Tesla shares rise despite 43% decline in quarterly profit
U.S. electric vehicle and energy technology company Tesla (TSLA) reported third-quarter 2026 revenue of $28.046 billion and GAAP net income attributable to common shareholders of $787 million after the U.S. market close on October 21.
Tesla Q3 2026 earnings
| Financial metric | Actual | Market estimate |
|---|---|---|
| Revenue | $28.046 billion | Approximately $27.9 billion |
| Revenue growth | -0.2% YoY | — |
| Net income (GAAP) | $787 million | — |
| GAAP net income growth | -42.7% YoY | — |
| Diluted EPS (GAAP) | $0.22 | — |
| Adjusted EPS | $0.48 | Approximately $0.45 |
| Adjusted net income | $1.697 billion | — |
| Operating income | $718 million | — |
| Operating margin | 2.6% | — |
| Adjusted EBITDA | $3.900 billion | — |
| Operating cash flow | $6.263 billion | — |
| Free cash flow | $1.531 billion | -$4.92 billion |
| Capital expenditures | $4.732 billion | Approximately $7.5 billion |
| Vehicle deliveries | 486,532 | 461,100 |
| Energy storage deployments | 13.7 GWh | — |
| FY2026 revenue and EPS guidance | No new numerical guidance | — |
| Stock reaction (October 21, initial after-hours trading) | Approximately +2% | — |
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