Tesla and Rivian 3Q26 vehicle deliveries takeaways

Goldman Sachs published a US Autos & Industrial Tech report reviewing Tesla's and Rivian's 3Q26 vehicle delivery results. Tesla's 3Q26 deliveries came in above both company-compiled consensus and Goldman's prior estimate, proving the earlier cautious view wrong; the upside was driven mainly by Europe and the US, and full-year 2026-2028 delivery estimates were modestly raised, while energy storage deployments rose year over year but fell short of expectations. Key forward variables for deliveries include new model/variant launches (notably the Model Y L and Rivian's R2) and whether improving autonomy technology can support vehicle sales and profits. For Tesla, FSD, robotaxi, Cybertruck and Optimus progress, automotive gross margins and capital spending are key areas of investor focus; Goldman remains Neutral with a 12-month price target. Rivian's 3Q26 deliveries also beat both Visible Alpha consensus and Goldman's estimate;