NEW YORK — Tesla shares rose for a second straight session Monday, building on Friday's jump after the electric vehicle maker reported third-quarter deliveries that beat Wall Street expectations.

The stock gained $7.57, or 2.04%, to $378.16 in morning trading on the Nasdaq. Shares closed Friday at $370.59 after rising 4.65%, their biggest one-day gain in weeks.

Over the two sessions, Tesla stock has climbed nearly 7% from Thursday's close of $354.11, adding tens of billions of dollars to the company's market value. Tesla was valued at about $1.46 trillion at Friday's close.

Deliveries top forecasts

The rally began Friday after Tesla said it delivered 486,532 vehicles worldwide in the July-September quarter.

That beat the average analyst estimate of 463,761 compiled by FactSet, according to Forbes, and topped a company-compiled consensus of 461,974 based on 24 analyst estimates. Deliveries were also up from 480,126 in the second quarter.

However, the figure was slightly below the 497,099 vehicles Tesla delivered in the third quarter of 2025, a period when U.S. buyers rushed to purchase electric vehicles before a federal tax credit expired at the end of September.

The Model 3 sedan and Model Y SUV accounted for the vast majority of deliveries, about 98%.

The stronger-than-expected results eased some concerns about demand after Tesla posted consecutive annual declines in vehicle sales and faced growing competition from Chinese automakers such as........

© International Business Times