Seeking Alpha
05 Oct 2026, 21:42 UTC · 1h ago
Tesla Is The EV King, Again
Impact · against what's priced in
The 3Q26 vehicle delivery beat provides a moderate catalyst by challenging the assumption of a contracting automotive business, though this is partially offset by weakness in energy storage. The stock remains highly sensitive to its valuation multiple, but the recovery in European demand improves the near-term fundamental outlook.
- TSLA+0.40
Challenges what's priced in
- The price assumes
The current, contracting automotive business, which delivers 73% of revenue but is shrinking at 9.8% annually.
The delivery of 486,532 vehicles in 3Q26 decisively beat consensus and signals a recovery in European demand, contradicting the assumption that the core automotive business is shrinking.
What TSLA's price assumes · Aug 25
