Tesla Unveiled its Awaited Roadster Developed With SpaceX. Their Stocks are Little Changed. Demian Bio Fri, October 16, 2026 at 10:55 AM EDT 2 min read TSLA -1.08% SPCX -2.24% Explore stocks on Coinbase Trading disclosure Trading disclosure The above button links to Coinbase. Yahoo Finance is not a broker-dealer or investment adviser and does not offer securities or cryptocurrencies for sale or facilitate trading. Coinbase pays us for certain activity generated through this link. Prices displayed are informational.
The stocks of Tesla and SpaceX are little changed on Friday after the former introduced its latest Roadster model, which is equipped with thrusters from the latter.
Tesla shares climbed 0.65% at 10:46 a.m. ET, while those of SpaceX dropped 1.11% at the same time.
"You're going to see the results of what happens when you have a collaboration with the world's best car company and the world's best rocket company," Elon Musk, CEO of both companies, said on Thursday at Waco, Texas when introducing the car.
The car is performed a stunt during the night in which it managed to stabilize itself when falling from a curved ramp. CNBC noted that the model is expected to be high-end and low-volume. It is set to enter production in 2028, and the price has not been specified. However, the company has opened reservations for the car and is accepting $50,000 deposits from potential buyers in the U.S., Canada and China.
The event also fueled speculation about the possibility that both companies will merge eventually. Their collaboration increased throughout this year, and SpaceX COO Gwynne Shotwell said that such a move "might make Elon's life a little easier."
Tesla also beat delivery expectations in the third quarter of this year as the electric vehicle maker showed a sharp improvement from earlier this year despite intensifying global competition.
The company produced 464,391 vehicles during the quarter, meaning deliveries exceeded production by more than 22,000 vehicles.
Wall Street analysts had expected roughly 461,100 deliveries, according to StreetAccount consensus cited by CNBC. Tesla's own company-compiled consensus, released earlier this week and based on estimates from 24 sell-side analysts, called for 461,974 deliveries.
That means Tesla exceeded its company-compiled consensus by nearly 25,000 vehicles, or about 5.3%. The result, however, was still below last year's record third quarter. Tesla delivered 497,099 vehicles in the third quarter of 2025, making the latest figure a decline of about 2.1% year over year. Last year's quarter remains Tesla's delivery record.
Tesla's Model 3 sedan and Model Y SUV continued to dominate its automotive business. The company delivered 478,237 Model 3 and Model Y vehicles during the quarter, compared with 8,295 vehicles across its other models. Together, the Model 3 and Model Y accounted for roughly 98% of total deliveries. Tesla produced 457,387 Model 3 and Model Y vehicles during the period.
The stronger-than-expected quarter comes at a crucial time for Tesla. The company is facing increasingly aggressive competition from Chinese EV manufacturers including BYD and Xiaomi, while attempting to reverse consecutive annual declines in vehicle sales. Tesla has also dealt with consumer backlash surrounding Musk and changes to U.S. EV incentives.
