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Tesla beats Q3 delivery estimates, driven by Europe demand rebound despite US tax loss.

Company Fundamentals
02 Oct 2026
New York Post
View Source
Bullish
Tesla beats Q3 delivery estimates, driven by Europe demand rebound despite US tax loss.

Tesla delivered 486,532 vehicles in Q3, surpassing Wall Street estimates of 456,896, helped by strong demand in Europe that offset challenges from lost US tax incentives and tougher competition in China. This marks a potential stabilization after two years of declining annual sales. Investors remain focused on CEO Elon Musk's long-term ambitions in AI and robotaxis, although vehicle sales remain Tesla's main revenue source. Analysts have raised full-year delivery forecasts, expecting 1.82 million vehicles in 2026, supported by growing European sales and expansion of Tesla's Full Self-Driving software and robotaxi services.

Tesla's recent sales beat has sparked renewed interest in the stock, which is up 4.63% on Pluang as of Oct 02, 2026 22:12 WIB. The shares trade at USD 370.51 with a market cap of $1.40 trillion, showing solid investor engagement despite a typical hold time of 87 days and a higher sell order activity at 65%. This trading pattern highlights ongoing market attention to Tesla's evolving business beyond just vehicle deliveries.

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Tesla beats Q3 delivery estimates with strong European sales, shares rise despite yearly decline.

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Tesla delivered 486,532 vehicles in Q3, surpassing analyst estimates of 456,896, driven by a strong recovery in European sales that offset weaker demand in the U.S. and China. This performance suggests Tesla's core car business may be stabilizing aft...

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