A $1,000 investment split equally between Tesla and SpaceX two months ago would now be worth about 26.8% more, with Tesla shares up nearly 15% and SpaceX shares surging 39%. Tesla’s gain followed third-quarter vehicle deliveries of 486,532, beating the company-compiled analyst consensus of approximately 461,974 by about 5%. Model 3 and Model Y deliveries totaled 478,237, while energy-storage deployments missed expectations at 13.7 GWh versus an anticipated 15.9 GWh. Tesla produced 464,391 vehicles, about 22,000 fewer than it delivered, indicating inventory reduction that could support cash flow. Investors will focus on capital spending, balance-sheet health, free cash flow and the Optimus humanoid robot’s production timeline when third-quarter earnings are released on October 21. Tesla converted its $2 billion xAI investment earlier this year into a direct minority ownership position in SpaceX, giving Tesla shareholders indirect exposure to the space company’s financial performance. CNBC’s Jim Cramer said his Tesla investment thesis is centered on SpaceX, citing its expanding computing infrastructure and capacity leasing. Tesla shares remained down more than 15% year-to-date through 2026, while Wall Street’s consensus rating was Overweight.