tesla’s Q2 2019 production and delivery report, Ives expected the company to deliver 84,001 vehicles.
Goldman Sachs analyst David Tamberrino, one of TSLA’s most ardent critics who currently has a Sell rating and a $158 price target on the electric car maker, stood by his pessimistic outlook on the company. Tamberrino stated that “second-quarter deliveries and order flow were helped by the release of Tesla’s Standard Model 3 variant, right-hand drive Model 3s and the upcoming phasing out of U.S. tax incentives.” The Goldman Sachs analyst also expects a “sequential” stepdown in demand in the third quarter, on account of Tesla’s decision to offer lower-priced Model 3 variants and a leasing option, which he notes could have negative impacts on the vehicle’s gross margins and FCF generation. Interestingly, Tamberrino expected Tesla to deliver 91,124 vehicles in the second quarter (one of the highest on Wall Street, exceeding even that of Tesla bull and Baird analyst Ben Kallo), which is quite ironic considering his constant pessimistic stance against the electric car maker. Goldman Sachs’ investment bank is also among TSLA’s prominent shareholders.
As of writing, Tesla stock is trading +6.13% at $238.31 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 (SPCX) IPO is live today at $135: Here’s exactly what you need to know
SpaceX priced its historic IPO at $135 per share today, raising a record $75 billion.
SpaceX officially priced its initial public offering at $135 per share, offering 555,555,555 shares of Class A common stock and raising $75 billion in what is the largest IPO in stock market history. Shares are set to begin trading on the Nasdaq Global Select Market on Friday, June 12, under the ticker symbol SPCX. The previous record holder was Saudi Aramco’s 2019 offering at $29 billion, followed by Alibaba’s $22 billion offering in 2014.
At $135 per share and roughly 555.6 million shares, the implied valuation sits near $1.75 trillion, which would make SpaceX roughly the seventh largest company in the United States, just above Tesla’s current market cap. Regular investors can request shares at the IPO price through Robinhood, Fidelity, Charles Schwab, SoFi, and E*TRADE, though the deal is heavily oversubscribed and most retail allocations will be partial or unfilled. Once trading opens June 12, anyone with a brokerage account can buy SPCX on the open market.
SpaceX’s amended S-1 is sparking a major Tesla merger conversation
The valuation is anchored primarily by Starlink. Starlink crossed 10 million subscribers as of February 2026 and is adding 750,000 to 1.5 million new users per month, with the connectivity segment already posting a $1.19 billion profit last quarter. The offering also bundles in xAI following SpaceX’s all-stock merger earlier this year, adding Grok and the Colossus supercomputer to the investment thesis. As Teslarati reported, Starlink ended 2025 with $10 billion in revenue, a figure analysts project could reach $24 billion by end of 2026.
Wedbush analyst Dan Ives has been vocal in his support. “I think the time is right,” Ives said, adding that the offering expands the Elon Musk ecosystem rather than competing with Tesla. An average 12-month price target of $165 per share represents roughly 22% upside from the IPO price. Not everyone agrees – Motley Fool noted xAI is spending $1 billion per month playing catch-up to OpenAI and Anthropic.
Musk founded SpaceX in 2002 with a single stated purpose. “Elon founded SpaceX with a goal to change humanity, to make us a multi-planet species,” CFO Bret Johnsen said in the company’s retail roadshow video this week. Musk himself has been more direct: “We are building the systems and technologies necessary to provide global connectivity on Earth and beyond, to understand the true nature of the universe, and to extend the light of consciousness to the stars.”
Investor's Corner
Tesla unfolded its first European “folding Supercharger”
Tesla’s folding Supercharger just arrived in Europe and it changes how fast charging expands.
Tesla’s Folding Unit Supercharger has officially landed in Europe, with the company teasing a new installation in its effort for a broader rollout targeting major motorway rest stops across the European continent in Q3 2026. The arrival marks a notable shift in how Tesla is thinking about network expansion, moving from hardware performance alone to engineering the logistics chain itself.
While Tesla did not reveal the exact location for the new folding Supercharger in Europe, the photo shared on X heavily suggests that this maybe somewhere in Norway. Historically, whenever Tesla rolls out an entirely new infrastructure architecture in Europe, whether it was the original Supercharger stalls years ago or these brand-new modular V4 “Folding Units”, Norway is almost always the designated launch pad because of its unmatched EV adoption rate and supportive infrastructure
The Folding Unit, introduced in March 2026, is a factory pre-assembled V4 charging station built on an industrial hinge system mounted to a heavy-duty concrete base. The entire assembly arrives on site ready to unfold and connect. Tesla confirmed the units feature telescopic light poles specifically designed for easy transportation and fast on-site deployment, a detail that signals how carefully the logistics chain has been engineered alongside the hardware itself. The design allows 33% more stalls per delivery truck, cuts installation time roughly in half, and reduces overall deployment costs by more than 20% compared to traditional installations.
Tesla’s newest “Folding V4 Superchargers” are key to its most aggressive expansion yet
Tesla also noted telescopic light poles which provide benefits over traditional Supercharger installations that require fixed-height poles that are awkward to ship, slow to position on site, and often require separate crews and equipment to erect before charging hardware can even be staged. By engineering poles that compress for transit and extend on arrival, Tesla has removed one of the quieter bottlenecks in the physical deployment process. Every hour saved on a light pole installation is an hour redirected toward getting stalls energized. At scale, across dozens of new sites per quarter, those hours add up to a meaningful acceleration in how quickly a location goes from approved permit to serving its first customer.
Each Folding Unit pairs a single V4 power cabinet with eight charging posts. The V4 cabinet delivers up to 500 kW per stall for passenger vehicles and up to 1.2 MW for the Tesla Semi, supporting twice the stalls per cabinet at three times the power density of its predecessor. Longer cables make every new station immediately usable by non-Tesla vehicles, a priority as Tesla continues opening its network to Ford, GM, Rivian, Hyundai, Stellantis, and others.
As Teslarati reported when the Folding Unit was first unveiled, Tesla’s Gigafactory New York produced its final V3 Supercharger cabinet in March 2026 after more than seven years and 15,000 units, completing a full pivot to V4 production. The European arrival of the folding design is the next chapter in that transition.
Faster and cheaper deployment means Tesla can justify building in markets and corridors that were previously too expensive to serve, filling the coverage gaps that have slowed EV adoption outside major urban centers.
First Folding Unit Superchargers in Europe 🇪🇺 https://t.co/KNfYWJukkL pic.twitter.com/YR1udIpH1i
— Tesla Charging (@TeslaCharging) June 10, 2026
Tesla Full Self-Driving (Supervised) is currently listed as a Level 2 suite in terms of its passenger cars. As its Robotaxi platform continues to move quickly, it has been recognized as a Level 4 ride-sharing program by the State of Texas, as Tesla recently self-certified itself.
However, a Wall Street analyst is arguing that Tesla (NASDAQ: TSLA) has effectively achieved Level 4 autonomy in most conditions in all of its vehicles, drawing on personal experience and data released by the company.
Alex Potter of Piper Sandler said in a note to investors on Wednesday that “Tesla has solved the self-driving puzzle,” pointing to decisions to offer insurance discounts for FSD-enabled policies as a signal of confidence, which is backed up by stellar safety records compared to human driving.
Investing.com initially reported on Potter’s new note.
Additionally, Potter looks at the recent start of Cybercab production at Giga Texas as a potential indication that Tesla is ready to offer some level of unsupervised driving at least in the near future. The Cybercab has no steering wheel or pedals, completely eliminating the ability for human input.
He also sees Tesla’s allocation of “several hundred million USD (if not $1B+)” as confidence internally, seeing as it would be tough to set aside that amount of capital toward a project that the company does not see as relatively near-term.
Forward thinking, especially as Cybercab has no human controls, it would make sense that Tesla is at least close to self-driving. How close is another question.
Tesla has routinely teased that unsupervised FSD is close, but there are still a lot of things it feels as if the company has to roll out some more capability, including unsupervised parking features, known as “Banish,” better operation with regional self-driving performance, and other improvements.
That is not to say that Tesla FSD is super impressive already. It has already completed coast-to-coast drives across the United States and Canada, it routinely takes the stress out of driving for most people, and it has proven through Tesla Safety Reports that it is safer and involved in accidents less frequently than humans.
🚨 These are the first-ever FSD safety statistics out of the Netherlands, showing it was over 3.5x safer than human driving on Dutch roads.
The most recent numbers out of Tesla for North America show:
-Over 5.5 million miles between accidents for Teslas using FSD
-660k miles… https://t.co/XKlRzgSGEh pic.twitter.com/HX6kzh0ZKc— TESLARATI (@Teslarati) June 9, 2026
Even Potter believes it is capable, as he used it to go from Missoula, Montana, to Minneapolis, Minnesota, back in April.
“There’s no substitute for personal experience,” he wrote.
SpaceX (SPCX) IPO is live today at $135: Here’s exactly what you need to know
Tesla unfolded its first European “folding Supercharger”
