◆ NeutralTSLA
Tesla Is on Pace for Its First Annual Delivery Increase Since 2023. Is the Stock a Buy?
The Motley Fool·
Tesla delivered 486,532 vehicles in Q3 2026, putting it on pace for its first annual delivery increase since 2023 with ~1.79 million vehicles expected for the year. However, despite the delivery recovery, the stock trades at 165x forward earnings, which the analyst argues is too expensive for a car business merely returning to 2024 levels without corresponding profit growth. The valuation appears to price in Tesla's autonomous driving ambitions rather than near-term delivery growth.
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