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 1 Exhibit 99.1
Slide 2: Contents
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: Summary Highlights
S U M M A R YH I G H L I G H T S (1) Refer to the Reconciliation of GAAP to Non–GAAP Financial Information slide (2) Free cash flow = operating cash flow less capex; (3) Includes cash, cash equivalents and short-term investments; (4)Active driver supervision required; does not make the vehicle auton
Slide 4: Financial Summary
F I N A N C I A L S U M M A R Y (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 - Energy generation and storage revenue 3,415 3,837 2,408 3,139 2,881 - Services and other reven
Slide 5: Operational Summary
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 Other models production 11,624 11,706 13,775 8,822 7,004 - Total production(1) 447,450 434,358 408,386 451,758 464,391 4% Model 3/Y deliveries 481,166 406,585 341,893 467,762 478,237 - Other mode
Slide 6: Manufacturing & Hardware
M A N U F A C T U R I N G & H A R D W A R E Installed Annual Manufacturing Capacity Region Product Capacity Status Automotive California Model 3 / Model Y >550,000 Production Shanghai Model 3 / Model Y >950,000 Production Berlin Model Y >375,000 Production Texas Model Y >375,000 Production Cybertruc
Slide 7: Supporting Infrastructure
S U P P O R T I N G I N F R A S T R U C T U R E Installed Capacity Region Asset Capacity Status SI Training Compute1 Texas Cortex 1 >105 MW Production Cortex 2 >120 MW Production Battery Cell Manufacturing Annual Capacity Nevada LFP 7 GWh Early Ramp Texas 4680 >40 GWh Production Cathode Materials 10
Slide 8: SI & Other Services
S I & O T H E R S E R V I C E S Cumulative Unsupervised Robotaxi Miles Cumulative Miles Driven with FSD (Supervised)1 (billions) 8 (1) Active driver supervision required; does not make the vehicle autonomous. FSD (Supervised)1 FSD adoption continued to increase during the quarter, including record n
Slide 9: Outlook
O U T L O O K 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 man
Slide 10: Photos & Charts
P H O T O S & C H A R T S
Slide 11: Roadster – The Best of the Last Human-Driven Cars
11 R O A D S T E R – T H E B E S T O F T H E L A S T H U M A N – D R I V E N C A R S
Slide 12: Roadster – The Best of the Last Human-Driven Cars
12 R O A D S T E R – T H E B E S T O F T H E L A S T H U M A N – D R I V E N C A R S
Slide 13: Robotaxi – Cybercab Austin Launch
13 R O B O T A X I – C Y B E R C A B A U S T I N L A U N C H
Slide 14: Robotaxi – Cybercab Austin Launch
14 R O B O T A X I – C Y B E R C A B A U S T I N L A U N C H
Slide 15: Robotaxi – Cybercab Austin Launch
15 R O B O T A X I – C Y B E R C A B A U S T I N L A U N C H
Slide 16: FSD (Supervised) – Approved in Nine European Countries
F S D ( S U P E R V I S E D ) 1 – A P P R O V E D I N N I N E E U R O P E A N C O U N T R I E S 16 (1) Active driver supervision required; does not make the vehicle autonomous.
Slide 17: Tesla Semi – Doing Hard Work
T E S L A S E M I – D O I N G H A R D W O R K 17
Slide 18: Tesla Semi – High-Volume Production Line
T E S L A S E M I – H I G H – V O L U M E P R O D U C T I O N L I N E 18
Slide 19: Tesla Semi – High-Volume Production Launch Event
19 T E S L A S E M I – H I G H – V O L U M E P R O D U C T I O N L A U N C H E V E N T
Slide 20: Megafactory Texas – Start of Production
M E G A F A C T O R Y T E X A S – S T A R T O F P R O D U C T I O N 20
Slide 21: Megafactory Texas – Start of Production
M E G A F A C T O R Y T E X A S – S T A R T O F P R O D U C T I O N 21
Slide 22: Austin Fab – Construction of Our Semiconductor Manufacturing Facility
A U S T I N F A B – C O N S T R U C T I O N O F O U R S E M I C O N D U C T O R M A N U F A C T U R I N G F A C I L I T Y 22
Slide 23: Key Metrics Quarterly
Vehicle Deliveries (millions of units) K E Y M E T R I C S Q U A R T E R L Y (Unaudited) Operating Cash Flow ($B) Free Cash Flow ($B) (1) Net Income ($B) (2) Adjusted EBITDA ($B) (2) (3) 23 (1) Beginning in Q1'25, Capital expenditures is presented inclusive of purchases of energy generation and stor
Slide 24: Key Metrics Trailing 12 Months (TTM)
Operating Cash Flow ($B) Free Cash Flow ($B) (1) K E Y M E T R I C S T R A I L I N G 1 2 M O N T H S ( T T M ) (Unaudited) Net Income ($B) (2) Adjusted EBITDA ($B) (2) (3) Vehicle Deliveries (millions of units) 24 (1) Beginning in Q1'25, Capital expenditures is presented inclusive of purchases of en
Slide 25: Revenue and Profitability Commentary
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) (excl. FX impact1), inclusive of mix impact -
Slide 26: Financial Statements
F I N A N C I A L S T A T E M E N T S
Slide 27: Income Statement
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 automotive revenues 21,205 17,693 16,2
Slide 28: Balance Sheet
B A L A N C E S H E E T (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
Slide 29: Cash Flow Statement
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 1,643 1,590 1,619 1,852 Stock-based com
Slide 30: Reconciliation of GAAP to Non-GAAP Financial Information
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 459 682 803 989 982 Digital assets unrealized (gain) loss, net of tax (
Slide 31: Reconciliation of GAAP to Non-GAAP Financial Information
R E C O N C I L I A T I O N O F G A A P T O N O N – G A A P F I N A N C I A L I N F O R M A T I O N (Unaudited) In millions of USD 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 – TTM (GAAP) 13,256 10,985 11,5
Slide 32: Additional Information
A D D I T I O N A L I N F O R M A T I O N 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 thereaf
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