Tesla Reports Third-Quarter 2026 Financial Results

Tesla reported third-quarter 2026 revenue of $28 billion, unchanged from the previous year, while net income decreased by 42.7% to $787 million. The company increased capital spending to $4.7 billion, more than double last year's amount, focusing on future technologies such as robotics and AI. Despite a decline in regulatory credit and energy storage revenues, auto sales improved in certain markets, although Tesla noted that significant work is still needed to achieve its long-term goals.