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Tesla's EV sales drop 2% in Q3, energy business grows 10%, CEO Musk shifts focus to robotaxis and humanoid robots.

Company Fundamentals
22 Oct 2026
Seeking Alpha
View Source
Neutral
Tesla's EV sales drop 2% in Q3, energy business grows 10%, CEO Musk shifts focus to robotaxis and humanoid robots.

Tesla reported a 2% decline in electric vehicle sales in Q3 compared to last year, though this was still above market expectations. Meanwhile, its energy business grew nearly 10%, showing strength outside its core EV segment. CEO Elon Musk highlighted a strategic pivot towards developing robotaxis and humanoid robots, but these remain uncertain as they are not yet market-ready products. The company’s stock is currently rated as a Hold given these mixed signals and future uncertainties.

Tesla shares are currently trading at USD 372.46 on Pluang, down 3.63% in the last day. The stock shows a market cap of $1.53 trillion with a typical hold time of 88 days as of Oct 22, 2026 20:02 WIB.

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