Tesla reported third-quarter results on October 21, and its shares fell about 3% afterward. Deliveries totaled 486,532, down 2% year over year but above analyst estimates, while vehicle sales fell 3%, revenue was roughly flat at $28 billion, and non-GAAP EPS dropped 4% to $0.48. The Full Self-Driving business was a bright spot: active FSD subscriptions rose 67% to 1.74 million, priced at $99 per month in the U.S., with an annual run rate approaching $1 billion, and the attach rate in North America exceeded 75%, up nearly 20 percentage points sequentially. The author flags risks including subscription retention, regulatory hurdles, a federal safety investigation after the Cybercab launch, and a valuation of 149.3x forward earnings. Given these uncertainties, the author remains skeptical and is cautious about Tesla stock at current levels.
Summary written by Upside AI from the original article. Read the source for full details.
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TSLAelectric vehiclesself-driving carsvaluation
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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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