Tesla profits drop 43% in Q3
Summary
Tesla’s profits fell by 43% in the third quarter of 2026 compared to the same time in 2025. While the company made about the same amount of money overall, expenses rose sharply and revenues from solar panels, storage batteries, and regulatory credits declined.Key Facts
- Tesla earned $28 billion in revenue in Q3 2026, nearly unchanged from Q3 2025.
- Automotive revenues dropped 3% to $20.6 billion compared to last year.
- Revenue from solar panels and storage batteries fell 16% to $2.9 billion.
- Service-related revenues, including parts and Supercharger use, increased by one-third to $4.6 billion.
- Operating expenses grew by 39% to $4.8 billion, reducing the operating margin from 5.8% to 2.6%.
- Net profit decreased by 43% to $787 million year over year.
- Capital expenditures more than doubled to $4.7 billion, while free cash flow fell 62% to $1.5 billion.
- Revenue from regulatory credits dropped from $417 million to $113 million as other automakers now produce their own electric vehicles.
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