Tesla Q3 Deliveries Beat by 24K; Capex Tops $25B, $43.5B Cash
TSLA sits 26% above its 52-week low of $297.38.
Summary
Tesla delivered 486,532 vehicles in Q3, about 24,000 above estimates and its second-highest quarterly total. The company also disclosed 2026 capex above $25B, with $8.28B spent in H1 implying roughly $16.7B more in H2 for auto and AI projects. Cash and short-term investments stood at $43.5B at end of June, and on Sept 29 Tesla arranged $30B in credit lines including a $20B three-year term loan, unused so far. The delivery beat and liquidity disclosures follow a Q2 marked by negative free cash flow and a 15% share drop. Additional disclosures include $318M Q2 revenue from Megapack sales to SpaceX, a $2B minority investment in SpaceX with merger talks ongoing, and plans for Tesla and SpaceX to build and run the Terafab Texas AI chip fab. Slovakia is likely to approve Full Self-Driving within days, making it the ninth EU country to authorize FSD. Tesla added 150 Cybercabs in Texas, raising the state total to 319 ahead of an October 30 NHTSA safety-certification Q&A deadline for the pedal-free Cybercab.
At the time of this announcement, TSLA was trading at $375.05 on NASDAQ in the Energy & Transportation 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 positive market sentiment and an importance score of 8 out of 10. Source: Wiseek News.