11:36 AM EDT, 10/23/2025 (MT Newswires) -- Tesla (TSLA) had a "good" quarter, with fiscal Q3 revenue beating expectations on strong global vehicle deliveries and booming energy storage sales, Wedbush said in a note emailed Thursday.

The electric vehicle maker posted Q3 total revenue of $28.10 billion, topping the Street's estimate of $26.54 billion, as deliveries came in well above expectations along with a strong 44% growth in energy generation and storage segment revenue, according to the note.

Tesla rolled out new energy storage products, including the Megapack 3 and Megablock, while also making progress with its artificial intelligence strategy during the quarter by focusing on expanding full self-driving services to new locations, including international markets, Wedbush said.

The firm said 2026 will be a critical year for Tesla as Cybercab production is slated for Q2 in Austin, while the Optimus humanoid robot is expected to enter volume production in Q1, the note said.

Analysts said they expect shareholders to largely vote in favor of Chief Executive Elon Musk's pay package at a Nov. 6 meeting, as Tesla navigates a "critical inflection point."

Wedbush maintained an outperform rating on Tesla, with a price target of $600.

Shares of the company were down more than 3% in recent Thursday trading.

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