Tesla shares traded around $379–380 on October 5, 2026, up roughly 2.4% intraday after Friday’s better-than-expected Q3 deliveries of 486,532 vehicles, which topped consensus estimates near 462,000 and marked a modest sequential gain. The beat eased near-term demand concerns and supported a rebound from year-to-date losses of about 17%, though energy storage deployments missed forecasts and gross margins remain under pressure from pricing and higher spending. Traders are now focused on the October 21 earnings release for clarity on profitability, free-cash-flow trends, and updates on autonomy and robotaxi initiatives, while consensus price targets sit near $400 amid elevated valuation multiples.