Tesla bets on Cybercab as auto revenue declines

Tesla's automotive business weakened in Q3 2026 as lower average vehicle prices and battery shortages pressured revenue and profit. The company is accelerating investment in AI and autonomous driving, positioning Cybercab as a new growth driver.

• Tesla's auto revenue and profit fell in Q3 2026
• Lower average prices and battery shortages weighed on results
• Tesla is accelerating AI and autonomous vehicle investment
• Cybercab is positioned as a new growth driver