Tesla (TSLA) reported Q3 2026 revenue of $28.05 billion, in line with analyst expectations but flat year on year. Non-GAAP EPS of $0.48 beat consensus by 6.3%. Gross margin rose to 19.6% from 18%, while operating margin fell to 2.6% from 5.8%, and market capitalization stood at $1.53 trillion. Management attributed demand to growing FSD adoption, with over 75% of North American deliveries including a paid FSD sign-up, and to the highest vehicle backlog in four years. Operating expenses are expected to keep rising until Optimus, Megapack 3 and the Semi reach commercialization.
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TSLAearningselectric vehiclesartificial intelligence
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Related tickers and likely impact
TSLA
• NeutralTesla, Inc.
Relevance: low
| Market | US stocks |
|---|---|
| Sector | Consumer Discretionary |
| Industry | Automobile Manufacturers |
| Market cap | $1.4T |
| Close on 10/22/2026 | 374.58 |
| Change that session | -3.08% |
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