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โข Adj. EPS: ~$0.48 (Est. $0.45) โ .
โข Revenue: $28.05B (Est. $28.25B) โ, -0.2% YoY.
โข GAAP EPS: $0.22 (vs. $0.39 YoY).
โข GAAP Net Income: $787M, -43% YoY.
โข Operating Income: $718M, -56% YoY.
โข Operating Margin: 2.6% (vs. 5.8% YoY).
โข Automotive Revenue: $20.56B, -3% YoY.
โข Energy Revenue: $2.88B, -16% YoY.
โข Services & Other Revenue: $4.61B, +33% YoY.
โข Operating Cash Flow: $6.3B.
โข Free Cash Flow: $1.5B.
โข Cash & Investments: $45.4B.
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โข Q3 revenue missed consensus by ~0.7%, while operating income plunged 56% YoY amid higher AI, robotics and R&D spending.
โข Tesla delivered 486,532 vehicles, -2% YoY, while production increased 4% to 464,391 vehicles.
โข FSD subscriptions surged 67% YoY to 1.74M, with FSD attach rates exceeding 75% of new North American deliveries.
โข Tesla launched Cybercab Robotaxi rides in Austin on September 3, with cumulative unsupervised miles increasing eightfold QoQ.
โข Energy storage deployments reached 13.7 GWh, +10% YoY, while Megafactory Texas began production with planned capacity of 50 GWh.
โข Tesla reported its largest passenger vehicle backlog in four years and began production of Tesla Semi in Nevada and Optimus in Fremont.
โข Cash and investments rose $1.9B QoQ to $45.4B, supported by $1.5B in free cash flow.
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๐ฌ ๐๐๐ง๐๐ ๐๐ฆ๐๐ง๐ญ ๐๐จ๐ฆ๐ฆ๐๐ง๐ญ๐๐ซ๐ฒ
โWe maintained strong momentum on many projects spanning Super Intelligence (SI), robotics and renewable energy that will be critical to building a future of Amazing Abundance.โ