Correction: Update: Tesla Q3 Adjusted Earnings, Revenue Fall

05:21 AM EDT, 10/22/2026 (MT Newswires) -- (Corrects previous capex forecast in the sixth paragraph.) Tesla (TSLA) reported Q3 adjusted earnings late Wednesday of $0.48 per diluted share, down from $0.50 a year earlier. Analysts polled by FactSet expected $0.45. Revenue for the quarter ended Sept. 30 was $28.05 billion, compared with $28.10 billion a year earlier. Analysts expected $28.06 billion. The company is revising its full-year capital expenditures outlook to be about $20 billion "as a result of managing our capital deployment efficiently, and plan to fund it primarily from our cash flows from operations," Chief Financial Officer Vaibhav Taneja said on an earnings call, according to a FactSet transcript. Tesla was previously targeting 2026 capital expenditures of over $25 billion, the automaker said in July. The company's shares were down 4.8% in premarket activity Thursday.