Tesla Q3 profit falls 43% as company cuts 2026 spending plan
Revenue was nearly flat and free cash flow reached $1.5 billion, but operating income fell 56%; shares reversed lower after hours following a regular-session gain.
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Tesla
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2 stories · latest Oct 21, 2026
Earnings scorecard
Compare with another companyLatest quarter: Jul to Sep 2026 (fiscal Q3 2026). From 10-Q filed October 22, 2026.
Revenue
$28.0B
-0.2% vs. year ago
Operating income
$718.0M
-55.8% vs. year ago
Operating margin
2.6%
5.8% a year ago
Net income
$787.0M
$1.4B a year ago
Quarters labeled by the month they end. Source: Tesla 10-Q and 10-K filings with the SEC. Fourth fiscal quarters are derived as the full fiscal year minus the first three quarters.
| $ billions | 2025 | 2026 | Change |
|---|---|---|---|
| Revenue | 28.1 | 28.0 | -0.2% |
| Operating income | 1.6 | 0.7 | -55.8% |
| Net income | 1.4 | 0.8 | -42.7% |
| Operating margin | 5.8% | 2.6% | -3.2 pts |