Tesla Q3 Deliveries Beat, But FCF Turns Negative and Cybercab, Cybertruck Lag
TSLA sits 29% above its 52-week low of $297.38.
Summary
Tesla's Q3 deliveries of 486,532 beat estimates by about 5%, but production lagged at 464,391 and energy storage missed forecasts by 19–24%. The Austin Cybercab fleet surged eightfold to ~300 vehicles, yet Cybertruck run rate remains only 11–13% of its 250,000-unit goal. Heavy capex of $5.8B pushed free cash flow to negative $1.1B, and the company plans over $25B in 2026 capex. NHTSA granted a 30-day extension on 21 Cybercab safety questions, with a new deadline of October 30. Q3 results are due after close on October 21, where FSD, robotaxi, and margin details will be scrutinized.
At the time of this announcement, TSLA was trading at $382.80 on NASDAQ in the Technology sector, with a market capitalization of approximately $1.5T. The 52-week trading range was $297.38 to $498.83. This news item was assessed with negative market sentiment and an importance score of 8 out of 10. Source: Wiseek News.