In quarterly results, Tesla reported revenue of $23.9 billion, topping consensus, while net profit of $1.48 billion undershot expectations as pricing and mix weighed on margins. Deliveries benefited from improved supply and logistics, but the ASP headwind persisted amid competitive dynamics. Management commentary emphasized software, autonomy, and energy storage growth vectors to support long-term margins. Analysts flagged free-cash-flow cadence and capex intentions as the next catalysts alongside product updates. Shares were volatile pre-market as traders debated whether operational leverage can re-accelerate into 2026 without further price pressure.