Tesla beats on earnings and sales even as auto revenue declines
Tesla’s services business and energy storage unit helped offset weaker auto margins as operating expenses rose 39%, the company said.
- 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.
120 Articles
120 Articles
Aftenposten
bt.noThe profit of electric car manufacturer Tesla was almost halved in the third quarter, compared to the same period last year.
The American group Tesla, specialist in electric vehicles and electricity storage, announced on Wednesday a net profit for the third quarter in sharp decline over a year, but nevertheless higher than the analysts' forecasts.
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…
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