Tesla stock rose Monday, building on recent gains heading into the company’s third-quarterdelivery reportdue out on Thursday.

The sales results should drive some additional volatility for Tesla stock, but that is nothing new for investors.

Shares of the electric-vehicle maker traded as high as $450.98, but closed up 0.6% at $443.21, while the S&P 500 and Dow Jones Industrial Average rose 0.3% and 0.2%, respectively.

A gain is nothing new. The small move is the surprise. Trading in Tesla stock has been remarkable lately. Coming into Monday trading, Tesla stock was up 27% over the past month, leaving shares up 9% this year. What’s more, shares have moved more than 1%, up or down, for the past 12 trading sessions, including 4-plus percent moves the past three days. The average move over that span was 3.4%. Shares rose nine times and fell three times.

Investors could use a breather. They probably won’t get it. Tesla’s quarterly delivery report typically drives some volatility in the stock. For the third quarter, Wall Street currently projects about 447,000 deliveries, according to FactSet. Tesla sold about 463,000 cars in the third quarter of 2024.

Sales are expected to decline, but only slightly. Tesla sold about 721,000 cars in the first half of 2025, down about 13% year over year.

Predicting the direction of Tesla stock after the company reports its deliveries is never easy. Tesla stock fell 6.1% after the company reported fourth-quarter deliveries in January that were roughly in line with Wall Street estimates. Shares rose 5.3% after reporting weaker-than-expected first-quarter results in April. Shares rose 5% after reporting in-line second-quarter results in July.

It’s easier to predict that shares will move significantly after numbers are released.