Tesla stock gained 4.7% before October 21 earnings

Published on 10/04/2026 at 13:17 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Tesla stock heads into October 21 earnings after Q3 deliveries reached 486,532 on October 2. Q2 revenue reached USD 28.24 billion, up 25.5 percent year over year.

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Tesla stock (ISIN US88160R1014) was last at USD 370.59 on Nasdaq on October 2, 2026, up 4.65 percent from USD 354.11. The move followed quarterly deliveries of 486,532 vehicles, while Tesla's next financial report is scheduled for October 21.

Deliveries beat the company consensus

According to Tesla in its October 2, 2026 release, third-quarter production reached 464,391 vehicles, while deliveries came to 486,532 and energy-storage deployments totaled 13.7 GWh. Deliveries were 5.3 percent above the company-compiled Q3 consensus of 461,974 published in Tesla's September 29 update.

The delivery figure still fell 2.1 percent from 497,099 vehicles in Q3 2025, but it increased 1.3 percent from 480,126 in Q2 2026. Model 3 and Model Y deliveries accounted for 478,237 vehicles, or 98.3 percent of the quarterly total.

Revenue remains the next test

CNBC reported on October 2, 2026, that the delivery result exceeded the company-compiled estimate and that Tesla's stock gained 5 percent during the session. The same report noted that the year-over-year decline keeps vehicle demand and execution central to the earnings debate.

For the second quarter of 2026, Tesla reported revenue of USD 28.24 billion, up 25.5 percent year over year, while diluted earnings per share came to USD 0.33 against a USD 0.50 consensus estimate, according to MarketBeat in its October 2, 2026 market report. That contrast leaves the October revenue, margin and cash-flow release as the next major test for the delivery recovery.

Analysts see limited upside

The consensus 12-month price target is USD 395.57 from 26 firms, with 12 Buy ratings, 11 Hold ratings and 3 Sell ratings, according to Gekko. The target stands 6.7 percent above the October 2 price, so the consensus points to a measured gap rather than a broad-based revaluation.

October earnings date is set

Tesla's investor-relations calendar lists October 21, 2026 for the third-quarter financial results. The company plans to publish the figures after the market close, giving investors a dated checkpoint for whether stronger deliveries translate into revenue and profitability.