Tesla Beats Q3 Earnings, Shares Drop 3%

Tesla's third‑quarter earnings stunned Wall Street, sending the electric‑vehicle maker’s shares down 3% after reporting better‑than‑expected revenue and profit, even as investors celebrated the company’s AI‑driven gains. The company beat analysts on both top and bottom lines, and its guidance hinted that AI investment is already paying off, a claim echoed by Yorkville Ives’ senior managing director Dan Ives, who said Tesla’s spend is better controlled than feared. Meanwhile, Meta Platforms’ shares jumped 2% in after‑hours trade after a revenue beat and strong quarterly outlook, nudging the Nasdaq‑100 down 0.7% and the S&P 500 futures by 0.5%. In Asia, the Nikkei slipped 0.73% and Hong Kong’s Hang Seng fell over 2%, while the Dow fell 170 points, reflecting a broader market pullback as investors digested these tech results.