Tesla’s EV enterprise remains to be going sturdy.
Elon Musk’s electrical carmaker introduced on Friday that it offered 486,532 autos within the third quarter, down 2% yr over yr.
The figures got here in properly above Wall Road’s expectations. Tesla shares rose greater than 2% in premarket buying and selling on the information.
Analysts have been anticipating the corporate to ship round 463,761 EVs, in response to a consensus compiled by Bloomberg, whereas Tesla’s personal compilation of analyst forecasts predicted 462,000 deliveries.
Tesla posted record sales in Q3 final yr as patrons rushed to benefit from the $7,500 tax credit for brand new EVs, which expired in September 2025.
Since then, the US EV market has cratered. Gross sales of electrical car fashions in August have been down 47% from 2025, per information from Cox Automotive, and a bunch of automakers have rolled again their EV plans and pulled electric models from the US market.
Tesla has ridden out the EV winter higher than most. The Mannequin Y maker has elevated its share of the US market because the tax credit score went away, and posted a mega sales beat within the second quarter.
The reward for that excellent news was Tesla’s worst inventory value drop in a yr, with traders more and more displaying extra curiosity within the firm’s robotics and autonomous car endeavors.
Tesla started including the Cybercab, a gold-clad robotaxi with out pedals or a steering wheel, to its robotaxi fleet in September, and is gearing as much as start manufacturing of its Optimus humanoid robot earlier than the tip of the yr.
The corporate’s robotaxi community stays restricted to 6 cities in Texas and Florida, lagging rivals Waymo and properly behind the ambitious targets set out by Musk on the finish of final yr.
The comparatively sluggish progress has weighed on Tesla’s share value, which is down greater than 20% because the begin of the yr. Buyers have one eye on rumors of a potential merger with SpaceX, which has eclipsed Tesla’s market cap since its record-breaking public itemizing in June.
Musk and different SpaceX executives have hinted {that a} merger might be on the playing cards, with the billionaire teasing a potential combination when requested in regards to the relationship between the 2 firms in a September interview.
“With all this collaboration, on so many ranges, who can think about what what motion one may take?” Musk mentioned.
