Tesla · The Verge
Flying Roadsters can’t lift Tesla’s flat Q3 revenues
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Flat revenue and a 4 percent profit drop show that no amount of rocket thrusters can disguise Tesla’s troubles.
Key facts
- Tesla said it earned $1.7 billion in net income on $28.0 billion in revenue in the quarter that ended in September 2026
- Revenues were flat, while profits dropped 4 percent compared to the third quarter of 2025, when the company earned $1.4 billion in net income on $28.1 billion in revenue
- Operating expenses, the day to day costs of running Tesla’s business, was up 39 percent year over year to $4.8 billion, while its income from operations, the profit Tesla generates
- But the company only spent $13 billion in the first three quarters of the year, suggesting that Tesla may fall short of that $25 billion target
Summary
As the smoke clears from its outrageous Roadster demo, Tesla reported Q3 earnings on Wednesday, and the cold reality is that revenue has flatlined. Tesla said it earned $1.7 billion in net income on $28.0 billion in revenue in the quarter that ended in September 2026. The earnings come on the heels of a disappointing Q3 sales report, in which Tesla reported a 2.1 percent drop in customer deliveries compared to the blockbuster third quarter of 2025. (For a direct-to-consumer company like Tesla, deliveries are a proxy for sales.