The company began producing Optimus humanoid robots on high-volume lines in Fremont and initiated volume production of the Tesla Semi. Unsupervised Robotaxi mileage grew eightfold this quarter to nearly 2 million miles, and the FSD supervised attach rate for new North American deliveries exceeded 75%. CEO Elon Musk stated that demand currently exceeds production, leading to the largest passenger vehicle backlog in four years, and set a goal to produce 5 million vehicles annually by 2030.
Thursday, October 22, 2026
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Tesla Hits $1B Annual FSD Revenue on Q3 Profit Beat
Earnings7 hours ago
Free cash flow surged to $1.53B in the latest reporting period, far exceeding the analyst forecast of a $4.99B loss. Tesla reported adjusted earnings per share of $0.48 against an estimated $0.44, while gross margins rose to 19.6% from a projected 17.8%. Annual recurring revenue from self-driving subscriptions crossed $1B for the first time, supported by a 67% year over year increase in active FSD users to 1.74 million, though quarterly revenue of $28.05B slightly missed the $28.13B estimate.
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