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Tesla Q3 revenue flat as net income falls 42.7% year over year

According to a TradingView summary of the 10-Q filing, Tesla's Q3 2026 revenue reached $28.05 billion while net income fell 42.7% to $787 million.

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what happened

Tesla reported third-quarter 2026 revenue of $28.05 billion, down 0.2% from the prior-year quarter. Net income attributable to common stockholders dropped 42.7% to $787 million, and diluted EPS fell 43.6% to $0.22. The figures come from a 10-Q filing summary published by TradingView.

Nine-month revenue rose 13% to $78.7 billion, led by automotive sales and services, while energy revenue fell 6%. Energy storage deployments reached 36 GWh through the third quarter, but lower prices and weaker Powerwall and solar deployments weighed on revenue. Quarterly vehicle sales dipped 1%, partly due to the end of the Model S and Model X.

Production of the Cybercab and the Tesla Semi began in the third quarter of 2026.

why it matters

The key signal for markets is that profit fell sharply even though revenue held near last year's level, pointing to pressure on margins from costs and a weaker energy business. Investors will watch whether new models and autonomy projects can support future earnings.

market impact

TSLA: flat revenue and a steep profit decline weigh on sentiment for the carmaker's shares

tags

EarningsStockUnited States

instruments

TSLATesla

sources

  1. Allegion 3Q 2026: Revenue $1.17B, Net income $220.9M, EPS $2.59— 10-Q Summary — TradingView, 22 October 2026 at 10:11 UTC
  2. IBM 3Q 2026: Revenue $17.1B, Net income $2.19B, EPS $2.3— 10-Q Summary — TradingView, 22 October 2026 at 10:11 UTC
  3. Tesla 3Q 2026: Revenue $28.05B, Net income $787M, EPS $0.22— 10-Q Summary — TradingView, 22 October 2026 at 10:11 UTC
  4. Waste Connections 3Q 2026: Revenue $2.64B, Net income $359.2M, EPS $1.43— 10-Q Summary — TradingView, 22 October 2026 at 10:11 UTC
  5. Dover 3Q 2026: Revenue $2.23B, Net income $333.33M, EPS $2.47— 10-Q Summary — TradingView, 22 October 2026 at 11:11 UTC

prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.

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