Tesla stock
Tesla reported its third--quarter 2026 financial results on October 21, 2026, delivering non--GAAP earnings per share of $0.48, beating analyst consensus estimates of $0.45, while revenue remained essentially flat year--over--year at $28.05 billion. GAAP net income fell 43% year--over--year to $787 million and operating income declined 56% to $718 million—bringing operating margin down to 2.6%—weighed down by a 39% increase in operating expenses driven by accelerated investments in artificial intelligence and robotics R&D, alongside a 73% drop in automotive regulatory credit sales to $113 million. Free cash flow came in at $1.53 billion, significantly ahead of Wall Street projections of a cash burn, as quarterly capital expenditures of $4.73 billion came in below expectations. Consequently, management lowered its full--year 2026 capital expenditure target to approximately $20 billion from prior guidance exceeding $25 billion. In corporate disclosures, the company confirmed that its annual shareholder meeting is scheduled for December 3, 2026.