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TSLA
• NeutralTesla, Inc.
Relevance: medium
| 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.
Related news
- Tesla's Profit Drops 43% as Musk Starts Building Robots and Plans to Sell Driverless Cabs
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.
- Why Tesla Stock Dropped After Earnings
Tesla reported a decent third quarter, generating $1.5 billion in free cash flow after high capital spending had pushed it negative in the second quarter, and gross margin rose enough to beat earnings expectations. Shares still fell about 1% by 11:50 a.m. ET because investors are valuing the company on more than its EVs: at a $1.5 trillion market cap, its P/E ratio is very high. CEO Elon Musk said Tesla aims to make 5 million vehicles annually by 2030, while Optimus production has started and Megapack storage is nearly sold out. The article argues that Musk's vision of mass driverless rides would likely need to come true for the stock to move meaningfully higher, and that even merger talk with SpaceX has not been enough to lift it.
- Tesla earnings beat puts SpaceX merger speculation back in focus
Tesla reported third-quarter earnings of $0.48 per share, beating the $0.44 estimate on better automotive profitability, and cut its 2026 capex forecast to about $20 billion from $25 billion. Bank of America said more than 75% of North American customers opted for paid FSD at delivery, up from more than 55% in the second quarter, and Tesla now has over 1.7 million paid FSD users worldwide. The company is nearly sold out of Megapacks for 2027 and has started producing Optimus robots in Fremont, though reaching 20,000 units a week would take at least a year. Meanwhile, UBS said investor attention is largely focused on a potential SpaceX combination, and Tesla shares may stay sensitive to sentiment about any deal.
- Tesla’s Q3 profit falls 43% as operating costs rise
Tesla's net income attributable to common stockholders fell 42.7% year on year to $787 million in Q3 2026, while total revenue was roughly flat at $28.05 billion. Total operating expenses rose 39.2% to $4.78 billion, led by a 69.4% jump in R&D to $2.76 billion, so income from operations fell 55.8% to $718 million. Automotive revenue dropped 3%, regulatory credit revenue fell 72.9% and energy generation and storage revenue slid 15.6%, while services and other revenue rose 32.5% to $4.61 billion. Tesla said its priorities are maximizing factory utilization, maintaining liquidity, cutting manufacturing and operating costs, and expanding its software, fleet and infrastructure businesses.
- Tesla Falls 4% as Profit Shrinks and Musk Trims Sales Target; Rivian and Lucid Slip
Tesla beat earnings estimates, yet investors are selling the stock, and the reasons extend well beyond a single quarter's results. A shrinking profit, a cut spending plan, a reduced sales target and an unresolved merger question are each pulling the shares in a different direction.
- TSLA Q3 Earnings Beat on Auto Margin Gains, '26 Capex View Cut
Tesla reported adjusted Q3 2026 earnings of 48 cents per share, beating the Zacks consensus of 45 cents but down from 50 cents a year earlier, with revenue of $28.05 billion roughly flat versus $28.1 billion. Deliveries fell 2% to 486,532 vehicles, yet automotive gross margin improved to 18.5% and services and other revenue rose 33% to $4.61 billion. Active paid FSD customers climbed 67% to 1.74 million, while energy revenue fell 16% to $2.88 billion despite 13.7 GWh of storage deployments. Operating income dropped 56% to $718 million as operating expenses rose 39%, and free cash flow fell 62% to $1.53 billion as capex increased to $4.73 billion. Management trimmed its 2026 capex outlook to about $20 billion from $25 billion.
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