Tesla reported $1.7 billion in net income on $28.0 billion in revenue for the quarter ended in September 2026. Revenue was flat and profit fell 43%; the company also began producing Optimus robots in California. Its energy-storage business shrank during the quarter, according to Ars Technica.
WHO:Tesla
WHAT:Tesla reported quarterly results showing flat revenue and a 43% profit decline, and started Optimus robot production in California.
WHEN:Reported Oct 21, 2026 at 4:33 PM ET
WHERE:California, USA
WHY:Tesla’s expenses rose as it invested in Optimus robots, AI and autonomous driving.
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