Tesla Stock News

Tesla Inc (NASDAQ:TSLA) delivered 487,000 vehicles in the third quarter, beating consensus estimates by 5% and extending the rebound in vehicle deliveries, according to UBS Securities. The electric vehicle maker's deliveries rose 1% from the previous quarter but fell 2% year on year, with Model 3 and Model Y deliveries increasing 2% quarter on quarter and declining 1% year on year.

SpaceX shares SPCX rose about 4% on Monday after Morgan Stanley reiterated an overweight rating on the rocket and satellite company and described the stock as an unusually cheap way to gain exposure to the growing space and artificial intelligence economy. The brokerage maintained a $300 price target, implying an 88.7% upside from Friday's close.

Taiwan Semiconductor Manufacturing Co (ADR) (NYSE:TSM), the world's largest contract chipmaker, is in talks with Elon Musk about building and running a factory that would serve only Tesla Inc (NASDAQ:TSLA), SpaceX Corp (NASDAQ:SPCX) and xAI for his Terafab chipmaking initiative. Over the weekend, Musk confirmed on X that discussions were taking place but did not elaborate.

Tesla CEO Elon Musk said one problem for robotaxis at night has whiskers and a tail. "Literally trying to avoid grey kittens on grey tarmac in the dark," he said.

A month after the Cybercab launched in Austin, Texas, Tesla has 169 of the driverless cars authorized for commercial use in the state. Investors are counting on Tesla growing its Robotaxi and Cybercab business as the core automotive unit faces heightened competition from Chinese EV makers.

Hyundai is planning scores of new human-driven cars while Tesla is turning away from the steering wheel.

Tesla Inc (NASDAQ:TSLA) shares rose 5% after the automaker reported 486,532 vehicle deliveries for the third quarter of 2026, exceeding production of 464,391 vehicles. Model 3/Y accounted for most of the vehicle totals, recording 478,237 deliveries against production of 457,387.

Tesla shares are surging after the electric vehicle giant's deliveries blew past expectations.