Physix Frontier
Tesla Profit Drops 43%: Where Do FSD and Robots Stand?
Tesla's third-quarter revenue was roughly flat, but net profit attributable to shareholders fell 43%. It sold fewer cars than in the same period last year, while more users were willing to pay for FSD. On October 22, Beijing time, Tesla released its third-quarter report. At the subsequent earnings call, management also answered two specific questions: how low the cost of picking up passengers with robotaxis has fallen, and when Optimus can be delivered to customers.Key Data Q3 2026 Year-over-Year Change Revenue $28.046 billion Roughly flat Net profit attributable to shareholders $787 million Down 43% Overall gross margin 19.6% Up 1.6 percentage points Operating margin 2.6% Down 3.2 percentage points Operating cash flow $6.263 billion Roughly flat Capital expenditure $4.732 billion Up 110% Free cash flow $1.531 billion Down 62% Cash and short-term investments $45.447 billion Work from Creator Alliance, reviewed and approved.