Tesla (TSLA) shares closed on October 26 at 394.3 times trailing twelve-month profit, compared with 22.9 times for the S&P 500. In the twelve months to September 30, 2026, Tesla booked $4.3 billion of stock-based pay expense, more than its $3.22 billion net income, the first time in five years that this has happened. The gap came as quarterly revenue held at $28.0 billion while operating costs rose, pushing operating income down to $0.718 billion from $1.86 billion a year earlier. Net cash stood at $28.8 billion at the end of September, compared with about $27.8 billion a year earlier, and management said it does not plan to draw on the new credit lines in 2026. The company projects about $20 billion of capital spending for 2026, which it plans to fund mainly from operating cash flow.
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Related tickers and likely impact
TSLA
• NeutralTesla, Inc.
Relevance: low
| Market | US stocks |
|---|---|
| Sector | Consumer Discretionary |
| Industry | Automobile Manufacturers |
| Market cap | $1.5T |
| Close on 10/26/2026 | 391.69 |
| Change that session | +5.23% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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