The David Lin Report · Friday, October 23, 2026
Tesla reported third-quarter revenue of approximately 28 billion dollars and adjusted earnings per share of 48 cents, beating Wall Street expectations. However, GAAP net income fell about 44 percent to 787 million dollars and operating margins dropped to 2.6 percent as the company attempts to fund multiple capital-intensive ambitions.
“The company reported third quarter revenue of approximately $28 billion and adjusted earnings per share of $0.48, beating Wall Street's expectations, but its underlying profitability is deteriorating.”
“Gap net income fell approximately 44% from a year earlier to $787 million.”