Tesla energy revenue drops 16% as it refunds customers over tariffs

Tesla's energy generation and storage revenue fell 16% year-over-year to $2.88 billion in Q3 2026, even as battery deployments rose 10% to 13.7 GWh. The company attributes the decline partly to tariff-related customer refunds without disclosing the amount.

• Battery deployments rose 10% to 13.7 GWh while revenue fell to $2.88 billion
• Segment gross margin rebounded to 33.1% from 20.4% in Q2
• Energy gross profit fell to $954 million from $1.07 billion a year ago
• Year-to-date deployments reached 36 GWh, revenue down 6% to $8.43 billion