operating margin

Tesla Q3 2026 results: auto margins rebound above 18%, but operating income falls 56% on AI and Optimus spending

Tesla reported $28.05 billion in revenue, flat year-over-year, with non-GAAP EPS of $0.48 beating the $0.45 consensus but down 4% annually. Auto gross margin excluding credits recovered above 18%, yet operating income dropped 56% as R&D jumped 69% on Super Intelligence, Optimus, and Cybercab.