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Tesla Q3 vehicle deliveries beat estimates, but energy storage deployments fall short.

Company Fundamentals
05 Oct 2026
Proactive Investors
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Neutral
Tesla Q3 vehicle deliveries beat estimates, but energy storage deployments fall short.

Tesla delivered 487,000 vehicles in Q3, surpassing consensus estimates by 5% and showing a slight quarterly increase despite a 2% year-on-year decline. Model 3 and Model Y deliveries rose 2% quarter-on-quarter but dropped 1% year-on-year. Production increased 3% from the previous quarter but remained below deliveries, reducing inventory days. However, energy storage deployments reached only 13.7 gigawatt-hours, missing the 15.9 gigawatt-hours consensus and potentially impacting earnings slightly. UBS maintains a neutral rating with a $385 price target, noting mixed results with strong vehicle deliveries but weaker energy storage performance.

Tesla's market cap stands at $1.46 trillion as of Oct 06, 2026 00:51 WIB, reflecting its significant scale in the consumer cyclical sector. On Pluang, Tesla shares are trading at USD 379.66 with a 1-day gain of 2.45%, supported by strong vehicle delivery numbers despite mixed results in energy storage deployments. Trading volume is robust at over 55 million shares, indicating active investor interest around this earnings period.

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