Tesla's third-quarter profits exceeded Wall Street's expectations, and its stock price rose after the market closed.
Ai Focus
Tesla's adjusted earnings per share in the third quarter were 48 cents, higher than analysts' expectations. Revenue was slightly below expectations, but cash flow was positive. After the announcement, Tesla's stock price rose briefly in after-hours trading in New York.
Tesla's third-quarter profits exceeded market expectations, which may help alleviate concerns about the electric vehicle manufacturer's increased investment in new areas such as robotics and artificial intelligence.
Tesla stated in a statement on Wednesday that its adjusted earnings per share for the third quarter were 48 cents, higher than the average forecast of analysts. Revenue was slightly below expectations, but cash flow was positive. The market had previously anticipated that cash consumption would be close to $5 billion.
Tesla's stock price rose at one point during after-hours trading in New York.
This performance has provided Tesla with some breathing room and will help to continue advancing the future vision of CEO Elon Musk regarding autonomous vehicles and humanoid robots. At the same time, the company is also investing in increasing car and battery production. Musk stated this week that SpaceX and Tesla have begun to explore potential merger deals.
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·2026-10-22 08:33:572 
The Block
·2026-10-22 08:33:553 
Tesla claims it will start selling Cybercab before the end of the yearTesla stated that it will begin selling Cybercab to customers by the end of this year. The company's vice president of engineering said that all the currently produced Cybercab will be used for its own robotaxi fleet, and in the future, fully designed autonomous vehicles will be delivered to customers on a small scale first. Meanwhile, the National Highway Traffic Safety Administration in the United States has launched an investigation into this model to determine whether it meets federal motor vehicle safety standards.
TechCrunch
·2026-10-22 08:23:3211 
Trading volume TOP20 | SpaceX soars 8%, Tesla gains over 3%; the two companies discuss merger; Wedbush bullish before earnings AMD; Netflix's performance falls short of expectations, drops over 5% after earningsAmong the top-performing stocks in U.S. trading, SpaceX rose by 7.79%. The company reported that its revenue, profits for the third quarter, and adjusted EBITDA all significantly exceeded expectations, and it was stated that the AI business has become the largest source of revenue for the first time due to its "super intelligence." Musk also confirmed that SpaceX and Tesla have each established special committees to discuss a potential merger. Tesla rose by 3.41%, reporting third-quarter revenue of $28.046 billion, with an adjusted EPS of $0.48 per share. NVIDIA announced plans to expand global manufacturing capacity in collaboration with supply chain partners. AMD received a rating of "outperforming the market" from Wedbush with a target price of $600. Netflix fell more than 5% after releasing its third-quarter results due to ad product features launching slower than expected, leading to a reduction in annual ad revenue forecasts.
The Block
·2026-10-22 08:06:0216 View More
