Tesla, Inc. — 8-K

Critical (8/10)

Filed October 28, 20260001318605-26-000042

Summary

Tesla filed an 8-K disclosing Q3 2026 results. Total deliveries reached 531,000 vehicles, up 22% year-over-year, beating analyst estimates of 505,000. Automotive gross margin improved to 20.1% from 17.9% in the prior year, driven by manufacturing efficiencies at Gigafactory Mexico. Energy Generation and Storage revenue doubled to $3.2B. Full Self-Driving subscriptions surpassed 2 million active users. The company reiterated its target of 2.2 million total deliveries for 2026.

Key Facts

Q3 deliveries 531K, up 22% YoY, beat estimates by 5%
Auto gross margin 20.1%, up from 17.9%
Energy storage revenue doubled to $3.2B
FSD subscriptions surpassed 2M users
Reiterated 2.2M delivery target for 2026

Risk Flags

Cybertruck margins still below company averageCompetition intensifying in China from BYD

Frequently Asked Questions

Did Tesla beat delivery estimates?

Yes, 531K vs 505K analyst consensus.

How is the energy business doing?

Revenue doubled to $3.2B, becoming a significant growth driver.

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