Tesla says battery supply, not demand, is what’s holding back its car sales. In its Q3 2026 shareholder letter, the automaker wrote that “battery availability continued to be the limiting factor in increasing auto volumes in the quarter.”

It also claims it ended Q3 with “the largest backlog for our passenger vehicles in four years.” But the numbers in the same letter don’t line up with a company that has more buyers than cars.

Tesla reports its third-quarter 2026 financial results tomorrow, October 21, after the market closes. The earnings call follows at 5:30 p.m. ET.

Wall Street expects revenue to come in flat and earnings per share to drop 10% from a year ago, even though Tesla just beat its own delivery consensus by more than 24,000 vehicles.

Tesla delivered just 8,295 “Other Models” in Q3 2026, down 48% from a year ago and the lowest total for the category since 2021. With the Model S and Model X out of production, almost all of them were Cybertrucks.

That gives us the cleanest look yet at Cybertruck sales. We estimate Tesla delivered 7,000 to 8,000 of the trucks last quarter, a pace of about 30,000 a year from a line it planned for 250,000.

Tesla (TSLA) delivered 486,532 vehicles in the third quarter of 2026, down 2.1% from the record 497,099 it delivered in the same quarter last year.

That’s still about 25,000 more than Wall Street expected, with the consensus at 461,974 deliveries. Tesla also delivered about 22,000 more vehicles than it built.

Wall Street can’t agree on how many cars Tesla (TSLA) sold in Q3 2026. Estimates from major banks range from 421,758 to 482,000 deliveries ahead of Friday’s report.

That’s a 60,000-unit spread. And after the Street missed Tesla’s Q2 deliveries by 74,000 units, nobody has much credibility on this one.

Tesla has built its 10 millionth vehicle, the company announced this week. Ten million all-electric cars is a real milestone, and no other automaker has done it.

But it’s arriving later than Tesla once promised, and the company is now building well under the capacity it already has.

Tesla (TSLA) released its financial results and shareholders’ letter for the second quarter (Q2) 2026 after market close today. We are updating this post with all the details from the financial results, shareholders’ letter, and the conference call later tonight.

The earnings call with management is scheduled for 5:30 p.m. ET.

Tesla reports its second-quarter 2026 financial results tomorrow, July 22, after the market closes, with the earnings call to follow at 5:30 p.m. ET.

The setup is different this time. Tesla just posted its best-ever second quarter on deliveries, so now Wall Street wants to know whether all those cars actually made money.