Tesla is expected to report Q3 2026 revenue of $28.34 billion and GAAP earnings per share of 0.21, with its current stock price of $362.00 trading below the average analyst price target of $412.00. Investors are primarily focused on automotive gross margins excluding regulatory credits, which are anticipated to reach 17.9% as profitability remains under pressure from global electric vehicle competition and pricing strategies.
While the company beat delivery estimates with 486,532 vehicles, rising research and development costs for the Cybercab and humanoid robotics initiatives have tempered bottom-line expectations. Management's updates on the expansion of autonomous fleets in Texas and the deployment of Megapack 3 systems will be critical for determining if high-margin segments can offset automotive compression.