Tesla deployed 13.7 GWh of energy storage in the third quarter, about 2.2 GWh short of the 15.9 GWh analysts expected, even though vehicle deliveries beat estimates. That was up 9.6% from 12.5 GWh a year earlier but roughly flat with 13.5 GWh in the second quarter. Energy brought in about 11% of revenue, yet its gross margin fell from 39.5% in the first quarter to 20.4% in the second, while Tesla’s operating margin was just 1.4% that quarter. The Wall Street Journal reported on Oct. 15 that Mike Snyder, who ran energy and charging, has stepped down, with AJ Booth reportedly taking over. Analysts expect third-quarter revenue of $28.25 billion and operating income of $946 million, and the article says management’s answer on the 5:30 p.m. ET call will show whether the shortfall is timing or a slowdown.
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▼ Likely negativeTesla, Inc.
Relevance: medium
| Market | US stocks |
|---|---|
| Sector | Consumer Discretionary |
| Industry | Automobile Manufacturers |
| Market cap | $1.5T |
| Close on 10/23/2026 | 372.22 |
| Change that session | -0.63% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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