Tesla's Q3 revenue stays flat at $28.0 billion as profit falls 4 percent

Summary

Tesla reported third-quarter earnings on Wednesday for the quarter that ended in September 2026, showing $1.7 billion in net income on $28.0 billion in revenue. Revenue was flat and profit dropped 4 percent, according to The Verge, which said the results came as the company's Roadster demonstration drew attention. The Financial Times reports that Tesla's revenue was flat and its profits fell as the company pivots from electric vehicles to AI, and that Elon Musk has set a lower sales target for Tesla as it explores a merger with SpaceX.

Timeline

1. The Verge

   21 Oct 2026, 20:22 UTCSource ↗

   The Verge reports that Tesla's Q3 earnings showed $1.7 billion in net income on $28.0 billion in revenue for the quarter ended September 2026, with revenue flat and profit down 4 percent.

2. Financial Times

   21 Oct 2026, 23:30 UTCSource ↗

   The Financial Times reports that Tesla's revenue was flat and profits fell as it pivots from electric vehicles to AI, and that Musk has set a lower sales target as the company explores a SpaceX merger.