Tesla (NASDAQ:TSLA) will release the company’s third-quarter earnings report next week. The EV stock is on a hot streak, having rallied more than 25% since mid-September.
The company is forecast by analysts to report revenue of $26.6 billion, operating income of $1.58 billion, an automotive gross margin rate of 15.9%, EPS of $0.55, and free cash flow of $1.1 billion.
Tesla (NASDAQ:TSLA) already reported that it delivered 497,099 vehicles in the third quarter, a quarterly record for the company, and surpassed consensus estimates for 448K deliveries as buyers rushed to capitalize on the end of the $7,500 government tax credit. The company produced 447,450 vehicles during the quarter. By model, Tesla (TSLA) produced 435,826 of the Model Y and Model 3, delivering 481,166 of the two vehicles. For comparison, Tesla (TSLA) reported 336,681 vehicle deliveries for Q1 of 2025, 384,122 vehicles in Q2 of 2025, and 462,890 deliveries for Q3 of 2024.
The earnings call update from Tesla (TSLA) is expected once again to focus on AI and autonomy initiatives. Elon Musk and the rest of the management team have been relatively quiet on how the robotaxi rollout in Austin is progressing. However, with Tesla (TSLA) watchers spotting new job listings for Autopilot and robotaxi operators in Colorado (Aurora/Denver area) and Illinois (Chicago), there could be some details on an expansion.
Investors will also be looking for updates on the planned launch of CyberCab and RoboVan, purpose-built autonomous vehicles separate from existing Tesla (TSLA) models. While Tesla (TSLA) did recently unveil cheaper versions of the Model Y and Model 3, analysts may try to pin down Musk if the long-awaited mass-market affordable EV is still on the way.
Options trading implies a swing of 8% or more after the Tesla (TSLA) earnings report drops. The two stocks that have correlated the closest to Tesla (TSLA) following the company’s earnings report over the last two years are NIO (NIO) and Ford Motor (F). Uber Technologies (UBER) and Lyft (LYFT) will also be on watch due to their sensitivity to robotaxi developments.