Correction: Update: Tesla Q3 Adjusted Earnings, Revenue Fall

MT newswire2026/10/22 09:21

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05:21 AM EDT, 10/22/2026 (MT Newswires) -- (Corrects previous capex forecast in the sixth 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 its 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 capital expenditures of over $25 billion, the automaker said in July. The company's shares were down 4.8% in premarket activity Thursday.

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The newly elected governor of Texas, Hinojosa, publicly stated that she despises the way data centers "take advantage of Texans" and that any measures must be paused before the introduction of new data centers. She also expressed willingness to collaborate with tech giants such as Elon Musk but emphasized that "it must be on our terms." Goldman Sachs previously warned that the current "blue wave" could result in a suspension order affecting the expansion capacity of approximately 45% of data centers across the United States, with Texas accounting for about 25%. Other states are also rushing to follow Texas' lead.

华尔街见闻•2026/11/06 00:27