Tesla Posts Middling Q3 Results Amidst Positive Developments
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Tesla Profit Drops 43% to $787 Million as Spending on Robots and AI Doubles
by Carl Fox at CDN Tesla's third-quarter profit fell to $787 million as capital spending more than doubled, though the company beat Wall Street's earnings forecast and surprised analysts with positive free cash flow. Click to read the rest HERE-> Tesla Profit Drops 43% to $787 Million as Spending on Robots and AI Doubles first posted at Conservative Daily News
Tesla posts middling Q3 results amidst positive developments
Tesla posted its Q3 2026 earnings report, and going purely by the numbers, it's neither great nor bad. During the period, Tesla produced 457,387 Model Y and Model 3 units and delivered 478,237. Including other models, Tesla produced 464,391 cars and shipped 486,532. Revenue was $28.05 billion, the same year-over-year, while GAAP operating income was $787 million, down 43% YoY. The company also reported $1.53 billion in free cash flow and $4.73 b…
Energy generation and storage fell 16%, to $2.881 billion, services and other revenues grew 33%
Higher development costs push Tesla's quarterly profit to $787 million. Elon Musk draws attention to the humanoid robot Optimus.
Tesla report, revenue 28.05 billion, profit 787 million, 43% drop, cost of Optimus robots, capital expenditure increased, free flow decreased
Photo by Xinhua Tesla, US manufacturer of electric vehicles, this Wednesday announced about an annual fall of 43% in the net profit of the third quarter, while revenues remained largely unchanged, due to the fall in vehicle deliveries and the increase in operating expenses. According to the company’s latest financial report, revenues totaled 28,050 million US dollars in the quarter ending on 30 September of the current year, compared to 28,100 m…
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