Tesla reported a third-quarter delivery record of 497,099 vehicles, marking a 43% year-over-year increase and underscoring robust consumer demand. The energy segment also achieved historic quarterly deployment of Powerwall and Megapack systems, contributing to a 35% year-over-year revenue gain in the energy business. Company executives noted that the combined momentum positions Tesla to exceed annual vehicle delivery targets, while utility-scale storage orders remain three times higher than a year ago.

On December 24, CEO Elon Musk announced via social media that he is revising Tesla’s mission wording from “Sustainable Abundance” to “Amazing Abundance.” Musk described “amazing” as a more joyful term than “sustainable,” signaling a possible pivot in corporate storytelling. Tesla’s website still emphasizes “accelerating the world’s transition to sustainable energy,” but the proposed change may reflect a broader focus on consumer-facing products such as electric vehicles, AI software and humanoid robots.

Deepwater Asset Management’s Gene Munster forecasts fourth-quarter deliveries of approximately 415,000 vehicles, a 16% decline year-over-year and well below the Street consensus of 449,000. This follows the U.S. federal tax credit expiration, which Munster believes will drive a larger-than-expected drop. Despite a projected delivery downturn, Munster argues that Tesla’s valuation—currently around $1.5 trillion—reflects a “physical AI” premium, attributing roughly 80% of future worth to developments in full self-driving software, the Optimus humanoid robot and robotaxi initiatives.