TSLA

EX-99.1

2 exhibit9914.htm

EX-99.1

exhibit9914

Q3 2026 Update 1 Exhibit 99.1

Highlights 03 Financial Summary 04 Operational Summary 05 Manufacturing & Hardware 06 Supporting Infrastructure 07 SI & Other Services 08 Outlook 09 Photos & Charts 10 Key Metrics 23 Financial Statements 26 Additional Information 32 2

S U M M A R YH I G H L I G H T S (1) Refer to the Reconciliation of GAAP to Non–GAAP Financial Information slide (2) Free cash flow = operating cash flow less capex; (3) Includes cash, cash equivalents and short-term investments; (4)Active driver supervision required; does not make the vehicle autonomous; Note: all information herein refers to the current quarter unless otherwise noted. Profitability $0.7B GAAP operating income $0.8B GAAP net income $1.7B non-GAAP net income1 In Q3, we maintained strong momentum on many projects spanning Super Intelligence (SI), robotics and renewable energy that will be critical to building a future of Amazing Abundance. Strength in our core business also continued, and we achieved our second consecutive quarter of TTM revenue in excess of $100B. deliveries in North America – our most mature market – a nearly twenty percentage point sequential increase. We believe that FSD is driving demand in markets where it is available, and we continue to work with regulators to get it approved in other markets. We started providing Robotaxi rides using Cybercabs on September 3 in Austin. Cumulative unsupervised Robotaxi miles grew eightfold quarter over quarter, driven by sustained double-digit weekly growth. We ended the quarter with the largest backlog for our passenger vehicles in four years. We rolled out the updated Tesla Semi that is produced on our high-volume manufacturing line in Nevada and unveiled the Next Gen Roadster on October 15. While battery availability continued to be the limiting factor in increasing auto volumes in the quarter, we have made additional progress in securing future supply, as we work toward our goal of maximum utilization of our factories. Demand for our Energy Storage business remained strong in the quarter, with our highest- ever order rate and backlog. Energy storage is the fastest way to add power to the existing grid and is critical to data center uptime. We expect rising data center demand to continue driving demand for our products. Megafactory Texas began production, with planned capacity of 50 GWh. We also advanced LFP supply domestication in the U.S., shipping the first Megapacks built with LFP cells from our factory in Nevada. We continue to invest in the future through R&D and Capex spend across our businesses, including SI, robotics and energy. Much hard work lies ahead, but we are as optimistic as ever. Thank you to our supporters as we continue to execute on many challenging and important projects. Cash Operating cash flow of $6.3B Free cash flow2 of $1.5B $1.9B increase in our cash and investments3 Operations Produced and delivered our 10 millionth vehicle Launched Cybercab into the Robotaxi fleet in Austin Record production at Gigafactory Berlin 3

F I N A N C I A L S U M M A R Y (Unaudited) ($ in millions, except percentages and per share data) Q3-2025 Q4-2025 Q1-2026 Q2-2026 Q3-2026 YoY Total automotive revenues 21,205 17,693 16,234 20,516 20,560 - Energy generation and storage revenue 3,415 3,837 2,408 3,139 2,881 - Services and other revenue 3,475 3,371 3,745 4,581 4,605 Total revenues 28,095 24,901 22,387 28,236 28,046 Total gross profit 5,054 5,009 4,720 4,751 5,494 Total GAAP gross margin 160 bp Operating expenses 3,430 3,600 3,779 4,353 4,776 Income from operations 1,624 1,409 941 398 718 - Operating margin -322 bp Adjusted EBITDA 4,227 4,154 3,668 3,273 3,900 - Adjusted EBITDA margin -114 bp Net income attributable to common stockholders (GAAP) 1,373 840 477 1,114 787 - Net income attributable to common stockholders (non-GAAP) 1,770 1,761 1,453 1,153 1,697 - EPS attributable to common stockholders, diluted (GAAP) 0.39 0.24 0.13 0.32 0.22 - EPS attributable to common stockholders, diluted (non-GAAP) 0.50 0.50 0.41 0.33 0.48 - Net cash provided by operating activities 6,238 3,813 3,937 4,697 6,263 Capital expenditures (2,248) (2,393) (2,493) (5,789) (4,732) Free cash flow 3,990 1,420 1,444 (1,092) 1,531 - Cash, cash equivalents and short-term investments 41,647 44,059 44,743 43,524 45,447 4

Q3-2025 Q4-2025 Q1-2026 Q2-2026 Q3-2026 YoY Model 3/Y production 435,826 422,652 394,611 442,936 457,387 Other models production 11,624 11,706 13,775 8,822 7,004 - Total production(1) 447,450 434,358 408,386 451,758 464,391 4% Model 3/Y deliveries 481,166 406,585 341,893 467,762 478,237 - Other models deliveries 15,933 11,642 16,130 12,364 8,295 - Total deliveries(1) 497,099 418,227 358,023 480,126 486,532 -2% of which subject to operating lease accounting 10,230 10,996 3,430 7,580 6,911 - Cumulative deliveries(2) (all-time; mil) 8.5 8.9 9.2 9.7 10.2 Active FSD Subscriptions(3) (mil) 1.04 1.10 1.28 1.48 1

EX-99.1

2 exhibit991111111.htm

EX-99.1

Document

Exhibit 99.1

Tesla Third Quarter 2026 Production, Deliveries & Deployments

In the third quarter, we produced over 464,000 vehicles, delivered over 486,000 vehicles and deployed 13.7 GWh of energy storage products.

Thank you to all of our customers, employees, suppliers, shareholders and supporters who helped us achieve these results.

Q3 2026

ProductionDeliveriesSubject to operating lease accounting

Model 3/Y 457,387

478,237 1%

Other Models 7,004

8,295 4%

Total 464,391

486,532 1%

Tesla will post its financial results for the third quarter of 2026 after market close on Wednesday, October 21, 2026. At that time, Tesla will issue a brief advisory containing a link to the Q3 2026 update, which will be available on Tesla’s Investor Relations website. Tesla management will hold a live question and answer webcast that day at 4:30 p.m. Central Time (5:30 p.m. Eastern Time) to discuss the Company’s financial and business results and outlook.

What: Tesla Q3 2026 Financial Results and Q&A Webcast When: Wednesday, October 21, 2026 Time: 4:30 p.m. Central Time / 5:30 p.m. Eastern Time Q3 2026 Update: https://ir.tesla.com Webcast: https://ir.tesla.com (live and replay)

Approximately two hours after the Q&A session, an archived version of the webcast will be available on the Company’s website.

For additional information, please visit https://ir.tesla.com.

Investor Relations Contact:

ir@tesla.com

Our net income and cash flow results will be announced along with the rest of our financial performance when we announce Q3 earnings. Tesla vehicle deliveries and storage deployments represent only two measures of the Company’s financial performance and should not be relied on as an indicator of quarterly financial results, which depend on a variety of factors, including average selling price, cost of sales, foreign exchange movements and others as to be disclosed in the 10-Q for the quarter ended on September 30, 2026. Vehicle production and delivery numbers represent passenger vehicles sold to customers.

EX-99.1

2 exhibit991.htm

EX-99.1

exhibit991

Q2 2026 Update 1 Exhibit 99.1

Highlights 03 Financial Summary 04 Operational Summary 05 Manufacturing & Hardware 06 Supporting Infrastructure 07 AI & Software 08 Services 09 Outlook 10 Photos & Charts 11 Key Metrics 23 Financial Statements 26 Additional Information 32 2

S U M M A R YH I G H L I G H T S (1) Refer to the Reconciliation of GAAP to Non–GAAP Financial Information slide (2) Free cash flow = operating cash flow less capex; (3) Includes cash, cash equivalents and short-term investments; (4)Active driver supervision required; does not make the vehicle autonomous; (5) Bay Area operations use FSD (Supervised) pursuant to CA TCP permit # TCP0046782 – A; Note: all information herein refers to the current quarter unless otherwise noted. Profitability $0.4B GAAP operating income $1.1B GAAP net income $1.2B non-GAAP net income1 Q2 was a strong quarter for our core vehicle, energy and services businesses as well as our manufacturing, infrastructure and AI initiatives. Our focus remains on strengthening these core businesses and making the necessary investments that will deliver Amazing Abundance. Tesla generated over $100B in revenue on a trailing twelve-month basis for the first time. We achieved record second-quarter vehicle deliveries, with continued growth in new markets and strength in established markets. Our Energy Storage business returned to growth, achieving its second-best quarterly deployment number and record deployments on a trailing twelve-month basis. The Services and Other business achieved record profitability and margin in the quarter. Cybercab began production at Gigafactory Texas, and Tesla Semi remains on track for production this year at our new factory in Nevada. Progress also continued on battery pack capacity expansion – the main limiting factor to near-term vehicle production volume increase. Megafactory Texas is nearing completion, with start of production planned for this year. Additionally, site selection, preparation, construction and equipment procurement progressed in the quarter for solar and semiconductor manufacturing. FSD (Supervised)4 penetration continued to grow in the quarter with more customers opting for subscription at the time of vehicle purchase. Robotaxi rollout continued in the U.S. and is now live in seven major metros5. Construction at our Fremont Factory for Optimus began after we decommissioned the Model S & X lines, with anticipated production later this year. Tesla is in its largest and most exciting period of investment. From here, there remains much hard work as we aim to revolutionize transportation, energy and productivity through our leading real-world AI. Scaling will be non-linear, and we are focused on long-term value creation. We’ve never been more optimistic about the future. Cash Operating cash flow of $4.7B Free cash flow2 of negative $1.1B $1.2B decrease in our cash and investments3 Operations Record Q2 vehicle deliveries Launched Robotaxi in three cities in Florida in July Began production of Cybercab 3

F I N A N C I A L S U M M A R Y (Unaudited) ($ in millions, except percentages and per share data) Q2-2025 Q3-2025 Q4-2025 Q1-2026 Q2-2026 YoY Total automotive revenues 16,661 21,205 17,693 16,234 20,516 23% Energy generation and storage revenue 2,789 3,415 3,837 2,408 3,139 13% Services and other revenue 3,046 3,475 3,371 3,745 4,581 50% Total revenues 22,496 28,095 24,901 22,387 28,236 26% Total gross profit 3,878 5,054 5,009 4,720 4,751 23% Total GAAP gross margin 17.2% 18.0% 20.1% 21.1% 16.8% -41 bp Operating expenses 2,955 3,430 3,600 3,779 4,353 47% Income from operations 923 1,624 1,409 941 398 -57% Operating margin 4.1% 5.8% 5.7% 4.2% 1.4% -269 bp Adjusted EBITDA 3,401 4,227 4,154 3,668 3,273 -4% Adjusted EBITDA margin 15.1% 15.0% 16.7% 16.4% 11.6% -353 bp Net income attributable to common stockholders (GAAP) 1,172 1,373 840 477 1,114 -5% Net income attributable to common stockholders (non-GAAP) 1,393 1,770 1,761 1,453 1,153 -17% EPS attributable to common stockholders, diluted (GAAP) 0.33 0.39 0.24 0.13 0.32 -3% EPS attributable to common stockholders, diluted (non-GAAP) 0.40 0.50 0.50 0.41 0.33 -18% Net cash provided by operating activities 2,540 6,238 3,813 3,937 4,697 85% Capital expenditures (2,394) (2,248) (2,393) (2,493) (5,789) 142% Free cash flow 146 3,990 1,420 1,444 (1,092) -848% Cash, cash equivalents and short-term investments 36,782 41,647 44,059 44,743 43,524 18% 4

Q2-2025 Q3-2025 Q4-2025 Q1-2026 Q2-2026 YoY Model 3/Y production 396,835 435,826 422,652 394,611 442,936 12% Other models production 13,409 11,624 11,706 13,775 8,822 -34% Total production 410,244 447,450 434,358 408,386 451,758 10% Model 3/Y deliveries 373,728 481,166 406,585 341,893 467,762 25% Other models deliveries 10,394 15,933 11,642 16,130 12,364 19% Total deliveries 384,122 497,099 418,227 358,023 480,126 25% of which subject to operating lease accounting 6,670 10,230 10,996