Tesla shares fell 3.1% to $374.35 in after-hours trading after initially rising, as Musk's cautious comments on robotics and chipmaking overshadowed third-quarter results. Earnings were 48 cents per share versus 45 cents expected, and revenue was $28.05 billion versus $27.92 billion expected, while automotive gross margin excluding regulatory credits reached 18.1%, up from 15.4% a year earlier. Free cash flow turned positive at $1.53 billion, though net income absorbed a $142 million mark-to-market loss on SpaceX holdings. Musk said robotaxi is unlikely to move earnings this quarter, Optimus needs much more work, and the Terafab chip venture could cost north of $100 billion over the long term, while a SpaceX merger has no guarantee. Year to date, Tesla is down 14.1%, while the other six Magnificent Seven stocks are up between 6.6% and 26.6%.
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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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