Tesla's third-quarter net income fell 43% to $787 million from a year earlier, as revenue held flat at $28.05 billion, operating profit dropped 56% to $718 million, and deliveries fell about 2%. Research spending rose 69% to $2.76 billion and capital expenditures more than doubled to $4.73 billion, aimed at humanoid robots and driverless taxis. Tesla has begun producing Optimus robots in Fremont, California, where Musk targets 20,000 a week but says that will take at least a year, with outside deliveries around the end of 2027. Tesla aims to get Cybercabs to customers by the end of 2026, though every one built so far goes to its own robotaxi fleet, no buyer or price has been named, and a federal safety audit is open. Musk also said the Tesla and SpaceX boards have formed committees to study a possible combination, but no terms have been agreed.
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TSLAElon Muskelectric vehiclesearnings
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Related tickers and likely impact
TSLA
▼ Likely negativeTesla, Inc.
Relevance: high
| 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.
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