- Tesla's total revenue for the third quarter was $2.8046 billion, slightly below expectations.
- Non-GAAP earnings per share were reported at US$0.48, exceeding market estimates.
- The take rate for Full Self-Driving (FSD) reached 75% among new vehicle deliveries in North America.
- Tesla Semi has begun mass production, achieving efficiency equivalent to one-third of that of diesel trucks.
Tesla (NASDAQ: TSLA) has released its Q3 2026 earnings report, indicating reasonable performance across various financial metrics. The company plans to hold a conference call at 5:30 PM Eastern Time (4:30 PM Central Time) to address investor questions. Key figures from the report include total revenue of $2.8046 billion, expected to be $2.834 billion; non-GAAP earnings per share reported at US$0.48 (approximately HK$4), expected to be US$0.45 (approximately HK$4); operating margin at 2.6%, expected to be 2.5%; operating income of $718 million, expected to be $721 million; and free cash flow of $1.531 billion, expected to be approximately -$4.51 billion.
Tesla $TSLA earnings results are as follows: Revenue: $2.8046 billion; Non-GAAP earnings per share: US$0.48 (approximately HK$4); Operating margin: 2.6%; Operating income: $718 million; Free cash flow: $1.531 billion
Growth of Full Self-Driving (FSD)
Key highlights include: The take rate for Full Self-Driving (FSD) has continued to grow, reaching over 75% of new vehicle deliveries in North America, our most mature market, with a quarter-over-quarter increase of nearly 20 percentage points. We believe FSD is driving demand in the available market, and we will continue to work with regulators to seek approvals in other markets.
Launch of Tesla Semi Mass Production
Tesla Semi: "We have begun mass production of the Tesla Semi, our Class 8 heavy-duty truck. The top model can travel 500 miles while fully loaded at 82,000 pounds, achieving an efficiency of 1.7 kWh/mile. This efficiency means that the energy used by the Tesla Semi is only one-third that of a comparable diesel truck for transporting the same payload. In a transportation market where energy is the largest component of total cost per mile, this will provide significant advantages for Tesla Semi operators."
SI Computing: "We plan to achieve 400 MW of SI training computing power by the end of the year to support the development of autonomous software for vehicles and humanoid robots. Additionally, we continue construction at the Austin factory, with plans to begin equipment commissioning in 2027."
Robotaxi: "We have started deploying Cybercabs into our Robotaxi fleet. By the end of this quarter, our Robotaxi service has accumulated nearly 2 million miles of unregulated mileage. Operations in Austin run from 6 AM to midnight, and we expect to reduce wait times by increasing fleet supply and improving Robotaxi coordination algorithms. Grok is available in the Cybercab, allowing access to Grok Bot and Connectors, enabling users to manage their inboxes, calendars, documents, chats, and tasks hands-free through voice commands, transforming the Cybercab into a vehicle, productivity space, and entertainment option, effectively becoming a second living room."
Tesla's Positioning in the Autonomous Driving and Trucking Markets
Tesla's Q3 earnings report demonstrates its continued growth in the autonomous driving and heavy trucking markets. The growth rate of Full Self-Driving (FSD) indicates an increasing consumer demand for autonomous driving technology, which not only enhances Tesla's market competitiveness but may also influence the direction of the entire automotive industry. The mass production of the Tesla Semi emphasizes its innovation in the heavy trucking sector, particularly in energy efficiency, which will significantly impact transportation costs. These strategies not only help enhance the company's image but may also lay the groundwork for future growth.