TSLA · 10-Q · 2026Q3 · Full report

Regulatory Credit Program Changes

Tesla, Inc. · 2026-10-22 · Importance 90 · Surprise 100

Tesla reports that recent governmental and regulatory actions have restricted certain automotive regulatory-credit programs tied to its products. Automotive regulatory-credit revenue declined $812 million, or 56%, to $1.451 billion in the nine months ended September 30, 2026, and declined $304 million, or 73%, in the third quarter. Management states that credit fluctuations depend on regulatory changes as well as production and sales, creating volatility in the automotive business.

Key facts

• Automotive regulatory credits revenue decreased $304 million, or 73%, in the three months ended September 30, 2026 compared to the three months ended September 30, 2025, and decreased $812 million, or 56%, in the nine months ended September 30, 2026 compared to the nine months ended September 30, 2025. source