Elon Musk listens as reporters ask U.S. President Donald Trump and South Africa President Cyril Ramaphosa questions during a press availability in the Oval Office at the White House on May 21, 2025 in Washington, DC. Chip Somodevilla | Getty ImagesThere was a lot missing from Tesla’s third-quarter earnings call.CEO Elon Musk said nothing about demand for the company’s electric vehicles after a key federal tax credit expired last month. There was no mention of the Cybertruck or the impact of tariffs on auto parts. Investors got no sign for how the fourth quarter is shaping up. That all helps…
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ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailCNBC’s Emily Wilkins talks with Coinbase CEO Brian Armstrong about his experience meeting with senators on Capitol Hill and when pro-crypto legislation may be passed. Source link
Stocks @ Night is a daily newsletter delivered after hours, giving you a first look at tomorrow and last look at today. Sign up for free to receive it directly in your inbox. Here’s what CNBC TV’s producers were watching on Wednesday and what’s on the radar for Thursday’s session. Tesla While you sleep, the team on “Worldwide Exchange” with Frank Holland will dig into Tesla ‘s numbers. The stock is down more than 3% Wednesday night after electric car maker posted quarterly results . Revenue grew 12%, its first year-over-year gain after two down quarters. Wedbush’s head of technology/media…
Tesla electric vehicles are parked at a Tesla service center on Aug. 2, 2025 in San Diego, California.Kevin Carter | Getty Images There are generally two ways for a company to increase its profit: increasing sales or cutting costs. Preferably both at the same time — because a rise in revenue might be overshadowed by spiking expenses.That’s what happened to Tesla in the third quarter. Revenue at Elon Musk’s electric vehicle company rose 12% year on year, the first increase in three quarters. Despite that, net income plunged 37% from a year earlier.The culprits? Lower vehicle prices, presumably in a…
Goldman Sachs is recommending investors consider buying puts on a basket of companies with weak fundamentals as a way to hedge against a potential market pullback. “We see rising investor interest in hedging near-term drawdown risks given equity markets are near all-time highs,” strategists wrote in a note to clients Wednesday. “While the options market prices based on trailing volatility, fundamentals gain a new importance in a broader sell-off,” they said. Goldman believes free cash flow remains the most critical indicator of downside resilience. To capitalize on this dynamic, Goldman identified a number of sell-rated stocks that have low- or…
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailCNBC’s “Fast Money” team discusses highlights from Tesla’s conference call following its third-quarter earnings report and what happened after CEO Elon Musk didn’t mention the expanded robotaxi fleet in his prepared remarks with Gene Munster, co-founder and managing partner at Deepwater Asset Management. Source link
Bank of Korea warned there’s a chance of increased volatility following more rate hikes from the Fed, following U.S. Federal Reserve Chair Jay Powell’s speech in Jackson Hole. Photographer: SeongJoon Cho/Bloomberg via Getty ImagesBloomberg | Bloomberg | Getty ImagesSouth Korea’s central bank kept its benchmark interest rate unchanged at 2.5% for the fourth consecutive meeting Thursday, as policymakers continued to flag household debt as a key risk.The decision was in line with expectations from economists polled by Reuters, and followed the introduction of tighter property measures in Seoul aimed at curbing borrowing.On Oct. 15, South Korean media reported that stricter…
Tesla CEO Elon Musk listens as U.S. President Donald Trump speaks to reporters in the Oval Office of the White House on May 30, 2025 in Washington, DC. Kevin Dietsch | Getty ImagesTesla’s forthcoming artificial intelligence chip that it’s calling the AI5 will be manufactured by Samsung in Texas as well as by TSMC in Arizona, CEO Elon Musk told investors on Wednesday.On the electric vehicle maker’s third-quarter earnings call, Musk said Tesla is shooting for “excess production,” and that any chips not used in cars or robots can be used in his company’s data centers.”Our explicit goal is to…
Asia-Pacific markets fell Thursday, tracking Wall Street’s declines on concerns about U.S.-China trade relations.Trade fears resurfaced after Reuters reported Wednesday stateside that the Trump administration is considering curbs on exports to China that are made with U.S. software, citing a U.S. official and three people briefed by U.S. authorities.The sources said that the plan, which could cover a wide range of items from laptops to jet engines, might not move forward, however, and that it’s not the only option that’s being discussed.Japan’s benchmark Nikkei 225 index retreated 1.52% in early trade, while the Topix declined 0.71%.Investors in Asia will also look…
CNBC’s “Fast Money” team discusses the options market and meme stocks with OpenInterest.PRO’s Mike Khouw. Source link
