Tesla to Report Q3 Earnings This Week as Shares Double in Six Months

Tesla Inc. (TSLA, Financials) reports third-quarter results, and investors are eager to see if the company can keep up its recent momentum. The stock has doubled over the past six months after stronger deliveries and renewed optimism around Tesla's AI vision.

The company delivered 497,099 vehicles last quarter well ahead of Wall Street's 439,800 forecast easing concerns about softening demand. Still, price cuts and rising competition remain in focus as Tesla tries to defend its margins.

BNP Paribas recently started coverage with a Sell rating and a $307 target, arguing Tesla's trillion-dollar valuation already prices in most of its AI potential. Even so, sentiment on Wall Street remains mixed: 16 Buys, 13 Holds, and 10 Sells, with an average target of $366.

Investors will be watching Elon Musk's comments closely. After such a strong run, Tesla's next moves from new models to AI updates could decide whether the rally continues or cools off heading into 2026.