Tesla’s Radical Makeover: Robot Factory Retooling, Musk’s Voting Power, and a Two-Speed Sales Story
20.06.2026 - 17:15:07 | boerse-global.de
Elon Musk has cemented his grip on Tesla’s future by exercising options on more than 300 million shares, pushing his voting stake to just under 20%. The move arrives as the company accelerates its shift from a carmaker into an artificial-intelligence and robotics powerhouse – a transition that is already reshaping factory floors, product plans, and investor expectations.
The share purchase also caught the attention of Cathie Wood’s ARK Invest, which bought roughly 55,000 Tesla shares on 18 June for about $21.7 million. The purchase marks a reversal from the prior week, when ARK trimmed its position to free up cash for the SpaceX IPO. Tesla remains the largest single holding in the ARK Innovation ETF at 9.7%, and the firm stands by its long-range thesis that robotaxis, robotics, and energy storage could push the stock to $2,600 by 2029.
On the delivery front, Goldman Sachs analyst Mark Delaney raised his second-quarter estimate to 420,000 vehicles from 405,000, while the broader consensus sits at 400,000. The revision is driven by a sharp divergence in regional performance. European registrations through May surged roughly 85% to 90% year-on-year, though that is flattered by a weak base: in Q2 2025, Tesla’s European deliveries plunged 29%. China, meanwhile, posted high-single-digit growth in the same period, according to China Passenger Car Association data. The United States tells a different story, with deliveries running about 15% below last year’s level through May – the only region in negative territory and the key risk to the overall Q2 tally.
Goldman, however, left its rating and price target unchanged at Neutral and $375, implying the expected delivery bump is already priced in. The bank nudged its 2026 earnings-per-share estimate slightly higher to $1.35. Tesla is scheduled to report official Q2 delivery numbers in early July. For reference, it handed over 384,122 vehicles in Q2 2025, meaning the new projection would represent roughly 9% growth.
Should investors sell immediately? Or is it worth buying Tesla?
Under the hood, the production pipeline is being reconfigured. Tesla is winding down output of the Model S and Model X at its Fremont factory to make room for humanoid robots. The company is aiming for mass production of the “Optimus” robot at a rate of one million units per year, with the third generation slated for launch in the first half of 2026. Supporting the AI push, Tesla has filed a trademark for “MEGAPOD,” modular data-centre hardware designed to leverage the enormous electrical capacity of its Supercharger network for decentralised computing.
On the vehicle side, the Cybercab robotaxi will be equipped with a 48-kWh battery and target a range of up to 670 kilometres. A stretched, six-seat version of the Model Y, dubbed the Model Y L, is nearing its US market debut from the Texas factory. Meanwhile, Tesla has issued a recall for 173 rear-wheel-drive Cybertrucks over potential brake disc defects.
Regulatory clouds are gathering in Europe. Sweden’s transport authority has blocked EU-wide approval of Tesla’s autonomous driving software, arguing that it allows drivers to manually override speed limits. An EU committee is scheduled to decide the software’s fate on 30 June 2026, adding a binary catalyst to the stock.
Tesla at a turning point? This analysis reveals what investors need to know now.
At the close of the week, Tesla shares stood at €347.50, almost exactly on their 50-day moving average of €346.86. The relative strength index sits at 47.8, and annualised volatility is near 42% – no clear technical signal. The stock is still digesting a weak first quarter, when deliveries of 358,023 units missed expectations and production exceeded deliveries by roughly 50,000 vehicles, largely in the Model 3/Y segment. Q1 revenue came in at $22.38 billion, with non-GAAP earnings of $0.41 per share, both slightly ahead of forecasts.
Tesla plans to invest more than $25 billion this year to fund its simultaneous bets on robotics, AI infrastructure, and vehicle refreshes. With the EU software decision still a year away and US demand showing no signs of a rebound, the next major inflection point for the shares will be the Q2 delivery print – and whether the factory retooling can begin to pay off without further denting near-term sales.
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