Tesla beats on earnings and sales even as auto revenue declines
Tesla posted adjusted earnings of 48 cents a share, topping estimates, even as operating income fell 56% and revenue stayed nearly flat.
- 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.
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200 Articles
Tesla Falls 4% as Profit Shrinks and Musk Trims Sales Target; Rivian and Lucid Slip
Tesla beat earnings estimates but investors are selling anyway, and the reasons go well beyond a single quarter's results. A shrinking profit, a cut spending plan, a reduced sales target, and an unresolved merger question are each pulling the stock in a different direction.
Tesla Stock Falters Despite Better-Than-Expected Q3 Earnings, It's Still a Carmaker
Tesla's third-quarter results failed to impress Wall Street, despite showing a sound financial position and promising prospects. Free cash flow and capex spending beat Wall Street estimates, even though profitability took a hit. However, the silver lining is that Tesla is again expected to grow its vehicle sales, with plans to increase production capacity to 5 million vehicles by 2030. Coming right after (continue reading...)
Tesla profit falls 43% as Optimus production starts in Fremont
Tesla’s profit fell 43% in the third quarter as it spent heavily on AI, robots and self-driving cars. Net income came in at $787 million, down from $1.37 billion a year earlier, according to Tesla’s third-quarter update, published on Wednesday. Revenue was flat at $28.05 billion. The same update says Tesla has started building its […] This story continues at The Next Web
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