Tesla Hits 10 Million Vehicle Milestone

Tesla reached a historic manufacturing peak on July 30, 2026, by producing its 10 millionth battery-electric vehicle Gadget Review. The milestone vehicle, a Diamond Black Model Y, was completed across Tesla's global production network, which now includes Fremont, Shanghai, Berlin, and Texas Gadget Review. This achievement comes as Tesla reported record global Q2 deliveries of 480,126 units Gadget Review, though the company faces a 13% year-over-year decline in U.S. sales Gadget Review.

To unlock CEO Elon Musk's $1 trillion compensation package, the company must now scale toward even more aggressive targets: 20 million vehicles, 10 million Full Self-Driving (FSD) subscriptions, and one million robotaxis Gadget Review. Analysts note that while the 10 millionth car is a testament to scale, the focus is shifting toward software margins and AI-driven services to justify Tesla's $1.22 trillion market capitalization MarketBeat.

Musk Denies China Spinoff and SpaceX Merger Speculation

Elon Musk took to X to vehemently deny reports from the Wall Street Journal suggesting Tesla might spin off or sell its China business to facilitate a merger with SpaceX CBT News. Musk labeled the claims "absurdly fake news" and stated the topic has "never even come up in a discussion" Storyboard18. The initial report suggested that advisers were exploring a carveout to shield SpaceX's sensitive U.S. defense contracts from Chinese regulatory scrutiny TradingView.

Despite Musk's denial, the Shanghai Gigafactory remains a critical piece of the puzzle, accounting for more than half of Tesla's global deliveries with an annual capacity exceeding 950,000 units NDTV Profit. Tesla's China operations are unique as they are wholly owned without a local joint-venture partner Storyboard18. Any potential merger would link Tesla to a public SpaceX stock that has struggled, trading roughly 17% below its IPO price TradingView.

Market Watch: TSLA Technicals and Institutional Inflows

TSLA closed Friday at $307.71, down 0.37% from the prior day [TSLA Stock Data]. Despite the slight dip, institutional interest is intensifying; E20 Capital Ltd recently acquired 26,231 shares valued at approximately $9.75 million MarketBeat. Other firms, including Davidson Capital Management and Friedenthal Financial, also increased their positions by 79.4% and 66.7% respectively MarketBeat.

Technically, the stock is attempting to hold the $300 support level following a post-earnings selloff FX Leaders. Morningstar maintains a fair value estimate of $450, suggesting the stock is currently undervalued by approximately 31% Morningstar. However, the stock remains 21.6% below its 50-day moving average, indicating a bearish short-term trend Benzinga.