Overview
- Individual investors bought heavily in recent trading, contributing roughly $372 million of net inflows over five sessions and helping halt a multiweek sell‑off.
- Tesla and SpaceX announced an initial $16.8 billion commitment to build Terafab in Texas, a planned advanced chip facility that is expected to devote about 25% of its compute capacity to Tesla projects and support roughly 3,000 jobs.
- Tesla’s second‑quarter report, released July 22, showed revenue of $28.24 billion that beat estimates while EPS fell to $0.33 versus a $0.50 consensus, a gap that has pressured margins and investor confidence.
- Regulatory and commercial updates include an NHTSA recall of 20,349 Model 3 and Model Y vehicles for overly bright low‑beam headlights and SpaceX disclosing about $295 million of Megapack purchases in Q2 that boosted Tesla’s energy business.
- The stock remains down about 26–27% year‑to‑date, trades at an elevated multiple near 194 times expected 2026 earnings, carries a Wall Street consensus of Hold with a $401.74 average target, and is likely to stay volatile until Tesla shows clearer returns from autonomy, AI and robotics investments.