Tesla's own Q3 update shows revenue roughly flat, profit down sharply from a year ago and steady growth in charging and FSD. All figures are in U.S. dollars.
Tesla made less money this summer than a year ago, but its charging network and FSD subscriber base kept growing. Its Q3 2026 Update, filed with the U.S. Securities and Exchange Commission on October 21, shows total revenue of US$28.0 billion, roughly flat year over year, and GAAP net income of US$787 million, down from US$1.37 billion in Q3 2025 (Tesla Q3 2026 Update). We covered the delivery side, including Tesla's Canadian record, in our earlier story. This one is about the money and the network.
All figures here are in U.S. dollars and come from the financial summary in Tesla's Q3 2026 Update, which was filed as part of its October 21, 2026 Form 8-K and is linked from Tesla Investor Relations.
| Tesla, US$ millions | Q3 2025 | Q2 2026 | Q3 2026 |
|---|---|---|---|
| Total revenue | 28,095 | 28,236 | 28,046 |
| Automotive revenue | 21,205 | 20,516 | 20,560 |
| Energy generation and storage revenue | 3,415 | 3,139 | 2,881 |
| Services and other revenue | 3,475 | 4,581 | 4,605 |
| Income from operations | 1,624 | 398 | 718 |
| GAAP net income (common shareholders) | 1,373 | 1,114 | 787 |
| Free cash flow | 3,990 | (1,092) | 1,531 |
Source: Tesla Q3 2026 Update, financial summary (unaudited).
Tesla lists the reasons revenue was flat: lower energy storage revenue (partly because of tariff-related customer refunds), a lower average vehicle selling price, fewer regulatory credits and slightly fewer deliveries, offset by growth in services and higher FSD subscription revenue. On profit, it points mainly to higher operating expenses for R&D projects, stock-based compensation and overhead (SG&A). Research and development spending was US$2,761 million, up from US$1,630 million a year earlier.
Tesla ended the quarter with US$45.4 billion in cash, cash equivalents and short-term investments, up US$1.9 billion from June.
Supercharger stations: 8,904 at the end of Q3 2026, up from 7,753 a year earlier.
Tesla's operational summary shows 8,904 Supercharger stations and 84,465 connectors at the end of Q3 2026, up from 7,753 stations and 73,817 connectors a year earlier. Tesla also says its Supercharger for Business program, where businesses buy and own Tesla-run sites, grew to more than 600 stalls, and that it deployed its first factory pre-assembled "Accordion" Supercharger. Tesla doesn't break the station count down by country. Recent Ontario openings include Kingston Highway 15 and Norwood; see the Ontario Superchargers guide and our Supercharger for Business story.
Active FSD subscriptions rose to 1.74 million from 1.48 million in Q2 and 1.04 million a year earlier. Tesla says the figure includes upfront payments and monthly subscriptions and leaves out free trials. It also says FSD (Supervised) was available in nine EU countries as of the update, and that it still requires active driver supervision. For where FSD stands here, see FSD in Canada.
Not much changes day to day. The useful signals are that the charging network keeps growing and that Tesla says battery supply, not demand, is still what limits how many cars it builds. Tesla doesn't give any Canadian financial figures.
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