Tesla Earnings Live: TSLA Shares Rise on Results
Tesla's Q3 profit dropped 43% as the company prepares for a possible merger with SpaceX. The electric vehicle (EV) maker's revenue was flat, and its profits were under pressure due to increased spending on artificial intelligence and robotics. Despite this, Tesla's Q3 earnings beat expectations, with positive free cash flow and better-than-expected capital expenditures.
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- ✓ Tesla's Q3 profit dropped 43%.
- ✓ Tesla's Q3 earnings beat expectations.
- ✓ Tesla has positive free cash flow and better-than-expected capital expenditures.
What changed
Tesla reported its Q3 earnings, which showed a 43% drop in profit.
Live updates
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Tesla Q3 profit drops 43% as company eyes possible SpaceX deal
Tesla's Q3 profit dropped 43% as the company prepares for a possible merger with SpaceX. The electric vehicle (EV) maker's revenue was flat, and its profits were under pressure due to increased spending on artificial intelligence and robotics. Despite this, Tesla's Q3 earnings beat expectations, with positive free cash flow and better-than-expected capital expenditures.
Why it matters
The drop in Tesla's profit comes as the company is considering a merger with SpaceX, another company led by Elon Musk. This potential deal has sparked speculation among investors and analysts. Tesla's earnings report is closely watched by the market, as it is a leading EV manufacturer and a bellwether for the industry.
What is confirmed
- Tesla's Q3 profit dropped 43%.
- Tesla's revenue was flat.
- Tesla's Q3 earnings beat expectations.
- Tesla has positive free cash flow and better-than-expected capital expenditures.
Still unconfirmed
- Tesla is considering a merger with SpaceX.
What to watch next
- Tesla's future financial performance
- Progress on a potential Tesla-SpaceX merger
- Impact of AI and robotics spending on Tesla's profits
confidence 75%Sources used for this update (13)
- finance.yahoo.com — Yahoo Finance - Stock Market Live, Quotes, Business & Finance News
- help.naver.com — Futures Flat As Oil Rebounds After Trump's "Energy Ceasefire" Unravels, Memory Stocks Slide | ZeroHedge
- WSJ — Stock Market Today: Dow Futures Steady. SpaceX Shares Surge on Tesla Deal Talks
- Axios — Tesla revenue flat as Elon Musk eyes possible SpaceX deal
- Houston Chronicle — Tesla's Q3 profit drops as it prepares for possible merger with Musk's other public company, SpaceX
- Business Insider — Tesla's Profits Are Under Pressure
- Ars Technica — Tesla profits drop 43% in Q3
- Yahoo Finance — Tesla reports Q3 earnings beat, positive free cash flow, and better-than-expected capex
- The New York Times — Tesla Profit Slumps as Musk Pours Money Into A.I. and Robots
- 247wallst.com — Live: Will Tesla Smash Q3 Earnings Tonight Following SpaceX's 10% Pop Today? - 24/7 Wall St.
- note.com — [October 2026] Why is SpaceX (SPCX) stock fluctuating? Explaining the first profitable earnings, the reasons for considering a merger with Tesla, and future out…
- www.newsbtc.com — U.S. Earnings Season Heats Up as MEXC TSLA Stock Futures Weekly Volume Jumps 101% - NewsBTC
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