Tesla's Q3 revenue stays flat at $28 billion as profit slips 4%

Tesla reported net income of $1.69 billion on $28.0 billion revenue for the quarter ended September 2026, with revenue flat and profit down 4% from a year earlier. Automotive revenue fell 3% to $20.5 billion and energy revenue dropped 16% to $2.9 billion. Deliveries fell 2.1% after the $7,500 US federal EV tax credit expired in September 2025.