Tesla (TSLA) Q3 2026 earnings report

Key Points:

• Elon Musk suggested on SpaceX's earnings call that merging Tesla and SpaceX would be a "good idea," with special committees from both boards now exploring the possibility, though shareholder approval would be required.
• Tesla's upcoming earnings report is expected to show earnings per share of 43 cents and revenue of $27.9 billion, slightly down from the previous year, reflecting challenges from rising competition and the end of federal EV tax credits.
• Despite current auto sales driving most revenue, Musk emphasized Tesla's future focus on robotaxis and humanoid robots, with capital expenditures projected to exceed $25 billion in 2026, including investments in a semiconductor factory developed with SpaceX and Intel.
• Tesla's Full Self-Driving (FSD) subscription service has grown to nearly 1.5 million paid customers, but the company faces pressure to advance toward fully autonomous, unsupervised driving and to provide updates on its Cybercab robotaxi project.
• Tesla's stock has declined 14% this year, underperforming other tech giants, while SpaceX's recent public offering has seen gains, fueling speculation about the strategic benefits of a potential merger between the two companies.