Tesla beat Q3 revenue estimates with record deliveries but missed profit expectations due to tariff costs and lower regulatory credits.

Tesla posted record quarterly revenue but its profit came in below Wall Street's expectations. The stock fell 4% after hours during the analyst call.

Could U.S. stock market leadership finally broaden beyond the U.S. tech megacaps? Early signs from the third quarter earnings season – particularly 2026 outlooks – suggest there's a good chance.

Tesla’s earnings missed analysts’ estimates, however, after recording earnings per share of $0.50 in the third quarter, below projections of $0.56. A bump in revenues comes after Tesla reported quarterly deliveries of just over 497,