On the Q3 earnings call, CEO Elon Musk said most Cybercabs will be owned by Tesla and operated as a transport-as-a-service model rather than sold to consumers. VP of Vehicle Engineering Lars Moravy said the company is trying to get Cybercabs to customers by the end of 2026, while current units built in Texas are going into its internal fleet. AI lead Ashok Elluswamy estimated that some first customer Model Ys could join the Robotaxi fleet around Q2 next year. Tesla reported revenue of $28.05 billion, above the $27.88 billion consensus, though automotive revenue fell 3% YoY to $20.56 billion. EPS of 48 cents beat the 43-cent estimate, and active FSD subscriptions reached 1.74 million, up 67% YoY. ARK Invest said the Robotaxi service could make up more than 80% of Tesla's enterprise value.
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TSLAelectric vehiclesself-driving carsElon Musk
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Related tickers and likely impact
TSLA
• NeutralTesla, Inc.
Relevance: medium
| Market | US stocks |
|---|---|
| Sector | Consumer Discretionary |
| Industry | Automobile Manufacturers |
| Market cap | $1.5T |
| Close on 10/23/2026 | 372.22 |
| Change that session | -0.63% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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