PANews
PANews|Oct 21, 2026 20:25
[Tesla Q3 Revenue at $28.05 Billion, No Bitcoin Sold] According to Electrek, Tesla released its financial report, showing third-quarter revenue of $28.05 billion, roughly flat compared to the same period last year. Adjusted earnings per share were $0.48, exceeding market expectations of $0.45. GAAP net profit was $787 million, a year-on-year decrease of 43%. Operating profit was $718 million, down 56% year-on-year. Gross margin stood at 19.60%. Free cash flow was $1.53 billion, while the market had previously expected negative $4.921 billion. Additionally, Tesla did not sell any Bitcoin in the third quarter and continues to hold 11,509 BTC. The GAAP net profit for the quarter includes $288 million in unrealized gains from its Bitcoin holdings.
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