The Globe and Mail reports in its Monday, Oct. 20, edition that Tesla posts earnings Wednesday after the bell and analysts are expecting the best sales growth in three quarters. The Globe's guest columnist Amber Kanwar writes that if Tesla delivers, it will be a record for sales in the quarter. While profit is expected to be down 16 per cent, sales benefited from a pull forward of demand as electric vehicle tax credits expired in the U.S. The focus will be on fully self-driving cars and robo-taxis as the company is closer than ever to employing its fleet.
Wedbush Securities analyst Dan Ives says, "We believe Tesla could reach a $2-trillion (U.S.) market cap in early 2026 in a bull case scenario and $3-trillion (U.S.) by the end of 2026, as full-scale volume production begins of the autonomous and robotics roadmap."
Trillions is the world we are living in and do not forget that if Elon Musk has Tesla meet expectations, he could earn a $1-trillion (U.S.) compensation package just for himself. Last week, advisory firm ISS recommended shareholders vote against the pay package, but that was its recommendation in 2018 when three-quarters of investors voted for it anyway.
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