Overview
- Q3 revenue rose 12% year over year to $28.1 billion, but EPS of $0.50 missed the $0.56 consensus as net income fell about 37%.
- Deliveries hit a quarterly record at 497,099, outpacing production of 447,450 on a late‑September rush before U.S. EV tax credits expired.
- Energy storage deployments reached 12.5 GWh with roughly $3.4 billion in segment revenue and a 31.4% gross margin, as Tesla launched Megablock and outlined Megapack 4 plans.
- CFO Vaibhav Taneja said tariffs reduced quarterly revenue by more than $400 million, roughly split between vehicles and stationary storage, with efforts underway to localize cells and ramp Shanghai Megafactory output.
- Shareholders vote on Elon Musk’s performance‑based pay through Nov. 5 ahead of a Nov. 6 meeting, with ISS and Glass Lewis urging rejection, Musk blasting the firms, and the board urging approval as analysts lift price targets on AI, autonomy, and robotics themes.