Tesla reported flat Q3 2026 revenue of $28 billion with net income of $1.7 billion, slightly above Wall Street estimates but below its own guidance. Profits dipped 4% year-over-year despite revenue coming in higher than analyst expectations of $27.9 billion.
Background
Tesla is preparing for the highly anticipated Roadster launch and a potential SpaceX merger, but its core EV business faces margin pressures from increasing competition and price cuts.
- Source
- The Verge
- Published
- Oct 22, 2026 at 04:22 AM
- Score
- 5.0 / 10