On its Q3 2026 earnings call on October 21, 2026, Tesla said vehicle demand exceeds production capacity and automotive order backlogs reached their highest level in four years. Revenue from recurring Full Self-Driving (FSD) subscriptions is also growing. Vice President of AI Ashok Elluswamy said the Cybercab will expand beyond Austin, Texas, with a launch in Dallas next month alongside Model Y robotaxis, and that the first customer vehicles could join the robotaxi fleet around Q2 next year. Elon Musk said a merger with SpaceX is off the table for now, while CFO Vaibhav Taneja said capital expenditures will continue to rise over the next few years.
Summary written by Upside AI from the original article. Read the source for full details.
Read the original on Yahoo Finance ↗
Keywords
Teslaelectric vehiclesElon Muskearningsmergers and acquisitions
Open a keyword to see other news on the same topic.
Related tickers and likely impact
TSLA
• NeutralTesla, Inc.
Relevance: low
| Market | US stocks |
|---|---|
| Sector | Consumer Discretionary |
| Industry | Automobile Manufacturers |
| Market cap | $1.4T |
| Close on 10/21/2026 | 386.55 |
| Change that session | +3.44% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
Related news
- SpaceX Revenue Projections Look Wildly Optimistic Based on Elon Musk's Forecasting Track Record
Elon Musk targets $1 trillion in SpaceX revenue by 2030 (possibly 2029) and $3.5 trillion around 2033, versus roughly $18.7 billion recorded in 2025. The article argues these estimates should be viewed skeptically, as Musk has a history of overly optimistic forecasts: he predicted 1 million Tesla robotaxis by 2020, but there are currently 300 to 400 active. Tesla's electric semi-truck, originally slated for 2019, only began high-scale production last month, while the Cybertruck was estimated to sell 250,000 units annually but sold about 20,000 last year. Although SpaceX may grow strongly through its AI business, rocket launches and Starlink, the article says reaching Musk's sales targets would be an almost unbelievable achievement.
- Tesla Promises Its Flying Roadster For 2028, but MKBHD Has One Question: ‘This Is A Prank, Right?’
Tesla unveiled its Roadster on Thursday, with cold-gas thrusters sourced from Space Exploration Technologies Corp. enabling barrel rolls and hovering, and promised shipments in 2028. YouTuber Marques Brownlee (MKBHD) questioned the claims, pointing to the car's weight of over 4,000 pounds and asking if it was a prank; he had reserved a Roadster for $50,000 before cancelling, saying Tesla had held his money for eight years. Sam Altman also cancelled a reservation but says he has not received the $50,000 he paid, a claim Musk denied. Analyst Dan Ives said the debut could make the Tesla–SpaceX relationship more tangible, Ross Gerber called a merger between the companies 'obvious,' and Gene Munster described the car as an 'engineering flex' with no economic value for the company.
- Musk's Tesla jumps 32 spots on the Roundtable 100 after 'flying car' reveal
- Ross Gerber Dismisses Elon Musk’s Tesla Roadster as a ‘Marketing' Demo: ‘Old Hot Wheels Dream’
Investor Ross Gerber said on Sunday that he saw Tesla's Roadster unveiling as a marketing and promotional demonstration, not the imminent launch of a flying car as he had initially expected. In an X post, he said the event made clear it was “a marketing demonstration from an old hot wheels dream of Elon’s.” Musk responded that owners would be able to have the Roadster perform the shown tricks autonomously, as it will be “sentient,” and that Tesla will build a looping track at its Texas HQ for testing. The debut also fueled speculation about a SpaceX–Tesla merger, which Gerber and Dan Ives considered obvious, while Barclays analyst Dan Levy said such a proposal could be presented to investors as early as December this year.
- Ron DeSantis says Tesla's flying Roadster will be legal in Florida — and could 'leapfrog golf carts in the Villages'
Florida Governor Ron DeSantis said he will ensure Tesla's flying Roadster is legal in the state, joking it could 'leapfrog golf carts in The Villages.' His comments followed Elon Musk's October 15 unveiling at a SpaceX facility in Texas, where a Roadster accelerated up a ramp, became airborne, rotated 180 degrees and landed on its wheels. Production is not expected to begin until 2028 at the earliest, and Tesla has not announced a price for the flying Rocket version, while a conventional Roadster can be reserved with a $5,000 deposit. The article notes that state approval alone cannot make the vehicle street-legal or cleared for flight, since NHTSA and the FAA oversee federal safety rules, and insurers still face questions about coverage for airborne use and liability between manufacturer, driver and operator.
- Flying Teslas and SpaceX stock giveaways: What's Elon Musk up to?
Yahoo Finance Executive Editor Brian Sozzi shares his takeaways from a week of activity by Elon Musk, founder of SpaceX (SPCX) and Tesla (TSLA). During this period, Musk introduced the world's first flying car and announced a SpaceX stock giveaway for every child in America.
Related markets
Latest news
- Optics Stocks Tumble as Tech Selloff Deepens Ahead of Earnings: Coherent Tumbles 12%, Applied Optoelectronics Drops 10%, Lumentum Falls 9%
Optical networking stocks that drove the AI data-center rally fell sharply as a broader tech selloff deepened ahead of earnings. Coherent (COHR) traded at $209.82, down 12%, Applied Optoelectronics (AAOI) fell 10% to $69.30, and Lumentum (LITE) dropped 9% to $770.53. The Roundhill Photonics & Optics ETF (LYTE) lost 10%, while the Invesco QQQ Trust (QQQ) fell only 2%, suggesting group-wide caution. The article notes these shares still sit higher for the year, and Lumentum's CEO said its data center optical components are sold out for years. Quarterly reports from the three companies arriving in coming weeks will show whether capacity can keep pace with demand.
- Does SpaceX’s $8 Billion Spectrum Deal Mean Verizon’s Q3 Earnings Don’t Really Matter?
Verizon reports third-quarter results on October 26, days after SpaceX announced a roughly $8 billion deal for nationwide 800 MHz spectrum, which the author says makes the report more important. Last quarter, Verizon beat with adjusted EPS of $1.30 against a $1.27 consensus, while revenue fell 0.7% to $34.25 billion as equipment revenue dropped nearly 20% on a deliberate pullback on subsidies. The core business improved, with 184,000 postpaid phone net adds, churn at 0.92%, and a record 40.1% adjusted EBITDA margin, and full-year adjusted EPS guidance was raised to $4.99 to $5.04. The author will watch whether service revenue growth nears 3% in Q3 and about 4% in Q4, and whether consumer postpaid phone churn of 84 basis points holds as SpaceX's service is expected to start in early 2028 after the deal closes in the first half of 2027.
- Altimeter’s Gerstner: Scale wins superintelligence race as SpaceX plans $400B compute buildout
Altimeter Capital CEO Brad Gerstner says whoever has the most scale, capital, compute and data will win the race to superintelligence, as SpaceX (NASDAQ:SPCX) closed at $159.31 on October 21, up 7.79%, after reporting third-quarter revenue of $14.60 billion. He says Elon Musk plans 10 GW of computing power next year, about 25% of U.S. capacity additions and roughly $400 billion of capital, with SpaceX now installing 200,000 GB300 chips a month. Gerstner sees a possible merger with Tesla (NASDAQ:TSLA) mainly as a way to finance that spending, and he argues that lenders value standard NVIDIA GPUs more easily than custom chips, giving NVIDIA pricing power when credit is tight. The article warns that SPCX shareholders bear spending, depreciation and execution risks at a $2.10 trillion market cap.
- Bloom Energy Sinks 9% as Pre-Earnings Rally Reverses; FuelCell Drops 6%, Plug Power Falls 3%
Bloom Energy (NYSE:BE) shares fell 9% to $218.09 in afternoon trading, giving back their October 21 gain as caution builds ahead of its third-quarter 2026 report. FuelCell Energy (NASDAQ:FCEL) dropped 6% to $12.36 and Plug Power (NASDAQ:PLUG) fell 3% to $1.37, with the Global X Hydrogen ETF (NASDAQ:HYDR) down 4% and SPDR S&P 500 ETF Trust (NYSEARCA:SPY) off 1%. The article links the size of each drop to how heavily each company depends on data center demand, since Bloom Energy sells fuel cell systems for on-site data center power while FuelCell builds utility-scale plants and Plug Power focuses on hydrogen for warehouse and industrial users. After a large run this year, Bloom Energy's expectations are elevated, and its report will show whether margins keep pace with data center demand.
- Could a Tesla-SpaceX merger really be the next big move for Elon Musk?
Two speakers discuss a possible Tesla-SpaceX merger and the outlook for Tesla stock. Speaker A argues that SpaceX, which he calls a vertically integrated AI company, would make a powerful combination, and says he will keep focusing on Tesla's Megapack business, which is sold out in utility-grade battery storage, as well as Optimus. He says he bought in at about $100 a share three years ago and sees volatility as a friend given his long-term perspective. Speaker B views Tesla's recent results as mixed to negative, with profit down over 40%, flat revenue, and better free cash flow mainly because capital spending was cut. He says Tesla is behind Waymo in autonomous driving (800 versus 8,000) and behind China in humanoid robots, and suggests a merger could be interesting and might benefit Tesla shareholders.
- Behind Vingroup's appeal: The lead bird driving Vietnam's stock market
Vingroup (VIC) shares rose more than 11% over two consecutive sessions, adding over 40 points to the VN-Index, while the Vingroup group (VIC, VHM, VPL, VRE) contributed 54 points, or 80% of the index's gain over those two sessions. On October 22 alone, foreign investors net bought VND 240 billion of VIC, the largest on the exchange, and VND 160 billion of VHM. This inflow follows FTSE Russell's upgrade of Vietnam to secondary emerging market status from September 21, with emerging-market ETFs potentially investing over USD 2 billion through September 2027, nearly USD 1 billion of which could go to VIC and VHM. The article also cites private-sector growth prospects, the government's goal of double-digit GDP growth for 2026–2030, and State Bank of Vietnam measures to lower lending and deposit rates as supportive factors for large conglomerates like Vingroup.
Get the briefing on Telegram or Zalo
Join the Upside Telegram channel or Zalo group for the Vietnam stocks and gold briefing at 8:00 and 19:00 (Vietnam time) on trading days, plus a weekly wrap on Saturday morning.