Tesla Announces Third-Quarter Financial Results
According to the company's financial report, revenue remained at $28 billion from July to September.
Tesla, the US electric vehicle manufacturer, reported a 43% year-on-year decline in net profit to $787 million in the third quarter of 2026.
According to the company's financial report, revenue remained at $28 billion from July to September. Revenue from vehicle sales fell by 3% to $20.6 billion. Tesla's earnings per share also declined from 39 cents to 22 cents. Despite these declines, the company's revenue and profit exceeded market expectations.
In the third quarter, Tesla produced 464,391 vehicles worldwide and delivered 486,532 vehicles. Production increased by 4% year-on-year, while deliveries fell by 2%. The company stated that battery supply was the main factor limiting production growth.
Tesla continues to invest in artificial intelligence, robotics and energy. The company also plans to expand its robotaxi services and develop new vehicle models.