Tesla beats earnings and revenue estimates as auto sales revenue falls

Tesla reported third-quarter 2026 results better than expected, according to analysts polled by LSEG. Adjusted earnings per share were 48 cents, versus 43 cents estimated, and total revenue reached $28.05 billion, versus $27.9 billion expected. However, automotive revenue fell 3% year over year. The shares rose slightly in extended trading, though they are down 14% so far this year, underperforming the rest of megacap tech. A day earlier, Elon Musk said on SpaceX's quarterly call that it would be a “good idea” for the two companies to merge.…

• Adjusted EPS of 48 cents versus 43 cents estimated by analysts
• Revenue of $28.05 billion, versus $27.9 billion estimated

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