Tesla launched its third-quarter 2026 monetary outcomes on October 21, 2026, reporting complete income of $28.0 billion and GAAP working revenue of $718 million in a Kind 8-Okay filed with the SEC. The outcomes cowl the quarter ended September 30, 2026, and had been revealed as the corporate’s Third Quarter 2026 Replace, hooked up to the submitting as Exhibit 99.1.
Third Quarter Monetary Outcomes
Complete revenues had been $28,046 million, in contrast with $28,095 million in the identical quarter of 2025, a outcome Tesla described within the replace as roughly flat yr over yr. Automotive revenues had been $20,560 million, power era and storage income was $2,881 million, and providers and different income was $4,605 million. Complete gross revenue was $5,494 million. The replace states that GAAP gross margin rose 160 foundation factors yr over yr, whereas working margin fell 322 foundation factors and adjusted EBITDA margin fell 114 foundation factors.
GAAP web revenue attributable to frequent stockholders was $787 million, or $0.22 per diluted share, and non-GAAP web revenue was $1,697 million, or $0.48 per diluted share. Adjusted EBITDA was $3,900 million, a 13.9% margin. Tesla stated it achieved its second consecutive quarter of trailing-twelve-month income above $100 billion.
Within the replace’s year-over-year breakdown, Tesla attributed the income outcome to a lower in power era and storage income, partially because of tariff-related buyer refunds, a decrease automobile common promoting worth, decrease regulatory credit score income and decreased deliveries, offset by progress in providers, a $0.3 billion constructive international alternate influence and better automotive ancillary gross sales pushed primarily by elevated FSD subscriptions. Regulatory credit score income was $113 million within the quarter, versus $417 million within the third quarter of 2025. For working revenue, the corporate cited elevated working bills pushed by Tremendous Intelligence (SI) and different analysis and improvement initiatives, stock-based compensation together with the 2025 CEO Efficiency Award, and better promoting, basic and administrative prices, partially offset by progress in providers gross revenue, improved automobile area and product combine, decrease restructuring bills and a $0.1 billion constructive international alternate influence.
Money Circulate and Spending
Internet money supplied by working actions was $6,263 million, capital expenditures had been $4,732 million, and free money circulation was $1,531 million. Money, money equivalents and short-term investments ended the quarter at $45,447 million; the replace states the sequential enhance of $1.9 billion was primarily a results of constructive free money circulation. Analysis and improvement expense was $2,761 million, and promoting, basic and administrative expense was $2,015 million. Complete belongings stood at $157,517 million and complete stockholders’ fairness at $89,289 million as of September 30, 2026. Providers and different gross revenue grew $86 million sequentially to $734 million, which Tesla described as a report for the section.
Deliveries, Robotaxi and FSD
Tesla produced 464,391 autos within the quarter, up 4% yr over yr based on the replace, and delivered 486,532, down 2%. The corporate produced and delivered its 10 millionth automobile throughout the quarter, bringing cumulative deliveries to 10.2 million. Tesla stated it ended the quarter with its largest passenger-vehicle backlog in 4 years, achieved report quarterly deliveries in Canada, Australia, Japan and Taiwan, and reached report manufacturing at Gigafactory Berlin.
Tesla started offering Robotaxi rides utilizing Cybercabs in Austin on September 3, 2026. The replace experiences almost two million cumulative unsupervised Robotaxi miles as of the top of the quarter, with cumulative miles rising eightfold quarter over quarter, and states that working hours in Austin now run from 6 a.m. to midnight. Grok is offered in Cybercab with Grok Bot and Connectors, which the replace describes as giving riders hands-free voice entry to inbox, calendars, information, chats and duties.
Lively FSD subscriptions reached 1.74 million, a metric Tesla defines as together with upfront funds and month-to-month subscriptions and excluding free trials. For the reason that finish of the second quarter, Tesla stated it acquired 4 extra FSD approvals, in Croatia, Slovenia, the Czech Republic and Slovakia, making the system obtainable in 9 EU international locations, the place greater than 100,000 clients have logged over 160 million kilometers since preliminary approval. The replace’s disclosures observe that FSD requires energetic driver supervision and doesn’t make the automobile autonomous.
Vitality storage deployments had been 13.7 GWh, and Tesla reported its highest-ever power storage order charge and backlog. The Supercharger community grew to eight,904 stations and 84,465 connectors, the Supercharger for Enterprise program grew to over 600 stalls, and Tesla deployed its first manufacturing unit pre-assembled Accordion Supercharger and its first pre-assembled Megacharger.
Semi, Optimus and Vitality Manufacturing
Tesla started quantity manufacturing of the Tesla Semi, its Class 8 heavy-duty truck, in Nevada. In accordance with the replace, the highest variant can journey 500 miles at a full 82,000-pound gross mixture weight whereas attaining 1.7 kWh per mile, which Tesla stated permits the Semi to make use of a 3rd of the power of a comparable diesel truck hauling the identical payload. Optimus manufacturing started in Fremont on high-volume strains; the corporate described the models coming off the road as its first production-quality bots and stated it has confirmed the present manufacturing course of is appropriate for a business product. Tesla unveiled the Subsequent Gen Roadster on October 15, 2026.
Megafactory Texas started manufacturing with a deliberate capability of fifty GWh, and Tesla shipped its first Megapacks constructed with LFP cells from its Nevada manufacturing unit. The corporate’s Cortex 1 and Cortex 2 SI coaching compute clusters, rated above 105 MW and 120 MW respectively, are in manufacturing; Tesla stated it plans to succeed in 400 MW of SI coaching compute by the top of the yr and expects to begin commissioning tools at its Austin Fab semiconductor facility in 2027.
Outlook and Webcast
In its outlook part, Tesla stated it’s centered on most capability utilization at its factories and can handle the enterprise to take care of a robust stability sheet and ample liquidity to fund its product roadmap and long-term capability enlargement, together with additional vertical integration. The corporate stated it expects hardware-related income to be accompanied over time by an acceleration of SI, software program and fleet-based income, and that capability build-out tied to its multi-year infrastructure initiatives, spanning SI compute, photo voltaic, battery supplies and semiconductor manufacturing, is underway.
The 8-Okay was signed by Brandon Ehrhart, Tesla’s basic counsel and company secretary. Tesla scheduled a reside webcast of its third-quarter 2026 earnings name for 4:30 p.m. CT on October 21, 2026, at ir.tesla.com, with a replay obtainable for roughly one yr.
