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Tesla beats Q3 delivery estimates with 486,532 vehicles, but Q4 growth may be limited by production capacity.

Company Fundamentals
09 Oct 2026
Seeking Alpha
View Source
Bullish
Tesla beats Q3 delivery estimates with 486,532 vehicles, but Q4 growth may be limited by production capacity.

Tesla delivered 486,532 vehicles in Q3, exceeding Wall Street expectations by about 25,000 units, which boosted its stock price by around 4.6%. Despite strong Megapack sales and a solid customer pipeline supporting a "Buy" rating, Tesla faces challenges such as high capital expenditures projected to exceed $25 billion in 2026 and pressure on automotive gross margins. While Q3 deliveries cleared excess inventory, Q4 deliveries are expected to align closely with production capacity, limiting further upside from inventory reductions. Investors should watch for margin trends and the company's reliance on interest income over operating profit as potential risks.

Tesla shares on Pluang are trading at USD 380.00 as of Oct 09, 2026 19:41 WIB, showing a modest 1.33% gain in the past day. The stock’s market capitalization stands at $1.48 trillion, reflecting its significant scale despite challenges ahead. Pluang data also shows a high sell order activity at 84%, indicating cautious sentiment among investors.

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