Tesla Posts Delivery Beat, Gives No Update on AI Projects, Truist Says

02:57 PM EDT, 10/02/2026 (MT Newswires) -- Tesla (TSLA) delivered higher-than-expected Q3 auto deliveries, but offered no updates on its AI projects like Full Self-Driving and Optimus projects, Truist Securities said in a note Friday. Tesla delivered 486,532 units in Q3, 6% above consensus, the note said. It said energy storage deployments missed consensus. "We view AI developments as far more important than auto deliveries for TSLA's long-term cash generation and stock performance," the report said. Truist kept its hold rating with a price target of $370. Price: 371.38, Change: +17.27, Percent Change: +4.88