Tesla's Q3 revenues flatline

Tesla reported twenty eight billion dollars in revenue for the quarter ending September twenty twenty-six, flat compared to the same quarter last year. Net income rose to one point seven billion dollars.

Profits drop despite revenue beat

Tesla's profits fell four percent year over year to one point seven billion dollars, even though revenues beat Wall Street expectations of twenty seven point nine billion dollars.

Car sales drop after tax credit expires

Tesla's automotive revenues fell three percent to twenty point five billion dollars as customer deliveries dropped two point one percent.

Energy business takes a hit

Energy generation and storage revenue plummeted sixteen percent year over year to two point nine billion dollars.

Massive spending on AI and robotics

Tesla's capital spending soared one hundred ten percent year over year to four point seven billion dollars as the company invests in AI, autonomous vehicles, and robotics.

“a massive capex year”

Operating profit collapses

Tesla's income from operations fell fifty six percent year over year to just seven hundred eighteen million dollars, while operating expenses rose thirty nine percent to four point eight billion dollars.

Roadster demo and merger talks ahead

Tesla revealed a redesigned Roadster prototype in Waco, Texas, featuring flying and flipping using cold-gas thrusters from SpaceX.

“a good idea”