The IEA's Global EV Outlook 2026 reports that global electric car sales grew 20% to over 20 million in 2025 and are expected to reach 23 million in 2026, or 28% of total car sales, with part of this momentum tied to the energy crisis from the Middle East conflict. Global EV sales rose 35% in Q2 from Q1 2026 and set quarterly records in 50 countries, while the U.S. market slowed after federal incentives of up to $7,500 were eliminated. China accounted for over 80% of battery cell production in 2025. Among automakers, Tesla unveiled its next-generation Roadster with production slated for 2028 and reported Q3 deliveries of 486,532, down 2%; Rivian delivered 19,248 vehicles, up roughly 45%; Lucid delivered 3,806 vehicles after producing 2,954; and GM's U.S. EV sales fell to 25,213 from 66,501. The most active lithium carbonate contract on the Guangzhou Futures Exchange fell 11.8% on October 12 to 104,740 yuan per ton, and Albemarle shares dropped 4.2% in pre-market trading.
Summary written by Upside AI from the original article. Read the source for full details.
Read the original on Yahoo Finance ↗
Related tickers and likely impact
TSLA
• NeutralTesla, Inc.
Relevance: low
| Market | US stocks |
|---|---|
| Sector | Consumer Discretionary |
| Industry | Automobile Manufacturers |
| Market cap | $1.4T |
| Close on 10/15/2026 | 362.44 |
| Change that session | -1.29% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
Related news
- Gary Black Predicts SpaceX Buys Tesla for “$420/Share” Within Weeks
Gary Black predicts SpaceX will announce an all-stock deal to buy Tesla at $420 per share within the next few weeks, about 18% above Tesla's $354.72 close on Oct. 16. He believes the Roadster event was meant to build the case for a merger, though the deal could take a year to close. The article notes Tesla trades at 182x forward earnings, and even on analysts' 2028 EPS estimate of $3.21, $420 would be roughly 131x. Because the offer is paid in stock, its value would move with SpaceX's shares, and SpaceX revenue is expected to rise from $45.3 billion in 2026 to $201 billion in 2028. Neither company has announced a deal, and Tesla's third-quarter results on Wednesday are the next item to watch.
- Tesla-SpaceX merger is 'not so easy': Analyst
Speculation about a possible merger between SpaceX (SPCX) and Tesla (TSLA) has grown on Wall Street in recent weeks. RBC Capital Markets analyst Tom Narayan says it would not be simple: SpaceX would have to acquire Tesla, likely in an all-stock deal, and would need to pay a strong premium. He sets a $480 price target for Tesla, while the shares trade near $367. The longer-term focus may be Terafab, Elon Musk's chip initiative aimed at cutting production costs by up to 90% and bypassing Nvidia and TSMC. Musk currently controls 85% of SpaceX's voting rights and 20% of Tesla's.
- Mag 7 Pull Dow Back to Breakeven Line
- Wall Street Projects A Down Quarter For Tesla Earnings; Stock Rebounds
- Magnificent 7 Earnings Preview: Meta & Tesla Take Center Stage This Week
Meta Platforms (META) and Tesla (TSLA) are set to report third-quarter results on Wednesday, October 21, after the market close, and both could influence the tech sector after a recent pullback. Zacks estimates Meta's Q3 revenue will rise more than 23% year over year to $63.24 billion, while earnings are projected to fall nearly 10% to $6.54 per share. Investors will focus on whether heavy AI spending can pay off, given free cash flow of just $784 million in Q2 and 2026 CapEx guidance of $130-$145 billion. Tesla delivered 486,532 vehicles in Q3, beating expectations of roughly 462,000 but down 2% from a year earlier; the Zacks consensus expects earnings to fall 12% to $0.44 per share and revenue to dip 1% to $27.78 billion. Attention will also be on automotive margins, the energy business, and progress on robotaxi and Optimus.
- Tesla Rises 4% as DeSantis Vows to Make Flying Roadster Legal in Florida; Rivian and Lucid Slip
Tesla shares rose 4% to $367.59 in afternoon trading after Florida Governor Ron DeSantis pledged to make the company's flying Roadster legal in his state, saying on X that the state would ensure it is legal. The pledge followed Tesla's unveiling of the long-delayed Roadster last week, where a version fitted with air tanks and thrusters launched from a ramp, flew briefly and landed on its wheels. Rivian fell 0.9% to $12.31 and Lucid slipped 1.12% to $3.10, while Tesla's gain also reflected a broad tech rebound, with the QQQ up 2%. The article notes that federal regulators decide whether a vehicle can fly, production is years away, and Tesla has not announced a price for the flying version.
Related markets
Latest news
- J.P. Morgan Stays Top of Extel’s All-America Equities Research Table
Extel's 55th annual All-America Research Team survey ranks J.P. Morgan first in the research team table with 47 published positions, followed by BofA Securities with 44 and Morgan Stanley with 43. UBS posted the largest gain in positions, reaching 42 and climbing to fourth place. In the analyst leaders table, Jefferies takes first place with 43 positions, while UBS leads Extel's weighted ranking of research teams ahead of J.P. Morgan and Evercore ISI. The results reflect the views of 4,451 portfolio managers and analysts at 1,608 institutions across 60 sectors, with 129,919 votes counted. The number of participating institutions fell from 1,705 in 2025, but more firms now sit in the highest commission bands, rising to 89 from 82.
- Visa, Mesh partner to enable crypto spending at 175M merchant locations
Visa and crypto payments network Mesh have partnered so users can spend cryptocurrency and stablecoin balances directly from participating digital wallets at merchants on Visa's network, without transferring funds to a bank account or using a separate crypto card. Merchants receive payments through Visa's existing network without changing their checkout systems. The network covers more than 175 million merchant locations in over 200 countries and territories, and participating wallets and launch dates will be announced later. Mesh will handle funding and conversion between crypto, stablecoins and fiat, as well as onboarding and KYC requirements. The partnership follows Mesh's September integration with Bybit Pay and its $75 million raise in January at a $1 billion valuation.
- Mastercard Brings Its Fraud-Fighting Tools to Stablecoin Payments
Mastercard has launched Stablecoin Security, a tool that lets financial institutions screen stablecoin payments for fraud, scams and sanctions exposure and generate a risk score before a payment settles. Delivered through a platform-agnostic API, it combines Mastercard's payment intelligence with blockchain analytics and launches with Borderless.xyz and Keyrails as initial participants. The move addresses a blind spot flagged by a Bank for International Settlements study, which found nearly 60% of 593 million stablecoin transfers in 2025 were complex, multi-step transactions. The product extends Mastercard's broader stablecoin push, including its Global Money Platform with BVNK, and will launch first in North America, with worldwide availability expected in 2027.
- Better Oil Stock: Chevron (CVX) vs. ExxonMobil (XOM)
The article compares integrated oil majors Chevron (CVX) and ExxonMobil (XOM), whose stocks rose 45% and 58% respectively over the past 12 months as oil prices climbed. Chevron earns about 80% of its profit from upstream operations versus about 70% for ExxonMobil, which has a larger downstream and petrochemicals business. With Brent crude at $110 per barrel, well above breakeven prices of $50 for Chevron and $35 for ExxonMobil, the author argues Chevron's upstream focus suits oil spikes, while ExxonMobil's diversification helps when prices fall. Chevron offers a 3.2% forward yield versus 2.3%, and analysts expect its EPS to grow at a 26% CAGR from 2025 to 2028, compared with 20% for ExxonMobil. Both trade at 15 times next year's earnings, and the author prefers Chevron.
- 10 - Year Treasury Yield Falls 15 Basis Points as Nasdaq - 100 Slides 5 . 5 %
U.S. Treasury yields fell as tech stocks slid in the week ended Oct. 16: the 10-year par yield dropped from 5.24% to 5.09%, a 15-basis-point decline, while the Nasdaq-100 fell about 5.5%. Bloomberg linked the bond rally to commodity trading advisers cutting bearish Treasury futures positions and to investors seeking a haven, and said the joint drop in yields and the Nasdaq-100 was the first such week since the April 2025 tariff turmoil. Long-term yields had climbed for seven months on persistent inflation, a resilient economy and heavy borrowing, hitting their highest levels in more than two decades. Investment-grade companies had sold about $1.7 trillion of bonds in 2026 so far, roughly 29% more than a year earlier, with AI infrastructure borrowing intensifying competition for Treasury buyers. Rate traders still expect one Fed increase by the end of 2026 and another in 2027 ahead of the Oct. 27-28 policy meeting.
- This High-Yielding Dividend Stock Has Soared Past the "Magnificent Seven" in 2026
Target (TGT) shares are up 57% so far in 2026, outpacing the Magnificent Seven tech group, where Tesla is down 18% and Apple leads with a 26% gain as enthusiasm for AI cools. The stock is still down 39% over five years, with its last positive year in 2021, as consumers have pulled back on discretionary spending, but a new CEO and recent earnings progress have renewed investor interest. Growth in the most recent quarter, which ended Aug. 1, was 5.3%, with comparable growth of 3.6%, which the author sees as decent but not spectacular. Target trades at a P/E of 16 versus about 23 for the S&P 500 and 43 for Walmart, and its dividend yields 3% versus roughly 1% for the market, with 55 consecutive years of increases.
Get the briefing on Telegram or Zalo
Join the Upside Telegram channel or Zalo group for the Vietnam stocks and gold briefing at 8:00 and 19:00 (Vietnam time) on trading days, plus a weekly wrap on Saturday morning.