09:17 - 22.10.2026

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October 22, Fineko/abc.az. US electric vehicle maker Tesla released its financial results for Q3 2026, reporting a 43% year-on-year drop in net profit to $787 million, while revenue remained flat at $28 billion.

The company's automotive revenue declined 3% to $20.6 billion compared to the same period last year, when net profit stood at $1.4 billion. Earnings per share fell from $0.39 to $0.22. Although global vehicle production grew 4% to 464,391 units, deliveries dipped 2% to 486,532 vehicles.

Tesla highlighted battery supply constraints as the primary factor limiting production growth during the quarter.