Update: Tesla Q3 Adjusted Earnings, Revenue Fall

04:33 AM EDT, 10/22/2026 (MT Newswires) -- (Updates to include capital expenditures outlook in the fifth and sixth paragraphs, and stock move in the seventh paragraph.) Tesla (TSLA) reported Q3 adjusted earnings late Wednesday of $0.48 per diluted share, down from $0.50 a year earlier. Analysts polled by FactSet expected $0.45. Revenue for the quarter ended Sept. 30 was $28.05 billion, compared with $28.10 billion a year earlier. Analysts expected $28.06 billion. The company is revising full-year capital expenditures outlook to be about $20 billion "as a result of managing our capital deployment efficiently, and plan to fund it primarily from our cash flows from operations," Chief Financial Officer Vaibhav Taneja said on an earnings call, according to a FactSet transcript. Tesla was previously targeting 2026 CapEx of roughly $25 billion, Reuters reported. The company's shares were down 4.8% in premarket activity Thursday.