is transport publishing company alongside 10+ years of cognition who covers EVs, community transportation, and aviation. His activity has appeared in The New York Daily News and City & State.
As the fume clears from its outrageous Roadster demo, Tesla reported Q3 earnings on Wednesday — and the chilly actuality is that income has flatlined.
Tesla stated it earned $1.7 milliard in net earnings on $28.0 milliard in income in the fourth that ended in September 2026. Revenues were flat, during profits dropped 4 percent compared to the third fourth of 2025, whenever the business earned $1.4 milliard in net earnings on $28.1 milliard in revenue. Tesla’s income came in complete Wall Street expectations of $27.9 billion, according to data compiled by LSEG. Tesla’s own company-compiled expectations predicted Q3 revenues of $28.3 billion.
The earnings arrive on the heels of a disappointing Q3 revenue report, in which Tesla reported a 2.1 percent autumn in client deliveries compared to the blockbuster third fourth of 2025. (For a direct-to-consumer business akin Tesla, deliveries are a proxy for sales.) The autumn in revenue was extensively expected gratitude to the expiration of the $7,500 national tax credit for electric vehicles on September 30, 2025. Elon Musk himself stated that the business was in for “a few coarse quarters” gratitude to the expiring incentive and another macroeconomic factors.
But the possible of a Tesla-SpaceX merger gained new momentum following Musk’s revelation this week that the two companies had cast particular committees to conversation the possibility. Musk stated a merger would be a “good idea,” equal although he claimed he wouldn’t be engaged in the process.
Beyond merger talks, this former fourth additionally saw the extremely anticipated re-reveal of the next-generation Tesla Roadster, nine years following it was initially announced. The demo in Waco, Texas, featured a redesigned two-seat prototype flying and flipping through the air using cold-gas thrusters provided by SpaceX. While the event generated its own cottage industry of online reactions, it did small to asauge skeptics that the conveyance would really go into manufacturing in 2028, as promised.
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