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Why Tesla stock is tanking today

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Tesla's stock is feeling the pressure as investors brace for disappointing delivery numbers and face delays in product launches.

Tesla Inc. (NASDAQ:TSLA) experienced a notable drop in its stock price, closing down 1.43% at CA$352.33. This decline comes as the company prepares to release its third-quarter delivery numbers, which are anticipated to fall short of expectations.

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Tesla Inc

TSLA.US

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TSLA.US

Tesla Inc

Source:WealthAwesomeWealthAwesome
↓ $38.93 (-9.82%)
71 day period
$298.32$361.81$425.30Jun 17Aug 7Sep 28

Market cap

$1.41T

P/E

343.7x

52W high

$498.83

52W low

$297.38

1W change

-4.76%

Beta

1.84

Analyst Price Targets

Based on 47 analysts covering TSLA · as of Sep 29, 2026

📈

Wall Street analysts forecast TSLA stock price to rise 10.7% over the next 12 months.

Consensus

Hold

3.38 / 5.00

Avg. Target

C$395.83

+10.7% Upside

Previously C$396.62 on Sep 25, 2026

Current Price

C$357.45

Last close

Analyst Breakdown (47 analysts)

Strong Buy 14
Buy 7
Hold 16
Sell 3
Strong Sell 7
Compare analyst targets →

Targets are snapshotted when they change. Unchanged figures keep their original date. Not financial advice.

Wealth Awesome Price Forecast

WA Model

Statistical 90-day price range based on TSLA's historical volatility

HistoricalForecast68%95%
C$175.57C$249.50C$323.43C$397.35C$471.28C$545.21TodayJun 17Aug 7Sep 28Nov 10Dec 24Feb 5

30-Day Vol

44.9%

Annualized

90-Day Vol

55.1%

Annualized

Trend (90d)

-40.3%

Annualized drift

90d Mean

C$309.53

Expected price

HorizonExpected68% Range (1σ)
30 trading daysC$340.70C$291.82 – C$397.78
60 trading daysC$324.74C$260.86 – C$404.27
90 trading daysC$309.53C$236.70 – C$404.78

Methodology: Range is calculated using 30-day realized volatility via geometric Brownian motion (log-normal model). 68% band = ±1σ, 95% band = ±2σ. This is a statistical model, not a prediction. Past volatility does not guarantee future results. Not financial advice.

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Investor takeaway: Investors are cautious as Tesla faces challenges with its upcoming delivery report and delays in product launches, which may indicate broader issues within the company.

Tesla's Q3 Deliveries Expected to Fall to 463,000 Units

This represents a 6.8% decrease compared to the same quarter last year, raising concerns about demand and market conditions.

Bull case

Tesla has been resilient in gaining market share in the U.S. electric vehicle (EV) market. Its Full Self-Driving (FSD) subscriptions have seen significant growth, which could help boost future sales.

Bear case

With expected Q3 deliveries likely to disappoint and the delay of the highly anticipated Roadster reveal, investor confidence may wane, leading to further stock price declines.

Disappointing Delivery Expectations

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Tesla is set to report its Q3 delivery numbers later this week, with analysts forecasting a total of 463,000 units. This marks a significant drop from the 497,000 vehicles delivered in the same quarter last year. The decline is attributed to a softening demand in key markets, particularly in the U.S. and China, where competition is intensifying.

Roadster Reveal Delayed Again

Adding to the company's woes, Tesla has announced a delay in the reveal of its much-anticipated Roadster, pushing the event from October 1st to October 15th. This postponement has frustrated many fans and potential buyers, raising questions about Tesla's ability to meet product timelines and manage investor expectations.

Market Reaction and Future Outlook

The market's reaction to Tesla's recent announcements has been cautious, with the stock slipping further as investors digest the implications of the expected delivery shortfall and product delays. Analysts are closely monitoring how these developments will impact Tesla's market position and investor sentiment in the coming weeks.


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Wealth Awesome
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Wealth Awesome

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✅ Reviewed by Certified Financial Professionals

This content has been reviewed by CFA® charterholders and Certified Financial Planners (CFP®) with over a decade of experience in Canadian financial markets. All information is fact-checked against official Canadian sources and regulations.

Why these credentials matter: CFA® charterholders complete 900+ hours of rigorous study in investment analysis and ethics. CFP® professionals are held to the highest standards of financial planning competency and fiduciary duty in Canada.

📊 Data AccuracyVerified sources
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⚠️ Professional Disclaimer

This content is for educational purposes only and should not be considered personalized financial advice. While our team brings professional expertise, individual circumstances vary. For personalized guidance, consult with a qualified financial advisor, tax professional, or mortgage specialist.

Published: September 29, 2026
Last Updated: September 29, 2026

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