Tesla (TSLA) Price on Solana

Tesla's Cybercab has been running for a month in Austin, and the fleet is growing fast while the service is still rough. CNBC reports that Tesla was authorized to run 45 Cybercabs commercially in Texas when service started on September 3. By October 3 that number was 169, nearly four times as many. Tesla also runs 420 Model Y vehicles with automated driving systems in the state. Early riders reported waits of 45 minutes or more at first, though these got shorter by late September. They also reported wrong pickup and drop-off locations, and trouble with the butterfly doors and the trunk.

Expanding beyond Austin, still the only Cybercab market, depends on more than adding cars. The National Highway Traffic Safety Administration opened a safety audit of the vehicle, which has no steering wheel or pedals. Tesla got an extension past its original September 30 deadline to respond. Austin Fire Captain Matt McElearney has also called for state or national rules requiring vehicles like this to give first responders a way to take control. Tesla's next targets are San Antonio, Dallas, Nevada and Florida. The scale of the gap shows in the competition: according to CNBC, Waymo has 1,154 authorized vehicles in Texas and more than 4,000 across 15 markets nationally.

Tesla delivered 486,532 vehicles in the third quarter of 2026, according to its October 2 report, clearing the company-compiled analyst consensus of 461,974 by roughly 24,500 vehicles. The figure was still down from 497,099 deliveries in the same quarter of 2025, so the beat came against lowered expectations rather than a return to year-over-year growth.

TSLA shares rose about 5% to $372.64 on the day, 24/7 Wall St. reported. Rivian, which reported deliveries in line with its guidance, fell about 3%. Tesla's full third-quarter financial results will show whether the higher volume came through in revenue and margins.

Deutsche Bank kept its buy rating on Tesla on September 25, according to CNBC's roundup of Friday's biggest analyst calls. The roundup does not mention any change to the firm's price target. The bank acknowledged that Tesla's third-quarter deliveries are coming in below expectations, but argued that the weak quarter alone is unlikely to push the stock far out of its recent range.

"Tesla stock continues to face many cross currents," Deutsche Bank wrote. "While 3Q deliveries are tracking softer than expected, we would not expect the stock to move too much outside the extremes." The note comes before Tesla publishes its official third-quarter delivery figures.

Tesla opened its dedicated heavy-duty Semi factory in Sparks, Nevada on September 24 and began customer deliveries from the site. The 1.8-million-square-foot plant is designed to build 50,000 trucks a year, about 1,000 a week. CNBC reported that Tesla expects to add more than 3,000 jobs in Nevada as output ramps, with high-volume production targeted for next year. One line builds Standard, Long Range and European-spec versions. The trucks use Tesla's redesigned 4680 battery cells, and Tesla quotes a range of up to 500 miles.

The opening is Tesla's biggest step yet in turning the Semi into a volume business. Elon Musk unveiled the truck in 2017 and said production would start in 2019. Tesla then sold only small numbers from 2022, starting with anchor customer PepsiCo. Trucks carrying the logos of PepsiCo, DHL, US Foods and Einride were on show at the launch. Einride has agreed to buy 500 Semis, and industry group ZET SCALE named Tesla its main manufacturer for an initial order of 2,500 trucks. Tesla also says a version of its self-driving software is coming to the Semi. The 50,000 figure is planned capacity, and Tesla has not said how many trucks the plant is building now.

Tesla plans to unveil the new Roadster on October 1. The car is likely to be the most expensive model Tesla has sold, judging by the $50,000 deposit it takes to join the order list. CNBC's Options Action trader Mike Khouw says TSLA options have not priced in much excitement around the event. One-month implied volatility sits around the 36th percentile, below its average, even though a product catalyst is days away and October has historically been a more volatile month than most.

With the Roadster order book open again and one-month premiums near the low end of their range, Khouw argues the setup favors a move back above the levels TSLA held before the Cybercab rollout, with the loss capped if the Roadster also leaves investors underwhelmed. His trade is a 380/440 call spread expiring October 30, which cuts premium cost compared with buying calls outright. That expiry covers three Tesla catalysts: the Roadster reveal, the quarterly delivery report and the next earnings release.

The Lamar Consolidated Independent School District board in Fort Bend County, Texas, unanimously approved a 50% property tax reduction for Tesla's planned $10 billion solar manufacturing facility, dubbed "Project Crystal Sun." The incentive applies from 2029 through 2038, cutting Tesla's tax bill in half over a decade. Elon Musk has targeted 100 gigawatts of annual domestic solar production capacity from the factory, estimating the ramp will take roughly three years. Tesla's energy segment already accounted for 13% of company revenue in 2025, up from 10% the prior year.

The solar expansion has indirect implications for Tesla's autonomous vehicle ambitions. A larger domestic energy infrastructure reduces grid constraints that would otherwise limit large-scale charging for a future fleet of robotaxis, creating a supply-chain link between Tesla's energy and transportation divisions.

Tesla has registered a new subsidiary, Tesla Motors Vietnam Ltd, in Ho Chi Minh City, according to local business registration records. The entity is licensed for vehicle export, import, and wholesale distribution, along with the wholesale of auto parts, machinery, and equipment — signaling a formal commercial foothold in Southeast Asia's second-largest economy.

Tesla has not announced an operational launch date or dealer network plans. The move places the company in direct competition with VinFast, Vietnam's domestic EV manufacturer, which responded to anticipated Tesla pricing with promotional activity. Vietnam rounds out an Asia-Pacific footprint that already includes manufacturing in China and sales operations in South Korea, Malaysia, Thailand, Japan, Singapore, and the Philippines.

Morgan Stanley analyst Andrew Percoco raised his bull-case price target on Tesla (TSLA) to $840 from $820, citing the company's long-term potential in recurring software revenue from autonomous vehicles. The scenario projects more than 80,000 autonomous Tesla Semi trucks operating by 2040, each generating roughly $18,000 per month in full self-driving (FSD) fees — a pool that could exceed $17 billion in annual high-margin revenue. Morgan Stanley maintains an equal-weight rating on the stock, and the $840 figure represents the upside scenario rather than the firm's base-case target of $400.

With Tesla trading near $357 and at roughly 200 times estimated 2026 earnings, Percoco's note underscores that the current valuation is difficult to justify on vehicle sales alone. The bull case depends on Tesla successfully commercializing robotaxis, Cybercabs, and the Optimus humanoid robot program — businesses that remain in early or pre-revenue stages. Investors who do not assign significant value to those future revenue streams have limited fundamental justification for the stock at current prices, according to the analyst.