Tesla, Inc. (TSLA)[Tv]

Key Developments

• Tesla reported record Q2 2026 deliveries of 480,126 vehicles—its highest-ever quarterly total and an 18% beat over expectations—solidifying its dominance in the global EV market despite ongoing profitability concerns.
• The company secured over $9 billion in new Megapack energy storage orders across 43 GWh in just six weeks, signaling a structural shift toward a recurring-revenue infrastructure leader with a scalable, long-term growth engine.
• Tesla’s stock plunged 14.5% in a single day—the steepest drop among the Magnificent Seven—driven by a negative free cash flow for the first time in over two years and a 57% YoY decline in operating income, triggering a sharp investor reckoning with its valuation.
• Michael Burry initiated a short position in Tesla, marking a pivotal institutional challenge to the company’s $1.51 trillion valuation and exposing growing skepticism about its speculative, AI-driven future without near-term profits.
• The NHTSA launched a formal safety investigation into Tesla’s Full Self-Driving (FSD) system, with heightened scrutiny coinciding with the Miami robotaxi rollout, creating a direct threat to Tesla’s autonomy ambitions and signaling potential regulatory crackdowns.