Rep. Ro Khanna Challenges Elon Musk to Debate

Written by Emily J. Thompson, Senior Investment Analyst

Source: CNBC

Updated: 1 hour ago

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TSLA+1.14%

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Source: CNBC

Debate Challenge: Rep. Ro Khanna publicly challenged billionaire Elon Musk to a debate during a CNBC interview, focusing on the cuts made during Musk's tenure at the Department of Government Efficiency, demonstrating his firm stance on taxing the wealthy.
Social Media Spat: This challenge arose from an intense exchange on social media platform X, where Musk threatened to sue Khanna, labeling him a 'liar', indicating a significant escalation in their contentious relationship.
Humanitarian Concerns: Khanna cited a Lancet study claiming that cuts to USAID could lead to the deaths of over 4.5 million children, emphasizing Musk's potential accountability in this matter and highlighting his commitment to social issues.
Political Context: Khanna's challenge reflects not only a personal confrontation but also the Democratic Party's strong opposition to the wealthy and billionaires ahead of the 2028 elections, showcasing his strategic positioning within the party and its implications for future elections.

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Analyst Views on TSLA

Wall Street analysts forecast TSLA stock price to rise

30 Analyst Rating

12 Buy

11 Hold

7 Sell

Hold

Current: 400.490

Low

25.28

Averages

401.93

High

600.00

Current: 400.490

Low

25.28

Averages

401.93

High

600.00

Goldman Sachs

Neutral

upgrade

2026-06-16

Reason

Goldman Sachs

Price Target

AI Analysis

2026-06-16

upgrade

Neutral

Reason

Goldman Sachs believes Tesla's Q2 vehicle deliveries are likely tracking ahead of the 400,000 unit consensus estimate. Goldman upped its forecast to 420,000 units from 405,000, citing sales data points for Tesla's key regions China, the U.S., and Europe. Europe in particular is showing strong year-over-year growth, the analyst tells investors in a research note. Through May, Tesla's quarter-to-date deliveries are tracking down mid-teens year-over-year, adds Goldman. The firm keeps a Neutral rating on Tesla shares with a $375 price target.

GLJ Research

Gordon Johnson

Sell

maintain

2026-06-12

Reason

GLJ Research

Gordon Johnson

Price Target

2026-06-12

maintain

Sell

Reason

GLJ Research analyst Gordon Johnson notes that the firm's model points to Tesla Q2 global deliveries of 426,017 units, which would be up 19.0% sequentially from Q1's 358,023 and up 10.9% against the 384,122 Tesla delivered in Q2 of last year. That estimate leaves the firm "above the sell-side and below the crowd," the analyst noted. However, this is "not evidence that demand has re-accelerated" as Q1 paired a 4% delivery miss with a 50,363-unit sequential inventory build, notes the analyst, who argues that a sequentially stronger Q2 is "the arithmetic consequence of clearing that overhang into a seasonally stronger quarter." GLJ reiterates a Sell rating on Tesla shares.

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About TSLA

Tesla, Inc. designs, develops, manufactures, sells and leases high-performance fully electric vehicles and energy generation and storage systems, and offers services related to its products. Its segments include automotive, and energy generation and storage. The automotive segment includes the design, development, manufacturing, sales and leasing of high-performance fully electric vehicles, and sales of automotive regulatory credits. It also includes sales of used vehicles, non-warranty maintenance services and collisions, part sales, paid supercharging, insurance services revenue and retail merchandise sales. The energy generation and storage segment include the design, manufacture, installation, sales and leasing of solar energy generation and energy storage products and related services and sales of solar energy systems incentives. Its consumer vehicles include the Model 3, Y, S, X and Cybertruck. Its lithium-ion battery energy storage products include Powerwall and Megapack.

About the author

Emily J. Thompson

Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.

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China Accelerates Electric Truck Exports Amid Rising Demand

1 hour agoCNBC

Surge in Electric Truck Orders: Chinese manufacturer Sany Heavy Industry has received an order for approximately 880 electric trucks, expected to be shipped by the end of June, reflecting urgent overseas demand driven by rising shipping and oil costs.
Clear Policy Goals: China's Ministry of Transport has set a target for new energy heavy trucks to account for 40% of new truck sales by 2030, echoing the earlier push for new energy passenger vehicles, indicating strong governmental support for the electric truck market.
Rapid Market Share Growth: Last year, electric trucks accounted for 25% of total truck sales in China, contributing to a doubling of global electric truck sales to over 400,000 units, showcasing the advantages of electric trucks in terms of operational cost and declining battery prices.
Intensifying Global Competition: While automotive giants like Tesla and Mercedes-Benz are ramping up their electric truck offerings, Sany's highly automated production capabilities and global market presence position it as a leader in electric truck exports, likely to continue increasing China's market share in the global electric truck sector.