Tesla Daily Update – June 12, 2026

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📝 Today’s Tesla News Summary

SpaceX IPO Makes Elon Musk World’s First Trillionaire: SpaceX debuted on public markets today, pushing valuation past $2 trillion and making Elon Musk the world’s first trillionaire with ~$1.1 trillion net worth. Tesla stock dipped ~2% as investor attention rotated toward the newly public rocket company.

Strong Q1 2026 Results: Tesla reported $22.4B revenue (+16% YoY), non-GAAP EPS of $0.41 (14% beat), and automotive gross margin expanded to 21.1%. Free cash flow surged 117% to $1.44B with $44.7B in cash reserves.

FSD & AI Growth: Active Full Self-Driving subscriptions jumped 51% to 1.28 million. Tesla completed tape-out of its AI5 inference chip in April and operates 81,000 H100-equivalent GPUs in its Cortex AI cluster.

Valuation Reality Check: Tesla trades at ~$389 with a 1.46T market cap and P/E of 357x trailing earnings, priced for expansion into robotaxis, humanoid robots, and AI services.

🔗 Sources