Tesla's FSD subscriptions are surging, Robotaxi is hitting the streets, and Optimus robots are coming off production lines, yet the stock sits 22% in the red for the year.
Tesla shares are surging after the electric vehicle giant's deliveries blew past expectations.
A demand rebound in Europe offset the loss of US tax incentives and stiffer competition in China.
Tesla (TSLA) stock is pushing higher on Friday morning after the electric vehicles (EV) behemoth posted a strong third-quarter delivery report. The company delivered 486,532 vehicles in Q3, handily beating Street estimates of about 461,000 only, even as total volume slipped roughly 2.1% on a year-over-year basis.
Two electric vehicle makers released third-quarter 2026 delivery reports, and the market is sending Tesla (NASDAQ:TSLA | TSLA Price Prediction) and Rivian Automotive (NASDAQ:RIVN) in opposite directions. Tesla stock is up 5% to $372.
Tesla sold more than 480,000 EVs in the third quarter, as the company continues finding ways to move new cars despite its troubles in the U.S. market.
Rivian Automotive (NASDAQ:RIVN | RIVN Price Prediction) delivered 19,248 vehicles in the third quarter of 2026, which ended September 30, and described the result as in line with the company's own outlook.
Tesla delivered much more electric-vehicles in the third quarter of 2026 than Wall Street had expected, sending the shares higher on Friday.
Deliveries declined 2% as the company pivots toward robotaxis and AI.
Tesla reported delivery and production numbers for the third quarter. Wall Street was expecting around 461,100 deliveries, according to a consensus compiled by StreetAccount.
Tesla (NASDAQ: TSLA) securing a new $30 billion credit line in late September was interpreted as a strong bullish sign by StoneX on October 1.
Electric vehicle (EV) makers have had a hard year on Wall Street, and Tesla (NASDAQ:TSLA | TSLA Price Prediction) stock is a clear case in point.