Tesla, Inc. · NASDAQ:TSLA
Tesla — Q3 2026 Earnings Presentation
33 slides from Tesla's earnings presentation, Oct 21, 2026
Slide 1: Q3 2026 Update
Q3 2026 Update TESLA
Slide 2: Highlights Financial Summary Operational Summary
Highlights 03 Financial Summary 04 Operational Summary 05 Manufacturing & Hardware 06 Supporting Infrastructure 07 SI & Other Services 08 Outlook 09 Photos & Charts 10 Key Metrics 23 Financial Statements 26 Additional Information 32 2
Slide 3: Highlights Summary
HIGHLIGHTS SUMMARY Profitability $0.7B GAAP operating income In Q3, we maintained strong momentum on many projects spanning Super Intelligence (SI), robotics and renewable energy that will be critical to building a future of Amazing Abundance. Strength in our core business also continued, and we ach
Slide 4: Financial Summary
FINANCIAL SUMMARY (Unaudited) ($ in millions, except percentages and per share data) Q3-2025 Q4-2025 Q1-2026 Q2-2026 Q3-2026 YoY Total automotive revenues 21,205 17,693 16,234 20,516 20,560 -3% Energy generation and storage revenue 3,415 3,837 2,408 3,139 2,881 -16% Services and other revenue 3,475
Slide 5: Operational Summary
OPERATIONAL SUMMARY (Unaudited) Q3-2025 Q4-2025 Q1-2026 Q2-2026 Q3-2026 YoY Model 3/Y production 435,826 422,652 394,611 442,936 457,387 5% Other models production 11,624 11,706 13,775 8,822 7,004 -40% Total production(1) 447,450 434,358 408,386 451,758 464,391 4% Model 3/Y deliveries 481,166 406,58
Slide 6: Manufacturing & Hardware
MANUFACTURING & HARDWARE Installed Annual Manufacturing Capacity Automotive Region Product Capacity Status We achieved record quarterly deliveries in several markets, including Canada, Australia, Automotive Japan and Taiwan. Given the strong demand we are seeing across various markets, we California
Slide 7: Supporting Infrastructure
SUPPORTING INFRASTRUCTURE Installed Capacity SI Compute Region Asset Capacity Status We plan to reach 400 MW of SI training compute by the end of the year, supporting the SI Training Compute1 development of both vehicle and humanoid robot autonomy software. Additionally, we Texas Cortex 1 >105 MW Pr
Slide 8: SI & Other Services
SI & OTHER SERVICES FSD (Supervised)1 16.0 FSD Miles on V12 and Beyond FSD Miles on V11 and Before FSD adoption continued to increase during the quarter, including record net new 14.0 subscriptions. We also achieved record FSD attach rates in North America, with over 75% of 12.0 new deliveries inclu
Slide 9: Outlook
OUTLOOK Volume We are focused on maximum capacity utilization at our factories. Deliveries and deployments will be impacted by aggregate demand for our products, supply chain readiness and allocation decisions between sale to customers and use for our owned and operated fleet. Cash We will manage th
Slide 10: Photos & Charts
PHOTOS & CHARTS
Slide 11: Roadster – The Best of the Last Human-Driven Cars
ROADSTER – THE BEST OF THE LAST HUMAN–DRIVEN CARS 11
Slide 12: Roadster – The Best of the Last Human-Driven Cars
ROADSTER – THE BEST OF THE LAST HUMAN–DRIVEN CARS 12
Slide 13: Robotaxi – Cybercab Austin Launch
ROBOTAXI – CYBERCAB AUSTIN LAUNCH 13
Slide 14: Robotaxi – Cybercab Austin Launch
ROBOTAXI – CYBERCAB AUSTIN LAUNCH 14
Slide 15: Robotaxi – Cybercab Austin Launch
ROBOTAXI – CYBERCAB AUSTIN LAUNCH 15
Slide 16: FSD (Supervised) – Approved in Nine European Countries
FSD(SUPERVISED)1 – APPROVED IN NINE EUROPEAN COUNTRIES 16 (1) Active driver supervision required; does not make the vehicle autonomous.
Slide 17: Tesla Semi – Doing Hard Work
TESLA SEMI – DOING HARD WORK 17
Slide 18: Tesla Semi – High-Volume Production Line
TESLA SEMI – HIGH–VOLUME PRODUCTION LINE 18
Slide 19: Tesla Semi – High-Volume Production Launch Event
TESLA SEMI – HIGH–VOLUME PRODUCTION LAUNCH EVENT 19
Slide 20: Megafactory Texas – Start of Production
MEGAFACTORY TEXAS – START OF PRODUCTION 20
Slide 21: Megafactory Texas – Start of Production
MEGAFACTORY TEXAS – START OF PRODUCTION 21
Slide 22: Austin Fab – Construction of Our Semiconductor Manufacturing Facility
AUSTIN FAB – CONSTRUCTION OF OUR SEMICONDUCTOR MANUFACTURING FACILITY 22
Slide 23: Key Metrics Quarterly
KEY METRICS QUARTERLY (Unaudited) 0.5 7 8 6 7 0.4 5 6 4 5 0.3 3 2 4 0.2 1 3 0 2 0.1 -1 1 -2 0.0 -3 0 1Q-2024 1Q-2024 1Q-2024 1Q-2025 1Q-2026 1Q-2025 1Q-2026 1Q-2025 1Q-2026 2Q-2024 3Q-2024 4Q-2024 2Q-2024 3Q-2024 4Q-2024 2Q-2024 3Q-2024 4Q-2024 4Q-2023 2Q-2025 3Q-2025 4Q-2025 2Q-2026 3Q-2026 4Q-2023
Slide 24: Key Metrics Trailing Twelve Months
KEY METRICS TRAILING 12 MONTHS (TTM) (Unaudited) 2.0 20 20 1.8 18 18 1.6 16 16 1.4 14 14 1.2 12 12 1.0 10 10 0.8 8 8 0.6 6 6 0.4 4 4 0.2 2 2 0.0 0 0 1Q-2024 1Q-2024 1Q-2024 1Q-2025 1Q-2026 1Q-2025 1Q-2026 1Q-2025 1Q-2026 2Q-2024 3Q-2024 4Q-2024 2Q-2024 3Q-2024 4Q-2024 2Q-2024 3Q-2024 4Q-2024 4Q-2023
Slide 25: Key Metrics Year-over-Year Financial Summary
KEY METRICS YEAR–OVER–YEAR FINANCIAL SUMMARY Revenue Total quarterly revenue was roughly flat YoY at $28.0B. YoY, revenue was impacted by the following items(1): - decrease in Energy Generation and Storage, partially due to tariff-related customer refunds - lower vehicle average selling price (ASP)
Slide 26: Financial Statements
FINANCIAL STATEMENTS
Slide 27: Statement of Operations
STATEMENT OF OPERATIONS (Unaudited) In millions of USD or shares as applicable, except per share data Q3-2025 Q4-2025 Q1-2026 Q2-2026 Q3-2026 REVENUES Automotive sales 20,359 16,750 15,473 20,006 20,094 Automotive regulatory credits 417 542 380 146 113 Automotive leasing 429 401 381 364 353 Total au
Slide 28: Balance Sheet
BALANCE SHEET (Unaudited) In millions of USD 30-Sep-25 31-Dec-25 31-Mar-26 30-Jun-26 30-Sep-26 ASSETS Current assets Cash, cash equivalents and short-term investments 41,647 44,059 44,743 43,524 45,447 Accounts receivable, net 4,703 4,576 3,959 4,087 4,636 Inventory 12,276 12,392 14,434 13,752 14,09
Slide 29: Statement of Cash Flows
STATEMENT OF CASH FLOWS (Unaudited) In millions of USD Q3-2025 Q4-2025 Q1-2026 Q2-2026 Q3-2026 CASH FLOWS FROM OPERATING ACTIVITIES Net income 1,389 856 491 1,128 804 Adjustments to reconcile net income to net cash provided by operating activities: Depreciation, amortization and impairment 1,625 1,6
Slide 30: Reconciliation of GAAP to Non-GAAP Financial Information
RECONCILIATION OF GAAP TO NON–GAAP FINANCIAL INFORMATION (Unaudited) In millions of USD or shares as applicable, except per share data Q3-2025 Q4-2025 Q1-2026 Q2-2026 Q3-2026 Net income attributable to common stockholders (GAAP) 1,373 840 477 1,114 787 Stock-based compensation expense, net of tax 45
Slide 31: Reconciliation of GAAP to Non-GAAP Financial Information
RECONCILIATION OF GAAP TO NON–GAAP FINANCIAL INFORMATION (Unaudited) In millions of USD 1Q-2023 2Q-2023 3Q-2023 4Q-2023 1Q-2024 2Q-2024 3Q-2024 4Q-2024 1Q-2025 2Q-2025 3Q-2025 4Q-2025 1Q-2026 2Q-2026 3Q-2026 Net cash provided by operating activities (GAAP) 2,513 3,065 3,308 4,370 242 3,612 6,255 4,8
Slide 32: Additional Information
ADDITIONAL INFORMATION WEBCAST INFORMATION Tesla will provide a live webcast of its third quarter 2026 financial results conference call beginning at 4:30 p.m. CT on October 21, 2026 at ir.tesla.com. This webcast will also be available for replay for approximately one year thereafter. CERTAIN TERMS
Slide 33: 1
1