Tesla Delivers Record Q3 Sales Amid Weak Jobs Report and Crude Price Slump

Tesla announced its third-quarter vehicle deliveries totaled 486,532 units, surpassing Wall Street consensus estimates of approximately 456,900 deliveries.

The electric vehicle maker had faced headwinds in European markets throughout much of the previous year, but improving demand contributed substantially to the beat.

The disappointing September jobs report pushed the Nasdaq Composite to an all-time high, with chip manufacturers rallying strongly and Bitcoin advancing as market participants rotated back toward higher-risk assets.