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Tesla Q3 Results Due Today as Delivery Beat Raises Hopes for Upside

Investor focus has shifted to Tesla's autonomy roadmap following a stronger-than-expected delivery tally.

Overview

  • Tesla reports after the close Wednesday, with consensus at $0.56 EPS on about $26.7–$27.3 billion in revenue.
  • The company disclosed 497,099 Q3 deliveries versus roughly 443,000 expected, a beat some analysts say could support revenue upside.
  • Management commentary is expected on robotaxi expansion beyond Austin, Full Self-Driving in China and Europe, the Cybercab planned for next year, and progress on the Optimus robot.
  • Wall Street views remain split, with recent targets ranging from $355 (Cantor) to $600 (Wedbush) even as some firms trim 2025–2026 delivery and revenue forecasts.
  • Near-term watch items include pressure from the lost $7,500 U.S. EV credit, tariffs and Chinese competition, plus a Nov. 6 shareholder vote on Elon Musk’s pay following his purchase of roughly 2.5 million shares.