Tesla Q3 2026: Revenue Flat, Net Income Falls 43% as Deliveries Slip

Tesla reported third-quarter 2026 revenue of $28.046 billion, nearly flat year-over-year but exceeding analyst expectations, while net income plunged 43% to $787 million. Automotive revenue fell 3% to $20.56 billion, energy generation and storage dropped 16% to $2.881 billion, but services surged 33% to $4.605 billion. Adjusted earnings per share declined to 48 cents from 50 cents. Vehicle deliveries decreased 2.1% to 486,532 units, while production rose 3.8% to 464,391 vehicles during the quarter.