Cybertruck sales in free fall as Tesla reports mediocre sales for Q3
Key Points:
- Tesla sold 486,532 electric vehicles in Q3 2026, a 2.1% decrease from 497,099 vehicles sold in Q3 2025, but still surpassed analysts’ expectations of 456,600 cars.
- Production increased by 3.7% year-over-year to 464,391 vehicles, primarily driven by a 4.9% rise in Model 3 and Y production, while other models saw a 39.8% decline.
- Sales of Model 3 and Y slightly decreased by 0.6%, and sales of other models dropped sharply by 48%, reflecting challenges in moving less popular or retired models.
- Tesla’s energy storage segment grew by 9.6% year-over-year, deploying 13.7 GWh of products during the quarter.
- The company is set to release its Q3 financial results on October 21.