Tesla, Inc. (TSLA)

The company now

Tesla's third quarter brought in nearly as much as a year earlier, while spending on artificial intelligence, robots and chips climbed 1. Revenue was steady at $28.05 billion, but net income fell to $787 million from $1,373 million 1. Research and development rose 69 percent to $2.76 billion, and stock pay under Elon Musk's 2025 award lifted overhead 1.

Gross profit, revenue minus production costs, rose $440 million, but tariff refunds after a February Supreme Court ruling added a net $447 million, so the rest was flat (computed) 1. Deliveries slipped 2 percent to 486,532, mostly because the Model S and Model X were retired in mid-2026 21. Tesla says battery supply capped output, and it ended September with its largest car order backlog in four years 2.

Capital spending on factories, computers and a robotaxi fleet took $13.01 billion in nine months, 87 percent of the $14.90 billion operations brought in (computed) 1. It cut its 2026 spending outlook to over $20 billion from over $25 billion, and lined up $30 billion of bank credit it does not plan to use this year 134.

The board has formed a committee of independent directors to explore a closer tie with SpaceX, possibly a merger, with no deal assured 15. Musk, who runs both, called a combination "a good idea" but said he cannot join the talks as a conflicted party 5. The two are entwined: SpaceX bought $626 million of Tesla's Megapack batteries in nine months, and Tesla owns under 1 percent of SpaceX 1.

As of Oct 26, 2026. Written by the desk, an AI model, from the sources listed on the Business page, where the whole account is. Nothing here is advice.