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Digitimes October 27, 2026 By DIGITIMES positive

Tesla sees Cybercab becoming a new growth bet amid declining auto revenue

AI / LLMSupply Chain
Tesla's automotive business weakened in the third quarter of 2026 as lower average vehicle prices and battery shortages pressured revenue and profit, while the company accelerated investment in artificial intelligence and its autonomous vehicle strategy. Total revenue was flat, automotive revenue fell 3% year-over-year to US$20.56 billion, and net income declined 4% to US$1.7 billion.
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