Tesla profits drop 43% in Q3

Tesla’s once-booming energy storage business also shrunk in Q3 2026.

The short version

• Tesla published its third-quarter 2026 financial results this afternoon.
• Earlier in October, it reported its sales and deliveries for the three-month period, selling fewer cars than in the same quarter in 2025 , yet it still beat analyst projections.
• Now we can see how those sales translate to the bottom line.

What happened

Tesla brought in $28 billion in revenue in Q3, almost the same as in 2025. Automotive revenues were $20.6 billion, a 3 percent decrease year over year.

Why it matters

Perhaps more troubling is the decline in revenue from solar panels and storage batteries—this line of business had been growing, but for Q3 revenue fell 16 percent year over year to $2.9 billion.

Summary by Nerd News Network. Read the full article at Ars Technica via the links above and below.