--- title: "Why Is Tesla (TSLA) Stock Trending Pre-Market?" type: "News" locale: "en" url: "https://longbridge.com/en/news/302698549.md" description: "Tesla (TSLA) shares fell 4.86% in pre-market trading despite beating Q3 earnings estimates, as revenue of $28.05 billion and EPS of 48 cents exceeded forecasts. However, automotive revenue dropped 3%, and vehicle deliveries declined 2% year-over-year to 486,532 units. The company reported its largest passenger vehicle backlog in four years, while CEO Elon Musk noted a tenfold growth in the Austin Cybercab fleet amid regulatory safety audits." datetime: "2026-10-22T10:16:21.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/302698549.md) - [en](https://longbridge.com/en/news/302698549.md) - [zh-HK](https://longbridge.com/zh-HK/news/302698549.md) generator: "portal-rs" --- # Why Is Tesla (TSLA) Stock Trending Pre-Market? **Tesla Inc.** (NASDAQ:TSLA) shares are trending on Thursday. Shares of the Austin-based electric vehicle giant fell 4.86% to $367.70 in pre-market trading after the company reported third-quarter results. ## **Tesla Q3 Earnings Beat Estimates** Tesla reported revenue of $28.05 billion, flat year over year and slightly above the analyst estimate. Earnings per share came in at 48 cents, surpassing the 43-cent estimate. Automotive revenue fell 3% to $20.56 billion. Deliveries totaled 486,532, down 2% from a year earlier. Tesla said it ended the quarter with “the largest backlog for our passenger vehicles in four years.” **Read Also: AEVEX Stock Is Trending After Hours As Defense Contractor Disputes Reports of Navy Order Halt** The move also comes as CEO **Elon Musk** said on the earnings call that the Austin Cybercab fleet has grown tenfold in a month. Federal regulators have opened an audit query into Cybercab’s safety self-certification. ## Trading Metrics, Technical Analysis Tesla has a market capitalization of $1.53 trillion, a 52-week high of $498.82 and a 52-week low of $297.38. The Relative Strength Index (RSI) of TSLA stands at 59.77. The automotive stock has fallen roughly 12% over the past 12 months. **Price Action:** On Wednesday, the stock closed at $386.47, up 3.41%, according to Benzinga Pro data. **See More: Top Value Stocks** ***Disclaimer:*** *This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.* *Photo courtesy: Shutterstock* ### Related Stocks - [TSLA.US](https://longbridge.com/en/quote/TSLA.US.md) - [CRSH.US](https://longbridge.com/en/quote/CRSH.US.md) - [TESC.US](https://longbridge.com/en/quote/TESC.US.md) - [TESL.US](https://longbridge.com/en/quote/TESL.US.md) - [TEST.US](https://longbridge.com/en/quote/TEST.US.md) - [TLA.US](https://longbridge.com/en/quote/TLA.US.md) - [TSDD.US](https://longbridge.com/en/quote/TSDD.US.md) - [TSIB.US](https://longbridge.com/en/quote/TSIB.US.md) - [TSII.US](https://longbridge.com/en/quote/TSII.US.md) - [TSLG.US](https://longbridge.com/en/quote/TSLG.US.md) - [TSLI.US](https://longbridge.com/en/quote/TSLI.US.md) - [TSLL.US](https://longbridge.com/en/quote/TSLL.US.md) - [TSLO.US](https://longbridge.com/en/quote/TSLO.US.md) - [TSLP.US](https://longbridge.com/en/quote/TSLP.US.md) - [TSLQ.US](https://longbridge.com/en/quote/TSLQ.US.md) - [TSLR.US](https://longbridge.com/en/quote/TSLR.US.md) - [TSLS.US](https://longbridge.com/en/quote/TSLS.US.md) - [TSLT.US](https://longbridge.com/en/quote/TSLT.US.md) - [TSLV.US](https://longbridge.com/en/quote/TSLV.US.md) - [TSLW.US](https://longbridge.com/en/quote/TSLW.US.md) - [TSLY.US](https://longbridge.com/en/quote/TSLY.US.md) - [TSLZ.US](https://longbridge.com/en/quote/TSLZ.US.md) - [TSW.US](https://longbridge.com/en/quote/TSW.US.md) - [TSYY.US](https://longbridge.com/en/quote/TSYY.US.md) - [TYYY.US](https://longbridge.com/en/quote/TYYY.US.md) - [07766.HK](https://longbridge.com/en/quote/07766.HK.md) - [09366.HK](https://longbridge.com/en/quote/09366.HK.md) - [AVEX.US](https://longbridge.com/en/quote/AVEX.US.md) ## Related News & Research - [Key facts: Tesla (TSLA) Cybercab; 1M+ robotaxi miles; Roadster 2028](https://longbridge.com/en/news/302200029.md) - [Tesla’s Cybercab Fleet Expands Tenfold in Just a Month, Elon Musk Says Driverless Mileage Is Growing ‘Like a Rocket Going to Orbit’](https://longbridge.com/en/news/302658050.md) - [Tesla has a surprise for investors: a big cut in investment](https://longbridge.com/en/news/302681603.md) - [Tesla reports Q3 Earnings today: here’s what to expect](https://longbridge.com/en/news/302592286.md) - [Stifel Nicolaus Sticks to Their Buy Rating for Tesla (TSLA)](https://longbridge.com/en/news/302739269.md) --- > **Disclaimer: This article is for reference only and does not constitute any investment advice.**