Tesla posts USD 28.34 billion Q3 consensus: Jefferies targets Tesla stock at USD 400

Published on 10/21/2026 at 11:52 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Tesla stock trades at EUR 338.20 on October 21, 2026. Third-quarter results follow after the US close on October 21, 2026.

Quarterly bar and delivery test

Tesla published a USD 28.34 billion Q3 revenue consensus on October 19, 2026.
Tesla delivered 486,532 vehicles in the third quarter of 2026.
Tesla stock was trading at EUR 338.20 at 11:47 a.m. CEST at Lang & Schwarz on October 21, 2026.

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Tesla (ISIN US88160R1014) published a company-compiled third-quarter 2026 revenue consensus of USD 28.34 billion on October 19, 2026, ahead of its scheduled results. According to Benzinga, Jefferies analyst Philippe Houchois had raised his target from USD 350 to USD 400 on October 12, 2026.

The consensus bar is narrow

The official Tesla consensus puts average third-quarter revenue at USD 28.34 billion and average GAAP earnings per share at USD 0.23, based on 23 analyst inputs on October 19, 2026. The same table gives an average operating margin of 2.5 percent and an average net income attributable to common stockholders of USD 815 million. These are estimates, not reported results.

Electrek reported on October 20, 2026, that Wall Street expected revenue of USD 28.06 billion and non-GAAP earnings per share of USD 0.45 for the quarter. The gap between the official company average and the media estimate is USD 280 million, making revenue mix and pricing important indicators.

What does delivery volume mean for margins?

Tesla delivered 486,532 vehicles in the third quarter of 2026, while production reached 464,391 vehicles, according to Electrek on October 20, 2026. Model 3 and Model Y accounted for 478,237 deliveries, leaving 8,295 units for other models. Higher deliveries therefore need to translate into revenue and profitability, not only volume.

Three dates frame the call

In chronological order, Tesla reported USD 28.24 billion in second-quarter 2026 revenue for the period ending June 30, 2026, and its investor-relations calendar listed the earnings release on July 22, 2026. Tesla published the USD 28.34 billion third-quarter revenue consensus on October 19, 2026. Its third-quarter results are scheduled for October 21, 2026, after the US market close, with the earnings call at 5:30 p.m. ET, as Electrek reported on October 20, 2026.

Price and valuation context

Tesla's primary listing is Nasdaq under ticker TSLA. The company has a market capitalization of USD 1.5 trillion as of October 20, 2026, while its US-listed price was USD 373.71 at the latest finance quote timestamp on that date. Tesla stock was trading at EUR 338.20 at Lang & Schwarz on October 21, 2026 at 11:47 a.m. CEST. The further course of trading is shown by the continuously updated real-time quote of Tesla stock.