See the full story in the original article.
Read the original on prnewswire.com ↗
Keywords
Open a keyword to see other news on the same topic.
Related news
- Tesla (NASDAQ:TSLA) reports Q3 2026 revenue in line with expectations
Tesla reported Q3 2026 revenue of $28.05 billion, flat year on year and in line with the $28.17 billion analyst estimate. Non-GAAP EPS of $0.48 beat the $0.45 consensus by 6.3%. Gross margin rose to 19.6% from 18%, while operating margin fell to 2.6% from 5.8% and free cash flow margin dropped to 5.5% from 14.2%. Vehicles sold fell 2.1% year on year to 486,532 units, and automotive accounts for 72.4% of revenue. The article says five-year annualized revenue growth of 17.2% slowed to 3.3% over the past two years, and automotive gross margin fell from 22% to 19.1%.
- General Motors' Q3 Sales Slipped. Its Profits Soared. Here Are 3 Takeaways Investors Must Note.
General Motors' third-quarter U.S. sales fell 6.3% and revenue rose only 2.9%, but net income jumped 151% to $3.34 billion, helped by strong full-size truck sales and high-margin subscription services. OnStar recognized revenue rose 15% to $800 million, and GM expects subscription revenue to reach $10.5 billion this year and to add 1 million subscribers by the end of 2026. The company authorized a record $20 billion share repurchase, which the article says could retire roughly a quarter of its shares at current prices. Shares fell about 8% by mid-afternoon on October 20, as CEO Mary Barra cited intensifying external headwinds, including commodity inflation projected to cost about $2 billion this year. The article notes that the higher-priced vehicle strategy is reducing sales volume, though it is paying off on the bottom line for now.
- General Motor Q3 Sales Slipped . Its Profits Soared . Here Are 3 Takeaways Investors Must Note .
General Motors' third-quarter net income jumped 151% to $3.34 billion, while revenue rose only 2.9% and U.S. sales fell 6.3%, as the automaker leaned on high-margin full-size trucks. OnStar recognized revenue rose 15% to $800 million, and subscription revenue was on pace to reach $10.5 billion this year, with a goal of adding 1 million subscribers by the end of 2026. GM authorized a record $20 billion share repurchase program, which could retire roughly a quarter of its shares at current prices. Shares fell about 8% by mid-afternoon on Oct. 20 after CEO Mary Barra warned of intensifying external headwinds, with total commodity inflation projected to cost about $2 billion this year. The article argues the trade-off is lower volume for higher margins and says investors should watch how GM addresses affordability and captures rising hybrid demand.
- GM Stock Falls 7% Despite Q3 Earnings Beat: Buy the Dip?
GM reported third-quarter 2026 EPS up 32.2% to $3.70, beating the $3.55 consensus, and revenue of $50.02 billion, up 3%, yet its shares fell 6.84%. The company raised its adjusted automotive free cash flow forecast to $11.5-$12.5 billion and authorized a $20-billion multi-year buyback. Headwinds include a $2 billion cost pressure in 2026 from commodities, logistics and DRAM, tariffs, about 35,000 fewer units in Q4 from pickup launches, and $11.2 billion in EV-related charges since the second half of 2025. Recurring revenue from OnStar, with $6.8 billion in deferred revenue, supports the long-term story. The article concludes that cost and execution risks outweigh the strong quarter, so the buyback and growth drivers justify patience rather than rushing in.
- 2027 Chevy Silverado , GMC Sierra : GM New Profit Drivers
GM is relying on its next-generation full-size pickups to offset higher costs. The 2027 Chevrolet Silverado 1500 and GMC Sierra 1500 are starting production across six plants, beginning at Silao in Mexico, and should reach showrooms by year-end. The changeover will remove about 35,000 vehicles from inventory, but GM expects to build as many trucks in 2027 as it did in 2026. Third-quarter net income rose 151% to $3.34 billion, and revenue grew almost 3% to about $50 billion. North America profit before taxes and interest rose 43% to $3.6 billion even as U.S. sales fell 6.3%, while OnStar revenue reached $800 million, up 15%.
- General Motors Sinks 6% Despite Earnings Beat and New Buyback as Outlook Narrows; Ford Slips, Tesla Barely Budges
General Motors shares fell 6% to $77.87 despite third-quarter adjusted EPS of $3.70 beating the $3.63 consensus and revenue of $50.02 billion topping $48.76 billion, alongside a new $20 billion buyback. Investors reacted to the narrowed 2026 adjusted operating profit guidance of $14.5 billion to $15.5 billion, whose midpoint was unchanged, and to a full-year profit forecast that missed Wall Street estimates. Commodity inflation, including memory chip costs, is now expected at the top of prior ranges, and international adjusted operating profit fell 87.7% to $28 million while China equity income dropped 60.3%. Free cash flow guidance was raised to $11.5 billion to $12.5 billion, while Ford fell 2% and Tesla barely moved.
Related markets
Latest news
- Musk's wants to merge SpaceX and Tesla: Here's what to know
Musk said SpaceX and Tesla have formed special committees to study a merger, which would be worth about $3.5 trillion combined and would be the largest corporate deal in history. SpaceX, valued at about $2 trillion after a record listing this year, absorbed Musk's AI startup xAI in February, while Tesla is valued at about $1.5 trillion. Musk holds about 82 percent of SpaceX's voting power but only about 20 percent at Tesla. Dan Ives puts the odds of a deal at 90 percent by early 2027, though Musk called the requirement of a majority of all Tesla shares 'quite a high hurdle'. Loyal retail investors hold an estimated 25 to 27 percent of Tesla shares, and legal obstacles appear slight because both companies moved their incorporation to Texas from Delaware.
- CoreWeave and Nebius Stocks Are Crashing. Time to Buy the Dip?
Shares of Nebius and CoreWeave each fell 25% in the week of October 12 to 16. The sell-off stems from the yield on CoreWeave's debt in the secondary market surging to 15%, versus roughly 5% on Treasuries, which pushes the debt into 'distressed' territory and signals doubts about its ability to meet obligations. Nebius sold off in sympathy as a fellow neocloud company. The bigger concern is that both companies must keep issuing debt to fund data centers, and if yields are high at issuance, the assumption of nearly unlimited cheap capital could be challenged. The author says it is unclear whether now is the time to buy.
- Disney’s multiplatform Super Bowl plan frustrates ABC affiliates
ABC station owners are irritated that Disney is airing the Super Bowl across several platforms, including Disney+, ESPN2, NFL Network and ESPNU, even though the game is already on ABC and ESPN. A station group CEO estimates that the combined platforms could cut broadcast ad revenue by up to 35% compared with last year. Local affiliates typically earn about 3% of annual ad revenue from the Super Bowl and pay network owners reverse retransmission fees, but Disney+ lacks geofenced ad insertion, so affiliates cannot sell ads to streaming viewers. Disney says national commercials will be identical on all platforms and that streaming major live events is standard industry practice. Super Bowl LX drew 125.6 million viewers in February.
- Nasdaq sell-off: A momentum unwind 'for the record books'
Matt Stucky, chief portfolio manager for equities at Northwestern Mutual Wealth Management, calls Thursday’s sell-off in the Nasdaq Composite (^IXIC) a momentum unwind “for the record books.” He says the market spent the first half of 2026 driven by a beta and momentum trade led by semiconductors, but in the third quarter, as rates rose, money shifted into quality stocks. He does not think the sell-off is justified by fundamentals, arguing that institutional portfolio managers swapping out of factor positions can drag down whole baskets of stocks. In semiconductors, spot rental rates for Nvidia Blackwell chips are higher than a month ago, showing tightening compute supply, even as financing costs rise and investors worry about neocloud business models and the rising cost of insuring their bonds.
- Meta’s deal to keep Zuckerberg in California adds fuel to wealth tax debate ahead of election
Meta says Mark Zuckerberg will remain in California for eight years and has created a new stock plan that could help cover his taxes if Proposition 40, a 5% tax on Californians worth over $1 billion, passes on Election Day on Nov. 3. According to a filing released with its third-quarter earnings, Meta will issue non-voting Class C shares starting in January, and Zuckerberg can sell or transfer up to 20% of the shares granted to him without affecting his majority voting control. The filing says Zuckerberg’s leadership is crucial to the company’s growth and its AI ambitions, including Meta Superintelligence Labs. Most of the tech industry opposes the measure, while a recent Citrin-Politico poll found 46% in favor and 43% against, suggesting it may fall short of the majority support it needs.
- Dune launches real-time data feeds covering 200 onchain trading venues
Blockchain analytics platform Dune has launched real-time market data feeds covering more than 200 onchain trading venues, aiming to bring this data into the systems of traditional financial institutions. The feeds draw trade data from 12 blockchains, including Ethereum, Solana and Base, about one second after execution, covering both spot trading on decentralized exchanges and perpetual futures on Hyperliquid and Lighter. Early clients include quant funds, market makers, asset managers and bank trading desks, which use the data to assess liquidity and compare prices, though Dune did not name them. Meanwhile, the tokenized stock market has grown sharply, with distributed value reaching $3.58 billion, but 16 companies, including Microsoft, Alphabet and Goldman Sachs, have objected to their shares being traded on OKXICE’s proposed platform, and liquidity remains fragmented.
Get the briefing on Telegram or Zalo
Join the Upside Telegram channel or Zalo group for the Vietnam stocks and gold briefing at 8:00 and 19:00 (Vietnam time) on trading days, plus a weekly wrap on Saturday morning.