Tesla Q3 2026 10-Q: Revenue, Earnings, and Balance Sheet

Tesla, Inc. filed its quarterly report on Form 10-Q with the SEC on October 22, 2026, covering the three and nine months ended September 30, 2026, disclosing quarterly total revenues of $28.046 billion alongside a sharp increase in research and development spending.

Key Highlights

  • Total revenues nearly flat year-over-year: Tesla reported total revenues of $28.046 billion for Q3 2026, compared to $28.095 billion in Q3 2025, according to the filing.
  • R&D spending jumped sharply: Research and development expenses reached $2.761 billion in Q3 2026, up from $1.630 billion in Q3 2025, the filing disclosed.
  • Net income attributable to common stockholders: The company reported $787 million for Q3 2026, down from $1.373 billion in the prior-year quarter.
  • Diluted EPS of $0.22: Diluted net income per share attributable to common stockholders was $0.22 for Q3 2026, versus $0.39 in Q3 2025.
  • Total assets grew to $157.517 billion: As of September 30, 2026, total assets stood at $157.517 billion, up from $137.806 billion at December 31, 2025.
  • Services and other revenue increased: The services and other segment contributed $4.605 billion in Q3 2026, compared to $3.475 billion in Q3 2025.
  • Shares outstanding: As of October 15, 2026, there were 3,952,757,946 shares of common stock outstanding, the filing stated.

Tesla's Q3 2026 Financial Results Reflect Rising Costs Across Key Segments

According to the filing, Tesla's automotive sales revenue was $20.094 billion for the three months ended September 30, 2026, a decline from $20.359 billion in the same period of 2025. Automotive regulatory credits fell to $113 million from $417 million a year earlier. Energy generation and storage revenues also declined to $2.881 billion from $3.415 billion year-over-year for the quarter, while the services and other segment - which includes non-warranty after-sales vehicle services, used vehicle sales, body shop and mobile service, vehicle insurance, and Supercharging - grew to $4.605 billion from $3.475 billion, the filing disclosed.

The filing reported gross profit of $5.494 billion for Q3 2026, up from $5.054 billion in Q3 2025, reflecting lower total cost of revenues of $22.552 billion versus $23.041 billion in the prior-year quarter. However, income from operations fell to $718 million from $1.624 billion, as total operating expenses rose to $4.776 billion from $3.430 billion, driven primarily by the increase in research and development expenditures. The company's provision for income taxes was $152 million for Q3 2026, compared to $570 million in Q3 2025, according to the filing.

On a nine-month basis, Tesla reported total revenues of $78.669 billion for the period ended September 30, 2026, compared to $69.926 billion for the same period in 2025. Net income attributable to common stockholders for the nine months ended September 30, 2026 was $2.378 billion, against $2.954 billion in the comparable prior-year period. The consolidated balance sheet showed property, plant and equipment, net, of $50.591 billion as of September 30, 2026, up from $40.643 billion at year-end 2025, reflecting continued capital investment, as the filing noted. Total stockholders' equity stood at $89.289 billion at September 30, 2026, compared to $82.137 billion at December 31, 2025. The filing is listed under NASDAQ:TSLA.

What Was Disclosed

Tesla filed a Form 10-Q for the quarter ended September 30, 2026, reporting total revenues of $28.046 billion, net income attributable to common stockholders of $787 million, diluted EPS of $0.22, total assets of $157.517 billion, and 3,952,757,946 shares outstanding as of October 15, 2026.