AI-extracted from the 10-Q filed 2026-10-22 — Q3 FY2026 (quarter ended September 30, 2026). Every figure is machine-verified against the filing text on SEC EDGAR.
Tesla's Q3 2026 revenue was $28.05B, flat year over year (-$49M), while gross margin expanded to 19.6% and R&D rose 69% on SI and Optimus programs.
Biggest Revenue Drivers
Automotive & services and other$25.17B+2% YoY
Automotive sales down 1% on about 2% fewer cash deliveries, partly offset by FX and higher FSD subscription revenue; services and other up 33%.
Energy generation and storage$2.88B-16% YoY
Tariff refunds for certain Megapack customers, lower average selling price per Megapack unit, and decreased Powerwall and solar retrofit deployments.
Biggest Revenue Drivers
Total revenue: $28.05B-0% YoY
Automotive & services and other$25.17B+2% YoY
Automotive sales down 1% on about 2% fewer cash deliveries, partly offset by FX and higher FSD subscription revenue; services and other up 33%.
Within Automotive & services and other
Automotive sales$20.09B-1% YoY
Approximately 2% decrease in cash deliveries, primarily fewer Model S and Model X deliveries after mid-2026 sunset, offset by weaker US dollar and higher FSD subscription revenue.
Services and other$4.61B+33% YoY
Increases in used vehicle sales volume and average selling price, non-warranty maintenance and collision revenue, and paid Supercharging sessions.
Energy generation and storage$2.88B-16% YoY
Tariff refunds for certain Megapack customers, lower average selling price per Megapack unit, and decreased Powerwall and solar retrofit deployments.
Largest Expense Items
Research and development$2.76B+69% YoY
Increased costs for SI and other programs such as Optimus, silicon development, battery technologies, and new vehicle programs, plus $178M higher stock-based compensation.
Selling, general and administrative$2.02B+29% YoY
Driven by a $293M increase in stock-based compensation primarily tied to the 2025 CEO Performance Award, plus facilities/software and employee costs.
Margins: Total gross margin rose to 19.6% from 18.0%, driven by higher automotive sales gross margin and improved services margin, with IEEPA tariff refunds reducing cost of revenues. Management says heavy R&D investment in SI will negatively affect profitability during this phase.
Watch Items from the Filing
Q3 operating income fell to $718M from $1,624M as R&D and SG&A growth outpaced gross profit gains.
Capital expenditures expected to exceed $20B in 2026; nine-month capex was $13.01B versus $6.13B a year earlier.
Automotive regulatory credits fell 73% to $113M, and $475M of credits revenue was reversed for contractual return of previously delivered credits.
Revenue from SpaceX Megapack sales was $221M in the quarter, with $729M accounts receivable from SpaceX at quarter end, and a $2.00B SpaceX equity investment made in March 2026.
AI-extracted and verified against SEC EDGAR filing text. Not investment advice.
142 transactions in TSLA reported by 26 members of Congress under the STOCK Act, most recent trade Aug 18, 2026. Reported transactions, not recommendations.
About Tesla, Inc. (TSLA): stock profile, AI score and financials
Tesla, Inc. (TSLA) stock profile, AI quality score, and SEC EDGAR financial data, a Consumer Discretionary sector company. 13F Pro's AI-powered ranking engine scores TSLA at 51.5/100 on a composite quality score built from its SEC filings, placing it at rank #1,540 of 2,925 stocks — the bottom half of the AI-ranked universe. TSLA scores in the top quartile across revenue scale (98.7), earnings quality (93.4). Areas of concern include revenue growth (35.7) and institutional flow (36.3), which score below median versus the broader universe. Shareholder dilution risk is elevated at 32.1/100, reflecting ongoing share issuance or stock-based compensation. Based on the latest XBRL financial filings (Q3 2026), Tesla, Inc. reports quarterly revenue of $28.0B, net income of $787.0M, an operating margin of 2.6%. Top institutional holders of TSLA by reported 13-F value include BlackRock, VANGUARD CAPITAL MANAGEMENT, STATE STREET, based on the most recent SEC filings. TSLA trades on the Nasdaq exchange and files with the SEC under CIK 1318605. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate TSLA daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for Tesla, Inc. directly from SEC EDGAR.