Profit

Tesla’s Q3 earnings revealed a 12% revenue increase but a 37% net income drop due to price cuts to compete with Chinese EV makers and a surge in operating expenses driven by AI and R&D investments. This mixed performance and broader market concerns led to a dip in Tesla’s stock price. The market awaits upcoming earnings reports from tech giants to gauge overall market health. A recent crypto downturn disproportionately impacted smaller coins, highlighting the volatility of altcoins.