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Tesla Q3 2026: revenue in line, non-GAAP EPS slightly above estimates
Tesla reported third-quarter 2026 results with total revenues of $28.095 billion, versus $28.34 billion expected. Non-GAAP EPS was $0.50 against $0.45 expected, with an operating margin of 5.8% (expected: 2.5%) and operating income of $1.624 billion. Free cash flow was $3.99 billion, compared with an expected figure of about -$4.51 billion. The company said the FSD (Supervised) attach rate exceeded 75% of new vehicle deliveries in North America, nearly twenty percentage points higher sequentially.…
- Operating margin of 5.8% versus 2.5% expected; operating income of $1.624 billion.
- FSD (Supervised) attach rate topped 75% of North American deliveries, up nearly 20 points.
🔎 Why it matters: Tesla attributes part of demand to FSD (Supervised) in markets where it is available; the attach rate topped 75% in North America, and operating margin was 5.8% versus 2.5% expected.
📈 Upside: The Tesla Semi entered volume production; according to Tesla, at 1.7 kWh per mile it uses one-third the energy of a comparable diesel truck.
📉 Risk: Tesla continues working with regulators to approve FSD in other markets, with no timeline given in the text, and the 400 MW SI training compute target for year-end remains pending.
🤖 Editorial summary of the cited source, with AI-assisted analysis -- not HgYperDrive original reporting. The original source is linked above for verification. More on how this works: editorial policy →