Catch Up on Tesla Earnings -- WSJ

By Will Flannigan

Tesla's third-quarter earnings report and call last night gave investors and the public a closer look at how Elon Musk's electric-vehicle company is doing under the hood.

Here are some takeaways:

-- Revenue: $28.05 billion (roughly flat year-over-year)

-- Net income: $787 million

-- Capex: $4.73 billion in Q3. Full-year spending is now expected at $20 billion, down from $25 billion previously.

-- Deliveries: 486,532 vehicles (down 2% year-over-year)

-- Vision: Musk said the Optimus humanoid robot could ship to outside companies by the end of next year.

-- Robotaxis: The company is working on getting the two-seat Cybercab to customers by the end of this year.

-- The elephant in the room: Musk was quiet on SpaceX-Tesla merger mullings.

The thing everyone wants to know: When will SpaceX and Tesla tie the knot. Because the two Musk companies have seemingly been living together for quite some time. Learn more about how they're already tied at the hip.

Get a deeper look at Tesla's earnings here.

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(END) Dow Jones Newswires

October 22, 2026 11:05 ET (15:05 GMT)