Elon Musk claims that Tesla (TSLA) shorts, people betting against the company’s stock, are going to be ‘obliterated, ‘ but there’s a big if to his prediction.
‘Shorts’ is a term used to refer to people betting against the stock of a company. They have long played a significant role in Tesla’s history on the stock market, and CEO Elon Musk has frequently commented on the situation, going so far as to predict their downfall and criticize them at every opportunity.
Throughout the years, Tesla was often topping the list of the most shorted stocks on the NASDAQ. As the automaker became profitable, shorts started to take losses and lose interest.
However, people who shorted Tesla made a lot of money earlier this year after shorting the stock following a rally over Trump’s election and Musk’s relationship with Trump.
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Tesla’s stock has since recovered, and now, the short position on Tesla has stabilized at around 2.6% of the float, which is historically fairly regular and far from previous highs.
Nonetheless, CEO Elon Musk decided to take a jab at them today by claiming that they will be “obliterated” if they don’t sell their positions “before Tesla reaches autonomy at scale”:
“If they don’t exit their short position before Tesla reaches autonomy at scale, they will be obliterated.”
The operating phrase here is clearly: “before Tesla reaches autonomy at scale.”
Musk has been promising that Tesla will reach autonomy at scale by the end of every year for the last 6 years, and it has never happened.
The CEO’s latest timeline is that “autonomy will start positively contributing to Tesla around the second half of 2026.”
In the meantime, Tesla’s “Robotaxi” in Austin is still supervised by a Tesla employee in each vehicle, “Robotaxi” in California is just a ride-hailing service with employees in the driver’s seat, and Tesla’s “Full Self-Driving Supervised” in consumer cars has barely improved since Tesla launched v13 last year.
Electrek’s Take
I think Tesla shareholders hoping for a short squeeze should manage their expectations. With only 2.6% of the float and about a day to cover, any short squeeze would have a minimal impact.
However, I think Elon is probably right. If Tesla reaches autonomy at scale on his timeline, Tesla’s stock would shoot up, but there are huge caveats to this prediction.
Firstly, if you believe Elon’s latest timeline for the second half of next year, there are several significant events that are expected to occur at Tesla before then.
With the tax credit set to expire in the US and increasing competition in Europe and China, Tesla is expected to face several tough quarters after Q3. Elon himself admitted it during the last earnings call.
We are not just talking about Tesla continuing its earnings decline, which has been a clear trend for two years now, but we are talking about Tesla likely losing money, starting in Q1 2026. I don’t think shareholders and the market are ready for that.
Tesla’s liability regarding its failed autonomy promises and crashes is also increasing with more lawsuits advancing through the legal process every week.
In short, Tesla’s stock could take a significant hit over the next 12 months due to its declining EV business and increased liabilities.
Secondly, that’s assuming Elon’s latest autonomy prediction comes true, which has historically been a bad bet.
So Tesla’s fundamentals are about to crash, based on Elon’s own comment, but shorts will get “obliterated” if Elon’s historically terrible autonomy prediction finally comes true. Sounds like a big if to me.
That said, I wouldn’t necessarily recommend shorting Tesla’s stock based on this. The stock is clearly manipulated and trades primarily based on Elon Musk’s lies.
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Acura is bringing back the RSX, but you wouldn’t recognize it. It’s now a sporty electric SUV, and a fairly impressive one at that. It’s also the first electric vehicle built on Honda’s new Zero global EV platform.
Honda’s all-electric vehicle offering is quite limited – especially in North America.
It only sells the Prologue and Accura ZDX, which are based on GM’s Equinox EV. In Asia and Europe, the Japanese automaker has more electric models, but its efforts are still very much fragmented.
Now, it is preparing to launch a series of new EVs based on its in-house global EV platform: Zero.
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Today, Acura is unveiling what should become the first vehicle on the platform: the Acura RSX concept.
This is still only a concept, but Acura says that it’s a good preview for the final vehicle that will go into production at Honda’s new EV hub in Ohio during the second half of 2026.
It will be built on the same production line as the Acura Integra, which can get a bit confusing since the name RSX was also used for the Integra in some markets during the original run in the 90s.
But the name is about the only thing that the current Integra and the RSX concept share. You won’t confuse the sporty sedan with this all-electric performance SUV.
Lance Woelfer, vice president of Auto Sales at American Honda Motor Co, commented on the new concept:
“The dramatic styling of our Acura RSX Prototype demonstrates that it’s not just a new EV, but a compelling all-new Acura model. RSX will deliver on nearly four decades of Acura Precision Crafted Performance brand DNA with appealing design and cutting-edge technology.”
Acura took advantage of the freedom given by the new EV platform it’s based on and delivered a vehicle with a sleek yet aggressive design.
Yasutake Tsuchida, Acura Creative Director and vice president of American Honda R&D, said that the design aimed at “excellent aerodynamic” performance:
“The Acura RSX has a sporty coupe style that expresses the performance that comes from excellent aerodynamics. Starting from this all-new RSX we will redefine the Acura brand around timeless beauty and a high-tech feel that is essential for a performance and unique brand.”
For now, the design is the primary information available about the Acura RSX, as the company hasn’t shared specifications yet. I am with Acura at the Monterey Car Week for the next few days, and I’ll do my best to gather more details.
In the meantime, we know that it will be equipped with a potent dual-motor all-wheel drive powertrain, sport-tuned double wishbone front suspension, a low center-of-gravity and Brembo brakes, and Acura is talking about all this being standard in the new RSX.
Acura is also talking about having “the brand’s top-of-class driver assistive technologies.”
With the ability to run various applications on the Acura RSX, similar to operating systems found on smartphones, ASIMO OS will offer a personalized experience that will enhance the joy of driving and the ownership experience. ASIMO OS will utilize OTA updates to bring new customizable features and services to the RSX to enhance the ownership experience.
It will also have machine learning capabilities, enabling it to learn about how you like to use your car and personalize to your specifications.
Last but not least, Acura has already confirmed that the RSX will be capable of bi-directional charging. The details are not available yet, but the automaker is talking about powering devices from the vehicle (V2X) and providing back power to your home (V2H).
The prototype is at Pebble Beach this week if you want to check it out. We certainly will, and we will report back with more.
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A new report claimed that Lucid Motors’ (LCID) new Gravity SUV had just nine registrations in its first six months. Lucid denied the rumors, telling us Gravity deliveries are “well into the 3-digit range.”
Lucid denies rumors of slow Gravity SUV sales
There’s no denying that the Gravity is an impressive electric SUV. It can drive up to 450 miles on a single charge and has more interior space than a Ford Explorer. With up to 828 hp, it’s also faster than most sports cars.
However, a new Automotive News report claimed the Gravity only managed to secure nine registrations in its first six months on the market, citing S&P Global Mobility data.
Nick Twork, Lucid’s head of communications, confirmed in an email to Electrek that the claim is “completely inaccurate.”
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Twork added that “a quick review of social media postings from our customers shows that those numbers are simply not credible.” Although Lucid doesn’t provide a breakdown, Gravity deliveries are “well into the 3-digit range,” he said.
Lucid Gravity Grand Touring (Source: Lucid)
In the second half of the year, Lucid expects the Gravity SUV to account for the majority of production and deliveries.
The EV maker anticipates a significant ramp-up in production during the second half of the year. On the company’s second-quarter earnings call, interim CEO Marc Winterhoff said that after overcoming most of the supply chain issues, including the industry-wide magnet shortage, the company was “beginning to ramp up Lucid Gravity production.”
Lucid Gravity electric SUV at a Tesla Supercharger (Source: Lucid Motors)
Winterhoff added that “our daily order rate has nearly doubled” since introducing Gravity models in its studios and offering test drives.
If it weren’t for Lucid’s quick actions, the company would have had to halt production in the second quarter. Instead, Lucid produced just over 6,000 vehicles in the second quarter.
Lucid Air (left) and Gravity (right) Source: Lucid
During an interview with CNBC the following day, Lucid’s CEO stated that the company now has the raw materials, earth magnets, and licensing for the remainder of the year.
Lucid has reduced its production goal for 2025 from 20,000 to between 18,000 and 20,000 units. The company cited a changing market as the reason for the updated range.
The EV maker also scored a partnership with Uber and Nuro to launch 20,000 Gravity robotaxis over the next six years. Uber is investing $300 million into Lucid as part of the deal.
Meanwhile, Lucid’s Air remained the best-selling luxury electric sedan in the US. The Air outsold the Tesla Model S, Porsche Taycan, and even most gas models in its segment in the first half of 2025.
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Ford’s next “Model T” is a midsize electric pickup that will start at around $30,000. The new model will be the first of a family of affordable electric vehicles based on the new Ford Universal EV Platform. As Ford shifts to lower-cost EVs, a few popular SUVs you may recognize are getting axed.
Ford’s new $30,000 EV pickup will replace gas SUVs
At its Louisville, Kentucky, plant on Monday (see our recap of the event), Ford revealed plans to build a new midsize EV pickup, claiming it will have a lower cost of ownership than a Tesla Model Y.
It will also have more interior space, thanks to its new “Ford Universal EV Platform,” which was also unveiled during the event.
The platform will underpin a series of new affordable electric cars that Ford promises will compete with the best. Ford is set to begin production of the new midsize EV pickup in 2027 at the Louisville Assembly plant, meaning it will need to clear room.
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Ford currently builds the Escape and Lincoln Corsair at the facility, both of which will be retired. The Ford Escape and Lincoln Corsair will officially be discontinued after the 2026 model year.
CEO Jim Farley presents the Ford Universal EV Platform in Kentucky (Source: Ford)
The announcement came as a shock to some, as the Escape is Ford’s second-best-selling SUV, behind the Explorer. It even outsold the Bronco Sport in the first half of the year (82,589 vs 72,438).
The Corsair is the second-best-selling Lincoln brand model through June, behind the Nautilus, with 13,096 units sold.
Ford Universal EV Platform (Source: Ford)
Although production is slated to end later this year, Ford confirmed the SUVs will continue to be sold well into 2026.
Ford has invested around $5 billion in its Louisville Assembly Complex, creating nearly 4,000 jobs, as it prepares for its next generation of electric vehicles. It will begin with Ford’s new midsize EV pickup, which is expected to launch in 2027 with a starting price of around $30,000.