Tesla, Inc. (TSLA)[Tv]

Key Developments

• Tesla reported record Q2 2026 deliveries of 480,126 vehicles—a 25% year-over-year increase and its highest-ever quarterly total, demonstrating unmatched execution and demand resilience despite broader market headwinds.
• The company secured over $9 billion in new Megapack energy storage orders across 43 GWh in just six weeks, marking a structural validation of its dominance in grid-scale battery solutions and signaling a potential revaluation of Tesla beyond the EV sector.
• The NHTSA launched an ongoing safety investigation into Tesla’s Full Self-Driving (FSD) system, with heightened scrutiny coinciding with the expansion of robotaxi trials to Miami, posing a direct regulatory risk to Tesla’s autonomous ambitions.
• Tesla was excluded from California’s $135M EV subsidy program due to its Austin-based operations—despite being a dominant seller in the state—marking a significant regulatory setback that undermines its competitive advantage in its largest market.
• Michael Burry initiated a short position in Tesla, delivering a high-stakes contrarian signal that the stock’s $1.51 trillion market cap may be unsustainable, reflecting deepening skepticism about AI-driven valuations and long-term execution risks.