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AI CURATED HOT STORY · 10/22/2026

Tesla Q3 Profit Plunges 56%; Musk Claims FSD Lead Over Chinese OEMs

1 reports archived1 independent sourcesupdated 10/22/2026, 15:14:48
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Tesla's operating profit plummeted 56% in Q3, wiping out over $68 billion in market value, despite a slight rise in deliveries and record order backlogs. Elon Musk signaled continued heavy investment in Cybercab robotaxis, Optimus robots, and the Terafab chip factory, while asserting that Tesla's Full Self-Driving (FSD) technology holds a lead that no other Chinese OEM currently possesses.

LATEST/Tesla's operating profit plummeted 56% in Q3, wiping out over $68 billion in market value, despite a slight rise in deliveries and record order backlogs. Elon Musk signaled continued heavy investment in Cybercab robotaxis, Optimus robots, and the Terafab chip factory, while asserting that Tesla's Full Self-Driving (FSD) technology holds a lead that no other Chinese OEM currently possesses.

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Total 1 reports · Latest first
  1. 量子位官网T2·68 pts
    • Tesla's Q3 operating profit fell 56% YoY, with margins dropping to 2.6%, causing a sharp decline in after-hours stock trading.
    • Despite the profit drop, automotive gross profit rose 9% YoY, and pending passenger vehicle orders hit a four-year high.
    • Musk confirmed progress on Cybercab operations, Optimus production, and Terafab chip factory investments, emphasizing FSD's technological lead over Chinese OEMs.
Tesla Q3 Profit Plunges 56%; Musk Claims FSD Lead Over Chinese OEMs | Today for AI