Kasikorn Research Center reports that the world is entering an era in which electricity is at the center of the economic system, the Age of Electricity. The international energy organization IEA indicates that since 2019 global electricity demand has grown more than twice as fast as overall energy use, driven by electric vehicles, air conditioners, the industrial sector, and data centers. In the latest data for 2025, electricity accounted for about 23% of global final energy consumption, while economic activity dependent on electricity generated nearly half of global GDP, or 45%, and it is estimated that electricity's share of global final energy consumption will rise to 35% in 2035. Thailand is entering the Age of Electricity just as the world is, which changes the challenge for the energy system from simply having enough electricity to having electricity that is sufficient, clean, stable, and competitively priced. Clean electricity will become even more important to competitiveness, because Thailand's power generation sector still emits about 87 million tons of CO2 per year. The challenge therefore is not only increasing clean power generation capacity, but also investing in the grid and BESS to create flexibility in time for new demand, while also monitoring related energy policies such as PDP2026, Direct PPA, and the use of loans under the emergency decree for loans of 200 billion baht for the energy transition.
Tesla Q3 Deliveries Beat Estimates, On Track to End Two-Year Decline
Tesla delivered 486,532 vehicles in the third quarter of 2026, beating the Zacks Consensus Estimate of 471,262 units, with deliveries up 1.3% sequentially but down 2.1% year over year. Through the first nine months of 2026, Tesla delivered 1,324,681 vehicles and needs just more than 311,448 units in the fourth quarter to break its streak of annual declines. The competitive picture remains concerning, as BYD sold 762,478 passenger battery-electric vehicles in the quarter, up roughly 31% year over year, while NIO delivered 109,178 vehicles, up 25.4% year over year. In the last reported quarter, automotive gross margin excluding regulatory credits slipped to 16.3%, and energy storage margins fell to 20.4% from 39.5%, while Tesla expects capital spending above $25 billion in 2026. Tesla's robotaxi network had covered roughly 380,000 driverless miles, compared with Waymo's more than 220 million rider-only miles, and the company recently moved its Roadster demonstration from Oct. 1 to Oct. 15. Tesla's Oct. 21 earnings report is much-awaited, and TSLA stock currently carries a Zacks Rank #4 (Sell).
NYSE Moves to Delist ESS Tech as Market Cap Falls Below $15 Million
The New York Stock Exchange announced that its regulatory staff has determined to commence proceedings to delist the common stock of ESS Tech, Inc., ticker symbol GWH, from the NYSE. NYSE Regulation reached the decision under Section 802.01B of the NYSE's Listed Company Manual because the company fell below the continued listing standard requiring an average global market capitalization of at least $15,000,000 over a consecutive 30 trading day period. Trading in the company's common stock will be suspended immediately. The Exchange had previously announced on September 24, 2026 that the company was no longer suitable for listing under Section 802.02 of the Listed Company Manual, as it was unable to demonstrate regained compliance with the applicable standard by the expiration of the maximum plan period. ESS Tech has a right to a review of these determinations by a Committee of the NYSE Board of Directors, and the NYSE will apply to the Securities and Exchange Commission to delist the stock upon completion of all applicable procedures, including any appeal by the company.
Energy Transition & Power Demand › Energy Storage & Grid Flexibility ▼Regulation
GWH · Regulation · Negative NYSE determined to delist ESS Tech's stock for falling below the $15M market cap continued listing standard, suspending trading immediately.
Tesla Beats Q3 Delivery Estimates With 486,532 Vehicles
Tesla delivered 486,532 vehicles in the third quarter, topping Wall Street estimates of 463,000 even as the figure came in slightly below last year's 497,000. The company said it produced 464,000 vehicles in the quarter and deployed 13.7 gigawatts of energy storage products. The year-ago quarter was inflated by a rush of buyers ahead of the expiration of the federal tax credit, making the roughly 10,000-vehicle gap notable for demand strength. Tesla said it will release its third-quarter earnings on October 21 after the bell. The delivery figure is a global number, with improving demand in Europe and China serving as a major export hub.
Tesla Q3 2026 Deliveries Top 486,000 Vehicles, Storage Deployments Reach 13.7 GWh
Tesla produced over 464,000 vehicles and delivered over 486,000 vehicles in the third quarter of 2026, while deploying 13.7 GWh of energy storage products. The Model 3 and Model Y accounted for 457,387 vehicles produced and 478,237 delivered, with the remaining 7,004 produced and 8,295 delivered coming from other models. Tesla will report its third quarter 2026 financial results after market close on Wednesday, October 21, 2026, followed by a live question and answer webcast at 4:30 p.m. Central Time. The company noted that vehicle deliveries and storage deployments represent only two measures of its financial performance and should not be relied on as an indicator of quarterly results.
Energy Transition & Power Demand › Energy Storage & Grid Flexibility ▲Supply
Robotics & Physical AI › Autonomous Vehicles & Robotaxi Supply
TSLA · Demand · Positive Tesla delivered over 486,000 vehicles and deployed 13.7 GWh of energy storage in Q3 2026, signaling strong end-customer demand for its products.
ZincFive and Spark I File Form S-4 for Proposed Business Combination
ZincFive, Inc. and Spark I Acquisition Corporation announced the public filing of a registration statement on Form S-4 with the U.S. Securities and Exchange Commission in connection with their previously announced proposed business combination. The Registration Statement was filed on September 30, 2026, under File No. 333-299215, and includes a preliminary proxy statement and prospectus relating to the securities to be issued to Spark I's and ZincFive's shareholders. The Business Combination remains subject to approval by SPKL shareholders, the Registration Statement being declared effective by the SEC, and other customary closing conditions. Following completion, the combined company is expected to operate under the name ZincFive, Inc., with securities expected to trade on Nasdaq subject to exchange listing approval, and the deal is expected to close in the fourth quarter of 2026. ZincFive is a leader in immediate power solutions for mission-critical infrastructure based on nickel-zinc battery technology, while Spark I is a special purpose acquisition company formed by SparkLabs Group.
EGAT successfully tests virtual power plant, linking DRCC with ENZY Platform
The Electricity Generating Authority of Thailand (EGAT) has successfully tested automated energy connection and dispatch in the form of a Virtual Power Plant, linking its Demand Response Control Center (DRCC) with the ENZY Platform, an intelligent energy management platform developed by EGAT. Thidech Iamsai, EGAT Deputy Governor for Related Business, revealed on 30 September 2026 that the test integrated three types of energy resources: demand response, battery energy storage systems (BESS), and solar power generation. When the DRCC sends a command to the ENZY Platform, the system processes data from local energy resources and automatically dispatches various devices according to set conditions, both reducing electricity use during peak demand alongside discharging power from batteries and solar cells, and storing energy in batteries during periods of low demand. EGAT stated that this success reflects its readiness to upgrade Thailand's power system to a Smart Grid, accommodating the growth of renewable energy, energy storage systems, and electric vehicles, as well as opening opportunities for electricity users, buildings, factories, and owners of distributed energy sources to participate in managing the power system, in order to strengthen energy security and support Thailand's Net Zero goal.
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