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Tesla reports quarterly production and delivery figures to provide transparency on operational performance.
Tesla just reported vehicle deliveries and production for the third quarter.
Here are the key numbers:
Total Q3 vehicle deliveries: 486,532
Total Q3 vehicle production: 464,391
Deliveries fell about 2% from 497,099 a year earlier, but climbed from the second quarter, when Tesla recorded 480,126 deliveries.
Analysts were expecting around 461,100 deliveries, according to StreetAccount's consensus. Tesla's company-compiled consensus, published Tuesday, was for 461,974 deliveries.

The G7 countries have agreed to release up to 100 million barrels of diesel and crude oil through the IEA to ease strained energy markets. The measure will take place over four months with an early release of diesel in the first 20 days. The background is high fuel prices due to the Iran war and pressure from the USA on European partners to release their reserves.

Tesla shares climbed 5% on Friday after reporting Q3 vehicle deliveries of 486,532, exceeding analyst expectations of around 461,100. Deliveries fell 2% year-over-year but rose from Q2. The company cited strong demand for Model 3 and Model Y, which made up 98% of deliveries, and noted growing competition from Chinese EV makers. Tesla also reported deploying 13.7 GWh of energy storage products during the quarter and will report earnings on Oct. 21.

The dealer holding "SP Business Car", controlled by Toyota, filed a lawsuit in the Moscow Arbitration Court against Toyota Tsusho Corporation and Toyota Tsuse Rus demanding to stop interfering with the supply of Toyota and Lexus cars and auto components to Russia, as well as to recover 375 million rubles for damages and recognition of the debt as terminated.

Paramount CEO David Ellison announced that Paramount and Warner Bros. Discovery will operate under the Skydance name following their $110 billion merger, expected to close October 6. The deal combines major studios, streaming services, cable networks, and franchises including 'The Lord of the Rings,' 'Game of Thrones,' DC Universe, and 'Yellowstone,' after overcoming legal challenges from twelve states.

Diesel prices in the UK have risen above £2 per litre for the first time, reaching an average of 200.01p according to the RAC, while petrol averages 174.71p. The G7 nations agreed to release 100 million barrels of oil, including a frontloaded diesel release, to counter price spikes and prevent export restrictions, amid concerns over market volatility and US threats to ban diesel exports.

The Galeria department store chain has filed for bankruptcy again. Despite previous financial injections and changes in ownership, there is still no viable future concept. 12,000 jobs are at risk as experts warn of impending system failure.