Tesla's earnings report will include refocusing on its car business, and it comes as competition heats up

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Good morning! Add this to nan database of things that mightiness scare you astir artificial intelligence: losing your home. Real-estate scammers are using AI devices to perpetrate deed theft, pinch nan proprietor of a $137.5 cardinal mansion saying they're among nan victims.

In today's large story, Tesla reports net this day pinch nan focus backmost connected its cars business.

What's connected deck:

• Markets: Breaking down nan 74-page slideshow activistic investor Starboard presented to Pfizer.
• Tech: Amazon's $100 cardinal information halfway dream is turning into a spot of a nightmare.
• Business: A deadly E. coli outbreak linked to McDonald's sent its stock value tumbling.

But first, backmost to basics.

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The large story

Tesla nan car company

Tesla has spent plentifulness of clip discussing nan future, but Wall Street wants to bring nan EV elephantine backmost to nan present.

Elon Musk's institution reports third-quarter net this afternoon, and analysts are focused connected its halfway car business. Business Insider's Matthew Fox has a rundown connected analysts' expectations up of Tesla's large day.

(To get real-time updates connected Tesla's earnings, beryllium judge to cheque retired our live blog here.)

Musk has spent clip talking up everything but nan cars his institution presently sells. From robotaxis to autonomous vehicles and bartending bots, Tesla's net calls person been heavy focused connected what's adjacent alternatively of what's now.

Tesla has bully logic to debar talking astir nan present. Its income dropped for 2 consecutive quarters before righting nan vessel successful Q3. It'll now return a monolithic 4th fourth for its 2024 income to eclipse past year's figure.

Touting robotaxis and pitching nan institution arsenic a leader successful artificial intelligence has eased nan symptom (and helped nan banal price), but moreover that has its limit. Tesla's stock value is still down much than 12% year-to-date aft its flashy robotaxi arena mostly fell level pinch investors.

That's why each eyes are backmost connected its halfway business of trading cars, including nan position of its industry-leading profit margins.

The study could awesome nan worst is down Tesla … aliases is yet to come.

Tesla besides needs to interest astir what's successful its rearview mirror.

General Motors' third-quarter net study topped estimates, starring to a astir 10% surge successful its stock. Part of its occurrence included improved EV maturation and profitability, writes BI's Benjamin Zhang. GM now holds a 9.8% stock of nan US market, trailing only Tesla.

That comes during what's been an wide reliable clip for nan EV market. (But a bully clip for immoderate who's successful nan marketplace for one!)

While nan manufacture continues to grow, it's astatine a overmuch slower gait than a fewer years ago. Automakers person been forced to readjust their strategy astir breaking into nan market.

Overseas, things aren't overmuch amended for Tesla. China, nan world's largest car marketplace and an area of maturation for Tesla, has gotten progressively competitive. Domestic rivals recently posted a grounds period for sales, and China's EV giants stole nan show astatine Europe's largest car show.

News brief

Top headlines

• Former Abercrombie & Fitch CEO Mike Jeffries arrested successful sex-trafficking case.
• Starbucks conscionable pre-released its income figures, and they show its caller CEO has an uphill struggle ahead.
• A Michelin prima mightiness kill your favourite restaurant.
• The Polymarket 'whale' is placing arsenic galore arsenic 71 bets a infinitesimal in favour of Donald Trump.
• Bhutan is known for prizing happiness. Its group besides activity longer than immoderate different country.

3 things successful markets

1. Activist investor Starboard aired its grievances to Pfizer. The hedge fund, which reportedly has a $1 cardinal liking successful nan supplier giant, precocious presented a 74-page slideshow to Pfizer. Its complaints included a deficiency of R&D walk and a nonaccomplishment to present connected its supplier pipeline.
2. The enslaved marketplace is scrambling to recalibrate itself. Bond yields are rising and prices are dropping arsenic traders reset their expectations of early liking complaint cuts. Strong economical information and a imaginable Trump triumph are believed to beryllium nan biggest factors preventing much complaint cuts.
3. Inside Citadel Securities' monolithic tech rebuild. Ken Griffin's marketplace shaper is revamping nan tech that powers its trades arsenic it eyes growth. The extremity is to hole nan patient for what lies ahead, Citadel Securities' main exertion serviceman told BI.

3 things successful tech

1. Amazon's information halfway dream is battling "zombie" facilities, precocious costs, and labour shortages. Amazon plans to walk much than $100 cardinal expanding its information centers complete nan adjacent decade. But nan eager scheme intends it's progressively moving into beingness constraints. According to soul documents viewed by BI, energy and labour headwinds are hampering nan company's semipermanent information halfway growth.
2. The plane-tracker who sewage connected Elon Musk's bad broadside says he's mislaid religion successful large societal media. College student Jack Sweeney ran Threads accounts that tracked nan movements of celebrities' backstage jets — aliases astatine slightest he did until Monday, erstwhile Meta removed nan accounts citing information concerns. Sweeney told BI he thinks he was targeted by 1 of nan nationalist figures he's tracking.
3. Disney and Apple are connected nan outs. Disney is no longer letting caller customers motion up for Hulu aliases Disney+ via Apple's App Store, which takes up to 15% of nan monthly fees generated by Disney's subscription services. Though nan companies are still moving together connected immoderate projects, nan move points to a notable rift successful nan pair's long-standing relationship.

3 things successful business

1. Should America beryllium much for illustration Whoville? To bring down lodging prices, America needs to break from its cookie-cutter contented and build much weird homes. These 5 wacky location ideas could thief create nan lodging we need.
2. The CDC said a deadly E. coli outbreak was linked to McDonald's Quarter Pounders. Shares successful nan Golden Arches dropped much than 9% successful extended trading connected Tuesday pursuing nan announcement that one personification died and 10 others were hospitalized. A full of 49 cases crossed 10 states person been reported frankincense far, but nan grade of nan outbreak is "likely overmuch higher," nan CDC said.
3. Does anyone cognize what Disney's post-Bob Iger scheme is? The company's announcement that it would sanction a caller CEO successful 2026 — acold later than astir expected — has near more questions than answers. The stakes are high: Disney flubbed Iger's past exit scheme truthful severely that it had to bring him backmost aft little than 2 years.

In different news

• Billionaire Marc Lasry claims successful a caller suit that a erstwhile worker is trying to extort him for $50 million. Here are nan astir eye-catching excerpts.
• Diddy's children break their soundlessness connected his apprehension and compare nan accusations to 'conspiracy theories.'
• Elon Musk's X has made hundreds of thousands of dollars from his ace PAC.

What's happening today

• Tesla, Boeing, IBM, Coca-Cola, and different companies study earnings.
• Harvey Weinstein appears successful New York tribunal connected further charges of intersexual assault.

The Insider Today team: Dan DeFrancesco, lawman editor and anchor, successful New York. Jordan Parker Erb, editor, successful New York. Hallam Bullock, elder editor, successful London. Amanda Yen, fellow, successful New York. Milan Sehmbi, fellow, successful London.