Tesla and Rivian beat Q3 forecasts, shares rise

6.6 Investments

Oct 2, 2026

Tesla beat Q3 delivery forecasts with 486,532 vehicles, boosting shares 4%. Rivian delivered 19,248 vehicles, up 46% YoY, driven by R2 SUV demand, and reaffirmed its 2026 target of 65,000–70,000 units.

Tesla delivered 486,532 vehicles in Q3 2026, surpassing analyst forecasts by about 24,600 units and exceeding Wall Street’s consensus of 461,000. This represented a 1% increase from the previous quarter, but a 2% decrease year-over-year from 497,099 vehicles in Q3 2025, when deliveries were boosted by a now-expired federal tax credit. Model 3 and Model Y made up 98% of Tesla’s deliveries. Following the report, Tesla’s stock rose by approximately 4%. The company also secured $30 billion in new credit facilities and plans to increase capital expenditures to $25 billion in 2026. Meanwhile, Rivian delivered 19,248 vehicles in Q3, marking a 46% year-over-year increase and beating analyst expectations of 18,001 units. Rivian’s growth was driven by strong demand for its more affordable R2 SUV. The company reaffirmed its 2026 delivery target of 65,000 to 70,000 vehicles, needing at least 23,193 deliveries in Q4 to meet this goal.