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Tesla Delivers 486,432 Vehicles In Q3, Handily Beating Wall Street Forecasts

Tesla handily beat expectations on deliveries for Q3 this morning, handing the electric vehicle maker a sizable beat against Wall Street forecasts.

The company delivered 486,532 vehicles during the quarter, well above the roughly 461,000 units analysts surveyed by FactSet had been expecting. Tesla’s own compilation of sell-side estimates had put the consensus at 461,974 vehicles, meaning actual deliveries came in roughly 24,500 vehicles, or about 5.3%, above that figure.

Of the 486,532 vehicles delivered, Model 3/Y accounted for 478,237 vehicles.

The better than anticipated result helped Tesla shares rise about 2% Friday morning.

Tesla’s quarterly delivery report remains one of the clearest measures of the health of its core business, even as Elon Musk has increasingly argued that the company’s long-term value will be determined by businesses that have little to do with selling conventional electric vehicles.

Musk has spent much of the past year directing investor attention toward autonomous driving, artificial intelligence and Tesla's Optimus humanoid robot. He has repeatedly described Tesla as an AI and robotics company rather than simply an automaker, while arguing that autonomous vehicles and Optimus could eventually become much larger businesses than vehicle sales.

Musk has also continued to emphasize Tesla’s planned Cybercab network and the expansion of its autonomous driving technology as central pieces of the company’s future.

For the time being, however, automobiles remain Tesla’s primary source of revenue and cash flow. That makes quarterly deliveries an important indicator of consumer demand, pricing conditions and utilization at the company’s factories in the United States, China and Germany. 

The result also arrives as Musk continues to divide his attention among several companies. His other major venture, SpaceX, recently recorded an important success with Starship's first orbital flight, moving the company closer to commercialization. 

Tyler Durden Fri, 10/02/2026 - 09:35

Caitlin Clark made sure the referee saw her bloody tooth after she caught an elbow to the face and no foul was called Thursday night.

Worth every penny. And nickel. And dime and quarter, too.

Trump Admits Diesel US Export Ban Could Raise Gasoline Prices

Authored by Tsvetana Paraskova via OilPrice.com,

A potential ban on U.S. diesel exports could have "a negative impact on gasoline," U.S. President Donald Trump said late on Wednesday, although he didn't rule out such a move from the Administration.

The President told reporters in the Oval Office that he and the Administration continue to discuss the pros and cons of a diesel export ban every day, "but it just seems that it would have a negative impact on gasoline."

Earlier this week, Goldman Sachs analysts also warned that a U.S. diesel export ban would push domestic gasoline prices higher as refiners could be forced to reduce processing rates.

President Trump on Wednesday appeared to be less inclined to ban diesel exports than a few days ago, but he has not yet ruled out the idea that emerged last month as retail diesel prices in the United States hit $6 per gallon nationwide average for the first time ever, and then $6.50 a gallon.

As a result of the jump in crude oil prices and a worsening global crunch for fuels, U.S. gasoline prices are also at a record high level for this time of year, even as demand is easing after the end of the peak driving season. At an average nationwide price of $4.43 per gallon, the price of regular gasoline is higher than the $4.08 from a month ago and way higher than $3.15 per gallon on this day in 2025.

Diesel prices have hit record highs in many economies amid refinery constraints in the Middle East and Russia, which refineries elsewhere cannot offset even if they run at maximum utilization rates, as is the case in the United States.

Refinery capacity is constrained in the Middle East due to Iranian strikes on refineries and the trickle of fuel flows through the Strait of Hormuz. Then there is also severely restricted capacity in Russia due to Ukrainian drone strikes at Russian refineries. Russia has just extended its ban on diesel exports through October 31.

Tyler Durden Fri, 10/02/2026 - 09:10

A 4-year-old Texas girl's mother allegedly shot her before trying to take her own life just hours after a judge ordered her placed in the custody of her father, the family revealed in a statement put out through a lawyer.

Officials are urging Californians to take the heat seriously.

"There are some really beautiful scenes in Episode 10 that honor Mae," Reynolds shared.

837 Muskingum Ave. is one of 14 dwellings that Alison White, of Alison White Homes, is currently developing in the Palisades.

David Boreanaz shared his "deepest condolences" to Chad Lowe and his wife after their teen daughter died by suicide.

David Boreanaz shared his "deepest condolences" to Chad Lowe and his wife after their teen daughter died by suicide.

'Massive Short Squeeze': Yields, Rate-Hike Odds Plummet After Piss-Poor Payrolls Print

With nonfarm payrolls printing below even the weakest analyst's forecast, the market's reaction has been uniformly dovish with rate-hike odds plummeting, treasury yields tumbling, stocks soaring, dollar down and gold and crypto higher.

The biggest impact of the piss-poor payrolls print was the market basically pricing out a hike in October...

With less than one total hike (22.5bps) now priced in for 2026 (and only 2 more hikes in 2027)...

Yields are all down, led by the short-end...

Which makes sense given that heading into the print (as we previewed perfectly), Goldman's Brian Garrett says the bank's CTA model shows managers "extremely short global bonds (~$390bn notional)."

US 10Ys are at 99% of max short and 30Ys at 100%.

With systematic funds that short, a weak print, or even a 4.2% unemployment rate, could set off a massive short squeeze in bonds. 

Stocks spiked on the report, led by the most rate-sensitive names (Small Caps) and longest duration tech names...

And gold is rising (as the dollar dips)...

Tom Simons, chief US economist at Jefferies, said this payroll number “should be the nail in the coffin” for an October hike.

“We had been expecting that they would continue with successive 25 bp moves, but it now looks more likely that the policymakers emphasizing that they have some more time before another hike is needed will remain patient.”

With these revisions, employment in July and August combined is 60,000 lower than previously.

Makes you wonder if Warsh would have hiked at all if he had accurate data.

Finally, Christopher Hodge at Natixis doesn’t think these numbers move the Fed debate by a lot:

"This data won’t shift the broader decision making calculus for the Fed as inflation remains the supreme concern, but with wages lower and the jobs picture a bit less rosy, it certainly decreases the urgency to hike in October."

But with Jefferson and WIlliams already in the dovish/hold/wait-and-see camp, and the proximity to the Midterms, it seems October's hike is well and trul off the table (after topping 75% odds just a week or so ago).

Tyler Durden Fri, 10/02/2026 - 08:53

When you've waited 32 years for your one epic career moment, you let it all out — censors be damned.

Investors are largely expecting the Fed to hold interest rates steady at its meeting this month.

Donnie Baseball did an excellent job in Philadelphia to save the Phillies' season this year – and now he’s being shown the door. 

Wall Street is the ultimate nonpartisan animal when it comes to making money, and the shorts are making their moves.

The insane money grab that has perverted college sports now for nearly a decade needs fixing.

Blanchard's on-again, off-again fiancé was found dead in his Louisiana home on what would have been his 34th birthday Thursday.

Blanchard's on-again, off-again fiancé was found dead in his Louisiana home on what would have been his 34th birthday Thursday.

As classy as War looks, it’s certain to become very, very — very! — messy.      

Get ready to deck the halls, and look good doing it.