Business October 21, 2026 at 8:52 PM

Tesla's profits are under pressure

Business Insider

Tesla's earnings call was on Wednesday, a day after Elon Musk said on SpaceX's earnings call that he'd back a merger. Bloomberg/Getty Images Tesla is facing some profitability headwinds. Its operating income fell 56% year over year as AI and research and development costs climbed.

Excerpt from Business Insider.

Read the full story at Business Insider

More Stories

Business

Walmart rolls out AI agent shopping features while Amazon tries to curb the tech

Walmart is adding tools it says will make AI agent shopping easier. Bloomberg/Getty Images Walmart is rolling out two ne…

🇺🇸 Business Insider 20m ago

Business

Meta creates a new stock class to keep Zuckerberg in control

Meta wants to continue its "founder-led model" — so it's creating a new stock class. Bloomberg/Getty Images Meta establi…

🇺🇸 Business Insider 22m ago

Business

BankUnited, Inc. (BKU) Q3 2026 Earnings Call Transcript

🇺🇸 Seeking Alpha 22m ago

Your world briefing, in your pocket

Curated news from 12 countries and 10 languages. Coming soon on iOS and Android.

Coming soon on App Store Coming soon on Google Play