Tesla beats on earnings and sales even as auto revenue declines
- 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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88 Articles
Ekstra Bladet
Tesla's revenue fell marginally in the third quarter. Still, the company defies analysts' expectations
Reformatorisch Dagblad
Tesla posted a lower profit in the third quarter than a year earlier, while revenue remained unchanged. Despite the lower result, the company under the leadership of Elon Musk exceeded expectations in the financial markets. There were concerns that increased investments in artificial intelligence and humanoid robots would become too great a cost for the electric car manufacturer.
Zeit Online
Tesla's Q3 profit drops as it prepares for possible merger with M
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
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