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Tesla beats Q3 estimates with strong services growth and new Cybercab robotaxi rides in Austin

Company Fundamentals
21 Oct 2026
Proactive Investors
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Bullish
Tesla beats Q3 estimates with strong services growth and new Cybercab robotaxi rides in Austin

Tesla reported Q3 revenue of $28.05 billion, slightly above estimates, driven by a 33% increase in services revenue to $4.61 billion. Despite a 3% drop in automotive revenue and a 16% decline in energy sales, Tesla launched Cybercab robotaxi rides in Austin and started Optimus and Megafactory Texas production, signaling strategic progress. Adjusted EPS beat expectations at $0.48, though some profitability metrics declined. Tesla ended the quarter with $45.4 billion in cash and investments, and vehicle deliveries were slightly down 2%.

Tesla shares on Pluang have risen 4.81% to USD 391.70 as of Oct 22, 2026 03:41 WIB. The stock's market cap stands at $1.48 trillion, reflecting strong investor interest despite mixed revenue segments. Trading volume is active with over 30 million shares changing hands, while most Pluang users are currently selling with a 76% sell order ratio.

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