Barclays: Tesla Q3 deliveries to hit 475,000, FSD and exports remain core drivers

According to a Barclays report dated September 18, 2026, Tesla is expected to deliver approximately 475,000 vehicles in Q3, with regional breakdowns of 165,000 in the US, 137,000 in China, and 71,000 in Europe. The firm attributes the positive outlook to high FSD penetration rates and robust exports from the Shanghai plant, suggesting a potential inflection point for the company's automotive business.