Tesla's third-quarter revenue was roughly flat at $28.05 billion, while gross margin rose from 16.8% to 19.6% and operating margin nearly doubled to 2.6%. The company posted surprise positive free cash flow of $1.53 billion on capex of $4.73 billion, and cut its full-year capex guidance to about $20 billion from more than $25 billion. Active FSD subscriptions rose to 1.74 million from 1.48 million, and unsupervised Robotaxi miles reached 3.3 million, while management said battery availability rather than demand was the limiter on vehicle volumes and set a goal of 5 million vehicles a year by 2030. Tesla hopes to roll out unsupervised FSD to customer-owned vehicles in Q2 next year, but the author notes that this target has slipped many times and the feature is geofenced for now.
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TSLAelectric vehiclesearningsartificial intelligence
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Related tickers and likely impact
TSLA
▲ Likely positiveTesla, Inc.
Relevance: high
| Market | US stocks |
|---|---|
| Sector | Consumer Discretionary |
| Industry | Automobile Manufacturers |
| Market cap | $1.4T |
| Close on 10/21/2026 | 386.47 |
| Change that session | +3.41% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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