The Rundown Tesla Earnings Fall Short, Trump Considers Investing in Quantum Computing
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Oct 23, 2025 Market insights reveal Tesla's Q3 results with record vehicle sales but a 37% profit drop. Elon's ambitious push for robo-taxis and the Optimus robot takes center stage. In tech news, the US government may invest in quantum firms, sparked by Google's breakthrough in quantum algorithms. Meanwhile, Volvo surprises with a profit increase, and Moderna halts its CMV vaccine after disappointing trials. Finally, Amazon plans to automate warehouses significantly, potentially impacting over 500,000 jobs.
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Watch The Delayed CPI Report
- Tune in to tomorrow's episode for a breakdown of the delayed September CPI inflation report.
- Use that report to reassess market positioning since it could sway market direction late in the week.
Record Sales, Shrinking Margins
- Tesla sold a record number of cars in Q3 but profits fell 37% as price cuts reduced per-car margins.
- Rising operating expenses and tariffs also squeezed results, prompting a roughly 3% stock drop after the report.
Elon Shifts Focus To Robo-Taxis And Control
- Elon Musk emphasized robo-taxi and Optimus robot plans while barely discussing core EV business in the call.
- He framed a $1 trillion pay package as control-focused, not purely monetary, ahead of a November shareholder vote.