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Tesla Q3 Earnings: Adjusted EPS of $0.48 Exceeds Expectations, Free Cash Flow of $1.53 Billion Significantly Beats Estimates, FSD Subscriptions Reach 1.74 Million
Tesla announced its Q3 2026 earnings, with adjusted earnings per share (EPS) of $0.48, exceeding market expectations of $0.44. Free cash flow reached $1.53 billion, significantly surpassing the market's negative $4.99 billion expectation. Gross margin hit 19.6%, higher than the anticipated 17.8%. FSD (Full Self-Driving) subscriptions surged to 1.74 million, while Optimus robots began production in Fremont. Revenue was $28.05 billion, slightly below the expected $28.13 billion. The earnings report indicated that strong profit margins, positive cash flow, and accelerated FSD adoption offset a 56% decline in operating income.
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