Tesla reports 486,532 deliveries: Deutsche Bank targets Tesla stock at USD 420

Published on 10/06/2026 at 13:59 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Tesla's third-quarter deliveries topped 461,974 consensus on October 2, 2026. Tesla stock costs EUR 339.45 on October 6, 2026 versus EUR 337.98.

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Tesla (ISIN US88160R1014) was trading at EUR 339.45 at Lang & Schwarz on October 6, 2026 at 1:50 p.m. CEST, up 0.43 percent versus the prior close of EUR 337.98. The company delivered 486,532 vehicles in the third quarter, while Deutsche Bank kept its Buy rating and USD 420.00 price target after the release.

Deliveries beat the consensus

According to Ground News on October 6, 2026, Tesla's third-quarter deliveries exceeded the 461,974 consensus by 24,558 vehicles, or 5.32 percent. The total also rose from 480,126 vehicles in the second quarter but fell 2.13 percent from 497,099 a year earlier.

Production reached 464,391 vehicles in the third quarter, compared with 451,758 in the second quarter, according to the same delivery report. That 2.80 percent sequential increase gives the headline delivery beat a concrete operating counterpoint, although the year-over-year decline keeps the annual sales trajectory in view.

Analysts still emphasize profitability

finanzen.net reported on October 5, 2026 that Deutsche Bank Research retained Buy and a USD 420.00 target after the delivery figures. The report said Tesla's results exceeded both the bank's estimate and the market expectation, with stronger developments in China and Europe.

JPMorgan offered a more cautious counterweight. According to aktiencheck.de on October 5, 2026, the bank kept a Neutral rating and a USD 415.00 target, citing 13.7 GWh of third-quarter energy-storage deployments versus 13.5 GWh in the second quarter and continued margin pressure.

Next results date is October 21

Tesla's investor-relations calendar lists October 21, 2026 as the earnings date for the third quarter. The timing shifts attention from deliveries to revenue, earnings per share, operating margin and the conversion of higher vehicle volume into profit.

The market capitalization was USD 1.5 trillion as of October 5, 2026. The primary Nasdaq listing stood at USD 378.73 at the latest quoted primary-market timestamp, while its 52-week range was USD 297.38 to USD 498.83, keeping the valuation discussion separate from the euro reference price.

Delivery beat meets a valuation test

Tesla's latest figures show a clear split: vehicle volume exceeded consensus by 24,558 units, yet energy storage and profitability remain central to the investment case. The October 21 results will provide the next dated test of whether the delivery surprise is translating into stronger financial performance.

At Lang & Schwarz, Tesla was trading at EUR 339.45 on October 6, 2026 at 1:50 p.m. CEST, plus 0.43 percent versus the prior close of EUR 337.98. The further course of trading is shown by the continuously updated real-time quote of Tesla stock.