Investor's Corner
$TSLA action leading up to Tesla’s reveal of Master Plan, Part Deux
It has not been an easy two weeks for Tesla in the news. Lately all the news has been fairly negative:
- Negative response to the Tesla – SolarCity merger from the great majority of brokerage firms covering Tesla.
- First driver killed in an accident involved with a Tesla vehicle operating on autopilot.
- Start of preliminary evaluation from NHTSA of various Tesla accidents involving autopilot.
- Start of National Transportation Safety Board (NTSB) investigation, independent of the NTSA’s inquiry into the collision that killed 2015 Model S driver Joshua Brown.
- Start of Securities and Exchange Commission (SEC) probe over fatal autopilot crash and whether it was “material” and Tesla was at fault for failing to inform its shareholders prior to the last stock offering.
- Request by Sen. John Thune (R-S.D.), the chairman of the Senate Commerce Committee, for Tesla to “brief Committee staff on the details of this incident, including the technology that was in use at the time, Tesla’s actions in response, and the company’s cooperation with NHTSA.”
That mass of negative reporting would normally kill any stock. But what was the effect on $TSLA for the past couple of weeks? Not much.
We had one week of still higher highs on the stock, followed by flat “compression” last week. This week $TSLA stock is back up again, especially Wednesday ahead of the company’s release of its “Masterplan Part 2”. The stock shot up by $1 in the span of 10 minutes, after CEO Elon Musk tweeted that the plans would be released later in the day.
Now that the Master Plan Part Deux has been published, it will be interesting to see Thursday what will be the response to the Plan from the broad market.
Stock Action
Looking at the $TSLA stock chart for the past couple of weeks, the technicals are still greatly in its favor. The latest Heikin Ashi – MACD “swing” has provided already an upside of over $11 since the MACD crossed to the bulls on June 30. Anyone that pulled the trigger on that day on the buy side is now sitting happy on a nice gain. Anyone trading options is sitting happy on huge gains.
Right now $TSLA stock is all fired up: Heikin Ashi green for 13 out of the past 17 sessions, stock above the 200-day moving average, MACD positive and still crossed to the bulls.
By the way, the charts from Wall Street I/O have an unique “smart study” that back-calculates all the effects of indicators like the MACD over a period of time. As one can see from the chart above, $TSLA is a wonderful stock for MACD “swing” traders.
Master Plan 2.0
I, like everybody, am anxiously waiting for the street’s response to Tesla’s Master Plan 2.0.
Today Jim Cramer was quoted on TheStreet as saying that “Tesla’s New Master Plan Won’t Matter, the Stock is ‘Heavily Shorted’.”
“It doesn’t really matter — this stock is so heavily shorted ,” Cramer said on Wednesday. “It can’t be borrowed, thank you Doug Kass for giving me that information.”
Q2 2016 Financial Results Date
Lastly, on July 19 Tesla sent a letter to investors indicating that “Tesla will post its financial results for the second quarter ended June 30, 2016, after market close on Wednesday, August 3, 2016. ” According to the letter, “Tesla management will hold a live question & answer webcast that day at 2:30pm Pacific Time (5:30pm Eastern Time) to discuss the Company’s financial and business results and outlook.” These are the details of the Q&A Webcast:
What: Date of Tesla Q2 2016 Financial Results and Q&A Webcast
When: Wednesday, August 3, 2016
Time: 2:30pm Pacific Time / 5:30pm Eastern Time
Webcast: http://ir.tesla.com (live and replay)
Update: Early morning Thursday pre-market action
$TSLA stock is off by $3 at $225. The initial reaction to the second iteration of the master plan from Wall Street analysts “seems to have failed to assuage investor’s fears”, as reported by TheStreet.com.
Investor's Corner
Tesla Robotaxi gets a massive upgrade in Nevada
Nevada regulators just approved a massive expansion of Tesla’s robotaxi fleet across the entire county.
Tesla’s robotaxi footprint in Nevada just grew by roughly 500 times in a single regulatory vote.
The Nevada Transportation Authority approved Tesla’s full Autonomous Vehicle Network Company permit on Thursday, clearing the way for the company to deploy up to 5,000 driverless vehicles across Clark County over the next 12 months. The decision came during a four hour general session meeting that Tesla investor Sawyer Merritt watched live and reported on X, noting the vote replaces the interim order that had limited Tesla to just 10 robotaxis on a narrow stretch of the Las Vegas Strip.
EXCLUSIVE: Tesla has just officially received approval for its full Autonomous Vehicle Network Company permit in Nevada, clearing the way for Tesla to launch a paid public Robotaxi service in Las Vegas.
This officially allows @Tesla to deploy up to 5,000 robotaxis over the next… pic.twitter.com/DPs5UtUlrE
— Sawyer Merritt (@SawyerMerritt) August 20, 2026
That earlier cap, covered here after it surfaced on August 13, came with restrictions that looked stricter than what Tesla runs in Austin: a 45 mph speed ceiling, no airport pickups, and a geofence confined to the Strip corridor. The new approval extends Tesla’s operating authority to all of Clark County, with room to request an even wider geofence across the state.
Tesla representatives at the meeting said they have no intention of putting 5,000 cars on the road right away. Commercial rides are expected to start within 30 days, pending vehicle inspections, insurance filings, and fare approval, the standard steps every robotaxi operator in Nevada has had to clear.
Tesla’s own Robotaxi account replied to the news with a short line, The golden future is upon us.
The timing lines up with Tesla’s broader robotaxi push this month. The company is preparing to open Cybercab rides to the public in Austin as soon as this month, and it opened a sweepstakes for riders to win a seat at the launch event. Tesla filed its original application for a 5,000 vehicle Nevada fleet back in June, a request regulators trimmed to 10 vehicles when they issued the interim order in July. Thursday’s vote effectively grants the number Tesla asked for from the start.
Zoox, the Amazon owned robotaxi operator, has run in Nevada since 2025 and was capped at 100 vehicles before Thursday’s decision. Tesla’s new ceiling puts it well ahead of that comparison on paper, though the company has said its actual fleet size will depend on how quickly FSD v15 rolls out, the software update executives have called the gateway to scaling unsupervised robotaxi operations nationwide.
Elon Musk
SpaceX’s next trillion dollar bet has nothing to do with rockets, Musk tells staff
Elon Musk told SpaceX staff AI revenue will soon dwarf rockets and Starlink combined entirely.
Elon Musk told SpaceX employees this week that artificial intelligence, not rockets, will soon carry the company’s revenue. In a roughly 29 minute internal address posted on SpaceX’s X account on Tuesday, Musk said AI revenue will pass every other line of business at SpaceX “probably in September” and pull further ahead by the fourth quarter.
The numbers he gave are specific. SpaceX currently runs 1.4 gigawatts of AI compute capacity. Musk wants that at 10 gigawatts by the end of 2027, a jump he tied directly to revenue: “if we bring 10GW of AI online by the end of next year, it will be $300 billion to $500 billion a year in revenue.” He called those “big numbers,” which undersells a projection larger than what most countries produce in a year.
We made rockets reusable and are rebuilding the internet in space. The next challenge: making life multiplanetary and understanding the true nature of the universe
Watch @ElonMusk deliver a company update to @SpaceX employees pic.twitter.com/5c8rxoCQfu
— SpaceX (@SpaceX) August 11, 2026
Musk went further on where AI fits into SpaceX’s future. “Probably in four or five years, AI will be 99% of the value of SpaceX,” he told staff, adding that digital intelligence would eventually run “a trillion times” ahead of biological intelligence as computing scales. He tied that growth to the company’s founding mission, telling employees “we must win on AI, because the future is overwhelmingly AI and robots,” with the payoff meant to help fund Starship and a Mars program that increasingly runs through Terafab, the joint Tesla, SpaceX and xAI chip plant.
Elon Musk launches TERAFAB: The $25B Tesla-SpaceXAI chip factory that will rewire the AI industry
None of this is entirely new territory. SpaceX told investors much the same story during its first earnings call as a public company on August 4, where Musk moved the company’s $1 trillion revenue target up a year to 2030 and said Starlink could someday carry a majority of the world’s internet. What the all hands video adds is a hard deadline and a specific power figure Musk had not given publicly before, along with a franker pitch to his own workforce that AI, not launch cadence, is now the thing SpaceX is betting its future on.
The AI revenue itself is not coming from SpaceX training its own models. It is largely Starlink acting as the network layer for xAI’s workloads, plus SpaceX renting out compute capacity directly, the same approach behind the roughly $16 billion the company spent on AI infrastructure in a single quarter.
Musk closed the video with a pitch aimed at recruiting and retention rather than investors, telling employees that anyone who helps SpaceX win the AI race will eventually get the chance to go to the moon or Mars themselves. Whether SpaceX can turn 1.4 gigawatts into 10 in seventeen months is the more immediate question, and one that will show up in quarterly numbers well before anyone leaves Earth.
In a new note to investors on Tuesday, Morgan Stanley analyst Andrew Percoco said that Tesla has one big financial question to answer for investors regarding its Robotaxi rollout, Full Self-Driving software, and Optimus.
Percoco said in the note that, for the most part, investors are still very positive about the direction the company is headed. However, there are some things the firm would like to see, and they have to do with financials.
Tesla (TSLA) Q2 2026 earnings results: miss on EPS, beat on revenue
Tesla bulls are more than convinced that the company’s Full Self-Driving software is proof it can develop physical AI. Financially, however, there are still some questions, especially on elevated spending, which CEO Elon Musk said would occur as the company works to roll out Robotaxi faster and continue developing its Optimus robot.
The latter two are where Tesla will have to prove progress to investors, as Percoco writes that both projects “will require clearer evidence that Robotaxi is scaling and more tangible Optimus proof points to support the ROI on elevated capex.”
Percoco said the second quarter earnings call did not change his long-term thesis of where Tesla is positioned in the AI race, which is out in front. However, there are concerns that weaker gross margins and higher R&D spend will stress financials, and that has “sharpened our (and investors’) focus on measurable progress across Robotaxi and Optimus.”
Additionally, Robotaxi still needs to be proven with more operation in existing cities while maintaining safety but improving how many rides it gives in any given time, he said. For Optimus, Percoco wrote that he is “still looking for evidence beyond commentary around SOP.”
Morgan Stanley put Percoco in charge of covering Tesla after long-time analyst Adam Jonas transitioned to the automotive side.
Currently, Morgan Stanley has a $415 price target on Tesla and a ‘Hold’ rating on the stock. It is trading at around $330 at the time of publication, which was 2:30 P.M. on the East Coast.
Elon Musk just set a condition that could end Falcon 9 as we know it
Tesla will launch Cybercab on September 3
