Tesla reported revenue of just over $28 billion and EPS of $0.48, beating estimates of $27.9 billion and $0.43, but investors balked at a lowered 2026 spending outlook of $20 billion, down from around $25 billion, largely funded from operating cash flow. Per-car production costs fell for a second straight quarter, from $37,748 in Q2 to $36,077 in Q3, and gross profit per delivery rebounded from $7,213 to $7,864. Average selling prices have dropped since the first quarter, partly reflecting more sales of the lower-cost Model 3. The article sees modest but encouraging progress in Tesla's EV profitability, which could allow the business to stand on its own while Tesla pursues robotaxi and robotics ventures.
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TSLAelectric vehiclesearningsartificial intelligence
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Related tickers and likely impact
TSLA
▲ Likely positiveTesla, Inc.
Relevance: low
| Market | US stocks |
|---|---|
| Sector | Consumer Discretionary |
| Industry | Automobile Manufacturers |
| Market cap | $1.5T |
| Close on 10/26/2026 | 391.69 |
| Change that session | +5.23% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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