- Tesla delivered 486,532 vehicles in Q3, comfortably ahead of the roughly 462,000 Wall Street expected, and its second-highest quarterly total on record.
- Deliveries were still down about 2% from the same period last year, per Investing.com.
- Europe drove the rebound, with registrations up around 62% in France, 38% in Sweden and 25% in Spain last month.
- Investing.com reports shares jumped almost 5% on the delivery day, while The Motley Fool reports shares have barely budged since the report.
- The expired U.S. EV tax credit pulled sales forward, so Q4 demand without that boost is the next test.
- TSLA trades at more than 170 times next year's projected profit of $2.15 per share, pricing in robotaxi and Optimus optionality.
Quotes
“comfortably ahead of the roughly 462,000 Wall Street had expected”
“the market no longer cares much about the company's EV business”