Tesla
What matters nowUpdated 23 h ago
- Tesla delivered 486,532 vehicles in Q3 2026 on production of 464,391, about 5% above the company-compiled consensus of 461,974; deliveries were up 1% from Q2 and down 2% from the record 497,099 in Q3 2025. Storage deployments were 13.7 GWh.
- Earnings: Q3 2026 results come after the close on Wednesday, October 21, with the Q&A webcast at 5:30 p.m. ET. China-made sales were 95,366 in September, per CPCA data, with no domestic/export split given.
- FSD in Europe: the EU Technical Committee on Motor Vehicles held no vote on FSD (Supervised) on October 6, so the next possible decision is December. Tesla renamed the feature "Tesla Assisted Driving" on European websites after Germany's transport ministry called the old name misleading.
- Chips and Optimus: Elon Musk said Tesla halved the AI5 chip's memory to 72GB and cut AI6 by a third to support Optimus volume. Musk also said Tesla and SpaceX would build and run the Terafab chip complex themselves.
- Next: Q3 results on October 21, the second-generation Roadster unveil (scheduled for October 15; our records hold no outcome yet), the Q4 and full-year 2026 deliveries report around January 2, 2027, and Q4 results around January 27, 2027 (estimated). Watch automotive gross margin, energy storage growth and robotaxi and Optimus timelines.
Tesla designs, manufactures and sells electric vehicles and energy storage systems, and operates a global charging network. Its FY2025 10-K reports total revenue of $94.8 billion, split across an automotive segment (73% of revenue), energy generation and storage (13%) and services and other (13%). Investors increasingly price the company on robotaxi, humanoid robot and AI plans in addition to the car and energy business.↗ source
How it makes money
Tesla earns most of its revenue from selling vehicles (automotive sales, regulatory credits and leasing). Energy generation and storage sales (Megapack, Powerwall, solar) come second, and services and other (service, charging, used vehicles, insurance and software) third. Its strategy is to add higher-margin software and autonomy revenue (FSD subscriptions, robotaxi) and new products (Cybercab, Optimus, Semi) on top of the car and energy base.
Last 12 monthsChart & venues →
Valuation & fundamentalsFull financials →
TTM through 2026-06-30 from SEC filings↗ (some quarters derived from annual and year-to-date figures). Ratios use our pooled 24/7 price. Quarterly statements →
Biggest businessesAll products & projects →
Model 3 and Model Y
Core volume product: 478,237 Model 3/Y deliveries in Q3 2026, up 2.2% on Q2 2026. Q3 financials are due October 21, 2026.
Next: Tesla reports Q3 2026 financial results after market close · 2026-10-21
Cybertruck
Sold in the US and selected markets. Tesla reports it only inside the Other Models line, so there is no separate Cybertruck count.
Energy storage (Megapack and Powerwall)
Deployments are at record levels (13.7 GWh in Q3 2026), but Megapack 3 has lost its 2026 volume-production target.
Next: Megapack 3 and Megablock production planned at Megafactory Houston in 2026 · 2026-01-28
Supercharger network
Tesla's DC fast-charging network, now open to other automakers in many markets. 82,357 connectors at the end of Q2 2026.
Latest newsAll news →
Tesla unveils next-generation Roadster at SpaceX Texas test site; Musk targets 2028 production, no price set
Tesla unveiled the long-delayed next-generation Roadster at an event at a SpaceX test site in Texas on October 15.
CPCA: Tesla sold 95,366 China-made vehicles in September 2026
China's CPCA data, as reported by Newsquawk on October 9, 2026, put Tesla's September sales of China-made vehicles at 95,366.
Tesla renames FSD (Supervised) to 'Tesla Assisted Driving' on European websites
Tesla's European websites now call its driver-assistance software 'Tesla Assisted Driving' instead of 'Full Self-Driving (Supervised)'.
EU committee holds no FSD vote on Oct 6; Reuters reports Tesla pressed Dutch regulator
The EU Technical Committee on Motor Vehicles did not vote on Tesla's FSD (Supervised) application on October 6, so the next possible decision is December.
Tesla Q3 2026 deliveries 486,532 beat 461,974 consensus; storage 13.7 GWh
Tesla delivered 486,532 vehicles in Q3 2026 on production of 464,391, beating the company-compiled consensus of 461,974 by about 5%.
Tesla sets Q3 2026 results for October 21 after the close, webcast 5:30 p.m. ET
Tesla's October 2 production and deliveries release fixed the date for its third-quarter 2026 financial results: after market close on Wednesday, October 21, 2026.
Products & businesses
Model 3 and Model Y
Core volume product: 478,237 Model 3/Y deliveries in Q3 2026, up 2.2% on Q2 2026. Q3 financials are due October 21, 2026.
Next: Tesla reports Q3 2026 financial results after market close · 2026-10-21
Cybertruck
Sold in the US and selected markets. Tesla reports it only inside the Other Models line, so there is no separate Cybertruck count.
Energy storage (Megapack and Powerwall)
Deployments are at record levels (13.7 GWh in Q3 2026), but Megapack 3 has lost its 2026 volume-production target.
Next: Megapack 3 and Megablock production planned at Megafactory Houston in 2026 · 2026-01-28
Supercharger network
Tesla's DC fast-charging network, now open to other automakers in many markets. 82,357 connectors at the end of Q2 2026.
Full Self-Driving (Supervised)
Subscription-only in the US since February 14, 2026. Provisionally approved in the Netherlands in April 2026 and in several other EU countries since, but there is no EU-wide approval yet.
Semi
High-volume line in Sparks, Nevada launched September 24, 2026, and Tesla says deliveries start now. The 2026 volume target was dropped in July.
Next: 2026 volume production target for Semi dropped · 2026-07-22
What it's building next
Model S and Model X
Tesla announced the end of production on January 28, 2026. The Fremont lines are being converted to Optimus production.
Robotaxi
Tesla's Q2 2026 letter says Robotaxi is live in seven major metros. Austin, Dallas, Houston and Miami are the clearest launches, and Orlando and Tampa are small pilots. Fleets are small and Tesla does not disclose fleet sizes.
Next: Tesla's 1H 2026 plan for seven metros not met by June 30 · 2026-06-30
Cybercab
Production started per Tesla's Q2 2026 letter. The letter no longer targets volume production in 2026, and no new date was given.
Next: Volume production in 2026 no longer targeted · 2026-07-22
Optimus
First-generation production lines are being installed at Fremont in anticipation of production in 2026. Tesla dropped 'volume production' language in July and no V3 reveal is confirmed yet.
Next: Start of Optimus production planned before end of 2026 · 2026
Roadster
Unveil moved from October 1 to October 15, 2026, citing weather. Production is guided for 2027 or 2028.
Next: Roadster unveil set for October 1 · 2026-10-01
Terafab
Chip fab joint venture with SpaceX. The initial investment is $16.8 billion in Grimes County, Texas, and Intel has joined.
Segments
| Segment | Revenue | Share | |
|---|---|---|---|
| Automotive↗ Vehicle sales (Model 3, Model Y, Cybertruck, Model S/X, Semi), regulatory credit sales and vehicle leasing. In 2025 it was $69.5B: vehicle sales $65.8B, regulatory credits $2.0B, leasing $1.7B. Segment gross profit was $12.4B in 2025. | $69.53B | 73.3% | |
| Energy generation and storage↗ Sales and leasing of Megapack, Powerwall and solar products. Revenue rose 27% in 2025 to $12.8B, and the segment earns a higher gross margin than the automotive segment: gross profit was $3.8B in 2025 (about 30%). 46.7 GWh was deployed in 2025. | $12.77B | 13.5% | |
| Services and other↗ Vehicle service and repair, Supercharger charging, used-vehicle sales, insurance and software. Revenue grew 19% in 2025 to $12.5B. | $12.53B | 13.2% |
Fiscal 2025 · from the annual report
Valuation & fundamentals
TTM through 2026-06-30 from SEC filings↗ (some quarters derived from annual and year-to-date figures). Ratios use our pooled 24/7 price.
Financial statements
| Metric | TTM | Q2 FY2026↗ 2026-06-30 | Q1 FY2026↗ 2026-03-31 | Q4 FY2025↗ 2025-12-31 | Q3 FY2025↗ 2025-09-30 | Q2 FY2025↗ 2025-06-30 | Q1 FY2025↗ 2025-03-31 | Q4 FY2024↗ 2024-12-31 | Q3 FY2024↗ 2024-09-30 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | $103.62B | $28.24B +26% | $22.39B +16% | $24.90Bd -3% | $28.09B +12% | $22.50B -12% | $19.34B -9% | $25.71Bd +2% | $25.18B +8% |
| Gross profit | $19.53B | $4.75B +23% | $4.72B +50% | $5.01Bd +20% | $5.05B +1% | $3.88B -15% | $3.15B -15% | $4.18Bd -6% | $5.00B +20% |
| Operating income | $4.37B | $398.0M -57% | $941.0M +136% | $1.41Bd -11% | $1.62B -40% | $923.0M -42% | $399.0M -66% | $1.58Bd -23% | $2.72B +54% |
| Net income | $3.80B | $1.11B -5% | $477.0M +17% | $840.0Md -61% | $1.37B -37% | $1.17B -16% | $409.0M -71% | $2.13Bd -73% | $2.17B +17% |
| EPS (diluted) | $1.08 | $0.32 -3% | $0.13 +8% | $0.24d -61% | $0.39 -37% | $0.33 -18% | $0.12 -71% | $0.61d -73% | $0.62 +17% |
| Operating cash flow | $18.68B | $4.70Bd +85% | $3.94B +83% | $3.81Bd -21% | $6.24Bd -0% | $2.54Bd -30% | $2.16B +791% | $4.81Bd +10% | $6.25Bd +89% |
| Capital expenditure | $12.92B | $5.79Bd +142% | $2.49B +67% | $2.39Bd -14% | $2.25Bd -36% | $2.39Bd +5% | $1.49B -46% | $2.78Bd +21% | $3.51Bd +43% |
| Cash & equivalents | $15.22B | $15.22B | $16.60B | $16.51B | $18.29B | $15.59B | $16.35B | $16.14B | $18.11B |
| Total debt | $7.72B | $7.72B | $7.64B | $6.58B | $5.61B | $4.99B | $5.08B | $5.54B | $5.28B |
| Shares outstanding | 3.95B | 3.95B | 3.75B | 3.75B | 3.32B | 3.22B | 3.22B | 3.22B | 3.21B |
| Metric | FY2025↗ 2025-12-31 | FY2024↗ 2024-12-31 | FY2023↗ 2023-12-31 | FY2022↗ 2022-12-31 |
|---|---|---|---|---|
| Revenue | $94.83B -3% | $97.69B +1% | $96.77B +19% | $81.46B |
| Cost of revenue | $77.73B -3% | $80.24B +1% | $79.11B +31% | $60.61B |
| Gross profit | $17.09B -2% | $17.45B -1% | $17.66B -15% | $20.85B |
| Research & development | $6.41B +41% | $4.54B +14% | $3.97B +29% | $3.08B |
| Operating income | $4.36B -38% | $7.08B -20% | $8.89B -35% | $13.66B |
| EBIT | $4.36B -38% | $7.08B -20% | $8.89B -35% | $13.66B |
| Pre-tax income | $5.28B -41% | $8.99B -10% | $9.97B -27% | $13.72B |
| Depreciation & amortization | $5.03B +22% | $4.12B +24% | $3.33B +38% | $2.42B |
| Interest expense | $338.0M -3% | $350.0M +124% | $156.0M -18% | $191.0M |
| Income tax | $1.42B -23% | $1.84B | −$5.00B -542% | $1.13B |
| Net income | $3.79B -46% | $7.09B -53% | $15.00B +19% | $12.56B |
| EPS (diluted) | $1.08 -47% | $2.04 -53% | $4.30 +19% | $3.62 |
| Diluted shares (weighted) | 3.53B | 3.50B | 3.48B | 3.48B |
| Operating cash flow | $14.75B -1% | $14.92B +13% | $13.26B -10% | $14.72B |
| Capital expenditure | $8.53B -25% | $11.34B +27% | $8.90B +24% | $7.16B |
| Cash & equivalents | $16.51B | $16.14B | $16.40B | $16.25B |
| Long-term debt (incl. current portion) | $6.58B | $5.54B | $2.68B | $1.03B |
| Total debt | $6.58B | $5.54B | $2.68B | $1.03B |
| Total assets | $137.81B | $122.07B | $106.62B | $82.34B |
| Total liabilities | $54.94B | $48.39B | $43.01B | $36.44B |
| Shareholders' equity | $82.14B | $72.91B | $62.63B | $44.70B |
| Shares outstanding | 3.75B | 3.22B | 3.19B | 3.16B |
From XBRL data in SEC filings; the ↗ on each period opens the filing it was read from. Small figures under each value: change vs the same period a year earlier. d = derived (e.g. Q4 = full year − first nine months).
NewsFull archive →
Tesla unveils next-generation Roadster at SpaceX Texas test site; Musk targets 2028 production, no price set
Tesla unveiled the long-delayed next-generation Roadster at an event at a SpaceX test site in Texas on October 15.
CPCA: Tesla sold 95,366 China-made vehicles in September 2026
China's CPCA data, as reported by Newsquawk on October 9, 2026, put Tesla's September sales of China-made vehicles at 95,366.
Tesla renames FSD (Supervised) to 'Tesla Assisted Driving' on European websites
Tesla's European websites now call its driver-assistance software 'Tesla Assisted Driving' instead of 'Full Self-Driving (Supervised)'.
EU committee holds no FSD vote on Oct 6; Reuters reports Tesla pressed Dutch regulator
The EU Technical Committee on Motor Vehicles did not vote on Tesla's FSD (Supervised) application on October 6, so the next possible decision is December.
Tesla Q3 2026 deliveries 486,532 beat 461,974 consensus; storage 13.7 GWh
Tesla delivered 486,532 vehicles in Q3 2026 on production of 464,391, beating the company-compiled consensus of 461,974 by about 5%.
Tesla sets Q3 2026 results for October 21 after the close, webcast 5:30 p.m. ET
Tesla's October 2 production and deliveries release fixed the date for its third-quarter 2026 financial results: after market close on Wednesday, October 21, 2026.
Musk says Tesla halved AI5 chip memory to 72GB and cut AI6 by a third for Optimus
Elon Musk posted on X on October 1, 2026 that Tesla had cut the RAM on its AI5 chip in half, to 72GB of LPDDR5, and reduced AI6 to 144GB of LPDDR6.
Tesla secures $30B in new credit lines for Cybercab, Optimus and Semi
Tesla announced $30 billion of new credit facilities on September 29, 2026: a $20 billion three-year delayed-draw term loan from Citibank and an $8 billion five-year revolver from Wells Fargo, plus a $2 billion 364-day revolver.
Seven EU countries adopt Dutch FSD approval; EU-wide vote not before December
Electrive reported on September 28, 2026 that seven EU countries have adopted the Dutch approval of FSD (Supervised) for their own roads.
Tesla moves Roadster unveil from October 1 to October 15, citing weather
Tesla pushed its Roadster demo from October 1 to October 15, 2026, citing severe weather at the outdoor SpaceX test site in McGregor, Texas.
Tesla launches high-volume Semi production in Nevada; deliveries start
Tesla held a launch event for high-volume Semi production at its Sparks, Nevada factory on September 24, 2026, and said deliveries start now.
Tesla sets October 1 for second-generation Roadster unveil
Tesla posted on X on September 12, 2026 that it would unveil the second-generation Roadster on October 1, with a '10.01' graphic and the words 'Go for launch'.
Tesla's Vaibhav Taneja sells 2,606 shares at $360.13 to cover RSU taxes
A Form 4 filed September 9, 2026 shows 6,539 restricted stock units vesting for Vaibhav Taneja on September 5.
NHTSA examines Tesla's Cybercab self-certification after the Sept. 3 launch event
NHTSA opened an audit of the process and technical data Tesla relied on when it self-certified the Cybercab as compliant with federal safety standards.
NHTSA recall 26V558: 19 Model Y front lateral link fasteners may be under-tightened
Tesla reported recall 26V558 to NHTSA on September 1, 2026, covering 19 2026 Model Y vehicles.
Nevada approves robotaxi permits for Tesla, Waymo and Uber in Clark County
Nevada's Transportation Authority unanimously approved commercial robotaxi permits covering Clark County, which includes Las Vegas, for Tesla, Waymo and Uber.
Tesla files plans for $10.1B Project Crystal Sun solar cell factory in Texas
A Texas Comptroller tax-incentive application shows Tesla planning a $10.1B solar cell factory near Richmond in Fort Bend County, codenamed Project Crystal Sun.
SpaceX and Tesla announce $16.8 billion first phase of Terafab chip plant in Texas
Tesla and SpaceX announced the first phase of Terafab, a semiconductor plant in Grimes County, Texas, with $16.8 billion of initial investment.
Tesla and SpaceX commit $16.8B to first phase of Terafab in Grimes County
Tesla and SpaceX said on August 6, 2026 that they would invest $16.8 billion in the first phase of Terafab, now sited in Grimes County, Texas, outside Houston.
NHTSA opens preliminary probe into about 1.2 million Tesla Model 3 and Model Y over suspension
NHTSA opened a preliminary evaluation covering about 1.2 million Tesla vehicles, 2018 to 2020 Model 3 and 2021 to 2023 Model Y, reported on July 31, 2026.
Tesla shares fall 15% on July 23, the biggest one-day drop since March 2025
Tesla shares fell 15% in New York on Thursday, July 23, the steepest one-day decline since March 2025, after Q2 profit fell well short of Wall Street estimates.
Tesla reports fiscal Q2 2026 results: revenue $28.24B, up 26% from a year earlier
Tesla filed a Form 8-K with the SEC on Jul 22, 2026, 4:35 PM ET, reporting an event dated Jul 22, 2026.
Tesla Q2 2026 revenue $28.2B (+26%) but non-GAAP EPS $0.33 and gross margin 16.8%
Tesla reported Q2 2026 revenue of $28.2B, up 26%, but margins fell: GAAP gross margin was 16.8% and automotive gross margin ex-credits was 16.3%.
Tesla drops 2026 volume-production targets for Cybercab, Semi and Megapack 3
Tesla's Q2 2026 letter no longer targets 'volume production' of Cybercab, Semi and Megapack 3 in 2026, after saying in January they would reach it that year.
Tesla Q2 2026 update: FSD (Supervised) approved in Lithuania, Estonia, Denmark and Belgium
Tesla's Q2 2026 update letter says it received further FSD (Supervised) approvals in Lithuania, Estonia, Denmark and Belgium after the Dutch approval.
Musk says Tesla and SpaceX have 'more and more overlap' but no merger talk
On the Q2 2026 call Musk said there was 'more and more overlap' between Tesla and SpaceX, but that combining the companies could not be discussed on the call and needed an appropriate process.
Tesla starts Robotaxi pilots in Orlando and Tampa, a day before Q2 earnings
Tesla brought unsupervised Model Y robotaxis to Orlando and Tampa on July 21, 2026, one day before its Q2 earnings call.
Florida AG asks appeals court to erase Tesla's $243M Autopilot verdict
Florida Attorney General James Uthmeier filed a brief on July 9, 2026 in Tesla's 11th Circuit appeal of the $243 million Autopilot verdict, joined by Alabama and Georgia.
NHTSA recall 26V445: 2026 Model Y and 2024 Model 3 built for export lack knee airbags
Tesla reported recall 26V445 to NHTSA on July 7, 2026, covering 15 potentially affected vehicles: 2026 Model Y and 2024 Model 3 cars originally built for a foreign market.
Tesla opens small Robotaxi zone in Miami, excluding downtown and the airport
Tesla's Robotaxi account shared a Miami service map on July 3, 2026 covering mostly West Miami and a strip toward Doral.
SEC filings
| Oct 2, 26 | 8-K | 8-K: Results of Operations (Item 2.02) | sec.gov ↗ |
| Sep 29, 26 | 8-K | 8-K: Material Agreement, Agreement Terminated, New Financial Obligation (Items 1.01, 1.02, 2.03) | sec.gov ↗ |
| Sep 9, 26 | 4 | Form 4: Taneja Vaibhav (Chief Financial Officer) — option exercise 6,539 sh, open-market sale 2,606 sh | sec.gov ↗ |
| Sep 8, 26 | 144 | Form 144: Notice of proposed insider sale | sec.gov ↗ |
| Jul 22, 26 | 10-Q | 10-Q: Quarterly report for the period ended Jun 30, 2026 | sec.gov ↗ |
| Jul 22, 26 | 8-K | 8-K: Results of Operations (Item 2.02) | sec.gov ↗ |
| Jul 2, 26 | 8-K | 8-K: Results of Operations (Item 2.02) | sec.gov ↗ |
| Jun 17, 26 | 4 | Form 4: Musk Elon (CEO, Director, 10% Owner) — option exercise 303,960,630 sh, tax withholding 17,531,857 sh | sec.gov ↗ |
| Jun 17, 26 | SCHEDULE 13G/A | SCHEDULE 13G/A: Passive ownership report (5%+) (amended) | sec.gov ↗ |
| Jun 9, 26 | 4 | Form 4: Taneja Vaibhav (Chief Financial Officer) — option exercise 6,538 sh, open-market sale 2,606 sh | sec.gov ↗ |
| Jun 8, 26 | 144 | Form 144: Notice of proposed insider sale | sec.gov ↗ |
| May 29, 26 | SD | SD: Specialized disclosure (conflict minerals) | sec.gov ↗ |
| May 15, 26 | 4 | Form 4: Taneja Vaibhav (Chief Financial Officer) — option exercise 3,000 sh, open-market sale 3,000 sh | sec.gov ↗ |
| May 13, 26 | 144 | Form 144: Notice of proposed insider sale | sec.gov ↗ |
| May 4, 26 | 4 | Form 4: Wilson-Thompson Kathleen (Director) — option exercise 40,948 sh, open-market sale 26,409 sh | sec.gov ↗ |
| Apr 30, 26 | 10-K/A | 10-K/A: Annual report for the fiscal year ended Dec 31, 2025 (amended) | sec.gov ↗ |
| Apr 30, 26 | 144 | Form 144: Notice of proposed insider sale | sec.gov ↗ |
| Apr 30, 26 | SCHEDULE 13G | SCHEDULE 13G: Passive ownership report (5%+) | sec.gov ↗ |
| Apr 24, 26 | S-8 | S-8: Employee plan share registration | sec.gov ↗ |
| Apr 23, 26 | SCHEDULE 13G/A | SCHEDULE 13G/A: Passive ownership report (5%+) (amended) | sec.gov ↗ |
| Apr 23, 26 | 4 | Form 4: Musk Elon (CEO, Director, 10% Owner) — disposition to issuer 96,000,000 sh | sec.gov ↗ |
| Apr 22, 26 | 10-Q | 10-Q: Quarterly report for the period ended Mar 31, 2026 | sec.gov ↗ |
| Apr 22, 26 | 8-K | 8-K: Results of Operations (Item 2.02) | sec.gov ↗ |
| Apr 2, 26 | 4 | Form 4: Zhu Xiaotong (SVP) — option exercise 20,000 sh | sec.gov ↗ |
| Apr 2, 26 | 8-K | 8-K: Results of Operations (Item 2.02) | sec.gov ↗ |
Insider trades, 12 months
| Date | Insider | Type | Shares | Price | Value |
|---|---|---|---|---|---|
| 2026-09-08 | Taneja Vaibhav Chief Financial Officer | Sale | 2.6K | $360.13 | $938.4K |
| 2026-06-08 | Taneja Vaibhav Chief Financial Officer | Sale | 2.6K | $402.20 | $1.0M |
| 2026-05-13 | Taneja Vaibhav Chief Financial Officer | Sale 10b5-1 plan | 3.0K | $450.00 | $1.4M |
| 2026-04-30 | Wilson-Thompson Kathleen Director | Sale 10b5-1 plan | 26.4K | $378.11 | $10.0M |
| 2026-03-30 | Wilson-Thompson Kathleen Director | Sale 10b5-1 plan | 25.8K | $359.33 | $9.3M |
| 2026-03-06 | Taneja Vaibhav Chief Financial Officer | Sale | 2.3K | $397.03 | $899.1K |
| 2026-02-25 | Wilson-Thompson Kathleen Director | Sale 10b5-1 plan | 25.7K | $415.56 | $10.7M |
| 2026-01-02 | MURDOCH JAMES R Director | Sale 10b5-1 plan | 60.0K | $445.40 | $26.7M |