Tesla Q3 revenue holds near $28 billion as operating profit falls 56%
- Tesla (NASDAQ:TSLA) reported third-quarter 2026 revenue of $28.046 billion, roughly unchanged year over year, while operating income fell 56% to $718 million.
- Vehicle deliveries declined approximately 2% to 486,532, while energy storage deployments increased 10% to 13.7 GWh, according to Tesla's official production and delivery report.
- Tesla reported operating cash flow of $6.3 billion and free cash flow of $1.5 billion, while expanding its Cybercab Robotaxi operations, FSD adoption and battery manufacturing capacity.
Tesla (NASDAQ:TSLA) reported third-quarter 2026 revenue of $28.046 billion, roughly flat year over year, as weaker automotive performance pressured operating profitability.
Operating income declined 56% to $718 million, reducing operating margin to 2.6%, while reported diluted earnings fell to $0.22 per share from $0.39.
Vehicle deliveries decreased approximately 2% to 486,532 units from 497,099 a year earlier, despite Tesla producing 464,391 vehicles during the quarter.
Energy storage deployments increased approximately 10% to 13.7 gigawatt-hours, reflecting continued expansion in Tesla's battery storage business.
Operating cash flow reached $6.3 billion and free cash flow totaled $1.5 billion, while cash and investments increased sequentially to $45.4 billion.
Tesla said active Full Self-Driving subscriptions, including upfront purchases, increased 67% to 1.74 million, while Cybercab began providing Robotaxi rides in Austin in September.
The company also began production at Megafactory Texas, with planned annual capacity of 50 gigawatt-hours, although battery availability continued limiting vehicle volume growth.
