Tesla, Inc.

Company facts

Industry

Motor Vehicles & Passenger Car Bodies

Headquarters

Austin, Texas

Most recent report

10-Q, filed Oct 22, 2026

Incorporated

Texas

Filings on record

1,002+ filings

On EDGAR

CIK 1318605

Fiscal year ends

December

Filer status

Large accelerated filer

What to read: Sep 2026 10-Q

SECSift found 3 of 13 sections worth reading, with 1 positive, 15 notable, and 5 negative flags.

• Financial Statements (Item 1)

  Financial statements and notes with material swings, new debt, and CEO pay details.
  Notable

  • Resale value guarantee exposure rose to $4.42B from $3.45B, though recorded liability is immaterial.
  • Energy segment deferred revenue jumped to $3.30B from $2.04B; backlog for contracts over one year is $10.73B.
  • One customer accounted for over 10% of accounts receivable as of September 30, 2026, all current.
  • SpaceX investment marked to $2.87B; $863M gain in nine months but $142M loss in Q3 2026 alone.
  • New $20B term loan and $10B revolving credit facilities signed in September 2026, replacing a $5B facility.
  • CEO's 2025 Performance Award has up to $120B in potential compensation; $9.74B already probable over 8.9 years.
  • IEEPA tariff refunds of $786M recognized in Q3 2026, with $339M owed to energy storage customers.
  • Benavides jury awarded $329M; Tesla recorded an immaterial accrual and is appealing.
  • Related-party revenue from SpaceX was $221M in Q3 2026; accounts receivable from SpaceX was $729M.
  Negative

  • Reversed $475M of automotive regulatory credit revenue in Q3 2026 for contractual return of previously delivered credits.

• Management's Discussion (Item 2)

  MD&A with detailed segment results, margin trends, capex doubling, and a $30B debt raise.
  Positive

  • Operating cash flow rose 36% to $14.90B in 9M 2026 from $10.93B, funding capex.
  Notable

  • Capex more than doubled to $13.01B in 9M 2026, up from $6.13B, for SI and factory expansion.
  • Tesla expects 2026 capex over $20B, driven by SI compute, data centers, and manufacturing.
  • Tesla entered $30B in new credit agreements in September 2026 to support planned investments.
  • Automotive regulatory credits revenue plunged 73% in Q3 2026 to $113M, down from $417M.
  • Tesla invested $2.00B in SpaceX common stock during 9M 2026, a related-party transaction.
  Negative

  • Q3 2026 total revenue flat at $28.05B; net income down 43% to $787M vs Q3 2025.
  • Automotive sales revenue fell 1% in Q3 2026 due to a 2% drop in cash deliveries.
  • Energy storage revenue fell 16% in Q3 2026 due to tariff refunds and lower Megapack prices.

• Market Risk (Item 3)

  Large unhedged FX exposure: $1.65B swing risk at Q3 2026, up from $1.70B at year-end 2025.
  Notable

  • Primary exposures are Chinese yuan and euro; Tesla is a net receiver of non-USD currencies.
  Negative

  • No hedging on $1.65B FX exposure at Q3 2026; a 10% move would directly hit net income.

What changed: Sep 2026 vs. Jun 2026

About 6% of TSLA's Sep 2026 10-Q is new information. 15 paragraphs were added, 126 changed, and 23 removed. Below are the most important lines SECSift identified.

• Item 1 55
• Item 2 42
• Item 5 2
• Item 4 2
• Item 3 1
• Item 6 1