Tesla auto margins exceeded analyst expectations in an October 21, 2026 earnings update, as a more favorable vehicle mix and higher Full Self-Driving subscription revenue offset lower average selling prices.
Key Takeaways
- Vehicle mix and FSD subscriptions supported automotive gross margin despite lower average selling prices.
- Tesla’s Austin Cybercab service and Semi production expansion remain developments to watch.
Table of Contents
Cybercab and Semi remain in focus
Tesla’s Cybercab Robotaxi service in Austin launched last year, while Tesla Semi production is being ramped up.
Tesla valuation and insider transactions
Tesla’s trailing price-to-earnings ratio was 359.17 times, versus a five-year median of 107.2 times.
Insider share sales totaled $87.7 million over the preceding 12 months, with no insider purchases.
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