BusinessEnergyTechnology

Tesla Posts Q3 Profit Surge as Buyers Rush to Beat EV Credit Deadline

Tesla returned to profitability in the third quarter as buyers raced to claim expiring federal EV incentives. The automaker reported $1.4 billion in net income despite a 37% profit decline compared to the same period last year.

Quarterly Financial Performance

Tesla reportedly generated $28.1 billion in revenue during the third quarter, marking a 12% increase year-over-year, according to the company’s earnings report. The electric vehicle manufacturer earned $1.4 billion in net income for the quarter ending in September, though this represents a 37% decrease from the $2.2 billion profit recorded during the same period in 2024. Sources indicate the revenue figures exceeded Wall Street expectations of $26.24 billion, based on data compiled by LSEG.

AIEnergyTechnology

GE Vernova CEO Confirms Ongoing Power Supply Talks with OpenAI as AI Energy Demands Surge

GE Vernova CEO Scott Strazik has confirmed multiple recent meetings with OpenAI’s Sam Altman to address critical power infrastructure requirements for AI expansion. The discussions come as hyperscalers face growing electricity scarcity challenges that could impact artificial intelligence development timelines. Industry analysts remain optimistic about GE Vernova’s positioning despite recent stock performance.

Power Infrastructure Talks Intensify

GE Vernova CEO Scott Strazik has reportedly engaged in multiple conversations with OpenAI CEO Sam Altman in recent weeks, according to sources familiar with the discussions. The talks have focused on addressing the substantial power generation and electrical equipment requirements necessary to support OpenAI’s ambitious growth trajectory in artificial intelligence.

AerospaceAviationDefense

RTX Reports Strong Q3 2025 Earnings Driven by Aftermarket and Commercial Aviation Demand

RTX has announced impressive third-quarter 2025 results with double-digit sales growth across its aerospace divisions. The company’s performance exceeded Wall Street expectations, driven by strong aftermarket demand and increased commercial aircraft production, according to recent earnings reports.

Robust Quarterly Performance

RTX reportedly achieved significant financial growth in the third quarter of 2025, with sources indicating a 12% year-over-year revenue increase to $22.5 billion. According to the company’s earnings report, earnings per share jumped 17% to $1.70, surpassing Wall Street analysts’ expectations for both revenue and net income.

AutomotiveBusinessEconomy

General Motors Raises Annual Forecast as Tariff Concerns Ease, Q3 Results Beat Estimates

General Motors has raised its full-year adjusted earnings forecast after reporting better-than-expected third-quarter results. The automaker now anticipates a smaller financial impact from tariffs, contributing to a significant stock surge.

Improved Financial Outlook

General Motors has reportedly boosted its full-year adjusted earnings forecast as the automaker anticipates reduced impacts from tariffs, according to the company’s latest financial statements. The Detroit-based manufacturer now projects full-year adjusted earnings between $9.75 and $10.50 per share, up from its previous guidance of $8.25 to $10 per share. This revised outlook comes as analysts polled by FactSet had predicted full-year earnings of $9.46 per share.