Tesla’s energy business deployed more batteries in Q3 2026 but brought in less money. Energy generation and storage revenue fell 16% year-over-year to $2.88 billion, even though storage deployments rose 10% to 13.7 GWh.

Tesla’s shareholder letter blames the drop “partially” on “tariff-related customer refunds.” It doesn’t say how much it refunded, to which customers, or why it was accounted for as reduced revenue.

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Tesla says it now has 1.74 million active “Full Self-Driving” subscriptions, up 67% from a year ago. A footnote in its Q3 2026 shareholder letter explains how it gets there: the metric follows “our 2025 CEO Performance Award” and “includes both upfront payment and monthly subscriptions.”

So owners who bought FSD outright, some of them years ago, count as subscribers. That matters because 10 million active FSD subscriptions is one of the milestones Elon Musk has to hit to earn his 2025 pay package. It also matters because hundred of thousands of those FSD “subscribers” were sold unsupervised self-driving, which Tesla has yet to deliver.

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Tesla says battery supply, not demand, is what’s holding back its car sales. In its Q3 2026 shareholder letter, the automaker wrote that “battery availability continued to be the limiting factor in increasing auto volumes in the quarter.”

It also claims it ended Q3 with “the largest backlog for our passenger vehicles in four years.” But the numbers in the same letter don’t line up with a company that has more buyers than cars.

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Tesla (TSLA) released its financial results and shareholders’ letter for the third quarter (Q3) 2026 after market close today. We’re updating this post with all the details from the financial results, shareholders’ letter, and the conference call later tonight.

The earnings call with management is scheduled for 5:30 p.m. ET.

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Tesla reports its third-quarter 2026 financial results tomorrow, October 21, after the market closes. The earnings call follows at 5:30 p.m. ET.

Wall Street expects revenue to come in flat and earnings per share to drop 10% from a year ago, even though Tesla just beat its own delivery consensus by more than 24,000 vehicles.

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Tesla’s proxy for its 2026 annual meeting, filed today, confirms that one of its supposedly independent directors now sits on SpaceX’s board. Ira Ehrenpreis, who chairs both Tesla’s compensation committee and its governance committee, joined SpaceX’s board in February.

That’s one of several details in the filing that line up with a Tesla-SpaceX merger. There’s a three-item ballot, an auto-voting program that kicks in for the next vote, and Musk pay terms that pay out on a deal price alone.

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Tesla (TSLA) delivered 486,532 vehicles in the third quarter of 2026, down 2.1% from the record 497,099 it delivered in the same quarter last year.

That’s still about 25,000 more than Wall Street expected, with the consensus at 461,974 deliveries. Tesla also delivered about 22,000 more vehicles than it built.

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Wall Street can’t agree on how many cars Tesla (TSLA) sold in Q3 2026. Estimates from major banks range from 421,758 to 482,000 deliveries ahead of Friday’s report.

That’s a 60,000-unit spread. And after the Street missed Tesla’s Q2 deliveries by 74,000 units, nobody has much credibility on this one.

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Tesla CEO Elon Musk has spent 2026 turning his X feed into a problem no investor relations team can fix. His posts have escalated from trolling into open white nationalism, and this week his AI company sued the state of Minnesota to block a law targeting nonconsensual sexual deepfakes.

The board of a public company would have fired the CEO for just a fraction of the stuff Musk is posting these days. However, Tesla is not a normal company. Shareholders have given full control to Musk and now, they have to live with it.

Tesla has built its 10 millionth vehicle, the company announced this week. Ten million all-electric cars is a real milestone, and no other automaker has done it.

But it’s arriving later than Tesla once promised, and the company is now building well under the capacity it already has.

Tesla has closed the mysterious ~$2 billion acquisition of an AI hardware company that it first hinted at in April — and it did so, again, without naming the target or issuing a press release.

The deal was confirmed in a single passage buried in Tesla’s Q2 2026 10-Q filing, which for the first time attached a final price: $1.95 billion, paid entirely in Tesla stock and equity awards.

Tesla stock is down more than 12% today, wiping out over $140 billion in market value, after the automaker’s Q2 2026 earnings missed on profit and free cash flow turned negative.

The slide got worse during the earnings call, when Elon Musk repeated the same robotaxi and Optimus promises he’s been making for years.

Elon Musk was asked directly on Tesla’s Q2 2026 earnings call whether the company still plans to upgrade Hardware 3 (HW3) cars so they can run its latest “Full Self-Driving” software. His answer made one thing clear: Tesla still has no concrete plan.

Instead of committing to a fix, Musk floated a grab-bag of options and timelines — none of them firm — for the millions of vehicles Tesla sold with the promise that they had “all the hardware necessary” for self-driving.

Elon Musk hinted at a merger between Tesla and SpaceX on Tesla’s Q2 2026 earnings call, pointing to “more and more overlap” between the two companies he controls.

He stopped short of confirming anything, deferring to Tesla’s general counsel and “the appropriate process” — but the exchange is the closest Musk has come to addressing the merger speculation directly.

Tesla (TSLA) released its financial results and shareholders’ letter for the second quarter (Q2) 2026 after market close today. We are updating this post with all the details from the financial results, shareholders’ letter, and the conference call later tonight.

The earnings call with management is scheduled for 5:30 p.m. ET.

Tesla reports its second-quarter 2026 financial results tomorrow, July 22, after the market closes, with the earnings call to follow at 5:30 p.m. ET.

The setup is different this time. Tesla just posted its best-ever second quarter on deliveries, so now Wall Street wants to know whether all those cars actually made money.

Tesla shareholders have flooded the company’s Q2 2026 earnings Q&A portal with questions, and the most-upvoted ones tell a bleak story: retail investors are now demanding that Elon Musk explain why the company keeps missing its own short-term goals.

The tone has shifted from asking about Tesla’s grand vision to asking why almost none of it is showing up on schedule — on robotaxi, “Full Self-Driving,” and Optimus.

Tuesday’s stock-market slide was what one Wall Street strategist called a “chip-wreck.” The semiconductor companies that have led this year’s stock-market advance with triple-digit percentage gains were suddenly hit with a wave of doubts about the sustainability of the AI-driven rally. Daniel Ives, Global Head of Technology as Wedbush Securities, discusses the broader tech landscape as investors remain jittery on high-flying tech stocks. (Source: Bloomberg)

Elon Musk has exercised the entirety of his 2018 Tesla (TSLA) CEO pay package, acquiring 303,960,630 shares for a paper gain of about $116 billion, according to a new SEC filing.

But he didn’t sell a single share to do it — and the stock he received is locked up until 2028.