Tesla Hikes Model Y Prices Amid SpaceX IPO Pressure

Tesla shares face ongoing pressure from the impending SpaceX IPO by June 12, yet the company raised Model Y prices on May 16, lifting the premium AWD variant to $49,990 and supporting near-term margins. This follows strong Q1 2026 results showing revenue of $22.39 billion (+16% YoY) and non-GAAP EPS of $0.41 (+52% YoY), which drove shares up 11.8% since the earnings report. Production of the Model S and Model X ended after delivering an 18,476% gain since 2012, while cash reserves of $44.74 billion fund $25 billion in future capex for robotaxi and AI initiatives.