Tesla published its third-quarter 2026 financial results this afternoon. Earlier in October, it reported its sales and deliveries for the three-month period, selling fewer cars than in the same quarter in 2025, yet it still beat analyst projections. Now we can see how those sales translate to the bottom line. Tesla brought in $28 billion in revenue in Q3, almost the same as in 2025.

Automotive revenues were $20.6 billion, a 3 percent decrease year over year. Perhaps more troubling is the decline in revenue from solar panels and storage batteries—this line of business had been growing, but for Q3 revenue fell 16 percent year over year to $2.9 billion. Services and other revenues, though, which include parts and Supercharger use, grew by a third to $4.6 billion.

But the company—like the rest of us—has seen its expenses go up. Operating expenses rose by 39 percent to $4.8 billion, dropping the company’s operating margin to just 2.6 percent; in Q3 2025, Tesla’s margin was 5.8 percent. Net profit fell to $787 million, down 43 percent year over year. What’s more, capital expenditures were up by 110 percent to $4.7 billion, and free cash flow was down 62 percent to $1.5 billion.

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As the smoke clears from its outrageous Roadster demo, Tesla reported Q3 earnings on Wednesday - and the cold reality is that revenue has flatlined.

Tesla said it earned $1.7 billion in net income on $28.0 billion in revenue in the quarter that ended in September 2026. Revenues were flat, while profits dropped 4 percent compared to the third quarter of 2025, when the company earned $1.4 billion in net income on $28.1 billion in revenue. Tesla's revenue came in above Wall Street expectations of $27.9 billion, according to data compiled by LSEG. Tesla's own company-compiled expectations predicted Q3 revenues of $28.3 billion.

The earnings …

Read the full story at The Verge.

Elon Musk said Tuesday that he would like to see the consolidation of his business empire by formally merging his two largest companies, SpaceX and Tesla.

"Do I think it would be a good idea? Yes," Musk said of a potential merger. He was speaking during a question-and-answer period as part of SpaceX's third-quarter earnings call. Musk said, ultimately, it not his decision. "But at the end of the day the shareholders have to be supportive of this."

Musk's talk of a merger comes after a busy year in which SpaceX already acquired Musk's artificial intelligence firm, xAI, in February. In June, SpaceX went public with the largest initial public offering on record.

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Elon Musk said Tuesday that he would like to see the consolidation of his business empire by formally merging his two largest companies, SpaceX and Tesla.

"Do I think it would be a good idea? Yes," Musk said of a potential merger. He was speaking during a question-and-answer period as part of SpaceX's third-quarter earnings call. Musk said, ultimately, it not his decision. "But at the end of the day the shareholders have to be supportive of this."

Musk's talk of a merger comes after a busy year in which SpaceX already acquired Musk's artificial intelligence firm, xAI, in February. In June, SpaceX went public with the largest initial public offering on record.

Read full article

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