Futures
Access hundreds of perpetual contracts
CFD
Gold
One platform for global traditional assets
Event Contracts
New
Predict price moves and seize opportunities
Options
Hot
Trade European-style vanilla options
Unified Account
Maximize your capital efficiency
Demo Trading
Introduction to Futures Trading
Learn the basics of futures trading
Futures Events
Join events to earn rewards
Demo Trading
Use virtual funds to practice risk-free trading
CFD
Stock CFD derivatives
US Stocks
Access real US stocks and ETFs
HK Stocks
Trade quality Hong Kong-listed stocks
Korean Stocks
SK Hynix
Real Korean stocks and top assets
JP Stocks
Top Japanese stocks, all in one place
Stock Futures
High leverage, 24/7 trading
Stock Options
New
Popular stock options, flexible leverage
Stocks Activities
Trade popular stocks and unlock generous airdrops
Tokenized Stocks
Backed by real stock assets
IPO Access
Unlock full access to global stock IPOs
Launch
CandyDrop
Collect candies to earn airdrops
Launchpool
Quick staking, earn potential new tokens
HODLer Airdrop
Hold GT and get massive airdrops for free
Pre-IPOs
Unlock full access to global stock IPOs
Futures Points
Earn futures points and claim airdrop rewards
Promotions
AI
Gate AI
Your all-in-one conversational AI partner
Gate AI Bot
Use Gate AI directly in your social App
GateClaw
Gate Blue Lobster, ready to go
Gate for AI Agent
AI infrastructure, Gate MCP, Skills, and CLI
Gate Skills Hub
10K+ Skills
From office tasks to trading, the all-in-one skill hub makes AI even more useful.
#TeslaQ3ProfitFalls43%
Tesla Q3 2026: Profit Slumps, but Cash Flow Surprises
Tesla’s latest earnings tell a mixed story. GAAP net income fell approximately 44% year-over-year to $1.5 billion, but adjusted earnings exceeded expectations.
Key Financial Highlights
- Revenue: $28.05 billion, broadly in line with estimates.
- Adjusted EPS: $0.48 versus $0.44 expected.
- Adjusted EBITDA: $3.90 billion, above the $3.66 billion forecast.
- Free Cash Flow: $1.53 billion, significantly ahead of expectations.
- Capital Spending: Full-year guidance reduced to $20 billion from $25 billion.
Why Profits Are Under Pressure
Tesla continues to face challenges in its core automotive business, including softer deliveries, intensifying competition from Chinese EV manufacturers, and pressure on margins. Energy storage deployments also reportedly fell short of analyst expectations.
The Positive Side
Lower capital expenditure guidance and stronger-than-expected free cash flow suggest Tesla is placing greater emphasis on spending efficiency and cash generation. Meanwhile, AI, robotics, Cybercab, and the Optimus program remain important parts of its long-term growth strategy.
SpaceX Merger Talks Add Uncertainty
Elon Musk reportedly confirmed that special committees at Tesla and SpaceX are discussing a potential merger. The outcome remains uncertain, but any deal could significantly affect Tesla’s strategic direction and capital allocation.
Market Outlook
Tesla shares closed at $386.47 on October 21, gaining 3.41% during the session, according to the figures provided.
My take: The profit decline is real, but stronger adjusted earnings and free cash flow offer a more nuanced picture. The key question is whether Tesla can restore automotive profitability while turning its AI and robotics ambitions into sustainable earnings.
- Adjusted EBITDA: $