Tesla reported third-quarter adjusted earnings of $0.48 per share, above the $0.45 analysts expected, yet its stock fell 3% to $375 as investors focused on the outlook for the coming year. Automotive gross margin excluding regulatory credits rose to 18.1% from 15.4%, free cash flow reached $1.5 billion, and active paid FSD customers grew 67% to 1.74 million. GAAP net income fell 43% to $787 million as operating expenses rose 39%, mostly on R&D, while revenue was flat at $28.0 billion. Tesla cut its 2026 capex guidance to about $20 billion from more than $25 billion, and Elon Musk said Optimus would take at least a year, maybe longer, to reach 20,000 robots a week. The article notes Tesla traded at 185x forward earnings before the drop, well above its five-year average of 108x, so the stock depends heavily on Optimus progress.
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Related tickers and likely impact
TSLA
▼ Likely negativeTesla, Inc.
Relevance: medium
| Market | US stocks |
|---|---|
| Sector | Consumer Discretionary |
| Industry | Automobile Manufacturers |
| Market cap | $1.5T |
| Close on 10/22/2026 | 374.58 |
| Change that session | -3.08% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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