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Tesla Reports 43% Net Income Decline as Third-Quarter Revenue Misses

Revenue was $28.046 billion, down $49 million year over year; adjusted diluted earnings per share reached 48 cents, above the 45-cent analyst consensus.

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Electric vehicles arrive outside Tesla's headquarters in Austin, Texas, beneath an overcast morning sky. / TokenPost.ai (macro)
Electric vehicles arrive outside Tesla's headquarters in Austin, Texas, beneath an overcast morning sky. / TokenPost.ai (macro)

Tesla's third-quarter update showed a 43% decline in net income attributable to common stockholders; revenue also missed analyst consensus, while adjusted diluted earnings per share exceeded estimates.

Tesla's Third Quarter 2026 Update, attached to a Form 8-K filed Wednesday, put revenue at $28.046 billion versus $28.095 billion a year earlier, a decrease of $49 million. The figure was $295 million below the $28.341 billion analyst consensus.

The update put net income attributable to common stockholders at $787 million, compared with $1.373 billion a year earlier. Adjusted diluted earnings per share were 48 cents, above the 45-cent analyst consensus.

For the operating-income and free-cash-flow figures, see EconoTimes' earlier report on Tesla's operating income and cash flow.

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