✅ Trusted source
FSD
FSD
Tesla Q3 2026: US$28B revenue, GAAP net income down 43%
Tesla reported revenue of US$28.0 billion in the third quarter of 2026, roughly flat from a year earlier, after delivering 486,532 vehicles. GAAP net income fell 43% to US$787 million, and GAAP EPS was US$0.22, compared with US$0.39. Operating expenses rose 39%, driven by SI projects, stock-based compensation and SG&A, which cut operating income by 56%. GAAP gross margin improved to 19.6%. Services and other revenue grew 33% to US$4.6 billion, while automotive revenue fell 3%.…
- Revenue of US$28.0B, roughly flat; GAAP net income down 43% to US$787M.
- Active FSD subscriptions reached 1.74 million, up 67% year over year.
- Free cash flow US$1.5B, down 62%; capex tops US$4.7B.
🔎 Why it matters: GAAP net income fell 43% to US$787 million while operating expenses rose 39% on SI projects. Tesla did not publish numeric delivery or financial guidance in this report.
📈 Upside: GAAP gross margin rose to 19.6% from 18.0% a year earlier, and services revenue grew 33% to US$4.6 billion.
📉 Risk: Free cash flow fell 62% to US$1.5 billion while capital expenditures more than doubled to US$4.7 billion.
🤖 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 →