Tesla beats on earnings and sales even as auto revenue declines
Tesla’s quarterly profit fell as higher AI and robotaxi spending offset stronger deliveries and energy sales, while automotive margins remained under pressure.
- On Wednesday, October 21, 2026, Tesla reported third-quarter revenue of $28.05 billion, surpassing analysts' $27.88 billion estimate as vehicle deliveries rebounded and energy storage sales grew.
- Deliveries reached 486,532 vehicles during the third quarter, exceeding market expectations of about 461,100 units, while production totaled 464,391 vehicles, reducing inventory by more than 22,000 units for a second consecutive quarter.
- Grid-Scale battery demand from data centers and renewable projects fueled Tesla's energy segment growth, while the company halted Model S and Model X production at its Fremont facility to convert lines for industrial-scale Optimus manufacturing.
- CEO Elon Musk confirmed on Tuesday that both Tesla and SpaceX appointed special committees to examine a potential merger, as Tesla reported positive cash flow of $1.53 billion, defying expectations of $4.92 billion cash burn.
- Tariff policies pose greater risks to Tesla's energy operations than its automotive line, the company warned, while international competitors introducing lower-priced alternatives continue pressuring the automotive division amid expiring tax credit headwinds.
104 Articles
104 Articles
Tesla CEO Musk wants to focus the company on robots and robot taxis. At the moment, however, the money still has to be earned with the sale of electric cars. There were last decreases, but Wall Street is still satisfied.
Tesla’s Q3 profit drops as it prepares for possible merger with Musk’s other public company, SpaceX – WTOP News
NEW YORK (AP) — Tesla reported a decline in profit for the latest quarter as it prepares for a possible merger with Elon Musk’s other big business, SpaceX. The electric vehicle maker reported third-quarter net income of $787 million, or 22 cents per share, down 44% from the year-earlier period. Excluding certain items, though, earnings per share of 48 cents beat Wall Street analyst expectations by 3 cents. Revenue was basically flat at $28 billi…
Tesla obtained a net profit of 804 million dollars (715.56 million euros) in the third quarter, representing a fall of 42% compared to the same period of the year...
Ekstra Bladet
Tesla's revenue fell marginally in the third quarter. Still, the company defies analysts' expectations
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