Tesla (TSLA) shareholders are begging Musk to explain missed goals

Key Points:

• Tesla shareholders are increasingly critical, focusing their Q2 2026 earnings call questions on why the company repeatedly misses short-term targets for robotaxi deployment, Full Self-Driving (FSD), and Optimus development, shifting attention away from Tesla's long-term vision.
• The top two questions, heavily upvoted by a major shareholder controlling millions of shares, are softballs designed to elicit promotional answers, while more pointed questions about missed milestones and hardware limitations rank lower but reflect broader shareholder concerns.
• A key unresolved issue is Tesla’s admission that its Hardware 3 (HW3) system cannot deliver unsupervised FSD, raising questions about compensation or refunds for customers who paid for promised capabilities that have not materialized.
• Shareholders also express anxiety over a potential Tesla merger with SpaceX, fearing dilution of Tesla’s value and seeking assurances that Elon Musk will meet key performance goals before any such deal, especially given the recent $1.25 trillion SpaceX-xAI transaction.
• Despite Tesla’s record Q2 vehicle deliveries, investors remain focused on unmet AI and robotaxi milestones, frustrated by a perceived shift of AI developments to SpaceXAI, and demand greater accountability and transparency from Musk during the upcoming earnings call.