Tesla reported $1.7 billion in net income for the third quarter of 2026 on 21 October. The company generated $28.0 billion in revenue for the period ending 30 September.
Wall Street analysts anticipated $27.9 billion in revenue, while the company had predicted $28.3 billion. Profits fell by 4 percent compared to the $1.4 billion in net income recorded during the third quarter of 2025.
Revenue in the previous year's third quarter stood at $28.1 billion. Customer deliveries dropped by 2.1 percent relative to the third quarter of 2025.
The $7,500 federal tax credit for electric vehicles ended on 30 September 2025. Elon Musk described the current period as "a few rough quarters."
Tesla and SpaceX established special committees to deliberate on a potential merger, which Musk called a "good idea." The company re-revealed the next-generation Tesla Roadster during a demonstration in Waco, Texas.
SpaceX provided the cold-gas thrusters used for the Roadster prototype. Tesla stated the Roadster is scheduled to enter production in 2028.
